Evgeny Gaevoy said Wintermute will not sue Binance over losses incurred during the largest crypto liquidation event on Oct. 10.
The founder of Binance was "treated really badly" by the Biden administration, President Trump said during an interview.
While Bitcoin’s price action points to a relative scarcity of spot activity, recent on-chain data reveals an increasingly dynamic atmosphere within its futures market, especially on the Binance network. Related Reading: Bitcoin October Slump: Fourth Worst On Record Since 2013, Per Fortune Analysis Binance Dominates Futures Market As Trader Sentiment Sees Structural Shift In a recent post on the CryptoQuant platform, crypto education institution XWIN Research Japan shares insights into developments in the Bitcoin futures market, with their key focus being the Binance network. According to the research institution, the world’s leading crypto exchange is maintaining its reputation after reaching its record high of $1.88 trillion in trading volume. At the same time, the trader sentiment within Bitcoin’s futures market evidently appears to be undergoing a transition, with data from the Bitcoin: Futures Taker CVD (Cumulative Volume Delta, 90-Day) informing the supposition. For context, this metric tracks the net difference between taker buy volume and taker sell volume over 90 days, revealing if the traders in the futures market are predominantly adding to its buying pressure or contributing to its selling pressure. XWIN Research points out that as of the middle of 2025, Bitcoin’s taker buy volume dominated the futures market, as most traders accumulated positions. This period of accumulation, notes the analyst, was seen as the flagship cryptocurrency climbed above $100,000. However, from late August to the present, there has been a re-emergence of taker sell pressure, signaling the predominance of profit takers in the market. Related Reading: Ethereum Support Band Under Pressure — Can Bulls Revive Momentum From $3,700? What This Means For Price Contrary to what this structural shift might be interpreted as, the educational institution explains that the market seems instead to be becoming more mature. A typical mature market, as XWIN Research points out, is one where the market participants manage their exposure, rather than chase any or all price spikes. The reappearance of taker sell pressure therefore signifies a growing inclination among traders to protect their gains nested within the $110,000-$115,000 price range. Historically, this kind of “moderation” has often been a sign of long-term strength. Binance’s $1.88 trillion in trading volume also lends credence to this view, as it reveals the presence of solid institutional confidence in the cryptocurrency’s long-term growth. Aside from institutional backing, this trading volume also puts into perspective the width of global participation in the Bitcoin derivatives market. In the long run, the Bitcoin market could be in the early phases of a sustained and long-lasting expansion. At press time, Bitcoin is worth approximately $110,110. The premier cryptocurrency shows a slight growth of 0.40% in 24 hours. Also reflecting the online asset’s sideways movement is its net loss of 1.36% over the past seven days. Featured image from iStock, chart from Tradingview
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Crypto analyst XForce has predicted that the XRP price could rally to $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. XRP Price Headed To $10 On Wave 3 Move In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes for the XRP price. However, the analyst added that the macro chart shows clear accumulation and a solid price floor after almost a year of distribution. Related Reading: Why This Analyst Is More Bullish On XRP Over Ethereum For The Short-Term Crypto analyst CasiTrades had also predicted that the XRP price could rally to as high as $10 on the wave 3 move. However, she predicted that XRP would crash to as low as $1.4 first to complete the macro wave 2 correction, which had begun around the largest liquidation event on October 10. XForce indicated that this projected crash to $1.4 for the XRP price was unlikely to happen. The analyst opined that the major low was in and alluded to the macro chart, which showed that the low had been broken, but XRP bounced hard from it. He added that XRP could stay in this current range for more distribution before the next leg up, but believes that predictions about a further downtrend are all “noise.” The XRP price has continued to range between $2.4 and $2.6 as the market recovers from the October 10 crash, which saw XRP drop to as low as $0.77 on Binance. Meanwhile, it also dropped below the psychological $2 level on other exchanges. One Final Drop For XRP Crypto analyst CasiTrades doubled down on her prediction that the XRP price would witness one final crash before a rally to the upside. She noted that the altcoin is reacting exactly as expected, having rejected the Wave 4 resistance near $2.68. She added that the price is now turning bearish and the RSI is making a new low, which is starting to confirm that Wave 5 down is underway. Related Reading: Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27 CasiTrades stated that breaking below $2.42 would confirm continuation toward the lower targets at $2.03 and $1.65. These two lower levels are said to have alignment with the Wave 5 extension. The analyst again indicated that the XRP price could drop to at least $1.65, which she noted is the macro .618 retracement. CasiTrades opined that this projected crash should complete the final wave of the correction before a massive wave 3 impulse to the upside. She added that once the bottom forms, the next impulse should be “fast and obvious,” with the XRP price cutting through resistance on the way to new highs. At the time of writing, the XRP price is trading at around $2.48, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Binance.US responded to criticism from Sen. Chris Murphy, who alleged its USD1 listing was payback following Trump's pardon of CZ.
Crypto analyst Adez has revealed what most traders are missing following the Bitcoin price rally to $116,000 earlier this week. The analyst suggested there is no reason to be bullish right now, as BTC is likely to decline further before breaking out to the upside. What Traders Are Missing From The Bitcoin Price Action In an X post, Adez noted that the Bitcoin price pumped from around $111,000 to $115,500 and that everyone thinks a breakout is happening. However, the analyst opined that the rally was just a trap. He explained that BTC actually swept the Value Area High at $114,600, but the Cumulative Volume Delta (CVD) barely moved. Related Reading: 100% Of Bitcoin Bull Market Peak Indicators Remain Untouched, Is There Still Room To Run? Adez further revealed that the open interest was completely flat, indicating that zero money came in for the move on Binance. The funding rate was also still at 0.01%, which is “dead neutral,” and nobody was excited about the Bitcoin price rally. In other words, he explained that the breakout happened with no institutional support, no new capital, and no retail FOMO, which is why the analyst believes the move was just a liquidity grab. As to what happens next, Adez stated that this is a classic pattern after sweeping resistance with weak conviction, which leads to a sharp reversal. He urged investors and traders to watch the next few H4 candles to see if the Bitcoin price rejects back below $114,600, forms a lower low, and the CVD starts dropping. For a break of structure to be confirmed, the Bitcoin price needs to break below the H1 at 114,839 and then the H4 at 113,560. Once that happens, Adez predicts that there is an 85% probability that BTC will head to the real support between $104,000 and $106,000 within seven to ten days. Notably, BTC has broken these two levels and may now be at risk of dropping to these support levels as the analyst has predicted. Why This Price Action Is Plausible Adez explained that this Bitcoin price action makes sense because November is historically 60% bullish and that Q4 has averaged 65% wins. However, he noted that these rallies didn’t start from thin air at $115,000. Instead, they start from value zones where institutions can accumulate before BTC rallies. Related Reading: Here’s How High The Bitcoin Price Would Be If It Catches Up With The Stock Market The analyst highlighted $109,000 as the point of control, while between $104,000 and $106,000 is the Value Area Low, where there are also billions in buy orders. He added that the current Bitcoin price action is floating above real support, which is exactly where smart money dumps before the real move begins. As such, Adez expects retail to buy the breakout at $115,000 and get stopped out on the reversal. Then, they miss the real entry between $104,000 and $106,000. On the other hand, Smart Money sells into this pump, waits for the sweep down, then loads up at between $104,000 and $106,000 and rides the Bitcoin price rally to above $130,000. At the time of writing, the Bitcoin price is trading at around $113,000, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
A Washington, D.C. statue of Changpeng “CZ” Zhao became the center of a memecoin frenzy after the “czstatue” token surged 27,000% in a day before collapsing to near zero.
XRP hovers at a key resistance, signaling a crucial decision point. With momentum building, traders now wonder, will one final dip come before the next major breakout? XRP Faces A Crucial Decision Zone Amid Ongoing Range CasiTrades, in a recent market update, highlighted that XRP continues to range within a critical zone, keeping its setup for a potential final wave down valid. The analyst noted that the price remains at a key decision point, with ongoing tests of the Wave 4 highs acting as a firm ceiling against further upside movement. Related Reading: Boom Incoming? XRP’s Market Setup Looks ‘Explosive,’ Analyst Says According to CasiTrades, the pivotal level to watch is $2.82 on Binance. A confirmed breakout and sustained hold above this resistance would invalidate the bearish setup and signal renewed bullish momentum. However, XRP has so far failed to push through, maintaining a range-bound structure between support and resistance, a sign that the market has yet to commit to a clear directional trend. The analyst emphasized that a V-shaped recovery typically breaks through resistance with strong conviction, but such a move has not been seen here. Instead, XRP’s hesitancy indicates that selling pressure may still be present, preventing a clean continuation to the upside. Exchange Variations Add Complexity To Market Analysis CasiTrades went on to explain that most major exchanges are now aligning around their key Fibonacci retracement levels, particularly the 0.618 zone. On Binance, this range sits between $1.35 and $1.46, which the analyst identified as the area where the next corrective wave could complete. According to the expert, this move would finalize the macro Wave 2 correction, paving the way for a powerful Wave 3 impulse that might propel XRP toward $6.50 or even $10. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype The analyst emphasized that these lower price levels shouldn’t be viewed as a cause for concern but rather as valuable accumulation opportunities for long-term investors. Historically, zones like these have marked points of strong institutional buying and major trend reversals, presenting some of the best risk-to-reward setups before a large bullish expansion. CasiTrades also noted that exchange discrepancies add a layer of complexity to the analysis. For instance, during a recent liquidation event, Binance briefly fell to $0.77, while Coinbase never reached its .618 retracement. This variation means traders should always chart on the specific exchange they plan to execute trades on, as price reactions can differ slightly between platforms. In conclusion, the analyst noted that until XRP breaks and holds above $2.82, the market structure still supports the idea of one final downward wave before a major upward cycle begins. Featured image from Getty Images, chart from Tradingview.com
The Solana decentralized finance (DeFi) ecosystem just gained another powerful addition with the launch of SolsticeFi. This innovative new platform is poised to introduce a much-needed layer of risk-controlled yield generation, directly addressing one of the primary concerns for users venturing into the safety of their deposited capital. SolsticeFi is reimagining how investors earn on Solana by introducing a defensively engineered approach to yield, one that directly protects the value of user deposits. According to crypto commentator Madissa’s post on X, one of SolsticeFi’s most compelling features is its ability to allow users to continue earning staking rewards while keeping their assets liquid and usable across the broader DeFi ecosystem. How SolsticeFi Balances Risk While Generating Yield This innovation created continuous opportunities for user to deploy their capital in other protocols without interrupting their base yield, instead of locking up funds. SolsticeFi platform is designed to prioritize full transparency and validator diversification, minimizing exposure to single-validator risks and opaque yield platforms. Furthermore, depositing capital into SolsticeFi provides support for SOL’s network security while generating sustainable returns for users. Related Reading: Solana Stays Strong: Network Outperforms Rivals Amid AWS Outage Turmoil Crypto analyst Hokage has also mentioned how Solana is improving and completely revolutionizing financial transaction speeds in traditional finance (TraFi), where transfers take days, settlements drag, and middlemen slow everything down. SOL has changed the game by creating a new block every 400 milliseconds, and currently, the central to this acceleration is Bam, the new block assembly marketplace. This Bam will speed up how quickly user transaction gets picked up and integrated into a block, and slash inclusion times to an astonishing 50-100 milliseconds. Building on this is Alpenglow, which takes finality down to an incredible 100-150 milliseconds faster than a blink, and the point where the network confirms the user transaction is 100% done and irreversible. One project that stands out in these ultra-fast ecosystem steps is SolsticeFi’s USX, a stablecoin specifically built to move at that speed, which enables users to send dollars, deploy capital, and settle instantly. Hokage concluded that “while these advancements might sound like pure sci-fi, if you’ve been around the SOL ecosystem, you would know it’s not.” Market Confidence Returns To Solana While SolsticeFi provides speed and reduces risk to Solana yield platforms, KOLS Manager at Binance, investor, and trader BitGuru, has noted that SOL’s price is currently showing a strong bullish setup, after following a steady downtrend and now stabilizing near key support. Related Reading: Solana Pauses To Recharge – Will $195 Support Hold The Line For A Comeback? As a result of that action, the SOL market is now pulling back with considerable strength, aiming to break above the critical $210 resistance level, a zone that has capped multiple attempts at recovery. A decisive breakout above $210 would likely trigger SOL’s next leg higher toward $230 and beyond. Featured image from Adobe Stock, chart from Tradingview.com
Dogecoin (DOGE) is facing a steep market cooldown after weeks of heightened trading activity in early October. Data from CoinGlass shows that both Open Interest (OI) and trading volume for DOGE futures have crashed, indicating a sharp decline in the meme coin’s momentum. The latest figures reveal a significant pullback in derivatives activity and spot market participation, suggesting that traders may be retreating from speculative positions as volatility eases. Dogecoin Open Interest Crashes Over 60% Dogecoin’s Open Interest has plunged dramatically from its October highs, reflecting a rapid exodus of leveraged traders from the market. According to CoinGlass, total exchange DOGE futures Open Interest has fallen over 62% from a peak of $5.03 billion on October 7 to $1.88 billion on October 28. This represents a drop to approximately 9.41 billion DOGE, valued at $ 0.20 per token. Related Reading: Dogecoin Treasury Company Looking To Use Strategy’s Bitcoin Playbook For DOGE, Here’s How Despite the decline in Open Interest, Binance, BitMEX, and Bybit continue to lead as the top exchanges with the highest Dogecoin futures activity. Still, the downturn has been widespread across exchanges. Kucoin recorded the largest drop in recent hours at 3.1%, followed closely by Bitget, which saw a 2.27% decline. Over the last 24 hours, Bitunix recorded the steepest drop in Open Interest, down 15.86%, while Crypto.com saw a 7.36% reduction. Even Binance, which consistently leads Dogecoin futures trading, has seen a notable pullback. CoinGlass reports that the exchange’s Open Interest peaked at $964.7 million on October 7, marking a monthly high. Since then, it has fallen to $380.29 million (1.9 billion DOGE), representing a staggering 60.6% crash in just over three weeks. Dogecoin Sees Even Worse Decline In Volume Trading volume for Dogecoin has mirrored the collapse in Open Interest. CoinGlass data shows that Dogecoin’s futures volume heatmap across major crypto exchanges is in the red zone. Total trading volume had spiked to $20.45 billion on October 11, following the devastating crypto flash crash on October 10, but has since plummeted to $5.31 billion as of October 28. This represents a whopping 74% decline. Related Reading: Dogecoin Price Macro Target Remains Above $2, And The Market Crash Hasn’t Changed It On individual exchanges, Binance’s DOGE trading volume dropped by 9.35% in the past 24 hours, while OKX saw a 13.69% decline. CoinEx recorded the largest volume decrease at 26.1%, followed by Gate.io at 23.94%. Popular exchanges like Bitget, Kucoin, and Bitunix also reported varying declines of 4.96%, 20.37% and 13.16%, respectively, as overall market liquidity thinned. However, a few exchanges bucked the downward trend, recording slight gains. dYdX saw its DOGE volume surge by 167.61%, HTX increased by 49.93%, and Hyperliquid rose by 23.88%. Bybit and MEXC also recorded modest gains of 24.98% and 1.88%, respectively. Alongside its decline in trading volume, CoinGlass notes that Dogecoin’s price performance has slipped. The meme coin is currently trading at $0.20, down 13.19% over the past 30 days and 2.86% in the last 24 hours. Featured image from iStock, chart from Tradingview.com
Uniswap (UNI) has been consolidating since the October 10 market crash, with price action stabilizing but volatility still lingering. The decentralized exchange (DEX) token has struggled to regain its previous momentum, reflecting the broader uncertainty across the altcoin market. Analysts remain divided on its short-term outlook — some view Uniswap as a key driver of Ethereum’s DeFi ecosystem and a potential leader in the next recovery phase, while others caution that lingering liquidity stress and waning trader activity could spark more turbulence ahead. Related Reading: Bitcoin Supply In Profit Rises To 83.6% – Market Momentum Building Again Despite this cautious backdrop, new on-chain data suggests a shift may be underway. According to CryptoQuant insights, Binance whales have become increasingly active on UNI, with large transactions and outflows spiking to multi-month highs. Historically, this type of whale behavior — especially when coupled with heavy exchange outflows — has been associated with accumulation phases and strategic repositioning by major players. As Uniswap’s fundamentals remain solid, with trading volumes and user engagement steadily recovering, the renewed whale activity could indicate that smart money is quietly preparing for the next market leg. Whether this accumulation marks the early stages of a trend reversal or just a temporary pause before further volatility remains to be seen. Uniswap Exchange Outflows Hit Multi-Month Highs In recent days, Uniswap’s native token, UNI, has seen a notable uptick in large-scale activity, signaling renewed interest from major market participants. According to on-chain data from CryptoQuant, whale wallets — typically identified by the top 10 largest transactions — have begun moving significant amounts of UNI out of Binance. These outflows represent transfers from exchange wallets to external addresses, a behavior that often indicates accumulation or long-term repositioning by large holders rather than short-term trading. The data highlights a daily peak of 17,400 UNI withdrawn from Binance, alongside a monthly peak of 5,250 UNI, marking a three-month high in whale activity. Historically, such outflow spikes tend to occur during accumulation phases, as whales seek to reduce exposure to centralized exchanges and secure tokens for longer-term holding or staking opportunities. This renewed movement comes at a time when UNI is still digesting the market correction that began in July, with prices stabilizing but failing to regain strong upward momentum. Analysts interpret this surge in whale activity as a potential early indicator of confidence returning to the asset. If sustained, it could mark the beginning of a structural reversal — a shift from post-crash consolidation to the early stages of renewed accumulation and recovery. Related Reading: Digital Yen Goes Live: JPYC EX Integrates Traditional Finance With DeFi UNI Price Analysis: Consolidation Persists as Whales Reenter the Market Uniswap (UNI) continues to consolidate near the $6.50 level after a sharp correction that began in July 2025. The weekly chart shows a prolonged period of sideways movement following a breakdown from the $12 resistance zone, where bullish momentum previously failed to sustain. Despite multiple attempts to rebound, UNI remains below the 50-week and 200-week moving averages, both of which now act as dynamic resistance levels. The recent price action reflects investor hesitation, with the broader market still digesting the effects of the October 10 crash. However, volume analysis indicates that selling pressure has started to decline, suggesting that sellers may be exhausting and that accumulation could be forming at current levels. Related Reading: Ethereum OG Drives $500M Liquidity Flow Into ConcreteXYZ & Stable Vaults – Details From a technical perspective, the $6.00–$6.20 zone serves as immediate support, while a decisive reclaim above $8.00 would be required to shift market structure toward a potential mid-term recovery. Interestingly, the recent whale accumulation reported by on-chain data aligns with this stabilization phase — a pattern often seen near cyclical bottoms. If Uniswap maintains support and market sentiment improves, UNI could attempt to retest the $10–$12 zone in the coming months. Conversely, a failure to hold above $6 could open the door for a retest of the 2024 range lows around $4. Featured image from ChatGPT, chart from TradingView.com
The pardon could pave the way for Binance's return to the U.S., which would be bullish for the BNB token ecosystem, BNB Network CEO said.
Crypto analyst CasiTrades has predicted that the XRP price could still crash to $1.4 in the final wave of this downtrend. This comes despite bullish catalysts such as the Fed rate cut, which could lift the altcoin to new highs. Analyst Predicts XRP Price Crash To $1.4 In an X post, CasiTrades stated that exchanges are aligning toward their .618 retracements, with Binance showing a crash to between $1.35 and $1.46 for the XRP price. She noted that this next wave down would complete the macro Wave 2 correction, setting the stage for the next Wave 3 impulse that could send XRP toward $6.50 or $10. Related Reading: Technical Analysis Suggests XRP’s Playbook From 2017 Could Repeat In 2025 This came as the analyst remarked that the XRP price was at a major decision point, with the price continuing to test the Wave 4 highs. She noted that this resistance is making another wave down a possibility. To invalidate the move down, CasiTrades stated that XRP needs to break and hold above $2.82 on Binance. However, so far, the XRP price hasn’t done so, with CasiTrades noting that the price is still ranging between support and resistance. She explained that this leans toward this being a Wave 4, with the altcoin one final move lower before the next macro impulse. The analyst ruled out a V-shaped recovery, noting that price typically breaks through resistance immediately and decisively, which is not happening with the current price action. She further remarked that the hesitation suggests that selling pressure isn’t fully exhausted for the XRP price. However, CasiTrades assured that the deeper support levels aren’t a reason to panic, as they are high conviction accumulation zones. Meanwhile, the analyst highlighted a discrepancy in the price action on different exchanges. She noted that the XRP price on Binance wicked to $0.77 during the $19 billion liquidation event, while on Coinbase, XRP never reached its .618 retracement level. CasiTrades then reiterated that until $2.82 breaks, the price action favors one final wave down before the next major move up. XRP’s Bull Run Isn’t Over Crypto analyst Egrag Crypto has assured that the bull run isn’t over for the XRP price, despite predictions that the top may be in. He stated that as long as XRP holds above $2.20 and $1.97 as monthly closes, then there is no structural break. He also believes that the altcoin and other risk assets are about to “roar.” Related Reading: Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27 Egrag Crypto noted that quantitative tightening is still active and that Fed rate cuts are just beginning. In line with this, he declared that the last leg up is still waiting to play out. He claimed that cycles don’t end when 50% of traders are cautious, but do when everyone is “drunk on euphoria.” At the time of writing, the XRP price is trading at around $2.6, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Pexels, chart from Tradingview.com
The XRP market is bracing for a new phase of intense volatility, with anticipation growing around key legal, regulatory, and institutional developments. Ripple CEO Brad Garlinghouse has recently addressed the XRP community, offering guidance and setting expectations for what is to come. XRP Unusual Stability May Be Setting Up A Major Move The cryptocurrency world is buzzing with increased anticipation for XRP, following a series of strategic announcements from Ripple and compelling technical analysis. Popular crypto news source CryptosRus has highlighted on X that the altcoin is poised for a sharp move, as Ripple CEO Brad Garlinghouse has mentioned that investors should be prepared for a substantial shift. Related Reading: Ripple Labs’ $1 Billion XRP Treasury Strategy: Will It Lead To A New Rally Toward $10? At the core of this move, Ripple has just launched Ripple Prime, a new global prime brokerage service tailored for institutional clients. According to the company, Ripple Prime will be powered by Ripple’s foundational digital asset infrastructure, encompassing its robust solutions for payments, crypto custody, and stablecoin capabilities, alongside XRP. However, CEO Brad Garlinghouse called this move another step toward building the internet of value, emphasizing that the XRP sits at the center of everything Ripple does. CryptosRus noted that the altcoin has recently bounced off a key support level at $2.33. This technical indicator is signaling a potential 30% rally, with an initial target of $3.45 or even higher, as market momentum continues to build. An analyst known as TylerHillYT, who is also the president of FluenceGlobal and Co-Founder of the CSS, has also stated that the XRP price comeback is showing structural strength. In just a day, the token burn rate spiked 29%, mirroring its 29% price surge, signaling a synchronized increase in both on-chain demand and heightened investor activity. This Ripple’s deeper expansion into traditional finance and the recent launch of Ripple Prime have caused the network usage to ramp up again. TylerHillYT emphasized that at the accelerated pace, XRP is not just riding a wave of market momentum, but it’s rebuilding its long-term narrative. However, the burn acceleration with renewed institutional traction could be the early signs of a sustained upward trajectory, pushing the token structurally toward the $3.00 mark. Connecting Market Surge To Foundational Growth While the digital asset market is vibrating with renewed excitement surrounding XRP, a prominent crypto influencer and creator on Binance and CMC, Jack, has revealed that the bulls have firmly smashed through the critical $2.55 resistance level with conviction. This decisive breakout has now set the immediate sights of traders on $2.80 and beyond. Related Reading: XRP Price Under Pressure — Bulls Attempt To Defend Key Support Zone Jack mentioned that whale activity is back, and the Open Interest (OI) is climbing steadily, while sentiment is flipping fast. If this powerful momentum holds, the next significant pit stop for XRP could be the $3.00 mark and beyond. Featured image from iStock, chart from Tradingview.com
Crypto analyst CryptosRus has drawn attention to the open interest reset for XRP. The analyst also explained why this development could spark a major price surge for the altcoin. XRP’s Open Interest Drops To New Lows In an X post, CryptosRus revealed that XRP’s open interest on Binance has dropped back to the same lows that were seen in May 2025. The analyst noted that back then, the liquidation flush sparked a massive rally for the altcoin, which pushed it to $3.50. He added that this time around, the open interest is at the floor again, but the price is holding around $2.6. Related Reading: Crypto Analyst Maps Out The XRP Price Roadmap From $3 To $27 CryptosRus stated that this means that leverage is gone while the strong hands are still holding XRP. The analyst predicted that if new liquidity enters, this setup could signal the next leg up for the altcoin. He added that rallies usually start when leverage is low, spot demand is strong, and shorts are trapped. Notably, XRP has witnessed new demand with the launch of the largest XRP treasury company, Evernorth. The company has already accumulated up to $1 billion in XRP with Ripple’s backing and has revealed plans to continue accumulating more, using gains from its DeFi activities. Notably, the company stated that it will purchase XRP on the open market, which is expected to impact the altcoin’s price. Meanwhile, the SEC is expected to approve the spot XRP ETFs once the U.S. government shutdown ends. This could drive new liquidity into the altcoin, boosting its price. Moreover, experts such as Canary Capital’s CEO Steven McClurg have predicted that the XRP ETFs could see more inflows in their first month than the Ethereum ETFs did. XRP Is Gearing Up For A ‘Face Melting’ Rally Crypto analyst Ether stated that XRP is quietly gearing up to melt faces and that most aren’t even aware or ready for what is coming. This came as the analyst alluded to an earlier analysis, in which he revealed that a similar scenario from a previous cycle was playing out for the altcoin. Related Reading: Why This Crypto Analyst Now Believes XRP Price At $21 Is No Longer A Dream Ethere stated that XRP’s cyclical structure is showing a striking similarity again. After the altcoin’s rally in 2017, its price was rejected from the 2013 all-time high (ATH) level and then retested the 2014 ATH level, which had previously acted as resistance. XRP then began its parabolic run after it accumulated strength in that range. Now, this same XRP price action is playing out again, according to Ether. He noted that after the strong surge in 2024, the altcoin’s price was rejected at the 2017 ATH level and retested the 2021 ATH level, which had previously acted as resistance. The analyst added that the power accumulation phase is now underway in this region and that once it is complete, the next parabolic run will be inevitable. At the time of writing, the XRP price is trading at around $2.63, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
According to market snapshots, Zcash rose about 30% in a 24-hour span, moving from roughly $272 to a peak near $355. The coin has been up more than 40% in the last week. The token’s gain outpaced all other top 50 coins by market cap during the same window. Volume spiked at the same time, showing traders piled in quickly after a single social post touched off the move. Related Reading: XRP: The Catalyst For ‘Humanity’s Greatest Shift’ By 2030 —Analyst Influencer Posts Spark Buying Based on reports on social media, the rally was partly driven by traders reacting to a bullish post from Arthur Hayes on X. Contributors on platforms like Binance Square flagged the post, and one user known as AB Kuai Dong said an endorsement by what he called a “legendary Silicon Valley investor” pushed people into the market. Vibe check $ZEC to $10k pic.twitter.com/tBc0WaxzZ1 — Arthur Hayes (@CryptoHayes) October 26, 2025 Another poster, Clemente, who is listed as a board member at treasury firm K9Strategy, said they joined the trade because they felt “so much FOMO I couldn’t keep myself sidelined.” These bursts of hype pushed more orders onto the books and helped lift the price in a short time. Past Calls Have Moved Markets Hayes has prompted market moves before. At a Tokyo conference in August 2025, he predicted Hyperliquid’s HYPE token could climb 126 times over three years. That call produced a modest market response then — roughly a 5% uptick for HYPE — but it showed how a single forecast from a well-known figure can sway trader behavior. Market participants say such calls sometimes lead to brief spikes and sometimes to longer trends. Follow-through, depth of liquidity, and general demand all matter. Privacy Tokens See Renewed Interest Reports have disclosed that Zcash rallied close to 500% over the last 30 days and crossed a $5 billion market cap on Sunday, according to CoinMarketCap data. At the same time, Monero, the largest privacy coin by market cap, ticked up about 3.2% to trade near $345 and remains restricted on many big exchanges, highlighting differences in access and regulatory pressure. Technical Indicators Show Choppy Momentum According to a recent Zcash price outlook, ZEC is forecast to rise about 52% and reach $558 by November 26, 2025. Current technical indicators are flagged Bullish, while the Fear & Greed Index sat at 51, a neutral reading. Related Reading: XRP Sparks Bullish Frenzy As Top Software Dev Says It Beats ETF Hype Over the past 30 days Zcash posted 19/30 green days, which is 63%, and showed 37% price volatility. Those numbers point to strong recent momentum but also to a bumpy ride. Some gains may hold if new buyers arrive and liquidity tightens; other gains could fade quickly if selling pressure appears. Based on reports and the data above, the Zcash move highlights how social signals can trigger rapid trading flows. The numbers are eye-catching. Still, traders and observers will be watching whether demand deepens or the rally is a short-lived reaction to hype. Featured image from Gemini, chart from TradingView
The aftermath of the October 10 flash crash continues to weigh on the cryptocurrency market, with major digital assets still showing signs of strain. Recent data from an on-chain analysis sheds light on one of the underlying factors behind the market struggle. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets Stablecoin Netflow In Downtrend — Analyst In a recent QuickTake post on CryptoQuant, a market analyst with the username CryptoOnchain reported an interesting change in stablecoin activity on the Binance exchange. This analysis is based on readings from the ‘Total Stablecoin Netflow On Binance (Last 60 Days) & 7-Day MA ‘ and shows potentially compelling implications for the general market. According to CryptoOnchain, the 7-day moving average of the combined stablecoin netflow (purple line) has decisively dipped beneath the ‘zero’ mark, marking a shift from sustained inflows to accelerating outflows. Crypto Onchain further explained that the downward trend seen in the stablecoin netflow chart has been reinforced by significant spikes in outflows occurring over the past two days. With neither of the two major categories excluded, this ‘capital flight’ involves stablecoins both on the TRC20 network (one of which is USDT), and those operating under the ERC20 network. Related Reading: Bitcoin Liquidity Hits Seven-Year Low As Accumulators Stack 373,700 BTC In A Month Market Outlook In The Short Term Generally, an increase in stablecoin netflow to exchange platforms reflects an increasing demand for cryptocurrencies, as stablecoins are mostly exchanged for other online assets. Therefore, the decrease in stablecoin netflow presently seen signals reduced interest in other risky assets and a growing inclination among market participants to exclude themselves from participating in a risky market environment. This pattern of capital exiting exchanges, especially after a major price correction, typically points to what the analyst termed “a weakening ‘buy the dip’ appetite.” If history is anything to go by, this could be an early sign that the crypto market is about to see an even more intense amount of bearish pressure, especially in the short term. As of this writing, Bitcoin, the world’s leading cryptocurrency, stands at a valuation of approximately $111,400, showing a slight price growth of 0.54% over the past day. Also showing a similarly minute appreciation over the past 24 hours is Ethereum, which is worth about $3,936. Meanwhile, the total stablecoin market cap remains valued at $319 billion following a 0.14% gain in the past day. Featured image from iStock, chart from Tradingview
Following speculation regarding a potential return, Changpeng Zhao, known as CZ, the co-founder and former CEO of Binance, has sparked discussions about the implications of his recent presidential pardon for the exchange’s operations in the United States. Will CZ Reclaim His CEO Position At Binance? Industry observers suggest that this major development for CZ and Binance as a whole could pave the way for Zhao to resume leadership roles and consolidate Binance’s US operations. According to Bloomberg, the company is exploring several options, including the possibility of integrating Binance.US into its global operations or having its global exchange enter the US market, as indicated by a source familiar with the matter. Related Reading: Binance Founder Suggests President Trump Could Be Satoshi Nakamoto In Latest Statement “This cycle is largely being driven by U.S. institutional investors and investment products, and that’s precisely where Binance can now shift its focus,” stated Markus Thielen, CEO of 10x Research. He added that the US affiliate will likely be reintegrated into Binance’s global ecosystem, providing US investors with direct access to the platform’s “deep liquidity and comprehensive derivatives offerings.” Attention is now focused on whether Zhao will attempt to reclaim the CEO role he previously stepped away from. In recent weeks, he updated his profile on social media platform X from “ex-Binance” to simply “@Binance,” a subtle change that has fueled speculation about his intentions. However, not everyone believes Zhao is eager to return as CEO. David Namdar, who manages a BNB treasury company backed by Zhao’s family office, commented, “I think he is operating with more of a weight off his shoulders not running the exchange. I’d be surprised if he stepped back into that role.” Industry Leaders Predict Increased Involvement Patrick Horsman, chief investment officer of digital asset treasury (DAT) firm Applied DNA Sciences, which invests in Binance Coin (BNB), emphasized that Binance’s technology, liquidity, and relatively low fees could position it as a dominant player in the American crypto market. However, Bloomberg highlights that the pardon may not only enhance Zhao’s personal prospects but also unlock new opportunities for Binance’s global expansion. Related Reading: Bitcoin Price Update: Key Drivers That May Keep The Bull Run Alive Until Q2 2026 Notably, the firm holds minority stakes in affiliates throughout Asia, including Thailand and Malaysia, where regulatory frameworks impose ownership suitability tests on major shareholders. “A criminal conviction can pose a barrier for any individual seeking a beneficial ownership stake in a regulated or listed company,” explained Chris Holland, a partner at HM, a consulting firm based in Singapore. Cosmo Jiang, general partner at Pantera, anticipates that Zhao will become “more involved with Binance’s operations” now that he has received a pardon. “Whenever a founder returns to a company, it’s always an invigorating moment; you typically see more growth and better execution,” he noted. Featured image from DALL-E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BNB has seen a 5.5% price jump following the White House announcement that Binance co-founder has been pardoned by US President Donald Trump, leading some analysts to suggest that a new leg up might be around the corner. Related Reading: Crypto Market Records ‘Particularly Robust’ Q3 Performance With 16% Active Trader Growth – Report US President Grants Pardon To Binance Founder On Thursday, the White House revealed that US President Donald Trump had pardoned Binance co-founder and former CEO Changpeng Zhao, also known as CZ, two years after pleading guilty. In an official statement, the White House’s press secretary, Karoline Leavitt, said that the US President “exercised his constitutional authority by issuing a pardon for Mr. Zhao, who was prosecuted by the Biden Administration in their war on cryptocurrency.” Leavitt stated that “In their desire to punish the cryptocurrency industry, the Biden Administration pursued Mr. Zhao despite no allegations of fraud or identifiable victims.” In 2023, Zhao pleaded guilty to Anti-Money Laundering (AML) violations while being the CEO of Binance. As part of his plea deal, he stepped down from his position in the crypto exchange and served a four-month prison sentence last year. Additionally, Binance reached a $4.3 billion settlement with the Department of Justice (DOJ). The White House press secretary affirmed that “these actions by the Biden Administration severely damaged the United States’ reputation as a global leader in technology and innovation,” declaring that “the Biden Administration’s war on crypto is over.” Notably, there have been rumors that President Trump could grant a pardon to Zhao after January’s pardon of Silk Road founder Ross Ulbricht. In March, the Wall Street Journal reported that Zhao allegedly had been “pushing” a Binance US deal for a pardon since 2024. However, he quickly denied these claims. In an X post, CZ thanked the Trump Administration, stating that he is “deeply grateful” for the long-awaited pardon and “to President Trump for upholding America’s commitment to fairness, innovation, and justice.” The Binance co-founder also pledged to “do everything we can to help make America the Capital of Crypto.” CZ Pardon Pushes BNB To $1,100 Following the news, BNB saw a 5.5% jump to reclaim the $1,100 mark. The cryptocurrency has recorded a massive rally over the past few months, reaching a new all-time high (ATH) of $1,375 nearly two weeks ago. Altcoin Sherpa highlighted the altcoin’s price action amid the recent market performance. However, he expressed doubt about whether BNB will “continue being the strongest major or not,” at least in the short term. He suggested that Solana (SOL) could have a better performance in the coming weeks, arguing that “both ETH and BNB had incredible runs previously and probably need more time to chill out.” Related Reading: Fetch.AI CEO Offers Reward To ‘Uncover’ Ocean Protocol’s Alleged $120M FET Dump Since last Friday’s correction, BNB has been trading within the $1,050-$1,125 range, failing to break out of the upper level for the past six days. Analyst Open4Profit noted that if the altcoin reclaims the range’s resistance, the price could rally toward its ATH levels and continue its price discovery uptrend toward the $1,500 target. Market watcher CW pointed out that BNB has two key sell walls ahead, one at the $1,180-$1,190 area and another between the $1,200-$1,220 mark, suggesting that the altcoin could face resistance around these levels if the price breaks out. As of this writing, BNB is trading at $1,116, a 10.5% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
It's still a long shot that FTX's Sam Bankman-Fried will be pardoned, but odds have spiked as Binance's Changpeng Zhao has its criminal record deleted.
On Thursday, President Donald Trump issued a pardon for the former Binance CEO, who previously served four months in prison.
The Bitcoin supply in profit has seen a sharp decline amid the latest crypto market crash. This has raised concerns that BTC could suffer a further crash, as holders who are in the red may move to offload their coins. Bitcoin Supply In Profit Drops Amid Market Crash On-chain analytics platform Glassnode revealed in a report that the Bitcoin supply in profit has historically dropped to around 85%, with 15% of the supply sitting at a loss. This has occurred whenever the BTC price breaks down from a new all-time high (ATH) and trades around the short-term holders’ cost basis, as is happening now. Related Reading: Is The Bitcoin Supercycle Still In Play? Wave 3 Tells A Story Of A Surge Glassnode noted that this marks a pivotal phase for Bitcoin, as this is where the market tests the conviction of investors who had bought near recent highs. This pattern is said to be playing out for the third time in this current cycle. The on-chain analytics platform warned that if BTC fails to recover above the $113,100 range, a deeper contraction could send a larger share of the Bitcoin supply into loss. Glassnode further stated that this deeper contraction could amplify the stress among recent Bitcoin buyers, which could set the stage for a broader capitulation across the market. The platform also alluded to the Supply Quantile Cost Basis to explain why it is essential for BTC to reclaim the short-term holders’ cost basis above $113,000. Bitcoin is said to be struggling to hold above the 0.85 quantile at $108,600. Failure to hold this has historically indicated structural market weakness and often preceded deeper corrections toward the 0.75 quantile, which now aligns near $97,500. This puts BTC at risk of dropping below $100,000 for the first time since May. A Longer Consolidation Phase May Be Necessary Glassnode stated that from a macro perspective, the repeated demand exhaustion suggests that Bitcoin may require a longer consolidation phase to rebuild strength. This exhaustion is said to be clearer with the Long-Term Holder Spend Volume. These long-term holders have increased their spending with the 30D-SMA rising from the 10,000 BTC baseline to over 22,000 BTC daily since the market peak in July. Related Reading: Is Bitcoin About To See A Repeat Of 2020-2021? What Happened After The Last Flash Crash Glassnode noted that such persistent distribution indicates profit-taking from seasoned investors, which has contributed to the current Bitcoin weakness. Bitcoin OGs have continued to offload their coins at an unprecedented rate, putting significant selling pressure on BTC. Onchain Lens recently revealed that a particular whale moved 3,003 BTC to Binance, likely in a bid to sell, while also shorting BTC with a position worth $227 million. At the time of writing, the Bitcoin price is trading at around $108,800, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com
Binance founder Changpeng Zhao confirmed in an Oct. 23 post on X that he has received a pardon from US President Donald Trump. He said: “Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. Will do everything we can to help make America the Capital of Crypto […]
The post Trump tariff short trader who made $200M correctly predicts Binance’s CZ pardon appeared first on CryptoSlate.
The pardon could ripple through the crypto market, where Zhao remains an influential figure and Binance still dominates global trading.
U.S. President Donald Trump pardoned Binance founder Changpeng Zhao months after he said he'd asked for a pardon.
The tokens raise similar concerns to stablecoins, with potential risks around delivery, long-term reliability and the ability to redeem for physical gold.
As Bitcoin (BTC) continues to trade in the high $100,000 range following the October 9 crypto market crash, some bullish signs are starting to emerge. Notably, stablecoin reserves on leading crypto exchanges like Binance are entering all-time high (ATH) territory, hinting at a potential rally for BTC. Stablecoin Reserves Rise – Will Bitcoin Benefit? According to a CryptoQuant Quicktake post by contributor PelinayPA, Binance stablecoin reserves are approaching ATH levels, indicating that investors are ready to deploy funds to accumulate BTC at current or lower levels. Related Reading: Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze? The CryptoQuant analyst highlighted the rapidly falling Bitcoin-Stablecoin Ratio (ESR). For the uninitiated, the ESR measures the proportion of Bitcoin reserves to stablecoin reserves on exchanges like Binance. The ratio also gives hints about the market’s potential buying power and selling pressure. Past data shows that whenever the ESR falls sharply during market volatility, BTC’s price tends to surge. Essentially, a declining ESR means that stablecoin reserves are growing in comparison to BTC reserves on exchanges. This shows an increase in available “dry powder” on exchanges, which can quickly be used to buy more BTC and initiate another bull rally. Conversely, when the ESR rises, it means that stablecoin reserves are falling while BTC supply on exchanges is increasing. This points toward an increase in short-term selling pressure as traders deposit BTC to exchanges to sell. Currently, the ESR has fallen to historically low levels, implying that Binance holds relatively large stablecoin reserves compared to BTC reserves. According to PelinayPA, such a setup can have two interpretations: In a positive scenario, the abundance of stablecoins suggests significant latent buying power. If market confidence returns, this could trigger a strong wave of buying pressure and mark the start of a new bullish phase. Meanwhile, the negative scenario assumes that this liquidity would remain inactive, reflecting investor hesitation and a market in standby mode after the recent bloodbath that resulted in liquidations worth $19 billion. Will The Gold Rotation Help BTC? Following the crypto market crash earlier this month, which sent BTC from an ATH of more than $126,000 all the way down to $102,000, several whales faced liquidations. Despite the crash, some analysts are confident that the BTC top is not in yet. Related Reading: Bitcoin Whales Are Back: Three Indicators Suggest A Run Toward $130,000 One of the factors that can significantly benefit BTC in the near term is the capital rotation from gold to the digital asset. In a new report, Bitwise predicted that capital rotation from gold into BTC could propel it to $242,000. That said, veteran trader Peter Brandt recently forecasted that BTC could crash 50% from current price levels. At press time, BTC trades at $108,268, down 0.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The CEO of Fetch.AI (FET) has offered a reward to uncover Ocean Protocol’s move after the project was accused of liquidating millions of tokens, affecting the FET’s price and its holders. Related Reading: Bitcoin (BTC) Price Eyes $114,000 Retest Amid Bounce, But Analyst Suggests Caution Fetch.AI Vs Ocean Protocol Feud On Tuesday, Humayun Sheikh, CEO of Fetch.AI, offered a bounty $250,000 to anyone who could “uncover the OceanDAO signatories and their connections to Ocean Foundation.” The post followed last week’s allegations that Ocean Protocol had dumped hundreds of millions of FET tokens into crypto exchanges earlier this year. For context, crypto AI projects Fetch.AI, Ocean Protocol (OCEAN), and SingularityNET (AGIX) merged into the Artificial Superintelligence (ASI) Alliance in mid-2024, combining their tokens under a shared FET framework. Over a year later, Ocean Protocol Foundation announced its departure from the alliance, sharing on October 9 that it had resigned as a member of the ASI Alliance, “effective immediately.” Last week, Fetch.AI’s CEO affirmed that the Ocean Protocol Foundation had swapped 661.2 million OCEAN tokens minted in 2023 for 286.4 million FET this July, suggesting that the protocol had been moving and liquidating them for the past three months. Sheikh noted that “Ocean as stand alone project did this it would be classed as a rug pull,” later vowing to personally fund three or more class action lawsuits in different jurisdictions. “If you are or were a holder of $fet and have lost money during this Ocean action be ready with your evidence. (…) I will be setting up a channel for all to submit your claims,” he wrote. Ocean Protocol called the accusations “unfounded claims and harmful rumors,” affirming that their team was “preparing responses to the various unfounded claims and allegations while respecting the ambits of the law.” At the time of writing, the protocol’s official X account has not published a response. Did Ocean Dump $120M Worth Of FET? Data analytics platform Bubblemaps shared a timeline of the Ocean Protocol moves, highlighting that despite the merger, the protocol kept a large amount of OCEAN tokens in its wallets for alleged “community incentives” and “data farming.” According to Bubblemaps’ analysis, Ocean Protocol’s team wallet (0x4D9B) converted 661 million OCEAN into 286 million FET, worth $191 million on July 1, and later sent 90 million FET to an OTC provider, GSR Markets. On August 31, the team wallet split the remaining 196 million FET across 30 new addresses. By October 14, most of these addresses had sent the funds to Binance or the OTC provider. Bubblemaps estimated that around 160 million tokens were sent to Binance, while 109 million FET were transferred to GSR Markets. In total, approximately 270 million tokens, valued at around $120 million, were reportedly transferred and potentially liquidated. “We can’t confirm whether the $FET tokens were sold by Ocean Protocol, although such transfers are typically associated with liquidation,” the platform noted, adding that on-chain activity only shows a multisig wallet linked to the protocol swapped millions of OCEAN tokens for FET, and sent them to Binance and GSR. FET’s Price Sees Sharp Decline Analyst Cryptor pointed out that the feud has triggered uncertainty surrounding the projects. He noted that the FET’s Top PnL Leaderboard doesn’t look good, as “almost everyone over the past 30 days has fully exited their positions.” Additionally, Smart Money Flows have been declining for nearly a year, alongside the price, which has retraced over 92.6% from its $3.45 all-time high (ATH). Related Reading: Pundit Outlines The Possibility Of The XRP Price Getting To $1,000 The analyst asserted that “you want segments like Top PnL traders, Smart Money, and funds to stay onboard because they set the tone for market behavior. (…) The data shows hesitation and capital leaving, which is to me a clear sign that confidence hasn’t returned. Price might hold temporarily, but without their participation, volatility rises quickly.” As of this writing, FET trades at $0.25, an 8.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com