Despite a comparably muted October, bitcoin’s steady performance near $110,000 and signs of Fed easing have analysts calling for a breakout.
Paxos Trust Company has made history by temporarily minting the entire global debt on the Ethereum (ETH) network. On Wednesday, during the mid-North American session, Paxos minted $300 trillion in PayPal USD (PYUSD) before burning them within an hour. The incident stirred up the crypto investors for a few minutes since PYUSD is backed by …
The recent market-wide crash that sent the XRP price tumbling to $1.2 before an immediate rebound has left traders wondering whether the worst is over. Crypto analyst Steph, in a detailed technical analysis shared on X, noted that the latest move could be an important turning point for XRP. Although his outlook acknowledges the possibility of recovery, his deeper analysis of XRP’s chart history and key indicators paints a mixed picture of what lies ahead for the cryptocurrency. Bearish RSI Divergence Echoes 2021 Price Collapse According to Steph, XRP’s current structure on the weekly timeframe closely mirrors the 2020 to 2021 cycle that led to a 74% correction. The analyst highlighted a bearish RSI divergence where the price forms higher highs while the RSI forms lower highs, indicating that buying momentum is fading even as prices attempt to climb. Related Reading: Can XRP Replicate The BNB Price Rise To $1,300 ATH? Analyst Shows The Odds In his view, this pattern has always indicated exhaustion in bullish strength and the beginning of corrections. Steph drew comparisons to late 2024, up until July 2025, when XRP’s weekly RSI was declining despite rising prices. This setup has now triggered the most recent 65% correction that reached a bottom over the weekend. He noted that the correction, which started around July 14, has lasted more than 80 days, similar to the duration of the 2021 correction. Based on this, XRP could be nearing the end of its corrective phase before a rebound if history repeats itself. Steph acknowledged that the crypto market’s recent crash was heavily influenced by macroeconomic factors, including the US president’s announcement of a 130% tariff on Chinese imports, effective November 1. This shock, combined with leveraged positions across the market, led to the deepest liquidation wicks ever recorded for XRP. Nonetheless, the analyst believes that XRP has flushed out excessive leverage and cleared liquidity zones around $2.25, and this has set the stage for a possible rebound to higher liquidity targets and new all-time highs above $4. However, sustained bullish momentum from here depends on reclaiming other important price levels. XRP Price Levels To Watch Before Calling A Bottom Despite the bullish prediction, it is important to note that XRP is still at a technical crossroads that can either be bullish or bearish. The price has fallen below its range between $2.65 and $2.84, which had served as support for months. Therefore, reclaiming at least $2.65 on the weekly close is essential to confirm that the bottom is in and that the recovery phase has begun. Related Reading: Analyst Urges All XRP Investors To Pay Attention To This Connection No One Has Made Before In his video, crypto analyst Steph also talked about the importance of the 50-week simple moving average (SMA), which is currently around $2.45. Closing below this line has marked the start of bear markets for XRP. If we see one or two weekly closes below $2.40, then that’s a signal to exit crypto. The bullish prediction, one that could even lead XRP to new all-time highs, depends on if it manages a weekly close above $2.4, breaks above $2.65 and its 50-week SMA, and sustains buying strength. At the time of writing, XRP is trading at $2.52, up by 2.6% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com
Hyperliquid’s HIP-3 opens perpetual futures listing to anyone willing to stake $20 million. The question isn’t whether this democratizes the DeFi, but whether the safeguards can handle what comes next. Hyperliquid launched HIP-3 on mainnet in October 2025, introducing a model where any builder can deploy perpetual futures markets without committee approval. Deployers must stake 500,000 […]
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Currency inflation and macroeconomic uncertainty are driving the price of gold, Bitcoin and similar assets to new levels.
Zeta looks to raise $230 million worth of BTC and SolvBTC in an Oct. 16 private placement in exchange for ZNB stock and warrants.
Sony is making strides to enter the crypto banking sector through its financial arm, Sony Bank, as the Japanese group has recently submitted an application to US regulators for a national banking charter via its subsidiary, Connectia Trust. This move signifies Sony’s intent to engage in various cryptocurrency-related activities, which include the issuance of US dollar-backed stablecoins, maintaining reserves, and providing custody and fiduciary management services for digital assets to select clients. Sony Seeks OCC Approval For Crypto Banking License In its national banking charter filing with the Office of the Comptroller of the Currency (OCC), Sony emphasized that its proposed activities align with those already approved for other nationally chartered banks. Related Reading: Hyperliquid Holders Left In The Dark: Monad Protocol Faces Scrutiny Over MON Airdrop Should the application be granted, Sony would join a select group of firms, including Stripe, crypto exchange Coinbase (COIN), Paxos, and stablecoin issuer Circle (CRCL), all of which are also pursuing federal crypto banking licenses. Currently, Anchorage Digital Bank is the only entity to have received full approval. If Connectia Trust secures approval from the OCC, it could emerge as one of the first major tech-bank hybrids authorized to issue regulated stablecoins in the United States. Strengthening Digital Asset Presence This venture into the digital asset space is not Sony’s first. Earlier in 2025, the company collaborated with Startale Labs to introduce Soneiun, an Ethereum Layer-2 )L2) network tailored to enhance decentralized applications. Related Reading: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal Now, with Connectia Trust, Sony is poised to synergize its financial expertise with blockchain technology, thereby expanding its footprint in the global digital asset ecosystem. Featured image from DALL-E, chart from TradingView.com
A fat-finger mistake, or a hack? Crypto traders are confounded after $300 trillion worth of PayPal's PYUSD was minted and then burned.
Eric Trump says World Liberty Financial will tokenize global real estate, offering blockchain-based micro-shares to retail investors.
The post Eric Trump confirms real estate tokenization plans for World Liberty Financial: CoinDesk appeared first on Crypto Briefing.
Strong US demand for Bitcoin remains stable above $110,000, but revived long-held coins and surging derivatives point to turbulent days ahead.
The World Liberty Financial co-founder said in a CoinDesk TV interview he is currently working on tokenizing a real estate project tied to a building under development.
The bank, backed by some of Silicon Valley’s most prominent White House allies, now boasts a key advantage in the race to dominate the emerging U.S. stablecoin market.
Thumzup holds about 7.5 million DOGE in its treasury, as of Sept. 30, and backed DogeHash with a loan to grow its Dogecoin miner fleet.
Anton and James Peraire-Bueno appeared in court this week to address allegations involving a $25 million exploit on the Ethereum blockchain.
As dollar-pegged tokens like Tether’s USDT and Circle’s USDC continue to dominate, the EUROD joins a growing wave of euro-backed stablecoins entering the market.
Bitcoin and several altcoins are facing significant selling pressure on rallies, indicating that the bears are still trying to seize control of the market.
Bitcoin is facing a pivotal moment after last Friday’s flash crash briefly sent prices tumbling to the $103,000 level, shaking market confidence before a swift recovery. The leading cryptocurrency has since stabilized, consolidating below the $115,000 mark as traders and institutions reassess short-term momentum. While volatility has returned, on-chain and institutional data continue to show underlying strength in Bitcoin’s fundamentals. Related Reading: Bitcoin Handles $14B OI Drop As Spot Volume Surged To $44B: Controlled Reset? According to a new report from Bitwise, institutional demand remains robust — with 72 publicly known companies collectively holding more than 1 million BTC, valued at roughly $117 billion. This includes major corporate holders, ETFs, and investment funds that continue to view Bitcoin as a long-term strategic asset despite the market turbulence. This growing accumulation reinforces the idea that Bitcoin’s macro trend remains intact, driven by institutional adoption and long-term conviction. As the market digests recent volatility, the strength of these treasury positions could play a key role in stabilizing prices and setting the stage for Bitcoin’s next major move. Corporate Bitcoin Adoption Reaches Record Levels in Q3 The latest Bitwise report highlights a striking development in Bitcoin’s institutional landscape: 176,762 BTC were purchased during Q3 by publicly listed companies and funds. This steady growth in corporate treasuries underscores how Bitcoin continues to evolve from a speculative asset into a recognized component of the global financial ecosystem. At the forefront of this movement remains Strategy, which retains its position as the largest corporate holder with 640,031 BTC, equivalent to tens of billions in market value. The firm also added an impressive 40,000 BTC during the third quarter, demonstrating persistent conviction despite recent volatility. Other institutions and ETFs have followed suit, expanding their Bitcoin exposure as part of broader digital asset strategies aimed at hedging inflation, diversifying reserves, and participating in a new phase of global liquidity cycles. This expanding corporate adoption suggests that Bitcoin has entered a more mature and globally integrated phase. No longer seen solely as a speculative trade, it is increasingly recognized as a strategic asset within the balance sheets of financial institutions and multinational corporations. In essence, this trend reflects the institutionalization of Bitcoin—a movement that stabilizes demand, reinforces market confidence, and reduces the dominance of short-term retail speculation. As regulatory frameworks evolve and traditional finance converges with blockchain technology, Bitcoin’s presence in corporate treasuries could become as routine as holding cash or government bonds. Related Reading: Matrixport-Linked Wallets Pull 4,000 Bitcoin From Binance Within 20 Hours – Details Bitcoin Consolidates Below Key Resistance Amid Market Uncertainty Bitcoin continues to face pressure as it trades around $112,870, struggling to reclaim the critical $117,500 resistance zone highlighted in the chart. This level has acted as a key supply area over recent months, and each failed breakout attempt has reinforced it as a strong ceiling for the price. After the flash crash to $103,000 last week, BTC staged a moderate recovery but remains trapped between the 50-day moving average (blue) and the 200-day moving average (red)—a zone that often defines medium-term trend direction. Bulls have managed to protect the $110,000–$111,000 support area, but repeated tests of this range show weakening momentum and growing uncertainty. Related Reading: Binance Stablecoin Supply Surges To Record $42B: Liquidity Flows Back Into Markets The moving averages are currently flattening, suggesting market indecision. If Bitcoin fails to retake the $115,000–$117,500 range, further downside toward $108,000 or even $105,000 remains possible in the short term. Conversely, a successful daily close above $117,500 could confirm renewed bullish momentum and open the door for a move toward $122,000–$125,000. BTC appears to be in a consolidation phase, digesting recent volatility while traders wait for clearer direction. Institutional flows and on-chain signals will likely determine whether this zone becomes a base for recovery or the beginning of another leg lower. Featured image from ChatGPT, chart from TradingView.com
New York City Mayor Eric Adams just built a new power center for crypto inside City Hall. On Oct. 14, he signed Executive Order 57 and created the Office of Digital Assets and Blockchain Technology, a unit that sits in the Mayor’s Office, reports to the city CTO, and is led by Moises Rendon. City […]
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Sony Bank seeks a US OCC stablecoin charter to issue and manage digital assets, signaling its entry into regulated crypto markets.
The post Sony Bank files for OCC charter to issue and manage US stablecoins appeared first on Crypto Briefing.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The move aims to boost the price of the Nasdaq-listed stock to appeal to large mutual funds with “minimum stock price threshold limitations.”
A new study offers a simple pre-prompt that coaxes AI models to reveal multiple possible answers instead of just one—restoring the diversity lost through alignment training.
Polymarket has launched up/down equity and index markets in a new Finance hub weeks after its U.S.-cleared earnings markets debuted.
Bitcoin’s remaining October performance depends on Fed rate cut odds, BTC ETF inflows and the path major US stocks take.
Ripple CEO Brad Garlinghouse addressed one of the biggest points of confusion in the crypto space during DC Fintech Week. He explained that many people still mix Ripple, the company, with XRP, the digital asset. Ripple is a private company backed by venture capital and operates its own business, while XRP is an open-source technology …
Coinbase launched The Blue Carpet, then added BNB to its roadmap — an intent signal, not a guarantee — pending market-making support and technical readiness.
If you manage a Bitcoin treasury, now is the moment to shift from passive reserve to active participant in the Bitcoin economy, argues Voltage’s Bobby Shell.
The move marks the first time Coinbase signaled support for Binance’s flagship BNB token, coming amid scrutiny over exchange listing practices.
Coinbase's inclusion of BNB may enhance cross-chain interoperability and signal a shift towards more collaborative, compliant token listings.
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The crypto sector be thrown back into the throes of a hostile regulatory environment, Ripple CEO Brad Garlinghouse said Wednesday.