Thursday's net outflows reflect rising investor risk aversion due to macroeconomic pressures, one analyst said.
The tone in risk markets soured again overnight as traders rotated back to stablecoins, avoiding bitcoin and smaller tokens ahead of key Federal Reserve and geopolitical catalysts.
Futures tied to the S&P 500 continue to signal risk-off, bolstering haven demand for bonds.
An analyst has pointed out how Dogecoin could see a strong surge if the support level of this technical analysis (TA) pattern holds. Dogecoin Is Retesting The Support Line Of An Ascending Channel In a new post on X, analyst Ali Martinez has shared a pattern forming in Dogecoin’s 12-hour price chart. The pattern in question is an Ascending Channel from TA, a type of Parallel Channel. Related Reading: Newbie Bitcoin Whales Now Control 44% Of Realized Cap, Highest Ever Parallel Channels form whenever an asset’s price observes consolidation between two parallel trendlines. The upper line of the pattern provides resistance, while the lower one acts as support. When these trendlines are sloped upward, the Parallel Channel is known as an Ascending Channel. As the asset moves through this channel, its price observes some net growth. Either trendline not holding up can naturally result in a breakout in that direction. This means that a surge above the channel can be a bullish signal, while a drop under it a bearish one. Like the Ascending Channel, there is also a Parallel Channel known as the Descending Channel, emerging when the price witnesses net consolidation to a downside. Now, here is the chart shared by Martinez that shows the Ascending Channel that the 12-hour price of Dogecoin has been moving inside for the past few months: As displayed in the above graph, Dogecoin retested the upper level of the Ascending Channel in September and it ended up finding rejection. Since then, the memecoin has plummeted back toward the lower level situated around $0.19. “$0.19 is mission-critical for DOGE,” noted the analyst. As mentioned before, breakdown of an Ascending Channel support level can signal a bearish continuation. In the event that the support level does end up holding, Dogecoin could see a rebound. Martinez has said that the next stop for the memecoin in this scenario could be $0.33, corresponding to the resistance level of the Ascending Channel. It now remains to be seen how the DOGE price will develop in the coming days. Related Reading: Bitcoin Retests STH Cost Basis Again: Is This Where Support Flips? Earlier, the analyst also shared a chart for another altcoin trading inside a Parallel Channel: XRP. In this case, the 12-hour price of the cryptocurrency is following a Parallel Channel with trendlines parallel to the time-axis. From the graph, it’s visible that XRP has been plunging inside the channel recently and could be heading toward a retest of the lower level, which is situated at $2. DOGE Price At the time of writing, Dogecoin is floating around $0.187, down 24% in the last seven days. Featured image from Dall-E, charts from TradingView.com
On October 16, Ripple CEO Brad Garlinghouse announced the company’s $1.25 billion acquisition of GTreasury, a leading global corporate treasury management firm. The deal aims to integrate Ripple’s blockchain-powered payment and settlement technology with GTreasury’s cash and liquidity management systems, enabling CFOs worldwide to manage stablecoins, tokenized deposits, and idle capital more efficiently. This move …
Coinbase CEO Brian Armstrong believes that in the next ten years, crypto will be widely used worldwide, but most people won’t even realize they’re using it. He envisions a future where blockchain technology becomes seamlessly integrated into everyday financial systems, powering apps and services behind the scenes. Armstrong’s outlook reflects his confidence in crypto’s mainstream …
On Thursday, 21Shares filed for a 2X HYPE ETF application with the US Securities and Exchange Commission (SEC). The proposed product is designed to double investors’ daily exposure to the Hyperliquid Index, a decentralized platform. 21Shares HYPE ETF Filing According to the 21Shares 2X Long HYPE ETF filing, the fund seeks to deliver 200% of …
On October 16, US spot Bitcoin ETFs withdrew $536.44 million, marking their second consecutive day of outflows, with none of the twelve ETFs experiencing a net inflow. According to SoSoValue, Ethereum ETFs saw $56.88 million in outflows. Bitcoin ETF Breakdown Bitcoin ETFs recorded a total net outflow of $536.44 million, with Ark &21Shares ARKB leading …
In the past week, the Official Trump token price has faced a steep, relentless decline. It is down 21% over seven days and falling another 1.65% in just 24 hours. Today, TRUMP trades at $5.96, a figure that not only marks its lowest close since late September but also signals deepening bearish sentiment across the …
October 17, 2025 07:07:52 UTC Ripple Acquires GTreasury to Revolutionize Corporate Treasury Ripple has announced the acquisition of treasury management leader GTreasury, merging enterprise crypto solutions with over 40 years of GTreasury expertise. The move immediately opens the multi-trillion-dollar corporate treasury market, offering companies new ways to manage capital. With this integration, CFOs and treasurers …
Decentralized exchange Uniswap has integrated with Jupiter’s Ultra API, making over a million Solana tokens available on its web app.
The largest daily redemption since August reflects shifting sentiment after a record-breaking summer for ETF inflows and a growing link between macro risk, derivatives positioning, and bitcoin price action.
Ripple Labs is already a significant XRP holder, with its market report from earlier this year revealing it had 4.5 billion tokens in its stash, with another 37 billion locked in escrow.
Traders are watching the $2.31–$2.35 support zone and $2.47 resistance for signs of market direction.
BitMine’s Tom Lee says that Ethereum will eventually flip Bitcoin’s market cap, despite being almost five times smaller currently.
Investment giant VanEck has filed an S-1 registration with the U.S. SEC to launch a new ETF tracking Lido Staked Ethereum (stETH). The proposed fund aims to offer investors regulated exposure to stETH, a popular liquid staking token linked to Ethereum’s network. If approved, it would mark a major step in bringing staking-based crypto assets …
The new XRP-focused DAT would mirror the structures used by listed accumulators like Michael Saylor’s Strategy Inc. and Japan’s Metaplanet, both of which have seen their shares slide amid broader risk aversion.
Ripple has announced a $1 billion acquisition of GTreasury, a leading global treasury and liquidity management platform. The deal, pending regulatory approval, marks Ripple’s third major acquisition in 2025 and a bold step toward bridging traditional finance with blockchain technology. Ripple Bridges Blockchain With Global Business Ripple aims to combine its blockchain-based payment infrastructure and …
VanEck's Lido staked Ethereum ETF and 21Shares’ leveraged Hyperliquid fund were among the ETFs that reached the SEC's desk this week amid a government shutdown.
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Over According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? ETH funding rates fluctuating normally on Binance – despite the digital asset’s recent extraordinary price appreciation – implies that futures traders are not exhibiting greed or euphoria, typically associated with the mid-phase of a healthy uptrend. For example, during the 2021-22 bull cycle, ETH funding rates often surged to 0.1% to 0.2%, aligning with local market tops. At present, these funding rates are hovering around 0.01% to 0.03%, implying that the market has not reached overheated levels just yet. In addition, the absence of negative funding rates confirms a decline in short positioning, and elevated risk appetite among investors. The CryptoQuant analyst added: The overall trend remains upward. Low funding rates combined with strong price momentum suggest that the correction is likely complete. In the short term, minor profit-taking or sideways consolidation between $3,600–$3,800 would be natural. If funding rates gradually rise above 0.05%, it could signal overcrowded longs and trigger a short term pullback. The current combination of moderate levels of leverage and gradually rising spot demand hints toward a potential ETH rally, eyeing the $4,500 to $5,000 range in the long term. The price target could be even higher with a favorable derivatives structure and funding dynamics. That said, a sharp increase in funding rates could be seen as an early warning of another price pullback for the cryptocurrency. However, ETH’s market structure still supports a potential surge to $6,800 by the end of 2025, the analyst concluded. ETH Ready For New Highs? Several indicators point toward ETH looking to resume its bullish momentum. For instance, ETH’s Spent Output Profit Ratio (SOPR) trend recently hinted toward the digital asset rising to $5,000 in the near term. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest Further, ETH exchange reserves continue to tumble at a rapid pace. Recent exchange data shows that ETH reserves on exchanges have hit a multi-year low, raising the possibility of an impending “supply crunch” for the cryptocurrency. That said, there are several other factors that may fuel another sell-off in ETH, pushing its price again below $4,000. At press time, ETH trades at $4,053, up 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Investors are increasingly pouring money into non-productive gold, raising alarm for the global economy while BTC lags behind.
BNB price is consolidating losses below the $1,200 zone. The price is now facing hurdles near $1,250 and might start another decline in the near term. BNB price is correcting gains and traded below the $1,200 support zone. The price is now trading below $1,180 and the 100-hourly simple moving average. There is a short-term bearish trend line forming with resistance at $1,180 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $1,120 level to start another increase in the near term. BNB Price Dips Below Support After a steady increase, BNB price failed to clear the $1,375 zone. There was a downside correction below the $1,300 and $1,250 levels, like Ethereum and Bitcoin. The price even dipped below $1,200 and tested $1,125. A low was formed at $1,124, and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $1,375 swing high to the $1,124 low. The price is now trading below $1,180 and the 100-hourly simple moving average. Besides, there is a short-term bearish trend line forming with resistance at $1,180 on the hourly chart of the BNB/USD pair. On the upside, the price could face resistance near the $1,180 level. The next resistance sits near the $1,200 level. A clear move above the $1,200 zone could send the price higher. In the stated case, BNB price could test $1,250 and the 50% Fib retracement level of the downward move from the $1,375 swing high to the $1,124 low. A close above the $1,250 resistance might set the pace for a larger move toward the $1,320 resistance. Any more gains might call for a test of the $1,350 level in the near term. Another Decline? If BNB fails to clear the $1,200 resistance, it could start another decline. Initial support on the downside is near the $1,125 level. The next major support is near the $1,100 level. The main support sits at $1,065. If there is a downside break below the $1,065 support, the price could drop toward the $1,000 support. Any more losses could initiate a larger decline toward the $950 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $1,120 and $1,100. Major Resistance Levels – $1,200 and $1,250.
Ripple Labs is launching a major fundraising drive worth at least $1 billion to build a new digital asset treasury focused on accumulating XRP. The funds will be raised through a SPAC deal, with Ripple also adding some of its own XRP holdings to the treasury. This move aims to strengthen Ripple’s control over XRP …
South Korea has approved Binance’s acquisition of GOPAX, ending a two-year review and clearing the exchange to re-enter the Korean market.
This aims to address fragmentation in DeFi especially between Solana and Ethereum ecosystems, Uniswap noted.
Bitfarms has increased the size of its convertible notes offering to $500M from $300M announced a day earlier.
A Coinbase-linked wallet sent 140,033,123 Shiba Inu tokens to a burn address on October 15, removing those coins from circulation in a single on-chain move. According to records published by community burn tracker Shibburn, the wallet that carried out the transfer was newly created and had only that one visible SHIB transaction. Related Reading: Dogecoin Sheds 25% As $57M Flees Market — Can The Memecoin Recover? Etherscan data shows the address was funded by a wallet tied to Coinbase, and it currently holds 0.002 ETH, worth roughly $9. Largest Single Burn In Months The 140 million SHIB moved on Wednesday stands out as the largest one-off burn in nearly three months. Reports show the last big single send happened on July 28, when an anonymous actor destroyed 600 million SHIB. Since that July event, most individual burns stayed below 100 million until this Coinbase-linked transfer. ???????? 140,033,123 $SHIB -> transferred to dead wallet. https://t.co/EzSFusbkZa — Shibburn (@shibburn) October 15, 2025 Daily Burn Rate Jumps Based on reports from Shibburn, nine transactions that day totaled about 140 million SHIB destroyed, pushing the daily burn figure up by 222%. The tracker’s data also records a cumulative 410 trillion SHIB that have been sent to dead addresses over time. Ethereum co-founder Vitalik Buterin’s past transfers of around 410 trillion SHIB to a burn contract remain the largest single move toward deflation on record. Supply Still Vast Shiba Inu’s total supply remains enormous at roughly 589 trillion tokens. That scale means even large-sounding burns have only a tiny impact on the overall available supply. Market watchers point out that unless burn activity becomes sustained and much larger in scale, the supply math will not shift meaningfully. Wallet Details And Transparency Etherscan shows the burner address executed only that one outgoing SHIB transfer and nothing else. The funding trace to a Coinbase-associated wallet suggests a user on the exchange initiated the action, but the identity behind the address has not been disclosed. The post-burn balance for SHIB is zero, and the tiny ETH holding left behind makes the move appear deliberate and final. Price Action And Technical Levels Even after the large token send to the burn address, SHIB barely moved — it was trading around $0.00001049 when the burn happened, and it slipped only 0.15% over the prior 24 hours. The bigger picture hasn’t changed: roughly 589 trillion SHIB remain in circulation, so even headline-grabbing burns make only a tiny dent. This latest action is part of a string of deflation efforts, including Shibarium Layer-2 burns handled through Bone ShibaSwap, which together have removed billions of SHIB from circulation. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!” Market Impact Remains Limited This event looks significant in headline terms but small when compared with the huge SHIB supply. The transfer adds to an ongoing narrative of community-led burns that keep holders engaged, yet it is unlikely to change the market trend on its own. Traders and observers will watch whether similar, larger burns follow, or if this remains a one-off action tied to a single Coinbase-funded address. Featured image from Unsplash, chart from TradingView
On October 10, the crypto market experienced its largest liquidation event in history, prompting experts like MartyParty to predict a surge in lawsuits and class action claims against what he describes as “market manipulators.” Expert Claims Manipulation Led To October 10 Crypto Crash The aftermath of this crash has seen Bitcoin (BTC) and other major cryptocurrencies continue their downward trend this week, with BTC recently falling below the critical $110,000 threshold. Ethereum (ETH), XRP, and Binance Coin (BNB), the largest altcoins, recorded losses of 10%, 17%, and 7%, respectively, in the weekly time frame. The events of October 10 led to total crypto liquidations exceeding $20 billion, with an alarming 208,864 traders liquidated in just the past 24 hours, amounting to approximately $691.63 million in losses as a result of the ongoing correction. Related Reading: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds In a social media post on X (formerly Twitter), MartyParty warned that the ramifications of this event would include lawsuits targeting the alleged manipulators behind the crash. He criticized the centralized exchange (CEX) systems, stating: The manipulators cleared all the longs to 1.8x illegally. This had nothing to do with crypto. This is centralized exchange and casino systems that are opaque and easily manipulated with no regulation. Despite the turmoil, MartyParty expressed some optimism, noting that the crypto liquidations have cleared out long positions, which he believes could pave the way for future price increases. He also added that those responsible for this alleged manipulation would face scrutiny, predicting that this incident could evolve into one of the most significant fraud cases in financial history. Binance’s Role Adding to the concerns, another expert, Crypto Emre, highlighted the ease with which crashes can be orchestrated on platforms like Binance. He explained that the tokens visible in a user’s wallet are essentially held in Binance’s wallets behind the scenes. Emre asserts that the exchange can open short positions on multiple trading pairs simultaneously using private trading bots, which can then quickly sell the tokens held by users. Related Reading: Hyperliquid Vs Binance: Founders Clash Over Liquidation Transparency After closing the short positions at a lower price, the expert alleges that the exchange replaces the sold tokens with their own at a significantly reduced cost. Emre argued that as long as Binance remains operational, the potential for such manipulation will hinder the emergence of a robust crypto bull market. As the dust settles from the October 10 crypto crash, it remains uncertain whether regulatory bodies or individuals will take action against these alleged practices in the near future, as predicted by MartyParty. Featured image from DALL-E, chart from TradingView.com
XRP price started a fresh decline below $2.50. The price is now showing bearish signs and might extend losses below $2.280. XRP price is moving lower below the $2.40 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2.40 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if it clears the $2.50 resistance. XRP Price Dips Further XRP price remained below the $2.60 barrier and started a fresh decline, like Bitcoin and Ethereum. The price dipped below $2.420 and $2.40 to enter a short-term bearish zone. The price even spiked below $2.30. A low was formed at $2.287, and the price is now consolidating losses. There was a minor recovery, and the price tested the 23.6% Fib retracement level of the recent decline from the $2.647 swing high to the $2.287 low. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. Besides, there is a key bearish trend line forming with resistance at $2.40 on the hourly chart of the XRP/USD pair. If there is a fresh upward move, the price might face resistance near the $2.40 level and the trend line. The first major resistance is near the $2.450 level, above which the price could rise and test the 50% Fib retracement level of the recent decline from the $2.647 swing high to the $2.287 low at $2.467. A clear move above the $2.4670 resistance might send the price toward the $2.50 resistance. Any more gains might send the price toward the $2.550 resistance. The next major hurdle for the bulls might be near $2.60. Another Drop? If XRP fails to clear the $2.40 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.30 level. The next major support is near the $2.280 level. If there is a downside break and a close below the $2.280 level, the price might continue to decline toward $2.250. The next major support sits near the $2.220 zone, below which the price could continue lower toward $2.120. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $2.30 and $2.280. Major Resistance Levels – $2.40 and $2.450.
It’s estimated that over 3 million people in Ghana, representing roughly 8.9% of the country’s 34 million population, use crypto in some form.