DeFi lenders are deleveraging but not retreating, with borrowing demand for majors like SOL and BTC staying firm and yields compressing across Maple and JitoSOL.
Asset management firm Franklin Templeton recently submitted an amended S-1 filing to the SEC for its pending spot XRP exchange-traded fund (ETF), the Franklin XRP Trust. The amendment, dated November 4, 2025, includes one key regulatory difference from earlier versions that would likely affect the approval process for the XRP ETF. What’s Different About Franklin Templeton’s New XRP ETF Filing ETF analyst James Seyffart shared the update on X (formerly Twitter), highlighting the removal of the 8(a) delay clause, which typically gives the SEC control over when a filing becomes effective. Usually, when an issuing firm files for an ETF, it includes what’s called a “delaying amendment.” This clause grants the SEC the authority to determine the exact time the filing takes effect. Franklin Templeton employed that standard wording in its earlier filings, including the initial submission on March 11, 2025, and a subsequent amendment on August 22, 2025. Related Reading: Bitcoin Supply In Profit Just Crashed To A New 2025 Low – What This Means For Price The latest filing, however, shortens that delaying condition. Instead, it states that the registration “shall hereafter become effective in accordance with the provisions of section 8(a) of the Securities Act of 1933.” Under this rule, the Franklin spot XRP ETF registration automatically becomes effective 20 days after filing, unless the SEC intervenes. The Franklin XRP Trust will primarily hold XRP as its primary asset and track the token’s market price, with Coinbase Custody managing asset storage and BNY Mellon overseeing cash holdings. The trust seeks a listing on the Cboe BZX Exchange, adopting a structure similar to other recently approved crypto ETFs. A Growing Trend Of Fast-Tracked Crypto ETF Filings Franklin Templeton’s update isn’t happening in isolation. Other asset managers, including Bitwise and Canary Funds, have also made similar changes to their S-1 filings for XRP ETFs in recent weeks, cutting back on the delay wording that typically allows the SEC to set the launch timeline. The growing series of S-1 changes demonstrates how these ETF issuers are reclaiming control over the timing of XRP ETF approvals. Journalist Eleanor Terrett highlighted this trend on X, noting that it has become more common since the US government shutdown in October. During that period, the SEC’s review process slowed, prompting many asset managers to use the timing rule to expedite their filings. Related Reading: Pundit Highlights Major Move For XRP And RLUSD, Will Price Follow? The issuing companies may also be using the same “fast-track” rule that helped other spot crypto ETFs such as Solana (SOL), Litecoin (LTC), and Hedera (HBAR) launch last month. By shortening the delay provision, Franklin Templeton’s XRP ETF now follows the same accelerated path and may receive approval before the end of November. While the SEC can still intervene, this change indicates that XRP ETF issuers are gaining more control over approval timing by adopting faster pathways, signaling that this time, things could indeed be different. Featured image created with Dall.E, chart from Tradingview.com
Tesla’s shareholder approval — with over 75% support — follows months of debate over Musk’s expanding influence across Tesla, xAI, SpaceX, and X (formerly Twitter).
What to Know: $XRP shows signs of potential recovery after a recent 10.26% decline. A breakout above the $2.35 resistance level could trigger a surge toward $2.54–$2.80. If the price dips below the critical $2.27 support, a deeper pullback to $2.13 could unfold. As $XRP positions itself for recovery, traders are setting their sights on new opportunities like Bitcoin Hyper ($HYPER). $HYPER tokens offer 45% staking rewards and a promising price forecast, with a potential high of $0.253 by 2030. All eyes are on $XRP at the moment as it experiences a price correction. While one of the market’s top cryptocurrencies has seen its value dip 10.26% over the past week, it remains a powerful contender in the altcoin space. But what does $XRP’s current movement mean for investors, and what could it signal for the future? Amidst XRP’s recent decline, there’s growing excitement about projects like Bitcoin Hyper ($HYPER), which is making waves in the crypto presale space. As XRP looks to recover, new opportunities in the market are presenting themselves, with Bitcoin Hyper offering a promising alternative to those looking for faster and more scalable solutions on the Bitcoin network. Let’s take a deeper dive into what might be ahead for both $XRP and the new kid on the block. $XRP: In a Dip But Poised for a Bounce-Back $XRP, currently priced at $2.22, has been facing downward pressure in the market, with its price declining 10.26% over the past week. Despite this, its market cap remains a whopping $133.75B, and the token’s liquidity continues to showcase its resilience. In addition, its NVT ratio is on a steady decline, which suggests that $XRP isn’t overbought, making it less vulnerable to further sharp declines. This puts it at an ideal position for recovery. Its STH-NUPL indicator also supports this potential for recovery, as each dip here has historically led to a bounce-back for $XRP. Looking at the price action, a breakout above the $2.35 resistance level could trigger a surge toward $2.54–$2.80. However, should the price dip below the critical $2.27 support, a deeper pullback to $2.13 could unfold, suggesting further caution. For those watching XRP’s next move, these technical indicators point toward a likely stabilization phase that could pave the way for a strong bullish reversal. This makes it an interesting time for investors keeping an eye on this altcoin’s potential. For investors looking to capitalize on potential altcoin movements, projects like Bitcoin Hyper offer a refreshing alternative that could complement a broader portfolio. Bitcoin Hyper: The Fastest Bitcoin Layer 2 Solution Bitcoin Hyper ($HYPER) is a Layer 2 solution designed to unlock fast and inexpensive Bitcoin transactions, positioning itself as a vital part of the Bitcoin ecosystem. Because the L2 will run on a Solana Virtual Machine, this will enable Solana-level speeds and low transaction costs in the Bitcoin ecosystem. Plus, it’ll feature a canonical bridge, which will allow $BTC holders to send their coin from the main Bitcoin network to the L2 and use it for various applications, such as staking and interacting with dApps. ???? To learn more about the project, you can check out our ‘What is Bitcoin Hyper?’ guide. As the presale continues, it’s hard to ignore the hype surrounding the project. With a price of $0.013235 per token and a presale that has already raised $26.1M, Bitcoin Hyper is tapping into a market that demands scalability and speed. A key selling point is the 45% staking rewards being offered to early investors, which shows the project’s commitment to rewarding its community. Furthermore, the whitepaper outlines Bitcoin Hyper’s future, positioning it as a key player in the next evolution of Bitcoin’s scalability and usability. Investors looking to diversify into a project that’s in the early stages but shows massive potential can join the official presale and purchase $HYPER tokens before the price rises. ???? Our Bitcoin Hyper buying guide provides you with step-by-step instructions on how to get $HYPER tokens. Why Now Is the Time for Early Investment With $HYPER’s potential to hit a high of $0.08625 by the end of 2026 based on our Bitcoin Hyper price prediction, there’s significant upside potential in the near term. By 2030, the token’s price could reach as high as $0.253, signaling massive growth for those who enter early. In the current market environment, where established tokens like $XRP are facing challenges, early investment in Bitcoin Hyper could be a smart strategy for those looking to ride the next wave of innovation in the crypto space. The presale ends soon, so be sure not to miss out on this opportunity to invest early in a game-changing crypto project. Join the Bitcoin Hyper presale today. Disclaimer: This article is for informational purposes only. Always do your own research (DYOR). Not financial advice. Authored by Aaron Walker, NewsBTC — www.newsbtc.com/news/xrp-rally-ride-the-hype-with-bitcoin-hype
Coinbase, one of the world’s largest cryptocurrency exchanges, has been fined €21.5 million by the Central Bank of Ireland for failing to properly monitor millions of customer transactions. The regulator said Coinbase’s European division did not screen over 30 million transactions between 2021 and 2022, worth more than €176 billion. Some of these transactions were …
Recent Sui price action tells a gripping story of resilience, sharp reversal, and caution. In the last 24 hours, SUI jumped 0.56% to $2.02 after plunging over 14% in the past week. The market cap nudged higher to $7.42 billion, with volume jumping 2.5% to $1.05 billion. This choppy stretch started with a pattern formation …
Thursday's inflows brought an end to a six-day streak of outflows, during which a total of $2.05 billion exited the ETFs.
What to Know: LBank maintains a decade-long zero-breach record, preventing $1.2B in losses in 2024 alone. The exchange has secured major partnerships with Ondo Finance and xStocks to bring tokenized US equities like Tesla to crypto users. LBank Labs has $100M+ in assets under management (AUM), backing early-stage AI, DeFi, and RWA projects that offer long-term potential. Czhang says the exchanges that survive will be the ones that balance trust, compliance, and innovation. LBank’s Partner and Head of LBank Labs, Czhang, has spent nearly a decade proving that consistency beats hype. Under his leadership, the exchange has maintained a perfect security record while scaling globally across both retail and institutional markets. Since its launch, LBank has grown into one of the most trusted names in global trading. The exchange has operated without a single security breach for a full decade. In 2024 alone, LBank prevented more than $1.2B in potential security threats. LBank serves more than 20M registered users, and records over $10.5B in daily volume. Managing over $100M in assets through LBank Labs, Czhang puts all his focus on projects that offer long-term value and sustainability. In an exclusive interview, he detailed how the future of crypto exchanges balances on trust, compliance, and their ability to innovate alongside the market shifts. As Czhang puts it, the exchanges that survive are the ones that ‘can protect their foundation while exploring new possibilities, providing real value to users.’ As AI transforms trading and real-world assets move on-chain, LBank’s steady approach offers a glimpse of what sustainable growth in crypto looks like. The Logic of Long-Term Crypto Investing Czhang’s entry into crypto in 2017 marked a clean move away from traditional finance. He was drawn in by the structure, the idea that blockchain could become the new financial architecture. After leading investments in more than 100 Web3 projects, he learned that success rarely depends on the technology alone. Teams must be able to adapt quickly and execute to outlast those with a weaker focus. He puts it: ‘Many times, even a project with cutting-edge technology and an attractive concept can fail if the team lacks the ability to respond quickly to changes, isn’t cohesive, or cannot navigate regulatory and market shifts effectively.’ That belief has shaped how LBank Labs deploys its $100M fund today. The team backs founders who can build through bear markets and turn their ideas into sustainable ecosystems. As he likes to remind new founders, quoting Sun Tzu, there’s ‘opportunity in chaos.’ Security as a Culture: LBank’s Zero-Incident Record Security has become a defining feature of LBank. In an industry tarnished by hacks and exploits, the exchange has thrived for 10 years without a single breach. A record possible due to proactive defense and constant improvement. AI-driven monitoring helps to detect irregular activity in real time, while multi-layered protection covers everything from custody systems to user interfaces. LBank’s partnerships with CertiK Skynet and Elliptic have added automated audits, live risk detection, Anti-Money Laundering (AML), and Know Your Transaction (KYT) screening for added compliance. In 2024 alone, these systems helped prevent more than $1.2B in potential losses. With transparency and risk control embedded into its culture, LBank has managed to turn security from an operational cost into a lasting trust advantage over its competitors. Tokenized Stocks & Global Access Thanks to major partnerships with Ondo Finance and xStocks, LBank has brought traditional markets to Web3, offering users tokenized US equities on-chain. You can now buy fractional shares of companies like Tesla or Strategy directly on the LBank platform. This 24/7 accessibility overcomes the geographic and regulatory hurdles many users face. To help showcase the product, LBank has launched a $120K Tokenized Stock Contract Competition. This gives users a hands-on way to experience the new product while earning a share of rewards based on trading volume. Inside LBank’s AI Push: From Smarter Trading to Safer Markets LBank has long been closely following the AI sector. During the recent surge of the X402 trend, LBank has premiere listed several AI-related tokens, many of which achieved impressive growth. Notably, PAYAI soared by 875%, while PING reached a remarkable 989% increase. The exchange was one of the first to list top AI-related assets like $GOAT and $VIRTUAL in 2024, followed by $X402, $PAYAI, and $SORA in 2025. Behind the scenes, LBank is using AI to analyze on-chain activity, order books, and even social sentiment to predict market shifts and optimize its liquidity. Czhang explains: ‘By predicting price fluctuations and identifying abnormal trading behaviors, AI can alert potential risks in advance, helping users and the platform avoid unnecessary losses.’ How LBank Labs Competes With Traditional VCs While most VCs bring a lot of funding but little market experience, LBank Labs’ strength lies in being able to pick out the right early-stage Web3 investments. With over $100M in assets under management, the fund focuses on early-stage DeFi, Real World Assets (RWAs), AI, and even meme coin communities that show they have long-term cultural traction. Through its ‘invest + incubate’ model, LBank Labs works closely with founders to help develop marketing strategies and PR support, alongside the capital and exchange listings. Projects featured on its LBank Edge discovery platform have achieved an average ROI of 864.95%. This includes popular tokens like $FARTCOIN and $USELESS. Outlook: The Exchange of the Future Czhang firmly believes the next generation of exchanges, or those who will still be around, are those that focus on trust, compliance, and innovation. Without user trust, no amount of liquidity or branding can sustain a platform. Compliance, often seen as a burden, is now the foundation of global expansion. And innovation, well, without it, you can quickly become irrelevant in such a fast-paced industry. As AI, tokenization, and security become pivotal to the company, LBank continues to refine its model around trust, transparency, and long-term value. It’s a vision that keeps the exchange firmly ahead of the curve. This article does not constitute financial advice. Crypto carries inherent risks, so please do your own research (DYOR) and never invest more than you are willing to lose. Authored by NewsBTC — https://www.newsbtc.com/news/lbank-czhang-on-ai-tokenization-security-and-long-term-crypto
Daily trading volume has jumped to over $1.8 billion, with liquidity deepening across major venues such as Binance, Hyperliquid, and Bybit.
New research from Google’s threat unit shows hackers are using LLMs to mutate malware and study how to steal from crypto wallets.
XRP continues to defend key support levels as bullish momentum builds beneath the surface. Traders are watching closely as the price hovers above the rising 20-month EMA, a crucial line that could determine whether the next leg higher unfolds. XRP Maintains Bullish Structure Above $1.75 Support Providing an update on the XRP chart, More Crypto Online highlighted that the situation remains largely unchanged, with price action still developing within a broader bullish structure. The analyst emphasized that the ongoing movement continues to follow a pattern of three-wave pullbacks, suggesting that the uptrend remains intact as long as XRP holds above the critical $1.75 support level. Related Reading: Massive XRP Rally Ahead? Bold Forecast Calls For $100 Before 2030 According to his analysis, as long as buyers continue to defend this zone, the structure points toward an eventual continuation of the upward trend. The repeated three-wave corrections indicate that the market may still be in a controlled consolidation phase rather than a reversal. However, the analyst highlighted that a confirmed breakout has yet to occur. The key resistance zone between $2.69 and $2.84 continues to act as a ceiling, limiting XRP’s upward momentum. Until the price breaks above this range decisively, the broader market will likely remain in a phase of consolidation and uncertainty. More Crypto Online added that a five-wave breakout above the $2.84 level could signal renewed strength and open the door to higher targets. The next major objective in that case would be around $3.40, which could serve as a staging point for another push toward the $5 region. XRP’s 20-Month EMA Emerges As The Line Between Strength and Struggle In an XRP post, ChartNerd pointed out that the 20-month Exponential Moving Average (EMA) is positioned around $1.94 and is gradually climbing. This long-term moving average has historically served as a strong indicator of trend direction, and its current trajectory suggests that the broader bullish structure could still be intact. Related Reading: XRP Price Gains Traction — Buyers Pile In Ahead Of Key Technical Breakout ChartNerd emphasized that turning the 20-month EMA into solid support would be a significant confirmation of continued upside momentum, paving the way for XRP to push toward higher resistance zones in the coming sessions. The analyst remains optimistic that the EMA will act as a reliable foundation for further gains. However, ChartNerd also cautioned that a decisive drop below the $1.94 EMA could weaken the bullish outlook, triggering a deeper retracement. Still, he noted that “the boat is yet to raise its sails,” implying that XRP’s next major move has yet to unfold, and patience may be key as traders await confirmation of the next trend direction. Featured image from Adobe Stock, chart from Tradingview.com
Traders say sentiment remains fragile as stronger U.S. dollar flows and persistent macro uncertainty continue to pressure risk assets.
The crypto ETF race is heating up again, and this time, it’s Dogecoin’s turn. Bitwise, one of the largest digital asset managers in the U.S., has filed an 8(a) form to launch the first spot Dogecoin (DOGE) ETF, with potential approval expected in just 20 days unless the SEC intervenes. If approved, this would mark …
The crypto market is currently in its longest bear market in history, with altcoins trading at some of their lowest valuations ever. Despite this downturn, many blockchain projects continue to show strong fundamental progress, a signal that experts believe may represent one of the biggest mispricings in altcoin history and a major opportunity for long-term …
Tether’s Bitcoin wallet recently acquired 961 BTC worth about $97 million from Bitfinex, following its ongoing strategy of using 15% of profits to buy Bitcoin. This wallet now holds 87,296 BTC valued at $8.84 billion, ranking sixth among the largest BTC wallets. With an average buy price close to $49,121, Tether’s Bitcoin holdings currently show …
After weeks of muted action, Internet Computer (ICP) has suddenly come alive, posting a sharp rebound that’s catching traders’ attention across the crypto market. The surge comes amid a wave of renewed buying pressure and bullish technical signals, hinting that something bigger could be unfolding beneath the surface. As ICP’s price tears through resistance levels, …
DeAgentAI is built within the Sui ecosystem, empowering developers to launch autonomous on-chain agents for next-gen Web3 automation. This week, AIA’s explosive 717% rally in just 24 hours stunned the crypto market despite an overall sector dip. The move came from a strategic Pieverse partnership, technical breakouts above Fibonacci levels. And surging interest in AI …
While the broader crypto market slipped by 1%, Filecoin (FIL) made one of its biggest comebacks of the year. The decentralized storage token skyrocketed nearly 60% in just 24 hours, jumping from $1.38 to $2.18, its sharpest recovery since early 2024. This sharp rally has stunned everyone, wondering the key reasons why Filecoin token is …
The Blockchain Payments Consortium, made up of several major crypto firms, was formed to create a “common framework that enhances blockchain transactions.”
The recent Bitcoin price crash is not just another dip in the market, according to analysts; it could be one of the most critical phases for its long-term bullish structure in this cycle. Crypto market expert Tara has emphasized that this ongoing retracement sets the foundation for Bitcoin’s next major bottom. Her analysis points to a potential Wave 5 correction that could drive the BTC price as low as $94,000 before the next major bullish trend begins. Bitcoin Price Eyes Recovery After Wave 5 Retracement In a technical analysis shared on X social media, Tara disclosed that Bitcoin’s latest price correction “is probably one of the most important retraces it will have in a long time.” She views the decline as an essential process that prepares the leading cryptocurrency for a strong rebound in the future. Based on her Elliott Wave analysis, there are only two waves left before the broader market shift begins. Related Reading: Analyst’s Full Market Breakdown Shows Why Bitcoin Price Is Headed For $120,000 The analyst notes that the primary reason the Bitcoin price crash is important is that it allows the Relative Strength Index (RSI) to recover, creating ideal conditions for a Bullish Divergence. Subsequently, this divergence could establish a solid bottom for BTC, which is a critical signal for the start of a renewed uptrend. In her chart, Tara identifies a key Fibonacci Retracement zone between $103,400 and $104,900 as the resistance range for its current wave. The 0.382 Fib level is located near $103,478, where the Bitcoin price intersects with the Moving Average (MA), while the 0.5 Fib level aligns with $104,943. The analyst notes that this range could act as a crucial pivot zone before BTC resumes its correction in the final Wave 5 down to $94,000. Additionally, the chart shows that Bitcoin is currently retracing from a previous low near the 0.618 Fibonacci Extension around $103,755.79. Trading volume has also declined by over 48% in the past 24 hours, while RSI remains weak at 33.96, signaling that the market is still oversold. Why The Path To $94,000 Matters For The Next Bull Cycle In responding to questions from crypto community members under her X post, Tara clarified that Bitcoin could first rise to $104,000, representing a 0.97% increase from current levels above $103,000, before crashing 9.6% to $94,000. She expects a price bottom to occur quickly and soon, whereas it may take longer for Bitcoin to build solid support before reversing into a new bullish phase. Related Reading: Here’s What Happened The Last Time The Bitcoin Price Closed October In The Red Tara stated that the ongoing retracement could peak around the day of her analysis, but the bottom might take a few more days to form. Despite the anticipated “pain,” she reassured market watchers that the correction is necessary for Bitcoin’s next leg higher. She also emphasized that the market may not feel bullish until mid-December 2025. Featured image from Pixabay, chart from Tradingview.com
A sharp 3.3% decline pushed ether below a key support level, but institutional whales bought the dip, signaling long-term confidence despite technical breakdowns.
Ether’s price fell a “little deeper” than one analyst expected, but said it is still a “great area” to be accumulating the asset.
November 7, 2025 06:06:50 UTC Google to Add Kalshi and Polymarket Prediction Data to Search Google is integrating Kalshi and Polymarket data into Google Finance, letting users see real-time prediction odds for questions like “Will the Fed cut rates in December?” directly in search. The update will display live probabilities and trend charts. Kalshi, a …
Bitwise Asset Management has filed an 8(a) form for its Spot Dogecoin ETF, which enables automatic approval and listing on U.S. exchanges within 20 days unless the SEC intervenes. This streamlined process bypasses lengthy approvals, reflecting growing demand for regulated crypto investment products. The ETF will provide investors easy, regulated exposure to Dogecoin, with Coinbase …
Solana started a fresh decline below the $165 pivot zone. SOL price is now attempting to recover and faces hurdles near the $165 zone. SOL price started a fresh decline below $162 and $160 against the US Dollar. The price is now trading below $162 and the 100-hourly simple moving average. There is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair (data source from Kraken). The price could continue to move up if it clears $160 and $162. Solana Price Faces Hurdles Solana price extended losses below $150 before the bulls appeared, like Bitcoin and Ethereum. SOL tested the $145 zone and recently started a recovery wave. There was a move above the $150 and $155 resistance levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $188 swing high to the $145 low. However, the bears remained active near the $162-$165 resistance zone. Besides, there is a new bearish trend line forming with resistance at $159 on the hourly chart of the SOL/USD pair. Solana is now trading below $162 and the 100-hourly simple moving average. On the upside, immediate resistance is near the $160 level and the trend line. The next major resistance is near the $162 level. The main resistance could be $165. A successful close above the $165 resistance zone could set the pace for another steady increase. The next key resistance is $172 and the 61.8% Fib retracement level of the downward move from the $188 swing high to the $145 low. Any more gains might send the price toward the $180 level. Another Decline In SOL? If SOL fails to rise above the $160 resistance, it could continue to move down. Initial support on the downside is near the $150 zone. The first major support is near the $145 level. A break below the $145 level might send the price toward the $138 support zone. If there is a close below the $138 support, the price could decline toward the $130 zone in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 50 level. Major Support Levels – $150 and $145. Major Resistance Levels – $160 and $165.
The crypto markets are trying to recover from the recent market crash as Bitcoin price reclaims $102,000. In times when Bitcoin’s dominance is rising, Filecoin (FIL) is emerging as one of the top-performing altcoins in the last 24 hours. The FIL price has surged by over 50% in the past 24 hours, reaching an intraday …
ASIC said the regulator will review and relaunch its Innovation Hub to explore new ways ASIC can support financial market innovation.
On-chain analytics firm Glassnode has revealed how Bitcoin could be at risk of a further drawdown after trading at a significant discount to a key cost basis level. Bitcoin Could Retest Active Realized Price Next In its latest weekly report, Glassnode has talked about how Bitcoin has dropped a notable distance below the short-term holder (STH) Realized Price. The “Realized Price” here refers to an on-chain metric that tracks the cost basis of the average investor or address on the BTC network. To any investor, their break-even mark tends to be a level of particular importance, as retests of it can potentially flip their profit-loss situation. Due to this, Realized Price levels have often shown interactions with the asset’s price, as investors make moves to either exit with their money back or buy more to defend their cost basis. Related Reading: Cardano Retests Line That Has Triggered Strong Rebounds Since Nov 2024 A group that’s considered particularly sensitive to short-term volatility is the STH cohort, made up of the investors who purchased their coins within the past 155 days. The Realized Price of the STHs generally provides support during bullish trends, but with the recent market crash, Bitcoin has plummeted under it. As displayed in the above chart, Bitcoin at its post-crash levels is trading significantly below the STH Realized Price located at $112,500. This means that members of the cohort are now notably underwater. “Historically, discounts with such depth from this level have increased the likelihood of further downside toward lower structural supports,” explained Glassnode. One such support is the Active Realized Price, corresponding to the cost basis of the “economically active” part of the BTC supply. A chunk of the cryptocurrency’s supply has been dormant for so long that it can safely be presumed lost. In other words, these tokens will never make their way back into circulation. Such coins have no effect on the market today, so the Active Realized Price excludes them from the data, labeling them “economically inactive.” The report noted that this level “has often served as a critical reference point during extended corrective phases in prior cycles.” At present, the indicator is sitting near $88,500. Related Reading: Bitcoin & Ethereum Social Sentiment Collapses, But XRP Just Sees Disinterest The Bitcoin STH Realized Price isn’t the only level that the asset has lost recently. As on-chain analytics firm CryptoQuant has pointed out in an X post, the asset has also declined below the 365-day moving average (MA). CryptoQuant has described the line as “a key technical and psychological support level last broken at the start of the 2022 bear market.” Considering that Bitcoin has lost the STH Realized Price, and now, this level as well, it remains to be seen whether the asset will end up retesting the Active Realized Price and other lower support levels. BTC Price At the time of writing, Bitcoin is floating around $103,300, down over 6% in the last seven days. Featured image from Dall-E, Glassnode, CryptoQuant.com, chart from TradingView.com
Elixir said it will sunset its deUSD stablecoin after $75 million worth of the token became entangled in Stream Finance’s $93 million loss.
Ark Invest's acquisition underscores growing confidence in Ethereum's potential to reshape corporate treasury strategies and crypto adoption.
The post Cathie Wood’s ARK Invest acquires 240,507 shares of Ether treasury firm BitMine on Nov. 6 appeared first on Crypto Briefing.