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Why XRP Price is Up Today?

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XRP Price Surges 2.94% to $2.48, Outperforming Broader Crypto Market

XRP’s price today surged by 2.94% to reach $2.48 over the past 24 hours, outperforming the broader cryptocurrency market, which recorded a modest 0.9% gain. This rally is fueled by growing institutional interest, driven by Ripple’s recent strategic moves and positive market developments.

**Ripple Prime Launch Boosts Institutional Adoption**

On October 24, Ripple finalized its acquisition of prime brokerage Hidden Road, rebranding it as Ripple Prime. This milestone positions Ripple as the first crypto firm to operate a global multi-asset prime brokerage, providing institutions with direct access to XRP, Ripple USD, and RLUSD for cross-border settlements and collateral management.

Integration with Ripple’s custody and payment infrastructure is expected to accelerate XRP adoption across more than 300,000 FX derivatives markets. This launch follows Ripple’s aggressive expansion strategy, having completed five major acquisitions since 2023, underscoring the company’s push into institutional finance.

Key indicators to watch include the adoption rate of the RLUSD stablecoin on Ripple Prime, which could further strengthen XRP’s utility in traditional financial markets.

**XRP Derivatives and ETF Growth Signal Strong Institutional Demand**

Institutional demand for XRP is also evident in derivatives activity. Since May 2025, XRP options have reached $26.9 billion in notional volume, averaging $213 million in daily trading. Approximately 567,000 options contracts have been traded, compared to a daily spot volume of 600 million XRP.

Meanwhile, the first U.S.-based XRP ETF, ECARP, has surpassed $100 million in assets under management (AUM). Offering regulated exposure to XRP, this ETF has attracted interest from hedge funds and wealth managers. Additionally, CME-listed XRP derivatives have seen open interest rise to 10,100 contracts, signaling increasing institutional participation.

Analysts suggest that growing ETF inflows could reduce sell pressure on XRP, providing further support to its price.

**XRP Price Analysis**

From a technical perspective, XRP recently reclaimed the $2.30 support level, where 70% of recent trading volume occurred. The Relative Strength Index (RSI-14) stands at 39.69, indicating neutral momentum, while the MACD indicator is approaching a bullish crossover.

Fibonacci retracement levels show the 38.2% retracement at $2.50, aligning closely with the 30-day Exponential Moving Average (EMA) at $2.61. A successful break above $2.61 could target a price of $2.73.

However, traders should remain cautious, as approximately 6 million XRP were moved to exchanges in the past week, potentially signaling selling pressure from whale investors.

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Overall, ongoing institutional developments and technical indicators suggest a positive outlook for XRP, but market participants should monitor key resistance levels and whale activity closely.
https://coinpedia.org/news/why-xrp-price-is-up-today-institutions-are-making-a-big-move/

business, finance, law, politics, technology

Critics of $1 trillion payday for Elon Musk are ‘corporate terrorists,’ Tesla CEO says

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**Who Wants to Be a Trillionaire? Elon Musk Does**

Elon Musk is aiming for a staggering $1 trillion pay package, and he doesn’t hold back against those opposing his quest. During the latest Tesla earnings call, Musk interrupted the proceedings to push for approval of his 10-figure salary plan, characterizing the advice from advisory firms opposing the move as “asinine.”

The proposed mammoth pay package would significantly increase Musk’s stake in Tesla—from 13% to as much as 29%—if he hits several ambitious performance benchmarks. Musk emphasized the need for enough voting control to maintain strong influence over the company, but not so much that he couldn’t be removed if necessary. “There needs to be enough voting control to give a strong influence, but not so much that I can’t be fired if I go insane,” Musk said near the end of the hour-long call on Wednesday, even cutting off his chief financial officer to make his point, according to a Bloomberg report.

He didn’t mince words when describing proxy advisers Institutional Shareholder Services (ISS) and Glass Lewis, who have urged shareholders to reject the $1 trillion pay package, labeling them “corporate terrorists.” Musk added, “I just don’t feel comfortable building a robot army here, and then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue.”

ISS expressed “unmitigated concerns” about potential future adjustments to the pay levels, while Glass Lewis highlighted worries that the plan could dilute the stakes of other shareholders in the company.

As the world’s richest person, with a net worth of $487.5 billion according to Forbes, Musk has argued that the most critical component of the plan is his gain in voting control. After Musk finished, Tesla CFO Vaibhav Taneja praised the special board committee for their “amazing job” in crafting the plan. “There’s nothing which gets passed on until the time shareholders make substantial returns,” Taneja noted.

**Tesla’s Disappointing Earnings and Lofty Milestones**

Musk’s fiery comments capped a tense end to a disappointing earnings call, where Tesla missed profit estimates despite delivering record sales. The proposed 10-year compensation plan ties Musk’s payout to several ambitious milestones, including:

– Selling 20 million vehicles
– Delivering 1 million humanoid robots
– Increasing Tesla’s market value more than eightfold, to an eye-popping $8.5 trillion

According to a proxy filing obtained by Bloomberg last month, Musk warned Tesla’s board that he would abandon the electric vehicle maker to “pursue his other interests” unless he secured approximately 25% voting control and was “fully paid for his past services.”

Shareholders are scheduled to vote on Musk’s pay package during Tesla’s annual meeting in Austin on November 6.

Wedbush Securities analyst Dan Ives expressed confidence in the package’s approval despite some opposition, stating in a Wednesday night note that he believes it “will be approved by a wide margin” as the automaker aims to keep Musk “as a war-time CEO.”

**Financial Highlights and Market Reaction**

Adding to the tension, Tesla reported that its operating income plunged 40% in the third quarter, while revealing over $400 million in tariff-related costs. Operating expenses surged 50%, reaching $3.4 billion.

Tesla’s shares fell 3.8% on Thursday morning, though the stock remains up 11.1% year-to-date.

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Elon Musk’s pursuit of a trillion-dollar pay package reflects both his ambition and the high stakes involved as Tesla continues to navigate a complex and competitive market. The upcoming shareholder vote will be critical in determining the company’s leadership and future direction.
https://nypost.com/2025/10/23/business/critics-of-1-trillion-pay-for-elon-musk-are-corporate-terrorists-tesla-ceo-says/

business, cryptocurrency, finance, investment, technology

TAO Synergies snaps up 54K Bittensor tokens amid $11M boost – Details

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**Key Takeaways**

**What is TAO Synergies doing amid Bittensor’s price decline?**
TAO Synergies is aggressively accumulating TAO tokens, expanding its holdings to over 54,000.

**What is driving continued bearish pressure on TAO’s price?**
Persistent selling by other investors is outweighing accumulation, pushing TAO below key technical levels.

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Following a rejection at $460, Bittensor (TAO) has faced intense bearish pressure, reaching a low of $403. At the time of writing, Bittensor was trading at $404, marking a 10.42% decline on daily charts. Amid this price decline, institutional investors are taking the opportunity to buy the dip.

### TAO Synergies Increases Bittensor Holdings

Notably, as TAO retraced on its price charts, TAO Synergies shifted to an accumulation strategy. On October 20th, TAO Synergies (TAOX), a Bittensor Treasury company, announced that through acquisition and staking, it increased its holdings. The company expanded its TAO portfolio to 54,058 TAO tokens, becoming the largest publicly traded holder of Bittensor.

Following the acquisition, entrepreneur James Altucher commented,
“By scaling our TAO holdings to over 54,000 tokens, we’re not only holding a crypto asset, we’re also staking our claim in a network that’s redefining entrepreneurship and innovation.”

Such a massive acquisition during a market downturn indicates a strong long-term commitment to the project.

### TAO Synergies Raised $11 Million

This recent token acquisition comes just days after the firm announced it had secured funding through private placement. According to the team, the private funding round—backed by DCG and James Altucher—raised $11 million, which is yet to be deployed.

These funds will be used to purchase more TAO tokens and explore other revenue-generating opportunities, thereby increasing TAO holdings within the Bittensor ecosystem.

Since TAOX shifted to an aggressive accumulation strategy for the AI coin, its value has surged significantly. Over the past month, TAO Synergies is up 59%, with its market cap hitting $31 million.

### Bittensor Still Faces Bearish Pressure

Despite TAO Synergies’ accumulation, other investors remain bearish and continue to sell aggressively. According to CryptoQuant data, sellers have dominated the market for four consecutive days, as evidenced by Spot Taker CVD. This metric has remained in the red since October 16th, indicating persistent seller dominance.

For example, on October 21st, Bittensor recorded $40,000 in sell volume compared to $32,600 in buy volume. This resulted in a negative delta of $7,400, signaling strong spot selling pressure.

### Mapping TAO’s Path to Recovery

Although TAO Synergies continues to accumulate Bittensor tokens, this activity has not yet boosted TAO’s price. The reason is clear: many investors are aggressively selling, creating strong downward pressure on the market.

As a result, TAO’s Relative Strength Index (RSI) fell to 56 at press time and formed a bearish crossover, signaling growing seller dominance. At the same time, the token dropped below its short-term moving average, further confirming bearish momentum.

If these market conditions persist, TAO will likely face further losses. A drop from current levels could see Bittensor retrace to $378, with the 21-day moving average (21DMA) serving as critical support at $367.

However, if TAO Synergies manages to absorb the selling pressure, TAO could reclaim the 9-day moving average (9DMA) at $416 and potentially target $460.

—

Stay tuned for updates on Bittensor’s price action as the market develops.
https://ambcrypto.com/tao-synergies-snaps-up-54k-bittensor-tokens-amid-11m-boost-details

general

XRP ETF Approval Date Nears: Prices Expected To Soar 2x–4x by Year-End

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Several XRP ETF applications have their deadlines this week, drawing significant attention from investors across the market. If XRP ETF approval comes through, the cryptocurrency could experience a rapid price surge, potentially jumping 50-150% within days or weeks. Currently trading around $0.55, XRP’s price could reach $4-$6 by the end of the year.

### Why Could XRP Price Surge?

Approval of an XRP ETF would open the doors for massive inflows from Wall Street, including pensions, 401(k)s, and large managed funds. Investors wouldn’t need to buy XRP directly on exchanges, making it easier for billions to enter the market.

Historical patterns from Bitcoin and Ethereum ETFs show that such approvals can quickly drive prices up. Analysts predict that XRP could see $3-5 billion in inflows during the first month alone, potentially doubling its price.

Major institutions like BlackRock, Fidelity, and Vanguard have already filed for XRP ETFs. Once approved, these funds could rush in, creating a “FOMO” (fear of missing out) effect, where more investors buy simply to avoid missing out on potential gains.

Because XRP has a smaller market cap than Bitcoin, even relatively smaller inflows could result in bigger percentage jumps.

### Institutional Support and Regulatory Impact

XRP ETF approval would also remove a significant barrier: the long-standing SEC lawsuit against Ripple. This “lawsuit coin” stigma has held back some investors, but regulatory approval would signal safety, attracting both retail and institutional buyers.

Ripple’s network of over 300 banks—including Santander and SBI—could increase XRP usage, potentially multiplying trading volumes well beyond the current $2 billion per day.

### Delays in XRP ETF Approval

The U.S. government shutdown is currently the main obstacle. The SEC is unlikely to approve any ETFs until the government reopens, potentially delaying XRP ETF approval.

However, when approval does occur, all XRP ETF applications are expected to be greenlit simultaneously, similar to how Bitcoin and Ethereum ETFs were handled previously.

### Potential Risks

Some risks remain, including early investors selling portions of their holdings, which could cap short-term gains. Additionally, broader market downturns may limit price jumps to around 50% instead of doubling or tripling.

### Outlook

Experts see a high probability of XRP ETF approval, which could result in a 2x to 4x price growth for XRP by year-end. Historical ETF approval patterns combined with XRP’s current setup suggest this outcome is a realistic scenario rather than mere speculation.

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**Also Read:** Institutions Compete for XRP Ahead of Ripple SWELL Event

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### FAQs

*Q: What is an XRP ETF?*
A: An XRP ETF (Exchange-Traded Fund) is a fund that tracks the price of XRP and trades on traditional stock exchanges, allowing investors to gain exposure without directly buying the cryptocurrency.

*Q: How would XRP ETF approval impact investors?*
A: Approval would make it easier for institutional and retail investors to access XRP, potentially driving significant inflows and price increases.

*Q: Why is the SEC lawsuit against Ripple significant?*
A: The lawsuit has created uncertainty and hesitation among investors. Resolution or regulatory approval will likely remove this stigma and encourage greater investment.

*Q: What are the risks associated with XRP price surges?*
A: Risks include government delays, market downturns, and early investor sell-offs that could limit upside potential.

Stay tuned for updates as XRP ETF deadlines approach and the market reacts.
https://coinpedia.org/news/xrp-etf-approval-date-nears-prices-expected-to-soar-2x-4x-by-year-end/

general

Ethereum and Solana Oversold — Analysts Name ADA and HYPE Among the 5 Best Altcoins to Buy Now

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**Ethereum and Solana Hit Oversold Levels, Sparking Investor Interest in ADA, HYPE, and an Early-Phase Project**

Ethereum and Solana have recently traded at deeply oversold levels, prompting investors to reposition themselves ahead of the next market rotation. On-chain data and technical indicators suggest that a short-term bottom might be forming, with analysts pointing toward a selective rebound led by undervalued projects.

As ETF inflows and institutional discussions continue to shape market sentiment, one project quietly benefiting from this wave of attention is **MAGACOIN FINANCE**. Its growing visibility amid ETF buzz and increasing accumulation by early investors indicate a shift of capital toward early-stage opportunities.

While Ethereum and Solana attract technical buyers, traders seeking fresh upside are diversifying into assets like MAGACOIN FINANCE, Cardano (ADA), and Hyperliquid (HYPE), positioning themselves ahead of what could be a strong Q4 market recovery.

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### Ethereum Oversold Levels Signal a Rare Accumulation Zone

Ethereum’s daily Relative Strength Index (RSI) has fallen to levels not seen since mid-2025, dropping near its most oversold point since April 2025 when prices were around $1,400.

Analysts see this as a rare but significant signal suggesting ETH is oversold, often preceding rallies. For example, after a similar signal in June 2025, Ethereum gained 134% within two months.

Recent price weakness and selling pressure caused ETH to drop below $3,800, leading some experts to suspect that a local bottom could be forming. Despite near-term volatility and caution fueled by rising ETF outflows and uncertainty denting sentiment, Ethereum is currently mixed and trading near $3,700.

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### Solana RSI Drop Suggests Selling Exhaustion Phase Is Near

Solana’s price plunged sharply from near $230 to approximately $168 within a matter of days. Correspondingly, Solana’s RSI fell below 30 for the first time in months—a classic indicator of oversold conditions suggesting exhaustion in selling.

Historically, such RSI levels often mark a transition from decline to accumulation phases.

According to analysts and traders, if buying power returns and strong support holds within the $165-$175 region, Solana could see a price gain of up to 80% by year-end.

Despite prevailing market uncertainty, increased trading volume and whale accumulation points to growing investor interest in Solana. However, caution is advised, as a failure to maintain support may result in further corrective moves.

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### Cardano Whale Distribution Stabilizes Amid Renewed Interest

Cardano (ADA) has seen notable activity among whales, with periods of accumulation and selling.

By mid-2025, large holders steadily accumulated significant amounts of ADA, pushing momentum bullish. However, between August and October 2025, whales sold nearly 40 million ADA, triggering a 20.6% price drop and heightened volatility—a classic distribution phase indicating potential bearish signals as large players take profits.

Despite this, Cardano has recently experienced inflows reaching a three-month high, showing renewed investor interest. Whale selling has paused, which has prevented immediate price recovery but suggests potential stabilization.

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### Hyperliquid (HYPE) Traders Watch for Key Reversal Confirmation

Hyperliquid (HYPE) recently dipped below the $35.50 support level, although the long tail on the candlestick indicates buying interest at lower levels.

If HYPE reverses upwards, traders expect resistance at the neckline and then at the 20-day exponential moving average (EMA) around $42.25. Should the price fail to break this resistance and fall back, bears may push the pair below $35.50, potentially dragging prices down to $30.50.

Conversely, a decisive break and close above the 20-day EMA would signal easing selling pressure. This scenario could drive HYPE toward the 50-day simple moving average (SMA) at $47.15 and possibly higher to $52.

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### ETF Buzz and Investor Rotation Fuel Growing Momentum

Oversold giants like Ethereum and Solana are attracting attention, but “smart money” appears to be rotating toward assets such as ADA, HYPE, and **MAGACOIN FINANCE** amid rising ETF optimism.

Unlike short-term, hype-driven projects, MAGACOIN FINANCE is benefiting directly from the broader ETF-driven optimism currently spreading across the crypto market.

As institutional focus intensifies and liquidity returns, investors seek new opportunities characterized by strong community support and early adoption potential. Early data shows that MAGACOIN FINANCE is attracting both retail and whale investors, driven by growing community engagement, an active presale phase, and expanding cross-platform exposure.

This trend reinforces the idea that ETF buzz is not only boosting established coins but is also creating space for undervalued tokens like MAGACOIN FINANCE to gain traction before mainstream recognition.

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### Conclusion: The Next Wave of ETF-Driven Growth May Be Starting

Ethereum and Solana’s oversold conditions may pave the way for a sharp rebound, but the real opportunity lies beneath the surface.

Investor attention is quietly shifting toward **MAGACOIN FINANCE**, a fully audited and verified project benefiting from ETF excitement while still early enough to offer exponential upside.

MAGACOIN FINANCE has been audited and verified by Hashex, confirming its smart-contract integrity and investor protection. Analysts highlight that few presales offer this level of transparent, certified security, also backed by a Certik review.

If ETF optimism persists, MAGACOIN FINANCE could emerge as one of the top-performing altcoins in the next market cycle, positioning early entrants ahead of the curve while the broader market catches up.

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### Learn More About MAGACOIN FINANCE

– Website: [Insert URL]
– Twitter/X: [Insert URL]
– Telegram: [Insert URL]

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*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related activities. Coindoo will not be liable for any damages or losses resulting from the use or reliance on any content, goods, or services mentioned.*

—

**Author:**
Kosta, Reporter at Coindoo
Kosta joined Coindoo in 2021 and quickly established himself with his thirst for knowledge, dedication, and analytical thinking. He covers a wide range of topics, writes comprehensive reviews, PR articles, and educational materials. His work is frequently cited by other news agencies.
https://coindoo.com/ethereum-and-solana-oversold-analysts-name-ada-and-hype-among-the-5-best-altcoins-to-buy-now/

general

Top Cryptos of 2025: BlockDAG’s BWT Alpine Formula 1® Team Deal Features Alongside WLFI, PEPE, & POL

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Follow the Top Cryptos of 2025: BlockDAG, WLFI, PEPE, and Polygon

As the crypto market finds stability and new capital flows into digital assets, buyers are rethinking which projects represent the best cryptocurrencies to invest in before the next bull cycle. Interest is shifting toward tangible progress, proven technology, and meaningful partnerships rather than mere hype.

Projects that deliver measurable results are attracting attention from both retail participants and institutional players. Trackable growth, functional ecosystems, and strong community engagement are increasingly influencing which networks gain momentum.

This overview highlights four projects making notable strides in 2025: BlockDAG (BDAG), World Liberty Financial (WLFI), PEPE, and Polygon (POL). Each demonstrates a unique aspect of innovation, scalability, or market impact, showcasing why these names are among the top cryptos of 2025.

1. BlockDAG (BDAG): Scaling Crypto With Speed, Security, and Global Visibility

BlockDAG is emerging as a standout among the top cryptos of 2025, combining ambitious growth with tangible results. The project has raised over $425 million in presale funding, offering BDAG coins at $0.0015 each. Its Awakening Testnet is already live, processing 1,400 transactions per second and is fully compatible with Ethereum’s EVM. Developers can deploy, test, and build applications immediately, demonstrating that BlockDAG delivers real utility rather than mere promises.

A major factor in its rising profile is the multi-year partnership with the BWT Alpine F1® Team, showcased at the Singapore Raffles Hotel. This collaboration brings fan simulators, hackathons, Web3 experiences, and on-track activations to Grand Prix events worldwide. These high-visibility activations have elevated BlockDAG’s global reach far beyond typical crypto projects.

With over 3.5 million mobile miners using the X1 app and full security audits completed by CertiK and Halborn, BlockDAG combines scalability, safety, and mainstream exposure. Its upcoming Genesis Day and TGE code airdrops offer final early-access opportunities, making it one of the most complete contenders for long-term crypto growth.

2. World Liberty Financial (WLFI): Merging Politics and DeFi Ambitions

World Liberty Financial (WLFI) has made headlines by combining political branding with decentralized finance ambitions. Associated with former U.S. President Donald Trump and his family, WLFI has drawn attention for both its high-profile affiliations and its cryptocurrency ecosystem.

The WLFI coin currently trades near $0.23-$0.24 with a total supply of 100 billion. Since its volatile debut in September, it has shown signs of stabilization through strong liquidity and steady buyer interest.

WLFI also offers USD1, a 1:1 dollar-backed stablecoin deployed across Ethereum, BNB Chain, TRON, and soon Solana. With over $548 million in treasury reserves and early coin burns to control inflation, WLFI is gaining traction among crypto enthusiasts.

Despite ongoing debates about centralization and political affiliations, WLFI remains one of the top cryptos of 2025 for those exploring long-term structural plays in DeFi and stablecoin infrastructure.

3. PEPE: The Meme Coin That Holds Strong

PEPE continues to capture attention as one of the most traded meme coins, priced around $0.0000095 while maintaining a multi-billion-dollar market cap. Its liquidity and trading volume remain significant, with over 2 trillion coins exchanged in a single day in recent weeks.

A token burn of 6.9 trillion PEPE has helped impose supply discipline, balancing its inherent volatility. The community-driven token thrives on its cult-like holder base, which ensures consistent engagement even during market corrections.

The project emphasizes transparency, with renounced smart contract ownership and locked liquidity. Analysts anticipate potential double-digit growth in 2026 for speculative buyers who can navigate high-risk opportunities.

For traders seeking fast-moving, community-backed assets, PEPE remains a top crypto of 2025, exemplifying how meme coins can sustain relevance through liquidity, community support, and active trading activity.

4. Polygon (POL): Scaling Ethereum with Practical Utility

Polygon (POL), trading near $0.23, continues to expand under its “Polygon 2.0” roadmap. The network hosts over 534 million unique addresses and 3.4 million daily transactions, making it one of Ethereum’s most active Layer-2 ecosystems.

The Fast Finality upgrade has reduced transaction times to under five seconds while keeping gas fees around one cent per transaction—a boon for decentralized applications.

Polygon’s focus on efficiency and scalability supports its growing adoption across DeFi, gaming, and tokenized asset markets. The ecosystem has partnered with companies like Immutable and AlloyX to deliver gaming solutions and real-yield instruments.

Polygon’s rebrand to POL reflects its broader interoperability vision, connecting multiple Layer-2 and Layer-3 networks under a single framework.

For buyers prioritizing scalability and real-world use cases over hype, Polygon stands as one of the top cryptos of 2025, offering both practical utility and long-term potential in enterprise blockchain integration.

Final Thoughts

The next few months will likely shape which projects lead the market into 2026. BlockDAG is blending advanced technology with high-profile partnerships, WLFI connects crypto to institutional stablecoin systems, PEPE continues to energize traders with strong liquidity and volume, and Polygon drives adoption with scalable Layer-2 solutions.

Each highlights a unique aspect of crypto’s expanding ecosystem. When considering the top cryptos of 2025, the choice depends on whether innovation, community engagement, or adoption strength matters most.

BlockDAG stands out for its measurable delivery and growing mainstream presence, while all four projects collectively illustrate the diversity and potential shaping the future of digital assets.

This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions.

Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.

Author: Reporter at Coindoo, Krasimir Rusev is a journalist with many years of experience in covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.

https://coindoo.com/top-cryptos-of-2025-blockdags-bwt-alpine-formula-1-team-deal-features-alongside-wlfi-pepe-pol/

general

Ethereum hackers lose $13.4M, Bitmine plunges 30% – Is ETH in trouble?

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**Key Takeaways**

– ETH hackers are facing significant losses after panic-selling over 7,800 ETH during a recent market dip, realizing $3.37 million in losses.
– Institutional investors’ confidence in Ethereum appears to be wavering, with ETH treasury firms struggling and ETF outflows steadily increasing.
– Despite these challenges, new developments hint at growing interest from Asia-based investors aiming to bolster Ethereum’s ecosystem.

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### Why Are ETH Hackers Facing Losses?

In a rare case of consistently poor timing in a notoriously volatile market, six hacker-linked wallets panic-sold 7,816 ETH worth approximately $29.1 million at around $3,728 per ETH amid the recent market dip. This move locked in a staggering $3.37 million in realized losses.

Data from Lookonchain reveals that these wallets have collectively lost over $13.4 million due to mistimed ETH trades, repeatedly selling low and subsequently buying back at higher prices. Unfortunately for these hackers, their attempts to capitalize on market movements have backfired spectacularly, leaving them unable to catch a break.

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### Institutional Investors Are Not Entirely Bullish

Ethereum’s biggest backers are showing signs of strain. Bitmine, one of the few treasury firms still actively accumulating ETH, has seen its stock price plunge nearly 30% in the past two weeks. Other ETH-heavy firms such as SharpLink and Bit Digital are also experiencing downward trends.

Meanwhile, ETF data highlights consistent outflows over the past week, signaling increasing bearish sentiment among institutional investors. Analyst TedPillows pointed out that treasury companies are running low on cash, and ETF redemptions are piling up, which could weigh heavily on ETH’s price unless these key players help fuel a strong rebound soon.

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### A New Wave of Asian Interest Emerges

In a potentially game-changing development, AMBCrypto previously reported that the focus may be shifting eastward. Huobi founder Li Lin is reportedly raising $1 billion for a new Asia-led Ethereum treasury firm.

This new venture, backed by major players such as HashKey, Fenbushi Capital, and Meitu, aims to focus on treasury management and Ethereum infrastructure. If successful, it would rank among the largest independent ETH-focused capital initiatives to date, potentially injecting fresh momentum into the market.

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### Ethereum Struggles to Find Its Footing

Ethereum’s recent price action suggests signs of exhaustion. At press time, ETH was trading near $3,878 after a week marked by lower highs. The candlestick pattern indicates weakening bullish momentum, with the 20-day EMA now acting as resistance around $4,136.

Trading volume has declined, and the Relative Strength Index (RSI) is subdued at 41, reflecting limited buying interest among traders. Unless Ethereum can break firmly above the $4,000 level, this move looks more like a temporary pause within a larger downtrend.

For now, the market appears to be waiting for a clearer signal before committing to a decisive direction.

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**Conclusion**

While ETH faces significant headwinds—from hacker losses to institutional uncertainty—the emergence of new investment initiatives, particularly from Asia, could provide a critical boost. Traders and investors alike will be closely watching key resistance levels and market signals in the coming weeks to gauge Ethereum’s next move.
https://eng.ambcrypto.com/ethereum-hackers-lose-13-4m-bitmine-plunges-30-is-eth-in-trouble

general

$140,000,000 in Stellar Open Interest Hint at What’s Next for XLM Price

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Stellar (XLM) has recorded a 1.16% increase in its four-hour open interest despite the asset’s continued price decline on the market. According to data from CoinGlass, while the 24-hour open interest declined by 11.27%, recent activity within the past four hours shows that traders are betting on a possible rebound.

### Stellar Four-Hour Futures Signal Bullish Sentiment

Open interest reflects the total value of futures contracts that investors have open on XLM. A high percentage generally indicates bullish confidence among investors. The negative 11.27% change about 24 hours ago revealed uncertainty regarding the price direction. However, the four-hour figure of 1.16% as of press time suggests that bullish sentiment is gradually gaining traction.

These traders have committed $140 million, or 465.24 million XLM, to the asset’s futures market. Among exchanges, Binance traders showed the most bullish stance, committing $37.62 million, which represents 27.21% of the total open interest. Bitget, Bybit, and OKX followed with commitments of $24.96 million, $21.95 million, and $14.21 million, respectively.

### Price Performance and Market Activity

Although traders are anticipating a price rebound, Stellar has yet to show positive momentum. At press time, XLM was trading at $0.3011, marking a 7.65% decline over the past 24 hours. The token slipped from an intraday high of $0.3284 amid ongoing market volatility.

However, trading volume has increased by 49.48%, reaching $419.94 million. This uplift in engagement could serve as a catalyst for a price reversal in the near term.

### Could Stellar’s 2025 Rally and DeFi Growth Spark a Price Recovery?

The bullish sentiment among traders may be rooted in Stellar’s strong year-to-date performance. As of September 2025, XLM had surged 288%, significantly outperforming both Bitcoin and Ethereum, which recorded gains of 88% and 73%, respectively.

Earlier in the year, Stellar briefly surpassed the $0.40 resistance level, reaching $0.4036 during the “Uptober” rally before broader market fluctuations triggered a sharp pullback.

Many investors and analysts had anticipated a major breakout, driven largely by Stellar’s milestones in the decentralized finance (DeFi) space. The platform has seen increased adoption, with nearly 400 million XLM locked as it attracted more users, including institutional investors.

Although this growing adoption has not yet translated into a sustained price rally, the current uptick in open interest might provide the spark needed for a recovery back towards the $0.40 level.

—

Stay tuned for updates on Stellar’s price action and market developments as traders closely watch for signs of a potential turnaround.
https://u.today/140000000-in-stellar-open-interest-hint-at-whats-next-for-xlm-price

business, cryptocurrency, finance, markets, technology

Exchange News:Kraken Buys Small Exchange to Launch Huge US Derivatives Platform

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Kraken’s Acquisition of Small Exchange Propels Launch of Massive US-Based Crypto Derivatives Platform

Kraken, one of the largest international crypto exchanges, has made a significant move into the US derivatives market through its acquisition of Small Exchange from IG Group for $100 million. This strategic purchase provides Kraken with the impetus to launch a heavily regulated, US-based crypto derivatives platform under the supervision of the Commodity Futures Trading Commission (CFTC).

### A Fully Licensed Designated Contract Market

Through this acquisition, Kraken becomes a designated contract market (DCM) fully licensed by the CFTC. Partnering with Small Exchange, which is already a CFTC-licensed DCM, enables Kraken to offer regulated futures, options, and margin trading products within the United States. This marks a crucial step toward developing a comprehensive US-based derivatives platform.

### Unifying Spot, Futures & Margin Trading Like Never Before

Kraken’s co-CEO, Arjun Sethi, highlighted that the acquisition connects spot, futures, and margin products under one regulated liquidity infrastructure. Kraken now also provides clearing, risk management, and trade matching all within a single environment. This integrated approach allows Kraken to compete directly with leading global exchanges operating under CFTC supervision.

By consolidating these trading services, Kraken significantly reduces market fragmentation and enhances trade execution speed. The platform is uniquely positioned to serve both retail and institutional US clients seeking regulated crypto derivatives.

### A Strategic Win in a Booming US Crypto Derivatives Market

The US crypto derivatives market is experiencing rapid growth, fueled largely by increasing institutional participation. According to CME Group data, crypto futures daily volume surged by 136% year-over-year in Q2 2025, reaching 190,000 contracts traded daily.

Kraken’s acquisition of Small Exchange builds upon its prior $1.5 billion purchase of NinjaTrader, further strengthening its US derivatives infrastructure. This strategic expansion also aligns with Kraken’s anticipated IPO in 2026, which aims to establish an effective, fully regulated US derivatives ecosystem.

### A New Dawn for Kraken and US Crypto Trading

With this acquisition, Kraken offers unparalleled onshore performance combined with robust regulatory compliance. By providing multiple trading products under one regulated framework—linking advanced clearing and risk management systems—Kraken has the potential to transform US crypto trading standards.

This move is set to attract both retail and institutional traders as the US crypto derivatives market continues to expand rapidly, positioning Kraken at the forefront of this evolving landscape.
https://bitcoinethereumnews.com/tech/exchange-newskraken-buys-small-exchange-to-launch-huge-us-derivatives-platform/?utm_source=rss&utm_medium=rss&utm_campaign=exchange-newskraken-buys-small-exchange-to-launch-huge-us-derivatives-platform

business, economy, finance, investment, IPOs

Mutual funds pump ₹6,420cr in IPOs during September quarter

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**Mutual Funds Pump ₹6,420 Crore into IPOs During September Quarter**

*By Dwaipayan Roy | Oct 11, 2025, 05:29 PM*

Indian mutual funds invested ₹6,420 crore in initial public offerings (IPOs) during the July-September quarter of 2025, marking a 13% increase from the previous quarter. This notable surge in investment is attributed to steady inflows into equity schemes via systematic investment plans (SIPs) and lump-sum investments.

According to data from the PRIME Database, mutual funds have played a crucial role in anchoring IPOs, with their participation as anchor investors rising by 32% to ₹5,129 crore last quarter.

### Surge in Large Issuances

Mutual funds’ investment in IPOs through qualified institutional buyers (QIBs) increased significantly, rising 13% from ₹5,689 crore in the June quarter to ₹6,420 crore in the September quarter. This growth is largely driven by a surge in large issuances over recent months.

The number of fresh issuances also jumped sharply to 46 from just 15 in the previous quarter, reflecting a more vibrant IPO market.

### Mutual Funds as Key Anchor Investors

Mutual funds play a vital role as anchor investors in IPOs. They commit to holding 50% of their shares for 30 days and the remaining shares for 90 days. This lock-in period requirement distinguishes them from non-anchor QIBs, which do not have any mandatory lock-in.

Despite market volatility and subdued benchmark index returns this year, investors continue to place strong confidence in mutual funds. Many see them as a strategic way to tap into India’s long-term growth story.

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*Stay tuned for more updates on market trends and investment insights.*
https://www.newsbytesapp.com/news/business/mutual-funds-ipo-investments-rise-13-in-september-quarter/story