Key takeaways: XRP price dropped 7.5% this week despite the upcoming Ripple Swell event, which has historically sparked pre-conference rallies. XRP’s rounded top chart pattern projects a drop to $2.09 if support levels fail to hold. Ripple’s annual Swell conference, scheduled for Nov. 4-5 in New York, promises a lineup that marks one of the strongest intersections of crypto with US policy and traditional finance. However, XRP (XRP) bulls largely ignored the possible impacts of the event, with the price falling 7.5% since Monday, while continuing its prevailing downtrend, as…
Month: October 2025
Why is Bitcoin price on track for first red October in seven years?
Bitcoin is down 5.51% this month, which is on track to be the first red October in seven years. Summary Bitcoin price is on track to break its seven-year streak of “Uptober” gains Experts cite macro uncertainty and recent ETF outflows Bitcoin’s October streak is broken. After seven straight years of gains, the world’s top cryptocurrency is set to log its first negative October since 2018. This year, October was marked by heightened macroeconomic uncertainty, which weighed on crypto markets as a whole. On October 31, Bitcoin (BTC) traded at…
SilentSwap Blocks US Users, Cites OFAC Compliance
Key Notes The platform enables swaps across eight blockchains and up to 16 destination wallets using confidential routing technology. Terms of Service state the protocol collects no personal data and purges transaction records daily, raising enforcement questions. Shibtoshi previously turned 37 ETH into Shiba Inu holdings worth over $5.7 billion during the meme coin’s 2020-2021 bull run. SilentSwap launched its V2 protocol on Oct. 31, 2025, offering cross-chain privacy swaps. The platform was founded by Shibtoshi, a pseudonymous figure known for amassing billions in Shiba Inu holdings. The protocol operates…
Could the Trump administration look to invest in Australian mining companies next? | The Business
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io The Trump administration has taken a stake in several mining companies. Earlier this week, Australia’s South32 sold part of its stake in Canadian Trilogy Metals to the US Department of War. UNSW Business School associate professor, Mark Humphery-Jenner, says the strategy is partly due to the US push to reduce its reliance on China for critical minerals. But he says it’s also done for commercial reasons, where the government wants to be able to earn a profit. Professor Humphery-Jenner says the practice…
Bitcoin White Paper Turns 17 As BTC Faces First Red October In 7 years
Update Oct. 31, 6:31 p.m. UTC: This article has been updated to include comments from Narek Gevorgyan, the founder and CEO of CoinStats. Bitcoin’s foundational document turned 17, marking the journey of the world’s first decentralized digital currency from a niche financial experiment to a $2 trillion global asset held by governments and institutions. Bitcoin creator Satoshi Nakamoto first shared the Bitcoin white paper 17 years ago today, on Oct. 31, 2008, in response to the global financial crisis. The document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” described a…
Deutsche Telekom Joins Theta Network as Validator
Key Notes Deutsche Telekom is now one of Theta Network’s enterprise validator node operators. Google, Samsung, and Sony are among the top firms in the Theta validator network. These validators will stake THETA and earn TFUEL as staking rewards. Top telecommunication firm Deutsche Telekom has joined the Theta Network as an enterprise validator node operator. The latter announced the new development on Oct. 31, noting that Deutsche Telekom is the first of its kind on its blockchain. This feat marks a major advancement for the Germany-based firm. Deutsche Telekom Joins…
ETH Near $3,800 Breakdown as Ethereum ETF Outflows Surge
Key Notes Crypto market expert Ted Pillows noted that ETH price is at risk unless it regains strength above $4,000. 10x Research report shows that ETH demand among institutions and treasury firms is declining. Spot Ethereum ETFs recorded $184 million in outflows on October 30, led by BlackRock’s ETHA, which saw $120 million withdrawn. Ethereum ETH $3 862 24h volatility: 0.2% Market cap: $467.25 B Vol. 24h: $36.05 B price continues to face major selling pressure and investors are losing hope as bulls fail to defend the $4,000 levels. With…
Wave 3 Target Suggests That The XRP Price Is Headed For $10
Crypto analyst XForce has predicted that the XRP price could rally to $10 on a wave 3 impulsive move to the upside. The analyst also indicated that the bottom was in for XRP even as the crypto market remains in a downtrend. XRP Price Headed To $10 On Wave 3 Move In an X post, XForce told XRP holders to get ready for a rally to $10 or higher, which he described as a conservative wave 3 target. He noted that there are minor market inefficiencies in the local timeframes…
Bitcoin (BTC) Price Is Stuck: Analysts Explain Why
Key Notes Bitcoin is going to end October in the red for the first time in seven years. Long-term holders continue selling, limiting upside potential. Analysts remain optimistic despite short-term correction signs. Despite expectations of a strong rally in October, Bitcoin’s BTC $110 197 24h volatility: 1.3% Market cap: $2.20 T Vol. 24h: $66.88 B price appears stuck, trading flat and struggling to regain momentum. With only hours left in the month, the largest cryptocurrency records 3.3% monthly drop, hovering just below the $110,000 mark. If the current trend holds,…
Canaan’s BTC Miners Load Balance Electric Grid in Japan
Mining hardware producer Canaan has won a contract to supply 4.5 megawatts (MW) of Bitcoin mining application-specific integrated circuits (ASICs) for a project designed to help stabilize Japan’s electric grid. According to a Thursday announcement, the company will supply an electrical engineering solutions provider with Bitcoin mining ASICs with a capacity of 4.5 MW for the project. The project will deploy Canaan’s new Avalon A1566HA-488T water-cooled mining ASICs for “real-time grid balancing and energy-efficiency optimization,” Canaan said. The mining operation will run continuously and utilize controlled overclocking and underclocking, adjusting…