Market Movement:

  • Ethereum (ETH) traded near the $3,930 resistance, holding steady around $3,951.37 with a 24-hour trading volume of $25.6 billion.
  • Cardano (ADA) price has been trading quietly, up 2.2% over the past week.

Key Events:

  • Stablecoin settlement volumes have expanded sharply this year, climbing 70% from $6 billion in February to more than $10 billion by August 2025.
  • Crypto-related mergers and acquisitions (M&A) topped $10 billion in value during the third quarter of this year, the largest total ever recorded for the sector.

Trading Signals:

  • The first XRP ETF reached more than $100 million in assets under management (AUM) barely a month after launch.
  • Cardano whales holding between 10 million and 100 million ADA increased their holdings from 13.16 billion to 13.21 billion ADA, adding about 50 million ADA, worth nearly $32.5 million.

Narrative Shifts:

  • Corporate usage of stablecoins now accounts for nearly two-thirds of total payments, with monthly B2B volume rising 113% to about $6.4 billion.
  • Robert Kiyosaki warns that fear of missing out (FOMO) is real for those clinging to outdated systems instead of embracing scarce, soaring digital assets.

Risk Alerts:

  • Ethereum remains constrained below a key resistance zone that has capped gains for most of October, indicating potential volatility.
  • The surge in crypto M&A signals a clear break from the prolonged downturn that followed the last market cycle.

Opportunities:

  • The expansion of stablecoin payments lifted the cumulative value of stablecoin payments since 2023 to over $136 billion, indicating strong growth potential in this sector.
  • Over 35.7 million ETH, worth roughly $138 billion, are currently staked, reflecting investor conviction in Ethereum’s deflationary model and high yields.

Flows & Positioning

Stablecoin Payments Surge to $10 Billion Amid B2B Growth

Stablecoin payment volumes have surged dramatically, reaching over $10 billion by August 2025, a 70% increase from $6 billion in February. This growth is primarily driven by business-to-business (B2B) transactions, which now account for nearly two-thirds of total stablecoin payments. Monthly B2B transaction volumes have more than doubled, rising 113% to approximately $6.4 billion. This trend indicates that stablecoins are increasingly being utilized in mainstream commerce rather than just trading, marking a significant shift in their use case.

XRP ETF Surpasses $100 Million in AUM Amid SEC Delays

The REX-Osprey XRP ETF has crossed the $100 million mark in assets under management (AUM) just a month after its launch. This rapid accumulation signals a strong institutional interest in regulated exposure to XRP, particularly as the SEC continues to delay new ETF approvals. Investors are drawn to this ETF for its direct spot access to XRP, reflecting a growing appetite for compliant investment vehicles in the cryptocurrency space. The successful launch and swift growth of this ETF could pave the way for more similar products in the future.

Bitcoin Liquidations Hit $40.56 Million as Price Tests Support

Bitcoin experienced a significant shakeout with $40.56 million in long positions liquidated in a single day, pushing its price down to around $111,546. This selling pressure emerged as BTC struggled to break through the resistance level near $114,000. The recent liquidation events highlight market nervousness ahead of key macroeconomic announcements. Despite the pullback, Bitcoin's outlook remains bolstered by ongoing institutional and regulatory support, particularly following positive developments in the EU regarding crypto integration.

Ethereum Whales Accumulate Amid Price Consolidation Below $4,000

Ethereum whales have been actively increasing their holdings, accumulating over 218,000 ETH worth approximately $870 million as the price hovers just below the $4,000 mark. This accumulation comes after a period of selling where this group offloaded around 1.36 million ETH earlier in October. As Ethereum's price approaches critical resistance levels, the recent whale activity may signal a potential bullish reversal. The market is closely watching for a breakout above $3,930, which could trigger further upward momentum.

Rumble's Bitcoin Tipping Initiative

Rumble, a video-sharing platform with 51 million monthly users, is set to launch a Bitcoin tipping feature in partnership with Tether, marking a significant step towards mainstream adoption of cryptocurrency in creator economies. The feature is currently in the testing phase, with a full rollout expected by early to mid-December 2025. This initiative aims to empower creators globally by facilitating payments in Bitcoin and stablecoins, aligning with Rumble's anti-censorship ethos and Bitcoin's foundational principles of financial freedom and decentralization. The first successful Bitcoin tip was recently demonstrated, showcasing the potential for widespread integration into content monetization strategies.

Kiyosaki's Call for Bitcoin Adoption

In a parallel development, Robert Kiyosaki, renowned author and financial educator, has emphasized the importance of Bitcoin and Ethereum as key assets for achieving financial freedom. He warns that the fear of missing out (FOMO) is palpable among investors who continue to rely on traditional financial systems. Kiyosaki's insights reflect a growing sentiment in the market that digital assets are becoming increasingly essential as economic conditions evolve, urging investors to embrace these scarce assets before they miss the opportunity for significant gains.

Corporate & Capital Markets

Valthos Launches With $30 Million Funding

Valthos emerged from stealth on Friday with $30 million in funding backed by the OpenAI Startup Fund, Lux Capital, and Founders Fund. The company aims to develop and use artificial intelligence to detect and counter biological threats in real time, updating medical countermeasures to match the speed of these threats.

Macro & Policy

Crypto.com Pursues OCC Federal Charter Amidst Competitive Landscape

Crypto.com has initiated the process to obtain a federal charter from the Office of the Comptroller of the Currency (OCC), joining other major players in the crypto space such as Coinbase and Ripple. This move comes as Crypto.com has reportedly surpassed Coinbase in transaction volume in recent months, indicating a competitive shift in the market dynamics among cryptocurrency exchanges.

ECB Maintains Current Interest Rates as Economic Conditions Stabilize

Jose Luis Escriva, the governor of Spain's central bank, stated during a panel at the World Economic Forum that the current level of interest rates is deemed appropriate. This statement reflects the European Central Bank's ongoing assessment of economic conditions and its commitment to maintaining stability in the financial system, which could influence investor sentiment in the crypto market.

Binance Strengthens Ties with Kyrgyzstan to Foster Blockchain Development

Binance's CEO, CZ, has been actively working to enhance relationships with Kyrgyzstan, positioning the country as a potential blockchain hub in Central Asia. This initiative underscores Binance's strategy to expand its influence and promote blockchain technology in emerging markets, which may lead to significant developments in the regulatory landscape of the region.

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