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Peter Zhang Nov 03, 2025 02:39 Cardano trades at $0.59 after losing $2.3 billion in liquidity over four days, with technical indicators suggesting potential recovery from oversold conditions. Quick Take • ADA trading at $0.59 (down 3.5% in 24h) • $2.3 billion liquidity exit over four days pressures price action • Testing critical long-term support at lower Bollinger Band • Following broader crypto weakness as Bitcoin declines Market Events Driving Cardano Price Movement The primary catalyst behind ADA’s recent decline has been a significant liquidity drain, with over $2.3 billion exiting the market…

The US-China tariff conflict, a major source of market anxiety throughout October, was resolved. Despite this positive development, Bitcoin failed to rally last week, posting a 1.72% weekly decline.The crypto market’s failure to respond to clear positive news signals a profound weakening of its upward momentum. Ethereum fell 2.55% for the week, while Solana (SOL) also declined 4.76% over the same period.Sponsored SponsoredGeopolitical Gains vs. Crypto SlumpThe crucial period for crypto investors was between October 29 and 30. This timeframe encompassed the Federal Reserve meeting and the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping.China acquiesced…

Good Morning, Asia. Here’s what’s making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas.Bitcoin BTC$109,797.89 is trading above $110,000, and Ether is at $3,880 as Hong Kong begins its business week.Both major digital assets are down significantly in the last 30 days, with BTC in the red by 10% and ETH 14% as traders continue to consolidate positions.In a note, market maker FlowDesk said that its clients have mostly paused adding…

Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations, Josh Kane, indicated that while the firm is happy with its work in Bitcoin mining initiatives, its broader focus is now on “monetizing megawatts.”“As our strategy has evolved, so has our approach to our Bitcoin mining business. We no longer see Bitcoin mining operations as the…

In brief The New York court issued a provisional order under Section 1519 directing Circle to maintain the freeze on three Ethereum wallets. A related class action by U.S. investors seeking the same funds has been paused pending the Chapter 15 review. The case will determine whether Singapore’s liquidation of Multichain qualifies for formal recognition in the U.S. A New York judge temporarily extended a freeze on wallets holding roughly $63 million in stolen USDC stablecoins on Thursday, backing a request from Singapore liquidators of collapsed crypto bridge Multichain as they seek U.S. recognition of the case.Judge David S. Jones…

The BSC memecoin launchpad experienced explosive growth this month.Mutlichain memecoin launchpads continue to pop up, and with BNB Smart Chain (BSC) activity taking off, the chain’s go-to memecoin launchpad, FourMeme, is now earning more revenue than Solana-based pumpfun.Over the last 30 days, FourMeme has earned $43 million in fees, outpacing pumpfun by 13%, making it the fourth-largest revenue generator in DeFi, trailing only Hyperliquid, Circle, and Tether.FourMeme Volume and Revenue – DeFiLlamaWhile memecoin trading activity has fallen off significantly from the beginning of the year, memecoin trading infrastructure continues to rake in profits, with FourMeme, Pumpfun, Jupiter, Axiom, and PancakeSwap…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) is struggling to hold the $110,000 support level as price pressure intensifies heading into the final days of the month. Market structure remains fragile following recent volatility, and several analysts warn that BTC could still retest lower demand zones before establishing a stronger base. With liquidity pockets sitting below current price and sellers showing persistence near resistance, short-term downside cannot be ruled out as traders reassess positioning after the Federal Reserve’s policy shift. However, not all signals point to weakness. Many investors remain optimistic as…

Blockchain technology has not only set new benchmarks for innovation but also introduced new career opportunities. If you are interested in Blockchain and want to become a blockchain professional with a thriving career, try the new blockchain career accelerator program launched by 101 Blockchains. Our blockchain career accelerator program is not just a collection of courses and certification programs. It offers the most structured roadmap you can find to build your career in the domain of blockchain and Web3. Do you want to become a blockchain expert and don’t know where to start? You can pursue the career path you…

Despite bullish scarcity signs, Binance’s Whale Ratio rose to 0.41, hinting large holders may be preparing to sell. Bitcoin’s available supply on the world’s largest crypto exchange is shrinking quickly. This deepening scarcity, one of the most pronounced readings in months, comes as data suggests large-scale investors are accumulating the asset, setting the stage for a potential supply squeeze. Conflicting Signals from Large Holders Data from October shared by Arab Chain shows that Binance’s Bitcoin Scarcity Index moved upward through the month, jumping sharply in late October to exceed a reading of 9. This index is a direct measure…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s bold move into traditional finance is approaching an important milestone. The company’s application with the US Office of the Comptroller of the Currency (OCC) for a national trust bank charter, proposed under the name Ripple National Trust Bank, has entered its final review window.  According to official OCC filings, the standard 120-day review period following the application’s publication is set to conclude this Friday, October 31. Ripple’s Application For A National Trust Bank License Ripple applied for a national trust bank charter from the Office of…