Coinedition
Eastern Europe receives $499B in crypto, driven by institutional and DeFi growth. Russia’s crypto inflows grow as sanctions boost use of domestic and no-KYC exchanges. Ukraine aligns with the EU’s MiCA regulations, aiming for regulated crypto adoption and investment.
XRP faces recurring resistance in market cap, highlighting struggles to maintain higher levels. Technical indicators reveal bearish sentiment, with weak buying pressure and near-oversold status. The SEC lawsuit adds uncertainty for XRP, though Ripple’s legal team remains optimistic about appeals.
Solana’s DEX volume reached $52.157B in October, surpassing Ethereum’s $41.499B. Solana processed over 14 million transactions in 24 hours, far exceeding Ethereum’s 268,621. Solana’s DEX TVL stood at $75.73B, nearly 14 times higher than Ethereum’s $5.58B.
BNB’s 29th token burn slashes supply by 1.77M tokens, enhancing scarcity and value. Strong resistance at $586 and $590 signals potential breakout for BNB price action. Support levels at $573 and $570 hint at consolidation amid a slight downward trend.
BitMEX Founder Arthur Hayes prefers Solana over Ethereum, calling the former a “high beta Bitcoin.” Hayes’ interest in Solana is based on its highly responsive nature and strong liquidity. The founder clarified that he would maintain his long-term position in Ethereum.
BlackRock has no immediate plans to launch an XRP ETF, according to Jay Jacobs, the firm’s Head of ETF Department. The firm is focusing on expanding the reach of its Bitcoin and Ethereum ETFs. XRP ETF approval may be delayed, with the SEC’s response timeline stretching to the end of 2025.
OpenSea’s Cayman Foundation sparks speculation of a token launch or airdrop. Gemesis NFTs see a 200% trading spike amid rumors of OpenSea rewards system. OpenSea’s V2 platform may offer retroactive rewards, boosting Gemesis NFT value.
Altcoins face reduced leverage, signaling cautious market sentiment this week. BONK struggles with bearish momentum, testing key support levels for stability. WIF and DOGE show consolidation patterns, with critical resistance limiting gains.
Anthony Apollo excluded Cardano from the Wyoming Stablecoin project. Apollo thinks Cardano is not decentralized. Cardano satisfied four of the five requirements from the commission.
Bitcoin could soar to $200K in 2025, driven by institutional adoption and ETF flows. Coinbase is forecasted to join the S&P 500 and surpass Charles Schwab in valuation. Stablecoin adoption and tokenized real-world assets are set to double, reshaping global finance.
