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Cardano Foundation Backs Proposal to Expand ADA and SNEK Global Listings

Lele Jima
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Cardano Foundation Backs Proposal to Expand ADA and SNEK Global Listings

The Cardano Foundation has cast a Yes vote on a key treasury withdrawal proposal to expand global exchange listings of Cardano Native Tokens (CNTs).

The proposal, submitted by the Snek Foundation team last month, seeks to enhance the international exchange presence of Cardano-based tokens and support broader ecosystem growth. Specifically, the Foundation voted Yes on the Treasury Withdrawal request titled “Loan ₳5,000,000 to Expand Cardano’s Global Listings.”

Reactions to Initial Request for 5M ADA Grant

For context, the Cardano community has been debating this initiative for several months. Early discussions centered on withdrawing 5 million ADA, currently valued at approximately $2.11 million, initially framed as a grant intended to fund the listing of SNEK and other Cardano-based tokens on major global exchanges.

However, the proposal has also faced notable pushback. Cardano founder Charles Hoskinson stated that treasury funds will not be used to finance exchange listings for ecosystem tokens such as SNEK and NIGHT.

Additionally, the Cardano Foundation initially abstained from voting on the proposal in August, noting that further clarification was required before it could take a definitive position.

Cardano Foundation Changes Vote to Yes

More than two months after initially abstaining, the Cardano Foundation has updated its position and cast a decisive “Yes” vote. One of the most significant changes that influenced this shift is the proposal’s evolution from a non-repayable grant to a structured, repayable loan. It believes this adjustment will further strengthen accountability and enhance long-term sustainability.

The Foundation also emphasized the added oversight introduced through Intersect’s role as administrator and the establishment of a qualified advisory board. It pointed out that the move brings greater structure, transparency, and professionalism to the process.

Additionally, the Foundation noted that earlier concerns linked to a related Budget Info Action have now been resolved. The nonprofit expressed confidence that any remaining inconsistencies, particularly those involving coordination between the budget info action and the new loan withdrawal, will be clarified in future governance steps.

Voting Results

According to the internal voting record, four constitutional “Yes” votes were cast, with no unconstitutional votes, no abstentions, and only one entity that did not participate.

At press time, constitutional committee support for the proposal had climbed to six “Yes” votes (85.71%), with one member abstaining. The remaining 14.29% of constitutional votes have not yet been cast.

Among DReps, 75.98% have voted in favor, 8.02% abstained, and 16% have not yet participated. Voting began on October 23, 2025, and is scheduled to end on November 25, 2025.

Voting Results on SNEK Proposal
Voting Results on SNEK Proposal

Cardano Founder Says Macro Factors Can’t Control Cardano Again

Elendu Benedict
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Cardano Founder Says Macro Factors Can’t Control Cardano Again

Cardano founder Charles Hoskinson has expressed discontent with macroeconomic factors’ control over ADA.

Notably, Cardano and the broader cryptocurrency market have been rattled several times by certain macro factors. From tariffs to traditional bank crashes and political tensions, these have all impacted prices at one time or another.

Cardano Founder Is Fed Up

Hoskinson is growing increasingly frustrated by these developments. In his recent podcast, he said he is “tired” and wants a quick, lasting change to make Cardano less dependent on macroeconomic factors.

“I am tired of the four-year decline; I think you are too,” Hoskinson added.

Notably, ADA has failed to impress over the last four years, after hitting its all-time high of $3.10 in 2021. The altcoin has pulled back by 86.4% to its current price of $0.42. It has maintained this bearish trajectory despite being in the post-halving bullish phase in its historical four-year cycle.

While ADA rebounded 500% from the 2023 low of $0.22 to $1.32 in December 2024, it has failed to reach new all-time highs, as it has in previous cycles. Instead, it has nearly relinquished most of those gains, cutting them down to 90%.

Macro Factors as Major Decline Catalyst

Hoskinson blames this underwhelming performance on unnecessary control of macroeconomic factors on cryptocurrencies. The Cardano founder highlighted that these events dictate the market’s mode, no matter the progress Cardano makes in the innovation and institutional adoption fronts.

“(Donald) Trump tweets something, tariffs come out, or some goddamn bank that we’ve never heard of collapses, and suddenly the market goes down 20%,” he stated.

For perspective, Cardano was part of a Bitcoin-led early April crash that wiped out over a billion dollars from the cryptocurrency market in 24 hours. The heavy correction before an intensive rebound was driven by Trump’s tariff imposition on several countries.

The historical October 10 crash also followed a Trump tweet about a 100% tariff increment on Chinese goods, amid a short-lived rare-earth dispute. Cardano crashed to $0.27 on Binance before a sharp rebound to $0.70. Notably, ADA has been in a downtrend since then, correcting nearly 50% from its October 10 opening price.

Hoskinson Calls for Unity to Craft Own Path

Meanwhile, Hoskinson noted that it was time for Cardano and the broader crypto ecosystem to unite against this menace. He said it was time for them to go “their own way,” suggesting a depeg from the risk asset category.

For this to come to fruition, Hoskinson stated that the industry must unite and build independently of these external forces. He believes that doing this would prevent this uncontrolled impact on the space.

Binance Hit With New U.S. Lawsuit Over Alleged Crypto Support for Hamas

Zabi
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Binance Hit With New U.S. Lawsuit Over Alleged Crypto Support for Hamas

More than 300 victims and families of those harmed in Hamas’s 2023 assault on Israel have filed a sweeping lawsuit against Binance and its senior leadership. 

Specifically, the group claims the crypto exchange knowingly allowed digital transactions that supported Hamas before the October 7 attack.

Case Filed Under Anti-Terrorism Law

The plaintiffs brought the case under the Justice Against Sponsors of Terrorism Act, arguing that Binance, its co-founder Changpeng Zhao, and senior executive Guangying Chen provided “substantial assistance” to U.S.-designated terrorist groups. 

According to the filing, Hamas, Hezbollah, and other organizations moved over $1 billion in crypto through Binance accounts. The transactions allegedly took place without proper oversight.

Expanded Transaction Details Cited in Complaint

The 284-page lawsuit also presents a broader picture of suspected activity than what U.S. authorities disclosed in 2023. At that time, regulators revealed a series of illicit transfers after Binance admitted to anti-money laundering violations and agreed to pay $4.3 billion in penalties.

Subsequently, Zhao pleaded guilty, served a four-month sentence, and received a pardon from President Donald Trump last month. Meanwhile, Chen, despite being named in the civil case, was never charged in the criminal proceedings.

Venezuelan Gold Network Added to Allegations

The complaint extends beyond crypto transfers and alleges a link to Venezuelan gold-smuggling networks.

Specifically, victims say criminal groups mined gold in Venezuela and moved it to Iran, where it was used to support Hamas and Hezbollah. For instance, one woman, identified as a 26-year-old Venezuelan tied to the network, is accused of receiving $177 million in crypto and withdrawing $43 million in cash through Binance accounts.

Regulatory Failures Highlighted by U.S. Officials

The lawsuit reinforces earlier findings from the U.S. Department of Justice and the Financial Crimes Enforcement Network, or FinCEN. 

In 2023, both agencies stated that Binance employees were aware of suspicious transfers occurring on the platform. They also noted that Hamas’s al-Qassam Brigades used Bitcoin to raise funds and that Binance failed to submit required suspicious activity reports.

Binance’s Previous Admission of Compliance Gaps

Following this, Binance publicly acknowledged its “historical compliance shortcomings.” Additionally, the company stated that it had begun reorganizing leadership, strengthening oversight systems, and aiming for higher compliance standards.

However, the new lawsuit argues that these steps came too late and did not prevent earlier misuse of the platform.

Venue Disputes Continue Across Multiple States

This case is now one of four legal actions in the United States accusing Binance of enabling Hamas-linked activity. Courts in New York, Alabama, and North Dakota are handling related claims, each raising questions about where Binance can be sued, since the company is not headquartered in the U.S.

The North Dakota filing attempts to establish jurisdiction by pointing to at least two transactions linked to IP addresses in the state.

Families of U.S.-Israeli Victims Join the Claim

The plaintiffs include survivors and families of several U.S.-Israeli victims. Among them are relatives of Hersh Goldberg-Polin, Itay Chen, Danielle Waldman, and the son of Israeli ambassador Yechiel Leiter. 

Under federal law, companies found liable for aiding international terrorism can face triple damages.

The lawsuit, titled Balva v. Binance Holdings, 25-cv-266, is pending in the U.S. District Court for the District of North Dakota.

Pundit Shares How the Narrative for Full XRP Price Explosion in Coming Months Is Building

Sam Wisdom Raphael
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Pundit Shares How the Narrative for Full XRP Price Explosion in Coming Months Is Building

While the XRP ETFs have not triggered the sudden price surge many expected, a market commentator has noted how these funds could build momentum for a full price explosion.

XRP now has four spot ETFs, with two, the Grayscale and Franklin products, launching as recently as Nov. 24 and the first debuting on Nov. 13. Together, these products have attracted a cumulative net inflow of $586 million, surpassing the total inflows of the six Solana ETFs despite entering the market weeks later.

XRP Price Post ETF Launch

However, following the launch of the Canary Capital XRP ETF on Nov. 13 and the Bitwise product a week later, XRP’s price continued to slide with the rest of the market. While the price has staged an impressive recovery this week, up more than 8% over the past 24 hours, some have attributed this rebound to broader market resurgence rather than ETF inflows alone.

These commentaries have led to concerns that the ETF products have not lived up to the expectations among market participants, especially considering the hype leading to their debut. Amid these concerns, community commentator and game designer Chad Steingraber recently highlighted a trend he observed that seems to connect ETF trading to price movements.

According to Steingraber, during ETF trading hours, the XRP price appears to rise slightly. He claimed that when the trading hours for these products begin, XRP’s price increases by mere cents. He suggested that this pattern “makes the performance of the XRP ETFs look phenomenal.”

XRP Price Surges During U.S. Trading Hours

Notably, The Crypto Basic put this claim under scrutiny and found some truth in it. For context, the normal U.S. trading hours run from 9:30 AM to 4 PM (ET), which translates to 2:30 PM to 9:00 PM (UTC) on the current standard time. 

Market data shows that XRP dropped from $2.08 to $20.6 from 1:30 PM to 2:30 PM (UTC) yesterday. However, after standard U.S. trading began at 2:30 PM, the price recovered sharply, soaring from $2.07 at 2:30 PM to a peak of $2.285 at 8:30 PM, thirty minutes before U.S. trading was scheduled to end. 

XRP 15m Chart
XRP 15m Chart

This run represented an impressive 10.39% increase within seven hours, taking XRP to a one-week high. Interestingly, after U.S. trading closed, the run met resistance and prices began consolidating. XRP has continued to consolidate since then, holding around the $2.24 level.

Steingraber highlighted this trend, noting that after trading hours, the price tends to go flat or even correct. While this performance aligned perfectly with U.S. trading hours, it may actually be purely coincidental. However, Steingraber doesn’t appear to think so. He suggested that the price goes back up when trading resumes.

According to the market commentator, these mild price surges during trading hours could help build up the momentum toward an explosive price surge from XRP over the next few months. “This builds up momentum and the narrative for a full price explosion in a few months or less,” he said.

In a subsequent disclosure, Steingraber claimed that the XRP ETFs could act as the vehicles for increasing XRP’s value “for global utility and liquidity access.” The market pundit suggested that this could materialize in the coming months.

Franklin Templeton Says XRP Plays a Foundational Role in Global Settlement Infrastructure

Abdulkarim Abdulwahab
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Franklin Templeton Says XRP Plays a Foundational Role in Global Settlement Infrastructure

Global asset manager Franklin Templeton, which oversees more than $1.7 trillion in assets, has recognized the core role of XRP in global payments.

This recognition coincides with Franklin’s official launch of its new XRP ETF (XRPZ) on Monday. The ETF aims to offer traditional market participants an accessible way to gain exposure to XRP without directly holding the token.

Franklin stated that because XRP enables fast, low-cost international payments, launching the ETF was a natural addition to its growing digital asset offerings.

Why Franklin Templeton Says XRP Is “Foundational”

In its announcement, Franklin Templeton emphasized XRP’s unique position within the digital payments landscape.

Roger Bayston, the firm’s Head of Digital Assets, said blockchain innovation is transforming global finance, and XRP adds a key incentive layer for decentralized networks. He explained that in a diversified digital portfolio, XRP acts as a core asset, offering proven utility, liquidity, and institutional-level transparency through the ETF.

Bayston also noted that XRPZ simplifies investing by managing the tokens directly while providing daily transparency, regulated custody, and liquidity.

David Mann, Head of ETF Product and Capital Markets, reinforced these views. He stated that XRP’s role in global settlement infrastructure makes it a compelling addition to Franklin’s lineup of digital asset ETFs.

XRPL’s Role in Global Payments and Settlement

Franklin Templeton highlighted that the XRP Ledger (XRPL), launched in 2012, is designed for payments, remittances, and tokenization.

The network can handle thousands of transactions per second and is already used by banks, payment providers, and fintechs for fast, cross-currency settlements. Its energy-efficient, low-cost design makes it one of the most practical blockchains for real-world finance.

This proven utility is why Franklin Templeton sees XRP as important for the growing global digital payments ecosystem.

ETF Structure, Custody, and Oversight

XRPZ is a grantor trust that holds actual XRP as its underlying asset. Daily NAV calculations are based on the fund’s holdings and the CME CF reference rate. The product incorporates institutional-grade partners, including Coinbase as XRP custodian and Bank of New York Mellon as administrator and cash custodian.

XRPZ now joins Franklin’s expanding set of U.S. digital asset ETPs, which already includes:

  • Franklin Bitcoin ETF (EZBC)
  • Ethereum ETF (EZET)
  • Crypto Index ETF (EZPZ)

Impressive First-Day Flow

Notably, XRPZ saw an impressive first-day launch, with $62.59 million in inflows. Other XRP ETFs that launched earlier this month also reported significant inflows by the end of Monday trading.

In particular:

  • Grayscale’s GXRP saw $67.36 million in inflows
  • Bitwise and Canary Capital registered $17.71 million and $16.38 million, respectively

Cumulatively, Monday saw $164 million in inflows into XRP, bringing total assets under management for XRP ETFs to $628.62 million.

XRP ETF flows
XRP ETF flows

Cardano Founder Hails Ripple CEO as Crypto’s Hardest-Working Advocate for the CLARITY Act

Lele Jima
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Cardano Founder Hails Ripple CEO as Crypto’s Hardest-Working Advocate for the CLARITY Act

Cardano founder publicly praised Ripple CEO Brad Garlinghouse for his major role in advancing the CLARITY Act in Washington, D.C. 

The U.S. crypto industry has made significant progress toward regulatory clarity. After facing a hostile environment and aggressive enforcement actions under the previous administration, the sector is now seeing genuine efforts to establish clear, sensible rules. 

Earlier this year, the country enacted its first dedicated stablecoin regulation, the GENIUS Act, and is now moving closer to passing the CLARITY Act. The CLARITY Act is a proposed U.S. bill that would establish clear rules for digital assets by defining key categories like digital commodities, securities, and stablecoins, and assigning oversight to the SEC and CFTC. 

Ripple CEO Is the Hardest Working Person Advocating for CLARITY Act 

In a recent commentary, Cardano founder Charles Hoskinson praised Ripple CEO Brad Garlinghouse as the industry’s hardest-working leader, pushing the CLARITY Act forward. 

He praised Garlinghouse for being extremely active in advancing the CLARITY Act, noting that the Ripple CEO visits Washington, D.C., almost every day to meet with lawmakers, their teams, and other officials to advance the bill. 

He noted that Garlinghouse has been relentless in championing regulatory clarity for the industry, calling his sustained efforts a major factor in advancing the CLARITY Act. In light of this contribution, Hoskinson expressed his appreciation and thanked Garlinghouse for his dedication. 

Ripple CEO’s Push for Regulatory Clarity 

Garlinghouse has long been a leading advocate for clear and practical crypto regulation in the United States. His efforts intensified after the SEC sued Ripple, a legal battle the company fought for nearly five years. 

Since then, he has participated in multiple high-profile discussions and even testified before the U.S. Senate on regulatory proposals, including the CLARITY Act. His goal is to advocate for clear rules that allow U.S.-based crypto businesses to thrive based on their merits. 

These efforts, alongside support from other industry leaders, are beginning to show results. The U.S. enacted its first comprehensive stablecoin regulation in June, and analysts expect the CLARITY Act to follow soon. 

Progress on CLARITY Act 

In the meantime, lawmakers have already begun debating the bill, with efforts underway to merge it with the House-passed Crypto Market Structure bill from July. 

According to journalist Eleanor Terrett, markups and votes on the bipartisan draft are scheduled for early next month. After that, the Senate and House versions will be consolidated into a single legislative text.

Senate Banking Committee Chairman Tim Scott has expressed interest in bringing the unified bill to the Senate floor for a vote early next year. If it passes, it will move to the House for final approval before heading to the President’s desk. However, Terrett noted that the CLARITY Act is unlikely to become law before 2026 due to delays caused by the prolonged U.S. government shutdown. 

According to Hoskinson, the passage of the CLARITY Act could open the door for major technology companies to enter the blockchain sector, potentially driving the broader crypto market toward an ambitious $10 trillion valuation. 

Analyst Says XRP Structure Doesn’t Signal Bear Market Despite Looming Death Cross

Mark Brennan
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Analyst Says XRP Structure Doesn’t Signal Bear Market Despite Looming Death Cross

While XRP may be approaching a death cross, where a shorter MA moves below a longer MA, analyst EGRAG insists the structure doesn’t point to a bear market.

EGRAG made this assertion while discussing XRP’s current bearish disposition, as price struggles alongside the broader market. Despite a recent recovery attempt over the last two days to $2.24, XRP remains in a bearish position, down 10.72% this month after shedding 11.9% of its value in October.

Looming Death Cross

Amid the downtrend, EGRAG found that XRP may be close to registering a death cross on the 3-day chart, an event that might trigger steeper declines. For context, a death cross typically occurs when a shorter moving average (like the 50 MA) moves below a longer moving average (like the 200 MA). 

EGRAG confirmed that this imminent death cross has triggered emerging concerns among analysts, who have now begun calling for a potential slip into a full-blown bear market. However, he doesn’t subscribe to this interpretation. EGRAG insists that “the structure tells a different story.”

According to him, a true death cross, which leads to further price declines, only emerges when the token trades below both the 50 MA and the 200 MA. In addition to this factor, momentum has to be rolling over. This is currently not the case for XRP, as the token currently holds above the 200 MA, with this moving average itself pushing upward, not downward.

XRP 3D Chart EGRAG Crypto
XRP 3D Chart | EGRAG Crypto

XRP Leaning More Toward 2017 and 2021 Than 2018

EGRAG insists that this structure does not lean toward a classic death cross. Meanwhile, he also pointed out that some analysts have cited historical context from the 2018 crash. Specifically, after reaching the $3.31 peak in January 2018, XRP dropped to $0.3348 in August of that year. This marked a near 90% drop within eight months.

Some analysts have reminded investors that a death cross also emerged in 2018 amid this crash, suggesting that a similar trend could be playing out today. However, EGRAG dismissed these claims. According to him, in 2018, prices already collapsed before the death cross emerged. Essentially, the price crash led to the death cross, not the other way around.

Instead, EGRAG says XRP seems to be repeating the patterns observed in 2017 and early 2021. He noted that in the 2017 and 2021 periods, XRP witnessed three patterns involving tight moving averages, price above the 200 MA, and compression, which eventually led to an explosive price surge. The analyst insists that the current cycle also follows these patterns.

He then highlighted what he believes will be the “most probable scenario” for XRP in the future. According to him, the structure suggests that XRP currently trades within a late-cycle consolidation phase, which typically precedes a final explosive surge to greater heights. He insists that this does not look like the start of a bear market.

Is Bitcoin Entering Another 2022-Style Crash? Analyst Warns of Rising-Channel Breakdown

Mark Brennan
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Is Bitcoin Entering Another 2022-Style Crash? Analyst Warns of Rising-Channel Breakdown

The current Bitcoin pullback is closely tracking the same rising-channel breakdown pattern that preceded the 2022 downturn.

Currently, Bitcoin trades at $86,301, down 0.5% over the past day and increasing its weekly loss to 9.6%. This downturn has extended its loss over the past month to 23%.

Now, a chart shared by analyst CryptoBullet suggests that Bitcoin is once again trading inside a rising channel similar to the one seen from late 2021 through mid-2022. That earlier channel eventually broke down, leading to a prolonged correction that carried prices toward the $15,000 region.

CryptoBullet captioned the comparison “Déjà vu all over again,” highlighting how the current setup tracks the earlier cycle.

Image

A Look Back at the 2021–2022 Bitcoin Breakdown

In the first cycle, Bitcoin price traded consistently within an upward channel from January 2021 to November 2021. It saw prices rise above $64,000 in April and $68,000 in November 2021 before the bear market set in. Bitcoin price then slipped toward the lower trendline at $33,500, which initially held as support throughout mid-2021.

However, that stability faded in 2022 as Bitcoin dropped below its 50-week moving average, an early signal that the trend was weakening. Once support gave way, the decline accelerated into late 2022, ultimately sending BTC toward $15,000.

A Nearly Identical Channel in the Current Cycle

According to the chart, Bitcoin’s price action in 2025 is unfolding in a nearly identical channel. BTC reached the upper boundary of this range in October, when it hit an all-time high above $126,000, before the current sharp reversal.

It is now testing the lower boundary again, below $86,000, where it has also fallen below the 50-week moving average, another similarity to the pre-2022 setup.

The chart also outlines potential scenarios: a rebound toward the mid-channel region around $100,000–$110,000, or a deeper breakdown if support fails. A decisive move below the current range could expose downside targets at $63,000 and $43,500, highlighted in the chart with red arrows.

What Other Analysts Expect Next

Multiple analysts have presented their interpretations of the recent pullback. Vivek Sen noted that Bitcoin has now completed a typical 30% correction into the 0.618 Fibonacci retracement area around $89,000, with the RSI revisiting a zone that has historically marked bottoms.

Image

Calling the setup “Bitcoin is about to go parabolic,” he suggests a strong rebound may follow if the pattern repeats.

Short-term Holders Selling at Loss

Meanwhile, data from CryptoQuant shows short-term BTC holders are selling at a loss once again. Analyst Crypto Dan adds that the dip resembles previous corrective lows and could signal either the end of the pullback or the beginning of a deeper slide.

While he does not expect a severe 70% crash, he warns that losing the $80,000 level would increase downside risk. Bitcoin currently sits about 32% below its early-October all-time high after a weekly drop of nearly 10%.

Elsewhere, analyst Captain Faibik observes that Bitcoin remains trapped below a key resistance area. A confirmed breakout, he says, could produce a 10%–12% move toward roughly $96,541.

Meanwhile, CryptoQuant highlights the broader market environment as the most bearish since January 2023, citing weak institutional inflows and a Bull Score Index of 20, with the current cycle potentially stretching into 2026.

China Rejoins Top Three Global Bitcoin Miners

Zabi
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China Rejoins Top Three Global Bitcoin Miners

China’s covert Bitcoin mining industry is expanding again, four years after the government outlawed the practice.

Fresh data suggests the country has quietly regained a significant share of global mining power.

China Reclaims Third Position in Global Hashrate

According to Hashrate Index, China now accounts for 14% of global Bitcoin hashrate, or about 145 exahashes per second. This renewed position places the country third worldwide.

The United States leads with nearly 38%, while Russia follows with more than 15%. These figures rely on IP-based measurement, which can be skewed by VPN use in regions where mining remains restricted. Nevertheless, the estimates highlight an apparent resurgence in China’s mining footprint.

Interestingly, this resurgence comes despite no policy change since Beijing banned all crypto mining and trading in 2021. China’s central bank and state planners have not signaled any softening of that stance.

Yet, mining continues to return, largely driven by attractive economics in remote regions where excess energy remains abundant.

Xinjiang Becomes the Center of Renewed Activity

Reuters reported that the revival is most visible in Xinjiang, where miners have leveraged cheap power and growing data infrastructure. The report added that private operators have resumed activity in late 2024, and new facilities are now under construction.

Xinjiang’s ample power supply, much of which cannot be exported outside the region, has made it a natural hub for underground mining. This environment has allowed operators to scale quickly despite regulatory risks.

Hardware Sales Strengthen Evidence of Return

Furthermore, this rebound is also reflected in the equipment market. Canaan Inc., one of the largest global producers of Bitcoin mining machines, derived 30.3% of its worldwide revenue from China in 2024, a sharp increase from 2.8% in 2022.

According to a source with direct knowledge of the company’s performance, China accounted for more than half of its sales in the second quarter of 2025.

Backing this trend, CryptoQuant estimates that 15–20% of global Bitcoin mining capacity may now reside in China. Together, these figures further confirm a broad, sustained rebound.

Price Swings Add Fuel to the Mining Rebound

Meanwhile, the mining expansion has also coincided with notable fluctuations in the Bitcoin price. The world’s largest cryptocurrency climbed to a record $126,200 in October and has dropped to $80,600 since then. This marks a decline of over 33%.

Despite the volatility, elevated prices have kept mining profitable. This has encouraged both new investment and the revival of older, dormant operations across China.

Indications of a Possible Strategic Shift

Although the national ban remains in place, several recent developments suggest a more nuanced stance toward digital assets. Hong Kong’s stablecoin framework, which took effect in August 2025, has signaled a willingness to explore regulated digital currency systems.

At the same time, Beijing is reviewing a plan for yuan-backed stablecoins, which could help promote the Chinese currency abroad. 

In this context, Patrick Gruhn of Perpetuals.com said in a public statement that China’s mining resurgence is “one of the most important signals” the market has seen in years. His comment confirms growing industry expectations that policy could evolve.

With the United States, Russia, and China now controlling more than 67% of global Bitcoin hashrate, analysts warn of increasing centralization risks.

Specifically, heavy concentration across three countries could influence the network’s decentralization and resilience.

Expert Says Fear Always Hits Those Who Don’t Understand What It Means to Hold XRP

Abdulkarim Abdulwahab
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0
Expert Says Fear Always Hits Those Who Don’t Understand What It Means to Hold XRP

Fear has returned to the XRP market as prices continue to fluctuate, and according to Black Swan Capitalist founder Versan Aljarrah, the latest wave of panic is no surprise. 

He argues that fear always strikes those who don’t fully grasp the realities of holding XRP. To him, this is especially true when volatility intensifies, and market conditions appear engineered to shake out weak investors.

Fear Returns as XRP Trades in a Heavy Downtrend

Notably, XRP has been struggling to regain momentum after slipping below the crucial $2 support level. The asset recently touched lows around $1.84 before rebounding, extending a correction that began after XRP reached its yearly peak of $3.67 in July.

The decline initially accelerated in early October, when a tariff fallout between the U.S. and China triggered a broad market crash. Billions were liquidated across exchanges, and XRP recorded wildly different lows on different platforms.

Kraken data showed a drop to $1.40, while Binance charts on TradingView captured an even deeper flash low at $0.77. Analysts believe these violent moves created liquidity gaps, including one around $1.98 to $1.99, which XRP has now revisited.

Some traders frame the current price zone as a rare “early Black Friday sale,” warning that the discount may not last if a rebound begins soon.

The Psychological Challenge: Why Many Can’t Hold XRP

Aljarrah says holding XRP can be tough because its price often tests investors’ patience. It tends to underperform for long stretches before suddenly rallying.

For example, in 2017, XRP stayed flat for months before soaring by more than 70,000%, then later dropping by 95%. In 2024, it traded slowly for most of the year before jumping more than 600% near year-end.

These slow periods make many investors sell too early, just before big gains. Aljarrah notes that understanding XRP’s fundamentals, like Ripple’s work on global payments and liquidity, makes holding it a strategic choice rather than an emotional one.

“Engineered Volatility” and Market Shakeouts

In reference to the latest market drop, Aljarrah warns that engineered volatility is to push out investors who lack conviction. Many sell when fear spikes, especially during sudden crashes like those in October.

Analysts note that the real challenge is not just surviving downturns, it’s resisting the urge to take profits when XRP hits big numbers.

Where XRP Could Go From Here

XRP is currently trading at $2.07, up 1.5% in the last 24 hours. Analysts are projecting a rebound to $4 by 2026. Some longer-term targets include $13 and $27. On the downside, support levels are $1.91, $1.73, and $1.55 if fear persists.

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