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Bitcoin Dominance Hits a Tipping Point as Analyst Sees Altcoin Season Ahead

Sam Wisdom Raphael
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Bitcoin Dominance Hits a Tipping Point as Analyst Sees Altcoin Season Ahead

With the Bitcoin dominance reaching a crucial level, market veteran Michaël van de Poppe believes a breakdown soon could lead to the altcoin season.

The much-anticipated altcoin season has yet to unfold despite months of speculation. Bitcoin continues to maintain its upper hand over altcoins, with its dominance chart showing an upward trend. Although the dominance occasionally dips, it keeps regaining strength.

Bitcoin Dominance Hits a Tipping Point

However, well-known market strategist Michaël van de Poppe suggests that the Bitcoin dominance might be close to a major turning point, and this could open the door to the next major altcoin rally.

In his latest analysis, Van de Poppe explained that Bitcoin dominance is still trending upward but appears to be reaching a point where a reversal could soon occur. 

He compared the current trend to what happened in Q4 2019, highlighting similarities. According to him, a key signal to watch is the 20-month moving average (MA). He noted that a confirmed break below this support could mark the beginning of a new phase for altcoins, describing it as “party time.”

Data from his accompanying chart indicates that Bitcoin dominance currently stands at 60.64%, and has tested the 20-month MA multiple times in recent months. Importantly, the moving average itself sits at 59.29%, a level that Bitcoin dominance briefly fell below in September before bouncing back. 

Bitcoin 1M Chart Michael van de Poppe
Bitcoin 1M Chart | Michael van de Poppe

This repeated interaction with the MA shows a market that is testing its limits, similar to what occurred in the previous cycle before the trend reversal.

Historical Precedence

Specifically, Van de Poppe referenced Q4 2019, when the Bitcoin dominance had surged above the 20-month MA. After peaking at 73.02% in September 2019, the dominance began a gradual drop, retesting the moving average by February 2020. 

Although it recovered temporarily, the structure eventually gave way by July 2020, leading to a sustained decline. The resistance around the MA kept Bitcoin’s dominance suppressed throughout the next year, and by December 2021, it had plunged to 39.63%. 

This sharp decline coincided with the altcoin season of the previous market cycle, when altcoins outperformed Bitcoin. Van de Poppe believes a similar pattern may be forming now, suggesting that the next phase could again favor altcoins if dominance convincingly drops below the moving average.

Other Analysts Agree

Another market analyst, Steve from Crypto Crew University, also believes this, recently highlighting similarities between the current setup and historical altcoin seasons. 

He noted that the Bitcoin dominance chart now faces the same type of resistance that preceded the major altcoin rallies of 2017 and 2021. Steve suggested that the pattern could repeat, possibly around 2026, implying that an altcoin rally might only be delayed rather than absent. 

The analytical platform Bitcoinsensus also identified signs that show the possibility of a coming altcoin surge. The firm highlighted that Bitcoin dominance recently faced another rejection from macro resistance, showing a monthly decline that mirrors the one during the 2021 breakdown.

Bitcoin Dominance 1M Chart Bitcoinsensus
Bitcoin Dominance 1M Chart | Bitcoinsensus

BlackRock to Launch Bitcoin ETF in Australia This Month

Albert Brown
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BlackRock to Launch Bitcoin ETF in Australia This Month

BlackRock Australia is preparing to introduce its first Bitcoin exchange-traded fund (ETF) this month to offer local investors a regulated path to gain exposure to BTC.

The iShares Bitcoin ETF (IBIT) will begin trading on the Australian Securities Exchange in mid-November, according to a new update.

This fund will levy an annual management fee of 0.39%. Additionally, it aims to mirror the performance of BlackRock’s Bitcoin ETF, which currently manages roughly $85 billion in assets. Notably, the trust itself was first introduced in January 2024.

Simplifying Bitcoin Access for Advisers and Institutions

According to Tamara Stats, who oversees Institutional Client Business at BlackRock Australasia, the new ETF underlines the company’s commitment to innovation. She said the launch reflects growing institutional demand for efficient, convenient Bitcoin exposure as a portfolio diversifier.

Steve Ead, who leads Global Product Solutions at BlackRock Australasia, noted that IBIT will offer Australians a Bitcoin investment in a familiar ETF format. He added that the company aims to “broaden access and democratise investment opportunities” through the ASX listing.

Part of a Broader ETF Expansion Strategy

The Bitcoin ETF launch follows another product announcement from BlackRock last week. The firm revealed plans to list the iShares Core Global Aggregate Bond (AUD Hedged) ETF (AGGG) in early November 2025.

The AGGG fund offers exposure to a range of high-quality bonds worldwide, including government, corporate, and securitized debt. Its performance is measured against the Bloomberg Global Aggregate Bond Index (AUD Hedged). Furthermore, the fund will charge an annual management fee of 0.18%.

ETF Growth Driving BlackRock’s Global Momentum

Exchange-traded funds have become a key source of growth for BlackRock worldwide. As of the end of Q3, the company reported $153 billion in new inflows into its iShares ETFs. Core equity ETFs saw $53 billion in inflows, while fixed-income ETFs added $41 billion. BlackRock’s iShares division now manages around $5 trillion in assets globally.

In Australia alone, iShares ETFs recently surpassed $50 billion in AUM, signaling growing confidence among local investors and advisers.

ETF Innovation Expanding in Australia

BlackRock said demand for ETFs in Australia continues to evolve, with growing interest in fixed income, active strategies, and digital assets. The company believes that products like IBIT will be instrumental in providing investors with transparent and efficient access to emerging asset classes such as Bitcoin.

Pundit Says ‘I Hope the XRP Army Sees This,’ Here’s What he Means

Abdulkarim Abdulwahab
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Pundit Says ‘I Hope the XRP Army Sees This,’ Here’s What he Means

A new development in global blockchain settlement has sparked renewed debate within the XRP community.

On Monday, Chainlink announced its role in a landmark cross-border experiment involving two major central banks. The news triggered strong reactions from industry commentators, with many trolling the XRP Army.

Chainlink Connects Brazil and Hong Kong in Cross-Border Settlement

Specifically, Chainlink revealed that it is powering cross-border Delivery-versus-Payment (DvP) settlement between the Central Bank of Brazil and the Hong Kong Monetary Authority as part of Brazil’s Drex project.

The experiment involves major partners such as Standard Chartered, Banco Inter, 7COMm, and the Global Shipping Business Network (GSBN). It marks the first time a blockchain title registry and cross-chain payment system have been connected in a single automated process.

Chainlink provided the technology that made this possible. Specifically, the Chainlink Runtime Environment (CRE) connected systems from Drex, HKMA’s Ensemble Network, Banco Inter, GSBN, and the Trade Finance Platform.

Using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), smart contracts across different blockchains could coordinate actions such as installment payments, credit releases, and digital Bill of Lading transfers.

Pundits Point to Institutions Choosing LINK Over XRP

Following the announcement, crypto figure Sergey Nazarov remarked, “I hope the XRP Army sees this.”

Another community member, Zedzies, added, “Amazing that these huge central banks have chosen LINK over XRP again.”

These reactions highlight a widespread view among some analysts that institutions testing blockchain for settlement and tokenized assets are overlooking the XRP Ledger.

This sentiment echoes earlier community discussions triggered by SWIFT’s decision to develop blockchain capabilities through its own shared ledger rather than using XRP. Moreover, Western Union recently moved to Solana for its stablecoin-based remittance rails.

For context, a segment of the XRP community has long promoted the idea that XRP would serve as the preferred liquidity bridge for global institutions. However, recent developments continue a trend in which:

  • Banks are building their own ledgers or stablecoins,
  • Messaging networks like SWIFT are modernizing independently, and
  • Interoperability frameworks (e.g., Chainlink CCIP) are being chosen to connect existing financial rails.

The Brazil–Hong Kong pilot reinforces this direction.

XRP Army Reacts

Chainlink’s involvement in the Drex program strengthens its role in global trade and settlement infrastructure. It adds to its growing list of partnerships in tokenization and CBDC pilots.

While this growing adoption of rival chains stirs criticism of XRP, the XRP Army has not remained silent in the face of opposition.

For instance, Dom Kwok, co-founder of EasyA, remarked that Western Union’s decision to overlook XRP is not a missed opportunity. He argued that Ripple is pursuing trillion-dollar markets rather than the billion-dollar transactions that Western Union processes.

Meanwhile, reacting to the latest Chainlink news, XRP supporters have pointed out that despite LINK’s growing adoption, its price performance has not been impressive. They note that the coin continues to trade outside the top 10, while XRP ranks just behind Bitcoin and Ethereum.

Bitcoin Lead as Traders See Over $1.34B in Liquidations

Mark Brennan
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Bitcoin Lead as Traders See Over $1.34B in Liquidations

As the market plunged 4.16%, leveraged traders experienced another round of liquidation totaling $1.34 billion, led by Bitcoin. 

Bitcoin has continued to face strong bearish pressure in recent weeks, with the apex cryptocurrency dropping below $104,000 today for the first time since October 17. At press time, Bitcoin was trading at $103,812, marking a 24-hour decline of 3.64%. 

Factors Behind Recent Crypto Drop 

The recent drop follows a mix of macroeconomic pressures, including a stronger U.S. dollar and continued ETF outflows. According to data from TradingView, the U.S. Dollar Index (DXY) currently hovers around 100.075, up 0.18% over the past day and 2.26% over the past 30 days. 

For context, a stronger U.S. dollar typically exerts downward pressure on Bitcoin and other cryptocurrencies, as investors often shift from volatile assets to dollar-backed instruments.

In addition to the rising dollar, Bitcoin exchange-traded funds (ETFs) have also seen consistent outflows, totaling over $1.33 billion between October 29 and November 3, 2025. 

These events have contributed to a decline in Bitcoin’s price, which has in turn affected the performance of the broader cryptocurrency market. 

$1.34B Leveraged Positions Liquidated 

Amid the recent selling pressure, a total of $1.34 billion worth of leveraged positions have been erased over the past 24 hours. According to Coinglass, 334,936 traders were liquidated during this period, with bullish individuals bearing the brunt. Notably, roughly $1.18 billion worth of long positions were wiped out over the past day. 

However, traders betting against crypto suffered minor losses, totalling $158.78 million. The analytics platform indicated that the largest single liquidation occurred on OKX, where a BTC-USDT order worth $47.87 million was erased amid the latest dip.  

Meanwhile, Bitcoin accounted for the largest share of daily liquidations, recording $407 million in wiped-out leveraged positions. It was followed by Ethereum, which saw $324 million in losses within the same timeframe.

Solana and XRP also experienced significant liquidations, totaling $154 million and $32 million, respectively.  

Total crypto liquidation
Total crypto liquidation

Whales Embark on Bitcoin Shopping Spree Amid Downturn 

As the market faces intense selling pressure, some large investors have taken advantage of the dip to purchase Bitcoin. According to Lookonchain, three whales withdrew over 1,100 Bitcoin from OKX and Binance today. 

One whale, whose address had been dormant for over a year, withdrew 800 Bitcoin worth $85.5 million from Binance and OKX. Meanwhile, a newly created wallet received 190 BTC (approximately $19.76 million) from Binance. 

Another large holder, identified by the address bc1qr9, transferred 174 BTC (worth $18.64 million) from Binance to a personal wallet, boosting their total balance to 3,036 BTC (around $315 million). 

Flare CEO Hugo Philion Says Do More With Your XRP

Albert Brown
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Flare CEO Hugo Philion Says Do More With Your XRP

Flare Networks CEO Hugo Philion has fueled excitement within the XRP community following his latest cryptic post on X. 

In a recent X post, Flare CEO Hugo Philion urged his followers to “do more” with their XRP tokens. He shared the message while quoting an image of a New York City taxi featuring illuminated XRP and Flare logos on its rooftop display. 

The post garnered significant attention from the XRP community. Some suggest that a major announcement could be underway, given the cryptic nature of the message. However, others believe the post is part of a broader marketing strategy by the Flare team to promote its yield-bearing opportunities for XRP holders.

Flare’s Yield-Bearing Offering for XRP 

For context, Flare has been instrumental in enhancing XRP’s utility by giving holders access to yield-bearing opportunities within the Flare ecosystem. 

The initiative aligns with the launch of FAssets, a system that allows XRP holders to bridge their tokens to the Flare network in exchange for a wrapped version called FXRP. This wrapped asset can then be utilized across various DeFi applications within the Flare ecosystem, enabling users to earn rewards. 

Since the launch of FAssets in September, users have locked a total of 50.83 million XRP in Flare’s vaults, minting 51.52 million FXRP in return. These 51.52 million FXRP tokens are currently worth $116.48 million. 

FXRP
FXRP

The success of the FAssets project has been entirely fueled by retail investors, with Philion suggesting that institutions will join the bandwagon after FXRP’s circulating supply reaches a $100 million valuation. 

Do More With Your XRP 

As anticipation for greater institutional adoption grows, Philion has encouraged XRP holders to “do more” with their assets — a likely reference to bridging XRP to Flare to access yield-bearing opportunities.

His comments follow a market downturn that saw XRP dip to $2.24, marking a 6.58% decline over the past 24 hours. The token was trading around $2.26 at press time.

While many investors continue to hold their XRP in anticipation of a potential price surge, Philion appears to be urging them to join the Flare ecosystem, where they can bridge their tokens and participate in DeFi-based earning opportunities amid the broader market dip.

Finance Expert Explains XRP $30 Trillion Opportunity

Abdulkarim Abdulwahab
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Finance Expert Explains XRP $30 Trillion Opportunity

Finance commentator Zach Rector has uncovered a $30 trillion market opportunity for XRP over the next decade.

In a recent breakdown, Rector highlights how the tokenization of real-world assets (RWAs), institutional adoption, and Ripple’s expanding infrastructure are creating a multi-trillion-dollar opening for XRP.

Tokenization Market Set to Explode Toward $30 Trillion

According to Rector, the emergence of tokenized assets across real estate, private equity, debt markets, and commodities marks “the single greatest opportunity in all of finance,” second only to global payment flows.

While XRP’s role in payments is well-known, he argues the next phase of growth lies in bridging tokenized assets and providing liquidity for institutional-grade digital finance.

Citing Ripple and BCG projections, Rector noted that tokenized assets could reach $12–23 trillion by 2033. A conservative estimate suggests $20–30 trillion moving on-chain over the next decade.

“Whether we hit $30 trillion in 2030 or 2035, we’re moving in that direction,” he said.

Clarity Act and Institutional DeFi to Accelerate Adoption

Furthermore, Rector claimed that the upcoming Clarity Act will open the door for major institutions to enter the DeFi space on the XRP Ledger.

“We haven’t seen big DeFi on XRP yet because retail speculators and investors in XRP just want to hold on to it and hoard our XRP,” he noted.

Meanwhile, in his view, once the regulatory clarity arrives, the XRP ecosystem will see institutional DeFi take off. Rector noted the process will unfold and accelerate from now until 2030 and beyond, not overnight.

Ripple Partnerships Set the Stage for Real-World Utility

Meanwhile, the XRP Ledger (XRPL) has already begun attracting major names in global finance. Rector highlighted announcements that BlackRock and VanEck are working with Securitize to tokenize money market funds, allowing fund holders to redeem assets directly on-chain using RLUSD.

These developments come alongside Ripple’s acquisitions of GTreasury, which connects the company to thousands of banks and institutions, and Hidden Road, a prime brokerage platform for high-net-worth clients and institutions.

Hidden Road, now Ripple Prime, plans to migrate post-trade settlement to the XRP Ledger, enabling “clearance of trillions of dollars of flows at fractions of a cent,” according to Rector.

Liquidity, Not Just Tokenization, Will Drive XRP Price

Notably, Rector stressed that tokenization alone does not necessarily translate into price appreciation for XRP. “Just because you tokenize $10 trillion of assets on-chain doesn’t mean XRP automatically goes up,” he said.

To him, the key factor is trading and liquidity flows between tokenized assets. He pointed to Ripple’s growing network of banks and institutions, the development of on-chain automated market makers (AMMs) and a native decentralized exchange (DEX), and the XRPL’s compliance-ready design as reasons why the ledger is “perfectly positioned” to host large-scale institutional liquidity.

While he acknowledged the speculative nature of predicting price outcomes, Rector believes XRP is at the center of the next wave of financial transformation.

Shiba Inu Hits Support: Analyst Says SHIB Becomes a Rocket When This Happens

Elendu Benedict
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Shiba Inu Hits Support: Analyst Says SHIB Becomes a Rocket When This Happens

Shiba Inu touched a critical lower support trendline, which has historically sparked a strong rebound followed by explosive price action.

This analysis comes from “Akbarkarimzsfeh” at a time when Shiba Inu (SHIB) is in an obvious correctional phase. SHIB’s 11-month price consolidation has persisted, with the token visiting lower prices again today.

For context, SHIB has reclined by over 6% in the past 24 hours, taking cues from the broader crypto market. The second-largest meme coin by market cap now stands at 24th in the cryptocurrency market cap ranking, fueled by its 13% and 30% corrections in the past week and month.

A Structured Pattern of Price Growth

Meanwhile, the analyst’s TradingView commentary has identified a bullish pattern that suggests this dip is only temporary. He highlighted a rocket-like price shift for SHIB whenever it corrects to a crucial support area.

An accompanying chart shows that Shiba Inu has trended within a descending triangle since its market debut. Specifically, it identified a pattern featuring an explosive move after SHIB touches the bottom of the triangle. The pattern played out before the 2021 and early 2024 rally, with SHIB surging to the upper boundary of the structure at each occurrence.

SHIB Analysis
SHIB Analysis

Nonetheless, before this upsurge, SHIB typically forms a compression pattern. The meme coin formed a symmetrical triangle before the October 2021 breakout and an ascending channel before the February 2024 outburst.

Support Rock Solid—Shiba Inu Bounce Imminent

A similar pattern is currently occurring again, as the analysis has identified. Shiba Inu is trending within a smaller descending channel, originating from the May peak price of $0.00001765. The consolidation phase continued until a sharp wick drop to $0.00000678 on the Binance chart on October 10.

This single-candle drop mirrors that seen in previous cycles, but this time within the compression pattern. The analyst believes this could mark the start of an impulsive rally as seen in past occurrences.

Meanwhile, Shiba Inu has to break out from the consolidatory pattern as in previous cycles. The analyst highlighted the breakout point to be at $0.000013373, marking a 48% increase from the current market price of $0.00000902.

A breakout would take SHIB to the upper trendline of the multi-year descending triangle. Furthermore, the chart shows two targets: one at $0.00002754 and the other at $0.00003329. From here, this represents a 205% and 269% rally, respectively, taking the meme coin to prices last seen during the Donald Trump-inspired run in December 2024.

Notably, analysis from GehavianGoals shares a similar price target for Shiba Inu, predicting that the token will fly to $0.0000335.

Anonymous ‘Anti-CZ Whale’ Sits on $21M Unrealized Profit From Massive ASTER Shorts

Zabi
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Anonymous ‘Anti-CZ Whale’ Sits on $21M Unrealized Profit From Massive ASTER Shorts

An anonymous trader known as the Anti-CZ Whale has over $21 million in unrealized profit from his ASTER short positions, based on on-chain data.

The whale currently holds 58.27 million ASTER tokens in short positions, valued at approximately $51.14 million. These positions have a liquidation level set at $2.091.

The same trader has also shorted Dogecoin (DOGE), Ethereum (ETH), XRP, and PEPE, all of which are currently yielding profits. Combined, his positions on the decentralized perpetual exchange Hyperliquid have brought his total profit close to $100 million.

Reaction to CZ’s ASTER Purchase

These trades were opened shortly after Binance founder Changpeng Zhao (CZ) announced that he had purchased $2.5 million worth of ASTER. Following his disclosure, the ASTER price surged more than 30% to $1.20. 

However, the rally was short-lived. The token has since faced heavy selling pressure. Consequently, it is now trading around $0.8804, marking a 17% drop within 24 hours.

Transparency Debate After Market Volatility

Following the market’s reaction to his post, CZ launched a poll on X (formerly Twitter) asking followers whether he should continue disclosing his personal trades. The poll gathered 72,102 responses, with 70% voting in favor of continued transparency and 30% preferring non-disclosure. 

Despite the majority supporting disclosure, CZ said he might reconsider sharing such information in the future to avoid market misinterpretations.

Ex-Binance CEO Reflects on His Trading Record

A few hours later, CZ commented humorously on his past experiences of buying at unfavorable times. He recalled buying Bitcoin (BTC) in 2014 for about $600, only for its price to drop to $200 shortly afterward. He also noted that his BNB purchases in 2017 had fallen 20–30% soon after he bought them.

“Every time I buy coins, I end up in a losing position,” CZ said in his post, warning traders to “be cautious and manage risks.”

He added that he would likely stop revealing future trades to avoid influencing market sentiment.

Expert Says Cardano Will Be Faster Than Visa, Predicts $10T Market Cap—Here’s ADA Price if This Happens

Elendu Benedict
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Expert Says Cardano Will Be Faster Than Visa, Predicts $10T Market Cap—Here’s ADA Price if This Happens

An analyst has made an audacious prediction for Cardano, forecasting an explosive surge in its market cap to multi-trillion-dollar valuations.

Cardano could rally to $10 trillion, ADA community figure Lucid predicted in his November 3 social media post. More interesting is his timeline for its realization; the enthusiast projects that it would attain this hefty valuation by 2026.

Cardano Scaling to Send Adoption Higher

But what is fueling this claim? Lucid emphasized that it is because the Cardano blockchain could improve its speed to the extent of being faster than Visa.

For perspective, Visa’s payment network, VisaNet, processes 23 million transactions per day “without skipping a beat,” according to its website. However, the settlement giant claims it could do more, setting a peak capacity of 65,000 transaction messages per second.

Meanwhile, Lucid believes Cardano could do better than that. He noted that the blockchain is scaling to 1 million transactions per second (TPS) with its “most advanced UTXO technology ever invented.”

The analyst tapped Hydra and Leios to help Cardano achieve this, noting they will bring “light speed transactions” and “instant finality” that will push the blockchain’s prosperity.

Notably, Hydra achieved 1 million TPS in a Doom game test last year, with the Hydra 1.0.0 launch tipped to boost Cardano’s scalability. Leios is another upgrade teased to make Cardano faster than Solana. The innovation handles transactions in a three-tier block structure, significantly increasing throughput and scalability on Cardano.

These upgrades would make Cardano more attractive to institutions, driving adoption. It is on this basis that Lucid is predicting a $10 trillion market cap by 2026.

Cardano Price if Market Cap Surges to $10T

Notably, the total cryptocurrency market cap stands at $3.46 trillion, down 4% in the past 24 hours. The drop follows Bitcoin’s correction to $104,400, with its market cap standing at $2 trillion.

The current valuations show that the total crypto market will have to grow by 2.89x to reach $10 trillion. For Bitcoin, it would require a 5x surge to hit the valuation.

Meanwhile, if Cardano manages to reach a $10 trillion valuation alone, it will substantially boost its price. For perspective, ADA trades at $0.54 with a market cap of $19.5 billion and a circulating supply of 35.86 billion tokens.

Reaching $10 trillion would mark a 27,786% growth from the current standing. With the circulating supply of 35.86 billion, ADA would rally to $279 per coin.

It is worth noting that this valuation by 2026 appears unlikely, given its ambitious nature and the short timeframe. Changelly predicts that Cardano could attain this price mark by May 2040, which is 15 years from now.

Balancer Hacker Converts Stolen Funds to Ethereum as Stakewise Recovers $21M

Zabi
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Balancer Hacker Converts Stolen Funds to Ethereum as Stakewise Recovers $21M

The hacker behind the massive Balancer DeFi breach is swiftly converting the stolen assets into Ethereum, while Stakewise has recovered part of the stolen tokens.

The Balancer DeFi protocol remains in crisis following a large-scale exploit that drained more than $116.6 million in digital assets.

According to the on-chain analytics platform Lookonchain, the attacker has initiated the conversion of the stolen tokens into Ethereum (ETH). 

Earlier reports indicated that most of the stolen funds, around $99.5 million, accounting for 85% of the total loss, came from the Ethereum network. The hackers dispersed the remaining assets across multiple other blockchains, moving substantial amounts to each.

Among them, they allocated $7.9 million to Arbitrum, $3.9 million to Base, and $3.4 million to Sonic, highlighting the largest allocations. Meanwhile, OP Mainnet secured $1.5 million, and Polygon received $231,000, representing the smaller end of the distribution.

Breakdown of the Stolen Tokens

The attacker exploited a variety of crypto assets, including tokens that can be easily traded and those tied up in staking contracts. Among the impacted assets were Lido’s stETH, Frax, Rocket Pool’s rETH, and tokens held in Balancer V2 pools.

Moreover, blockchain explorer Etherscan highlighted key transactions linked to the breach. These include the movement of 6,851 osETH, 4,259 wstETH, and 6,587 WETH from Balancer Vault to an address now tagged as “Balancer Exploiter 2.”

Stakewise DAO Executes Swift Recovery

In a coordinated response, Stakewise DAO, an Ethereum liquid staking protocol, executed a series of recovery transactions. Its emergency multisig team successfully reclaimed 5,041 osETH, valued at approximately $19.3 million, from the exploiter’s wallet. In addition, they recovered 13,495 osGNO, worth around $1.7 million, thereby securing a substantial portion of the misappropriated assets.

This recovery represents about 73.5% of the osETH stolen, while the osGNO tokens were fully retrieved. Stakewise confirmed these figures in a public statement following the exploit.

Stakewise clarified that the remainder of the stolen osETH could not be recovered. The reason was that the attacker had quickly converted it into ETH. This rapid movement of funds prevented the on-chain recovery of the missing portion.

Compensation and Next Steps

Stakewise stated that recovered funds will be returned to affected users of the Balancer V2 pools. Compensation will be distributed pro rata, based on user balances before the exploit occurred. 

The project team also confirmed that they will soon release a detailed post-mortem report outlining the recovery process and future preventive measures.

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