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HYPE drops 6% to $46 with $3.3M outflows. Price tests $43–$45 demand zone as whales hold $60M and smart money resists selling. Hyperliquid (HYPE) has pulled back to $46, down 6% in the last 24 hours. The weekly performance remains slightly positive, showing a 2% gain. Trading volume continues to be strong, with over $647 million recorded in the same period. Meanwhile, this recent drop follows a period of upward movement, raising questions about whether current price action marks a short-term correction or the start of a deeper decline. Price Pulls Back Into Key Zone HYPE is now sitting…

BNY Mellon explores blockchain-based tokenized deposits to modernize payment infrastructure. JPMorgan and HSBC have launched tokenized deposit pilots for faster, cheaper cross-border transfers. Global banks embrace blockchain as new regulations boost confidence in digital asset innovation. The Bank of New York Mellon Corp. (BNY Mellon) is exploring the use of tokenized deposits as part of its ongoing efforts to modernize its payments infrastructure. The initiative aims to enable clients to make payments using blockchain technology, reflecting a broader shift among global financial institutions toward the adoption of digital asset frameworks. According to Carl Slabicki, Executive Platform Owner for Treasury Services…

Ethereum price failed to extend gains above $4,750 and declined. ETH is now consolidating and might struggle to rise above $4,600 in the short term. Ethereum started a downside correction below $4,620 and $4,600. The price is trading below $4,600 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $4,560 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $4,420. Ethereum Price Corrects Gains Ethereum price extended gains above $4,600 and $4,620, like Bitcoin. ETH price even tested…

Solana’s network continues to show unexpected resilience, according to new research from Matt Mena, a crypto research strategist at 21Shares.In a blog post published Monday, Mena said Solana generated roughly $2.85 billion in annual revenue from October 2024 through September 2025, cementing its position as one of crypto’s fastest-growing blockchain economies. He described the revenue as “remarkably strong,” even as the speculative memecoin frenzy that drove early-year trading volumes has cooled.Mena attributed Solana’s strength to its broad mix of activity. He said decentralized exchanges, trading tools, lending apps, wallets, and emerging sectors like DePIN and AI-driven applications all contributed meaningfully…

BNB, the native cryptocurrency of the BNB Chain — the layer-1 blockchain developed by Binance — has climbed to become the third-largest digital asset by market capitalization.After breaking above $1,100 for the first time on Friday, BNB (BNB) achieved a new major milestone on Tuesday by overtaking Ripple-backed XRP (XRP) as the third-largest crypto asset by market cap.At the time of publication, BNB traded at $1,326, up nearly 30% in the past seven days, with a market capitalization of $182 billion, according to CoinGecko data.This breakthrough coincides with the growing adoption of BNB in various regions, including the launch of…

Ken Griffin, CEO of Citadel, expressed deep concern this week over gold’s soaring price and its implications for the U.S. dollar’s role as a global safe haven, according to Bloomberg. Gold futures just breached $4,000 an ounce, marking a gain of more than 50% so far in 2025.The U.S. dollar, measured by the U.S. Dollar Index (DXY) which tracks the value of the dollar against a basket of major foreign currencies including the euro, yen, and pound has lost around 10% of its value this year and currently sits near 98.5.Griffin told Bloomberg, “We’re seeing substantial asset inflation away from…

With retail fear spiking and XRP trading around $3, analysts predict a breakout phase could ignite sooner than expected. Ripple (XRP) is beginning the week with a crucial technical setup as it tests the $3 Fibonacci support level. This zone, analysts say, could determine the crypto asset’s next major move. XRP has been consolidating around it for several days and has shown signs of price stability as it gradually builds momentum. This consolidation could be a positive sign, often preceding a breakout when support holds firm. All Eyes on $3 According to the analysis shared by CasiTrades, XRP’s ability…

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.A7A5’s appearance at the recent Token2049 conference wasn’t in contravention of Singaporean law, despite being backed by a sanctioned Russian bank, highlighting the limits of the city-state’s sanctions regime, which applies only to licensed financial firms.A7A5’s ruble-based stablecoin is backed by Russia’s state-owned Promsvyazbank (PSB), an entity sanctioned by the Monetary Authority of Singapore (MAS) as well as…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin Coinbase Premium Gap has continued to be at a notable green level recently, a sign that institutional traders are buying the asset. Coinbase Premium Gap Is Positive Right Now In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the Bitcoin Coinbase Premium Gap. This indicator measures the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). The former cryptocurrency exchange is the primary hub for US-based investors, particularly large institutional…

The European Union (EU) is moving to choke off A7A5, the ruble-backed token routing billions through Kyrgyzstan into European crypto markets, but available data suggests the sanctioned flow represents just 2.37% of the bloc-wide Bitcoin trading volume.As Bloomberg News reported on Oct. 6, the EU proposed sanctions on A7A5, the stablecoin issued by cross-border payments firm A7 and Russia’s state-owned Promsvyazbank (PSB).The restrictions will prohibit EU-based entities from engaging in transactions involving the token. The bloc also plans to target several banks in Russia, Belarus, and Central Asia for enabling crypto-related transactions.A7 is owned by Moldovan banker Ilan Shor and…