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Article
PEPE Price Outlook Tracks Volume and $0.000028 Target PEPE's weekly structure points toward $0.000028, representing a projected 474% advance if buyers overcome several resistance levels. Trading volume reached nearly $5 billion during July, but subsequent activity declined as PEPE struggled to maintain higher prices. The latest market snapshot reports a 24-hour gain of 0.31%, while weekly performance remains negative at 0.61%. The weekly chart patterns and volume activity provide significant market references that keep PEPE price outlook on the recovery trajectory towards previous high levels. Weekly Structure Places Previous Highs Back in Focus Whale Alert Desk recently shared a weekly chart showing PEPE's potential route toward its previous all-time high. The projection places the target around $0.000028, representing approximately 474% upside from $0.00000489. The setup follows an extended correction and subsequent recovery above descending trendline resistance. Source: X The earlier price structure shows how sellers controlled the market for several months. A descending red trendline connected successive lower highs during that period. However, PEPE eventually broke above this boundary and began recovering. After a downturn the breakout drove prices into the $0.000010 area. The subsequent movement saw a wide range of consolidation with pullbacks. The token has since struggled to establish a sustained move above nearby resistance. The $0.000008 region remains an important level for the next recovery attempt. A weekly close above it could bring $0.000010 into focus. Beyond that level, $0.000020 stands between current trading levels and the projected target. Trading Volume Reveals Changes in Market Participation Historical volume data provides another perspective on PEPE's changing market conditions. February and March recorded relatively modest activity alongside declining prices. Trading participation began increasing during April as prices recovered. Source: Coinglass May produced one of the strongest periods of activity across the chart. Several volume bars approached $4 billion as PEPE climbed sharply. This combination showed increased participation during the upward price movement. Trading activity remained elevated through June and July, with repeated volume spikes. July recorded individual bars approaching $5 billion during another active period. However, the price struggled to maintain its earlier upward momentum. From August through November, volume gradually declined alongside weaker price performance. Smaller trading bars became increasingly common across the chart. This contrasted sharply with the activity recorded during May and July. Recent Activity and Market Data Shape the Outlook Another burst of activity appeared around late December and January. One volume spike exceeded $3 billion as prices moved upward. However, the recovery eventually lost strength and gave way to further consolidation. The following months remained relatively quiet until another surge appeared around May. Several volume bars exceeded $3 billion during this period. However, despite growing participation, PEPE could not maintain a price recovery. It has been relatively quiet in more recent activity with occasional peaks. The market data as of writing shows PEPE trading at $0.055003. However, this figure differs substantially from the $0.00000489 quoted in Whale Alert Desk's chart. The supplied market figures also report approximately $442.75 million in daily trading volume. PEPE recorded a 0.31% gain over 24 hours, while its seven-day performance remained negative by 0.61%. These figures indicate modest daily strength against a weaker weekly performance. The weekly Relative Strength Index previously stood at 56.21 on the supplied chart. That reading placed momentum above the neutral 50 threshold. In the meantime, the $0.000028 level is still subject to a bounce and a successful breakout. Volume expansion and weekly price closes are important measures for the time being. Stronger participation during upward movements would support the recovery scenario. Conversely, rising activity during declines could point toward renewed selling pressure. Editorial note: The supplied current-price figure of $0.055003 conflicts with the chart's $0.00000489. Both have been retained as provided; the current-price figure should be verified before publication.

PEPE Price Outlook Tracks Volume and $0.000028 Target 

PEPE's weekly structure points toward $0.000028, representing a projected 474% advance if buyers overcome several resistance levels.
Trading volume reached nearly $5 billion during July, but subsequent activity declined as PEPE struggled to maintain higher prices.
The latest market snapshot reports a 24-hour gain of 0.31%, while weekly performance remains negative at 0.61%.
The weekly chart patterns and volume activity provide significant market references that keep PEPE price outlook on the recovery trajectory towards previous high levels.
Weekly Structure Places Previous Highs Back in Focus
Whale Alert Desk recently shared a weekly chart showing PEPE's potential route toward its previous all-time high. The projection places the target around $0.000028, representing approximately 474% upside from $0.00000489. The setup follows an extended correction and subsequent recovery above descending trendline resistance.
Source: X
The earlier price structure shows how sellers controlled the market for several months. A descending red trendline connected successive lower highs during that period. However, PEPE eventually broke above this boundary and began recovering.
After a downturn the breakout drove prices into the $0.000010 area. The subsequent movement saw a wide range of consolidation with pullbacks. The token has since struggled to establish a sustained move above nearby resistance.
The $0.000008 region remains an important level for the next recovery attempt. A weekly close above it could bring $0.000010 into focus. Beyond that level, $0.000020 stands between current trading levels and the projected target.
Trading Volume Reveals Changes in Market Participation
Historical volume data provides another perspective on PEPE's changing market conditions. February and March recorded relatively modest activity alongside declining prices. Trading participation began increasing during April as prices recovered.
Source: Coinglass
May produced one of the strongest periods of activity across the chart. Several volume bars approached $4 billion as PEPE climbed sharply. This combination showed increased participation during the upward price movement.
Trading activity remained elevated through June and July, with repeated volume spikes. July recorded individual bars approaching $5 billion during another active period. However, the price struggled to maintain its earlier upward momentum.
From August through November, volume gradually declined alongside weaker price performance. Smaller trading bars became increasingly common across the chart. This contrasted sharply with the activity recorded during May and July.
Recent Activity and Market Data Shape the Outlook
Another burst of activity appeared around late December and January. One volume spike exceeded $3 billion as prices moved upward. However, the recovery eventually lost strength and gave way to further consolidation.
The following months remained relatively quiet until another surge appeared around May. Several volume bars exceeded $3 billion during this period. However, despite growing participation, PEPE could not maintain a price recovery.
It has been relatively quiet in more recent activity with occasional peaks. The market data as of writing shows PEPE trading at $0.055003. However, this figure differs substantially from the $0.00000489 quoted in Whale Alert Desk's chart.
The supplied market figures also report approximately $442.75 million in daily trading volume. PEPE recorded a 0.31% gain over 24 hours, while its seven-day performance remained negative by 0.61%. These figures indicate modest daily strength against a weaker weekly performance.
The weekly Relative Strength Index previously stood at 56.21 on the supplied chart. That reading placed momentum above the neutral 50 threshold. In the meantime, the $0.000028 level is still subject to a bounce and a successful breakout.
Volume expansion and weekly price closes are important measures for the time being. Stronger participation during upward movements would support the recovery scenario. Conversely, rising activity during declines could point toward renewed selling pressure.
Editorial note: The supplied current-price figure of $0.055003 conflicts with the chart's $0.00000489. Both have been retained as provided; the current-price figure should be verified before publication.
Article
Midnight Activates Ledger 9 With New Contract FeaturesLedger 9 adds ECDSA, Keccak-256, Schnorr signatures and BIP-44 address derivation, improving compatibility with existing blockchain and custody infrastructure. Smart contracts gain direct contract-to-contract execution, caller identification and transaction event logging, enabling more complex operations in a single transaction. Developers must update to Midnight.js 5 and the latest Compact toolchain; existing balances and deployed contracts migrated automatically. Midnight has upgraded its mainnet from Ledger 8 to Ledger 9, introducing cryptographic support and smart contract improvements. The hard fork adds ECDSA and Keccak-256 compatibility, contract-to-contract execution, and custody support. Unlike previous upgrades, Midnight deployed Ledger 9 directly to mainnet, bypassing its standard Preprod testing and soak period. Ledger 9 Adds Cryptographic and Custody Support According to Midnight's release announcement, Ledger 9 introduces native ECDSA and Keccak-256 support. These standards allow developers to build connections with existing blockchain infrastructure, including Bitcoin and Ethereum. The ledger also accepts Schnorr and ECDSA signatures for transaction authorization. Additionally, BIP-44 address derivation support allows wallet providers and institutional custodians to use existing software. These capabilities support asset transfers between networks and integrations with custody providers. Developers can also build applications involving stablecoins and private financial transactions. Smart Contracts Gain Direct Execution Capabilities Ledger 9 also introduces contract-to-contract execution, allowing smart contracts to call other contracts within one transaction. Consequently, developers can combine operations such as token approvals, swaps, and deposits into one user action. Contracts can now identify which other contract initiated a call. This allows applications to restrict sensitive operations to approved contracts. Additionally, smart contracts can publish events and logs after transactions finalize. Wallets, explorers, and tracking applications can use these updates to refresh information. The upgrade also moves zero-knowledge proofs and verification keys to Zero-Knowledge Intermediate Representation V3. Meanwhile, performance improvements and security patches accompany the release. Developers Must Update Tools After Mainnet Upgrade Existing balances and deployed smart contracts migrated automatically during the upgrade. However, developers must update applications to Midnight.js 5. Undeployed contracts also require compilation through the updated Compact toolchain targeting Ledger 9. Mainnet cNIGHT holders do not need to register again for DUST generation. However, developers using Preview and Preprod must re-register their tNIGHT to resume DUST generation. Midnight said documentation covering newer features will arrive over the coming weeks. The team deployed Ledger 9 directly to mainnet because security fixes required a more controlled release path. This bypassed the usual Preprod deployment and soak period.

Midnight Activates Ledger 9 With New Contract Features

Ledger 9 adds ECDSA, Keccak-256, Schnorr signatures and BIP-44 address derivation, improving compatibility with existing blockchain and custody infrastructure.
Smart contracts gain direct contract-to-contract execution, caller identification and transaction event logging, enabling more complex operations in a single transaction.
Developers must update to Midnight.js 5 and the latest Compact toolchain; existing balances and deployed contracts migrated automatically.
Midnight has upgraded its mainnet from Ledger 8 to Ledger 9, introducing cryptographic support and smart contract improvements. The hard fork adds ECDSA and Keccak-256 compatibility, contract-to-contract execution, and custody support. Unlike previous upgrades, Midnight deployed Ledger 9 directly to mainnet, bypassing its standard Preprod testing and soak period.
Ledger 9 Adds Cryptographic and Custody Support
According to Midnight's release announcement, Ledger 9 introduces native ECDSA and Keccak-256 support. These standards allow developers to build connections with existing blockchain infrastructure, including Bitcoin and Ethereum.
The ledger also accepts Schnorr and ECDSA signatures for transaction authorization. Additionally, BIP-44 address derivation support allows wallet providers and institutional custodians to use existing software.
These capabilities support asset transfers between networks and integrations with custody providers. Developers can also build applications involving stablecoins and private financial transactions.
Smart Contracts Gain Direct Execution Capabilities
Ledger 9 also introduces contract-to-contract execution, allowing smart contracts to call other contracts within one transaction. Consequently, developers can combine operations such as token approvals, swaps, and deposits into one user action.
Contracts can now identify which other contract initiated a call. This allows applications to restrict sensitive operations to approved contracts. Additionally, smart contracts can publish events and logs after transactions finalize. Wallets, explorers, and tracking applications can use these updates to refresh information.
The upgrade also moves zero-knowledge proofs and verification keys to Zero-Knowledge Intermediate Representation V3. Meanwhile, performance improvements and security patches accompany the release.
Developers Must Update Tools After Mainnet Upgrade
Existing balances and deployed smart contracts migrated automatically during the upgrade. However, developers must update applications to Midnight.js 5.
Undeployed contracts also require compilation through the updated Compact toolchain targeting Ledger 9. Mainnet cNIGHT holders do not need to register again for DUST generation.
However, developers using Preview and Preprod must re-register their tNIGHT to resume DUST generation. Midnight said documentation covering newer features will arrive over the coming weeks.
The team deployed Ledger 9 directly to mainnet because security fixes required a more controlled release path. This bypassed the usual Preprod deployment and soak period.
Article
House Democrats Prepare New Crypto Bill (CLARITY Act) With Expanded SEC PowersThe proposal would revive Maxine Waters’ consumer protections, including stricter custody rules, monthly proof-of-reserves reports and 24-hour customer service. Democrats favor expanded SEC authority, contrasting with the Republican-backed CLARITY Act’s emphasis on CFTC oversight of digital commodity spot markets. Industry resistance, disagreements over DeFi regulation and Trump's veto power could complicate passage, potentially making the proposal a blueprint for future legislation. House Democrats are preparing a new crypto market structure bill that could expand SEC oversight and revive rejected provisions. The proposal builds on Rep. Maxine Waters' consumer protection efforts as Democrats prepare to control Congress in January. However, its approach to regulation, decentralized finance and government ethics could create disagreements with the crypto industry. https://twitter.com/EleanorTerrett/status/2118451752907542782?a=1-85liSUIuK00Nme0Vo&s=20 Waters Leads Democrats' Push for New Crypto Rules According to Crypto In America, Democratic staffers on the House Financial Services Committee have discussed the proposal with industry representatives. Four industry sources confirmed the discussions, although lawmakers have not publicly released the draft. Waters introduced her Crypto Investor and Consumer Bill of Rights amendment during the House's 2025 consideration of the Clarity Act. She is expected to chair the Financial Services Committee next Congress. The proposal would revive provisions Waters previously failed to secure. It would also incorporate measures Senate Democrats negotiated with Republicans before September's failed cloture vote. Former Democratic policy adviser Justin Slaughter, now at Paradigm, said development began during the summer. SEC Authority and Consumer Protections Divide Industry The proposal would expand the Securities and Exchange Commission's authority over crypto markets. Meanwhile, the Commodity Futures Trading Commission could receive a limited oversight role. This differs from the Republican-backed Clarity Act, which favored CFTC oversight of digital commodity spot markets. The SEC would retain jurisdiction over fundraising transactions and disclosures. Waters' earlier amendment also proposed 24-hour customer service, asset insurance and stricter custody requirements. Other measures included monthly proof-of-reserves attestations and restrictions on platforms trading against customers. However, expanding SEC authority could face industry resistance. Former SEC Chair Gary Gensler's enforcement actions against Coinbase, Ripple and Kraken remain a concern. Democrats are also considering ethics provisions targeting crypto activities involving President Trump and other federal officials. DeFi regulation could create another disagreement over whether decentralized platforms should face traditional intermediary requirements. Trump's Veto Power Creates Legislative Hurdles Journalist Eleanor Terrett reported that Waters' remarks outlined Democrats' upcoming legislative priorities. She also highlighted Justin Slaughter and Jen Brown's openness to working with legitimate crypto businesses. https://twitter.com/EleanorTerrett/status/2118791887460909098?a=fGJ9rsQ8wLjsm6fz_ds&s=20 Nevertheless, Trump retains veto power for the next two years. Overriding him would require substantial Republican support. Republicans familiar with the proposal have already dismissed it as a messaging bill. Meanwhile, a Democratic strategist said the effort could shape future legislation in 2029 or guide another Democratic administration's crypto policy.

House Democrats Prepare New Crypto Bill (CLARITY Act) With Expanded SEC Powers

The proposal would revive Maxine Waters’ consumer protections, including stricter custody rules, monthly proof-of-reserves reports and 24-hour customer service.
Democrats favor expanded SEC authority, contrasting with the Republican-backed CLARITY Act’s emphasis on CFTC oversight of digital commodity spot markets.
Industry resistance, disagreements over DeFi regulation and Trump's veto power could complicate passage, potentially making the proposal a blueprint for future legislation.
House Democrats are preparing a new crypto market structure bill that could expand SEC oversight and revive rejected provisions. The proposal builds on Rep. Maxine Waters' consumer protection efforts as Democrats prepare to control Congress in January. However, its approach to regulation, decentralized finance and government ethics could create disagreements with the crypto industry.
https://twitter.com/EleanorTerrett/status/2118451752907542782?a=1-85liSUIuK00Nme0Vo&s=20
Waters Leads Democrats' Push for New Crypto Rules
According to Crypto In America, Democratic staffers on the House Financial Services Committee have discussed the proposal with industry representatives. Four industry sources confirmed the discussions, although lawmakers have not publicly released the draft.
Waters introduced her Crypto Investor and Consumer Bill of Rights amendment during the House's 2025 consideration of the Clarity Act. She is expected to chair the Financial Services Committee next Congress.
The proposal would revive provisions Waters previously failed to secure. It would also incorporate measures Senate Democrats negotiated with Republicans before September's failed cloture vote. Former Democratic policy adviser Justin Slaughter, now at Paradigm, said development began during the summer.
SEC Authority and Consumer Protections Divide Industry
The proposal would expand the Securities and Exchange Commission's authority over crypto markets. Meanwhile, the Commodity Futures Trading Commission could receive a limited oversight role.
This differs from the Republican-backed Clarity Act, which favored CFTC oversight of digital commodity spot markets. The SEC would retain jurisdiction over fundraising transactions and disclosures.
Waters' earlier amendment also proposed 24-hour customer service, asset insurance and stricter custody requirements. Other measures included monthly proof-of-reserves attestations and restrictions on platforms trading against customers.
However, expanding SEC authority could face industry resistance. Former SEC Chair Gary Gensler's enforcement actions against Coinbase, Ripple and Kraken remain a concern.
Democrats are also considering ethics provisions targeting crypto activities involving President Trump and other federal officials. DeFi regulation could create another disagreement over whether decentralized platforms should face traditional intermediary requirements.
Trump's Veto Power Creates Legislative Hurdles
Journalist Eleanor Terrett reported that Waters' remarks outlined Democrats' upcoming legislative priorities. She also highlighted Justin Slaughter and Jen Brown's openness to working with legitimate crypto businesses.
https://twitter.com/EleanorTerrett/status/2118791887460909098?a=fGJ9rsQ8wLjsm6fz_ds&s=20
Nevertheless, Trump retains veto power for the next two years. Overriding him would require substantial Republican support.
Republicans familiar with the proposal have already dismissed it as a messaging bill. Meanwhile, a Democratic strategist said the effort could shape future legislation in 2029 or guide another Democratic administration's crypto policy.
Article
Bitcoin Selling Pressure Deepens as $75K Support WeakensOnly 30% of invested Bitcoin capital remains profitable, while approximately $756 billion is underwater, according to Darkfost. Spot net volume delta turned negative on Binance (-28million)and Coinbase(-9.4 million), indicating stronger selling pressure. Glassnode reports rising open interest and renewed long positioning, while Bitcoin’s 30-session correlation with the S&P 500 reaches 0.80. Bitcoin faces renewed downside pressure as spot selling overtakes buying on Binance and Coinbase, weakening support around $75,000. Analyst Darkfost identified $70,000 as the next potential support, while Glassnode reported rising leverage and renewed long positioning. Meanwhile, Bitcoin's 30-session correlation with the S&P 500 has climbed to 0.80. Bitcoin Investors Face Heavy Losses Around $75,000 According to Darkfost, approximately $26 billion in Bitcoin changed hands around current price levels. Most invested capital is between $75,000 and $85,000. At current prices, only 30% of invested capital remains profitable, representing approximately $328 billion. Meanwhile, roughly $756 billion is at a loss. Bitcoin is struggling to maintain support above $75,000. However, less capital changed hands between $75,000 and $70,000. Darkfost identified $70,000 as the next potential support if sellers break the current level. Spot Selling Reverses on Binance and Coinbase Spot market data also shows a sharp shift in trading activity. According to the reported analysis, sell volume now exceeds buying on Binance and Coinbase. The shift follows a period of strong buying during late summer.  https://twitter.com/Darkfost_Coc/status/2118643407895634074?a=d5bu7gdBKGxvmbRyR2w&s=20 At the end of August, the 30-day spot net volume delta reached $64.8 million on Binance and $64.3 million on Coinbase. Buying continued into September as Bitcoin climbed from $63,000 to $85,000. However, yesterday's readings fell to negative $28 million on Binance and negative $9.4 million on Coinbase. Coinbase recorded the reversal in October, while Binance maintained positive net spot volume longer. The latest sell-off also coincided with midterm election volatility. Bitcoin dropped 5.5%, while the S&P 500 and Nasdaq fell 4.3% and 6.3%, respectively. Glassnode Reports Rising Leverage and Equity Correlation Meanwhile, Glassnode reported that Bitcoin open interest increased approximately $1 billion during the US session sell-off. It added another $500 million during the following US session. Funding rates initially cooled before rising again.  https://twitter.com/glassnode/status/2118743762495000889?a=IbpiM8j9jDQD3LjoHzA&s=20 Glassnode also reported renewed long positioning. Additionally, Bitcoin's correlation with the S&P 500 reached 0.80 across the last 30 US trading sessions. Since 2020, that correlation has generally remained much lower.

Bitcoin Selling Pressure Deepens as $75K Support Weakens

Only 30% of invested Bitcoin capital remains profitable, while approximately $756 billion is underwater, according to Darkfost.
Spot net volume delta turned negative on Binance (-28million)and Coinbase(-9.4 million), indicating stronger selling pressure.
Glassnode reports rising open interest and renewed long positioning, while Bitcoin’s 30-session correlation with the S&P 500 reaches 0.80.
Bitcoin faces renewed downside pressure as spot selling overtakes buying on Binance and Coinbase, weakening support around $75,000. Analyst Darkfost identified $70,000 as the next potential support, while Glassnode reported rising leverage and renewed long positioning. Meanwhile, Bitcoin's 30-session correlation with the S&P 500 has climbed to 0.80.
Bitcoin Investors Face Heavy Losses Around $75,000
According to Darkfost, approximately $26 billion in Bitcoin changed hands around current price levels. Most invested capital is between $75,000 and $85,000. At current prices, only 30% of invested capital remains profitable, representing approximately $328 billion. Meanwhile, roughly $756 billion is at a loss.
Bitcoin is struggling to maintain support above $75,000. However, less capital changed hands between $75,000 and $70,000. Darkfost identified $70,000 as the next potential support if sellers break the current level.
Spot Selling Reverses on Binance and Coinbase
Spot market data also shows a sharp shift in trading activity. According to the reported analysis, sell volume now exceeds buying on Binance and Coinbase. The shift follows a period of strong buying during late summer.
https://twitter.com/Darkfost_Coc/status/2118643407895634074?a=d5bu7gdBKGxvmbRyR2w&s=20
At the end of August, the 30-day spot net volume delta reached $64.8 million on Binance and $64.3 million on Coinbase. Buying continued into September as Bitcoin climbed from $63,000 to $85,000. However, yesterday's readings fell to negative $28 million on Binance and negative $9.4 million on Coinbase.
Coinbase recorded the reversal in October, while Binance maintained positive net spot volume longer. The latest sell-off also coincided with midterm election volatility. Bitcoin dropped 5.5%, while the S&P 500 and Nasdaq fell 4.3% and 6.3%, respectively.
Glassnode Reports Rising Leverage and Equity Correlation
Meanwhile, Glassnode reported that Bitcoin open interest increased approximately $1 billion during the US session sell-off. It added another $500 million during the following US session. Funding rates initially cooled before rising again.
https://twitter.com/glassnode/status/2118743762495000889?a=IbpiM8j9jDQD3LjoHzA&s=20
Glassnode also reported renewed long positioning. Additionally, Bitcoin's correlation with the S&P 500 reached 0.80 across the last 30 US trading sessions. Since 2020, that correlation has generally remained much lower.
Article
Four Altcoins Show Rebound Signals Despite Market Sell-Off, Says AnalystAli Charts identifies rebound targets of $0.20 for ENA, $280 for TAO, $1.60 for ATOM and 24–26 for VVV. TOTAL3 declined from approximately $840 billion in early October to $727.74 billion on November 7, despite a modest 0.23% four-hour gain. Bearish momentum persists, with RSI at 39.60 and MACD histogram at -$895.91 million; immediate support sits near $725 billion. Four altcoins are flashing daily TD Sequential buy signals despite continued weakness across the broader cryptocurrency market. Analyst Ali Charts identified potential rebounds for Ethena (ENA), Bittensor (TAO), Cosmos (ATOM), and Venice Token (VVV). However, TOTAL3 data shows altcoin capitalization remains under pressure, with bearish momentum persisting on the four-hour timeframe. Ali Charts Identifies Four Altcoin Buy Signals According to Ali Charts, Ethena recently recorded a daily TD Sequential buy signal. The previous signal appeared October 20, before ENA gained 22%. The analyst now watches $0.20 as a potential rebound target. https://twitter.com/alicharts/status/2118839376448823805?a=sDtZaUpA4v6ab1bGWy8&s=20 Similarly, Bittensor has flashed another daily buy signal. Previously, its TD Sequential sell signal anticipated a local top before TAO dropped nearly 34%. Ali Charts identified $200 as immediate support, with $280 as the potential recovery target. Cosmos also recorded a fresh daily buy signal following its recent correction. Its October 12 sell signal preceded a decline of approximately 30%. The analyst is watching whether ATOM holds $1.30 before targeting $1.60. Meanwhile, Venice Token has produced another daily buy signal. Ali Charts noted that the indicator tracked several trend changes over the past month. The analyst identified $19 as support, with $24 and $26 as potential rebound targets. TOTAL3 Market Cap Extends Its Downtrend Despite these signals, the TOTAL3 market capitalization chart shows continued weakness. The metric, which excludes Bitcoin and Ethereum, declined from approximately $840 billion in early October. By November 7, TOTAL3 had fallen to $727.74 billion.  Source: TradingView The four-hour chart shows successive lower highs and lower lows, reflecting sustained selling pressure. The latest candle opened at $726.11 billion and closed at $727.74 billion. It recorded a $1.65 billion increase, representing a 0.23% gain. RSI and MACD Maintain Bearish Readings Technical indicators also show continued weakness. The RSI is at 39.60, below its moving average of 42.24. However, it remains above the oversold threshold of 30. Additionally, the MACD line sits at -5.37billion against a signal line of-4.47 billion.  Its histogram remains negative at -$895.91 million, while displayed trading volume stands at $340.38 billion. TOTAL3 faces immediate support around $725 billion. Meanwhile, resistance stands at $740 billion to $750 billion, followed by $760 billion.

Four Altcoins Show Rebound Signals Despite Market Sell-Off, Says Analyst

Ali Charts identifies rebound targets of $0.20 for ENA, $280 for TAO, $1.60 for ATOM and 24–26 for VVV.
TOTAL3 declined from approximately $840 billion in early October to $727.74 billion on November 7, despite a modest 0.23% four-hour gain.
Bearish momentum persists, with RSI at 39.60 and MACD histogram at -$895.91 million; immediate support sits near $725 billion.
Four altcoins are flashing daily TD Sequential buy signals despite continued weakness across the broader cryptocurrency market. Analyst Ali Charts identified potential rebounds for Ethena (ENA), Bittensor (TAO), Cosmos (ATOM), and Venice Token (VVV). However, TOTAL3 data shows altcoin capitalization remains under pressure, with bearish momentum persisting on the four-hour timeframe.
Ali Charts Identifies Four Altcoin Buy Signals
According to Ali Charts, Ethena recently recorded a daily TD Sequential buy signal. The previous signal appeared October 20, before ENA gained 22%. The analyst now watches $0.20 as a potential rebound target.
https://twitter.com/alicharts/status/2118839376448823805?a=sDtZaUpA4v6ab1bGWy8&s=20
Similarly, Bittensor has flashed another daily buy signal. Previously, its TD Sequential sell signal anticipated a local top before TAO dropped nearly 34%. Ali Charts identified $200 as immediate support, with $280 as the potential recovery target.
Cosmos also recorded a fresh daily buy signal following its recent correction. Its October 12 sell signal preceded a decline of approximately 30%. The analyst is watching whether ATOM holds $1.30 before targeting $1.60.
Meanwhile, Venice Token has produced another daily buy signal. Ali Charts noted that the indicator tracked several trend changes over the past month. The analyst identified $19 as support, with $24 and $26 as potential rebound targets.
TOTAL3 Market Cap Extends Its Downtrend
Despite these signals, the TOTAL3 market capitalization chart shows continued weakness. The metric, which excludes Bitcoin and Ethereum, declined from approximately $840 billion in early October. By November 7, TOTAL3 had fallen to $727.74 billion.
Source: TradingView
The four-hour chart shows successive lower highs and lower lows, reflecting sustained selling pressure. The latest candle opened at $726.11 billion and closed at $727.74 billion. It recorded a $1.65 billion increase, representing a 0.23% gain.
RSI and MACD Maintain Bearish Readings
Technical indicators also show continued weakness. The RSI is at 39.60, below its moving average of 42.24. However, it remains above the oversold threshold of 30. Additionally, the MACD line sits at -5.37billion against a signal line of-4.47 billion.
Its histogram remains negative at -$895.91 million, while displayed trading volume stands at $340.38 billion. TOTAL3 faces immediate support around $725 billion. Meanwhile, resistance stands at $740 billion to $750 billion, followed by $760 billion.
Article
XRP Exchange Supply Hits Four-Year High as Whales BuyCryptoQuant’s Binance Scarcity Index climbed to approximately 2.1, its highest reading since 2022, indicating reduced XRP availability on the exchange. Whale holdings increased by 60 million XRP in a week, while exchange outflows reached 13.24 million XRP and social sentiment fell to its lowest level since July. XRP faces conflicting outlooks: a breakout above $1.60 could target $2.10, while bearish traders anticipate $0.99, with $1.36 marking one prediction’s invalidation level. XRP exchange supply has tightened as Binance's scarcity index reaches its highest level since 2022. Meanwhile, analyst Ali Charts reports growing whale holdings, rising exchange outflows, and increasingly negative social sentiment. However, traders remain divided, with some anticipating a further decline toward $0.99 and others watching a potential breakout above $1.60. XRP Exchange Scarcity Reaches Highest Level Since 2022 According to CryptoQuant, XRP's Binance Scarcity Index recently climbed to approximately 2.1. This marks its highest reading since 2022, following negative readings throughout September and October 2026. The index recorded a sharp recovery in recent days, reversing its earlier decline.  https://twitter.com/cryptoquant_com/status/2118300291292369071?a=qNqviOKnTcNru8xrxZw&s=20 Notably, it also experienced several drops into negative territory during 2023 and 2024. However, the index gradually improved throughout parts of 2025 and 2026. Its latest reading reflects a reduction in XRP available for trading on Binance. Whale Accumulation Rises as Social Sentiment Weakens Ali reports that XRP social sentiment has fallen to its lowest level since July. Meanwhile, exchange outflows reached approximately 13.24 million XRP around 01:00 UTC. Additionally, whale holdings increased by roughly 60 million XRP over the past week.  https://twitter.com/alicharts/status/2118297627335016569?a=UYSwkWulUoRo5OXMk-U&s=20 Ali noted that it could not establish whether whales acquired the withdrawn exchange supply. On the daily chart, XRP appears to be developing a potential inverse head-and-shoulders formation.  The right shoulder remains under development, with traders watching the $1.60 neckline. A breakout above that level would confirm the formation and place $2.10 in focus. XRP Bearish Prediction Remains Unsettled Meanwhile, Santiment Intelligence highlighted a trader's prediction that XRP could fall toward $0.99. The trader considers the prediction invalid if XRP closes above $1.36. XRP has declined approximately 10% since the prediction, although the broader cryptocurrency market also fell.  https://twitter.com/SantimentData/status/2118726587684184150?a=ESDOkb9RRyhsCZoVsCc&s=20 Furthermore, three active short positions among profitable XRP wallets added roughly 2.1 million XRP since late October. Only one of the most profitable wallets holds a long position. However, that wallet has not traded since August. On Score, all three traders who opposed the prediction currently remain underwater. The prediction window closes in under two days, with the market scheduled to resolve November 19. XRP still needs another 17% decline to reach the $0.99 target.

XRP Exchange Supply Hits Four-Year High as Whales Buy

CryptoQuant’s Binance Scarcity Index climbed to approximately 2.1, its highest reading since 2022, indicating reduced XRP availability on the exchange.
Whale holdings increased by 60 million XRP in a week, while exchange outflows reached 13.24 million XRP and social sentiment fell to its lowest level since July.
XRP faces conflicting outlooks: a breakout above $1.60 could target $2.10, while bearish traders anticipate $0.99, with $1.36 marking one prediction’s invalidation level.
XRP exchange supply has tightened as Binance's scarcity index reaches its highest level since 2022. Meanwhile, analyst Ali Charts reports growing whale holdings, rising exchange outflows, and increasingly negative social sentiment. However, traders remain divided, with some anticipating a further decline toward $0.99 and others watching a potential breakout above $1.60.
XRP Exchange Scarcity Reaches Highest Level Since 2022
According to CryptoQuant, XRP's Binance Scarcity Index recently climbed to approximately 2.1. This marks its highest reading since 2022, following negative readings throughout September and October 2026. The index recorded a sharp recovery in recent days, reversing its earlier decline.
https://twitter.com/cryptoquant_com/status/2118300291292369071?a=qNqviOKnTcNru8xrxZw&s=20
Notably, it also experienced several drops into negative territory during 2023 and 2024. However, the index gradually improved throughout parts of 2025 and 2026. Its latest reading reflects a reduction in XRP available for trading on Binance.
Whale Accumulation Rises as Social Sentiment Weakens
Ali reports that XRP social sentiment has fallen to its lowest level since July. Meanwhile, exchange outflows reached approximately 13.24 million XRP around 01:00 UTC. Additionally, whale holdings increased by roughly 60 million XRP over the past week.
https://twitter.com/alicharts/status/2118297627335016569?a=UYSwkWulUoRo5OXMk-U&s=20
Ali noted that it could not establish whether whales acquired the withdrawn exchange supply. On the daily chart, XRP appears to be developing a potential inverse head-and-shoulders formation.
The right shoulder remains under development, with traders watching the $1.60 neckline. A breakout above that level would confirm the formation and place $2.10 in focus.
XRP Bearish Prediction Remains Unsettled
Meanwhile, Santiment Intelligence highlighted a trader's prediction that XRP could fall toward $0.99. The trader considers the prediction invalid if XRP closes above $1.36. XRP has declined approximately 10% since the prediction, although the broader cryptocurrency market also fell.
https://twitter.com/SantimentData/status/2118726587684184150?a=ESDOkb9RRyhsCZoVsCc&s=20
Furthermore, three active short positions among profitable XRP wallets added roughly 2.1 million XRP since late October. Only one of the most profitable wallets holds a long position. However, that wallet has not traded since August.
On Score, all three traders who opposed the prediction currently remain underwater. The prediction window closes in under two days, with the market scheduled to resolve November 19. XRP still needs another 17% decline to reach the $0.99 target.
Article
PEPE Tests Breakout as Selling Pressure ReturnsPEPE has broken above its long-term descending channel, but the 24-hour chart shows sellers resisting further recovery. The $0.000005036 reference level and $0.00000485 support area offer important tests for PEPE's next move. Promotional claims of 100x presale returns remain unverified, while transaction screenshots do not establish a link to PEPE. PEPE is testing a possible trend reversal after breaking above a descending channel, although recent trading shows renewed selling pressure near important short-term levels. PEPE Breakout Meets Renewed Selling Pressure CryptoJack raised the question of whether PEPE could become a cycle winner. The accompanying long-term chart shows price escaping a broad descending channel. That move followed an extended period of lower highs and lower lows. Source: X The channel's upper boundary repeatedly restricted previous recovery attempts. Meanwhile, its lower boundary tracked the prolonged decline. A rebound from that lower region eventually carried price above resistance. The latest breakout changes the chart's immediate technical structure. Several candles moved beyond the descending upper trendline. However, the move still requires follow-through before confirming a sustained reversal. The chart's displayed marker was approximately $0.0000049763. That reading belongs to the earlier chart snapshot. A separate 24-hour snapshot later showed PEPE trading at $0.000004885. Short-Term Trading Shows Sellers Regaining Control The 24-hour chart records an early decline toward approximately $0.00000485. Buyers then drove a sharp recovery above $0.0000052. That advance failed as sellers returned near the session peak. Source: Coinmarketcap Subsequent rebounds produced lower highs across the displayed trading period. The other $0.0000051 was also lost. The midday recovery was similar, with a weakening process commencing soon after. PEPE ultimately breached below the $0.000005036 level of support. The displayed daily change stood at negative 2.07%. Meanwhile, reported trading volume increased by 2.29% during the same period. The $0.00000485 area remains an immediate downside reference. If the price drops below this level, the $0.0000048 area may be exposed. On recovery, buyers would need to reclaim $0.0000050 and $0.000005036. Transaction Records and Presale Claims Require Verification 18 transfers are listed in a separate report from Bitcoinprof0637, on October 19, 2026. The number of units that they display adds up to 43.65 million, but the asset itself is not known. The largest transfer was 14.25 million units, followed by five million. The screenshots do not identify the receiving wallets' owners. Nor do they establish any connection with PEPE or SPEPE. Transaction hashes and verified wallet records would be needed to establish that link. A promotional message attributed to Bitcoin Professor advertises several memecoin opportunities. It claims more than $5 million in monthly trading profits. It also names TRUMP and SPEPE as potential upcoming winners. The message further advertises a 400 SOL giveaway. It claims a 50 SOL SPEPE presale investment and requests direct SOL payments. Its stated minimum contribution is 0.5 SOL, with promised token allocations. The promotion also predicts a 100-fold listing-price increase. Such projections remain claims rather than confirmed returns. Combined with the transfer screenshots, they provide no independent proof of presale legitimacy. PEPE's technical position therefore remains the clearest measurable part of the available material. Long term breakout is still pending while short term selling has returned. If the price breaks above the former resistance area, the bulls would be in a strong position. Conversely, renewed losses below nearby support would weaken it.

PEPE Tests Breakout as Selling Pressure Returns

PEPE has broken above its long-term descending channel, but the 24-hour chart shows sellers resisting further recovery.
The $0.000005036 reference level and $0.00000485 support area offer important tests for PEPE's next move.
Promotional claims of 100x presale returns remain unverified, while transaction screenshots do not establish a link to PEPE.
PEPE is testing a possible trend reversal after breaking above a descending channel, although recent trading shows renewed selling pressure near important short-term levels.
PEPE Breakout Meets Renewed Selling Pressure
CryptoJack raised the question of whether PEPE could become a cycle winner. The accompanying long-term chart shows price escaping a broad descending channel. That move followed an extended period of lower highs and lower lows.
Source: X
The channel's upper boundary repeatedly restricted previous recovery attempts. Meanwhile, its lower boundary tracked the prolonged decline. A rebound from that lower region eventually carried price above resistance.
The latest breakout changes the chart's immediate technical structure. Several candles moved beyond the descending upper trendline. However, the move still requires follow-through before confirming a sustained reversal.
The chart's displayed marker was approximately $0.0000049763. That reading belongs to the earlier chart snapshot. A separate 24-hour snapshot later showed PEPE trading at $0.000004885.
Short-Term Trading Shows Sellers Regaining Control
The 24-hour chart records an early decline toward approximately $0.00000485. Buyers then drove a sharp recovery above $0.0000052. That advance failed as sellers returned near the session peak.
Source: Coinmarketcap
Subsequent rebounds produced lower highs across the displayed trading period. The other $0.0000051 was also lost. The midday recovery was similar, with a weakening process commencing soon after.
PEPE ultimately breached below the $0.000005036 level of support. The displayed daily change stood at negative 2.07%. Meanwhile, reported trading volume increased by 2.29% during the same period.
The $0.00000485 area remains an immediate downside reference. If the price drops below this level, the $0.0000048 area may be exposed. On recovery, buyers would need to reclaim $0.0000050 and $0.000005036.
Transaction Records and Presale Claims Require Verification
18 transfers are listed in a separate report from Bitcoinprof0637, on October 19, 2026. The number of units that they display adds up to 43.65 million, but the asset itself is not known. The largest transfer was 14.25 million units, followed by five million.
The screenshots do not identify the receiving wallets' owners. Nor do they establish any connection with PEPE or SPEPE. Transaction hashes and verified wallet records would be needed to establish that link.
A promotional message attributed to Bitcoin Professor advertises several memecoin opportunities. It claims more than $5 million in monthly trading profits. It also names TRUMP and SPEPE as potential upcoming winners.
The message further advertises a 400 SOL giveaway. It claims a 50 SOL SPEPE presale investment and requests direct SOL payments. Its stated minimum contribution is 0.5 SOL, with promised token allocations.
The promotion also predicts a 100-fold listing-price increase. Such projections remain claims rather than confirmed returns. Combined with the transfer screenshots, they provide no independent proof of presale legitimacy.
PEPE's technical position therefore remains the clearest measurable part of the available material. Long term breakout is still pending while short term selling has returned. If the price breaks above the former resistance area, the bulls would be in a strong position. Conversely, renewed losses below nearby support would weaken it.
Verified
Article
XRP Breakout Faces a Critical $1.34 TestXRP is above the descending channel, but it needs five upward waves and a run past $1.34 to confirm the move. Support at $1.24 and $1.21 will be key in determining if the pullback will keep the recovery going or if it will stall. The latest Ledger amendment strengthens token permissions and AMM operations, adding technical improvements beyond XRP's market performance. XRP breakout momentum is developing after a prolonged correction, with traders watching $1.34 for confirmation as recent network changes improve ledger operations. Channel Breakout Leaves the Wave Count Unresolved More Crypto Online describes a breakout from XRP's descending channel. The analyst's long-term Elliott Wave count still allows a move above $11. However, the immediate structure remains the main concern. Source: X The advance currently contains three visible waves, according to the analysis.This can be a corrective rebound and not simply a continuation of the upward trend. The analyst thus desires five consecutive higher waves as more convincing proof of a breakout. In this configuration, the immediate confirmation level is $1.34. Bullish signs would be better if there is a move above it. A brief crossing without follow-through would leave the structure uncertain. The daily Bitstamp chart shows an earlier decline toward $0.95. Buyers then entered, producing a sharp recovery toward the $1.60 region. Price subsequently pulled back before approaching the descending channel's upper boundary. Fibonacci Levels Define the Recovery's Immediate Tests The 50% Fibonacci retracement is located close to $1.29291 on the chart. Its 61.8% level sits around $1.21334, while 78.6% appears near $1.10622. These are the references to use for judging future pullbacks. The supplied market snapshot places XRP around $1.31. It also reports a 2.25% daily gain and a 1.05% weekly increase. Daily trading volume stands near $1.98 billion. The first support identified by More Crypto Online sits around $1.24. A pullback toward this level could remain consistent with recovery. Buyers would need to defend it to preserve the improving short-term structure. The next support lies near $1.21, close to the chart's 61.8% retracement. Losing that area would weaken the current bullish setup. The lower $1.10 region would then become a relevant reference. Ledger Amendment Adds Technical Improvements The market outlook also coincides with a recent XRP Ledger protocol update. The fixCleanup3_4_0 amendment addresses a weakness in delegated token permissions. It also includes corrections affecting automated market makers and liquidity operations. The vulnerability involved accounts authorized to burn tokens, but not issue them. Under certain conditions, a zero-balance burn-only payment could trigger unauthorized issuance. The amendment strengthens those permission rules and closes that potential route. Other corrections concern token clawbacks and liquidity withdrawals. The update also improves asset calculations within Single Asset Vaults. These changes address accounting and operational issues across ledger-based financial applications. The amendment further addresses invalid automated market maker auction bids. Such corrections support more reliable liquidity pool operations. They also extend the update beyond its original token issuance concern. For XRP traders, the immediate focus remains the $1.34 confirmation level. Five upward waves followed by a supported pullback would strengthen the recovery case. Failure near resistance could leave the three-wave advance vulnerable. Meanwhile, support at $1.24 and $1.21 provides downside reference points. The longer-term projection above $11 remains conditional on further price development.

XRP Breakout Faces a Critical $1.34 Test

XRP is above the descending channel, but it needs five upward waves and a run past $1.34 to confirm the move.
Support at $1.24 and $1.21 will be key in determining if the pullback will keep the recovery going or if it will stall.
The latest Ledger amendment strengthens token permissions and AMM operations, adding technical improvements beyond XRP's market performance.
XRP breakout momentum is developing after a prolonged correction, with traders watching $1.34 for confirmation as recent network changes improve ledger operations.
Channel Breakout Leaves the Wave Count Unresolved
More Crypto Online describes a breakout from XRP's descending channel. The analyst's long-term Elliott Wave count still allows a move above $11. However, the immediate structure remains the main concern.
Source: X
The advance currently contains three visible waves, according to the analysis.This can be a corrective rebound and not simply a continuation of the upward trend. The analyst thus desires five consecutive higher waves as more convincing proof of a breakout.
In this configuration, the immediate confirmation level is $1.34. Bullish signs would be better if there is a move above it. A brief crossing without follow-through would leave the structure uncertain.
The daily Bitstamp chart shows an earlier decline toward $0.95. Buyers then entered, producing a sharp recovery toward the $1.60 region. Price subsequently pulled back before approaching the descending channel's upper boundary.
Fibonacci Levels Define the Recovery's Immediate Tests
The 50% Fibonacci retracement is located close to $1.29291 on the chart. Its 61.8% level sits around $1.21334, while 78.6% appears near $1.10622. These are the references to use for judging future pullbacks.
The supplied market snapshot places XRP around $1.31. It also reports a 2.25% daily gain and a 1.05% weekly increase. Daily trading volume stands near $1.98 billion.
The first support identified by More Crypto Online sits around $1.24. A pullback toward this level could remain consistent with recovery. Buyers would need to defend it to preserve the improving short-term structure.
The next support lies near $1.21, close to the chart's 61.8% retracement. Losing that area would weaken the current bullish setup. The lower $1.10 region would then become a relevant reference.
Ledger Amendment Adds Technical Improvements
The market outlook also coincides with a recent XRP Ledger protocol update. The fixCleanup3_4_0 amendment addresses a weakness in delegated token permissions. It also includes corrections affecting automated market makers and liquidity operations.
The vulnerability involved accounts authorized to burn tokens, but not issue them. Under certain conditions, a zero-balance burn-only payment could trigger unauthorized issuance. The amendment strengthens those permission rules and closes that potential route.
Other corrections concern token clawbacks and liquidity withdrawals. The update also improves asset calculations within Single Asset Vaults. These changes address accounting and operational issues across ledger-based financial applications.
The amendment further addresses invalid automated market maker auction bids. Such corrections support more reliable liquidity pool operations. They also extend the update beyond its original token issuance concern.
For XRP traders, the immediate focus remains the $1.34 confirmation level. Five upward waves followed by a supported pullback would strengthen the recovery case. Failure near resistance could leave the three-wave advance vulnerable. Meanwhile, support at $1.24 and $1.21 provides downside reference points. The longer-term projection above $11 remains conditional on further price development.
Article
PEPE Market Outlook as Selling Pressure BuildsDespite the overall selling pressure on the market, trading volume rose 17.01% to about $388.3 million. Mercado Bitcoin breach reports identify 372.99 billion stolen PEPE tokens, valued at approximately $1.79 million. The previous chart patterns imply a potential bull market repetition, but the resistance and liquidity levels need to be closely monitored.  The market developments in PEPE are mixed, with selling pressure and rising trading volume teasers of potential changes, alongside reported thefts. PEPE Faces Selling Pressure Despite Recovery Attempts Whale Alert Desk recently shared an optimistic message about PEPE's long-term potential. The account joked about organising a moon party if the token reaches $1. It invited committed holders to attend, wearing green outfits. Source: X However, the latest intraday chart presents a different picture. PEPE as of the time of writing  traded at $0.000004719, representing a 2.61% decline over 24 hours. Prices began to decline from about $0.00000485 to $0.00000460. Buyers subsequently pushed the token towards $0.00000480. However, sellers returned before that recovery could develop into sustained upward movement. Price then settled within a narrower trading range. The support level is currently around $0.00000460. Meanwhile, resistance stands between $0.00000480 and $0.00000485. A break above resistance will be great for the momentum and a break below support would allow more selling to occur. Earlier Chart Formation Presents a Possible Bullish Scenario The longer time frame 3-day chart shows an early five-wave advance. This is a formation that began in late 2023 and is ongoing through November 2024. It was then followed by an A-B-C correction towards the approximate $0.00000627. The chart subsequently identifies a recovery resembling the earlier upward structure. Its annotations suggest possible fractal repetition across different market periods. Such formations offer comparisons, but do not guarantee identical price movements. Another important reference appears around $0.00002337. The chart identifies this region as strong-high liquidity. A breakout from it can help confirm the bullish scenario. That chart is from May 2, 2025, though. Its marked levels must not be mistaken with the current intraday support and resistance. The earlier formation is a historical formation, not necessarily a contemporary one. Mercado Bitcoin Exploit Adds Uncertainty Around PEPE Holdings The reported Mercado Bitcoin security breach introduces another concern. Lookonchain estimates the stolen assets at more than $46 million. The attacker reportedly holds 372.99 billion PEPE, worth approximately $1.79 million. Other reported holdings include AAVE, PENDLE and VIRTUAL. Ethereum and Bitcoin account for approximately $16.4 million combined. More than $9 million in stolen assets was reportedly frozen. The frozen funds do not necessarily represent recovered assets. Investigators must still establish how much remains accessible to the attacker. The reported PEPE holdings also warrant attention from market participants. Potential selling pressure depends on whether those tokens enter accessible markets. A wallet balance alone does not establish an actual sale. Transfers, exchange deposits and available liquidity would provide clearer evidence. The token's supply also puts the $1 discussion into perspective. The supplied market snapshot lists approximately 413.77 trillion PEPE tokens.The $413.77 trillion valuation is based on a one dollar valuation. The near-term focus in the short term is on price action at key timeframes. Buyers must put up resistance to nearby support and challenge. In the meantime, the stolen wallet situation might add to the confusion. 

PEPE Market Outlook as Selling Pressure Builds

Despite the overall selling pressure on the market, trading volume rose 17.01% to about $388.3 million.
Mercado Bitcoin breach reports identify 372.99 billion stolen PEPE tokens, valued at approximately $1.79 million.
The previous chart patterns imply a potential bull market repetition, but the resistance and liquidity levels need to be closely monitored.
The market developments in PEPE are mixed, with selling pressure and rising trading volume teasers of potential changes, alongside reported thefts.
PEPE Faces Selling Pressure Despite Recovery Attempts
Whale Alert Desk recently shared an optimistic message about PEPE's long-term potential. The account joked about organising a moon party if the token reaches $1. It invited committed holders to attend, wearing green outfits.
Source: X
However, the latest intraday chart presents a different picture. PEPE as of the time of writing traded at $0.000004719, representing a 2.61% decline over 24 hours. Prices began to decline from about $0.00000485 to $0.00000460.
Buyers subsequently pushed the token towards $0.00000480. However, sellers returned before that recovery could develop into sustained upward movement. Price then settled within a narrower trading range.
The support level is currently around $0.00000460. Meanwhile, resistance stands between $0.00000480 and $0.00000485. A break above resistance will be great for the momentum and a break below support would allow more selling to occur.
Earlier Chart Formation Presents a Possible Bullish Scenario
The longer time frame 3-day chart shows an early five-wave advance. This is a formation that began in late 2023 and is ongoing through November 2024. It was then followed by an A-B-C correction towards the approximate $0.00000627.
The chart subsequently identifies a recovery resembling the earlier upward structure. Its annotations suggest possible fractal repetition across different market periods. Such formations offer comparisons, but do not guarantee identical price movements.
Another important reference appears around $0.00002337. The chart identifies this region as strong-high liquidity. A breakout from it can help confirm the bullish scenario.
That chart is from May 2, 2025, though. Its marked levels must not be mistaken with the current intraday support and resistance. The earlier formation is a historical formation, not necessarily a contemporary one.
Mercado Bitcoin Exploit Adds Uncertainty Around PEPE Holdings
The reported Mercado Bitcoin security breach introduces another concern. Lookonchain estimates the stolen assets at more than $46 million. The attacker reportedly holds 372.99 billion PEPE, worth approximately $1.79 million.
Other reported holdings include AAVE, PENDLE and VIRTUAL. Ethereum and Bitcoin account for approximately $16.4 million combined. More than $9 million in stolen assets was reportedly frozen.
The frozen funds do not necessarily represent recovered assets. Investigators must still establish how much remains accessible to the attacker. The reported PEPE holdings also warrant attention from market participants.
Potential selling pressure depends on whether those tokens enter accessible markets. A wallet balance alone does not establish an actual sale. Transfers, exchange deposits and available liquidity would provide clearer evidence.
The token's supply also puts the $1 discussion into perspective. The supplied market snapshot lists approximately 413.77 trillion PEPE tokens.The $413.77 trillion valuation is based on a one dollar valuation.
The near-term focus in the short term is on price action at key timeframes. Buyers must put up resistance to nearby support and challenge. In the meantime, the stolen wallet situation might add to the confusion.
Article
Bitcoin Miner Revenue Drops as Riot Sells 10,599 BTCCryptoQuant's Puell Multiplier fell to 0.89 on November 2, its lowest reading since September 19, indicating declining miner revenue. Riot Platforms sold 10,599 BTC in Q3, reducing its Bitcoin holdings by nearly 79% to 2,418 BTC by September 30. Riot's data center contracts reached $38 billion in long-term revenue, supported by a 15-year, $28 billion agreement with an AI lab. Bitcoin miners are earning less as Bitcoin revenue declines, while Riot Platforms sold 10,599 BTC during the third quarter. CryptoQuant reported that the Puell Multiplier reached 0.89 on November 2, its lowest reading since September 19. Meanwhile, Riot reduced its Bitcoin holdings by nearly 79%, primarily to finance data center construction. https://twitter.com/cryptoquant_com/status/2117976260534214911?a=EvowgbNzmTUkSr7wbiU&s=20 CryptoQuant Tracks Declining Miner Revenue CryptoQuant said the Puell Multiplier’s seven-day average fell from 1.11 to 1.00 within one week. This represented a 10% decline in miners’ revenue relative to its annual average. The metric compares current miner earnings with their annual average.  A reading of 1.00 means miners earn their typical daily revenue. However, CryptoQuant said the latest decline does not indicate forced selling. In 2026, the multiplier stayed below 0.60 for 11 days across February, April, June, and July.  It reached its yearly low of 0.54 on June 7.  Moreover, the metric remained between 0.89 and 1.30 from August 24. CryptoQuant identified a drop below 0.89 as a break from that range. A 30-day moving average crossing below the 60-day average would also mark the first occurrence since June. Riot Sells 10,599 BTC During Third Quarter Riot Platforms reduced its Bitcoin holdings from 11,380 BTC at the end of June to 2,418 BTC by September 30. The sale represented a nearly 79% reduction during the quarter. https://twitter.com/WuBlockchain/status/2117972478962356314?a=2tIy_vAi1vtBgc9DW4s&s=20 Additionally, the company sold 20,264 BTC during the first nine months of 2026. Those sales generated approximately $1.5 billion, primarily funding data center construction. Data Center Revenue Contracts Reach $38 Billion Riot reported third-quarter revenue of $181 million, up 1% year over year. However, net income fell to $4.03 million from $104 million in the previous year's quarter. Bitcoin mining generated $116 million, representing a 28% annual decline.  Meanwhile, Riot signed a 15-year lease with an unnamed leading AI lab for 910 megawatts of IT capacity. The agreement carries an initial contract value of approximately $28 billion.  Riot's total contracted data center capacity now stands at 1,151 megawatts, with long-term contract revenue reaching approximately $38 billion.

Bitcoin Miner Revenue Drops as Riot Sells 10,599 BTC

CryptoQuant's Puell Multiplier fell to 0.89 on November 2, its lowest reading since September 19, indicating declining miner revenue.
Riot Platforms sold 10,599 BTC in Q3, reducing its Bitcoin holdings by nearly 79% to 2,418 BTC by September 30.
Riot's data center contracts reached $38 billion in long-term revenue, supported by a 15-year, $28 billion agreement with an AI lab.
Bitcoin miners are earning less as Bitcoin revenue declines, while Riot Platforms sold 10,599 BTC during the third quarter. CryptoQuant reported that the Puell Multiplier reached 0.89 on November 2, its lowest reading since September 19. Meanwhile, Riot reduced its Bitcoin holdings by nearly 79%, primarily to finance data center construction.
https://twitter.com/cryptoquant_com/status/2117976260534214911?a=EvowgbNzmTUkSr7wbiU&s=20
CryptoQuant Tracks Declining Miner Revenue
CryptoQuant said the Puell Multiplier’s seven-day average fell from 1.11 to 1.00 within one week. This represented a 10% decline in miners’ revenue relative to its annual average. The metric compares current miner earnings with their annual average.
A reading of 1.00 means miners earn their typical daily revenue. However, CryptoQuant said the latest decline does not indicate forced selling. In 2026, the multiplier stayed below 0.60 for 11 days across February, April, June, and July. It reached its yearly low of 0.54 on June 7.
Moreover, the metric remained between 0.89 and 1.30 from August 24. CryptoQuant identified a drop below 0.89 as a break from that range. A 30-day moving average crossing below the 60-day average would also mark the first occurrence since June.
Riot Sells 10,599 BTC During Third Quarter
Riot Platforms reduced its Bitcoin holdings from 11,380 BTC at the end of June to 2,418 BTC by September 30. The sale represented a nearly 79% reduction during the quarter.
https://twitter.com/WuBlockchain/status/2117972478962356314?a=2tIy_vAi1vtBgc9DW4s&s=20
Additionally, the company sold 20,264 BTC during the first nine months of 2026. Those sales generated approximately $1.5 billion, primarily funding data center construction.
Data Center Revenue Contracts Reach $38 Billion
Riot reported third-quarter revenue of $181 million, up 1% year over year. However, net income fell to $4.03 million from $104 million in the previous year's quarter. Bitcoin mining generated $116 million, representing a 28% annual decline.
Meanwhile, Riot signed a 15-year lease with an unnamed leading AI lab for 910 megawatts of IT capacity. The agreement carries an initial contract value of approximately $28 billion.
Riot's total contracted data center capacity now stands at 1,151 megawatts, with long-term contract revenue reaching approximately $38 billion.
BTC-0.26%
RIOTUS+14.58%
Article
Ondo Finance Becomes World’s Largest Tokenization PlatformOndo Finance surpasses $4 billion in tokenized real-world assets, ranking #1 out of 203 platforms tracked by RWA.xyz, with 484 tokenized assets and more than 565,000 holders GREENWICH, Conn., Nov. 5, 2026 /PRNewswire/ -- Ondo Finance, the leading tokenizer of institutional-grade financial products, today announced it has become the largest tokenization platform in the world, according to the same RWA.xyz data.Tokenized real-world assets (RWAs) have become one of the fastest-growing corners within global finance. More than $39 billion in RWAs (which exclude stablecoins) are now held onchain, up from roughly $4 billion at the start of 2025, according to RWA.xyz. The current market capitalization of Ondo tokenized products now exceeds $4 across 484 distinct real-world assets, ranking first among the 203 tokenization platforms RWA.xyz tracks and accounting for roughly 10% of all non-stablecoin tokenized value. Ondo Finance also tokenizes more assets than any other top-ten platform, and Ondo tokenized products reach more than 565,000 RWA holders onchain. Over the past year, demand has spread well beyond tokenized Treasuries. Investors are moving onchain for tokenized equities, funds and other assets they can access, trade and use around the clock. Ondo Finance has been intentional in its growth with that shift. It has built one of the widest technology platforms in the market and opened access to investors around the world outside the U.S. Through Ondo Global Markets, those investors can hold tokens providing economic exposure to U.S. stocks and ETFs directly in their own wallets across multiple blockchains. "Becoming the largest tokenization platform in the world is a milestone for Ondo, and it's a clear signal of where the market is headed," said Ian De Bode, Acting CEO and President of Ondo Finance. "We built Ondo to bring the world's most trusted financial assets onchain in a form that institutions and everyday investors alike can hold directly. Crossing $4 billion with more than half a million holders shows that Ondo tokenized products are at the center of innovation and high-quality tokenized assets are real, global and accelerating." A milestone built across the full suite The #1 ranking reflects growth across Ondo's entire tokenized product suite, including tokenized U.S. Treasuries, tokenized U.S. stocks and ETFs, and Ondo's broader institutional offerings. Ondo is the only platform ranked in the top two for both tokenized Treasuries and tokenized stocks. This week, Ondo Intelligent Portfolios also crossed $50 million, making it the largest onchain portfolio product on the market. Momentum across 2026 The ranking caps a year of rapid expansion for Ondo tokenized assets: Tokenized Treasuries: USDY is now the largest tokenized Treasuries product in the world, and Ondo has three products among the top 11, with a market capitalization of more than $3 billion, roughly a fifth of the $14.2 billion tokenized Treasuries market. Tokenized stocks and ETFs: Ondo Global Markets became the largest tokenized stock issuer within 48 hours of its September 2025 launch and now offers more than 430 tokenized U.S. stocks and ETFs across Ethereum, Solana and BSC, with more than $900 million in tokenized value. Multichain reach: Ondo tokenized products are available across 10 blockchains. Beyond Ethereum, investors hold more than $500 million in Ondo tokenized assets on Solana and Stellar, and nearly $500 million on BSC. Solana now hosts a greater variety of  Ondo tokenized assets than any other network, at 485. About Ondo Finance Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient. For more information about Ondo Global Markets, please visit ondo.finance/global-markets. Disclaimer [*] The tokenized assets referenced herein (including (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now known as Ondo Stocks, and formerly known as Ondo tokenized stocks and ETFs, or as Ondo Global Markets tokens, (collectively, the "Ondo Stocks") and (ii) USDY tokens (collectively, the "Tokens") have not been registered under the US Securities Act of 1933, as amended (the "Act") or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available.  In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, the Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction's analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the EEA, or under the securities or financial instrument laws of any other jurisdiction. Ondo Stocks provide their holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable tax withholdings). However, Ondo Stocks are not themselves stocks, ETFs or ADRs and the Ondo Stocks do not provide their holders with rights to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries. In the EEA/EU, a base prospectus relating to the Tokens has been approved by the Financial Market Authority Liechtenstein (FMA) and notified, at the issuer's request, to certain EEA Member States (the "Relevant EEA States"), making many Ondo Stocks available to both professional and retail investors, though certain Ondo Stocks are only available to professional investors in the EEA/EU. The prospectus is published at app.ondo.finance at each applicable Token's webpage. The approval of the prospectus should not be understood as an endorsement of the Tokens. Investors residing in the EU/EEA should read the prospectus, and the relevant final terms and KID for each applicable Token, before investing in order to fully understand the potential risks and rewards associated with the decision to invest. This notice is a marketing communication and does not constitute a prospectus. Certain Ondo Stocks (referred to in the UAE as "Digital Securities") have been admitted to trading on Nest Exchange Limited, a Multilateral Trading Facility for Digital Assets operated by Binance in the Abu Dhabi Global Market ("ADGM"), authorised by the Financial Services Regulatory Authority (the "FSRA"). Such Digital Securities are available for trading by those investors eligible for a Binance account. The ADGM FSRA has no responsibility for reviewing or verifying any documents in connection with the admission to trading of such Digital Securities in the ADGM. The FSRA has not approved the documents in connection with the admission to trading nor taken steps to verify the information set out in it and has no responsibility for it. No offer of securities is being made in ADGM. Prospective purchasers of such Digital Securities admitted to trading should conduct their own due diligence on such Digital Securities. In the United Kingdom, the communications herein may be deemed a financial promotion pursuant to Section 21 of the Financial Services and Markets Act 2000. To the extent that any such finding is made, the communications herein are only intended for, and directed at, investment professionals as defined in article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "FPO") who have experience of interacting with the Ondo Stocks and USDY tokens; high net worth companies as defined in article 49 of the FPO, and/or any other persons to whom lawful communication is permitted. Any person not falling within these categories is not permitted to act upon anything within the communications herein, and shall not be entitled to rely upon their contents. Ondo Global Markets (BVI) Limited will not enter into arrangements with such persons concerning Ondo Stocks and USDY tokens as a result of this or any other communication. The Tokens are issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. OUSG tokens are issued by Ondo I LP, a Delaware (USA) limited partnership (the "Fund"). Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to, and is an equity holder of, Ondo Global Markets (BVI) Limited. The communications herein are only intended for eligible purchasers of, or for actual or potential business relationships or technical integrations with respect to the Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any Tokens. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring the  Tokens involves risks. A holder of the Tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice. The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited, or any of their respective affiliates (each, an "Applicable Entity"). These statements are based on management's current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (as applicable) the Token offering documents for details.

Ondo Finance Becomes World’s Largest Tokenization Platform

Ondo Finance surpasses $4 billion in tokenized real-world assets, ranking #1 out of 203 platforms tracked by RWA.xyz, with 484 tokenized assets and more than 565,000 holders
GREENWICH, Conn., Nov. 5, 2026 /PRNewswire/ -- Ondo Finance, the leading tokenizer of institutional-grade financial products, today announced it has become the largest tokenization platform in the world, according to the same RWA.xyz data.Tokenized real-world assets (RWAs) have become one of the fastest-growing corners within global finance. More than $39 billion in RWAs (which exclude stablecoins) are now held onchain, up from roughly $4 billion at the start of 2025, according to RWA.xyz.
The current market capitalization of Ondo tokenized products now exceeds $4 across 484 distinct real-world assets, ranking first among the 203 tokenization platforms RWA.xyz tracks and accounting for roughly 10% of all non-stablecoin tokenized value. Ondo Finance also tokenizes more assets than any other top-ten platform, and Ondo tokenized products reach more than 565,000 RWA holders onchain.
Over the past year, demand has spread well beyond tokenized Treasuries. Investors are moving onchain for tokenized equities, funds and other assets they can access, trade and use around the clock. Ondo Finance has been intentional in its growth with that shift. It has built one of the widest technology platforms in the market and opened access to investors around the world outside the U.S. Through Ondo Global Markets, those investors can hold tokens providing economic exposure to U.S. stocks and ETFs directly in their own wallets across multiple blockchains.
"Becoming the largest tokenization platform in the world is a milestone for Ondo, and it's a clear signal of where the market is headed," said Ian De Bode, Acting CEO and President of Ondo Finance. "We built Ondo to bring the world's most trusted financial assets onchain in a form that institutions and everyday investors alike can hold directly. Crossing $4 billion with more than half a million holders shows that Ondo tokenized products are at the center of innovation and high-quality tokenized assets are real, global and accelerating."
A milestone built across the full suite
The #1 ranking reflects growth across Ondo's entire tokenized product suite, including tokenized U.S. Treasuries, tokenized U.S. stocks and ETFs, and Ondo's broader institutional offerings. Ondo is the only platform ranked in the top two for both tokenized Treasuries and tokenized stocks. This week, Ondo Intelligent Portfolios also crossed $50 million, making it the largest onchain portfolio product on the market.
Momentum across 2026
The ranking caps a year of rapid expansion for Ondo tokenized assets:
Tokenized Treasuries: USDY is now the largest tokenized Treasuries product in the world, and Ondo has three products among the top 11, with a market capitalization of more than $3 billion, roughly a fifth of the $14.2 billion tokenized Treasuries market.
Tokenized stocks and ETFs: Ondo Global Markets became the largest tokenized stock issuer within 48 hours of its September 2025 launch and now offers more than 430 tokenized U.S. stocks and ETFs across Ethereum, Solana and BSC, with more than $900 million in tokenized value.
Multichain reach: Ondo tokenized products are available across 10 blockchains. Beyond Ethereum, investors hold more than $500 million in Ondo tokenized assets on Solana and Stellar, and nearly $500 million on BSC. Solana now hosts a greater variety of Ondo tokenized assets than any other network, at 485.
About Ondo Finance
Ondo Finance is a blockchain-based technology company focused on tokenizing real-world assets and bringing institutional-quality financial products onchain. By bridging traditional finance and decentralized infrastructure, Ondo aims to make capital markets more accessible, transparent, and efficient. For more information about Ondo Global Markets, please visit ondo.finance/global-markets.
Disclaimer
[*] The tokenized assets referenced herein (including (i) the tokenized stocks, tokenized ETFs and tokenized ADRs now known as Ondo Stocks, and formerly known as Ondo tokenized stocks and ETFs, or as Ondo Global Markets tokens, (collectively, the "Ondo Stocks") and (ii) USDY tokens (collectively, the "Tokens") have not been registered under the US Securities Act of 1933, as amended (the "Act") or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available. In certain jurisdictions, including the United Kingdom, Switzerland and Singapore, the Ondo Stocks and USDY tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction's analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. The issuer of the Tokens is not registered as an investment company under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Fund or Undertaking for Collective Investment in Transferable Securities in the EEA, or under the securities or financial instrument laws of any other jurisdiction.
Ondo Stocks provide their holders with economic exposure to the value of their underlying assets, including the value of dividends (less applicable tax withholdings). However, Ondo Stocks are not themselves stocks, ETFs or ADRs and the Ondo Stocks do not provide their holders with rights to hold or receive their respective underlying assets. Similarly, USDY tokens provide their holders with economic exposure to short-term US treasuries, but USDY tokens are not themselves US treasuries and do not provide their holders with rights to hold or receive any US treasuries.
In the EEA/EU, a base prospectus relating to the Tokens has been approved by the Financial Market Authority Liechtenstein (FMA) and notified, at the issuer's request, to certain EEA Member States (the "Relevant EEA States"), making many Ondo Stocks available to both professional and retail investors, though certain Ondo Stocks are only available to professional investors in the EEA/EU. The prospectus is published at app.ondo.finance at each applicable Token's webpage. The approval of the prospectus should not be understood as an endorsement of the Tokens. Investors residing in the EU/EEA should read the prospectus, and the relevant final terms and KID for each applicable Token, before investing in order to fully understand the potential risks and rewards associated with the decision to invest. This notice is a marketing communication and does not constitute a prospectus.
Certain Ondo Stocks (referred to in the UAE as "Digital Securities") have been admitted to trading on Nest Exchange Limited, a Multilateral Trading Facility for Digital Assets operated by Binance in the Abu Dhabi Global Market ("ADGM"), authorised by the Financial Services Regulatory Authority (the "FSRA"). Such Digital Securities are available for trading by those investors eligible for a Binance account. The ADGM FSRA has no responsibility for reviewing or verifying any documents in connection with the admission to trading of such Digital Securities in the ADGM. The FSRA has not approved the documents in connection with the admission to trading nor taken steps to verify the information set out in it and has no responsibility for it. No offer of securities is being made in ADGM. Prospective purchasers of such Digital Securities admitted to trading should conduct their own due diligence on such Digital Securities.
In the United Kingdom, the communications herein may be deemed a financial promotion pursuant to Section 21 of the Financial Services and Markets Act 2000. To the extent that any such finding is made, the communications herein are only intended for, and directed at, investment professionals as defined in article 19 of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "FPO") who have experience of interacting with the Ondo Stocks and USDY tokens; high net worth companies as defined in article 49 of the FPO, and/or any other persons to whom lawful communication is permitted. Any person not falling within these categories is not permitted to act upon anything within the communications herein, and shall not be entitled to rely upon their contents. Ondo Global Markets (BVI) Limited will not enter into arrangements with such persons concerning Ondo Stocks and USDY tokens as a result of this or any other communication.
The Tokens are issued by Ondo Global Markets (BVI) Limited, a British Virgin Islands business company. OUSG tokens are issued by Ondo I LP, a Delaware (USA) limited partnership (the "Fund"). Ondo Finance Inc., a Delaware (USA) corporation, provides tokenization services to, and is an equity holder of, Ondo Global Markets (BVI) Limited.
The communications herein are only intended for eligible purchasers of, or for actual or potential business relationships or technical integrations with respect to the Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any Tokens. Nothing herein constitutes investment, legal, tax or financial advice. Acquiring the Tokens involves risks. A holder of the Tokens may incur losses, including total loss of their purchase price. Past performance is not an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.
The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Ondo Finance, Ondo Global Markets (BVI) Limited, or any of their respective affiliates (each, an "Applicable Entity"). These statements are based on management's current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
Additional terms and restrictions apply. See docs.ondo.finance/legal/terms-of-service, docs.ondo.finance/ondo-stocks, ondo.finance/stocks, app.ondo.finance and (as applicable) the Token offering documents for details.
Article
Hong Kong Passes Crypto Tax Reporting Law With 2027 StartUnder CARF, crypto-asset service providers must collect transaction information from 2027, with automatic exchanges beginning in 2028. Updated CRS rules take effect in 2028, expanding coverage to digital financial products, while information exchanges begin in 2029. Hong Kong’s Inland Revenue Department will issue guidance and provide technical support to help businesses meet the new reporting requirements. Hong Kong’s Legislative Council passed a new crypto tax reporting law on November 4. The measure implements the OECD’s Crypto-Asset Reporting Framework and requires relevant service providers to collect transaction data from 2027. The city plans automatic exchanges of crypto tax information with partner jurisdictions from 2028 under the new framework. https://twitter.com/WuBlockchain/status/2117930750469357944?s=20 Crypto Providers Face New Reporting Duties The law implements two standards developed by the Organisation for Economic Co-operation and Development. One is the Crypto-Asset Reporting Framework, known as CARF. Under CARF, service providers must collect information specified by the framework from 2027. The Inland Revenue Department will use that information for annual exchanges with partner jurisdictions starting in 2028. The OECD published CARF in 2023 as digital asset markets expanded. The framework provides for automatic exchanges of tax information on crypto-asset transactions. Hong Kong will conduct exchanges reciprocally, subject to data confidentiality and security. Updated CRS Rules Begin in 2028 The legislation also updates Hong Kong’s Common Reporting Standard, which governs annual exchanges of financial account information. The amended CRS will take effect in 2028. It extends coverage to digital financial products and strengthens reporting and due diligence requirements. However, exchanges under the updated standard will begin in 2029. The Inland Revenue Department will automatically share financial account information with suitable partner jurisdictions under the revised rules. Hong Kong has exchanged financial account information with partner jurisdictions annually since 2018 under the existing CRS. The government said the system helps tax authorities detect and combat tax evasion. Christopher Hui Sets Out Implementation Support Financial Services and the Treasury Secretary Christopher Hui said the law supports international tax transparency. He also cited efforts to combat cross-border tax evasion. Hui said alignment with international standards helps maintain Hong Kong’s standing as an international financial and commercial center. He added that the changes would reinforce confidence among crypto-asset service providers and financial institutions. Digital asset users operating or investing in Hong Kong are also included. To help businesses prepare, the Inland Revenue Department will issue guidance and has established a dedicated team. The team will provide technical support and respond to industry questions about the new requirements.

Hong Kong Passes Crypto Tax Reporting Law With 2027 Start

Under CARF, crypto-asset service providers must collect transaction information from 2027, with automatic exchanges beginning in 2028.
Updated CRS rules take effect in 2028, expanding coverage to digital financial products, while information exchanges begin in 2029.
Hong Kong’s Inland Revenue Department will issue guidance and provide technical support to help businesses meet the new reporting requirements.
Hong Kong’s Legislative Council passed a new crypto tax reporting law on November 4. The measure implements the OECD’s Crypto-Asset Reporting Framework and requires relevant service providers to collect transaction data from 2027. The city plans automatic exchanges of crypto tax information with partner jurisdictions from 2028 under the new framework.
https://twitter.com/WuBlockchain/status/2117930750469357944?s=20
Crypto Providers Face New Reporting Duties
The law implements two standards developed by the Organisation for Economic Co-operation and Development. One is the Crypto-Asset Reporting Framework, known as CARF.
Under CARF, service providers must collect information specified by the framework from 2027. The Inland Revenue Department will use that information for annual exchanges with partner jurisdictions starting in 2028.
The OECD published CARF in 2023 as digital asset markets expanded. The framework provides for automatic exchanges of tax information on crypto-asset transactions. Hong Kong will conduct exchanges reciprocally, subject to data confidentiality and security.
Updated CRS Rules Begin in 2028
The legislation also updates Hong Kong’s Common Reporting Standard, which governs annual exchanges of financial account information. The amended CRS will take effect in 2028. It extends coverage to digital financial products and strengthens reporting and due diligence requirements.
However, exchanges under the updated standard will begin in 2029. The Inland Revenue Department will automatically share financial account information with suitable partner jurisdictions under the revised rules.
Hong Kong has exchanged financial account information with partner jurisdictions annually since 2018 under the existing CRS. The government said the system helps tax authorities detect and combat tax evasion.
Christopher Hui Sets Out Implementation Support
Financial Services and the Treasury Secretary Christopher Hui said the law supports international tax transparency. He also cited efforts to combat cross-border tax evasion. Hui said alignment with international standards helps maintain Hong Kong’s standing as an international financial and commercial center.
He added that the changes would reinforce confidence among crypto-asset service providers and financial institutions. Digital asset users operating or investing in Hong Kong are also included.
To help businesses prepare, the Inland Revenue Department will issue guidance and has established a dedicated team. The team will provide technical support and respond to industry questions about the new requirements.
Article
Solana Liquidation Pressure Builds as SOL Tests $92Approximately $60 million in long liquidations sits below SOL, compared with $16 million in potential short liquidations above spot. Large positions remain 88% long, while smaller accounts show 59% bullish exposure, according to Market Sniper Pro's figures. The RSI from SOL is below 27.57, and the MACD indicator is on a negative trend, further confirming the downward momentum. The liquidation pressure at Solana is mounting with leveraged positioning, declining momentum and focused downside risk keeping the market on its toes. Large Traders Maintain Bullish Positions Despite Growing Downside Exposure Market Sniper Pro has drawn attention to an unusual positioning imbalance. According to the account, positions exceeding $1 million are 88% long. Smaller positions show a comparatively lower bullish allocation of 59%. Source: X The distinction suggests larger accounts remain more confident about SOL's direction. However, their positioning contrasts with the liquidation map's considerable downside exposure. This difference creates an interesting situation for traders monitoring leveraged market activity. The liquidation heatmap identifies approximately $60 million in potential long liquidations below spot. Meanwhile, short liquidations above the reference price total approximately $16 million. The difference leaves considerably more leveraged exposure vulnerable during a decline. The map places SOL's reference price around $92. Long liquidation clusters extend towards $85 and eventually $71. The largest individual concentration appears around $71, representing approximately $17 million. These figures identify potential liquidation areas, not guaranteed future price destinations. $85.12 Emerges as an Important Level for Large Positions The post also identifies a notable large-position concentration. The account reports a $5 million position level around $85.12. That price sits approximately 7.6% below the reported spot level. This concentration deserves attention because it falls within the map's downside liquidity region. A decline towards $85 could expose additional leveraged positions. Forced closures could then increase selling activity around that area. The heatmap also shows several smaller liquidation clusters between $75 and $85. Further down, the $71 concentration represents the largest individual exposure. A move towards this level could trigger additional forced selling. Above spot, green liquidation clusters appear around $98, $103 and $109. These areas represent potential short liquidations if SOL stages a recovery. Forced short closures could create additional buying demand during an upward move. Daily Technical Indicators Continue to Favour Sellers The daily chart provides further context for the liquidation data. SOL recently traded around $92.446, following a decline from approximately $122. Its price action remains confined within a descending channel established during October. Source: Tradingview The channel's upper boundary continues to restrict recovery attempts. Meanwhile, the lower trendline provides a reference for potential downside support. Recent candles show sellers maintaining control despite occasional attempts by buyers. The Relative Strength Index currently reads 27.57. This places SOL below the commonly monitored oversold threshold of 30. Its signal average stands at 34.30, showing the extent of recent momentum weakness. The MACD also remains firmly within negative territory. Its reading stands at -4.209, against a signal line of -3.363. The histogram reads -0.846, reflecting continued bearish momentum. These indicators leave SOL facing two competing market scenarios. A breakdown could expose the $85 region and deeper liquidation clusters. Conversely, recovery above 98–100 could bring nearby short liquidations into focus. A stronger reversal would require a break above the descending channel. For now, leveraged positioning and technical weakness point towards elevated market sensitivity. The $85.12 concentration deserves attention alongside the larger $71 liquidation cluster. Whether buyers defend current levels or sellers gain further ground remains unresolved. Price behaviour and changing leverage will provide the next useful signals.

Solana Liquidation Pressure Builds as SOL Tests $92

Approximately $60 million in long liquidations sits below SOL, compared with $16 million in potential short liquidations above spot.
Large positions remain 88% long, while smaller accounts show 59% bullish exposure, according to Market Sniper Pro's figures.
The RSI from SOL is below 27.57, and the MACD indicator is on a negative trend, further confirming the downward momentum.
The liquidation pressure at Solana is mounting with leveraged positioning, declining momentum and focused downside risk keeping the market on its toes.
Large Traders Maintain Bullish Positions Despite Growing Downside Exposure
Market Sniper Pro has drawn attention to an unusual positioning imbalance. According to the account, positions exceeding $1 million are 88% long. Smaller positions show a comparatively lower bullish allocation of 59%.
Source: X
The distinction suggests larger accounts remain more confident about SOL's direction. However, their positioning contrasts with the liquidation map's considerable downside exposure. This difference creates an interesting situation for traders monitoring leveraged market activity.
The liquidation heatmap identifies approximately $60 million in potential long liquidations below spot. Meanwhile, short liquidations above the reference price total approximately $16 million. The difference leaves considerably more leveraged exposure vulnerable during a decline.
The map places SOL's reference price around $92. Long liquidation clusters extend towards $85 and eventually $71. The largest individual concentration appears around $71, representing approximately $17 million. These figures identify potential liquidation areas, not guaranteed future price destinations.
$85.12 Emerges as an Important Level for Large Positions
The post also identifies a notable large-position concentration. The account reports a $5 million position level around $85.12. That price sits approximately 7.6% below the reported spot level.
This concentration deserves attention because it falls within the map's downside liquidity region. A decline towards $85 could expose additional leveraged positions. Forced closures could then increase selling activity around that area.
The heatmap also shows several smaller liquidation clusters between $75 and $85. Further down, the $71 concentration represents the largest individual exposure. A move towards this level could trigger additional forced selling.
Above spot, green liquidation clusters appear around $98, $103 and $109. These areas represent potential short liquidations if SOL stages a recovery. Forced short closures could create additional buying demand during an upward move.
Daily Technical Indicators Continue to Favour Sellers
The daily chart provides further context for the liquidation data. SOL recently traded around $92.446, following a decline from approximately $122. Its price action remains confined within a descending channel established during October.
Source: Tradingview
The channel's upper boundary continues to restrict recovery attempts. Meanwhile, the lower trendline provides a reference for potential downside support. Recent candles show sellers maintaining control despite occasional attempts by buyers.
The Relative Strength Index currently reads 27.57. This places SOL below the commonly monitored oversold threshold of 30. Its signal average stands at 34.30, showing the extent of recent momentum weakness.
The MACD also remains firmly within negative territory. Its reading stands at -4.209, against a signal line of -3.363. The histogram reads -0.846, reflecting continued bearish momentum.
These indicators leave SOL facing two competing market scenarios. A breakdown could expose the $85 region and deeper liquidation clusters. Conversely, recovery above 98–100 could bring nearby short liquidations into focus. A stronger reversal would require a break above the descending channel.
For now, leveraged positioning and technical weakness point towards elevated market sensitivity. The $85.12 concentration deserves attention alongside the larger $71 liquidation cluster. Whether buyers defend current levels or sellers gain further ground remains unresolved. Price behaviour and changing leverage will provide the next useful signals.
Article
Circle Revenue Climbs 17% as USDC Supply Reaches $73.3BCircle’s reserve income fell 8% to $658 million, while other revenue surged 627% to $207 million, including $182 million from the ARC presale. Net income rose 5% to $226 million and adjusted EBITDA climbed 85% to $317 million, despite a 5% workforce reduction. Circle launched Arc public mainnet and agreed to acquire Tazapay, while expanding USDC payment integrations through Samsung Wallet and Visa Direct. Circle reported $865 million in third-quarter 2026 revenue and reserve income, up 17% year-over-year, as average USDC circulation reached $73.3 billion. The company also recorded $226 million in net income and $317 million in adjusted EBITDA. Its results covered the quarter alongside workforce reductions, Arc’s launch and a planned Tazapay acquisition. https://twitter.com/WuBlockchain/status/2117950568593555613?a=56_IjIyrR6eP0fE90XU&s=20 Circle Earnings Reflect Mixed Revenue Sources Circle’s reserve income reached $658 million, down 8% year-over-year, as its reserve return rate fell 61 basis points. Growth in average USDC circulation partly offset that decline. Meanwhile, other revenue rose 627% to $207 million, including $182 million from the ARC token presale. USDC onchain transaction volume reached $13.9 trillion, increasing 49% year-over-year. Distribution, transaction and other costs fell 8% to $412 million. However, operating expenses increased 16% to $245 million, while adjusted operating expenses rose 13% to $139 million. Net income from continuing operations increased 5% to $226 million. Adjusted EBITDA climbed 85% to $317 million, reflecting ARC presale revenue and lower distribution costs. Circle also reduced its workforce by approximately 5% during the quarter.  The company recorded $9.15 million in restructuring charges, mainly covering severance, notice-period compensation and employee benefits. Arc Launch and Tazapay Deal Expand Operations Circle launched Arc public mainnet on September 16, with 11 founding validators and more than 100 institutional and ecosystem builders. The company completed the genesis mint of 10 billion ARC tokens.  Its developer community includes 75,000 Arc House members, 10,000 Architect ambassadors and more than 1,200 projects. Circle also signed a definitive agreement to acquire Singapore-based Tazapay, with closing expected in 2027 pending regulatory approval.  Tazapay handles more than $25 billion in annualized payment volume, works with over 60 banking and fintech partners, and supports local payouts across 100-plus markets. Stablecoins account for about 60% of its transaction volume. Payments Partnerships and USDC Activity Grow Circle said CPN annualized transaction volume reached $41.3 billion, with year-over-year growth of 15.2 times. The network enrolled 205 financial institutions. Partnerships included Binance, which announced a $100 million equity investment, and Chelsea FC, which began displaying Circle and USDC branding on team shirts for 2026/27.  Samsung Wallet enabled eligible U.S. users to send USDC to bank accounts in over 60 countries. Visa Direct also moved USDC prefunding into commercial deployment across more than 180 countries. Circle additionally announced USDC and EURC integrations with SAP-backed Tereina, alongside partnerships with Allaria and Volante Technologies.

Circle Revenue Climbs 17% as USDC Supply Reaches $73.3B

Circle’s reserve income fell 8% to $658 million, while other revenue surged 627% to $207 million, including $182 million from the ARC presale.
Net income rose 5% to $226 million and adjusted EBITDA climbed 85% to $317 million, despite a 5% workforce reduction.
Circle launched Arc public mainnet and agreed to acquire Tazapay, while expanding USDC payment integrations through Samsung Wallet and Visa Direct.
Circle reported $865 million in third-quarter 2026 revenue and reserve income, up 17% year-over-year, as average USDC circulation reached $73.3 billion. The company also recorded $226 million in net income and $317 million in adjusted EBITDA. Its results covered the quarter alongside workforce reductions, Arc’s launch and a planned Tazapay acquisition.
https://twitter.com/WuBlockchain/status/2117950568593555613?a=56_IjIyrR6eP0fE90XU&s=20
Circle Earnings Reflect Mixed Revenue Sources
Circle’s reserve income reached $658 million, down 8% year-over-year, as its reserve return rate fell 61 basis points. Growth in average USDC circulation partly offset that decline. Meanwhile, other revenue rose 627% to $207 million, including $182 million from the ARC token presale.
USDC onchain transaction volume reached $13.9 trillion, increasing 49% year-over-year. Distribution, transaction and other costs fell 8% to $412 million. However, operating expenses increased 16% to $245 million, while adjusted operating expenses rose 13% to $139 million.
Net income from continuing operations increased 5% to $226 million. Adjusted EBITDA climbed 85% to $317 million, reflecting ARC presale revenue and lower distribution costs. Circle also reduced its workforce by approximately 5% during the quarter.
The company recorded $9.15 million in restructuring charges, mainly covering severance, notice-period compensation and employee benefits.
Arc Launch and Tazapay Deal Expand Operations
Circle launched Arc public mainnet on September 16, with 11 founding validators and more than 100 institutional and ecosystem builders. The company completed the genesis mint of 10 billion ARC tokens.
Its developer community includes 75,000 Arc House members, 10,000 Architect ambassadors and more than 1,200 projects. Circle also signed a definitive agreement to acquire Singapore-based Tazapay, with closing expected in 2027 pending regulatory approval.
Tazapay handles more than $25 billion in annualized payment volume, works with over 60 banking and fintech partners, and supports local payouts across 100-plus markets. Stablecoins account for about 60% of its transaction volume.
Payments Partnerships and USDC Activity Grow
Circle said CPN annualized transaction volume reached $41.3 billion, with year-over-year growth of 15.2 times. The network enrolled 205 financial institutions. Partnerships included Binance, which announced a $100 million equity investment, and Chelsea FC, which began displaying Circle and USDC branding on team shirts for 2026/27.
Samsung Wallet enabled eligible U.S. users to send USDC to bank accounts in over 60 countries. Visa Direct also moved USDC prefunding into commercial deployment across more than 180 countries.
Circle additionally announced USDC and EURC integrations with SAP-backed Tereina, alongside partnerships with Allaria and Volante Technologies.
Article
IPX Plans to Bring ‘minicoin’ Payments to LINE FRIENDS Online and Offline Stores, Expanding IP Ex...Seoul, South Korea, November 5th, 2026, Chainwire With phased rollout targeted for the first half of 2027, the service is expected to connect LINE FRIENDS’ online and offline commerce with the Web3 ecosystem, offering customers in Korea and abroad an additional payment option for purchasing physical products with minicoin Digital IP entertainment company IPX (formerly LINE FRIENDS) plans to introduce a payment service using ‘minicoin’ at LINE FRIENDS online and offline stores. The service is intended to make digital asset payments a seamless extension of the fan experience, linking fans’ engagement with character IP to the point of purchase and connecting IPX’s online and offline commerce with a Web3-based digital ecosystem. For more than a decade, IPX has brought its character IPs to life through products, content, and pop-ups, extending these experiences across online and offline channels worldwide. Building on its expertise in IP and retail, the introduction of this service presents a new digital IP commerce model that integrates digital asset payment technology into IP merchandise purchases. Minicoin is a utility coin developed and issued by Mini Labs under an official license granted by IPX to use its globally popular ‘minini’ character IP. Its blockchain-based ecosystem seeks to transparently record activities generated through interactions between IP and fans, including creation, consumption, and transactions, and link them to registration and settlement processes. The minicoin payment service is planned for phased rollout across LINE FRIENDS stores in Korea and abroad, with a rollout targeted for the first half of 2027. The service is expected to offer international visitors and overseas fans additional payment options. K-POP SQUARE, which opened in the heart of Seoul’s Hongdae district in June 2025, welcomed over one million visitors in its first year, approximately 80% of whom were international fans from more than 90 countries. As digital assets gain traction as payment methods worldwide, the service is expected to see strong demand. “This service rollout marks an important step toward using digital assets to purchase physical merchandise, beyond trading and use within specific platforms,” said an IPX official. “We believe that the value of IP can grow further as it expands beyond connecting with fans through content and products to finding new ways to engage with them across the digital IP ecosystem. We will continue to explore new IP business opportunities that connect IP, fans, and commerce together in this evolving landscape.”  About IPX (F.K.A. LINE FRIENDS) IPX is the new corporate name of LINE FRIENDS, a global character brand that started with original characters including BROWN, CONY, and SALLY, created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. IPX has announced a new business strategy that it would accelerate the global expansion of its IP businesses by diversifying its IP portfolios targeting all ages and advancing its digital and retail business. IPX provides diverse IP experiences including BT21(BTS), ZO&FRIENDS(G-DRAGON), minini, and JOGUMAN. It has also carried out its IP-based business by partnering with global companies including Netflix (original animated series) and HoYoverse (Genshin Impact) to win the hearts of over 50 million Millennials and Generation Z worldwide. IPX currently operates in 18 markets worldwide, including Seoul, New York, LA, Tokyo, and Shanghai, and operates on 8 online sales platforms. ContactsManager Jiwoo Hong Burson jiwoo.hong@bursonglobal.com Sr. Director Hanna Park Burson hanna.park@bursonglobal.com

IPX Plans to Bring ‘minicoin’ Payments to LINE FRIENDS Online and Offline Stores, Expanding IP Ex...

Seoul, South Korea, November 5th, 2026, Chainwire
With phased rollout targeted for the first half of 2027, the service is expected to connect LINE FRIENDS’ online and offline commerce with the Web3 ecosystem, offering customers in Korea and abroad an additional payment option for purchasing physical products with minicoin
Digital IP entertainment company IPX (formerly LINE FRIENDS) plans to introduce a payment service using ‘minicoin’ at LINE FRIENDS online and offline stores. The service is intended to make digital asset payments a seamless extension of the fan experience, linking fans’ engagement with character IP to the point of purchase and connecting IPX’s online and offline commerce with a Web3-based digital ecosystem.
For more than a decade, IPX has brought its character IPs to life through products, content, and pop-ups, extending these experiences across online and offline channels worldwide. Building on its expertise in IP and retail, the introduction of this service presents a new digital IP commerce model that integrates digital asset payment technology into IP merchandise purchases.
Minicoin is a utility coin developed and issued by Mini Labs under an official license granted by IPX to use its globally popular ‘minini’ character IP. Its blockchain-based ecosystem seeks to transparently record activities generated through interactions between IP and fans, including creation, consumption, and transactions, and link them to registration and settlement processes.
The minicoin payment service is planned for phased rollout across LINE FRIENDS stores in Korea and abroad, with a rollout targeted for the first half of 2027. The service is expected to offer international visitors and overseas fans additional payment options. K-POP SQUARE, which opened in the heart of Seoul’s Hongdae district in June 2025, welcomed over one million visitors in its first year, approximately 80% of whom were international fans from more than 90 countries. As digital assets gain traction as payment methods worldwide, the service is expected to see strong demand.
“This service rollout marks an important step toward using digital assets to purchase physical merchandise, beyond trading and use within specific platforms,” said an IPX official. “We believe that the value of IP can grow further as it expands beyond connecting with fans through content and products to finding new ways to engage with them across the digital IP ecosystem. We will continue to explore new IP business opportunities that connect IP, fans, and commerce together in this evolving landscape.”
About IPX (F.K.A. LINE FRIENDS)
IPX is the new corporate name of LINE FRIENDS, a global character brand that started with original characters including BROWN, CONY, and SALLY, created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. IPX has announced a new business strategy that it would accelerate the global expansion of its IP businesses by diversifying its IP portfolios targeting all ages and advancing its digital and retail business. IPX provides diverse IP experiences including BT21(BTS), ZO&FRIENDS(G-DRAGON), minini, and JOGUMAN. It has also carried out its IP-based business by partnering with global companies including Netflix (original animated series) and HoYoverse (Genshin Impact) to win the hearts of over 50 million Millennials and Generation Z worldwide. IPX currently operates in 18 markets worldwide, including Seoul, New York, LA, Tokyo, and Shanghai, and operates on 8 online sales platforms.
ContactsManager
Jiwoo Hong
Burson
jiwoo.hong@bursonglobal.com
Sr. Director
Hanna Park
Burson
hanna.park@bursonglobal.com
Article
Three Altcoins Flash Buy Signals as TOTAL3 Market RecoversAnalyst identifies buy signals for SUI, AAVE and LINK, with upside targets of $1.11, $146 and $12.71, respectively. TOTAL3 gained 0.09% to $753.89 billion after falling from about $840 billion in October; $760 billion is immediate resistance. TOTAL3’s RSI climbed to 56.19 and MACD turned bullish, but a break below $740 billion could expose support near $730 billion. Three altcoins have recorded fresh buy signals on their three-day charts as the wider market attempts to recover from its October decline. Analyst Ali Charts identified Sui, Aave and Chainlink as rebound candidates, while TOTAL3 reached $753.89 billion. However, each token faces resistance levels that must be cleared during the latest market update. Ali Charts Identifies Three Altcoin Buy Signals According to Ali Charts, Sui is showing a TD Sequential buy signal on the three-day chart. The analyst identified $0.90 as immediate resistance. A break above it could put $1.11 in view, followed by the setup resistance trendline near $1.20. https://twitter.com/alicharts/status/2117896915035795885?a=rxC-9IMZ_NcHcniFzgg&s=20 Aave has also produced a three-day TD Sequential buy signal. Ali Charts said stronger buying pressure could support a rebound toward $146. A move above that level could bring the setup resistance trendline near $176 into focus. Chainlink completes the group with its own three-day buy signal. The analyst highlighted $11.30 as LINK’s key resistance. A break above it could open a path toward $12.71, followed by the setup resistance trendline around $14. Ali Charts said prices must confirm the signals for all three assets. TOTAL3 Rebounds From Early November Lows The altcoin market capitalization has also begun recovering. TOTAL3, which excludes Bitcoin and Ethereum, stood at $753.89 billion on the latest four-hour candle. It gained approximately $684.77 million, or 0.09%. Source: TradingView The candle opened at $753.2 billion, reached $754.07 billion and recorded a low of $753.2 billion. Trading volume stood at $118.41 billion. However, TOTAL3 fell from roughly $840 billion in early October toward $735 billion in early November. The $740 billion area represents immediate support, while $760 billion is the first major resistance. A break above $760 billion could expose $780 billion and then $800 billion. Conversely, losing $740 billion could bring $730 billion into view. RSI and MACD Readings Improve The Relative Strength Index stood at 56.19, above its signal average of 48.21. It has moved above the neutral 50 level but remains below overbought territory. The Moving Average Convergence Divergence indicator has also turned bullish. Its histogram reached approximately $2 billion, while the MACD line stood at $1.03 billion. The signal line remained at negative $974.86 million.

Three Altcoins Flash Buy Signals as TOTAL3 Market Recovers

Analyst identifies buy signals for SUI, AAVE and LINK, with upside targets of $1.11, $146 and $12.71, respectively.
TOTAL3 gained 0.09% to $753.89 billion after falling from about $840 billion in October; $760 billion is immediate resistance.
TOTAL3’s RSI climbed to 56.19 and MACD turned bullish, but a break below $740 billion could expose support near $730 billion.
Three altcoins have recorded fresh buy signals on their three-day charts as the wider market attempts to recover from its October decline. Analyst Ali Charts identified Sui, Aave and Chainlink as rebound candidates, while TOTAL3 reached $753.89 billion. However, each token faces resistance levels that must be cleared during the latest market update.
Ali Charts Identifies Three Altcoin Buy Signals
According to Ali Charts, Sui is showing a TD Sequential buy signal on the three-day chart. The analyst identified $0.90 as immediate resistance. A break above it could put $1.11 in view, followed by the setup resistance trendline near $1.20.
https://twitter.com/alicharts/status/2117896915035795885?a=rxC-9IMZ_NcHcniFzgg&s=20
Aave has also produced a three-day TD Sequential buy signal. Ali Charts said stronger buying pressure could support a rebound toward $146. A move above that level could bring the setup resistance trendline near $176 into focus.
Chainlink completes the group with its own three-day buy signal. The analyst highlighted $11.30 as LINK’s key resistance. A break above it could open a path toward $12.71, followed by the setup resistance trendline around $14. Ali Charts said prices must confirm the signals for all three assets.
TOTAL3 Rebounds From Early November Lows
The altcoin market capitalization has also begun recovering. TOTAL3, which excludes Bitcoin and Ethereum, stood at $753.89 billion on the latest four-hour candle. It gained approximately $684.77 million, or 0.09%.
Source: TradingView
The candle opened at $753.2 billion, reached $754.07 billion and recorded a low of $753.2 billion. Trading volume stood at $118.41 billion. However, TOTAL3 fell from roughly $840 billion in early October toward $735 billion in early November.
The $740 billion area represents immediate support, while $760 billion is the first major resistance. A break above $760 billion could expose $780 billion and then $800 billion. Conversely, losing $740 billion could bring $730 billion into view.
RSI and MACD Readings Improve
The Relative Strength Index stood at 56.19, above its signal average of 48.21. It has moved above the neutral 50 level but remains below overbought territory.
The Moving Average Convergence Divergence indicator has also turned bullish. Its histogram reached approximately $2 billion, while the MACD line stood at $1.03 billion. The signal line remained at negative $974.86 million.
Article
House Democrats Weigh New Crypto Bill (CLARITY Act) With Expanded SEC OversightThe proposal could revive Waters’ protections, including customer fund segregation, 24-hour withdrawals and monthly proof-of-reserves reports. Democrats are considering a larger SEC role and more limited CFTC authority, reversing the House-passed CLARITY Act’s approach. The bill remains under discussion for the next Congress in January 2027, with no finalized draft, agreement or legislative timetable. House Democrats are discussing a broader crypto market structure bill that could expand SEC oversight and revive rejected investor protections. The proposal would build on Maxine Waters’ 2025 Crypto Investor and Consumer Bill of Rights amendment. Journalist Eleanor Terrett reported that discussions involve provisions from earlier House and Senate negotiations. Democrats Seek to Expand Waters’ Crypto Protections According to Terrett, three industry sources familiar with discussions involving Democratic staffers described the proposal. Lawmakers have not introduced a new bill. Waters proposed her investor protections during the House debate over the CLARITY Act in 2025.  Her amendment included customer fund segregation, 24-hour withdrawal processing, and monthly proof-of-reserves reports from auditors. It also sought protection against front-running and round-the-clock customer support. However, the House did not adopt those provisions. The broader proposal could also incorporate measures Senate Democrats negotiated with Republicans before September’s failed cloture vote. The legislation needed 60 votes to advance toward debate. Proposal Could Shift SEC and CFTC Responsibilities The discussions include giving the Securities and Exchange Commission a larger role in crypto market supervision. Meanwhile, the Commodity Futures Trading Commission could receive more limited authority. That approach differs from the House-passed CLARITY Act, which assigned the CFTC primary jurisdiction over digital commodities and intermediaries. Democrats are also considering additional ethics restrictions involving President Donald Trump and other federal officials.  Waters previously proposed the Stop TRUMP in Crypto Act, which sought limits on certain digital-asset transactions involving lawmakers and relatives. Republicans have reportedly dismissed the latest effort as a “messaging bill.” No complete draft or finalized agreement on oversight and ethics provisions has emerged. Next Congress Faces Renewed Crypto Legislation Debate The discussions concern legislation for the next Congress, beginning in January 2027. The supplied report also identifies November 3 election victories as part of the political backdrop. Ripple CEO Brad Garlinghouse said pro-crypto candidates won across both parties. He called for clear rules developed in the United States. Ripple Chief Legal Officer Stuart Alderoty also urged bipartisan cooperation on digital-asset regulation. However, lawmakers have not announced a timetable for the proposed bill. The CLARITY Act also lacks a scheduled Senate vote.

House Democrats Weigh New Crypto Bill (CLARITY Act) With Expanded SEC Oversight

The proposal could revive Waters’ protections, including customer fund segregation, 24-hour withdrawals and monthly proof-of-reserves reports.
Democrats are considering a larger SEC role and more limited CFTC authority, reversing the House-passed CLARITY Act’s approach.
The bill remains under discussion for the next Congress in January 2027, with no finalized draft, agreement or legislative timetable.
House Democrats are discussing a broader crypto market structure bill that could expand SEC oversight and revive rejected investor protections. The proposal would build on Maxine Waters’ 2025 Crypto Investor and Consumer Bill of Rights amendment. Journalist Eleanor Terrett reported that discussions involve provisions from earlier House and Senate negotiations.
Democrats Seek to Expand Waters’ Crypto Protections
According to Terrett, three industry sources familiar with discussions involving Democratic staffers described the proposal. Lawmakers have not introduced a new bill. Waters proposed her investor protections during the House debate over the CLARITY Act in 2025.
Her amendment included customer fund segregation, 24-hour withdrawal processing, and monthly proof-of-reserves reports from auditors. It also sought protection against front-running and round-the-clock customer support. However, the House did not adopt those provisions.
The broader proposal could also incorporate measures Senate Democrats negotiated with Republicans before September’s failed cloture vote. The legislation needed 60 votes to advance toward debate.
Proposal Could Shift SEC and CFTC Responsibilities
The discussions include giving the Securities and Exchange Commission a larger role in crypto market supervision. Meanwhile, the Commodity Futures Trading Commission could receive more limited authority.
That approach differs from the House-passed CLARITY Act, which assigned the CFTC primary jurisdiction over digital commodities and intermediaries. Democrats are also considering additional ethics restrictions involving President Donald Trump and other federal officials.
Waters previously proposed the Stop TRUMP in Crypto Act, which sought limits on certain digital-asset transactions involving lawmakers and relatives. Republicans have reportedly dismissed the latest effort as a “messaging bill.” No complete draft or finalized agreement on oversight and ethics provisions has emerged.
Next Congress Faces Renewed Crypto Legislation Debate
The discussions concern legislation for the next Congress, beginning in January 2027. The supplied report also identifies November 3 election victories as part of the political backdrop. Ripple CEO Brad Garlinghouse said pro-crypto candidates won across both parties. He called for clear rules developed in the United States.
Ripple Chief Legal Officer Stuart Alderoty also urged bipartisan cooperation on digital-asset regulation. However, lawmakers have not announced a timetable for the proposed bill. The CLARITY Act also lacks a scheduled Senate vote.
Article
Bitcoin Holds $80K as Traders Test Key Cost-Basis Levels, Says CryptoQuantGlassnode reports trading volume remains above its August low, while short-term holders transferred 28,690 BTC in profit to exchanges within 24 hours. Bitcoin is testing Darkfost's $80,800 volume-weighted realized price, a key break-even level for invested capital. CryptoQuant warns that holding above the Trader Realized Price could support recovery, while a failed reclaim may turn the level into resistance and expose BTC to further downside. Bitcoin is holding above $80,000 despite fresh profit-taking by short-term holders following its recent rally. Glassnode says trading volume remains above its August low, even after the latest market pullback. Meanwhile, Darkfost, Doctor Profit, and CryptoQuant are monitoring key cost-basis levels that could determine whether recent buyers defend their positions. Trading Activity Holds Above August's Low Glassnode said Bitcoin trading volume had fallen to its lowest level since 2023 before a spike in August. However, volume has remained above that low despite BTC's recent pullback. The data points to continued trading interest after months of limited activity. Darkfost reported that short-term holders sent 28,690 BTC in profit to exchanges over 24 hours. The transfers came as Bitcoin rallied above $80,000. Despite the selling, BTC closed the day above $80,000 and its 21-day and 50-day exponential moving averages. https://twitter.com/Darkfost_Coc/status/2118236266835661192?a=AMABAKW7EaKD0sd2Y6c&s=20 Bitcoin Tests Two Important Cost-Basis Levels Darkfost also placed Bitcoin's volume-weighted realized price near $80,800. This measure weights acquired supply by its dollar volume and estimates the average break-even price of invested capital. Bitcoin is now trading near that level, where holders' positions move between unrealized profit and loss. https://twitter.com/Darkfost_Coc/status/2118085438745256399?a=618uO-FeSxHVWlmvJlY&s=20 CryptoQuant separately said BTC is testing the Trader Realized Price. The metric tracks the average acquisition price of coins last moved between one and three months ago. CryptoQuant said the level can act as support when price holds above it. If BTC falls below and fails to reclaim it, recent buyers could move into losses, turning the level into resistance. https://twitter.com/cryptoquant_com/status/2117903607433478375?a=xJpbVOz21rKThnibdGo&s=20 Analysts Watch for a Stronger Reclaim Doctor Profit identified “Level 2” as the next area to watch after panic selling linked to a hack. The analyst said a break followed by a reclaim, confirmed by daily closes above the level, would suggest buyers had absorbed the selling and were regaining control. A brief touch alone would not meet that condition. Source: Doctor Profit CryptoQuant likewise said the market's reaction to the Trader Realized Price matters more than treating it as a guaranteed bottom. A sustained hold could show recent participants' cost basis remains support. A failed reclaim could instead expose Bitcoin to further downside pressure.

Bitcoin Holds $80K as Traders Test Key Cost-Basis Levels, Says CryptoQuant

Glassnode reports trading volume remains above its August low, while short-term holders transferred 28,690 BTC in profit to exchanges within 24 hours.
Bitcoin is testing Darkfost's $80,800 volume-weighted realized price, a key break-even level for invested capital.
CryptoQuant warns that holding above the Trader Realized Price could support recovery, while a failed reclaim may turn the level into resistance and expose BTC to further downside.
Bitcoin is holding above $80,000 despite fresh profit-taking by short-term holders following its recent rally. Glassnode says trading volume remains above its August low, even after the latest market pullback. Meanwhile, Darkfost, Doctor Profit, and CryptoQuant are monitoring key cost-basis levels that could determine whether recent buyers defend their positions.
Trading Activity Holds Above August's Low
Glassnode said Bitcoin trading volume had fallen to its lowest level since 2023 before a spike in August. However, volume has remained above that low despite BTC's recent pullback. The data points to continued trading interest after months of limited activity.
Darkfost reported that short-term holders sent 28,690 BTC in profit to exchanges over 24 hours. The transfers came as Bitcoin rallied above $80,000. Despite the selling, BTC closed the day above $80,000 and its 21-day and 50-day exponential moving averages.
https://twitter.com/Darkfost_Coc/status/2118236266835661192?a=AMABAKW7EaKD0sd2Y6c&s=20
Bitcoin Tests Two Important Cost-Basis Levels
Darkfost also placed Bitcoin's volume-weighted realized price near $80,800. This measure weights acquired supply by its dollar volume and estimates the average break-even price of invested capital. Bitcoin is now trading near that level, where holders' positions move between unrealized profit and loss.
https://twitter.com/Darkfost_Coc/status/2118085438745256399?a=618uO-FeSxHVWlmvJlY&s=20
CryptoQuant separately said BTC is testing the Trader Realized Price. The metric tracks the average acquisition price of coins last moved between one and three months ago. CryptoQuant said the level can act as support when price holds above it. If BTC falls below and fails to reclaim it, recent buyers could move into losses, turning the level into resistance.
https://twitter.com/cryptoquant_com/status/2117903607433478375?a=xJpbVOz21rKThnibdGo&s=20
Analysts Watch for a Stronger Reclaim
Doctor Profit identified “Level 2” as the next area to watch after panic selling linked to a hack. The analyst said a break followed by a reclaim, confirmed by daily closes above the level, would suggest buyers had absorbed the selling and were regaining control. A brief touch alone would not meet that condition.
Source: Doctor Profit
CryptoQuant likewise said the market's reaction to the Trader Realized Price matters more than treating it as a guaranteed bottom. A sustained hold could show recent participants' cost basis remains support. A failed reclaim could instead expose Bitcoin to further downside pressure.
Article
Stellar Tokenization Grows as U.S. Bank Tests USBDCStellar’s tokenized private equity market grew 57.05% in 30 days, reaching $26.9 million, according to figures shared by X Finance Bull. Active strategies and U.S. Treasury debt account for nearly 70% of Stellar’s reported real-world asset value. U.S. Bank completed a live USBDC payment pilot on Stellar, testing cross-border transfers and essential stablecoin controls. Stellar tokenization is gaining ground as private equity expands and major institutions test blockchain payments. U.S. Bank has completed a live stablecoin pilot using the network. Private Equity Records the Fastest Growth X Finance Bull shared figures showing stronger activity across Stellar’s tokenized asset market. Private equity recorded 57.05% growth over 30 days, reaching $26.9 million. That was the fastest increase among the asset categories shown. https://twitter.com/Xfinancebull/status/2116998966923465215?a=lsuy7Q5vLhP75PkQMEo&s=20 However, private equity remains relatively small beside Stellar’s larger tokenized markets. Active strategies hold approximately $1.7 billion, representing 38.41% of the reported market value. Their 30-day growth reached 21.60%, according to the supplied figures. U.S. Treasury debt follows with approximately $1.4 billion in tokenized assets. The category gained 13.80% during the same 30-day period. Its reported market share stands at 31.39%, placing it behind active strategies. Together, active strategies and Treasury debt account for nearly 70% of reported value. This concentration shows where most of Stellar’s tokenized asset activity currently sits. Private equity is growing faster, but its contribution remains comparatively modest. Other Asset Categories Show Mixed Results Corporate credit holds approximately $516.8 million across four reported products. Its value changed by just 0.01% over the measured period. Non-U.S. government debt, meanwhile, declined 8.81% to $262.3 million. Real estate recorded no change, retaining a reported value of $71.7 million. Stocks fell 3.54% to $27.3 million during the same period. Commodities fell 6.22% and diversified credit lost 0.22%. Specialty finance was up 1.00% over 30 days to $4.5 million. Private equity and active strategies therefore lead the reported growth figures. Several other categories have yet to show comparable expansion. The figures present a market with clear differences between asset classes. Larger investment products carry most of the value, while smaller segments fluctuate. Sustained growth across additional categories would provide a wider measure of adoption. U.S. Bank Completes USBDC Pilot on Stellar U.S. Bank announced its successful live pilot transaction on September 9, 2026. The payment used USBDC, the bank’s proprietary dollar-backed stablecoin. It transferred value between the bank’s North American and European entities. The transaction took place on Stellar’s public blockchain. U.S. Bank tested minting, payment, redemption, freezing and clawback functions. These controls allow the bank to manage its stablecoin throughout its lifecycle. The pilot also tested U.S. Bank’s internally developed Digital Asset Platform. That platform links the blockchain with current finance, risk, compliance and operations systems. The integration allows the bank to remain in the same control on chain transfers. U.S. Bank CEO Gunjan Kedia described the transaction as a step forward. The bank is examining ways to improve global cash management and money movement. Its work with Stellar also builds on an existing strategic relationship. Future applications under review include liquidity management and collateral mobility. The bank is also examining cross-border treasury operations and related institutional services. However, the announcement describes a pilot, not a public stablecoin rollout. For Stellar, the transaction provides a working example of institutional payment infrastructure. Meanwhile, the RWA figures show substantial value concentrated in tokenized investment products. Neither development automatically guarantees higher demand for XLM. Further adoption will depend on commercial deployment, transaction activity and actual network usage.

Stellar Tokenization Grows as U.S. Bank Tests USBDC

Stellar’s tokenized private equity market grew 57.05% in 30 days, reaching $26.9 million, according to figures shared by X Finance Bull.
Active strategies and U.S. Treasury debt account for nearly 70% of Stellar’s reported real-world asset value.
U.S. Bank completed a live USBDC payment pilot on Stellar, testing cross-border transfers and essential stablecoin controls.
Stellar tokenization is gaining ground as private equity expands and major institutions test blockchain payments. U.S. Bank has completed a live stablecoin pilot using the network.
Private Equity Records the Fastest Growth
X Finance Bull shared figures showing stronger activity across Stellar’s tokenized asset market. Private equity recorded 57.05% growth over 30 days, reaching $26.9 million. That was the fastest increase among the asset categories shown.
https://twitter.com/Xfinancebull/status/2116998966923465215?a=lsuy7Q5vLhP75PkQMEo&s=20
However, private equity remains relatively small beside Stellar’s larger tokenized markets. Active strategies hold approximately $1.7 billion, representing 38.41% of the reported market value. Their 30-day growth reached 21.60%, according to the supplied figures.
U.S. Treasury debt follows with approximately $1.4 billion in tokenized assets. The category gained 13.80% during the same 30-day period. Its reported market share stands at 31.39%, placing it behind active strategies.
Together, active strategies and Treasury debt account for nearly 70% of reported value. This concentration shows where most of Stellar’s tokenized asset activity currently sits. Private equity is growing faster, but its contribution remains comparatively modest.
Other Asset Categories Show Mixed Results
Corporate credit holds approximately $516.8 million across four reported products. Its value changed by just 0.01% over the measured period. Non-U.S. government debt, meanwhile, declined 8.81% to $262.3 million.
Real estate recorded no change, retaining a reported value of $71.7 million. Stocks fell 3.54% to $27.3 million during the same period. Commodities fell 6.22% and diversified credit lost 0.22%.
Specialty finance was up 1.00% over 30 days to $4.5 million. Private equity and active strategies therefore lead the reported growth figures. Several other categories have yet to show comparable expansion.
The figures present a market with clear differences between asset classes. Larger investment products carry most of the value, while smaller segments fluctuate. Sustained growth across additional categories would provide a wider measure of adoption.
U.S. Bank Completes USBDC Pilot on Stellar
U.S. Bank announced its successful live pilot transaction on September 9, 2026. The payment used USBDC, the bank’s proprietary dollar-backed stablecoin. It transferred value between the bank’s North American and European entities.
The transaction took place on Stellar’s public blockchain. U.S. Bank tested minting, payment, redemption, freezing and clawback functions. These controls allow the bank to manage its stablecoin throughout its lifecycle.
The pilot also tested U.S. Bank’s internally developed Digital Asset Platform. That platform links the blockchain with current finance, risk, compliance and operations systems. The integration allows the bank to remain in the same control on chain transfers.
U.S. Bank CEO Gunjan Kedia described the transaction as a step forward. The bank is examining ways to improve global cash management and money movement. Its work with Stellar also builds on an existing strategic relationship.
Future applications under review include liquidity management and collateral mobility. The bank is also examining cross-border treasury operations and related institutional services. However, the announcement describes a pilot, not a public stablecoin rollout.
For Stellar, the transaction provides a working example of institutional payment infrastructure. Meanwhile, the RWA figures show substantial value concentrated in tokenized investment products. Neither development automatically guarantees higher demand for XLM. Further adoption will depend on commercial deployment, transaction activity and actual network usage.
Article
Justin Sun Seeks Sanctions Over World Liberty’s UAE TiesJustin Sun is seeking sanctions over World Liberty Financial's alleged failure to disclose its UAE citizenship in an initial court filing. World Liberty amended its ownership disclosure after an August hearing, identifying 22 members across Florida, Delaware, Puerto Rico and the UAE. Sun plans to refile his lawsuit in California state court after the sanctions motion is resolved, following the dispute over frozen $45 million WLFI tokens. Tron founder Justin Sun is seeking sanctions against Trump-linked World Liberty Financial and its lawyers, accusing them of hiding the company’s United Arab Emirates citizenship from a California federal court. Sun announced the motion on November 3, months into his lawsuit over frozen WLFI tokens. Sun Challenges World Liberty’s Disclosure Sun said he agreed to buy $30 million in WLFI tokens in November 2024, later raising his investment to $45 million. He described himself as one of World Liberty’s earliest and largest investors. In April, Sun sued the company, alleging fraud and the unlawful freezing of his tokens. His purchase agreement allowed claims in California state or federal court, and he chose federal court. Sun said federal diversity rules require parties to have different citizenship.  A company takes on the citizenship of its owners for this purpose. World Liberty’s initial disclosure listed only itself and Florida as its sole citizenship. Its lawyers certified they knew of no other owners requiring disclosure, Sun said. UAE Ownership Appeared After August Hearing World Liberty sought private arbitration, but Sun opposed the request. He said his lawyers spent months and hundreds of thousands of dollars fighting it. At an August hearing, the court ruled that some claims should remain in open court and others go to arbitration. Less than a week later, World Liberty amended its disclosure, identifying 22 members in its ownership chain. The revised filing listed Florida, Delaware, Puerto Rico, and the UAE, according to Sun. World Liberty now argues that the federal court lacks jurisdiction because both sides include foreign parties. Sun Plans to Refile in California Sun said World Liberty’s lawyers claimed they learned about the UAE citizenship only after filing the original disclosure. He argued that either they failed to check properly or the company gave them incomplete information. He said World Liberty refused to explain the omission. His motion seeks sanctions against the company and its lawyers over what he calls a misleading court filing. Sun cited World Liberty’s public description of itself as an American, tax-paying corporation that was not organized offshore. World Liberty countersued Sun in May, calling his claims a “meritless PR stunt.” The company previously defended freezing his tokens and could not be reached for comment on the latest allegations. Sun said he will refile in California state court after the sanctions motion is resolved.

Justin Sun Seeks Sanctions Over World Liberty’s UAE Ties

Justin Sun is seeking sanctions over World Liberty Financial's alleged failure to disclose its UAE citizenship in an initial court filing.
World Liberty amended its ownership disclosure after an August hearing, identifying 22 members across Florida, Delaware, Puerto Rico and the UAE.
Sun plans to refile his lawsuit in California state court after the sanctions motion is resolved, following the dispute over frozen $45 million WLFI tokens.
Tron founder Justin Sun is seeking sanctions against Trump-linked World Liberty Financial and its lawyers, accusing them of hiding the company’s United Arab Emirates citizenship from a California federal court. Sun announced the motion on November 3, months into his lawsuit over frozen WLFI tokens.
Sun Challenges World Liberty’s Disclosure
Sun said he agreed to buy $30 million in WLFI tokens in November 2024, later raising his investment to $45 million. He described himself as one of World Liberty’s earliest and largest investors.
In April, Sun sued the company, alleging fraud and the unlawful freezing of his tokens. His purchase agreement allowed claims in California state or federal court, and he chose federal court. Sun said federal diversity rules require parties to have different citizenship.
A company takes on the citizenship of its owners for this purpose. World Liberty’s initial disclosure listed only itself and Florida as its sole citizenship. Its lawyers certified they knew of no other owners requiring disclosure, Sun said.
UAE Ownership Appeared After August Hearing
World Liberty sought private arbitration, but Sun opposed the request. He said his lawyers spent months and hundreds of thousands of dollars fighting it.
At an August hearing, the court ruled that some claims should remain in open court and others go to arbitration. Less than a week later, World Liberty amended its disclosure, identifying 22 members in its ownership chain.
The revised filing listed Florida, Delaware, Puerto Rico, and the UAE, according to Sun. World Liberty now argues that the federal court lacks jurisdiction because both sides include foreign parties.
Sun Plans to Refile in California
Sun said World Liberty’s lawyers claimed they learned about the UAE citizenship only after filing the original disclosure. He argued that either they failed to check properly or the company gave them incomplete information. He said World Liberty refused to explain the omission.
His motion seeks sanctions against the company and its lawyers over what he calls a misleading court filing. Sun cited World Liberty’s public description of itself as an American, tax-paying corporation that was not organized offshore.
World Liberty countersued Sun in May, calling his claims a “meritless PR stunt.” The company previously defended freezing his tokens and could not be reached for comment on the latest allegations. Sun said he will refile in California state court after the sanctions motion is resolved.
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