CryptoPotato

80% of XAO DAO’s XRP Treasury Set for Firelight Deployment

🚀 XAO DAO has successfully passed proposal 66, allowing the deployment of 80% of its XRP treasury into Firelight, a DeFi protocol focused on decentralized insurance and yield generation.

💰 This move aims to generate returns for DAO members while enhancing capital for decentralized finance protection services, marking a pioneering multichain DeFi strategy.

🗳️ The DAO is also implementing governance changes to boost community participation, including wallet delegation and updates to the governance app, addressing concerns about inactive wallets affecting decision-making.

Japan Considers Stablecoin Tax Refunds for Foreign Tourists

🇯🇵 Japan's transport minister proposed using stablecoins for tax refunds to foreign tourists, addressing a new tax payment model starting November 1.

💰 Tourists will pay consumption tax upfront and receive refunds after customs verification, with yen-backed stablecoins potentially streamlining this process.

🔍 While the idea is still under consideration, concerns about wallet security, identity checks, and anti-money laundering regulations remain unresolved.

XRP Ledger’s Latest Fix Pushed to November After Voting Setback

🔧 The XRP Ledger's bug fix amendment, fixCleanup3_4_0, has been delayed to November after validator support briefly dropped below the required threshold just before its planned launch.

⏳ Support for the amendment fell to 26 validators, resetting the approval process, but has since recovered to 31, with a new activation date set for November 4.

📈 The XRPL 3.4.0 server release introduces major updates, including the LendingProtocolV1_1 amendment, which features closed-ended vaults and cash-basis accounting for the native lending system.

MemeCore (M) Flips Pepe (PEPE) After Pumping 25% in a Day: Details

🚀 **MemeCoin Resilience:** Despite a market-wide downturn affecting major meme coins like Dogecoin and Shiba Inu, MemeCore (M) surged 25%, hitting a 10-day high and surpassing a $2 billion market cap.

🐸 **M Beats PEPE:** MemeCore's price exceeded $0.95, overtaking PEPE, and positioning itself as the fourth-largest meme coin, although it has since retraced to $0.91.

⚠️ **Caution Advised:** While bullish momentum suggests potential further gains, investors should remain cautious due to the speculative nature of the token and its recent RSI indicating a possible short-term correction.

Bitcoin Profitability Nears 2022 Lows as BTC Price Slumps Below $82K: Analyst

📉 Bitcoin's long-term profitability indicator has dropped to 13.6, nearing levels from November 2022 when BTC was around $16,000, despite its current price exceeding $82,000.

🐋 New large holders, or "whales," have a thinner profit cushion compared to Binance deposit addresses, with average cost bases significantly impacting their profitability.

📈 Bitcoin's supply in profit has increased during Q3 2026, marking a positive shift after a prolonged downtrend, with supply rising from 9 million BTC to over 14 million.

Ethereum Price Prediction: Is $2K Next After ETH’s Latest $2.5K Rejection?

🔻 Ethereum's price has sharply declined to around $2.4K after a failed recovery attempt, with bearish trends dominating the market outlook.

📉 A daily close below $2.36K could signal further declines, potentially targeting the $2.2K–$2.27K range, while reclaiming $2.44K would be necessary for a bullish reversal.

💔 A significant liquidation cluster exists around $2.15K–$2.2K, which could exacerbate selling pressure if Ethereum falls below key support levels.

Will Ethereum (ETH) Rally or Crash After the US Midterms: 3 AIs Weigh in

🔍 The cryptocurrency market is closely watching the upcoming US midterm elections on November 3, with analysts noting potential historical impacts on Bitcoin's price and uncertainty surrounding Ethereum's performance.

📉 ChatGPT predicts Ethereum may initially drop sharply post-election but could recover, with a Republican win potentially leading to a bullish reaction, while a Democratic win poses short-term risks.

🚀 In contrast, Google's Gemini is optimistic, forecasting a price surge for Ethereum, potentially reaching $3,200 shortly after the elections and aiming for new all-time highs of $5,200 to $6,000+ within 12 to 18 months.

Monero (XMR) Soars 20% Weekly: Can It Repeat ZEC’s Explosion?

🚀 Monero (XMR) has surged to nearly $650, marking a 20% weekly increase and reaching its highest price since January, with analysts predicting potential new all-time highs.

🔧 The recent rally is attributed to the release of Monero's GUI v0.18.5.4 upgrade, which includes wallet improvements and bug fixes, boosting investor confidence.

⚠️ Despite the bullish sentiment, caution is advised as XMR's exchange netflow indicates increased selling pressure, and its RSI is nearing overbought levels, suggesting a possible correction ahead.

Love every day of it!

BTC, HYPE, and ZEC Ready for a Rebound? Analyst Explains Why

🚀 The cryptocurrency market experienced a brief rebound before sellers took control, affecting major assets like Bitcoin (BTC), Hyperliquid (HYPE), and Zcash (ZEC), which all fell into the red.

📈 Analysts indicate a potential recovery for BTC, with a buy signal emerging after a recent sell signal, suggesting it could bounce back towards $83,500 and $85,000 if support at $81,500 holds.

💰 Institutional demand is on the rise, with spot BTC ETFs seeing nearly $530 million in inflows over the past 24 hours, indicating renewed interest from conservative investors.

Important Ripple News and XRP Price Update: October 22

🚀 Ripple supports the SEC's proposed Regulation Crypto Assets framework, advocating for clear legislation and emphasizing that investment contracts should determine asset security status.

🏦 Ripple expands its institutional presence with 24/7 RWA perpetual swaps via Ripple Prime and partners with Cross River Bank to integrate its stablecoin, RLUSD, into the banking platform.

📉 XRP faced a price rejection after a brief surge, currently sitting at $1.33, while XRP ETFs experienced minor outflows, signaling a cooling institutional appetite amidst market stagnation.

Bitcoin Plunges Over $3K After $85K Rejection, Altcoins Get Hit Harder: Market Watch

🚀 Bitcoin's recent surge towards $90,000 has faltered, with the cryptocurrency now struggling to maintain the $80,000 level after a rejection at $85,000.

📉 The altcoin market is experiencing significant losses, with most coins deep in the red, while XMR stands out with an impressive 11% gain.

💰 The total cryptocurrency market cap has dropped by over $60 billion, now sitting at $2.740 trillion, reflecting the overall downturn in the market.

Dogecoin Labs Wants DOGE to Be More Than a Meme Coin: Here’s How

🐕‍🦺 Dogecoin Labs has launched in partnership with the Dogecoin Foundation to strengthen the DOGE ecosystem by uniting various products and development teams, aiming to enhance usability beyond trading.

💻 The organization will focus on diverse applications, including payments, wallets, and gaming, with MyDoge and DogeOS playing key roles in connecting developers and users.

📉 Despite the developments, DOGE's price saw a slight decline of 2.6%, but analysts suggest a potential rebound if it maintains support around $0.081, with targets of $0.16-$0.17.

CZ Warns Crypto Users as Critical PHP Vulnerabilities Put Websites at Risk

🔒 Changpeng Zhao (CZ) warns internet users to exercise caution on all websites following the discovery of two critical PHP vulnerabilities that could lead to credential theft and device compromise.

⚠️ The NSA and FBI have advised organizations to update their PHP systems or take them offline, as exploitation of these vulnerabilities has already been confirmed in the wild.

💻 Not all crypto platforms are affected; BNB Chain and PancakeSwap have confirmed their systems are secure, with PancakeSwap urging other projects to communicate their safety to users.

Why XRP May Retest $1 Before Its Next Major Rally: Analyst

📉 XRP closed last week below its 20-week moving average, raising concerns of a potential pullback towards $1, which could form a double bottom similar to 2022.

🔄 To avoid a deeper retrace, XRP needs to reclaim and hold above $1.33, which would open the door for a move towards $1.50 and potentially higher levels.

📊 Historical trends indicate that XRP often returns to lower price bands after losing key support levels, with recent exchange data showing significant changes in investor behavior and increased withdrawals.

Coinbase and HTX Among Six Crypto Platforms Facing Restrictions in Kazakhstan

🚫 Kazakhstan is restricting access to six unlicensed crypto platforms, including Coinbase and Huobi Global, following a court ruling by the Astana Financial Services Authority (AFSA).

📱 The court order prohibits these platforms from offering digital asset services and affects the distribution of their mobile apps through Google Play Store and Apple App Store.

💰 Kazakhstan is advancing its crypto framework, with plans for regulated stablecoins and a $60 million investment in tokenized projects by 2026, as Tether explores a stablecoin linked to the Kazakh tenge.

Report: Trump to Address Foreign Crypto Scams at White House Event

🛡️ President Trump will highlight his administration's fight against foreign criminal networks involved in fraudulent crypto investments during a White House event, while his family is significantly invested in the crypto space.

👥 Key cabinet officials, including Homeland Security Secretary and FBI Director, will attend the event focused on cybercrime prevention, including the government's actions against fraudulent crypto websites and online scams.

📉 A consumer advocacy group estimates that investors linked to Trump's crypto ventures have lost at least $4.7 billion since 2022, with significant losses attributed to the TRUMP meme coin, which has plummeted over 97% in value since its peak.

XRP and DOGE Look Undervalued by MVRV Measures, but Will Traders Take Notice?

🌱 The crypto market is experiencing a positive shift, with major assets like XRP and Dogecoin showing potential buying opportunities according to Santiment.

📉 XRP and Dogecoin are in historically favorable zones with MVRV readings of 0.92 and 0.74 respectively, indicating significant unrealized losses for holders, while Bitcoin, Ethereum, and Chainlink hover around breakeven.

⚠️ Despite the gains, the market faces challenges from geopolitical tensions and interest-rate uncertainties, which could lead to increased volatility and a need to adjust growth expectations.

Important Cardano News and ADA Price Update: October 21

🚀 Cardano is advancing with new developments, including a unique programming language aimed at enhancing transaction security and privacy, co-developed by founder Charles Hoskinson and engineer Lucas Rosa.

🦠 Hoskinson also introduced Quinelings, self-replicating digital creatures that combine code and mathematics for verifiable calculations, currently running on local machines.

📉 Despite a recent 4% rise in ADA's price, analysts warn of potential bearish trends, citing declining whale holdings and a bearish SuperTrend indicator, with predictions of a possible drop to $0.17 if it falls below $0.21.

Zcash (ZEC) Rises to a 9-Day High as Whales Bet on Further Gains: Details

🚀 Zcash (ZEC) has surged over 13% in the last 24 hours, reaching approximately $1,330, with analysts suggesting this could signal the beginning of a major rally in the cryptocurrency market.

🔧 A significant catalyst for ZEC's rise is the upcoming NU7 upgrade, set for November 5, which aims to triple block production speed and temporarily reduce transaction fees by 60%.

🐋 Major investors, or "whales," have opened substantial long positions on ZEC, with one investing $18.6 million and another $18.9 million, indicating strong bullish sentiment, though high leverage poses risks of potential sell-offs.