CryptoPotato

Ripple’s XRP Is Bleeding, but Whales Are Buying: Are Bulls Preparing for a Violent Reversal

🐋 Whales are back in action, accumulating nearly 16.5 million XRP tokens as prices dip to $1.15, signaling potential bullish momentum despite the current decline.

📈 The Taker Buy/Sell Ratio on Binance is rising, indicating increasing buy-side pressure, even as XRP's price continues to fall, suggesting a possible reversal is on the horizon.

🔮 Analysts are divided on XRP's future, with some predicting a significant rally ahead, while others warn of a potential drop to $1.05-$1.10 before any upward movement can occur.

Crypto Wallets Lose $700M in Revenue During H1 2026: Report

💸 Wallet revenues plummeted 60% year-over-year to approximately $400 million in H1 2026, primarily due to lower trading activity and volatile crypto prices.

🎮 Despite the decline in wallet income, the gaming and gambling sector saw an 8% revenue increase to $3.3 billion, helping to cushion the overall consumer sector's losses.

📉 Mixed results in wallet activity: Bitcoin's non-empty wallets decreased by 30,000, while Ethereum's surged past 207 million, indicating contrasting trends in network participation.

Circle Q3 Revenue Rises 17% to $865M on ARC Token Sale as Reserve Income Falls

💰 Circle's Q3 revenue surged 17% to $865 million, driven by a $182 million presale of its ARC token, significantly boosting other revenue from $29 million last year to $207 million.

📉 Reserve income dropped 8% to $658 million due to a decline in the reserve return rate, despite an 8% increase in average USDC circulation to $73.3 billion.

✂️ The company announced a 5% workforce reduction, incurring $9.1 million in restructuring charges, as part of efforts to align its operations with strategic priorities.

Ethereum Price Analysis: ETH Must Reclaim These Levels to Reverse Bearish Momentum

🔻 Ethereum is facing challenges to regain momentum after a failed breakout attempt, with current trading around $2.25K and a critical support level at $2.2K that could determine market stability.

📉 The asset has broken below its ascending channel, indicating a medium-term deterioration, and sellers have turned previous support at $2.5K into resistance, complicating bullish prospects.

📊 On-chain analysis reveals a significant drop in wallet activity, with transaction counts nearing yearly lows, suggesting a lack of demand and leaving the $2.2K support as a crucial level for buyers to defend.

XRP Community Tensions Boil Over as Ripple CEO Defends Token’s Role

🚨 **Community Outcry:** Tensions have risen in the XRP community after a critical post aimed at Ripple's leadership, expressing frustration over the company's focus on stablecoins and institutional products rather than boosting XRP's value.

💔 **Demand for Fair Value:** The commentator argues that XRP holders deserve a price of $15-$20, feeling let down after supporting Ripple through regulatory challenges, while the token struggles despite the company's partnerships with major institutions.

🔄 **Garlinghouse's Defense:** Ripple CEO Brad Garlinghouse insists that XRP remains central to the company's strategy, emphasizing that while XRP is important, other financial tools may be more suitable for certain transactions, and reaffirming that Ripple aims to modernize financial infrastructure with digital assets.

We Are Still Early: One Brutal Wall Street Session Erased More Than the Entire Crypto Market

💥 Wall Street experienced a historic sell-off, with the S&P 500 losing approximately $3 trillion in market value in just one day, marking the largest single-day decline on record.

📉 The Nasdaq saw its steepest drop since the pandemic, with a 6.4% decline, while the S&P 500 remained about $5 trillion below its October peak, highlighting a relentless selling trend.

🔍 Interestingly, the total market value wiped out from the S&P 500 exceeded the entire cryptocurrency market, which is currently valued between $2.55 trillion and $2.65 trillion, indicating the crypto market's relatively small size compared to traditional equities.

Paraguay’s Bank Collapse Exposes a Problem Bitcoin Was Built to Solve

💔 **Crisis Unfolds**: Paraguay is experiencing a severe financial and political crisis following the seizure of Ueno Bank, a major digital lender, leading to frozen accounts, protests, and an impeachment battle involving President Santiago Peña.

🏦 **Banking Turmoil**: Ueno Bank, which served around three million customers and managed approximately $850 million in public funds, faced regulatory scrutiny for failing to meet solvency requirements, resulting in criminal investigations and detentions of bank executives.

🔗 **Bitcoin's Role**: While Bitcoin can't fully resolve the banking crisis, it offers self-custody benefits, allowing users to access their funds independently of traditional banks, and serves as a potential alternative for transferring wealth internationally amid institutional distrust.

How Low Can BTC, ETH, and XRP Fall if the Crypto Sell-Off Worsens

🔻 BTC is facing potential downside risks, with analysts predicting a drop to $60,000 if it loses crucial support at $73,000, following a significant pullback from $87,000.

📉 Ethereum's outlook appears weaker, having broken below key support levels, with projections suggesting it could fall to around $1,963 if selling pressure continues.

🚨 XRP is also in a precarious position, having slipped beneath mid-range support, with analysts eyeing a possible revisit to $0.99, especially after failing to close above $1.36.

ZEC and CC Lead Altcoin Swings as BTC Settles at $76K Despite US-Iran Attacks: Weekend Watch

💰 Bitcoin stabilizes at $76,000 after a volatile week marked by significant price drops and recoveries, despite ongoing US-Iran tensions.

📈 ZEC and QNT see notable gains, with ZEC rising over 4% to $1,325 and QNT increasing by 5.3% to $200, while other altcoins like RAIN and CC experience declines.

📊 The total cryptocurrency market cap has bounced back to $2.550 trillion, regaining around $50 billion since its recent low.

Something Big Is Coming for Pi Network This Month: Here’s What Pioneers Should Know

🎉 **Ecosystem Summit Announcement**: Pi Network's Ecosystem Summit is set for November 17-19, featuring platform announcements, technical demos, and appearances by co-founders Chengdiao Fan and Nicolas Kokkalis.

💻 **Focused Programming**: The first two days will stream on YouTube, with Day 1 highlighting the Developer Platform and app showcases, while Day 2 will delve into AI integration within the Pi ecosystem.

🏆 **Exciting Hackathon Launch**: The final day will unveil the Pi Next hackathon, offering a $200,000 prize pool to encourage developers to create applications that enhance the network's real-world utility.

‘Extreme Fear’ Hits Bitcoin for the First Time in 3 Months as BTC Plummets

😱 **Fear Takes Over:** The Bitcoin Fear and Greed Index has dropped to its lowest level in three months, indicating extreme fear among investors as the market faces significant price declines.

📉 **Market Impact:** Bitcoin's price has sharply fallen from $81,000 to $74,800 due to events like the Binance hack and US midterm results, leading to a volatile market environment.

🔮 **Potential Upside:** Historically, when the Fear and Greed Index reaches such low levels, Bitcoin has experienced significant rebounds, suggesting that the current fear could present a buying opportunity for investors.

XRP Sentiment Crashes to July Lows: Could This Be the Bullish Signal Ripple Needs?

📉 XRP's price plummeted to a seven-week low of $1.17, significantly impacting market sentiment and confidence among traders.

🤔 Analyst Ali Martinez suggests that the extreme bearish sentiment could indicate a potential bullish reversal, with XRP forming an inverse head-and-shoulders pattern.

🔮 CasiTrades predicts a further decline towards the $1.10 target, while Dark Defender maintains that key support levels at $1.12 and $1.21 could signal a developing bullish Wave 3.

Zcash NU7 Upgrade Goes Live, Slashing Block Times From 75 Seconds to Just 25 Seconds

🚀 Zcash's major network upgrade, NU7, was activated on November 5, reducing block times from 75 seconds to just 25 seconds and adjusting block rewards to maintain ZEC circulation.

🔒 The new Network Sustainability Mechanism (NSM) will remove 60% of transaction fees from circulation and reissue them through future block rewards, preserving Zcash's fixed supply cap of 21 million ZEC.

📈 Despite a strong performance this year, ZEC's price fluctuated post-upgrade, briefly dropping to around $1,222 before recovering to approximately $1,290.

Core Scientific to Exit Bitcoin Mining by 2027 as AI Data Center Business Takes Over

🔄 Core Scientific plans to cease its Bitcoin mining operations by December 2026, transitioning to focus on high-density colocation services for AI and high-performance computing.

📈 The company's colocation revenue surged 58% to $215.4 million in Q3, contributing to a total revenue increase of 42% and a significant rise in adjusted EBITDA to $133.6 million.

⚔️ Intense competition in Bitcoin mining is evident, with other miners like Riot and MARA also pivoting towards AI infrastructure, while American BTC reported weaker mining performance despite a net income supported by non-cash gains.

Bitcoin Could Be Done Falling This Cycle, Analyst Predicts

🚀 Bitcoin (BTC) may have already hit its bear market bottom, according to trader KillaXBT, who emphasizes market structure over seasonal patterns typically seen in Q4.

📉 Recent selling pressure has pushed BTC down to around $76,000, following a brief spike near $81,000, with significant liquidations occurring amid a broader market downturn.

🔍 Analyst Ash Crypto highlights the importance of the 50-week moving average at $75,500 for BTC's stability, suggesting a recovery above $80,000 is crucial for improving market momentum.

Near (NEAR) Plummets 15% Weekly, Yet This Signal Hints at a Reversal

📉 NEAR has experienced a significant decline of 15% this week, dropping to a six-week low and falling below a $5 billion market cap, losing its position among the top 20 cryptocurrencies.

🔄 Analyst Ali Martinez identified a potential reversal signal on NEAR's daily chart, suggesting targets of $4.30 and $4.80, while Michael van de Poppe sees accumulation opportunities below $3.50.

🚀 X user Posty highlighted NEAR's recent solid performance, suggesting that the current price levels could represent a prime buying opportunity as the asset aligns with key moving averages and narratives for future growth.

Steal Bitcoin, Lose Your Own BTC? Developer Floats Three Defenses Against Quantum Attacks

🛡️ A Bitcoin developer proposes strategies to deter quantum attackers from stealing BTC, suggesting financial incentives and time-locks to protect vulnerable coins.

💰 The "Quantum Landmines" concept would require attackers to collateralize their stolen coins with their own quantum-safe BTC, while the "Staked Auction" allows users to stake coins in advance to bid on vulnerable outputs.

🔍 Despite concerns about quantum threats, some analysts argue that the potential impact on Bitcoin's market stability may be overstated, indicating a divide in opinions on the urgency of these defenses.

Bitcoin Sinks to 11-Week Low After Democratic Sweep and Wall Street Crash: Weekly Crypto Recap

🚨 **Major Hack Impact:** Binance experienced a staggering $6.3 billion hack, causing Bitcoin to drop to $76,000 before recovering slightly due to promises of user compensation.

📉 **Election Volatility:** Following the US midterm elections, Bitcoin initially fell to $75,600 but surged to $81,000 before crashing again to $74,800 after a strong US jobs report.

🔍 **Market Developments:** Despite the turmoil, Binance saw a $3.4 billion influx of tracked assets post-hack, while analysts predict potential delays for the CLARITY Act due to Democratic victories, alongside new crypto legislation being considered.

Never Wrong So Far: This Trader Bets Big on Ethereum (ETH)

🚀 **Market Movement:** Ethereum (ETH) experienced a 7% drop, hitting nearly $2,200, but has since rebounded to around $2,240, sparking optimism among analysts for a potential recovery.

🐋 **Whale Activity:** A significant investor opened a $45.3 million long position on ETH with 25x leverage, successfully completing 10 trades, which has led to speculation about insider knowledge that could positively influence ETH's price.

📈 **Analyst Insights:** Experts like Michael van de Poppe and ZAYRO ₿ highlight critical resistance levels and potential for substantial price increases, with ZAYRO suggesting ETH is poised for a major breakout after a lengthy consolidation phase.

Bitcoin Price Goes Wild Again as US Jobs Report Smashes Expectations

📈 Bitcoin's price reacted sharply to the US jobs report for October, which revealed 165,000 new jobs added, significantly exceeding expectations of 59,000.

📉 Following the report, Bitcoin's price initially dropped from $76,000 to $75,200, reflecting bearish sentiment towards risk-on assets due to tighter monetary policy implications.

👵 Labor economist Nicole Bachaud highlighted long-term labor market challenges, noting an aging workforce and declining immigration as factors limiting job growth potential.