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XPL, Not XRP: Why Are Whales Shoveling Ripple's Rival?
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XPL, Not XRP: Why Are Whales Shoveling Ripple’s Rival?

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  • XPL’s market path
  • Whales are not enough?

An unknown whale is taking risks on the cryptocurrency market — but not with XRP. Instead, whales’ attention is focused on Plasma, a layer-1 blockchain designed for stablecoin payments worldwide. After depositing 31.52 million USDC into Hyperliquid just 10 hours ago, the whale has since bought 29.27 million XPL, which is approximately $31.13 million.

XPL’s market path

With strong liquidity and high trading volumes, XPL has recently risen on the charts, and this sudden accumulation is igniting speculation about it. CoinMarketCap reports that XPL is trading at $0.94, down 18% for the day, but it has a huge 24-hour volume of $2.49 billion or nearly 147% of its $1.69 billion market cap. XPL is establishing itself as a direct competitor on the payments market, in contrast to XRP, which has been having trouble with resistance levels and low volume. 

Source: CoinMarketCap

Plasma aims to create the foundation of a stablecoin-powered financial system by offering customizable gas tokens and zero-fee USDT transfers. Because of this positioning even in the face of price volatility, wealthy investors are placing significant bets on its long-term prospects. The whale’s repeated behaviors imply that it is confident in accumulation at the present rate. Historically, insider confidence in impending developments or longer adoption cycles have frequently preceded such concentrated buying. 

Whales are not enough?

But traders need to prepare for more volatility given the token’s recent sharp swings, which include an all-time high of $1.68 just three days ago and today’s retracement. This movement presents an indirect challenge to XRP. Although XPL’s whale-driven surge indicates investor interest in alternative payment-layer solutions, Ripple is still firmly established in traditional financial corridors.

The long-standing dominance of XRP in cross-border settlements may be seriously challenged if Plasma manages to draw in this kind of funding. In summary, it is important to keep a close eye on the shift, where whales are investing in XPL rather than XRP. The sudden whale accumulation and stablecoin-first infrastructure of Plasma could signal the beginning of a larger struggle for relevance in blockchain-based payments.



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Swiss flag in alpine landscape, symbolizing Sygnum’s Swiss roots
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CoinShares to Acquire FCA-Regulated Bastion Asset Management

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CoinShares, the European digital asset manager with roughly $10 billion under management, said Wednesday it will acquire Financial Conduct Authority-regulated Bastion Asset Management.

The financial details of the deal, which is subject to UK regulatory approval, were not disclosed in press materials. The move is intended to deepen CoinShares’ capabilities in actively managed crypto strategies and support its U.S. expansion.

London-based Bastion specializes in systematic investment strategies for digital assets. The firm has focused on market neutral and quantitative approaches aimed at institutional clients. Under the agreement, Bastion’s team, including CEO Philip Scott and CIO Fred Desobry, will join CoinShares.

CoinShares is best known for its exchange-traded products, which give investors passive exposure to cryptocurrencies. Adding Bastion’s strategies will allow the firm to combine passive products with active management, creating what it says could be a more complete suite for investors. For example, a pension fund that currently uses CoinShares’ bitcoin ETPs might soon be able to allocate to a market-neutral crypto fund designed to smooth returns in volatile markets.

The acquisition also bolsters CoinShares’ U.S. ambitions. With an Investment Advisor license already in place, the company plans to launch actively managed funds tailored for institutional investors in the U.S., a market where regulatory clarity has made such products increasingly viable.

“This acquisition perfectly aligns with our vision to provide our global investor base with comprehensive digital asset management solutions” said Jean-Marie Mognetti, CEO and Co-Founder of CoinShares. “Having worked closely with Bastion over the course of the last year, we have experienced first-hand the performance of their strategies and witnessed their expertise in systematic digital asset investing.”



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Tether Stacks More Bitcoin With Fresh 8,888 BTC Acquisition Worth $1 Billion

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Leading stablecoin issuer Tether appears to have acquired another 8,888 Bitcoin (BTC), worth approximately $1 billion. On-chain analytics platform Onchain Lens confirmed the purchase in an X post earlier today.

Tether Continues To Stack Bitcoin

Tether, the issuer of the top USD-pegged stablecoin USDT, today purchased another 8,888 BTC, increasing its total Bitcoin reserves to new highs. Onchain Lens said that Tether acquired it on the last day of Q3, 2025.

Following the Bitcoin purchase, Tether CEO Paolo Ardoino confirmed the acquisition in an X post, saying, “yeah.” With today’s purchase, Tether’s total holdings now stand at almost 10,940 BTC.

Tether’s total BTC holdings have propelled it to second position among private companies with the most BTC reserves. The list is currently led by Block One, which currently holds 164,000 BTC, worth roughly $18.5 billion.

In the overall list, including public companies, Tether is now ranked third, behind Strategy, which leads the list by far, holding 640,031 BTC on its balance sheet, according to data from Coingecko.

It should be noted that this is not the first time that Tether has acquired such a huge amount of BTC. The company purchased a similar amount of BTC and transferred it to its wallet at the end of Q1, 2025.

To recall, Tether started buying BTC as part of its reserves back in September 2022. Subsequently, in May 2023, the firm announced that it would allocate up to 15% of its net profits each quarter to purchase more BTC.

Since announcing its BTC buying strategy, Tether has consistently enhanced its BTC reserves as part of its long-term diversification strategy. It is worth noting that Tether-backed Bitcoin treasury firm Twenty One also holds around 43,514 BTC currently.

Tether’s Bitcoin reserve wallet address, starting with “bc1qj” is also among the top ten single address holders of BTC. The wallet trails several centralized exchange cold wallets, such as those of Binance.

The Rush For Accumulating BTC

Tether’s move to accumulate BTC is not an isolated incident. An increasing number of firms have been actively purchasing BTC over the last few years, seeing the digital asset’s extraordinary price appreciation in a relatively short period.

For instance, Strategy recently added to its already high amount of BTC holdings, purchasing 196 BTC. Similarly, Cyprus-based ship-owning firm Robin Energy recently made its first BTC acquisition, as it bought the flagship cryptocurrency worth $5 million.

The trend of companies buying BTC in large amounts is likely to dry up the asset’s active circulating supply, as confirmed in a recent report by Fidelity. This could put further upside price pressure on BTC. At press time, BTC trades at $113,219, down 0.4% in the past 24 hours.

Bitcoin trades at $113,219 on the daily chart | Source: BTCUSDT on TradingView.com

Featured image from Unsplash.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Can the government shutdown have a significant effect on the crypto space?
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Can the government shutdown have a significant effect on the crypto space?

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The U.S. government is facing a shutdown due to the inability of Republicans and Democrats to agree on the budget. Various sources evaluate the probability of a shutdown as high. If it happens, a shutdown may have multiple repercussions. Among other implications, it could bring more uncertainty to the crypto market and slow the pace of crypto regulation.

Summary

  • U.S. President Donald Trump and Vice President JD Vance warn about a highly probable shutdown starting on Oct. 1.
  • In the event of a shutdown, the government stops publishing employment and inflation data, making it harder for traders to time the market. Experts predict market volatility.
  • The Clarity Act passage will be delayed, while the SEC will halt working on rulemaking for the crypto sector and won’t be able to review applications for spot crypto ETFs.

Probability of shutdown

Uncompromising disagreement on healthcare spending between the GOP and Democrats delayed budget finalization. On Sept. 29, Vice President JD Vance said that the government is “headed for a shutdown.” Earlier, President Donald Trump warned that Americans would likely “end up with a closed country for a period of time.” JD Vance accused Democrats, saying:

“You don’t put a gun to the American people’s head and say, unless you do exactly what Senate and House Democrats want you to do, we are going to shut down your government. I think we are headed to a shutdown because the Democrats won’t do the right thing.”

The Democratic Senate minority leader, Chuck Schumer, is mirroring Vance’s claims, stating that “it’s up to Republicans whether they want to shut down or not.”

Government funding expires in hours and where are House Republicans?

They canceled votes and went on vacation.

Republicans own this shutdown.

— Democrats (@TheDemocrats) September 30, 2025

This rigidness of both parties left little space for possible agreement. As of Sep. 30, 89% of voters on Polymarket believed the U.S. government would go through a shutdown before the year-end.

Government funding expires in hours and where are House Republicans?

They canceled votes and went on vacation.

Republicans own this shutdown.

— Democrats (@TheDemocrats) September 30, 2025

Possible implications for the economy 

Shutdowns furlough public workers, put government contractors at risk, and block state agencies from doing their jobs. Given that the U.S. is already going through a shaky period, a shutdown may bring more harm than usual.

The harm level depends on the economy’s health at the time of the shutdown and the shutdown’s length. The latest shutdown, which took place during Trump’s first presidential tenure in December 2018 and January 2019, was the longest one. It lasted 35 days and saw the biggest consumer sentiment decline. 

The drop in consumer sentiment indicates that people are not comfortable spending their money on nonessential goods, which generally undermines economic growth and hinders business conditions.

What’s at stake for the crypto community?

Government shutdowns don’t usually affect the markets that much. However, it has an indirect impact, and the crypto space may take a soft hit. TV personality and author Jim Cramer said to CNBC, addressing the possible market impact of a shutdown:

“I’m not worried about most of this stuff. My biggest fear is that a shutdown will delay important pieces of economic data, making life more difficult for the Federal Reserve and potentially postponing their plans to cut interest rates.”

There are several ways the looming shutdown may impact the crypto space:

  • It will hinder data collection for investors.
  • It will stop the government from passing the much-anticipated CLARITY Act.
  • It will block the SEC’s work on rulemaking in the crypto space and approval of spot crypto ETFs.

Traders will not have key metrics from the Federal Reserve, such as inflation and unemployment rates, available. They will have to trade without factoring this data in.

Government funding expires in hours and where are House Republicans?

They canceled votes and went on vacation.

Republicans own this shutdown.

— Democrats (@TheDemocrats) September 30, 2025

The CLARITY Act, the market structure bill aimed at setting clear rules for various types of cryptocurrencies, was set to be signed into law before Thanksgiving. The possibility of a shutdown brings uncertainty about whether the act will be passed that soon or even this year.

Finally, a shutdown will hinder the work of the Securities and Exchange Commission, slowing the realization of Project Crypto. Recently, SEC Chair Paul Atkins outlined the main directions of the agency aimed at regulating the crypto space and facilitating innovation in the U.S.

He talked about the upcoming innovation exemption that will let crypto businesses launch freely without being “torpedoed” by bureaucratic burdens. On top of that, Atkins said the SEC is going to do a lot of work related to rulemaking in the crypto space. Evidently, if a shutdown takes place, this work gets delayed. The same goes for reviewing and approving crypto spot ETFs, which usually galvanize trading when they get approved.

The latest shutdown implications

The latest shutdown took place in 2018-2019 due to disagreement between Democrats and Republicans over funding for the wall on the southern border. It was the longest and one of the most destructive. It affected 800,000 public workers. Half of them were furloughed, while others continued to work without pay. The 2018-2019 shutdown saw consumer sentiment declining by 7 points.

As for crypto, Bitcoin’s price was crumbling ahead of the shutdown in November, going from $6,400 to $3,200 in a single month. However, when the shutdown started, the price rebounded to more than $4,000. When the shutdown ended, Bitcoin’s price was above $3,500.

In general, it is safe to say that the biggest decline took place weeks before the shutdown itself. This September, the last two weeks were harsh for the crypto market. Soon, we will learn if this was a repetition of the past shutdown’s price action.





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Stripe Launches Tool To Create Stablecoins In Few Lines Of Code
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Stripe Launches Tool to Create Stablecoins in Few Lines of Code

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Global payments giant Stripe is allowing any business to launch its own stablecoin with minimal effort. The new service, called Open Issuance, promises companies they can mint and manage stablecoins “with just a few lines of code.”

Stripe explained that Open Issuance will let businesses freely mint and burn coins, customize reserves, and decide the mix between cash and U.S. Treasuries. The tool is powered by Bridge, a stablecoin infrastructure company Stripe acquired for $1.1 billion in October 2024. Asset management giants BlackRock, Fidelity, and Superstate will handle the treasuries behind the reserves.

According to Stripe, businesses can launch a new stablecoin in just a few days. Stripe claims that it takes only a few days to launch a new stablecoin by a business. Businesses can even establish reward systems, with the income of reserves, to directly reward customers. 

Stripe claims that the model minimizes the risks associated with building a stablecoin internally, which is usually accompanied by compliance, liquidity, and reserve management issues.

Stablecoins Gaining Mainstream Ground

Interest in stablecoins has surged under the crypto-friendly U.S. President Donald Trump’s administration. In July, the GENIUS Act was signed, which brought regulatory clarity, pushing the market to almost $300 billion. The U.S. Treasury expects that figure to soar to $2 trillion by 2028.

pursuing a federal banking charter and a trust license in New York to comply with U.S. regulatory requirements, according to The Information.

Risks and Industry Trend

Stablecoins are fast and efficient, but they are also associated with risks related to the management of the reserve and regulation. Stripe believes that its infrastructure-based model will reduce those risks to businesses.

This launch follows a wider industry trend. Just a day earlier, Binance rolled out a white-label “crypto-as-a-service” solution for banks and brokerages.

With Open Issuance, Stripe is positioning itself as a leader in crypto infrastructure, making stablecoin adoption faster, safer, and more accessible for businesses worldwide.

Also Read: Fold Partners With Stripe, Visa for New Bitcoin Rewards Card



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Brian Quintenz (Senate Agriculture Committee, screen capture)
GameFi Guides

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts

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The U.S. Securities and Exchange Commission has cracked the door to welcome crypto custody at a wide range of firms who’ve earned state charters as trust companies — a list that would include the trust affiliates of Coinbase, Kraken and other high-profile names in crypto.

The SEC’s Division of Investment Management issued a so-called no-action letter on Tuesday, a document that assures that the regulator doesn’t intend to pursue any enforcement actions by those engaging in the specific activity — in this case, that SEC-registered advisers and funds can park digital assets in state trusts.

Such qualified-custodian questions had represented a policy battleground during the tenure of former SEC chairs Gary Gensler and Jay Clayton, the former having led the agency to introduce a later-abandoned proposal that would have constrained what kinds of companies could handle the crypto of regulated investment advisers. Gensler made it clear he specifically meant to muscle out exchanges such as Coinbase.

But the SEC’s new management — most notably Chairman Paul Atkins — is pursuing a crypto-forward campaign, with Atkins saying earlier this week that establishing industry policies is the agency’s top priority (as assigned by pro-crypto President Donald Trump).

While Tuesday’s no-action letter isn’t a formal agency rule, it carries enough weight to free firms from short-term compliance worries. Specifically, the document said the SEC “would not recommend enforcement action to the commission under the custody provisions against a registered adviser or regulated fund for treating a state trust company as a ‘bank’ with respect to the placement and maintenance of crypto assets.”

The earlier argument from Gensler was that crypto firms weren’t safe and sufficiently regulated to qualify as risk-free enough for registered investment advisers to keep their customers’ assets.

“Even though it was never adopted, the proposal has created problems for investment advisers through its assertion that most crypto assets are likely to be funds or crypto asset securities covered by the current rule, and thus must be maintained with a qualified custodian,” Commissioner Hester Peirce said in a speech in Singapore on Tuesday.

She argued that the agency “should consider updating the rules governing permissible custodians for registered investment advisers and investment companies,” adding that maybe technologically adept companies should be permitted to custody assets themselves.

But Democratic Commissioner Caroline Crenshaw, who was allied with Gensler on this point two years ago, issued a statement opposing the no-action treatment, saying the SEC is effectively treating crypto as something apart from the rest of the financial sector. And it’s ignoring the efforts of firms pursuing federal chartering from the Office of the Comptroller of the Currency.

“Rather than create a level playing field, we leave investors and the markets to gamble in an unnecessary game of 50-state regulatory roulette – just to accommodate crypto,” she said. “Executing a shift of this magnitude via no-action relief without public comment and without any economic analysis is ill-advised for many reasons, not least of which because it likely violates the Administrative Procedure Act, though this has become commonplace by this commission.”

The SEC has been pursuing a number of crypto policies under Atkin’s recent Project Crypto, and the chairman has set an agenda to issue formal crypto rules in the coming months. Meanwhile, Congress has made extensive progress on legislation to more completely regulate the U.S. digital assets markets.



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Visa Stablecoins
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Visa Pilots Stablecoins To Modernize Cross-Border Payments

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Visa is launching a stablecoin prefunding pilot through Visa Direct, in a bid to make cross-border payments faster and more flexible.

Visa Direct Will Utilize Stablecoins For The First Time

Payments giant Visa has announced a new pilot program for Visa Direct, the firm’s real-time global payments platform. According to the announcement, which occurred at Sibos 2025, businesses will be able to prefund cross-border payments with stablecoins, cryptocurrencies pegged to a fiat currency.

Until now, Visa Direct users could only prefund their international payments using fiat. Such transactions were slow, sometimes taking days, forcing businesses to park their capital in advance. With the use of stablecoins, however, settlement can occur in minutes.

Chris Newkirk, President, Commercial & Money Movement Solutions at the company, said:

Cross-border payments have been stuck in outdated systems for far too long. Visa Direct’s new stablecoins integration lays the groundwork for money to move instantly across the world, giving businesses more choice in how they pay.

Pre-funding with these fiat-tied currencies works just like with fiat: Visa treats the tokens as “money in the bank.” Recipients, however, aren’t forced to get paid in stables; they can choose to receive in their local currency instead.

With the new pilot, businesses will have the advantage of having better access to capital, as they won’t have to park it up in advance for as long as with the current fiat system. As for who can use the Visa Direct pilot right now, the payment card services company has noted that it’s only open to select partners that meet the criteria. The firm expects the pilot to move into limited availability by April 2026.

Visa said in the press release:

By combining the scale and trust of Visa’s global network with the programmability of blockchain and by partnering with leading payment providers on prefunding use cases, Visa is helping modernize cross-border payments for businesses, financial institutions and consumers worldwide.

Visa isn’t the only financial institution that has made a move toward modernizing cross-border payments during Frankfurt’s Sibos 2025. Payments messaging platform SWIFT has also announced a shared ledger developed with 30+ major global banks based on the blockchain, the technology that powers digital assets like Bitcoin and stablecoins.

Bitcoin Has Retraced Some Of Its Recovery Over The Past Day

Bitcoin exceeded the $114,700 mark on Monday in what looked like the return of bullish momentum, but the rally seems to have already run out of steam as the cryptocurrency has returned to the $112,800 level.

The chart below shows how the coin’s recent performance has looked:

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView

One warning sign that may have already been there could be the sharp surge in the Open Interest that accompanied the price surge, as CryptoQuant community analyst Maartunn pointed out in an X post.

The data for 24-hour percentage change in the BTC Open Interest | Source: @JA_Maartun on X

A sudden large jump in speculative activity can often lead to volatility for Bitcoin, which may be what happened this time as well.

Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Rally Pushes Crypto Into Green for September, But Alts Are Lagging: Analysis

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In brief

  • The crypto market is poised to close in the green for September as Bitcoin rallies above $114k.
  • Altcoins like ADA and DOGE, though, aren’t faring nearly as well.
  • Technical indicators and prediction market data diverge on the near and long-term market view.

The crypto market is nursing another day of modest losses—but they’re modest enough to escape the seasonal September curse.

Despite the sea of red today, with 82% of the top 100 coins by market cap registering losses, September is poised to end in green, with an average monthly gain of 2.7%. For those curious, if we remove Bitcoin from the equation, the altcoin market is still up roughly 0.7% for the month. Not bad, all things considered.

The global cryptocurrency market cap now stands at $4 trillion, down less than 1% over the past 24 hours, according to CoinGecko. Bitcoin has managed a modest rebound, currently trading at just over $114,400. Ethereum, meanwhile, has itself climbed roughly 1% to around $4,200. Other prominent altcoins though, such Cardano and Dogecoin, aren’t faring as well.



As we zoom out, traditional markets are showing mixed signals today. The S&P 500 and Nasdaq posted modest gains as investors digest earnings reports from tech giants. But the real action is happening in the commodities market. Gold continues its relentless march higher, trading at $3,822 per ounce after climbing 0.07% on the day—up a staggering (in terms of the gold market) 30% year-over-year. The precious metal’s strength reflects ongoing concerns about inflation, tariff policies, and tensions in the Middle East that keep oil prices elevated.

The crypto market’s correlation with traditional risk assets remains intact, but with a twist: While Bitcoin increasingly behaves like digital gold during market stress, altcoins are getting hammered in the rotation to relative safety. The Altcoin Season Index, which measures the strength of crypto assets against Bitcoin, plunged from 77 to 58 points over the past week, signaling that traders are either fleeing to Bitcoin or exiting the market entirely.

Bitcoin (BTC) price: The market leader holds the line

Bitcoin continues to demonstrate remarkable resilience, trading above $114,000—up nearly 1% on the day despite broader market weakness. The flagship cryptocurrency has entered what Bitfinex analysts describe as a “cooling phase” that could lead to an explosive move to the upside.

Bitcoin price data. Image: Tradingview

The technical picture shows Bitcoin maintaining its golden cross formation, where the 50-day moving average (EMA50) sits comfortably above the 200-day line (EMA200). That means that the average price of Bitcoin over the short term is trading higher than the average price over the longer term. It’s a traditionally bullish configuration that suggests the medium-term trend remains intact.

Momentum indicators, however, tell a more nuanced story. Traders use the Squeeze Momentum Indicator to show what kind of market phase an asset is currently trading in, be it a bullish/bearish impulse or bullish/bearish trend. This indicator has flipped bearish, marking a shift in short-term direction that often precedes deeper corrections when combined with other weak signals.

The Average Directional Index, or ADX, for Bitcoin sits at just 18, well below the 25 threshold that traders use to confirm strong trend establishment. Think of ADX as a trend strength meter: readings below 20 indicate directionless trading where neither bulls nor bears have control, while readings above 25 signal a mature trend with follow-through potential. Bitcoin’s weak ADX reading means the market lacks conviction to push decisively higher or lower, leaving it vulnerable to external shocks from macroeconomic events or regulatory developments.

In these moments, traders will often opt to set take-profit or stop-loss calculations on any open position, since markets under these conditions tend to bounce around a lot within specific support and resistance levels. For Bitcoin, that range is currently within $108K to $118K.

The Relative Strength Index, or RSI, for Bitcoin is currently at right around 50. RSI measures momentum on a scale from 0 to 100. A score of 50 indicates a balanced market trying to digest how strong this multi-month correction might be. However, the combination of weak trend strength and bearish Squeeze Momentum creates a wait-and-see environment where traders are content to let Bitcoin consolidate its year-to-date gains before committing fresh capital.

In terms of sentiment, prediction market data reflects the near-term bearishness seen in the charts. Traders on Myriad, a prediction market operated by Decrypt’s parent company Dastan, largely expect more red candles on the Bitcoin chart before tomorrow afternoon, placing those odds at 74%.

Myriad traders are also currently split on Bitcoin’s next direction, with 53% odds placed on an upward move toward $125K (a new all-time high) and 47% odds on a dip back down to $105K. For context, Myriad traders are much more bullish on gold at the moment, placing odds at 70% that the precious metal outperforms its digital counterpart for the rest of 2025.



Key Levels:

  • Immediate support: $109,000 (recent consolidation zone)
  • Strong support: $106,000 (psychological level and options concentration)
  • Immediate resistance: $116,000 (recent rejection point)
  • Strong resistance: $120,000 (approach to all-time high territory)

Cardano (ADA) price: Long-term bull meets short-term bear

Cardano, the ETH competitor developed by Ethereum co-founder Charles Hoskinson, today finds itself in an interesting position, according to the charts.

The token, which traders as ADA, is down roughly 1% today, trading at just above $0.80. That’s enough for a $29 billion market cap, but off by around 74% from its all-time high of $3.09 four years ago.

Cardano (ADA) price data. Image: Tradingview

Still, for ADA bulls, the long-term structure remains encouraging.

The 50-day EMA for Cardano sits above the 200-day EMA and in that “golden triangle” formation that traders love so much. But the short-term momentum is soft, and the gap between the moving averages is closing, pointing to a possible “death cross” in the future.

A death cross is basically the opposite of a golden cross. If the EMA50 trades below the EMA200, it generally means the longer you hold, the more you lose. It is usually considered a solid indicator of a bearish trend, just as much as the golden cross is considered bullish for the same reasons.

The RSI for ADA is at 40, which sits in bearish-to-neutral territory, signaling consistent—if not panicky—selling. The ADX at 22 underscores the lack of a decisive trend, aligning with choppy, range-bound trading. The Squeeze Momentum Indicator in the “off” status shows bearish momentum, suggesting the downward move is already in progress rather than coiling for a breakout.

The price of ADA slipped below the psychologically important $0.80 today, with lower highs forming near-term. The market appears range-bound between roughly $0.75 (support near the EMA200) and $0.85 (resistance near the EMA50). Bulls need a reclaim and hold above $0.80–$0.82 to flip momentum; otherwise, a test of $0.75–$0.76 remains on the table.

At the moment, Myriad traders lean bullish, with the market setting the line at 55% that ADA sooner pumps to $1 than dumps all the way down to $0.60.

Key Levels:

  • Immediate support: $0.750 (range bottom)
  • Immediate resistance: $0.809 (today’s high)
  • Strong resistance: $0.850 (range top)

Dogecoin (DOGE) price: Channel support test in play

Dogecoin, the OG meme coin, fell as much as 3.3% today to $0.227 after opening at $0.235, testing critical support within an otherwise constructive longer-term setup. The day’s range—$0.236 high to $0.227 low—is a clear indication of the near-term weakness after a major correction from mid-September.

Dogecoin (DOGE) price data. Image: Tradingview

Like ADA, DOGE enjoys a 50-day EMA above the 200-day EMA. Price action is tracing a rising channel, with price now hovering near the channel’s lower boundary and the EMA band—often a “buy zone” for trend followers. Hold that level and a rebound toward $0.24–$0.26 is plausible; lose it, and a breakdown toward $0.21–$0.22 becomes more likely.

RSI at 43 is neutral-to-bearish, while ADX at 17 signals “no clear trend”—conditions that punish breakout attempts and favor range tactics (buying support, selling resistance). The Squeeze Momentum Indicator mirrors ADA: bearish momentum with the squeeze “off,” implying the down move is underway rather than loading.

Despite near-term weakness, Dogecoin’s fundamental backdrop has improved significantly. Bloomberg analyst Eric Balchunas is certain we’ll have a Dogecoin ETF approved by year-end, potentially opening doors for pension funds and institutional portfolios to gain DOGE exposure through regulated investment vehicles.

We all know what ETFs have done for Bitcoin and Ethereum—billions upon billions in fresh capital that have played a critical role in a multi-year bull market for crypto. Dogecoin holders are no doubt wondering if there will be enough left for them too.

Key Levels:

  • Immediate support: $0.227 (psychological channel lower boundary and EMA200)
  • Immediate resistance: $0.236 (today’s high and EMA50)
  • Next resistance: $0.25 (apparent zone, not strong but still in play)

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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5 Cryptos to watch as Citigroup eyes blockchain payment services, stablecoin custody
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Societe Generale launches stablecoins on Morpho and Uniswap

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Societe Generale’s digital asset arm is now live on Morpho and Uniswap, moving its regulated EURCV and USDCV stablecoins beyond centralized exchanges and into the heart of decentralized lending and spot markets.

Summary

  • Societe Generale-FORGE has deployed euro and dollar stablecoins on Morpho and Uniswap.
  • Users can borrow against BTC, ETH, and tokenized money market funds, with Flowdesk and MEV Capital managing liquidity and risk.
  • The move reflects growing institutional interest in DeFi and tests how regulated bank-issued stablecoins perform in decentralized markets.

According to a press release dated Sept. 30, SG-FORGE has deployed its euro- and dollar-denominated stablecoins on two foundational DeFi protocols. On Morpho, users can now borrow EURCV and USDCV against a basket of crypto collateral, including wrapped Bitcoin and staked Ether.

Simultaneously, the stablecoins are listed on Uniswap, with Flowdesk providing liquidity for spot trading. The move, facilitated by specialized partners like MEV Capital for risk management, marks the division’s first major foray into the public Ethereum DeFi landscape.

Why Societe Generale’s stablecoin deployment matters

Per the statement, the deployment is a direct response to growing institutional demand to interact with digital assets outside the confines of traditional market hours and centralized gatekeepers.

SG-FORGE said it was positioning its stablecoins not as replacements for existing options, but as regulated instruments for specific, capital-efficient use cases.

“SG-FORGE aims to offer a complementary approach to its clients who would like to use these robust and regulated assets 24/7 in the context of financial operations,” the company noted, suggesting a shift from viewing DeFi as a separate entity to treating it as another operational venue, akin to a new trading floor or settlement network.

Beyond the familiar crypto collateral of wrapped Bitcoin and staked Ether, the Morpho vaults introduce a significant new asset class: tokenized money market funds. Specifically, the USTBL and EUTBL funds issued by Spiko will be accepted, blending traditional yield-bearing instruments with decentralized lending for the first time in this context.

Overseeing this cautious expansion is MEV Capital, which has been tasked with a critical curatorial role. The firm will supervise the list of eligible crypto assets used as collateral, ensure optimal capital allocation across the vaults, and act as a backstop by managing the risk of default as a last resort.

Uniswap’s role in the rollout is equally significant. By placing EURCV and USDCV into automated trading pools, Societe Generale is testing whether bank-issued stablecoins can operate under the same liquidity dynamics that govern crypto-native tokens.



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