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Exchange Review August
Crypto Trends

Bitcoin’s Key Trends Suggest BTC Price Still Has Plenty of Room to Run

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Many investors are currently viewing bitcoin through an end-of-cycle lens, suggesting that Q4 could mark the close of the current market cycle. However, two key metrics point to the possibility that the bull market may actually be in its early stages.

Glassnode data shows that the 200-week moving average (200WMA), which smooths bitcoin’s price over a long-term horizon and has historically only trended upwards, has just breached $53,000.

Meanwhile, the realized price, the average price at which all bitcoin in circulation last moved onchain, has just risen above the 200-WMA at $54,000.

Looking back at previous cycles, we see a consistent pattern. In bull markets, the realized price tends to stay above the 200-WMA, while in bear markets, the opposite occurs.

For example, in the 2017 and 2021 bull markets, the realized price steadily climbed higher and widened its gap above the 200-WMA, before eventually collapsing below it and signaling the start of the bear markets.

While, during the downturn of 2022, the realized price fell below the 200-WMA, it has only recently moved above it. Historically, once the realized price remains above this long-term moving average, bitcoin has tended to push higher as the bull market progresses.



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'BNB Microstrategy' faces imminent Nasdaq delisting as price falls below threshold
Crypto Trends

BNB Coin price targets $1,500 as key network metrics jump

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The BNB Coin price continued its strong bull run this week, reaching its highest point on record. This performance may accelerate as key metrics improve. 

Summary

  • Binance Coin price continued its strong bull run this week.
  • The number of transactions on the BSC Chain has soared this month. 
  • The network will burn tokens worth over $1.2 billion soon. 

Binance Coin (BNB) token jumped to a high of $1,190, up 478% from its lowest level in 2023. This surge has pushed its market capitalization to over $162 billion, making it the fifth-largest cryptocurrency in the industry.

Third-party data shows that most metrics on the BNB Smart Chain have soared in recent months. For example, Nansen data shows the network had over 36 million active addresses, a 6.1% increase month-over-month.

The data also shows that the number of active transactions on the network jumped by 65% in the past 30 days, reaching 413.7 million.

Meanwhile, data by DeFi Llama data shows that the total value locked in the ecosystem rose to $12.52 billion, up sharply from the year-to-date low of under $5 billion. The biggest players in the ecosystem are PancakeSwap, Lista DAO, Venus, and Aster.

BSC’s growth has led to a significant increase in the fees generated by the network. Network fees rose by 117% over the past 30 days to $24.5 million.

The BNB price has also increased due to its deflationary nature, as token unlocks continue. The network will soon burn 1.4 million coins valued at over $2 billion. This is part of its strategy to reduce the number of coins in circulation from 139 million today to 100 million.

BNB Coin price technical analysis 

Binance Coin price chart | Source: crypto.news

The weekly chart shows that the BNB Coin price has surged in recent months. It has broken above key resistance levels at $1,000 and $791—the highest point since November last year.

The Binance Coin price has moved above all major moving averages. Additionally, the Average Directional Index (ADX) and the Average True Range (ATR) indicators have continued to rise.

Therefore, the token will likely continue its upward trend as bulls target the key resistance level at $1,500. However, a move below the psychological level of $1,000 would invalidate the bullish outlook.



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XRP ETFs Approval Countdown Continues With Key Clarification Made
NFT Gaming

XRP ETFs Approval Countdown Continues With Key Clarification Made

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  • Key clarification made
  • When XRP ETFs?

XRP ETFs countdown remains on for October, with the SEC expected to reveal its decision on six ETF applications.

This week saw a government shutdown as U.S. lawmakers failed to strike a deal on federal funding. As a result, the SEC missed a few deadlines on spot ETF decisions, prompting speculation on what comes next in the markets.

The SEC is expected to rule on Grayscale XRP ETF (Oct. 18), 21Shares core XRP Trust ETF (Oct. 19), Bitwise XRP ETF (Oct. 22), Canary Capital XRP ETF (Oct. 23), WisdomTree XRP ETF (Oct. 24) and CoinShares XRP ETF (Oct. 23).

The last government shutdown in late 2018 lasted 35 days, the longest in history. Given this, it is difficult to say for how long the current shutdown might last, prompting speculation in the XRP community on the implications if the XRP ETF deadlines were missed by the SEC.

Key clarification made

Crypto reporter Eleanor Terrett responded to a tweet by XRP enthusiast Chad Steingraber, who cited that the Teucrium XRP ETF was not approved by the SEC directly. This is because the deadline was reached and the SEC didn’t “approve or deny” the listing, adding that it was automatically allowed and that the SEC’s silence indicated compliance.

Adding some context here for those asking if this applies to all ETFs, including the spots.

The short answer is no. The Teucrium $XRP ETF holds Treasuries, cash, and swap receivables, so it was registered under the 40 Act, meaning the @SECGov didn’t need to actively approve it,… https://t.co/H8EiXVcOHp

— Eleanor Terrett (@EleanorTerrett) October 3, 2025

Terrett added context on whether the instance of the Teucrium XRP ETF applies to all ETFs, including the spot ETF applications, to which she answered “no.”

The Teucrium XRP ETF, according to Terrett, holds treasuries, cash and swap receivables, so it was registered under the 40 Act, meaning the SEC didn’t need to actively approve it, but just to let it go effective.

When XRP ETFs?

Terrett noted that the SEC also generally lets futures ETFs go effective once the statutory period passes, rather than requiring a new, active approval each time.

Spot ETFs, though, are registered under the 33 Act as commodity trusts and do require explicit SEC approval before launching, Terrett added.

In this light, Terrett speculates that any new spot crypto ETFs, including that of XRP, might not begin trading until the SEC can declare the S‑1s effective, likely after the government shutdown is over and the agency has returned to operating at full capacity.





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Congress let a key cybersecurity law expire this week, leaving US networks more vulnerable

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There’s a long list of reasons US stability is now teetering between “Fyre Festival” and “Charlie Sheen’s ‘Tiger Blood’ era.” Now you can add cybersecurity to the tally. A crucial cyber defense law, the Cybersecurity Information Sharing Act of 2015 (CISA 2015), has lapsed. With the government out of commission, the nation’s computer networks are more exposed for… who knows how long. Welcome to 2025, baby.

CISA 2015 promotes the sharing of cyber threat information between the private and public sectors. It includes legal protections for companies that might otherwise hesitate to share that data. The law promotes “cyber threat information sharing with industry and government partners within a secure policy and legal framework,” a coalition of industry groups wrote in a letter to Congress last week.

As Cybersecurity Dive explains, CISA 2015 shields companies from antitrust liability, regulatory enforcement, private lawsuits and FOIA disclosures. Without it, sharing gets more complicated. “There will just be many more lawyers involved, and it will all go slower, particularly new sharing agreements,” Ari Schwartz, cybersecurity director at the law firm Venable, told the publication. That could make it easier for adversaries like Russia and China to conduct cyberattacks.

Senator Rand Paul (R-KY)

(Kevin Dietsch via Getty Images)

Before the shutdown, there was support for renewal from the private sector, the Trump administration and bipartisan members of Congress. One of the biggest roadblocks was Sen. Rand Paul (R-KY), chairman of the Senate Homeland Security Committee. He objected to reauthorizing the law without changes to some of his pet issues. Notably, he wanted to add language that would neuter the ability to combat misinformation and disinformation. He canceled his planned revision of the bill after a backlash from his peers. The committee then failed to approve any version before the expiration date.

Meanwhile, House Republicans included a short-term CISA 2015 renewal in its government funding bill. But Democrats, whose support the GOP needs, wouldn’t support the Continuing Resolution for other reasons. They want Affordable Care Act premium tax credits extended beyond their scheduled expiration at the end of the year. Without an extension, Americans’ already spiking health insurance premiums will continue to skyrocket.

In its letter to Congress last week, the industry coalition warned that the expiration of CISA 2015 would lead to “a more complex and dangerous” security landscape. “Sharing information about cyber threats and incidents makes it harder for attackers because defenders learn what to watch for and prioritize,” the group wrote. “As a result, attackers must invest more in new tools or target different victims.”



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XRP to $3.60: Triangle Pattern Breakout Is Key
GameFi Guides

XRP to $3.60: Triangle Pattern Breakout Is Key

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The XRP price is reaching a key technical point, and the charts are showing that a breakout from the triangle pattern could push the price up to $3.60. Analyst Ali Martinez highlighted the setup, noting that the descending resistance line compressing XRP since August is now within reach.

The token is trading at $2.98, up from September’s $2.71 low. For the past two months, the price has been following two clear boundaries: a descending upper trendline and horizontal support in the $2.70-$2.80 range. That has led to the classic conditions for a triangle breakout.

If XRP can get past the resistance, it looks like it could reach about $3.60. This level also lines up with the 0.236 Fibonacci extension zone, which makes it the next major test. If it goes above $3.60, the chart opens up toward $3.85–$4.00 per XRP, which is the consolidation zone from early summer.

Worst case scenario

Failure to clear resistance could lead to a rejection and a return to the lower boundary at $2.70. Losing that support would invalidate the bullish structure and expose downside targets at $2.50 and $2.30.

Things are looking up for XRP in October, which is usually a strong month for the altcoin. Volatility is compressing, so the breakout direction will likely dictate short-term sentiment. If it moves through the $3.10-$3.20 resistance, that will be the first sign that the $3.60 goal is in play.

The next leg of the price action will depend on the bullish project XRP confirms or stalls.



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Exchange Review August
GameFi Guides

BNB Climbs 3.5% as Fed Rate Cut Bets Fuel Rally Past Key Resistance

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BNB rallied more than 3.5% in the last 24 hours, tracking broader gains across the crypto market as expectations of a Federal Reserve rate cut firmed.

The token rose from a session low of $1,017.44 to more than $1,050, marking a breakout above key resistance levels in the session. The rise comes on the back of an unexpected drop in U.S. private payrolls that adds to a growing list of signals that the Fed may begin easing monetary policy sooner than expected.

With official jobs data paused due to the ongoing U.S. government shutdown, traders have leaned heavily on the weak ADP report, which showed a 32,000 job loss in September against expectations for a gain. Derivatives markets now price in near certainty of a 25 basis point cut later this month.

BNB’s price action mirrored that sentiment shift. After dipping mid-session, the token bounced off the $1,020 support level and climbed steadily into the close, driven by volume that exceeded the 24-hour average, according to CoinDesk Research’s technical analysis data model.

Traders pushed BNB through the $1,035 resistance in the rally, which saw the broader crypto market move up 2.25%, as measured by the CoinDesk 20 (CD20) index.

BNB’s outperformance of the wider market reflects token-specific catalysts. Earlier this week, BNB Chain reduced its minimum gas fee to 0.05 Gwei, making the network one of the cheapest among major blockchains.

Meanwhile, Kazakhstan’s state-backed Alem Crypto Fund named BNB as its first investment asset. The fund’s goal is to build long-term reserves of digital assets and signals rising adoption at the sovereign level.

BNB also weathered a brief security incident during the session when the BNB Chain’s X account was compromised. Hackers made off with about $13,000 before the issue was resolved and the community rallied behind it.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Exchange Review August
NFT Gaming

olana ($SOL), Memecoin, and Pump.fun ($PUMP) News: Galaxy Digital’s Key Findings

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Memecoins, once dismissed as little more than internet jokes, have cemented themselves as a permanent fixture of the crypto economy, according to new research from Galaxy Digital.

In a report published Wednesday, research analyst Will Owens argues that the sector has matured into a cultural and economic force in its own right. Galaxy estimates digital assets tied to memes now represent a meaningful share of trading activity and investor interest, extending well beyond Dogecoin and Shiba Inu.

A cultural and trading phenomenon

Owens wrote that memecoins “capture attention and capital” by blending humor with financial speculation, making them uniquely effective at onboarding new participants into crypto.

Galaxy’s research cites the growing number of users interacting with memecoins not only as traders but also as community members who build narratives, memes and digital identities around the tokens.

On the trading side, Owens notes that memecoins consistently generate some of the highest liquidity and fee volumes in the industry, rivaling mainstream assets. Their volatility, he added, has turned them into a reliable revenue source for exchanges and liquidity providers.

Pump.fun and infrastructure shifts

One of the most striking developments highlighted in the report is the rise of Pump.fun, a Solana-based platform that lets anyone launch a memecoin in minutes. Galaxy said the service has turbocharged activity in 2025, creating thousands of new tokens and contributing to record-high fee generation on Solana.

While many of these tokens fade quickly, Owens argued the platform illustrates how memecoins are reshaping crypto’s infrastructure. He believes that by driving experimentation in token issuance, liquidity bootstrapping and trading mechanics, memecoins are helping to pressure-test blockchain ecosystems at scale.

Long-term implications

The report cautioned that most memecoins remain speculative and short-lived, but said the broader trend is undeniable: the sector is no longer a passing fad. “Memecoins are here to stay,” Owens wrote, emphasizing their ability to sustain user engagement and influence protocol economics across multiple chains.

Galaxy concludes that memecoins have moved beyond being a market sideshow, evolving into a structural component of crypto culture, trading and infrastructure.



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Bitcoin Price to $150,000? These 5 Metrics Might Be Key to Watch
GameFi Guides

Bitcoin Price to $150,000? These 5 Metrics Might Be Key to Watch

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The Bitcoin (BTC) price plunged from $115,000 to $108,000 last week in a bearish move that stunned investors. However, the flagship coin is on a rebound move, climbing by over 0.60% in the last 24 hours. CryptoQuant, a crypto analytics platform, has highlighted five key metrics to watch for a bullish rally to $150,000.

Bitcoin trigger metrics to watch

According to CryptoQuant, broader market sentiments suggest that Bitcoin, which is currently moving sideways, might be consolidating for a sharp upward move. Notably, 10 billion Tether (USDT) have been minted by the stablecoin entity in the last 60 days.

This is a bullish signal as fresh USDT means more liquidity entering the market for the likely purchase of Bitcoin and other crypto assets.

Another bullish indicator is the stablecoin supply ratio (SSR), which showcases purchasing territory. For clarity, SSR compares Bitcoin’s market capitalization to the supply of stablecoins. When the SSR is low, it suggests that there is more stablecoin “buying power.” With market conditions indicating oversold conditions, it favors Bitcoin buying pressure.

Stablecoin Supply Ratio RSI Signals Buy 🔍

The Stablecoin Supply Ratio (SSR) RSI is at 21, and is ‘buy’ territory. The Stablecoin Supply Ratio (SSR) measures the buying power of stablecoins relative to Bitcoin.

It’s calculated by dividing Bitcoin’s market cap by the market cap… pic.twitter.com/ZXV9UE7p5y

— CryptoQuant.com (@cryptoquant_com) September 30, 2025

Additionally, long-term accumulators of Bitcoin have been busy. These are wallets that buy the asset and never sell, like Strategy Inc. These investors, who are stacking the digital asset, have stacked 298,000 BTC, which indicates a bullish pattern.

The increase in accumulation by these sets of investors signals that they are positive about the coin climbing higher in the market.

As of press time, Bitcoin is changing hands at $112,958.16, which represents a 0.84% increase in the last 24 hours. The coin earlier hit a peak of $114,836.62 before the slip as a result of market volatility. However, the movement suggests potential for Bitcoin to set a new price record in the coming days.

The coin, supported by rising trading volume, could soar toward the $150,000 price target. Volume has spiked by 29.08% to $62.08 billion within this time frame.

Breaking key resistance could open path to $150K

Meanwhile, CryptoQuant analysis projects that once Bitcoin is able to break out of the current price range, it will ease sell pressure. This pressure is coming from short-term holders who recently purchased BTC at around $109,775. 

Furthermore, the market is anticipating a flip in the declining inter-exchange flow. Once this happens and it flips upward, new bullish momentum could trigger a spike in price toward the much anticipated price target.





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Cardano price at risk of a deeper dive as key DeFi metrics crash
GameFi Guides

Cardano price at risk of a deeper dive as key DeFi metrics crash

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Cardano price has plunged into a bear market by over 24% from the year-to-date high; technicals in the DeFi industry point to more downside.

Summary

  • Cardano price has formed a head-and-shoulders and a rising wedge pattern on the daily chart.
  • The total value locked in its DeFi ecosystem has plunged in the past few weeks.
  • It is not benefiting from the GENIUS Act as the stablecoin supply has crashed.

Cardano (ADA) token dropped to $0.7736, its lowest level since Aug. 12, mirroring the performance of most altcoins like Ethereum and Solana.

One of the key fundamental reasons for the plunge is the Cardano’s decentralized finance ecosystem has underperformed its peer chains. The total value locked has plunged to $320 million, its lowest level in months and much lower than the year-to-date high of $680 million.

Cardano has not had any major new DeFi applications in its ecosystem this year. The biggest names in its ecosystem are platforms like Liqwid, Minswap, and Indigo.

Meanwhile, Cardano is not benefiting from the recently passed GENIUS Act as the total stablecoin supply in its network has dropped by 4.4% in the last seven days to $37 million. This supply is much smaller than other newer blockchains like Unichain, Linea, and Plasma.

Cardano’s decentralized exchange ecosystem has also gone quiet, with the volume continuing to falling. These DEX networks handled just $1.4 million in the last 24 hours.

Additionally, there are signs of little institutional demand for Cardano as only Grayscale has filed for a spot ADA ETF. In contrast, coins like Solana (SOL) and Ripple (XRP) have attracted at least 7 applications.

Cardano price technical analysis

ADA price chart | Source: crypto.new

A technical analysis suggests further downside for the Cardano price in the coming weeks. It has formed a rising wedge pattern on the daily chart. A closer look reveals that it has already moved below the lower side of this pattern, indicating further downside.

Cardano price has also formed a head-and-shoulders pattern and has already crashed below the neckline.

ADA price has plunged below the 50-day and 100-day Exponential Moving Averages, a sign that bears have prevailed.

The Average Directional Index has moved to 22, indicating that the downtrend is intensifying.

Therefore, these patterns suggest a potential downside, potentially reaching the June low of $0.5095, which is approximately 35% below the current level.



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Solmate launches with $300m to establish Solana treasury in UAE
NFT Gaming

Solana wipes out billions, key catalysts hint at rebound

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Solana crashed to a vital support level last week as sentiment in the crypto worsened and liquidations jumped.

Summary

  • Solana has wiped out billions in value this month, with over $400 million in bullish positions liquidated as investors pull back.
  • Still, inflows into the new REX-Osprey SOL + Staking ETF and the upcoming Alpenglow network upgrade offer potential catalysts for a rebound, setting the stage for a possible retest of $250 if the token can hold key support levels.

SOL crashes as liquidations jump

Solana (SOL) token plummeted to a low of $192, down by 20% from its highest level this month, erasing billions of dollars in value.

CoinGlass data shows that Solana bulls suffered substantial liquidations during this crash. Most of these liquidations occurred last Monday, when they jumped to over $250 million.

Solana positions worth $82 million were liquidated on Friday, bringing the cumulative weekly figure to over $400 million. Liquidations of bullish trades are a bearish catalyst because it means that exchanges are shutting down bullish positions.

The surge in liquidations coincided with the substantial decline in the futures open interest. Data shows that the open interest dropped to $13.4 billion on Sunday, down from the monthly high of $17.1 billion. Falling open interest is a sign that investors are staying in the sidelines during this crash.

Still, Solana has some bullish catalysts that may drive it higher in the coming weeks. The first one is the recently launched REX-Osprey SOL + Staking ETF (SSK), which continues to experience inflows, a sign of robust demand. It now holds about $301 million in assets, making it one of the biggest altcoin ETFs.

In line with this, Solana will benefit when the Securities and Exchange Commission approves the multiple spot SOL ETFs that companies like Canary and Grayscale have filed. SSK’s performance is a sign that investors are still interested in the coin.

Additionally, Solana’s Alpenglow upgrade is scheduled for release in the coming months, which may enhance its performance. This upgrade will introduce new features in the network, including faster speeds and a transition from the proof-of-authority architecture to proof-of-staking.

Solana price technical analysis 

SOL price chart | Source: crypto.news

The daily timeframe chart shows that the Solana price crashed and bottomed at $191 last week. This was a significant level as it coincided with the bottom of the trading range of the Murrey Math Lines and the 38.2% Fibonacci Retracement level. 

The decline also coincided with the 100-day Exponential Moving Average. Therefore, it is likely that the SOL price will bounce back and possibly retest the psychological level at $250. Such a move would imply a 26% upside from the current level.

A drop below the ascending trendline that links the lowest swings since June will invalidate the bullish Solana price forecast.



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