Category: finance

FLOKI Token Becomes First BNB Chain Project with ETP Listing in Europe

**FLOKI ETP Now Available in Europe, Offering Regulated Exposure to the Meme Coin**

In a significant milestone for the cryptocurrency sector, FLOKI, the popular meme token, has launched its first-ever exchange-traded product (ETP) in Europe. The product was listed on Sweden’s Spotlight Stock Market in late September 2025, making FLOKI the first BNB Chain token—other than BNB itself—to secure an ETP listing on a European regulated exchange.

The introduction of the FLOKI ETP marks a turning point for meme coins by providing both institutional and retail investors a regulated way to gain exposure to the token. Designed to track the price performance of FLOKI, the ETP enables investors to participate without the need to directly hold or manage the cryptocurrency. This development is considered a key step toward mainstreaming digital assets within traditional finance systems.

### Growing Institutional Appeal for FLOKI

The launch of the FLOKI ETP is part of a broader initiative to bring meme coins into the institutional spotlight. Amid increasing regulatory scrutiny over digital assets, FLOKI’s transition from a purely speculative asset into a regulated financial product highlights growing institutional interest in the meme coin market.

Valour, the digital asset arm of DeFi Technologies, played an instrumental role in launching the product. This ETP joins Valour’s expanding suite of digital asset offerings in Europe, which already includes major cryptocurrencies like IOTA, Optimism, and The Graph. FLOKI’s listing aligns with Valour’s mission to provide investors access to digital assets through familiar financial instruments.

### Timing and Significance of FLOKI’s ETP Launch

FLOKI’s entry into regulated markets coincides with heightened institutional interest not only in meme coins but in the cryptocurrency space as a whole. The meme coin sector has experienced substantial growth throughout 2024, with tokens like Dogecoin increasingly drawing attention from both retail and institutional investors.

The FLOKI ETP signals a new phase for meme coins, promoting legitimacy and wider adoption. Because ongoing regulatory acceptance is critical for the long-term survival of meme tokens, this regulated product offers a fresh pathway for capital inflow into the meme coin ecosystem. This could stimulate further development in sectors such as gaming, education, and digital collectibles.

This move echoes earlier developments by popular tokens like Dogecoin, which have also ventured toward regulated financial products.

### The Rise of Crypto ETPs in Traditional Finance

The approval and launch of FLOKI’s ETP in Europe align with a broader trend embracing cryptocurrency-related financial products in traditional finance markets. For instance, in September 2025, the U.S. Securities and Exchange Commission (SEC) approved Grayscale’s Digital Large Cap Fund (GLDC)—the first multi-asset cryptocurrency ETP in the United States.

The GLDC provides exposure to five of the largest cryptocurrencies, including Bitcoin, Ethereum, XRP, Solana, and Cardano, marking a significant development in the adoption of crypto financial products.

Such approvals reflect an evolving view of cryptocurrencies as legitimate asset classes. By enabling exposure to digital assets through familiar investment vehicles like ETPs, these products facilitate broader institutional participation and promote the integration of cryptocurrencies into mainstream finance.

### Looking Ahead

As meme tokens like FLOKI gain traction in regulated markets, the future of cryptocurrency-based financial products appears promising. The FLOKI ETP not only substantiates the growing legitimacy of meme coins but also opens the door to their expanded use and acceptance across global markets.

With increasing adoption, institutional interest, and regulatory approvals, crypto ETPs are set to play a more prominent role in the investment landscape, blending digital innovation with traditional financial structures.
https://coincentral.com/floki-token-becomes-first-bnb-chain-project-with-etp-listing-in-europe/

Ether.fi price hits 8-month high amid 25% spike

Ether.fi Price Surges 25% to Eight-Month High Amid Broader Crypto Rally

Ether.fi (ETHFI), the native token of the decentralized and non-custodial Ethereum staking protocol, experienced a significant price surge, rising over 25% within 24 hours to reach an eight-month high of $1.79. This marks a sharp uptick from previous levels and represents prices last seen in January 2025.

The notable pump coincided with a substantial increase in trading volume, which soared by 123% to more than $225 million. With these double-digit gains, ETHFI emerged as one of the top performers among the 100 largest cryptocurrencies by market capitalization, consolidating its position after breaking above the $1.40 resistance level.

Ether.fi Price Rally Follows Ethereum’s Surge to $4,500

This breakout mirrors the broader crypto market momentum, where Bitcoin (BTC) recently shrugged off concerns surrounding the United States government shutdown to break past the $120,000 resistance mark. Ethereum (ETH) also reclaimed the $4,500 level, bolstering several top Ethereum-based projects, including Ether.fi, Ethena, and EigenLayer.

Amid heightened volatility among major altcoins, ETHFI appears poised for a potential retest of the $2.00 mark, signaling strong bullish sentiment.

Recent Developments Fueling Momentum

Several recent developments have contributed to Ether.fi’s rally. Notably, Ether.fi’s integration with crypto platform FalconX and its listing on Upbit have provided additional catalysts for growth.

FalconX, a leading digital assets prime brokerage, recently partnered with Ether.fi to support eETH, a liquid Ethereum restaking token. eETH is now accessible across FalconX’s spot, derivatives, and custody solutions, enabling institutional clients to access over-the-counter liquidity for this innovative token.

Joshua Lim, Global Co-Head of Markets at FalconX, commented on the integration: “By supporting eETH across our platform, we’re enabling clients to engage with one of the fastest-growing restaking protocols in ways that fit seamlessly into their existing strategies.”

Ether.fi’s Total Value Locked Surpasses $11 Billion

The protocol’s total value locked (TVL) currently stands at over $11.26 billion, underscoring its growing prominence within the decentralized finance (DeFi) ecosystem.

As Ether.fi continues to build momentum alongside the broader Ethereum ecosystem, market participants will be closely watching its price action and adoption trends in the coming weeks.
https://crypto.news/ether-fi-price-hits-8-month-high-amid-25-spike/

$58,000 A Year Is How Much An Hour? Best Tips To Maximize Your Earnings

**How Much Will I Earn in an Hour? Understanding a $58,000 Yearly Salary**

You might have asked yourself this question after seeing a job posting: *How much will I earn hourly?* You may also wonder how this translates to daily, weekly, biweekly, or monthly earnings. Understanding these figures can help you plan your financial life smartly, especially if you are paid based on hours worked or need to manage overtime.

In this article, we’ll break down how much a $58,000 yearly salary is worth across various pay periods, outline typical tax deductions, and share useful tips on living comfortably on this income. Let’s get started!

—

### $58,000 a Year Is How Much an Hour?

A $58,000 annual income translates to about **$27.88 or $28 per hour**.

Here’s how we calculate this:
– A standard workweek involves 40 hours (5 days × 8 hours/day)
– There are 52 workweeks in a year

**Total working hours in a year:**
40 hours/week × 52 weeks = **2,080 hours**

Now, divide the yearly salary by total working hours:
$58,000 ÷ 2,080 = **$27.88/hour**

If you work part-time, say 4 hours a day (half the time of a full-time schedule), your yearly pay would be halved to $29,000. You would then work about 1,040 hours yearly (4 hours/day × 5 days/week × 52 weeks). Even in this case, your hourly wage remains the same:

$29,000 ÷ 1,040 = **$27.88/hour**

—

### $58,000 a Year Is How Much After Taxes?

On a $58,000 yearly salary, you can expect to take home between **$45,138 and $48,035 after taxes**, depending on factors like:
– State of residence
– Civil status
– Federal and state tax brackets
– Other government deductions (Social Security, Medicare)

Example:
– In **California** (highest state tax), $58,000 gross becomes about $45,138 after taxes.
– In **Texas** (no state income tax), total taxes are around $9,965, leaving a net income of about $48,035.

For part-time workers earning $29,000 gross:
– California taxes approximately $4,742 → net income $24,258
– Texas taxes approximately $3,939 → net income $25,061

—

### $58,000 a Year Is How Much per Month?

A $58,000 annual salary gives you a **gross monthly income of about $4,833**:

$58,000 ÷ 12 months = **$4,833.33/month**

After taxes:
– California residents take home about **$3,761/month** (taxes approx. $1,072)
– Texas residents take home about **$4,003/month** (taxes approx. $830)

Part-time monthly gross pay would be approximately $2,416.50, with after-tax income around:
– California: $2,021
– Texas: $2,088

—

### $58,000 a Year Is How Much per Week?

Your weekly gross income on a $58,000 salary is:
$58,000 ÷ 52 weeks = **$1,115.38/week**

After taxes:
– California net weekly income: about **$868** (taxes $247)
– Texas net weekly income: about **$923** (taxes $192)

For part-time workers, weekly gross pay is roughly $558, with net income:
– California: $467
– Texas: $482

—

### $58,000 a Year Is How Much Biweekly?

Calculate biweekly pay by multiplying weekly pay by two:
$1,115 × 2 = **$2,230 biweekly gross**

After taxes for full-time:
– California take-home: approx. $1,736 (taxes $494)
– Texas take-home: approx. $1,847 (taxes $383)

Part-time biweekly gross is $1,115, with net pay:
– California: $868
– Texas: $923

—

### $58,000 a Year Is How Much per Day?

Based on the hourly rate of $28:
$28/hour × 8 hours/day = **$224 gross daily income**

After tax deductions:
– California: about $174 net per day (taxes ~$50)
– Texas: about $185 net per day (taxes ~$39)

For part-time working 4 hours/day ($112 gross):
– California net daily pay: $94 (taxes $18)
– Texas net daily pay: $97 (taxes $15)

—

### Tips for Living on $58,000 a Year

1. **Saving**
Aim to save 10%-15% of your salary monthly (about $483). This builds an emergency fund. Consider cashback apps like Rakuten, MyPoints, or Fetch Rewards to maximize savings.

2. **Investing**
Put 10%-15% of your income into stocks, real estate crowdfunding, peer-to-peer lending, or other investments. Platforms like M1 Finance, EstateGuru, and Mintos are good starting points.

3. **Avoiding Debt**
Avoid high-interest loans and borrowing whenever possible. Debt can quickly erode your earnings.

4. **Budgeting**
Create and stick to a budget. Allocate portions of your income toward essentials, savings, and entertainment to maintain control over spending.

5. **Cutting Expenses**
Ensure monthly expenses are covered before spending on entertainment or subscriptions. Consider using apps like Trim to manage subscriptions and save on bills.

6. **Engaging in Side Hustles**
Supplement your income with online surveys (Swagbucks, InboxDollars, Survey Junkie), pet sitting (Rover), freelancing (Fiverr, Upwork), selling items online, data entry, gaming, or gig economy jobs like DoorDash and Instacart.

—

### What Jobs Pay $58,000 a Year?

Several jobs offer around $58,000 annually, including:
– Real Estate Investment Trust Acquisition Analyst ($52,000 – $69,000)
– Copy Editor ($46,000 – $62,000)
– Restaurant Manager ($46,391 – $67,997)
– Dining Room Manager (~$58,980)
– Commercial Sales Consultant ($54,425 – $77,423)
– Social Media Digital Manager ($55,117 – $71,177)
– Internet and Floor Sales Associate (~$60,000)

Some roles may require experience to reach this salary level.

—

### Is $58,000 a Year a Good Salary?

Yes, $58,000 is considered a good salary, especially in states with tax rates between 15%-20% or lower. It supports living alone comfortably. However, raising a family on this income can be challenging, requiring careful budgeting and expense management.

—

### Can You Live on $58,000 a Year?

You can live on $58,000 per year, but lifestyle depends greatly on your location. Living expenses and taxes in high-cost states like New York or Washington may consume much of your income. Follow the tips above to optimize your finances.

—

### Frequently Asked Questions

**$58,000 a Year Is How Much an Hour?**
Approximately $28 per hour for full-time work.

**How Much Will I Take Home if I Earn $58,000?**
After average taxes (~25%), about $43,500 net income.

**What Is the Tax on $58,000 a Year?**
Varies by state. For example:
– New York: ~$13,040
– New Mexico: ~$12,218
– Texas (no state income tax): ~$9,965

**Is $58,000 a Year Considered Middle Class?**
Yes, according to Pew Research Center, middle-class income ranges from $46,000 to $126,000.

—

### Conclusion

Earning $58,000 per year (or about $28 per hour) allows for a comfortable lifestyle if you are mindful of taxes, living costs, and expenses. Living in states with low or no income tax will stretch your salary further.

By budgeting wisely, saving consistently, investing, and exploring additional income streams, you can maximize this salary and achieve your financial goals.

Take the first step today to better manage your income and secure your financial future!

—

**Related Articles:**
– Understanding Income in Different Pay Periods
– How to Budget on a Variable Income
– Maximizing Your Earnings Through Side Hustles
https://radicalfire.com/58000-a-year-is-how-much-an-hour/

Market Outlook: Technical Call of The Day & Top 5 Stocks In Focus For October 3

Nifty index opened on a flattish note around the 24,620 zone, with bulls taking charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles at 24,750-24,800, eventually forming a large bullish candle on the daily chart.

This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an up move towards 25,000, followed by 25,100 levels. On the downside, support is shifting higher to 24,750 and then 24,600.

**Option Front Analysis:**
– Maximum Call Open Interest (OI) is at 25,000 and 24,900 strikes
– Maximum Put OI is at 24,600 and 24,700 strikes
– Call writing observed at 24,950 and 25,000 strikes
– Put writing noted at 24,700 and 24,600 strikes

Option data suggests a broader trading range between 24,300 to 25,300, with an immediate range between 24,600 and 25,100.

—

S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.

The index comfortably crossed and sustained above key hurdles at 80,500 and 81,000, forming a large bullish candle on the daily chart. This rebound negated the sequence of lower highs and lower lows that had persisted recently. Sensex closed the day with robust gains of nearly 700 points.

The index now needs to hold above the 80,600 zone for an upward move towards 81,200 and then 81,500 levels. On the downside, support is rising to 80,600 and then 80,300.

—

**Bank Nifty** opened flat but witnessed strong buying momentum after the RBI monetary policy outcome, extending gains toward the 55,400 zone late in the session. It formed a large bullish candle on the daily scale, with strong buying seen across private banks.

The Bank Nifty closed near 55,350 with decent gains of around 700 points. This rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is relatively outperforming the broader market.

Key levels to watch:
– Support at 55,000 and 54,750
– Upside targets at 55,750 and 56,000

—

**Nifty Futures:**
Nifty futures closed positive with gains of 0.83% at 24,982 levels.

Positive setups were seen in stocks like Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC.

Weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.

—

### SWSOLAR – Technical Call of the Day

The stock has been trading sideways since early August and witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line on the chart.

In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts, reflecting a strong bounce back from oversold zones. With a healthy order book, the risk-reward ratio looks favorable for SWSOLAR.

**Recommendation:**
– Buy SWSOLAR
– Current Market Price (CMP): 244.95
– Stop Loss (SL): 223.25
– Target (TGT): 270.70

—

### Top 5 Stocks to Watch Out for on 3rd October 2025

**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar, featuring 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing will expand the company’s leisure portfolio in Uttarakhand, where they already have 8 operational and 9 upcoming properties.

**KRBL:**
KRBL has been declared the successful bidder in an e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for immovable properties situated in Panipat, Haryana. The reserve price was Rs 104 crore, while KRBL’s final bid stood at Rs 402 crore. The acquisition aims at setting up a plant, warehousing, allied activities, or partial monetization of land.

**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary Sentynl Therapeutics, Inc. has received a Complete Response Letter (CRL) from the USFDA regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL mainly requests clarification on CGMP inspection of Zydus’ manufacturing site. No safety or efficacy issues were raised. The company has submitted compliance responses and is awaiting further updates while planning to meet the USFDA for resubmission discussions.

**Unimech Aerospace:**
In its business update for Q2 FY26, Unimech Aerospace reported a revenue slowdown, with Q2 expected to be marginally lower than Q1 due to US tariffs impacting export realizations. Customers are delaying order pickups while monitoring tariff developments, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.

**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, matching estimates. Exports surged 52% YoY to 42,204 units, hitting a record, while domestic sales fell 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri, and daily bookings up 50% after recent price cuts. Exports in H1 FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.

—

*Image Credits: [File Image]*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3

Market Outlook: Technical Call of The Day & Top 5 Stocks In Focus For October 3

Nifty index opened on a flattish note around the 24,620 zone, but the bulls took charge right from the opening tick, maintaining momentum throughout the session. Supported by the RBI policy outcome, a wave of short covering further fueled the rally, enabling the index to break its nine-day losing streak. Nifty smoothly crossed and held above key hurdles of 24,750-24,800, eventually forming a large bullish candle on the daily chart.

This move negated the sequence of lower highs and lower lows seen over the past nine sessions, with the index closing the day with strong gains of 225 points. Now, it needs to hold above the 24,750 zone for an upward move towards 25,000, then 25,100 zones. On the downside, support is shifting higher to 24,750, then 24,600 levels.

**Option Front**
Maximum Call Open Interest (OI) is seen at 25,000 followed by 24,900 strike, while Maximum Put OI is at 24,600 and 24,700 strike. Call writing is observed at 24,950 and 25,000 strikes, whereas Put writing is seen at 24,700 and 24,600 strikes. Option data suggests a broader trading range between 24,300 and 25,300 zones, with an immediate range between 24,600 and 25,100 levels.

—

S&P BSE Sensex opened on a steady note around the 81,170 zone. Bulls awakened early and seized control from the start, keeping momentum strong throughout the session. The RBI policy announcement acted as a trigger for short covering, propelling the rally and ending the recent losing streak.

The index comfortably crossed and sustained above critical hurdles of 80,500 and 81,000, eventually forming a large bullish candle on the daily chart. This rebound negated the recent sequence of lower highs and lower lows, with Sensex closing robustly, up nearly 700 points.

Going forward, it must hold above the 80,600 zone to target 81,200 and then 81,500 levels. Support is shifting higher at 80,600 and 80,300 levels on the downside.

—

Bank Nifty opened on a flattish note but witnessed strong buying momentum following the RBI monetary policy outcome. The index extended momentum toward the 55,400 zone later in the session. It formed a large bullish candle on the daily scale, driven by strong buying across private banks, and closed with decent gains of around 700 points near 55,350.

The rate-sensitive index is now above its 50-day exponential moving average (DEMA) and is outperforming the broader market. It needs to hold above the 55,000 zone for an upward move toward 55,750 and then 56,000, with support seen at 55,000 and 54,750 levels on the downside.

—

**Nifty Futures**
Nifty futures closed positive with gains of 0.83% at 24,982 levels. Stocks showing a positive setup include Shriram Finance, Piramal Pharma, LTF, Nykaa, SRF, Sun Pharma, APL Apollo, GMR Airport, AB Capital, and ONGC. On the other hand, weakness was observed in Delhivery, Cummins India, AU Bank, Bajaj Auto, Tata Steel, Max Health, Infosys, Tata Elxsi, Petronet, and Ultratech Cement.

—

### SWSOLAR – Technical Call of the Day

SWSOLAR has been trading sideways since early August but witnessed a downward trajectory from the last week of September. However, it has respected its April lows and managed to close above those levels, as highlighted by the trend line in the chart.

In the past two sessions, volumes have picked up, supported by positive RSI divergence visible on daily charts. This reflects a strong bounce back from oversold zones. With a healthy order book, the risk-reward setup looks favorable for SWSOLAR.

**Trade Setup:**
**BUY** SWSOLAR
Current Market Price (CMP): 244.95
Stop Loss (SL): 223.25
Target (TGT): 270.70

—

### Top 5 Stocks to Watch Out For – 3rd Oct 2025

**Lemon Tree Hotels:**
Lemon Tree Hotels announced the signing of its latest property, Keys Select by Lemon Tree Hotels, Haridwar. The property features 52 well-appointed rooms, a restaurant, conference hall, and recreational facilities including a fitness center. This signing expands the company’s leisure portfolio in Uttarakhand, where they currently have 8 operational and 9 upcoming properties.

**KRBL:**
KRBL emerged as the successful bidder in the e-auction conducted by the Justice (Retd.) R.M. Lodha Committee for the sale of immovable properties situated in Panipat, Haryana. The total reserve price was Rs 104 crore, but KRBL made a final bid of Rs 402 crore. The acquisition aims to set up a plant, carry out warehousing and allied activities, or partially monetize the land.

**Zydus Lifesciences:**
Zydus Lifesciences’ wholly owned subsidiary, Sentynl Therapeutics, Inc., announced that the USFDA has issued a Complete Response Letter (CRL) regarding its New Drug Application (NDA) for copper histidinate (CUTX-101), intended to treat Menkes disease in pediatric patients. The CRL relates mainly to clarification on the CGMP inspection of Zydus’ manufacturing site. Zydus has submitted compliance responses and is awaiting the inspection report, with plans to meet the USFDA for resubmission discussions. Importantly, no safety or efficacy concerns were raised for the drug.

**Unimech Aerospace:**
The company shared its Q2FY26 business update, reporting a revenue slowdown with Q2 expected to be marginally lower than Q1. The decline is primarily due to U.S. tariffs impacting export realizations. Customers are delaying order pick-ups while monitoring the tariff situation, putting pressure on quarterly profits. Given these headwinds, achieving full-year FY26 revenue guidance may be challenging.

**Maruti Suzuki:**
Maruti Suzuki sold 1,89,665 units in September 2025, aligning with estimates. Exports hit a record 42,204 units, up 52% YoY, although domestic sales declined by 6.3%. Production rose 26% YoY to 2.01 lakh units, driven by strong passenger vehicle output. The company highlighted record festive demand, with 1,65,000 deliveries in the first eight days of Navratri and daily bookings up 50% following recent price cuts. Exports in H1FY26 crossed 2.1 lakh units, including over 6,000 EVs shipped in August–September.

—

*Images referenced in the original report are available in the file archive.*
https://www.freepressjournal.in/business/market-outlook-technical-call-of-the-day-top-5-stocks-in-focus-for-october-3

ED raids 6 Reliance Infrastructure-linked premises in Indore, Mumbai

**ED Raids 6 Reliance Infrastructure-Linked Premises in Indore and Mumbai**

*By Chanshimla Varah | Sep 30, 2025, 05:01 PM*

The Enforcement Directorate (ED) conducted raids at six locations connected to Anil Ambani’s Reliance Infrastructure in Mumbai and Indore on Tuesday. This move is part of an ongoing investigation into alleged illegal remittances under the Foreign Exchange Management Act (FEMA).

### Investigation into Alleged Diversion of Loans

The ED’s probe focuses on several companies within the Ambani business empire, particularly Reliance Infrastructure. The company is accused of diverting loans worth over ₹17,000 crore. According to findings from a Securities and Exchange Board of India (SEBI) report cited by the ED, Reliance Infrastructure allegedly routed funds to other entities within the Reliance Group through inter-corporate deposits (ICDs).

### Probe Expansion and Bank Summons

As the investigation intensifies, the ED has summoned 39 banks to provide explanations regarding their possible lapses in due diligence. The agency is examining whether these banks failed to flag suspicious loans or report irregularities to regulatory authorities when the borrowing entities began defaulting on repayments.

In August, the younger Ambani had appeared before the ED in connection with a money laundering probe related to multiple fraud cases involving several group companies.

### Reliance Group Denies Wrongdoing

The Reliance Group has denied any wrongdoing. In an official statement, the company described the allegation of diverting ₹10,000 crore to an undisclosed party as a decade-old matter, clarifying that its actual exposure was approximately ₹6,500 crore.

The statement further highlighted that through mandatory mediation proceedings conducted by a retired Supreme Court judge, and a mediation award filed before the Bombay High Court, Reliance Infrastructure has already settled to recover its full exposure of ₹6,500 crore.

—

This development marks a significant chapter in the ongoing scrutiny of financial dealings within one of India’s prominent business conglomerates. The investigation is expected to progress further in the coming weeks as the ED continues its probe.
https://www.newsbytesapp.com/news/business/ed-raids-6-reliance-infrastructure-linked-premises-in-indore-and-mumbai/story

Inside Solana’s breakout – Why THIS wedge matters more than you think

**Key Takeaways**

**What supports the Solana breakout case?**
Solana (SOL) held strong support at the $200 level, accompanied by $35.55 million in exchange outflows, signaling accumulation and strengthening breakout momentum.

**Where could volatility strike next?**
The Liquidation Heatmap shows clusters around $205 and $215—key levels likely to spark sharp swings in Solana’s price.

—

Solana (SOL) successfully defended its ascending support trendline, bouncing sharply near the $200 mark to reestablish a critical consolidation phase. This price action reflected notable strength as the market sought to recover from a corrective dip that previously dragged SOL below $210.

Buyers positioned along the wedge structure are eyeing upside targets at $260 and $300. However, failure to maintain momentum could drag SOL back down toward $190.

—

### Bullish Dominance Keeps Momentum Alive

Binance market positioning reveals that long accounts constitute 72.91%, while shorts account for just 27.09%. This skew reinforces a bullish bias. Such imbalances often fuel upside momentum but can also magnify risk.

A sharp reversal might trigger mass liquidations of overleveraged long positions. For now, speculative conviction continues to underpin Solana’s structure, but traders must remain cautious, as sentiment-driven extremes often precede volatile market swings.

—

### $35.55 Million Outflows Signal Accumulation

Exchange netflows at the time of writing recorded -$35.55 million, indicating accumulation as holders withdrew tokens from spot exchanges. Persistent outflows reduce sell pressure and support the bullish narrative.

These movements highlight growing conviction in Solana’s prospects, especially as inflows remain muted across most exchanges. Nevertheless, such tightening supply dynamics must be matched with consistent demand. Otherwise, price gains risk stagnating near critical resistance levels like $260 before a broader continuation unfolds.

—

### Liquidation Heatmap Warns of Danger Zones

The Liquidation Heatmap identifies liquidity clusters near $205 and $215, marking areas where leveraged traders could face liquidation triggers. These zones act as short-term magnets for price volatility and have the potential to accelerate swings once breached.

– A breakdown toward $200 could ignite rapid long liquidations.
– A push beyond $215 may trap shorts, fueling sharp upside moves.

Consequently, Solana’s near-term trajectory is likely to hinge on how these clusters interact with the ongoing wedge structure and trader positioning bias.

—

### Conclusion

Solana’s breakout consolidation above the wedge trendline, supported by bullish positioning and sustained outflows, reinforces a constructive setup. However, clustered liquidity around $205–$215 warns of potential volatility ahead.

If the $200 support level holds, SOL may aim for targets at $260 and $300. Conversely, a slip below $200 could flip momentum back toward sellers, triggering downside risk. Traders should monitor these key levels closely for actionable signals.
https://ambcrypto.com/inside-solanas-breakout-why-this-wedge-matters-more-than-you-think/

XRP Price Prediction: Buy Signals Flash Before a Potential 220% Breakout

**XRP Targets $10 Amid Technical and Institutional Signals, While MAGACOIN FINANCE Emerges as a Fastest-Growing Crypto Project of 2025**

XRP has spent the past several weeks consolidating below the $2.90 mark, holding relatively steady despite broader market volatility. Analysts are now pointing to technical and institutional catalysts that could fuel a dramatic move higher. Some chartists believe the token is preparing for a rally of more than 220%, potentially sending prices to nearly $10 if current conditions hold.

At the same time, retail excitement is flowing into new opportunities outside established tokens. MAGACOIN FINANCE has been flagged as one of the fastest-growing projects of 2025, thanks to its record-breaking raise of over $15 million.

—

### Technical Signals Point to Upside

Prominent trader Javon Marks sees XRP in the early stages of a bullish setup similar to past accumulation phases that preceded major rallies. Based on his chart analysis, the consolidation above $3 could be the base for a surge toward $9.90, representing gains of more than 220% from current levels. Marks further suggests that if momentum extends beyond the initial breakout, XRP could eventually target levels as high as $20—a price point not seen in its history.

Supporting this view, Ali Martinez, another widely followed analyst, has identified a fresh buy signal using the TD Sequential indicator, a technical tool designed to highlight trend reversals. Martinez argues that buyers appear to be regaining control after weeks of sideways movement and that XRP is gearing up to challenge resistance zones in the near term.

—

### Consolidation as the Calm Before the Storm

Despite brief dips from recent highs, XRP’s ability to maintain support above $3 has encouraged many analysts to frame this period as healthy consolidation. The market is closely watching whether bulls can push the token convincingly through resistance levels, which could act as the spark for the next leg upward.

Traders remain cautious but optimistic. With volume patterns aligning with historical breakouts, XRP’s price action suggests the next move could be substantial.

—

### Spotlight Turns to New Altcoin Opportunity: MAGACOIN FINANCE

While XRP sets the stage for a potential breakout, MAGACOIN FINANCE is dominating headlines in presale markets. The project has surpassed $15 million in funding, breaking records and attracting both retail buyers and large investors.

Security audits by HashEx and CertiK have boosted confidence further, placing the token in rare company among new launches. Analysts argue that MAGACOIN FINANCE offers something distinct during this bull run: a mix of explosive growth potential with audited credibility. If adoption continues at its current pace, it could emerge as one of the best-performing crypto assets of 2025.

For investors seeking both stability and high-upside plays, XRP and MAGACOIN FINANCE are increasingly seen as complementary opportunities.

—

### Institutional Backing Strengthens the XRP Case

Beyond technicals, XRP’s bullish case is reinforced by institutional momentum. The launch of the first U.S.-listed spot XRP ETF has given mainstream investors regulated exposure to the asset—a milestone that many see as a turning point in XRP’s maturity.

Meanwhile, tokenized investment funds built on the XRP Ledger are expanding the token’s role from payments infrastructure into broader on-chain finance. These developments position XRP not just as a bridge currency but as a foundational layer for capital markets.

Adding to this momentum, the CME Group has confirmed plans to roll out futures options tied to XRP and Solana, underscoring growing institutional demand for derivative products. Together, these moves highlight how deeply financial institutions are embedding XRP into their product pipelines.

—

### A Defining Phase for XRP

The convergence of bullish technical signals and expanding institutional adoption suggests XRP could be entering one of its most significant phases in years. If prices break through resistance convincingly, the path to $10 and beyond may open quickly, especially if ETF inflows accelerate.

For retail investors, the dual narrative is clear: XRP is evolving into an institutional-grade asset with breakout potential, while MAGACOIN FINANCE offers early-stage upside with a proven foundation of audits and record-breaking demand. Both stories reflect how this bull cycle is being shaped by a blend of established strength and rising stars.

—

### Conclusion

XRP’s technicals and institutional adoption point to a possible breakout rally of more than 220%, with analysts setting ambitious price targets near $10 and even $20 long-term. At the same time, MAGACOIN FINANCE is emerging as one of the fastest-growing projects of 2025, with its $15M+ presale and strong security credentials cementing its place as a retail favorite.

As the crypto market heads deeper into its bullish phase, investors are watching closely to see if these two very different opportunities can define the next wave of growth.

—

### Learn More About MAGACOIN FINANCE

– **Website:** [Access link here]
– **Twitter/X:** [Link here]
– **Telegram:** [Link here]

—

*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from use of or reliance on any content, goods, or services mentioned. Always do your own research.*

—

### About the Author

**Krasimir Rusev** is a reporter at Coindoo with many years of experience covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone following the dynamics of the crypto world.
https://coindoo.com/xrp-price-prediction-buy-signals-flash-before-a-potential-220-breakout/

Exit mobile version