Category: general

Ripple’s David Schwartz Update Triggers Massive Bullish Signals Amid XRP Whale Buying Spree ⋆ ZyCrypto

The XRP community is buzzing with excitement following a major announcement from Ripple’s Chief Technology Officer, David “JoelKatz” Schwartz. Schwartz revealed that he will be taking on a strategic advisor role with Evernorth, a newly formed investment vehicle focused on expanding XRP’s presence across decentralized finance (DeFi) and capital markets. This move could mark a significant turning point for XRP’s market trajectory.

Evernorth is led by former Ripple executive Asheesh Birla and aims to become the largest publicly traded XRP treasury on the Nasdaq under the ticker “XRPN.” The company recently confirmed plans to go public through a business combination with Armada Acquisition Corp II. This deal is expected to raise more than $1 billion in gross proceeds, providing Evernorth with both regulatory credibility and substantial financial resources to accumulate XRP and develop liquidity, lending, and yield infrastructure around the asset.

Schwartz’s involvement underscores Ripple’s deepening ties to Evernorth’s strategic vision and bolsters confidence in XRP’s institutional potential. Analysts widely interpret this announcement as a clear sign that Ripple is positioning XRP for mainstream capital market integration—potentially mirroring how MicroStrategy significantly boosted Bitcoin’s exposure in traditional finance.

Market momentum appears to be reflecting this optimism. Data from Santiment shows XRP climbed back above $2.50 after briefly dipping below $1.90 just ten days earlier. Despite widespread fear and uncertainty among retail traders, prices have surged, moving counter to crowd sentiment.

On-chain data also highlights strong buying activity, with whales accumulating more than 30 million XRP within a 24-hour period between October 20th and 21st. This signals growing confidence among deep-pocketed investors.

Adding to the positive outlook, technical analysts have identified a bullish “inverse head and shoulders” pattern forming on XRP’s chart, targeting a potential move toward the $3.10 resistance level.

With whale accumulation, improving market sentiment, and Ripple’s top engineer joining forces with Evernorth’s billion-dollar expansion, the stage seems set for another upward leg in XRP’s price action.
https://bitcoinethereumnews.com/tech/ripples-david-schwartz-update-triggers-massive-bullish-signals-amid-xrp-whale-buying-spree-%e2%8b%86-zycrypto/?utm_source=rss&utm_medium=rss&utm_campaign=ripples-david-schwartz-update-triggers-massive-bullish-signals-amid-xrp-whale-buying-spree-%25e2%258b%2586-zycrypto

Dr. Phil’s ‘Gangster Move’ Backfires in Bankruptcy Trial. Judge Says His Company Is ‘Dead as a Doornail.’ What Comes Next for the TV Doc?

Oh, Dr. Phil, what did you do?

Even your best advice can’t fix this.

https://www.moneytalksnews.com/dr-phils-gangster-move-backfires-in-bankruptcy-trial-judge-says-his-company-is-dead-as-a-doornail-what-comes-next-for-the-tv-doc/

Wilders’s Far-Right Party Faces Rebuke in the Netherlands

Geert Wilders suffered a loss of support as a center-left party staged major gains in the recent elections.

This election result could offer important lessons for Europe’s far right, highlighting shifting political dynamics and changing voter priorities across the continent.
https://www.nytimes.com/2025/10/30/world/europe/netherlands-election-parliament-wilders.html

China just purchased its first U.S. soybeans from this year’s harvest before Trump and Xi meet at economic summit

The firm plays a key role in the global supply and trade of grains, oils, and food products. Its core trading arm, COFCO International, reported $38.5 billion in revenue last year, handling 108.4 million metric tons of agricultural crops and commodities.

Recently, COFCO placed a purchase order for 180,000 metric tons of U.S. soybeans, scheduled for shipment in December and January. Reuters first reported the order on Tuesday, citing two oilseed traders. This marks China’s first purchase of U.S. soybeans in several months. COFCO did not immediately respond to Fortune’s request for comment.

Experts familiar with the transaction told Reuters that the purchase volume was relatively small, amounting to just three cargoes or shiploads of soybeans. They also noted that demand for U.S. soybeans is not expected to increase significantly in the near future, following recent large purchases from South America.

China accounts for about 60% of the world’s soybean imports, and in 2024, it made up 51% of U.S. soybean exports. However, trade tensions have created a significant divide between the U.S.—the world’s second-largest soybean producer—and China. The rift has been so pronounced that China had not previously placed any orders for the U.S. soybean growers’ autumn harvests.

This situation has raised concerns among farmers in rural America, who warn of an impending economic crisis fueled by losing their top export market, falling crop prices, and high production costs.

On a hopeful note, former President Trump and China’s president are scheduled to meet for talks regarding trade and tariffs during the Asia-Pacific Economic Cooperation (APEC) Summit in Busan, South Korea, on Thursday. These planned discussions come after Treasury Secretary Scott Bessent hinted at a de-escalation in the trade war under a deal framework he negotiated.

In a recent interview aired on Sunday, Bessent addressed the 100% tariff threat, which followed China’s announcement of strict export controls. These include a ban on rare earth exports for foreign military use and a requirement for foreign entities to obtain Chinese government approval for products containing even trace amounts of Chinese-sourced rare earths. Rare earth elements are crucial for the U.S. in military applications and AI development.

“So, I would expect that the threat of the 100% tariffs has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,” Bessent said.

While declining to give specific details about the trade agreement to CBS, Bessent expressed optimism for U.S. soybean farmers, saying they will be “extremely happy with this deal for this year and for the coming years.” He added, “I believe that we have brought the market back into equilibrium, and I believe that the Chinese will be making substantial purchases again.”

Babak Hafezi, adjunct professor of international business at American University, told Fortune that negotiations between China and the U.S. have been marked by “leverage diplomacy.”

“The Chinese understood that they could not renegotiate unless they had leverage, and they used rare-earth minerals as a key lever, bringing the U.S. to the table,” Hafezi explained.

Following China’s move in mid-October, negotiations accelerated, including the U.S. requirement to purchase soybeans—an order COFCO had not placed this year, he added.

“This is a quid pro quo in the negotiation process and helps us stabilize relations with China more quickly,” Hafezi concluded.
https://fortune.com/2025/10/30/china-buys-us-soybeans-trump-xi-summit-deal-trade-tariffs/

“If You’re A Billionaire, Why Are You A Billionaire?”: Billie Eilish Just Called Out Billionaires To Their Faces, And People Are In Awe

“If You’re A Billionaire, Why Are You A Billionaire?”: Billie Eilish Just Called Out Billionaires To Their Faces, And People Are In Awe

Billie Eilish has won widespread praise after using her platform at Wednesday night’s WSJ Magazine Innovator Awards in New York City to call out billionaires directly to their faces.

The 23-year-old singer was at the ceremony to accept the Music Innovator Award, with a whole host of other rich and famous names in attendance — including Facebook billionaire Mark Zuckerberg, whose wife, Priscilla Chan, was also honored.

When Billie took to the stage to accept her award, she said:
“We’re in a time right now where the world is really, really bad and really dark, and people need empathy and help more than kind of ever, especially in our country.”

“And I’d say if you have money, it would be great to use it for good things and maybe give it to some people that need it,” she told the crowd.
“Love you all, but there’s a few people in here that have a lot more money than me.”

“And if you’re a billionaire, why are you a billionaire?” Billie asked.
“No hate, but yeah, give your money away, shorties.”

In addition to her words, Billie — who has an estimated net worth of $50 million — put her money where her mouth is. It was announced later in the evening that she is donating a staggering $11.5 million of the proceeds from her *Hit Me Hard And Soft* tour to support organizations fighting for food equity, climate justice, reducing carbon pollution, and combating the climate crisis.

Needless to say, her bold message and generous donation left people seriously impressed. On Reddit, one commenter praised her speech, saying:
“Ballsy. Nice to see a celeb actually stick to their morals when in the room with powerful people.”

Others jumped on the opportunity to highlight the huge difference between millionaires and billionaires, with one writing:
“My fav way to put it in perspective: 1 million seconds = almost 12 days while 1 billion seconds is 31 years.”

Billie Eilish’s candid call-out and commitment to impactful philanthropy have resonated widely, reminding us all of the power and responsibility that come with wealth.
https://www.buzzfeed.com/stephaniesoteriou/billie-eilish-praised-calling-out-billionaires

Securitize Rolls Out Tokenized Credit Fund with BNY on Ethereum

Tokenization specialist Securitize has launched a tokenized credit fund in partnership with the $57 trillion financial services giant BNY Mellon, reflecting the rapidly growing appetite for real-world assets (RWA).

The new offering, named the Securitize Tokenized AAA CLO Fund (STAC), is available on the Ethereum network and aims to provide on-chain investors with exposure to collateralized loan obligations (CLOs), according to a press release issued on Wednesday.

BNY Mellon will serve as the custodian of the fund’s assets, while investment management responsibilities will be handled by Insight, a BNY subsidiary specializing in fixed income and structured credit strategies.

Adding significant momentum to the fund, Grove – the on-chain credit-focused capital allocator of DeFi protocol Sky (SKY) – plans to invest $100 million as an anchor investor, the release noted.

This initiative seeks to bring one of the most stable credit products onto blockchain rails, catering to the accelerating demand for tokenized assets. According to projections by Boston Consulting Group (BCG) and Ripple, the tokenized real-world asset market could surge to $18.9 trillion by 2033, up dramatically from just $35 billion today.

CLOs are structured financial instruments that bundle corporate loans into tranches with varying risk profiles. Among these, AAA-rated tranches are the most secure and offer floating-rate exposure, typically appealing to institutional investors. Historically, accessing these investments has been challenging or accompanied by slow settlement times.

By tokenizing the fund’s shares, Securitize aims to overcome these hurdles, enabling faster settlement, enhanced distribution, and easier fractional ownership for investors.

“For clients who are searching for yield, tokenization is a great way to improve access to high-quality credit in an efficient and transparent instrument,” said Jose Minaya, the global head of BNY Investments and Wealth.

Securitize has already issued $4.5 billion worth of tokenized assets, including equities and funds such as BlackRock’s tokenized money market fund BUIDL.

In a significant move, the company filed plans this week to go public by merging with a Cantor Fitzgerald SPAC at a valuation of $1.25 billion. This would position Securitize as the first end-to-end tokenization firm to be listed in the U.S. market.
https://bitcoinethereumnews.com/ethereum/securitize-rolls-out-tokenized-credit-fund-with-bny-on-ethereum/?utm_source=rss&utm_medium=rss&utm_campaign=securitize-rolls-out-tokenized-credit-fund-with-bny-on-ethereum

Big Moves Ahead for BTC and ETH as Whales Activity Surges?

Large Crypto Holders Increasing Exposure to Bitcoin and Ethereum

Recent on-chain and derivatives data reveal that large crypto holders are stepping up their exposure to Bitcoin and Ethereum. Spikes in large transactions, growing institutional interest, and significant asset outflows from exchanges highlight this trend. This activity is drawing attention as both assets rebound from recent lows, despite ongoing short-term market fluctuations and shifting policy landscapes.

Whale Transactions on the Bitcoin Network Surge

Bitcoin network activity shows a marked increase in high-value transactions. According to crypto analyst Ali Martinez, the number of Bitcoin transactions exceeding $1 million has reached 6,311—the highest in the past two months. This surge peaked around October 26-28 based on whale transaction data.

During the same period, Bitcoin rebounded from roughly $106,000 to a local high of $116,000 before experiencing a correction. Currently, Bitcoin is priced at approximately $110,700, reflecting a 2% decline over the past 24 hours but a slight gain over the previous week. This recovery comes after a recent dip below $108,000 despite a US Federal Reserve rate cut announced just one day earlier.

Further data from CryptoQuant confirms that Bitcoin exchange netflows have remained negative throughout October. In other words, more BTC is being withdrawn from exchanges than deposited. Such withdrawal trends typically suggest that holders are moving funds to cold storage—a behavior often observed during accumulation phases.

Combined with the spike in large transactions, these indicators support the view that some large investors are repositioning themselves for the months ahead.

You may also like:

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  • Even Trump’s Visit to Tokyo Couldn’t Move Bitcoin
  • Here’s Why Japan’s Crypto Influence Is Fading

Whales Boost ETH as Futures and Wallets Grow

Ethereum is also experiencing increased institutional activity. Data from CryptoQuant shared by Crypto Rover indicates that CME Ethereum futures open interest has reached a record high of over 2.25 million contracts. This growth spans multiple expiry periods, primarily within 1 to 6 months.

The rise in open interest has coincided with a steady price recovery. Ethereum has moved from below $1,400 to a peak of $4,950 in 2025 before pulling back. At press time, ETH is trading around $3,900, showing a 3% decline in the last 24 hours but a 2% increase over the past week.

Additional insights from Alphractal point to a rise in the number of Ethereum addresses holding more than 1,000 ETH—large wallets that have grown increasingly active in recent weeks. Meanwhile, CryptoQuant reports that ETH reserves across all exchanges have decreased by about 1 million coins since late September.

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The growing activity among whales and institutions in both Bitcoin and Ethereum suggests a strategic repositioning as market dynamics evolve. Investors and observers alike will be watching closely to see how these trends develop in the coming months.
https://cryptopotato.com/big-moves-ahead-for-btc-and-eth-as-whales-activity-surges/

Ethereum’s Fusaka Upgrade Goes Live on Hoodi Testnet Ahead of December Mainnet Launch

Ethereum Nears its Next Major Evolution with Fusaka Hard Fork

Ethereum is moving closer to its next major evolution. On Tuesday, the network’s latest hard fork, Fusaka, went live on the Hoodi testnet, marking the final testing stage before its official mainnet activation later this year.

Hoodi is the third and final testnet for Fusaka, following earlier deployments on Holesky and Sepolia. According to the Ethereum Foundation (@ethereumfndn), the mainnet rollout will occur at least 30 days after Hoodi testing, with December 3 set as the tentative date for the official hard fork.

Fusaka is more than just another upgrade. It represents the next phase of Ethereum’s long-term roadmap, focused on scalability, efficiency, and Layer 2 optimization.

The Road to Fusaka

The Ethereum community has been preparing for this moment for months. Each testnet deployment served as a trial ground for new features and infrastructure refinements.

The first implementation on Holesky tested network synchronization and consensus adjustments. Sepolia followed, validating node performance and gas parameter tuning. Now, with Hoodi live, developers are finalizing tests for rollup scaling and parallel execution—two pillars of the upcoming upgrade.

Fusaka’s mainnet launch on December 3 will be the first step in a three-stage rollout designed to gradually expand Ethereum’s data and transaction capacity.

Rollout Timeline

Ethereum developers have confirmed a structured schedule for Fusaka’s release:

  • Dec 3, 2025 → Fusaka mainnet launch
  • Dec 17, 2025 → Blob capacity increase
  • Jan 7, 2026 → Second blob capacity hard fork

Each stage unlocks new capabilities. The first activation will introduce key Ethereum Improvement Proposals (EIPs), while the later forks will scale blob data capacity, a critical factor for rollups and data availability layers (DALs). The client release window opens on November 3, giving operators and validators 30 days to upgrade their nodes before activation.

What Fusaka Brings to Ethereum

At the core of Fusaka are multiple EIPs designed to improve scalability, reduce gas fees, and enhance the experience for both developers and users.

PeerDAS (EIP-7594)
Perhaps the most anticipated, PeerDAS introduces a new data sampling approach that allows Ethereum to support higher Layer 2 throughput while keeping node requirements reasonable. In plain terms: more capacity, less strain.

EIP-7825 & EIP-7935
These proposals fine-tune Ethereum’s gas limits, paving the way for parallel execution—meaning the network can process multiple transaction threads simultaneously, a major step toward faster and more efficient block validation.

EIP-7939 & EIP-7951
The CLZ (EIP-7939) and secp256r1 (EIP-7951) upgrades aim to boost cryptographic performance and zero-knowledge (ZK) proving support, enhancing Ethereum’s zero-knowledge ecosystem.

Together, these upgrades solidify Ethereum’s foundation for the next generation of rollups and decentralized applications.

Laying the Groundwork for “The Surge”

Ethereum co-founder Vitalik Buterin has long described the network’s roadmap as a series of “eras”: The Merge, The Surge, The Scourge, The Verge, and beyond. Fusaka fits squarely into The Surge, the phase focused on scaling Ethereum to handle tens of thousands of transactions per second.

Once Fusaka is live, developers will begin preparing for Glamsterdam, the next milestone upgrade, which will expand on Fusaka’s groundwork by enabling true parallel processing across the Ethereum Virtual Machine (EVM).

Fusaka is, therefore, more than a technical upgrade—it’s a symbol of Ethereum’s long-term vision: decentralization without compromise.

Ethereum’s Institutional Momentum

Outside the development arena, Ethereum is breaking new ground in institutional adoption. According to CryptoRank, Ethereum now leads in digital asset treasury holdings, surpassing Bitcoin for the first time.

Institutional treasuries now hold 4.1% of ETH’s total supply, compared to Bitcoin’s 3.6% and Solana’s 2.7%. The timing isn’t random—this surge followed Donald Trump’s signing of the GENIUS Act, a landmark stablecoin regulation that strengthened the legal framework for on-chain finance in the U.S.

Since the law’s passage, funds and fintech firms have rapidly increased their exposure to ETH. Institutional investors now view Ethereum not merely as a token, but as the core infrastructure of the decentralized finance (DeFi) economy.

ETH on the Charts

Market sentiment has turned bullish as traders position for the December 3 launch. Analysts expect the Fusaka upgrade to drive a renewed Layer 2 growth cycle, with protocols like Arbitrum, Optimism, and Base benefiting from increased throughput and reduced data costs.

This growing confidence reflects Ethereum’s ability to evolve without breaking. Each upgrade over the past three years—from The Merge to Dencun—has reinforced its dominance in the Layer 1 space.

What Comes After Fusaka

If Fusaka delivers as expected, the next step will be to expand Ethereum’s data availability and execution parallelism. That’s where Glamsterdam comes in—an upgrade designed to take rollup scalability to its full potential.

In parallel, Ethereum researchers are exploring stateless client architecture, proof aggregation, and cross-chain messaging—all aimed at lowering costs and improving network efficiency.

Ethereum’s roadmap remains clear: scale Layer 2s, reduce complexity, and onboard the next wave of global users.

Conclusion

The Fusaka hard fork isn’t just a technical milestone—it’s a statement of resilience and innovation. From testnets to mainnet, Ethereum continues to evolve at a pace unmatched in blockchain history.

The network’s developers are not just building for the next quarter; they’re building for the next decade. And with institutional money flowing in, new laws favoring on-chain assets, and the strongest developer community in crypto, Ethereum stands ready for its next chapter.

The countdown to December 3 has begun.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

https://bitcoinethereumnews.com/ethereum/ethereums-fusaka-upgrade-goes-live-on-hoodi-testnet-ahead-of-december-mainnet-launch/?utm_source=rss&utm_medium=rss&utm_campaign=ethereums-fusaka-upgrade-goes-live-on-hoodi-testnet-ahead-of-december-mainnet-launch

Gold sinks below $4K: What does it mean for Bitcoin price?

**Bitcoin ETFs See $839 Million Inflows While Gold ETFs Lose $4.1 Billion: What’s Next?**

Gold’s shine is fading fast just as its “digital” rival, Bitcoin (BTC), recovers lost ground.

Just a week after reaching a record high above $4,381, gold has retreated by over 10.6%, sinking as low as $3,915 on Thursday—marking its steepest seven-day drop since April. This correction in gold coincides with a nearly 6.7% jump in Bitcoin’s price, highlighting a sharp divergence amid improving trade relations between the US and China.

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### Trade Deal Boosts Risk Appetite

The shift followed Donald Trump’s remarks about an “amazing meeting” with Xi Jinping, during which the two leaders agreed to reduce fentanyl tariffs from 20% to 10%, effective immediately. With risk appetite improving and crypto markets heating up, traders may be rotating away from gold and back into Bitcoin in the months ahead.

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### Bitcoin ETFs Attract $839 Million Amid Gold’s Plunge

US-listed Bitcoin ETFs have absorbed $839 million in net inflows since gold hit its record high on October 20, according to data from Farside Investors. Bitcoin ETF holdings have increased consecutively in the last four sessions, signaling growing investor interest.

In contrast, gold-backed ETFs experienced significant outflows, totaling about 1.064 million ounces (nearly $4.1 billion) since October 22, Bloomberg data shows. This includes the largest one-day withdrawal in over six months on Monday, when investors pulled out 0.448 million ounces of gold exposure.

—

### BTC Technicals Indicate Strong Support With Bullish Outlook

Bitcoin’s technical indicators now reveal a strong floor near $101,790, aligning with the 20-week exponential moving average (20-week EMA) and the 1.0 Fibonacci retracement level. Holding above this support confluence increases the chances of Bitcoin reaching $150,000 by the end of the year.

JPMorgan analysts are even more bullish, expecting BTC to hit $165,000 in 2025. They argue that Bitcoin remains undervalued relative to gold, underscoring its growing appeal as a digital store of value.

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### Gold’s Bull Run Remains Intact, Analysts Say

Despite the recent correction, gold is still up around 50% year-to-date, supported by record central-bank purchases, persistent fiscal imbalances, and the ongoing “debasement trade,” where investors seek protection against ballooning government debt and weakening fiat currencies.

Metal trader David Bateman points out that gold’s bull run remains fundamentally intact. Technicals show that gold is still in a bull market correction, holding firm above its 50-day exponential moving average (50-day EMA). Historically, gold has bounced from this support every time in the past two years, leading to rebounds between 4% and 33%.

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### Historical Patterns Suggest Gold Rebound Ahead

Over the past three decades, gold’s 10% corrections have consistently resulted in sharp rebounds within days, indicating these steep dips are more likely short-term bottoms than signs of deeper declines.

Data highlighted by Sabu Trades shows that the previous ten instances of such steep drops all produced positive two-month returns, averaging an 8.3% recovery. If this pattern holds, gold could revisit the $4,200-$4,250 zone by December, effectively retesting its record highs and reaffirming the metal’s broader uptrend.

Looking further ahead, gold could reach HSBC’s $5,000 target in 2026, as long as it maintains support above the 50-day EMA.

—

**Disclaimer:** This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
https://cointelegraph.com/news/gold-below-4k-what-does-it-mean-for-bitcoin-price?utm_source=rss_feed&utm_medium=editors_pick_rss&utm_campaign=rss_partner_inbound

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