Trump has finally decided to pump the market. He posted some interesting information on his Truth Social account.
President Trump announces strategic reserve of cryptocurrencies including XRP, SOL and ADA.
“ The U.S. Cryptocurrency Reserve will take this critical industry to the next level after years of corruption under the Biden administration. That’s why my Executive Order on Digital Assets tasked the Presidential Task Force to create a Strategic Cryptocurrency Reserve that will include XRP, SOL, and ADA. I will ensure that the U.S. becomes the crypto capital of the world. We will Make America Great Again! ”
🔵 Cardano founder Charles Hoskinson said he didn't know President Trump would include $ADA in his proposed crypto reserve until the day it was announced.
🔸 If the ADA price exceeds $0.98, the amount of liquidations on Cardano short positions could exceed $50 million.
Friends, if you're feeling down because of a dip in your portfolio, keep in mind — Trump is also sitting in the red.
Trump’s portfolio is currently down by $124 million!
He’s riding out this drawdown right alongside us. This man clearly didn’t pick his coins randomly — I believe he knows very well that there’s light at the end of the tunnel and the long-awaited altcoin rally is coming.
🇭🇰 Ripple’s Early Infrastructure Push Aligns with Hong Kong’s New Stablecoin Era
Ripple Labs continues to strengthen its position as a blockchain infrastructure leader, with its technology now deeply embedded in Hong Kong’s emerging digital currency ecosystem. The company, which developed the XRP Ledger long before global crypto regulations took shape, is reaping the benefits of its early innovation as Hong Kong prepares to issue its first batch of stablecoin licences in early 2026.
🔸 Ripple’s Role in the HKMA e-HKD Pilot
Ripple played a pivotal role in the Hong Kong Monetary Authority’s (HKMA) e-HKD pilot project, a government-backed initiative designed to test the potential of a central bank digital currency (CBDC). Using its proprietary CBDC Platform built on the XRP Ledger, Ripple enabled the tokenisation of real-world assets, including real estate and equity release products.
This pilot demonstrated how banks could digitise property ownership, streamline equity release processes, and conduct instant settlements using blockchain. Ripple partnered with Fubon Bank of Taiwan and other institutions to showcase practical retail CBDC use cases, placing its technology at the heart of Hong Kong’s digital finance experiments.
🔸 Hong Kong’s Stablecoin Licensing Framework
The Hong Kong Monetary Authority officially activated its Stablecoin Regulation Framework in August 2025, marking a major milestone in the city’s ambition to become a global crypto-finance hub. The new law requires any issuer of fiat-backed stablecoins to obtain a licence from the HKMA.
Authorities have announced that the first group of stablecoin licences will be granted in early 2026. This cautious rollout aims to balance innovation with risk management after witnessing market volatility in unregulated crypto sectors. The HKMA has confirmed it will initially issue only a limited number of licences to ensure compliance and security before broader adoption.
🟠 Bitcoin Whales vs Everyone Else, and the Whales Are Winning
Bitcoin $BTC $102,082.53 remains only marginally positive year-to-date, suggesting 2025 has been a period of consolidation as the asset stabilizes around the $100,000 level.
Much of the recent price weakness appears linked to previously dormant coins re-entering circulation, per onchain data.
Large holders, commonly known as whales, have been the primary distributors, driving the current downward pressure on price, according to The Accumulation Trend Score (ATS) by Glassnode.
ATS measures the relative accumulation or distribution behavior across different wallet cohorts, accounting for both the size of entities and the volume of coins they have acquired over the past 15 days.
A value near 1 suggests that participants in that cohort are actively accumulating. A value near 0 indicates that they are distributing holdings. Exchanges, miners, and certain other entities are excluded from the calculation.
Whales holding over 10,000 BTC have been consistent sellers since August, marking three months of sustained distribution. Meanwhile, wallets in the 1,000–10,000 BTC range remain neutral around a score of 0.5, while all smaller cohorts (below 1,000 BTC) are firmly in accumulation mode, according to Glassnode data.
While in the first four months of the year, all cohorts were in deep distribution, which contributed to bitcoin’s 30% decline to $76,000 in April during the so-called tariff tantrum.
This data highlights a clear divide between whales and the rest of the market participants and for now, it appears the whales are still steering the price action.
📣 Cardano Supporters Reject Criticism as $ADA Trades Near $0.54
Cardano’s lack of upside movement was a subject of dark humor among a section of the crypto community. A famous crypto user with over 1.3 million followers on X, trolled Cardano holders over ADA’s relative price stagnation, triggering more jabs at the scalability-focused token and its supporters.
🔸 Viral Post Reignites “Cardano Is Too Slow” Argument
Many crypto users responding to the post aligned with the original opinion, citing Cardano’s lack of volatility. However, there were those who, besides the general mockery, believed in the cryptocurrency’s potential to succeed in the future.
Such believers maintained the philosophy that patience may not be beautiful (not the exact expression used), but it eventually pays.
🔸 Community Says Patience Is The Cardano Model
The above-mentioned thread on X highlights the ongoing debate about Cardano’s future and the blockchain project’s sustainability. A debate that triggered a response from Charles Hoskinson, the founder and face of the Cardano project. According to Hoskinson, Cardano’s recent struggle has nothing to do with technicalities.
🔸 Hoskinson Points To Adoption, Not Technology
In the meantime, Hoskinson emphasized the blockchain’s capabilities, highlighting its tooling and fertile ecosystem.
Hence, he suggested that the adoption responsibility depended on the community members, who are not flowing into DeFi at the pace critics expect. In Hoskinson’s opinion, Cardano’s current issues can be fixed by better participation.
It is worth noting that Cardano’s native token, ADA, has faced significant pressure over the past few months, declining 47% amid market pressure. The ongoing decline contradicts the expectations of many crypto users who maintained a bullish sentiment for ADA after the US government included the cryptocurrency in its list of Strategic Crypto Reserve earlier this year.
While the broader crypto market slipped by 1%, Filecoin (FIL) made one of its biggest comebacks of the year. The decentralized storage token skyrocketed nearly 60% in just 24 hours, jumping from $1.38 to $2.18, its sharpest recovery since early 2024.
This sharp rally has stunned everyone, wondering the key reasons why Filecoin token is up today?
🔸 DePIN and AI Storage Hype Sparks Rally
One of the main reasons behind Filecoin’s sharp surge is the upcoming DePIN Day on November 18, a major event for the decentralized infrastructure sector. Meanwhile, experts are speculating that Filecoin could announce key updates or partnerships.
At the same time, FIL its growing role in AI projects like SingularityNET, which use Filecoin’s decentralized storage for training data, has boosted investor confidence and strengthened its position in the AI-powered DePIN ecosystem.
🔸 Short Squeeze Triggers Rapid Price Jump
The rally wasn’t purely organic. Futures data shows a massive short squeeze played a key role. Open interest doubled to $110 million, while trading volumes spiked 300% to $237 million in a single day.
As bearish traders scrambled to cover their positions, buying pressure pushed prices even higher, a classic chain reaction in crypto markets.
Technical Breakout Confirms Bullish ShiftTechnically, FIL recently formed a bullish engulfing pattern on the weekly chart, signaling a strong momentum shift in favor of buyers. Breaking past key resistance at $1.40, the token triggered more buying activity and short covering, extending the rally further.
🔸 What’s Next for FIL?
With rising attention from AI developers and DePIN investors, Filecoin’s current momentum could continue in the short term. Analysts suggest that if adoption and trading activity remain strong, FIL could target $2.5–$3 in the coming weeks.
However, with the RSI at 86, FIL is currently in overbought territory, hinting at a possible short-term pullback.
🔸 If we don't get the 107k back within a couple of weeks, there is a high chance that we will start a cooling phase for about a year, maybe a year and a half.
🇰🇿 Kazakhstan is preparing to create a state crypto reserve
The authorities of Kazakhstan are discussing the possibility of investing part of the gold and foreign exchange reserves and National Fund assets into cryptocurrency.
The new state crypto reserve will be formed from confiscated digital assets, and the first cryptocurrency purchases may begin after the approval of the new financial policy.
There is also consideration of allowing state companies to engage in mining and accept payment in crypto.
🪙 Ripple Raises $500 Million at $40 Billion Valuation Following XRP's Historic Surge
Crypto fintech company Ripple announced a $500 million strategic investment on Wednesday, at a $40 billion valuation.
The firm, whose founders helped created cryptocurrency XRP, said that funds managed by affiliates of Wall Street giants Citadel Securities, Fortress Investment Group, and Brevan Howard took part in the raise.
XRP's price was trading slightly higher on Wednesday morning New York time, at $2.28 per coin. The coin surged to a new all-time high mark of $3.65 in July after breaking a seven-year-old record, fueled by regulatory optimism and plans for U.S. spot exchange-traded funds tracking the cryptocurrency.
"This investment isn’t just validation of Ripple’s growth strategy and business built on the foundation of XRP, but also a clear bet on what the future of crypto will look like," Ripple CEO Brad Garlinghouse wrote on X. "I’m very proud of what we’ve built, and all that’s to come."
📉 The crypto market lags despite macroeconomic support
Despite a favorable macroeconomic backdrop – Fed rate cuts, the end of QT, and a rising stock market – crypto assets are showing worse performance.
▪️ The main reason is liquidity:
Global liquidity is expanding, but capital is not reaching the crypto industry in previous volumes.
▪️ ETF inflows have stalled: the assets under management of BTC-ETFs have stabilized.
▪️ DAT deal activity has dried up: the flow of deals with DAT (digital assets in company treasuries) has significantly decreased.
▪️ Only stablecoins are growing: the supply of stablecoins continues to increase (+50% since the beginning of the year), which is the only working driver of capital inflow among the three key ones.
Overall, the market structure looks cleansed after mass liquidations, but a new growth phase requires the resumption of ETF inflows and DAT activity.
BNB slid 7.8% in the past 24 hours, dropping to $940 and breaching several major support levels in the process. The move followed a wave of sales orders that began after the token failed to break resistance at $1,020.
A spike in trading volume, 72% above the weekly average according to CoinDesk Research's technical analysis data model, suggests the sell-off was driven by larger holders offloading positions.
The native token of the BNB Chain had held steady above $1,000 in recent weeks, a level seen by traders as psychologically and technically important.
That support broke under sustained selling pressure, sending BNB into a decline that accelerated during a broader cryptocurrency market downturn that sent the CoinDesk 20 (CD20) index down as much as 5%.
The weakness in the crypto market saw bitcoin fall below $104,000, setting off a wave of altcoin liquidations. Over the last 24 hours, CoinGlass data shows total of $1.4 billion were liquidated in the crypto market, $1.2 billion of which were long positions.
While most tokens followed BTC lower, privacy coins moved the other way. DASH surged 56% and ZEC$409.93 added 5%, outperforming the broader market as traders rotated into more decentralized and less trackable assets.
BNB now faces technical resistance at $1,000 and $980, with analysts watching closely to see if it can hold above $940. A break below that level could open the door to further losses in the near term.
📊 Crypto market crash wipes out $270 billion in 24 hours
The cryptocurrency market has experienced a significant downturn, with over $270 billion in market value evaporating within a 24-hour period.
As of press time, the total market capitalization of cryptocurrencies stood at $3.45 trillion, down from $3.72 trillion just a day prior.
Leading the charge in this crash were some of the market’s top cryptocurrencies. Bitcoin (BTC), Ethereum (ETH), and XRP all saw substantial drops.
Bitcoin, for instance, is trading around $103,944. Ethereum’s price has also slumped, now hovering around $3,500, while XRP, despite the recent excitement surrounding Ripple’s Swell conference, fell by 5.46%, trading at $2.27.
🔸 Why crypto market is crashing
The catalyst for this sharp sell-off appears to be comments by United States Federal Reserve Chair Jerome Powell. At last week’s meeting, Powell stated that a rate cut in December was not guaranteed, signaling a slower pace of interest-rate reductions and caution regarding inflation. These remarks immediately impacted global risk sentiment, leading to a sell-off in both equities and cryptocurrencies.
At the same time, the rising strength of the US dollar, particularly against the Japanese yen, has further amplified the aversion to risk assets, pushing traders to shift toward safer investments. Additionally, volatility in the cryptocurrency market has been exacerbated by derivatives activity. With perpetual contract volumes soaring by 142% and open interest falling by 5.1%, there have been signs of a classic long squeeze.
🔸 Pressure on leveraged positions
This has placed pressure on leveraged positions, with major altcoins like Solana (SOL) and XRP experiencing 8% to 9% drops. In Solana’s case, the price fell below its 200-day exponential moving average (EMA), triggering liquidation events to the tune of $19 million.
The market has also been plagued by what analysts are calling “narrative fatigue.” Despite ongoing institutional interest, particularly BlackRock’s push for tokenization.
🟣 Solana’s Vibhu Norby challenged Ripple executives and the $XRP community to a live debate
A high-profile leader in the Solana ecosystem, Vibhu Norby, popularly known as Vibhu, has challenged Ripple chefs and community members to participate in a live public debate centered on verifiable on-chain data.
Serving as the current head of Product Marketing at the Solana Foundation with a broad experience in web3 technology, Vibhu made this invitation via the X platform, motivating any individual from the XRP community to engage in a “facts-only” discussion.
🔸 Vibhu criticizes the community for ignoring existing data on the XRP network
Norby said his goal is to confront what he views as widespread misconceptions about the XRP network’s actual performance metrics. According to him, he is optimistic about Ripple and XRP succeeding in the ecosystem. However, Vibhu criticized the community for ignoring existing data that illustrates limited growth.
He acknowledged that although it is fine to believe in future adoption, the current on-chain information implies otherwise. The crypto leader’s remarks noted years of stagnation in XRP’s network activity, in contrast to fast-growing blockchains such as Solana.
Citing data from XRPScan, Vibhu highlighted that the total number of daily active accounts on the XRP Ledger over the last three years has remained around 25,000.
His statement followed a recent announcement that Evernorth, a new venture in the crypto industry backed by digital asset firm Ripple, has been listed on Nasdaq. Following this announcement, analysts believe the listing will expand XRP’s footprint among institutional investors.
Meanwhile, in contrast to XRP’s daily active accounts, Solana reportedly has over 2.5 million daily active accounts, illustrating a notable difference. Based on Vibhu’s argument, this situation has sparked heated debates, as XRP has been in the market for a long time and has a valuable ecosystem.
$BTC corrected to $107k, altcoins traditionally fall faster. Without good news and if the support at $106k fails, the chance of seeing Bitcoin at $100k will sharply increase 🌡