Here's a crypto market update for you:
*Market Overview*
The cryptocurrency market has concluded another week on a bearish note, with top tokens stumbling. Bitcoin is facing major resistance around $85,000. The market is preparing for increased volatility ahead of the expiry of $2.25 billion in Bitcoin and Ethereum options ¹.
*Recent News*
- Ripple-Backed Hidden Road Gets Key U.S. Brokerage License: Hidden Road, set to be acquired by Ripple, cleared a major regulatory hurdle.
- *Kraken Expands into Forex*: Kraken introduced forex perpetual futures, marking a significant expansion into traditional financial markets.
- *Binance Announces KYC Re-Verification for Indian Users*: Binance is asking for full Know Your Customer (KYC) re-verification for Indian users.
- *Hamster Kombat Surpasses 200 Million Players*: The game's addictive tap-to-earn style and crypto-integrated rewards have made it a hit.
*Price Updates*
- *Bitcoin*: Trading sideways around $85,000, with a potential breakout target of $86,000 and $95,000.
- *XRP*: Technical patterns suggest a potential dip to $1.60, but experts predict a price increase by the end of 2025.
- *Shiba Inu*: Holding 100 million SHIB could turn into $1 million, depending on market performance.
*Other Developments*
- Polymarket Sees 77% Chance for U.S. Solana ETF Approval: There's a high chance of Solana ETF approval by December 31, 2025.
- *Slovenia Proposes 25% Tax on Crypto Trading Profits*: Slovenia's Finance Minister urges fairness in taxing crypto profits ² ¹ ³.
