Day: October 21, 2025

Ripple-Backed Evernorth Raises Over $1 Billion for Institutional XRP Exposure

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Evernorth launches publicly via SPAC deal, raising over $1 billion to build the “world’s largest institutional XRP treasury.” Evernorth Holdings Inc., a newly formed Nevada corporation that aims to enable institutional adoption of Ripple (XRP), has officially launched and entered a business combination agreement with Armada Acquisition Corp II, a publicly traded special purpose acquisition company (SPAC). The company said it will combine public market access with an active treasury model to offer a unique bridge for institutional investors seeking regulated, scalable exposure to the crypto asset. Once the…

Team Behind Layer 1 Cadena Discontinues Support

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The native token behind the Kadena layer 1 blockchain plummeted 60% in 90 minutes on Tuesday after its founding team announced it was winding down and ceasing all network maintenance due to “market conditions.”  In a post to X on Tuesday, Kadena said it “is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.” “We are tremendously grateful to everybody who has participated in this journey with us. We regret that because of market conditions we are…

54,470,000 LINK Bought at $16: Major Support Zone Forms

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Over 54.47M LINK bought at $16 forms a strong support zone; analysts eye $25 breakout and whale accumulation for next rally. Recent data shows that Chainlink (LINK) has established strong buyer interest around the $16 level. On October 19, more than 54.47 million LINK were acquired, according to a cost basis heatmap shared by Ali Martinez. At press time, LINK was trading at $18, with a 24-hour decline of 5% and a weekly loss of 3%. Daily trading volume stands at $1.05 billion. $16 Identified as Heavy Accumulation Range…

Aave partners with Maple Finance to bring institutional assets to DeFi

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Lending protocol Aave has partnered with onchain credit platform Maple Finance to connect institutional capital with decentralized liquidity.  Announced on Tuesday, the integration will introduce Maple’s yield-bearing stablecoins — syrupUSDC and syrupUSDT — to Aave. SyrupUSDC will be listed in Aave’s core market, while syrupUSDT will be available in its Plasma instance. The tokens are backed by assets from Maple’s onchain credit pools, which manage billions of dollars in institutional capital from allocators and borrowers. According to Maple, the move is intended to “stabilize borrow demand and improve capital efficiency”…

Ocean Protocol Faces $250k Bounty after $120M Token Dump Allegations

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The ongoing feud between Fetch.ai CEO Humayun Sheikh and Ocean Protocol Foundation took another twist, as the CEO issued a bounty for more information related to an alleged misappropriation of tokens worth millions of dollars. Sheikh, in an X post on Tuesday, offered a $250,000 reward for more information on the signatories of OceanDAO’s multisignature wallet and their connection to the Ocean Protocol Foundation. A multisignature or multisig wallet is a cryptocurrency wallet that requires multiple signatures to execute and process a transaction. The $250,000 bounty offer comes days after the…

ETH Price Nears $4K but This Metric Signals a Rally like in 2020

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Ethereum trades near $3,900 as RSI retests trendline; analysts watch $4,100 breakout with $8K targets and $250M institutional buys. Ethereum’s (ETH) recent price structure is drawing comparisons to its 2020 cycle. At the time of writing, ETH was priced at around $3,900, with a daily trading volume of $33.3 billion. The token has declined 4% in the last 24 hours and 3% over the past week. Price Sits Below Prior High Ethereum is trading just below its former peak, a level last tested before the 2020 rally. According to…

Ethereum’s Fusaka Upgrade Adds Per-Transaction Gas Limit Cap

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Ethereum is entering the final testnet phase of its Fusaka upgrade, the last major step before its expected mainnet rollout on Dec. 3. The update introduces a per-transaction gas cap of roughly 16.78 million units to enhance block efficiency and prepare the network for parallel execution. The change, already active on the Holesky and Sepolia testnets, is designed to prevent single transactions from consuming an entire block’s gas. Previously, a single transaction could use up to the full block gas limit of around 45 million, posing potential denial-of-service risks and…

Kadena shuts down operations as token plunges 50%

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Key Takeaways Kadena’s operating company has ceased all business and network operations, citing adverse market conditions. The project’s native token dropped 50% following the shutdown announcement. Share this article Kadena’s operating company announced today it will immediately halt all business operations and stop maintaining the Kadena blockchain network, causing the project’s native token to plunge 50% within hours of the news. The company cited unfavorable market conditions as the main reason for the shutdown, retaining only a small internal team to manage the transition process. The decision brings an abrupt…

Analyst Points to Weak Open Interest, CPI Pressure

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Bitcoin’s rally to $112,000 fizzled fast as weak open interest and low funding rates revealed fading momentum. Bitcoin (BTC) briefly rose to just under $112,000 on Monday before dropping back to about $107,700, suggesting that recent gains may be running out of steam. The move followed a weekend rebound from below $104,000, but analysts now warn that weak derivatives activity and upcoming U.S. inflation data could bring more turbulence. Short-Lived Uptick Reveals Market Fatigue At first, the price rise from $106,000 to nearly $112,000 seemed positive, but an assessment…

Bitcoin Futures Traders Return To Pump BTC: Will It Last?

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Key points: Rising spot and futures volumes show traders venturing back into the crypto market. Traders are positioning for upside, but charts hint that swing traders will sell intra-day rally tops. Crypto market price action turned volatile on Tuesday as Bitcoin (BTC) hit a daily high at $114,000, and Ether (ETH) managed a brief push to $4,110. Solana’s SOL (SOL) also attempted to move above the $200 level with a quick rally to $198. The breakout rallies, at least in Bitcoin’s case, line up with BTC’s rising open interest and…