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What is the looming power shift between ETH and XRP? Since Ethereum’s Merge update in 2022, the network’s transition to a deflationary model has steadily reduced the supply of Ether (ETH), increasing its scarcity and reinforcing long-term investor confidence.The reduced supply has elevated ETH beyond a simple utility token, positioning it as a potential store of value within the broader cryptocurrency ecosystem. In contrast, XRP (XRP) has carved out a distinct role as a bridge asset, facilitating instant cross-border liquidity for banks and global payment networks.However, if ETH’s deflationary rate slows, its scarcity advantage could weaken. In the scenario XRP…

Bit Digital now holds 153,546 ETH, a massive bet positioning the public company as a cornerstone of the institutional digital asset landscape far beyond its mining origins. Summary Bit Digital boosted its Ethereum holdings to 153,546 ETH, valued at $590.5 million as of October 31. Around 86% of its ETH is staked, generating yield as the company pivots from Bitcoin mining to Ethereum-native finance. In a press release dated Nov. 7, Nasdaq-listed Bit Digital announced that its Ethereum (ETH) treasury had grown to approximately 153,547 ETH, valued at about $590.5 million as of October 31. The company said it acquired…

Balancer suffered one of the largest decentralized finance (DeFi) exploits on Monday, with more than $116 million in staked Ether and liquidity pool tokens drained from Balancer v2 contracts and several forks. The decentralized exchange (DEX) and automated market maker (AMM) investigated what appeared to be faulty access control in its smart contracts, which allowed the attackers to withdraw funds directly from liquidity pools. The exploit began with a $70 million loss, which ballooned to $116 million, primarily affecting liquid staking assets such as Lido’s wstETH and StakeWise’s osETH.In a bid to recover losses, Balancer offered a 20% white hat bounty to…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The cryptocurrency market has once again stumbled, with Bitcoin, Ethereum, and XRP prices plunging after what seemed like a promising rebound. Despite a strong lineup of bullish narratives, ranging from interest rate cuts in October to expanding regulatory clarity, the momentum has weakened considerably. This brings into question the crypto industry’s outlook before the end of the year. Technical Breakdown Weakens Market Confidence The sharp pullback began with technical cracks that appeared across Bitcoin, Ethereum, and XRP charts. The past 24 hours have seen Bitcoin, which had…

The rapid growth of the prediction market Polymarket may not be entirely organic but instead inflated by artificial trading activity, according to research published by Columbia University.In an 80-page paper titled “Network-Based Detection of Wash-Trading,” which has not yet undergone peer review, Columbia researchers identified extensive wash-trading activity on Polymarket beginning in July 2024. That month, they found that wash trades accounted for nearly 60% of the platform’s total trading volume.“This activity persisted through late April 2025 before subsiding substantially, and once again increased to about 20 percent of volume in early October 2025,” they wrote. The researchers determined that 25%…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s price may be experiencing a pullback due to the robust volatility in the crypto market, but bullish sentiment is starting to return on the institutional level. In a bold and bullish move, Bitmine Immersion has made another strategic ETH purchase, scooping up the altcoin on a large scale amid the ongoing volatile period. Bitmine Immersion Is Buying Ethereum Again After a brief period of quiet, Bitmine Immersion, a leading Ethereum treasury company, is back on the offensive. The treasury company has resumed its accumulation of ETH,…

Crypto infrastructure startup Commonware has raised $25 million in a funding round led by Tempo, a payments-focused blockchain network, underscoring a renewed effort to scale blockchain-based payment systems.The deal, first reported by Fortune on Friday, is notable because Tempo was launched in September by fintech giant Stripe and crypto venture firm Paradigm. Commonware said other investors participated in the round but declined to name them.Commonware develops open-source software that allows other companies to build and deploy their own blockchains, supporting the growing ecosystem of payment-oriented Web3 infrastructure.Commonware CEO told Fortune that “usage and distribution is way more important than money…

Traditional finance institutions across the US, Europe and Asia are moving into stablecoins now that regulatory uncertainties are easing.Payment companies like PayPal, Mastercard and Visa are either launching stablecoins, integrating stablecoin settlement into payment systems or building the infrastructure to support them.The race is not limited to corporations but is also developing at the banking level. In early October, a group of major international banks, including Goldman Sachs, Deutsche Bank, Bank of America, BNP Paribas and Citi, formed a consortium to explore issuing a “reserve-backed” digital money on public blockchains.Development has accelerated after the Guiding and Establishing National Innovation for…

United States spot Bitcoin exchange-traded funds (ETFs) recorded a $239.9 million net inflow on Thursday, ending a six-day slump of outflows draining almost $1.4 billion from the market. According to data from Farside Investors, the reversal came after a turbulent week of profit-taking driven by macroeconomic uncertainty, which led to redemptions across the largest institutional Bitcoin (BTC) investment vehicles. The rebound was led by asset manager BlackRock, which added $112.4 million to its iShares Bitcoin Trust (IBIT), followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $61.6 million. The ARK 21Shares Bitcoin ETF (ARKB) reported $60.4 million, while Grayscale’s GBTC, which had…

Ethereum treasury company SharpLink Gaming has reportedly transferred over $14 million worth of ETH to crypto exchange OKX ahead of its quarterly earnings call due next week. Summary A  wallet linked to SharpLink Gaming transferred 4,364 ETH worth 14.47 million dollars to crypto exchange OKX on Nov. 7. The move comes days ahead of the company’s third-quarter earnings call. SBET shares are down more than 12% this week. A wallet associated with SharpLink Gaming transferred a total of 5,284 ETH and withdrew the assets before moving a portion of the funds, amounting to 4,364 ETH, to OKX on Nov. 7,…