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ETHFI Comment and Price Analysis - November 14, 2025
ETHFI/USDT Technical Analysis ETHFI Range Area Analyzing the chart on a daily time frame, we see that the coin keeps moving within a broad range structure. The price has recently bounced strongly from the lower range band at $0.80–$0.88, showing early signs of recovery. This zone has acted as a key demand and support area multiple times before. The first resistance in the short term to watch is $1.12. A breakout above this level could open the door for a move toward $1.43, which aligns with the mid-range resistance and serves as a major barrier.On the other hand, maintaining support above $0.88–$0.80 remains crucial for the ongoing trend. A daily close below this area could increase selling pressure and trigger a deeper pullback toward $0.66.Support and Resistance LevelsSupport: $0.88 – $0.80 – $0.66Resistance: $1.12 – $1.43 – $1.56 – $2.04Summary ETHFI has rebounded strongly from the lower range support. Key breakout zones: $1.12 and $1.43. As long as the $0.80–$0.88 support holds, recovery momentum remains intact. A close below $0.80 would weaken the technical outlook.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
XRP ETF Launches: What Happened on the First Day of Trading?
Canary Capital's XRP ETF, XRPC, has become one of the crypto market's most notable products, far exceeding expectations on its first day of trading. The fund, which launched on Nasdaq on November 13th, saw net inflows of $245 million and trading volume of approximately $58-59 million in just one day. This figure marked the strongest opening performance among the more than 900 ETFs launched in 2025.Buying in the first minutes of the day signaled a record-breaking prospect for the fund. Bloomberg ETF analyst Eric Balchunas noted that volume reached $26 million within 30 minutes of opening, signaling a rapid pace that exceeded his own estimate. This also eclipses the $57 million record set last month by Bitwise's Solana fund, BSOL.The strong inflows cannot be explained solely by visible trading volume. ETF experts attribute the relatively low intraday volume, yet significantly higher net inflows, to "in-kind creation" processes. In this mechanism, large institutional investors create fund shares by directly creating a basket of assets. Because these transactions are not reflected in exchange volume, a visible gap between inflows and volume exists.The XRP community, meanwhile, rallied behind the ETF launch. Social media engagement surged after the platform's listing on Nasdaq. Journalist Eleanor Terrett highlighted the community's influence, saying, "With the XRP Army behind it, who can really be surprised?" ETF expert Nate Geraci also noted that nearly all crypto ETFs that have entered the market in the last two years have exceeded Wall Street expectations, emphasizing that demand remains underestimated in traditional financial circles.While institutional interest is growing, a similar appetite has been evident among retail investors. Analysts say that XRP has been widely followed for years, and this awareness naturally drives first-day interest in new products. Presto's Min Jung emphasized that the XRP Army is one of the market's most resilient communities and its strong tendency to support volume during new product launches.XRP Price DropsDespite this strong start, the XRP price did not exhibit the expected momentum on ETF Day. The token lost approximately 8 percent of its value in 24 hours, retreating to $2.28. A more than 30 percent increase in trading volume indicated a high tendency for investors to switch positions. Open interest, particularly on CME and Binance, declined, with analysts attributing this to the strengthening of the "news sell" effect. Critical levels also stand out in the technical landscape. On-chain analyst Ali Martinez states that the $2 band is a significant support area for XRP, both psychologically and technically. It is stated that if this area holds, impulse buying could intensify, while if it breaks, the pullback could deepen.On the regulatory front, a new bipartisan initiative from the US Congress is noteworthy. The bill, which was introduced on November 10 and aims to clarify XRP’s commodity status under CFTC oversight, could shape a significant area of uncertainty for the asset’s future at a time when ETF interest is rising.
Binance Expands TRY Market: 4 New Pairs Coming
Binance has taken a new step to strengthen its trading volume in the Turkish market. The exchange announced the addition of four new TRY pairs to the spot market on November 26th, and will also activate Trading Bot support for these pairs. This will provide users with a wider range of trading options and enable faster movement in the TRY-based market with automated strategies.Binance Adds New Options to the Turkish MarketBinance has taken a new step to expand its trading options in the spot market. The exchange announced the launch of four new TRY trading pairs on November 26, 2025. ACM/TRY, DODO/TRY, HEI/TRY, and XTZ/TRY will now be added to the TRY-based pairs, which have attracted significant interest from active traders in the Turkish market. This expansion creates a variety that will allow both new users and experienced investors to develop different strategies.These trading pairs will be active in the spot market starting at 3:00 PM Turkish Time on November 26, 2025. Considering Turkish time, investors will be able to start trading these new pairs in the afternoon. Binance has recently been placing greater emphasis on TRY-based pairs, which are particularly popular in the region. This makes it easier for users to trade in local currencies and increases market depth.Beyond the new pairs, another noteworthy announcement from Binance is support for Trading Bots. On the same date and time, November 26th, at 3:00 PM Turkish Time, the Spot Algo Orders feature will be activated for ACM/TRY, DODO/TRY, HEI/TRY, and XTZ/TRY pairs. This step represents a significant convenience for investors building automated strategies, as TRY pairs often experience periods of rapid volatility, and Trading Bots offer more systematic strategies by reducing the burden of manual trading.Binance's statement also outlines a number of conditions that users must adhere to. First, it is important to remember that TRY is not a digital currency but is traded entirely as a fiat currency. Therefore, users wishing to trade the new pairs must complete account verification. Investors who fail to verify their accounts will not be able to use these trading pairs.The exchange also devoted considerable attention to regulatory compliance. Due to legal requirements, users residing in certain countries will not be able to trade these pairs. The list of these regions includes Canada, Cuba, the Crimea Region, Iran, the Netherlands, North Korea, Syria, the United States and all its territories, and the non-governmental areas of Ukraine. Binance noted that this list may be updated over time in response to regulatory changes.The expansion of TRY pairs appears to demonstrate the exchange's appeal, particularly to Turkish investors. Making it easier to open trades in the local currency eliminates the hassle of foreign exchange transfers and increases liquidity. The launch of TRY-based trading for well-known assets such as ACM and XTZ, as well as HEI and DODO, will make these coins accessible to a wider audience.
What is PAX Gold (PAXG)?
PAX Gold (PAXG) is a cryptocurrency that runs on the blockchain and is backed entirely by physical gold. Launched by Paxos Trust Company in 2019, each PAXG corresponds to exactly 1 troy ounce (31.1 grams) of gold in London Good Delivery standard, held in vaults in London. So, when you hold PAXG in your wallet, you are actually holding gold bullion behind the scenes.The price of PAXG closely tracks the price of gold per ounce. Paxos is committed to holding the same amount of gold in the vault for each token in circulation, thus maintaining a constant balance between the total PAXG supply and the amount of gold in reserve. Because it operates as an ERC-20 token on the Ethereum network, it is compatible with many crypto exchanges, wallets, and DeFi platforms. In short, PAXG offers a "digital gold" alternative that combines the trust and permanence of gold with the speed and accessibility of crypto. Let's explore how PAXG came about, the steps involved in shaping this idea, and why it has transformed gold investing so dramatically.Definition and Origins of PAXGPAX Gold is a stablecoin developed by Paxos to reshape gold, fully backed by physical gold. Each PAXG is issued with the approval of the New York State Department of Financial Services and is equivalent to a full ounce of London Good Delivery gold. These gold coins are stored as LBMA-certified bullion in the world's most secure vaults, such as Brink's. So, the PAXG you see in your wallet is actually your share of a physical bullion.The origin story of PAXG lies in the unchanged challenges of investing in gold. Buying gold bullion, finding safe storage, cashing it out, splitting it into smaller pieces… These are all unique challenges. Paxos CEO Charles Cascarilla considers physical gold a "burdensome and now archaic" investment. It's often impossible to buy and sell gold quickly or use it as collateral. Gold ETFs or futures, however, don't fully grant ownership of real gold. This is where PAXG comes in; by representing gold on the blockchain, it offers both individual and institutional investors a modern gold alternative that is easily divisible and transferable in seconds. In a sense, it makes gold investing more accessible.When most people think of stablecoins, they think of tokens printed in exchange for dollars. PAXG is the gold version of this model. Its price is directly tied to the ounce value of gold, making its value more stable. However, what truly distinguishes it is that it is backed by real gold, not cash. Paxos charges only a small transaction fee and Ethereum gas to print PAXG, significantly reducing the traditional costs of gold investing. The company also pays particular attention to security: smart contracts are audited by independent companies, the gold reserve and token supply are verified monthly, and customer assets are completely separated from Paxos's balance sheets. This ensures that PAXG holders' gold is securely protected even in the event of bankruptcy. Here's how you can see the difference between Paxos and other gold investments:FeaturePAX Gold (PAXG)Major Gold ETFsGold Futures (Comex)LBMA 400 oz Gold BarUnallocated GoldCustody FeesNo Fee19–40 bps per yearN/A5–25 bps per year0–10 bps per yearMinimum Purchase0.01 t oz (~$20)1 share (approx. $200)1 contract (100 t oz ≈ $200K)Typically ~$800K per barVariableTime to SettleInstant*T+2 daysExpiration dateT+2 daysT+2 daysAllocated✓Variable✕✓✕Instantly Redeemable for Physical✓$4.00✕✓✕RegulatedNYDFSSEC & equivalentsCFTC✕✕PAXG's History: Major MilestonesPaxos Gold has achieved many milestones since its launch. The coin has faced a number of challenges, particularly in terms of regulation. Let's examine the critical developments in the coin's history:2019 - Launch and Regulation: PAX Gold was announced by Paxos Trust Company on September 5, 2019, making a quiet but bold entry into the crypto world. Launched with the approval of the New York Financial Services Authority (NYDFS), PAXG became the world's first regulated gold-backed digital asset. With the launch, Paxos delivered a significant message of trust: Each PAXG is backed by a single piece of physical gold, and users can convert their tokens into real gold. To ensure this wasn't just a promise, Paxos even added a verification tool to its website; users can see which gold bar their PAXG in their wallet corresponds to, along with its serial number, purity, and weight, with a single click. 2020 - Exchange Listings: After a quiet debut in 2019, 2020 was the year that PAXG gained visibility. Binance's listing of PAXG in August instantly brought the project to millions of users. Binance paired PAXG with BTC, BNB, BUSD, and USDT, increasing liquidity and providing investors with digital access to gold. Around the same time, Paxos's own exchanges, itBit, and Kraken, also began supporting PAXG. By the end of the year, the circulating supply and market capitalization of PAXG continued to grow steadily; PAXG was now more widely recognized as the next-generation version of gold investing.2021 - Growth Accelerated: 2021 was a breakout year for PAXG. According to data published by Paxos, the PAXG supply surpassed 125,000 tokens just 18 months after launch, and its market capitalization had risen to approximately $240 million. This represented more than fourfold growth in a single year. That same year, Paxos entered the Indian market; WazirX, one of the country's largest platforms, listed the PAXG/INR pair, opening a direct path to "digital gold" for Indian users. On the transparency front, Paxos further strengthened its commitment. Independent auditing firm Withum began publishing monthly reports verifying the gold held in Paxos's custody accounts by comparing it with the circulating token supply. These reports were publicly published. Paxos also announced that the gold held in reserves was protected by Brink's security standards, and that large investors holding sufficient tokens could, if they wish, directly receive LBMA-certified bullion.2022 - Digital gold moves into the mainstream: By 2022, PAXG was no longer just a hot topic for tech enthusiasts but also institutional investors. Coinbase's listing of PAXG was a significant milestone for investors prioritizing regulatory compliance, especially in the US. Global exchanges like KuCoin, Bitstamp, and Bitfinex also began listing PAXG, further expanding its reach. Throughout that year, the amount of PAXG in circulation steadily increased; in conjunction with global gold price movements, the token's daily trading volume sometimes reached $50–100 million.2023 - Ecosystem and institutional advancements: By 2023, PAXG's market capitalization was approaching the billion-dollar mark, while the tokenization trend was gaining momentum in the traditional financial world. Gold-backed digital assets were gaining popularity among both institutional and individual investors. Paxos has become one of the industry's trusted infrastructure providers, undertaking high-profile projects like PYUSD, while also forging new integrations and partnerships for PAXG. Many fintech companies have added PAXG to their product lines to offer gold investments to their customers, and some investment platforms have made PAXG trading and custody part of their standard services.2025: In 2025, PAXG took the step of zeroing out transfer fees on the Ethereum network, reducing gas costs for large token transfers. Its access to exchanges has been expanded: It is scheduled to list on major platforms like OKX in October 2025, increasing liquidity. In line with the rise of tokenized gold assets, PAXG also gained a significant share of the gold-backed digital asset class in 2025, demonstrating increased investor interest and institutional adoption. As of November 2025, the PAXG price remains pegged to $4,200 per ounce of gold. Why is PAXG Important?Now, let's take a look at why PAXG is so talked about and why it's so important.New Uses for Digital GoldPAXG's true power lies not only in being a gold-backed token, but also in expanding its use cases by moving gold to the blockchain. While traditionally buying, storing, and transferring gold was a hassle, with PAXG, this process takes seconds. Investors can add gold to their portfolios without buying bullion or opening a gold account, using it for either long-term value storage or short-term transactions. This flexibility makes PAXG a powerful alternative in the modern investment world.A Fast Bridge Between BordersPAXG offers a seamless transition between fiat and cryptocurrency and the physical and digital worlds. You can either convert PAXG with Turkish Lira to gold or convert PAXG into physical gold bars. Thanks to the redemption options Paxos offers users, PAXG can be converted into real bullion when needed. This bridge function makes PAXG a practical solution preferred by both individual users and institutional investors. Actions between PAXG/crypto deposit and fiat deposit. Its structure is suitable for the corporate worldPAXG provides significant operational convenience for gold trading companies, private banking units, or institutions involved in value transfers. While international gold transfers can take days, PAXG transfers are processed in seconds, eliminating logistics, insurance, and storage costs. By integrating PAXG into customer accounts, institutions can offer digital gold services and, through smart contracts, produce gold-backed products. This growing professional use is driving PAXG's growing presence in the financial ecosystem.Gold Working in the DeFi WorldPhysical gold doesn't generate income, but PAXG does. Being a token running on Ethereum makes PAXG usable as collateral, liquidity, or a borrowing tool in DeFi protocols. MakerDAO's acceptance of PAXG as collateral is a prime example of this. It can also provide liquidity on platforms like Uniswap and SushiSwap, and PAXG can be borrowed against in some decentralized lending protocols. This is one of the most critical features that "transforms gold from a passive investment tool into an active financial instrument."Full reserve, full trust modelThe most crucial element that solidifies PAXG's value is the 100% verification of its gold reserves. These gold coins, held in Brink's vaults, are checked through monthly independent audits; Paxos proves that each token in circulation matches the gold in the vault. Furthermore, users can see the corresponding PAXG bullion, down to its serial number. Because customer assets are separated from the company's balance sheet, any financial problems Paxos may experience do not affect user assets. This level of transparency and trust makes PAXG one of the most reliable gold tokens on the market. Paxos fiat/stablecoin conversion Flexible supply and secure issuance mechanismPAXG operates on a "mint & burn" model. This means that when someone deposits gold into Paxos, new PAXG is minted; when someone returns their PAXG, the token is burned, releasing the gold. This mechanism ensures that the supply builds naturally and is always tied to physical gold. The low minimum purchase limit (0.01 PAXG) makes gold investment accessible even to small investors.A token economy supported by transparencyBecause PAXG is an ERC-20 token, all data is trackable on-chain. Total supply, burned tokens, transfers—all can be viewed instantly via Etherscan. Paxos also shares reserve information, audit reports, and allocated gold data via real-time APIs, making PAXG a fully open model. This level of transparency both increases trust and is among the reasons institutional investors seeking a regulation-focused product prefer it. PAXG Developers and LeadershipThe team behind PAX Gold is Paxos Trust Company, founded in 2012. The company operates as a regulated trust institution authorized by the State of New York, developing blockchain infrastructure. Paxos's primary goal is to bring traditional finance and digital assets together.Co-founder Charles Cascarilla is the originator of PAXG's idea. A financier with a Wall Street background, he took the idea of solving the perennial challenges of gold investment with blockchain and transformed it into PAXG. Co-founder Rich Teo is a strong technical player who complements this vision. The entire team focuses on developing digital infrastructures that enhance financial confidence.Paxos's most striking aspect is its "regulation first" approach. PAXG's launch with NYDFS approval before its launch is a clear example of this approach.Highlights from the Leadership TeamPaxos' management consists of experienced individuals from the traditional finance and technology worlds. CEO Charles Cascarilla is the leader who sets the company's vision; CTO and co-founder Rich Teo is the technical mind focused on the financial applications of blockchain technology.The company's compliance department includes former regulatory agency employees, development includes engineers known in the crypto industry, and executives with Wall Street backgrounds. The fact that Paxos's advisory board includes former senators and financial regulators demonstrates the company's commitment to compliance.This team makes it possible to create a product like PAXG that is both technically sound and legally sound.The Company's Other ProjectsPAX Gold isn't Paxos's only project; on the contrary, the company's product family is quite extensive.Pax Dollar (USDP) is one of the first USD stablecoins backed one-to-one by the US dollar and compliant with regulations.Binance USD (BUSD) is a stablecoin launched in partnership with Paxos and Binance.PayPal USD (PYUSD) is one of the world's first major technology-stablecoin collaborations powered by Paxos's infrastructure.Paxos also operates its own cryptocurrency exchange, itBit, and offers blockchain-based securities clearing services to many traditional financial institutions. Pilot clearing of some stock transactions on blockchain in the US has been made possible by Paxos's infrastructure.The company has also initiated efforts to obtain a national bank license from the US Office of the Comptroller of the Currency, demonstrating the ambitious nature of Paxos's long-term vision.Regulatory ApproachPaxos places a high priority on compliance in all areas of its operations. A New York trust license, full reserve backing of client assets, monthly independent audit reports, and robust KYC/AML processes—all of these ensure Paxos's credibility in the industry.This approach is directly reflected in PAXG. PAXG is considered one of the most transparent and regulated gold tokens on the market. While competing gold tokens occasionally face reserve and compliance disputes, Paxos's approach makes PAXG a much more reliable option for institutional investors.Paxos plans to continue collaborating with regulatory bodies in the future and expand its product portfolio in line with global legal frameworks. This stance will remain a cornerstone of PAXG's long-term trust-based journey.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about PAX Gold:What is PAXG and how does it work?: PAX Gold (PAXG) is a gold-backed cryptocurrency where each token is equivalent to one physical ounce of gold. PAXG operates on the Ethereum blockchain using the ERC-20 standard and is managed by Paxos. Paxos issues PAXG tokens in exchange for LBMA-certified gold bars held in its vaults. This allows PAXG token holders to own gold digitally. The system works on the principle that Paxos deposits gold into the vault when minting tokens and removes gold from the vault when redeeming them. Ultimately, the amount of PAXG in the market remains identical to the amount of gold in the vaults, and the token value is always linked to the price of gold.How are reserves stored and verified?: PAXG's gold reserves are stored in high-security vaults such as Brink's in London. This gold is held by Paxos Trust on behalf of customers and is regularly audited. Every month, an independent auditing firm (Withum) examines Paxos's reserve accounts and publishes reports confirming that the number of PAXG in circulation exactly matches the number of gold ounces in the vault. Paxos also offers a query tool for transparency, allowing users to view the serial numbers and details of the gold bars corresponding to the PAXG in their wallet addresses. These mechanisms continuously verify the security and integrity of PAXG reserves.Which exchanges is it traded on?: PAX Gold is currently listed on many major cryptocurrency exchanges. You can find PAXG in various trading pairs on global exchanges such as Binance, Coinbase, Kraken, KuCoin, Bitstamp, and Gemini. Local exchanges in the Turkish market, such as Paribu and BTCTurk, periodically add PAXG to their listings (subject to change depending on listing status). You can also trade PAXG for other Ethereum-based tokens on decentralized exchanges (such as Uniswap). Because of its high liquidity, PAXG transactions generally occur with low slippage and can be easily traded on many platforms.Is it possible to buy physical gold with PAXG?: Yes, PAXG holders can convert their tokens into physical gold, but there are practical requirements. Paxos allows users who accumulate a sufficient amount of PAXG (at least 1 oz and multiples thereof) to exchange their tokens for physical gold bars. For example, if you hold 400 PAXG, this is equivalent to exactly 400 oz of gold bars, and you can purchase these bars through Paxos. For smaller amounts, Paxos offers token holders the option to convert their gold to cash or convert it into unallocated gold credits. It is also possible to purchase PAXG in gold bars or coins in certain weights through some partner organizations. However, such transactions generally require additional transaction fees and identity verification. In summary, PAXG is one of the few tokens that offers direct gold delivery, but due to logistical and regulatory requirements, this option is mostly used by large investors.Which network does PAXG operate on?: PAX Gold initially runs on the Ethereum network and adheres to the ERC-20 standard. Therefore, all Ethereum-compatible wallets (MetaMask, Ledger, Trust Wallet, etc.) and platforms support PAXG. Currently, Paxos has not directly issued PAXG on another blockchain. However, users can use PAXG in other ecosystems by bridging it to different networks. For example, some DeFi bridges allow PAXG to be transferred wrapped in the Binance Smart Chain network. Officially, Paxos operates all of PAXG on Ethereum. Paxos will announce multi-chain support if it becomes available in the future.What are the advantages for individual investors?: PAXG offers individual investors a secure, low-cost, and highly practical investment option without the hassle of physical gold. Gold is stored in professional vaults, and investors can manage it digitally without paying any storage fees. Investments can be made with very small amounts, PAXG is traded 24/7 on global exchanges, and transfers can be made in seconds. Paxos's regular audits ensure transparency, and unlike physical gold, PAXG can also be used as collateral or yield on DeFi platforms. All of these features make PAXG a versatile and modern "digital gold" alternative for the individual investor.
LINK Comment and Price Analysis - November 13, 2025
LINK/USDT Technical AnalysisChainlink has taken another major step toward bringing real-world data on-chain for institutional use. In recent days, ETF-related progress, renewed whale accumulation, and growing attention around the project have strengthened the case for LINK evolving beyond a simple crypto infrastructure token, potentially becoming a bridge between blockchain and traditional finance. Falling Wedge Formation and Falling Trend Analyzing the chart on the 4-hour time frame we see that the coin is currently trading within a falling wedge formation, a pattern that often appears near the end of downtrends and suggests the potential for a bullish reversal. The price is currently trading around $15.18, hovering near the midline of the short-term channel. While a minor bounce has occurred from the lower boundary, the overall structure remains compressed within the wedge.If a breakout occurs, the first target lies in the $17.40 – $17.70 range. This is a zone notable for its prior trend test and high trading volume. If the momentum continues in line with the wedge’s height, a further move toward the $18.60 – $20.00 resistance band becomes possible.On the other hand, losing the $14.85 support would expose the price to a potential pullback toward $14.20, the wedge’s lower boundary. This area represents the final defense for maintaining the current structure and could serve as a potential rebound zone.Support and Resistance LevelsSupport levels: $14.85 –$14.20 – $13.10Resistance levels : $15.88 – $17.40 – $18.60 – $20.00These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during the transactions.
Czech Republic's Central Bank Takes Historic Step: Acquires Bitcoin and Stablecoins
The Czech National Bank (CNB) has taken a groundbreaking step for central banking in Europe. The bank announced the creation of a $1 million digital asset portfolio consisting of Bitcoin, a US dollar-pegged stablecoin, and a tokenized deposit. This portfolio is not part of the institution's official international reserves; it is a test account created solely for training, experience, and future planning purposes.The Czech National Bank breaks the moldCentral banks are known to shy away from directly holding cryptocurrencies. Due to volatility, regulatory uncertainty, and institutional risks, digital assets have not been included on central banks' balance sheets until now. Therefore, the CNB's move is considered both a first in the European Union and a significant global milestone.The CNB approved this pilot on October 30th. According to the bank's statement, the aim is to directly experience the processes of purchasing, storing, and managing blockchain-based assets. The experience gained from this process will be shared in regular reports over the next 2-3 years. The bank emphasizes that the total investment amount will not be increased and that this portfolio is financed independently of existing reserves.The most interesting aspect of this pilot program is that Bitcoin will be included on a central bank's balance sheet for the first time. CNB President Aleš Michl says that this idea was first raised in January 2025. This proposal, criticized by European Central Bank (ECB) President Christine Lagarde at the time, has now received official approval from the CNB's board of directors. The Czech Republic, despite being an EU member, has not adopted the euro, giving its central bank more leeway.Michl stated the following in a statement today: “I proposed the idea of a test portfolio in January 2025. Our goal was to understand how a decentralized asset like Bitcoin is positioned from a central bank perspective and to assess its potential for diversifying our reserves.”The assets added to the bank's test portfolio aren't limited to Bitcoin. The portfolio also includes a USD stablecoin; this was included to better understand the practical application of the blockchain-based dollar. It also examines how a tokenized deposit and the digital representation of traditional financial assets work.
Binance Prepares to List New Altcoin: Alpha and Futures Trading Begins
Binance is adding a new project to its crypto ecosystem. Pieverse (PIEVERSE), developed on BNB Chain and treating time as an asset class, will begin trading on both Binance Alpha and Binance Futures on November 14th. This will make Pieverse one of the newest projects to enter the Binance ecosystem simultaneously through two different products.According to the platform's announcement, PIEVERSE will launch on Binance Alpha at 2:00 PM CEST on November 14, 2025. The PIEVERSEUSDT futures contract, offering up to 40x leverage, will be activated on Binance Futures at 2:30 PM CEST on the same day. Binance has raised expectations for the project by emphasizing that it is the first platform to list Pieverse.To celebrate this listing, Binance has also prepared a special Booster Program token allocation for eligible users who accumulate Alpha Points. However, tokens purchased through the program will be subject to a lockup period after the TGE. Users will not be able to claim these tokens until the project unlocks them. Binance specifically emphasizes that everyone participating in the Booster Program should understand these risks, as locked tokens can pose additional uncertainties for users due to market volatility and project risks. There are also noteworthy details regarding futures. The maximum leverage ratio for the PIEVERSEUSDT contract is set at 40x. Funding fees will be calculated every four hours, and the initial maximum funding ratio will be +2% / -2%. Thanks to Multi-Asset Mode support, users can trade this contract using other assets, such as BTC, as collateral, subject to appropriate deductions. Binance adds that it can adjust contract parameters such as the funding ratio, leverage limit, margin requirements, and tick size based on market conditions.What is Pieverse?The Pieverse project itself is also generating interest. Pieverse is a platform that, with its "TimeFi" approach, treats time as a real-world asset (RWA) and creates an AI-powered economy. Users can explore their time, earn money, and manage it through mechanisms like offers, lotteries, tasks, or challenges. Pieverse connects Web2 calendars (Google, Outlook) to Web3, enabling verifiable interactions, bringing users' time management, planning, and attention processes onto the chain.One of the platform's most prominent components is TimePot. This platform provides a revenue mechanism that converts user attention and planning into token rewards. It also establishes a framework that guides users in areas such as healthy living, work discipline, and learning goals through AI-powered personal time challenges. Pieverse's community-focused structure is supported by DAO governance, and its VC Arena section brings together creators, founders, and communities to present projects to venture capitalists.Pieverse, which emerged from the Binance MVB 9 support program, is positioned as one of the next-generation platforms that financialize time. Considering both its decentralized application logic and RWA approach, it is anticipated that the concept of TimeFi will be discussed more frequently in the coming period. Binance's statement emphasizes: Futures listings are not directly related to spot listings. Therefore, PIEVERSE's listing on Futures does not necessarily mean it will also be listed on the spot market. Users are advised to follow the official Binance announcements for the latest information.
Coinbase Lists Nomina, Adds TON and XPL to Roadmap
Coinbase continues its expansion into altcoins at full speed. While preparing to list Nomina (NOM) on its platform, the exchange also added Plasma (XPL) and Toncoin (TON) to its official roadmap on the same day. This not only announced a new asset that will be available for trading in the near future but also officially launched the listing process for two popular altcoins.Coinbase Lists NOMCoinbase has made a new announcement that is boosting activity in the crypto market. The US-based exchange continues to expand its listing volume by adding a new altcoin to its ecosystem. According to the company's latest statement, Nomina (NOM) has been added to Coinbase's official listing roadmap and will be available for trading soon. This prepares NOM to become a new asset on the platform accessible to both individual and institutional investors.Coinbase's announcement stated that Nomina will be accessible via coinbase․com, the Coinbase mobile app, and Coinbase Advanced. For institutional investors, trading will be initiated directly through Coinbase Exchange. At this point, the company emphasized that liquidity will be the determining factor. The NOM-USD trading pair is planned to be gradually activated in the evening hours of November 13, 2025; however, sufficient liquidity is essential for this to happen. Full-volume trading will be launched once liquidity is established.However, Coinbase also noted that the new listing may not be available in every region. Due to varying regulatory restrictions and licensing requirements, NOM may be unavailable in some countries. Therefore, users are strongly advised to check regional restrictions before trading. With these compliance steps, the company aims to both remain within the legal framework and prioritize user security.Price volatility on the Nomina side was also felt shortly after the announcement. According to market data, the NOM price experienced a limited increase due to the news, but returned to a steady trend later in the day. The NOM price is currently trading at 0.0144, a 1.8% increase in the last 24 hours. Coinbase Adds TON and XPL to its RoadmapCoinbase hasn't limited its listing roadmap to just Nomina. The company announced today that two new assets have been added to its roadmap: Plasma (XPL) and Toncoin (TON). The date for trading for these assets has not yet been determined. According to a statement from the Coinbase Markets team, the process for both assets will depend on market maker support and the full readiness of technical infrastructure. The company will announce the trading start date when these conditions are met.Coinbase's addition of an asset to its roadmap officially announces that the altcoin may be listed in the future. This phase doesn't guarantee a listing, but it does indicate that Coinbase has begun technical and compliance reviews on the asset. This officially begins the process: regulatory checks are conducted, security tests are conducted, and market maker liquidity is assessed. Once all conditions are met, the asset receives a full listing announcement and trading pairs are activated. Therefore, adding it to the roadmap is generally seen as a positive and “candidate listing” signal for an altcoin.
ARB Comment and Price Analysis - November 12, 2025
ARB Technical AnalysisArbitrum hasn't been experiencing any significant activity in terms of trading volume or network activity recently. However, the price's struggle to hold onto support areas and heavy buying at some addresses suggest it remains on investors' radar. While on-chain data remains calm, there's potential for direction on the technical side. Falling Wedge Formation Analyzing the ARB chart on a daily time frame, we see that the coin keeps trading inside a falling wedge formation. This is typically known as a bullish reversal pattern. The price is currently hovering around the midline of the wedge, and holding this area strengthens the case for a potential upside breakout in the coming sessions. In the short term, the $0.30–$0.32 zone remains a key support area. As long as the price stays above this level, the overall outlook remains constructive.The $0.36–$0.39 range is the first major resistance and could mark the start of a move toward the wedge’s upper boundary. If an upside breakout occurs, targets lie at $0.45–$0.51, with the full wedge projection pointing toward $0.62.However, a daily close below $0.28 would weaken the structure and increase selling pressure.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, traders are responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during trades.
What is XDC Network (XDC)?
Global trade is accelerating daily, but financial systems still operate with the cumbersome legacy of the old order. Payments take days, documents are lost in paperwork, and costs are rising. This is where the XDC Network comes into play. Responding to institutions' quest for speed, trust, and efficiency, this hybrid Layer-1 blockchain network combines the best aspects of public and private chains under one roof. It reduces cross-border payments to seconds, digitizes trade finance, and reduces transaction costs to nearly zero. Thanks to its Ethereum-compatible infrastructure, smart contracts run seamlessly on XDC, and its native token, XDC, is at the heart of this new digital financial system.XDC Network Definition and OriginsFounded in 2017 by Atul Khekade and Ritesh Kakkad, XDC Network began its journey with the goal of transforming the slow, expensive, and complex financial systems of global trade. Khekade was an experienced entrepreneur in finance and technology, while Kakkad was an expert in cloud infrastructure and web technologies. The duo aimed to establish an ecosystem that would bring together governments, financial institutions, suppliers, and regulators on the same digital network. Developed with this vision, the XDC Network aims to bring speed and transparency to the global economy by providing a more efficient financial infrastructure.Traditional trade finance still operates through documents, letters of credit, and paperwork. Payments take days, fees increase, and processes are prone to errors. The XDC Network breaks this chain. The network transforms commercial documents and financial instruments into digital tokens and brings them to the blockchain. This allows transactions to occur in seconds, reduces costs, and makes the entire process more transparent and traceable.Thanks to its hybrid blockchain architecture, XDC provides full visibility into public transactions while also providing privacy to enterprises through dedicated subnets. This structure enables companies to comply with regulatory requirements without compromising data privacy. In short, the XDC Network stands as a blockchain infrastructure that redefines the balance of speed, security, and cost at an enterprise scale. XDC subnet image. Source: XDC/Docs XDC Network History: Major MilestonesSince its launch in 2017, the XDC Network has grown steadily, becoming a major player in the global trade infrastructure. Here are the major milestones in the network's journey:2017: The XinFin (eXchange inFinite) project was announced, and the foundations of the XDC Network were laid by Atul Khekade and Ritesh Kakkad. Initially, the Ethereum-based XDCE token was issued, with plans to later convert these tokens into XDC mainnet tokens on a 1:1 basis.June 1, 2019: The XDC mainnet officially launched. This was the first concrete milestone in the project's goal of "bringing global trade to the blockchain." With the launch of the mainnet, XDC became an independent entity operating on its own chain.2020: The XDC Network was cited as a case study in a report prepared by the World Trade Organization (WTO) and the International Chamber of Commerce (ICC). The TradeFinex platform was featured in the WTO's book "Blockchain & DLT in Trade" as an example of blockchain applications in trade finance. This earned XDC recognition in the global trade community.2021: The XDC Foundation was established to support the growth of the ecosystem. Established with grant support from XinFin, this foundation undertook community-driven development and ecosystem funding. That same year, XDC became the first blockchain project to join the Trade Finance Distribution Initiative (TFD Initiative) institutional trade finance consortium. In September, a bridge was created between R3's enterprise network, Corda, and XDC. This bridge made the XDC token available as a native payment instrument in the Corda ecosystem, establishing a direct connection between private enterprise networks and the public blockchain.2022: The first security-backed tokens were launched on XDC. Tradeteq issued TRADA tokens, backed by traditional financial assets, on the XDC network. These regulatory-approved tokens securitized trade finance assets and opened them to investors. That same year, STASIS EURS, Europe's largest euro-backed stablecoin, began trading on XDC. This step demonstrated that XDC could be used for fiat-backed digital money transfers across multiple chains.2023: The XDC ecosystem gained wider adoption in the enterprise space. In December, a digital trade transaction secured by an electronic bill of lading (e-BL) was executed on the XDC Trade Network in collaboration with Tradeteq and TradeFlow Capital. This transaction, which provided liquidity for a seven-day shipment period, demonstrated the practical benefits of XDC in trade finance. That same year, a partnership with Japan-based SBI Holdings launched SBI XDC Asia Pacific. This initiative accelerated enterprise integration in the Asian market.2024: The XDC developer community announced the XDC 2.0 update, designed to improve the network's security and performance. Whitepapers published in December 2024 introduced a Byzantine Fault Tolerance (BFT)-based mechanism, advanced forensic monitoring, "guard nodes," and an automatic token burn system, in addition to the Delegated Proof of Stake system. These innovations increased the network's transaction finality and reduced block times to an average of 6 seconds. That same year, the Real World Assets (RWA) Accelerator Program was launched. XDC began providing funding and mentorship support to RWA startups by partnering with global accelerators like Plug and Play.2025: The XDC Network celebrated its sixth anniversary as a mainnet. The total number of transactions exceeded 800 million, and RWA applications on the network grew globally. Brazil-based VERT Capital launched the first large-scale RWA application in Latin America by tokenizing approximately $1 billion in receivables and payables on XDC. During the same period, the UK-based Archax exchange tokenized money market products of major funds such as BlackRock, Fidelity, and State Street on the XDC network. This development signaled that global financial giants were actively using XDC. In July 2025, Binance.US listed the XDC token and launched XDC/USDT trading in the US market. This listing significantly increased XDC's liquidity and visibility.As of November 2025, the XDC coin price is trading around $0.05. The coin has had a price chart like the one below since its launch. Why is the XDC Network Important?The XDC Network's value comes not only from its technical features but also from the real-world solutions it offers. The network has a wide range of uses, both for businesses and individuals. This transforms it from a simple Layer-1 platform into a part of the global financial infrastructure.Cross-border PaymentsCross-border payments are one of the most time-consuming areas in global trade. In traditional systems, a transfer can take days to complete, and intermediaries like SWIFT charge high fees. The XDC Network changes this. Thanks to its ISO 20022 messaging standard-compliant architecture, banks can process transfers over the XDC network in seconds. For example, the network's Impel platform allows institutions to make payments with both USD-backed stablecoins and the XDC token, making transactions fast, transparent, and cost-effective. XDC's value in this area stems from its direct response to the "efficiency and speed" challenge that has plagued the financial world for years. Smart ContractsBecause the XDC Network is compatible with the Ethereum Virtual Machine (EVM), developers can easily port their dApps to the network. Smart contracts written in Solidity run on XDC, with near-zero transaction costs. This creates an attractive platform for DeFi protocols, NFT marketplaces, gaming projects, and enterprise applications. In other words, XDC isn't just a network focused on corporate finance; it also offers a scalable, fast, and affordable ecosystem for developers. The architecture of XDC. Trade financeXDC Network's strongest area is the financing of global trade. Today, many export and import transactions are still conducted with paper documents, and letters of credit processes take weeks. XDC replaces this legacy system with a digital, blockchain-based model. Invoices, checks, and promissory notes can be tokenized and offered to global investors through platforms like TradeFinex. This allows an exporter to convert their receivables into digital assets with just a few clicks, providing instant liquidity. XDC's participation in international consortia like the TFD Initiative further strengthens its role as a standard-setter in trade finance. This field is measured in trillions of dollars, so XDC's position in this field directly increases the economic value of the network.TokenizationThe future of traditional finance is being shaped by the concept of "tokenization," and XDC is at the center of this transformation. Creating digital representations of physical or financial assets on the blockchain offers significant advantages to both investors and issuers. Comtech Gold, operating on XDC, has launched CGO tokens, each backed by 1 gram of 24-karat gold. Similarly, the UK-based Archax exchange tokenized the money market funds of giants like BlackRock and Fidelity on the XDC network. Assets such as real estate, bonds, commodities, and even carbon credits can be represented this way. Thanks to tokenization, these assets become tradable 24/7, increasing transparency and making the financial world more liquid.The Role of the XDC TokenXDC is used to pay transaction fees on the network, run smart contracts, and transfer value. Here, XDC takes on the same function as ETH on Ethereum. Token holders participate in the network's consensus process by staking their XDC, contributing to network security and earning rewards in return. XDC is also used as a governance tool for community votes and network protocol updates. This means users don't just hold tokens; they can directly shape the future of the network. Supply Model and Burning MechanismXDC's total supply is estimated at approximately 37–38 billion units. As of 2025, approximately 17.7 billion of this amount are in circulation. The remainder is gradually incorporated into the system through rewards and incentive programs. The model is built on a balanced inflation and deflation structure. Validating nodes earn XDC as rewards for producing new blocks, while a portion of transaction fees are burned (permanently removed from the system) to keep the supply under control.With the XDC 2.0 update, announced in 2024, this burning mechanism will be automated. A certain percentage of the fees collected in each block will be burned at a rate determined by the community. This way, as network usage increases, XDC will become deflationary. Combined with low transaction fees, this model offers a predictable and sustainable economic structure for institutional users.Staking and Network SecurityThe XDC Network uses a consensus mechanism called XinFin Delegated Proof of Stake (XDPoS). In this system, validators (masternodes) who protect the network verify transactions by staking a minimum of 10 million XDC. The high staking requirement increases the cost of malicious behavior, making the network resilient to attacks.Currently, there are over 100 active validators on the network. In addition, backup structures called "guard nodes" are in place, ensuring the uninterrupted operation of the network. Honest validators earn rewards for each block, while nodes that make erroneous transactions or attempt to manipulate the system face slashing (penalties). This system both strengthens security and incentivizes participants to act honestly.In terms of energy efficiency, XDC is far ahead of traditional blockchains. It consumes a million times less energy than Proof of Work systems. This environmentally friendly structure aligns with sustainability standards, which are particularly important for institutional investors. Ecosystem IncentivesThe XDC Network has established a vibrant ecosystem not only technically but also in terms of community and innovation. The XDC Foundation, established in 2021, accelerates the network's growth by providing grants to developers and projects. Teams working in the DeFi, NFT, and RWA (real-world assets) space utilize these funds to build their products on XDC.Bug bounty programs, hackathons, and accelerator collaborations are organized to keep the community active. Developers are rewarded with XDC for discovering vulnerabilities or developing new solutions. In 2024, the hybrid oracle project Plugin and the NFT/DeFi initiative Prime Numbers benefited from these incentives and grew.To expand the ecosystem globally, XDC partnered with accelerators like Plug and Play, providing investment, mentorship, and technical support to new ventures. These incentives create a continuous cycle of innovation within the ecosystem. Each new project increases the network's usage and, consequently, the demand for XDC.XDC Network Developers and LeadershipXDC Network founders Atul Khekade and Ritesh Kakkad launched the project in 2017 with the vision of bringing finance and technology together. Khekade is an entrepreneur developing permissioned blockchain systems for banks in Asia, while Kakkad is a veteran of cloud technologies and network security. The project initially began at Singapore-based XinFin Fintech Pte. Ltd., then transitioned to a more transparent structure in 2021, establishing the XDC Foundation. The Foundation oversees developer relations, corporate collaborations, and global outreach activities.Professor Pramod Viswanath from Princeton University led the technical development of XDC 2.0's BFT-based consensus protocol. André Casterman, with 20 years of SWIFT experience, serves as an advisor. In 2022, Japanese financial giant SBI Holdings became a strategic partner to support XDC's Asia-Pacific expansion, and in the Middle East, gold tokenization projects were developed with Comtech Gold. Thanks to the open source community and the XDC Improvement Proposal (XIP) system, the network's development is now shaped by global developers.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the XDC Network:What is the difference between XDC and Ethereum?: While Ethereum is a general-purpose network, the XDC Network focuses on trade finance and corporate payments. Ethereum has a transaction capacity of around 15–30 TPS and high fees, while XDC, with its Delegated Proof of Stake + BFT architecture, can process approximately 2000 transactions per second and costs under $0.0001. XDC's hybrid architecture supports private subnets, and thanks to its ISO 20022 compliance and R3 Corda integration, it can integrate directly with financial institutions.Where can I buy XDC tokens?: XDC is traded on global exchanges such as KuCoin, Bybit, Gate.io, and MEXC. It will also be listed on Binance.US by 2025. It may be available on some platforms in Turkey. Because XDC is compatible with Ethereum, it can also be purchased on DEXs with the wXDC version. However, the safest way to trade is through centralized exchanges.How many TPS does the XDC network have?: The network has a capacity of over 2000 transactions per second (TPS). Compared to Bitcoin's 7 TPS and Ethereum's 30 TPS, XDC is considerably faster. Its average block time is around 2 seconds. The upcoming XDC 2.0 update will provide instant transaction finality and further increase network capacity.Why do corporates use XDC?: XDC offers low cost, high speed, and privacy for corporate transactions. Thanks to its ISO 20022-compliant structure, it integrates with banking systems. Solutions like Impel are developing alternative payment channels to SWIFT. Thanks to its hybrid architecture, companies can transact on both private and public networks. Furthermore, R3 Corda integration and TradeFinex partnerships enable large institutions to actively use XDC.Is it possible to issue tokens on the XDC network?: Yes. XDC offers easy token creation thanks to the Ethereum-compatible XRC20 standard. Developers can issue their own tokens with a simple smart contract. It also supports the XRC721 (NFT) and XRC1155 multi-token standards. Projects such as Plugin (PLI), StorX (SRX), and EURS currently use these standards.You can find the latest content, user guides, and analyses about XDC and enterprise blockchain solutions in the JR Kripto Guide series.
A New Zcash Treasury Has Been Established with Winklevoss Support
US-based biotechnology company Leap Therapeutics has made a bold move into the cryptocurrency sector. The Nasdaq-listed company has changed its name to "Cypherpunk Technologies Inc." As part of this transformation, the company purchased 203,775.27 tokens of the privacy-focused cryptocurrency Zcash (ZEC). This purchase, made at an average price of $245, marked one of the largest investments in privacy-themed assets on the institutional side.$58.88 Million Funding Completed Led by Winklevoss CapitalThe company's transformation was supported by a $58.88 million private equity raise, led entirely by Winklevoss Capital. Approximately $50 million of this funding was used to directly purchase ZEC. The company will trade on the stock exchange under the new ticker symbol "CYPH" starting Thursday.Cypherpunk Technologies' statement stated that its digital asset strategy will complement the company's existing biotechnology activities. CEO Douglas E. Onsi said, “The Zcash investment is part of our goal to create long-term shareholder value. We believe these privacy-based technologies will be critically important, both financially and socially, in the future.”As part of the restructuring, the management team has also changed. Khing Oei, founder of Netherlands-based Bitcoin treasury firm Treasury, has become Cypherpunk’s chairman, while Will McEvoy of Winklevoss Capital has been appointed the company’s first CEO. McEvoy said their investor base has formed “a value-driven community that believes in the long-term potential of Zcash and the future of privacy.”Zcash had gained nearly tenfold in value in the past two months, reaching $735 before falling back to around $460. According to CoinGecko data, the token is still well below its 2016 peak of $3,191. Despite this, Zcash is considered an “encrypted version” of Bitcoin thanks to its privacy-preserving architecture that uses zero-knowledge proofs. According to Galaxy Digital analyst Will Owens, Zcash is an alternative cryptocurrency to Bitcoin in the growing on-chain surveillance environment.Winklevoss Capital, the investment firm led by the Winklevoss brothers, has recently increased its investments in crypto and financial technologies. The firm, the parent company of the Gemini exchange, reported a net loss of $159.5 million in its first post-IPO financial statement as it prepared to enter the prediction markets in recent months.Cypherpunk Technologies' Zcash-focused strategy can be considered parallel to the trend of holding crypto assets in corporate treasuries. This trend, which began with MicroStrategy's Bitcoin accumulation model, is now extending to more niche projects. Furthermore, Zcash's privacy-based structure symbolizes a return to its "cypherpunk" roots.Due to all these developments, the price of Zcash's ZEC is on the rise. As of November 12, 2025, Zcash (ZEC) is trading at $468.74, up 5.88 percent.
After XRP, Now Chainlink: Bitwise ETF at DTCC
Bitwise, a US-based investment giant, is expanding its foray into the crypto ETF space. The company's spot Chainlink ETF, codenamed CLNK, has been added to the Depository Trust & Clearing Corporation (DTCC) in the US. This development marks the product's arrival, marking the ETF's operational readiness despite the lack of official approval.CLNK surpasses critical pre-launch thresholdDTCC is the agency responsible for clearing and custody of securities transactions in the US. Being listed on the agency's "active and pre-launch" list generally indicates that an ETF has completed its technical preparations and can begin trading quickly after approval. The inclusion of Bitwise's CLNK fund on this list demonstrates that all the necessary infrastructure has been established for a rapid launch following regulatory approval.However, the crucial point here is that DTCC listing does not imply SEC approval. The US Securities and Exchange Commission (SEC) remains the final arbiter of an ETF's ability to trade in the market. Therefore, the timing of CLNK's trading depends entirely on the SEC's decision.This development stands out as another example of the growing interest in ETFs in the crypto market. Following spot Bitcoin and Ethereum ETFs, asset managers are now racing to offer investors funds based on other major blockchain ecosystems. The Chainlink ETF is part of what could be called the "third wave."Chainlink is a project known for its decentralized oracle infrastructure. This system, which provides external data to smart contracts, forms the basis of many applications, from DeFi to tokenization projects. Bitwise's ETF based on this project will allow institutional investors to access crypto assets directly without opening a wallet. This means investing in LINK will now be possible through a regulated product traded on an exchange.For institutional investors, Chainlink represents an investment in the "infrastructure layer" of blockchain technology. Oracle systems play a critical role in both interchain data transfer and the secure operation of tokenization. Therefore, institutional interest in projects like LINK has been steadily increasing recently.If Bitwise's Chainlink ETF is approved, it will significantly expand the range of crypto-based investment products. Following Bitcoin and Ethereum, the bridge between traditional markets and DeFi infrastructure will be further strengthened.Furthermore, considering other ETF applications pending with the SEC, such as spot Solana and Avalanche, CLNK's approval could mark a significant turning point in the crypto ETF race. As traditional investors' interest in digital assets grows, Bitwise's move stands out as a significant development in terms of long-term institutional capital flows into both the Chainlink ecosystem and the broader crypto market.At the time of writing, LINK's price is trading around $15.5, up 2%.
JPMorgan Announces: JPM Coin Era Has Begun in Payments
JPMorgan has taken a significant step in the cryptoasset ecosystem, launching JPM Coin (JPMD), a deposit token developed for corporate clients, on the Base blockchain. With this step, the bank is ushering in a new era combining traditional finance and blockchain technology.JPMorgan Launches JPM CoinJPM Coin is a "deposit token" representing US dollar deposits. In other words, each JPMD represents an actual bank deposit at JPMorgan. Unlike reserve-backed stablecoins, it integrates directly into the banking infrastructure. Corporate clients can now make near-instant transfers 24/7 using this token. This offers a significant speed and efficiency advantage compared to the limited business hours of traditional banking.Following the completion of a pilot program launched in June, JPMorgan's digital payments unit, Kinexys, launched JPMD on Base. Developed by Coinbase, Base is known as Ethereum's Layer-2 solution. This step is also noteworthy as it marks the first time a major bank has offered a corporate payment solution on a public blockchain. According to information shared by the bank, major financial institutions such as B2C2, Coinbase, and Mastercard have successfully completed test transactions.Naveen Mallela, global co-president of Kinexys, summarized JPMorgan's strategy by saying, "We are advancing transactions on public blockchains. Our starting point was Coinbase's Base network." Mallela also confirmed that JPM Coin will be expanded to include various currencies in the future. The bank has registered a trademark for a euro-denominated version called "JPME." This is being interpreted as a precursor to the transition to multi-currency support for digital deposit tokens.Deposit tokens appear to be the next vehicle for digital transformation in the banking system. Each token is backed one-to-one by the deposit held at the bank, providing the user with a secure, transparent, interest-bearing digital asset. This allows both companies and financial institutions to complete high-volume transactions or international payments in seconds and at low cost. Coinbase is also reportedly accepting JPM Coin as collateral, which could expand the token's use in crypto markets.With this initiative, JPMorgan offers a regulatory-compliant, enterprise-grade model for blockchain-based payments. The bank's digital payment network, Kinexys, currently handles over $3 billion a day in dollar, euro, and sterling transactions. JPMorgan's inclusion in this framework will increase both liquidity and network functionality.JPMorgan's move signals a new era in global banking. Other major banks, including BNY Mellon, HSBC, and Barclays, are also working on similar tokenized deposit solutions.
LDO Comment and Price Analysis - November 11, 2025
LDO/USDT Technical AnalysisThe Lido DAO community has proposed a new liquidity buyback mechanism that aims to distribute LDO/wstETH liquidity as a Uniswap v2-style LP position, with ownership held by the Aragon Agent. Now, let's examine what's happening on the LDO price chart from a technical perspective. Falling Wedge Formation Analyzing the chart on the daily time frame, we see that the coin LDO continues to trade within a falling wedge formation, a pattern typically observed in the final stages of downtrends and often indicative of a potential trend reversal.The price is currently trading around $0.86, with the token recently rebounding from the lower boundary of the wedge and initiating a short-term upward move. If this recovery persists, the first critical resistance zone lies between $0.98 and $1.00, an area that coincides with both a horizontal resistance level and the midline of the wedge. This makes it a decisive threshold for the next move. If LDO manages to close above $0.98 on the daily chart, it would confirm an upward breakout from the falling wedge, potentially extending the rally toward $1.23–$1.50. These levels correspond to previous high-volume price regions, further reinforcing their technical significance.However, the $0.82–$0.80 support zone remains crucial. A breakdown below this area could trigger a deeper pullback toward the $0.70 region, which is the lower boundary of the formation and a key structural support.SummaryLDO maintains its position within a falling wedge, signaling a possible end to the prevailing downtrend.$0.98–$1.00 acts as the key breakout zone.Successful breakout targets: $1.23–$1.50.Breakdown below $0.80 could expose the $0.70 support level.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
ZK Comment and Price Analysis - November 11, 2025
ZK/USDT Technical AnalysisZKsync continues to stand out among projects which have been developed to enhance Ethereum’s speed and cost-efficiency. With the recent “ZKsync Atlas” upgrade, the network announced its ability to process over 40,000 transactions per second, marking a major leap not only in technical performance but also in attracting investor attention. The development team is simultaneously focusing on expanding institutional adoption, positioning the project for broader real-world use. Falling Trend Breakage Analyzing the chart on the daily time frame we see that the coin ZK has broken out of a long-term descending trendline and is currently undergoing a retest phase. Such movements typically signal confirmation of a trend reversal, suggesting a short-term bullish outlook.The price is currently trading around $0.057, trading just above the broken trendline. This level also coincides with a strong horizontal support zone. Holding this region is critical for maintaining the current bullish pattern .Sustained closes above $0.060 could reinforce upward momentum. The first major resistance is seen near $0.078, which aligns with a previous reaction high. A breakout above this level may extend the move toward $0.13, confirming a broader trend reversal.However, daily closes below $0.055 could weaken the structure, increasing the likelihood of a short-term pullback toward the $0.047–$0.044 range.SummaryZK has broken its long-term descending trend and is now in a retest phase.Holding above $0.055 is crucial for sustaining the bullish setup.Key upside targets: $0.078 and $0.13.A breakdown below $0.055 may invalidate the bullish outlookThese analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Morover, it is highly recommended to use stop loss (SL) during the transactions.
