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What is World Liberty Financial (WLFI)?
World Liberty Financial (WLFI) is an innovative decentralized finance (DeFi) platform that aims to bring traditional financial services, ranging from spot transactions to stablecoins, to the blockchain. Founded in 2024, the project attracted attention from its inception thanks to its close relationship with former US President Donald Trump and his family. With the slogan "Where DeFi and traditional finance meet," WLFI aims to provide users with access to financial services using crypto assets without needing banks. Trump's support and investment both brought visibility to the project and sparked discussions of conflicts of interest in some circles. Within the first year of its launch, the platform launched its own dollar-denominated stablecoin, which began to be used in large-volume institutional transactions.So, what is World Liberty Financial, how did it come about, and why is it so talked about? In this guide, we will take a detailed look at all the frequently asked questions about the WLFI platform, from its definition and history to its founders and the WLFI token.The Definition and Origins of World Liberty FinancialWorld Liberty Financial (WLFI) is a hybrid DeFi protocol that aims to bring together traditional finance and the crypto world. The platform allows users to access financial services without a bank or brokerage using their crypto assets. In this context, WLFI aims to bring together decentralized exchanges, stablecoins, lending/borrowing, and payment solutions under one roof. The core idea is to adapt traditional financial instruments to the crypto world while maintaining the transparency of blockchain.WLFI's emergence is directly linked to the Trump family's entry into the cryptocurrency sector. In September 2024, Donald Trump announced that his sons, Eric Trump and Donald Trump Jr., would launch a new crypto venture. This venture was soon launched under the name World Liberty Financial, and its first product, the $WLFI token, was launched in October 2024. During the project's launch, the Trump family made their support clear; Donald Trump even declared himself the platform's "chief crypto advocate." WLFI's vision was shaped with this support: With the slogan "Where DeFi meets TradFi," it aimed to simplify daily financial transactions and reach more people. One of the cornerstones of the WLFI platform is USD1, a US dollar-pegged stablecoin. This coin is fully backed by real-world assets (such as US Treasury bonds, cash reserves, and equivalents) and operates at a one-to-one peg to the dollar. The WLFI team planned USD1 for late 2024, and the stablecoin officially launched in March 2025. With USD1, users can trade with a more stable asset than highly volatile cryptocurrencies. USD1 is also used as the common currency in various products within the WLFI ecosystem, such as payment cards and lending. In other words, we're talking about a structure that offers the equivalent of the traditional dollar in a blockchain environment.Another key feature that distinguishes WLFI is its multi-chain architecture. From day one, the platform was designed to be compatible with multiple blockchain networks such as Ethereum, BNB Chain, and Solana. This architecture allows users to easily move their assets between different networks via bridges and manage them from a single interface without fragmenting liquidity. For example, it's possible to convert a token on the Ethereum network to USD1 or WLFI tokens via WLFI without needing to transfer it to Solana. These integrations aim to alleviate the network incompatibility issues frequently experienced by DeFi users and make WLFI the center of a broad ecosystem.The Trump family's open support for the project played a key role in both the WLFI's definition and its positioning. A technically robust DeFi project, WLFI has also attracted political attention. Donald Trump's positive approach to cryptocurrencies during his 2024 election campaign and his subsequent direct association with the project helped WLFI gain rapid popularity. Although the project team describes WLFI as a "non-political, open-to-everyone financial platform," the Trump connection has become one of the project's most prominent elements for both supporters and critics. Indeed, the New York Times wrote that WLFI blurs the line between private sector and government policy to an unprecedented degree. This strong political connection has earned WLFI both trust and skepticism from some, making its inception unique.World Liberty Financial's History: Key MilestonesDespite its short history, WLFI has been in the news for many significant developments. Let's now take a chronological look at the critical milestones from its launch to the present:2024: Project Announcement and First StepsIn September 2024, Donald Trump announced the launch of a new crypto project and announced that his sons, Eric Trump and Donald Trump Jr., would lead the initiative. The following October, World Liberty Financial was officially launched, and the platform's native cryptocurrency, the $WLFI token, was made available for public sale. Initial token sales fell short of expectations; by the end of October, only $2.7 million in WLFI tokens had been sold. When the project was first introduced, it risked being perceived as a "memecoin" or merely a speculative venture. To counter this perception, the Trump family's support was frequently emphasized and the WLFI's long-term vision was highlighted. November 2024: Trump's Election VictoryDonald Trump's victory in the US presidential election in November 2024 completely changed the trajectory of the WLFI. Trump's re-election fueled expectations that regulatory pressure in the crypto sector would ease, paving the way for Trump-backed projects in particular. This development led to a surge in interest in the WLFI token.February 2025: Justin Sun Partnership and SEC DevelopmentsIn early 2025, WLFI received a major investment from Justin Sun, one of the most recognizable figures in the crypto world. Chinese billionaire Sun, founder of the Tron blockchain, invested at least $75 million in WLFI in February, becoming a partner in the project and also joining the team as an advisor. This development demonstrated that WLFI has garnered significant support not only in the US but also internationally.Interestingly, immediately after Justin Sun joined WLFI, news broke that the US Securities and Exchange Commission (SEC) had suspended an investigation into Sun's companies. This was widely interpreted as a sign that the Trump administration was taking a more positive approach to the crypto sector. However, it also paved the way for criticisms such as "using political influence."On the other hand, this partnership also strengthened WLFI's technical infrastructure. Plans for integration with Justin Sun's blockchain, Tron, began to become clear during this period, further expanding WLFI's multi-chain structure.March 2025: USD1 stablecoin launchIn March, the WLFI team launched its long-anticipated stablecoin, USD1. USD1 was introduced as a digital currency pegged one-to-one to the US dollar and backed by US Treasury bonds, cash, and similar low-risk assets as reserves. At the launch, WLFI co-founder Steve Witkoff (father of CEO Zach Witkoff) announced that USD1 would be available not only on Ethereum and BNB Chains, but also on the Tron network. With this move, USD1 began operating on multiple blockchains and quickly attracted the attention of both individual users and large institutional investors. Millions of dollars worth of USD1 were quickly printed and circulated within the WLFI ecosystem, becoming a central part of the platform. May 2025: Abu Dhabi deal and conflict of interest debatesIn May 2025, WLFI was at the center of a high-profile international transaction. MGX, the state-backed investment company led by Sheikh Tahnoun bin Zayed Al Nahyan of the United Arab Emirates, announced that it would use WLFI's stablecoin, USD1, as a payment instrument in a major deal with Binance. According to the announcement, MGX would use USD1 for transactions with Binance totaling $2 billion.This transfer marked a historic example in the crypto world, as it was the first time a state-backed fund had used a stablecoin of this size. However, news quickly emerged that the US government had granted MGX special permission to export high-tech semiconductor chips.This development sparked serious public debate about ethics and conflict of interest. Many observers suggested that the Trump administration's decision to export these exports might be linked to MGX's investment in WLFI. The WLFI side argued that there was no illegal or unethical conduct and that MGX's preference for USD1 demonstrated the platform's institutional credibility.September 2025: Launch of the WLFI tokenFollowing significant developments in the WLFI ecosystem, WLFI, the project's governance and utility token, was officially launched on the mainnet on September 1st. This launch was a long-awaited development for the community, and the launch of the token paved the way for the platform's decentralized governance (DAO). Users now have the opportunity to participate in ecosystem decision-making processes and benefit from various benefits through the WLFI token.October 2025: New product plans (debit card and tokenization)October 2025 marked a period of significant future announcements for the WLFI ecosystem. WLFI co-founder Donald Trump Jr. At the Token2049 conference in Singapore, CEO Zach Witkoff announced that the platform will soon launch its own crypto debit card. This planned payment card will allow users to directly use crypto assets on the WLFI platform for their daily spending. For example, a user with a USD1 stablecoin balance will be able to pay in stores with this card without needing a bank account. Witkoff stated that the pilot program could begin as early as late 2025 or early 2026.That same month, Eric Trump confirmed in an interview that he had begun work on real estate tokenization. He stated that a new real estate project under development would be offered to the public through digital tokens, and that even small investors could become partners in the project. Under this initiative, shares of a large real estate project will be represented on the blockchain in shares starting at $1,000, and investors will be offered ownership rights and certain privileges (hotel discounts, special access, etc.). Eric Trump also emphasized that this model will allow project financing, traditionally obtained from banks or large funds, to be provided directly through micro-investments from the public. The WLFI team also stated that they are working on a mobile app (WLFI App) that will allow users to transfer cryptocurrency directly from their bank accounts by October 2025.As of October 2025, the WLFI price is around $0.12. Why is World Liberty Financial Important?When we look at the reasons why World Liberty Financial has attracted so much attention in such a short time, we see that both its technological features and the support behind it play a role. Here are the key elements that make WLFI unique and stand out in the crypto world:DeFi ObjectiveWLFI's fundamental importance stems from its DeFi objective. The platform brings banking services to the blockchain, enabling users to conduct financial transactions without the need for intermediaries. For example, with WLFI, a user can obtain a loan by using their crypto wallet as collateral or pay their bills using their stablecoin balance. This combines the convenience of traditional finance with a self-custody structure (where the user retains control of their assets). The WLFI application aims to facilitate a seamless transition between the crypto and fiat worlds. In this respect, WLFI has strived to be a representative of the banking trend without banks.USD1 stablecoinThe USD1 stablecoin, at the heart of the WLFI ecosystem, is one of the key features that makes the project significant. While there are many dollar-denominated stablecoins on the market (such as USDT and USDC), USD1 differs from them by its full reserve principle and promise of maximum transparency. WLFI states that USD1's reserves will be regularly reported by independent auditors and held in fully trustworthy assets. Furthermore, USD1 is designed to be usable not only on the WLFI platform but also on external blockchains and applications. Integration with the Tron network and plans to expand to next-generation blockchains like Aptos indicate that there are plans for USD1 to become a multi-chain stablecoin. This expands its liquidity and usability. For example, a decentralized exchange could list USD1 in the future, or a payment system could accept USD1. USD1's credibility is also linked to the Trump administration's support.Furthermore, Donald Trump Jr. called USD1 "the world's most trusted and cultured stablecoin," and it's worth noting this. Focus on Real Asset Tokenization (RWA)One of the key features of WLFI is its commitment to tokenizing real-world assets. Dividing traditional asset classes like real estate, commodities (such as oil and natural gas), and even corporate bonds into smaller pieces and representing them on the blockchain is a recent rising trend in the financial world. WLFI founders Eric Trump and Zach Witkoff have announced on various platforms their plans to bring the Trump family's extensive real estate portfolio and other assets to the blockchain. This will allow investors to participate with small amounts in projects typically accessible only to large investors. For example, through WLFI, people from all over the world will be able to participate in a large hotel project in New York with a relatively small investment of $1,000. This tokenization model strengthens the concept of micro-investment and creates a secondary market for assets with limited liquidity. The WLFI platform plans to use the USD1 stablecoin as the base pair for these tokenized assets. This allows real estate or commodity tokens to be traded with USD1, ensuring value stability and allowing transactions to be tracked on a transparent ledger.Multi-network support and integrationsWhile many DeFi protocols focus on a specific blockchain, WLFI was developed from the ground up to support multi-chains. Currently, the WLFI token and USD1 stablecoin are live on Ethereum (ERC-20), Binance Smart Chain (BEP-20), and Solana. This allows users to connect their wallets from various networks to the WLFI platform and conduct transactions. For example, they can log in to WLFI with a MetaMask wallet on the Ethereum network or a Phantom wallet on Solana and manage their assets across networks within a single interface. WLFI's integrated bridge tool makes token transfers user-friendly; while the underlying processes may be complex, the process is a matter of a few clicks for the user. Cross-network compatibility provides WLFI with a significant competitive advantage by mitigating liquidity fragmentation in the DeFi space. The WLFI team is also seeking collaborations with new blockchain projects. For example, in October 2025, Donald Jr. announced that he had met with the Aptos blockchain team and that they planned to bring the USD1 stablecoin to Aptos. Another benefit of multi-network support is access to users across different geographies. While Solana is prevalent in Asia, Ethereum may be more prevalent in Europe. WLFI aims to reach all these audiences through their preferred networks.Political Support and Global InvestorsPerhaps the most unique factor that increases WLFI's importance is its high-profile political and financial backing. This is the first time a US president's family has directly founded and supported a crypto project. With Donald Trump's re-election in 2025, WLFI's growth has inevitably added a political dimension to the project. Critics have viewed the Trump administration's easing of regulations and supportive stance on the crypto sector as a contributing factor to WLFI's rise. In fact, according to Reuters analysis, the Trump family generated over half a billion dollars in revenue from the launch of the WLFI project until mid-2025. The platform's investment from Chinese crypto entrepreneur Justin Sun and the interest of major funds like MGX from the UAE are also significant developments.Political support, of course, brings with it controversy. The Trump family's active involvement in both government and business has led to allegations of conflict of interest specifically regarding the WLFI. A comprehensive investigation by the New York Times in April 2025 indicated that some foreign investors attempted to approach Trump through the WLFI, a situation unprecedented in modern American history. On the other hand, Trump and his team call the WLFI "absolutely not a political organization, but a commercial enterprise." Donald Trump Jr. emphasizes that the WLFI's success stems from advancements in the crypto sector and sound strategy, and that his father's political position did not influence the project. While this issue remains a matter of debate, the reality is that interest in the WLFI has largely increased due to the trust and visibility provided by the Trump name.World Liberty Financial's Founders and TeamWorld Liberty Financial is backed by both crypto industry veterans and members of the Trump family. The project's face and prominent "Web3 ambassadors" are Donald Trump's sons, Eric Trump and Donald Trump Jr. Donald Trump Jr., in particular, serves as the primary representative at various conferences, presenting the platform's vision and the evolution of the cryptocurrency industry under the Trump administration. Daily operations are run by a core team led by CEO Zachary "Zach" Witkoff, son of renowned real estate billionaire Steve Witkoff and a veteran of technology and finance. This core team also includes experts such as co-founders Chase Herro and Zachary Folkman, responsible for technical development and operations management.According to official records, Donald Trump's businesses own 60% of WLFI and are entitled to 75% of the revenue generated from coin sales. Additionally, the Trump family and its affiliated investors have acquired 22.5 billion WLFI tokens, representing 22.5% of the total 100 billion supply, for free. This substantial stake provides the family with significant voting power and earning potential on the platform.In addition to the Trump family, WLFI also boasts significant external backers. Justin Sun, founder of the Tron ecosystem, provided both financial investment and consulting, providing technical integration support for the project. Furthermore, meetings between the founders and Changpeng Zhao (CZ), founder of the crypto exchange Binance, and the use of WLFI's stablecoin USD1 by the United Arab Emirates state-backed investment company MGX in its agreement with Binance have been interpreted as indirect confirmation of the project's institutional credibility.It's also worth noting that users also have a say in the coin's governance. Investors can vote on various proposals based on their holdings. The latest votes are as follows: Frequently Asked Questions (FAQ)Below you can find brief answers to frequently asked questions about World Liberty Financial (WLFI):What is World Liberty Financial (WLFI) and what does it do? WLFI is a crypto platform backed by the Donald Trump family and aims to combine decentralized finance (DeFi) with traditional finance. It is an ecosystem that offers users comprehensive financial services such as asset deposits, trading, borrowing, and lending. Using its own stablecoin, USD1, the platform aims to provide global financial access without the need for intermediaries.What networks does the WLFI token operate on? The WLFI token is currently available on Ethereum (ERC-20), Binance Smart Chain (BEP-20), and Solana (SPL). The platform's stablecoin, USD1, is integrated into these networks as well as the Tron network. Users can transfer tokens between these networks through the bridge feature on the WLFI platform.Who founded World Liberty Financial? WLFI was founded in 2024 by Eric Trump, Donald Trump Jr., CEO Zach Witkoff, and other co-founders as a Trump family initiative. While Donald Trump himself doesn't hold a formal management role in the company, he supports the project as "Chief Crypto Advocate" and owns a 60% stake in the company. Tron founder Justin Sun also participated in the project as an advisor.When was the WLFI token released, and what was its price like? The WLFI token was first launched in October 2024 through a presale, but trading began in early September 2025.What does the WLFI token do? As the platform's governance (DAO) token, the WLFI token grants holders voting rights on decisions. It is planned to provide economic incentives such as discounts on platform fees, collateral in lending/borrowing modules, and earning returns through staking programs. In short, the token is central to both the platform's governance and economic aspects. Has WLFI conducted an airdrop, and will more airdrops be forthcoming? WLFI has not yet conducted a large-scale public airdrop; tokens have been distributed primarily through private sales and founder distributions. However, since a large portion of the total supply (53.5%) is reserved for the community, there is a possibility of future mission- or stake-based airdrops to reward users who contribute to the ecosystem.Is WLFI reliable and worth investing in? While WLFI has strong supporters, such as the Trump family and institutional investors, its success is dependent on political developments and is volatile. The project is new and, because its name has been involved in ethical/legal debates, it poses regulatory risks. It is important to conduct thorough research, consider your risk tolerance, and consider the high volatility of the price before investing.What other products are available in the WLFI ecosystem? The core product of the WLFI ecosystem is the USD1 stablecoin, backed by real assets. The soon-to-be-launched mobile app (WLFI App) will offer fiat deposits and real-world spending with a crypto debit card (WLFI Debit Card). Various financial products, including a lending and borrowing module and tokenized real estate/commodity assets, are also planned.Follow the JR Kripto Guide series to stay up-to-date on the latest developments in World Liberty Financial and the blockchain world.
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23 Oct 2025
Class Action Lawsuit Filed Against Meteora Founder Over 5 Altcoins
A new class action lawsuit filed in the US District Court for the Southern District of New York accuses Benjamin Chow, co-founder of Meteora, a prominent DeFi project within the Solana ecosystem, of orchestrating a $57 million fraud scheme. Chow and his team allegedly targeted investors using the names of Melania Trump and Argentine President Javier Milei, concealing the multi-million dollar "meme coin" operation with fake celebrity endorsements. The lawsuit also names M3M3, ENRON, and TRUST. The plaintiffs allege that this organization, which they call the "Meteora-Kelsier Enterprise," was a "fraud factory" disguised as decentralized finance. The documents state that tokens such as $M3M3, $LIBRA, $MELANIA, $ENRON, and $TRUST were created through the Meteora protocol and traded at artificially high prices. According to the filing, the system operated with a six-step plan: first, a "story" would be created around a celebrity or national theme, then the team would collect a large portion of the supply cheaply through wallets they controlled. The price would then be pumped up through influencers, liquidity locks would be bypassed, and insider selling would be conducted, and the same plan would be repeated with a new theme.The $LIBRA token attracted significant attention when Milei's verified social media account shared its smart contract address. However, hours after the launch, the developer wallet withdrew 110 million USDC, draining the liquidity. Similarly, $MELANIA, touted as "Melania Trump's official meme coin," lost more than 90% of its value in a short time.Chow's Role and the RICO ChargeThe documents allege that Benjamin Chow held both technical and operational control and had the authority to freeze or unfreeze transactions through smart contract parameters. Chow, who left his position in February 2025, also sparked backlash within the Solana community at the time. Videos surfaced following the incident, in which Chow's partner, Hayden Davis, stated, "We snipped our own coin," further bolstering the allegations of fraud.The lawsuit includes seven counts, including fraud, unjust enrichment, and violations of RICO (organized crime) laws. A US court has issued a restraining order on assets of up to 57 million USDC, while an investigation into the $LIBRA scandal is expanding in Argentina. Two of Milei's advisors were allegedly linked to pre-sale wallets.Listing on Binance AlphaWhile all these allegations were in the spotlight, Binance Alpha announced on the same day that it would add the Meteora (MET) token to its platform and organize a special airdrop for participants. The event, which will begin at 4:00 PM CEST on October 23, 2025, will allow users with at least 226 Alpha Points to claim 32 MET tokens.
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23 Oct 2025
$1.7 Trillion Giant's Crypto ETF Application: Many Altcoins at Stake
T. RowePrice, a traditional investment firm with approximately $1.77 trillion in asset management, has filed paperwork with the SEC for its first cryptocurrency-focused exchange-traded fund (ETF).T. Rowe, which manages $1.7 trillion, has made a move for cryptoAccording to the filing, the firm has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) under the name "TROW Active Crypto ETF." This fund is notable for its actively managed structure; instead of passively tracking a specific index, the management team will be able to make selections based on market conditions. The filing includes the following: The fund will invest in eligible crypto assets; the number of these assets will normally be between 5 and 15, but this number can be increased or decreased as needed. Potential assets include Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Dogecoin, Shiba Inu, Litecoin, and Polkadot. Management has also stated that this fund aims to exceed the FTSECryptoUSListedIndex index annually.This is significant for the company. The move into crypto by an institution founded in 1937 and specialized in mutual funds for many years is considered a milestone. Analyst Nate Geraci described this move as a "surprise from outside the field," as traditional asset managers were still perceived as cautious on the crypto side.This development indicates a shift in the balance of power in the asset management world. Traditional investment giants are now seeking ways to become a part of the crypto market rather than shying away from it. As analyst Nate Geraci put it, "Waiting for crypto to disappear is not a strategy."However, the application's approval process faces a hurdle. Due to the US government shutdown, the Securities and Exchange Commission has limited resources, delaying the processing of new crypto ETF applications. In this case, the process is expected to reopen to allow T. Rowe Price's application to be processed quickly. To summarize, this application represents a significant opportunity for both the institution and its investors. It's a critical step for the institution in diversifying its asset management portfolio. For investors, as with most crypto ETFs, it offers the potential to access crypto through a regulated institution. However, there are some important points to consider: the volatility of crypto assets can be much higher than traditional assets, and active management strategies may not always be successful. Once the application is approved, details such as fee levels, portfolio structure, and risk management should be presented to investors.
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23 Oct 2025
$1 Billion to be Raised for HYPE: SEC Filing
Hyperliquid Strategies has taken a notable step into the cryptocurrency market. With its S-1 filing with the US Securities and Exchange Commission (SEC), it aims to raise up to $1 billion in capital. This funding will focus on the acquisition of the company's native token, HYPE, and expanding its institutional crypto assets.HYPE has been filed with the SECHyperliquid Strategies is the result of the ongoing merger between biotechnology company Sonnet BioTherapeutics and special purpose acquisition company (SPAC) RorschachILLC. Upon completion, the company will be led by former Barclays CEO Bob Diamond as Chairman, and David Schamis as CEO. The filing also states that the company holds 12.6 million HYPE tokens and approximately $305 million in cash reserves. According to the document filed with the SEC, the company plans to conduct this capital raising process by issuing 160 million shares. It also emphasizes that the funds will be allocated not only for general corporate expenses but also for systematically purchasing HYPE tokens. The filing clearly states a plan to generate yield by staking the tokens extensively.This development was a positive catalyst for the HYPE token. Following the announcement, the token gained approximately 10% in value. However, the overall crypto market is experiencing a stagnation and correction trend. In this context, the company's capital raising move can be perceived as a sign of confidence among investors.Why are "Hyperliquid Strategies" important?This development is critical. The company is bringing the capital raising process and share issuance methods commonly used in the traditional finance world to the decentralized finance (DeFi) space. It's rumored that this strategy, which focuses specifically on the HYPE token, could cause temporary fluctuations in the token supply, as it also means a decrease in the circulating amount of staked assets. Therefore, it is expected to have a certain impact on price stability.Furthermore, the Hyperliquid ecosystem is quite strong in terms of volume. The platform holds a significant share of perpetual futures contracts. According to market data, decentralized futures trading volume approached $1 trillion in the first 23 days of October.While such corporate moves are perceived positively, there are some important points to consider. First, raising capital through share issuance could pose a risk of dilution for existing shareholders. Furthermore, volatility in the altcoin markets and macroeconomic uncertainties remain significant risks. The company's token accumulation strategy requires a long-term perspective. Therefore, fluctuations are expected in the short term.HYPE price on the riseFollowing these developments, the HYPE price rebounded strongly in the last 24 hours, rising 11.47 percent to $38.57. The intraday trading range was between $34.63 and $39.06. On the weekly chart, the token continues its gradual upward trend with a 2.3% increase. However, it appears to have lost over 20% of its value in the last 30 days.
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23 Oct 2025
SUI Commentary and Price Analysis - October 22, 2025
SUI Technical AnalysisSupported by nearly $6 billion in institutional funds and a strong increase in on-chain activity, SUI has been getting more attention recently. Additionally, a company’s $600 million treasury strategy and the network’s TVL approaching $2 billion have boosted investor interest. Now, let’s look at the technical side. Narrowing Triangle Structure Analyzing the chart, we see that SUI is forming a symmetrical triangle pattern. The price has been moving between a descending resistance and an ascending support line, creating a tightening structure which most of the time leads to a strong breakout. SUI is currently trading around $2.43, very close to the lower boundary of the triangle. The $2.44–$2.53 area is acting as short-term support. If the price manages to hold above this zone, a recovery toward the middle of the triangle can be expected.The first major resistance is around $2.93, which is also where the upper trendline passes. A daily close above this level would signal a bullish breakout, opening the way to $3.38 → $3.56 → $4.16, with a technical target near $4.50+ if momentum continues.According to a bearish scenario, $2.24 and $2.06 are strong supports to follow below. If the price closes below $2.06, the pattern would break down, increasing the risk of a deeper drop toward $1.59.Summary:SUI is still moving inside a symmetrical triangle pattern.Current price: $2.43, near a critical support zone.A break above $2.93 could trigger a strong move to $3.38 – $4.16 – $4.50+.As long as $2.24–$2.06 support holds, the outlook remains positive.The pattern is nearing completion — a strong trend breakout is expected soon.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.
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22 Oct 2025
ADA Comment and Price Analysis - October 22, 2025
ADA/USDT Technical AnalysisThanks to rising on-chain activity and strong whale buying, Cardano (ADA) has recently gained renewed attention. Expectations around a possible spot ADA ETF in the U.S., along with accumulation by large wallets, have further increased investor interest. With these developments, the technical outlook for ADA has become even more significant. Descending Triangle Analyzing the chart, we see that ADA is forming a descending triangle pattern. The coin has been trying to hold above the $0.55–$0.59 support zone, but downward pressure remains visible. The pattern shows that ADA is approaching a decision point, where a breakout is likely to occur soon.ADA is currently trading around $0.6382. The first resistance is at $0.6516. If the price can hold above this level, it may move toward the upper trendline of the triangle and test the $0.77–$0.82 region. This area is critical as it aligns with the main descending trendline.In a bearish scenario, the $0.5919–$0.5510 zone is the key support area, which has held multiple times in the past. However, if this zone breaks, selling pressure could intensify, pushing the price down toward $0.43.Summary:ADA is still moving within a descending triangle pattern.Current price: $0.6382A move above $0.6516 could target $0.7706 → $0.8180The $0.5919–$0.5510 zone remains the main supportA daily close below $0.55 could trigger a deeper pullback toward $0.43A strong breakout in either direction may result in sharp and fast price action.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.
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22 Oct 2025
What is First Digital USD (FDUSD)?
First Digital USD (FDUSD for short) is a 1:1 US dollar-backed stablecoin developed to offer stable value in the cryptocurrency world. Launched in mid-2023 by a subsidiary of Hong Kong-based First Digital Limited, FDUSD is fully backed by cash or cash equivalent reserves. Backed by the Binance exchange, FDUSD quickly reached a market capitalization of billions of dollars and stands out with features such as multi-blockchain support, independent audits, and regulatory compliance. With Binance discontinuing its own stablecoin, BUSD, FDUSD has filled a significant gap on the platform, becoming one of the largest stablecoins. So, what is First Digital USD (FDUSD), how did it come about, and why is it so talked about? In this guide, we will take a close look at all the details, including FDUSD's definition, origin story, history, importance, the team behind it, and answers to frequently asked questions. Definition and Origin of FDUSDFirst Digital USD (FDUSD) is a cryptocurrency pegged 1:1 to the US dollar, issued by First Digital Limited, a Hong Kong-based financial technology company. FDUSD is issued by FD121 Limited, a subsidiary of First Digital Limited, which operates in the stablecoin space. The storage and protection of reserves are handled through First Digital Trust, a licensed custodian and trust company under Hong Kong law. To maintain this 1:1 peg, cash and high-liquid cash equivalents equal to the amount of tokens in circulation are held in reserve. These reserves are regularly reviewed by independent auditors and publicly disclosed through "proof of reserve" reports. This allows users to transparently see that each FDUSD token is backed by a real-world equivalent dollar asset.The primary motivation behind FDUSD's creation was the need for a reliable digital proxy pegged to the US dollar in the crypto markets. In the first half of 2023, the issuance of the Binance-branded BUSD stablecoin halted under pressure from US regulators, creating a significant gap in the market. Binance, seeking an alternative stablecoin for its trading pairs on the platform, adopted First Digital USD as a solution. Hong Kong-based First Digital already had an infrastructure specializing in digital asset custody and financial services; founded in 2019, the company was listed among Asia Pacific's emerging fintech players by KPMG and HSBC in 2022. FDUSD, announced on this foundation of trust, launched on both Ethereum and Binance Smart Chain (BNB Chain) in June 2023. The goal was to establish a robust bridge between traditional finance and the crypto ecosystem with a regulatory-compliant, fully reserve-backed stablecoin. Initial promotions emphasized that FDUSD is a programmable digital asset designed for direct integration with financial applications such as smart contracts, escrow, and insurance. In this respect, FDUSD is more than just a store of value; It has also positioned itself as a functional infrastructure for Web3-based financial applications.FDUSD History: Key MilestonesAlthough FDUSD is only a few years old, it has made remarkable progress in the crypto market in a short time. Since its launch, strong strategic steps, Binance partnerships, and changes in the stablecoin market have shaped FDUSD's current position. Here are the key milestones in FDUSD's story:2023: Launch and Binance partnershipFDUSD officially launched on June 1, 2023. Initially issued on the Ethereum and BNB Chain networks, the token initially had limited circulation and awareness. However, on July 26, 2023, Binance, one of the world's largest crypto exchanges, listed FDUSD, and the project immediately gained significant momentum. Binance launched zero-fee campaigns on trading pairs such as FDUSD/BNB, FDUSD/USDT, and FDUSD/BUSD, encouraging the use of the stablecoin. This move was quite similar to the strategy Binance had previously employed with TrueUSD (TUSD). The results were immediate: FDUSD supply, which was only in the millions at launch, grew to over hundreds of millions by the end of the summer. Thanks to Binance's aggressive promotional policy, FDUSD quickly became one of the leading stablecoins traded on the exchange.Fall 2023: The Transition from BUSD to FDUSDAt the beginning of 2023, Paxos halted the issuance of Binance USD (BUSD) due to regulatory pressure, creating a significant gap in the stablecoin market. As BUSD's market value declined rapidly throughout the year, Binance turned to FDUSD to fill this gap.In September 2023, Binance offered its users a 1:1 conversion of their BUSD holdings to FDUSD. By October, the exchange began removing most BUSD pairs and adding FDUSD pairs instead. In December 2023, Binance announced that it will automatically convert all remaining BUSD balances to FDUSD.The expansion process created a massive surge in FDUSD supply. Hundreds of millions of dollars of liquidity trapped in BUSD were transferred to FDUSD, and the stablecoin's total market capitalization surpassed the billion-dollar mark. By the end of the year, FDUSD had become the world's fourth-largest stablecoin, behind USDT (Tether), USDC, and DAI. This success was largely due to the fact that FDUSD was traded almost entirely on Binance at the time, and the exchange's immense liquidity.2024: Multi-network support and new partnerships2024 marked the beginning of FDUSD's expansion into ecosystems beyond Binance. This year represents a critical milestone in the stablecoin's transformation into a multi-chain financial instrument. The first major development occurred in April 2024. Sui Network, a next-generation Layer-1 blockchain, announced that FDUSD would be the first stablecoin to be issued on its network. This marked the beginning of trading on Sui, following Ethereum and BNB Chain. This step paved the way for FDUSD to be available not only on centralized exchanges but also across various blockchain ecosystems.At the same time, preparations for FDUSD integration accelerated on other popular networks such as Solana, Arbitrum, and Tron. This multi-network support aimed to increase the stablecoin's accessibility on DeFi platforms and digital wallets. Now, users could use FDUSD not only on Binance but also on various chains and across different protocols.Furthermore, the First Digital team also embarked on expanding FDUSD's use cases beyond exchanges. The company sought partnerships with various fintech firms to expand FDUSD into areas such as international money transfers (remittances) and salary payments. The goal was to make FDUSD a digital dollar that could be used not only by investors but also by businesses and individuals in daily transactions.Towards the end of 2024, Hong Kong's stablecoin licensing regulations came to the fore. The new bill mandated that stablecoin issuing companies obtain licenses. First Digital was prepared for this process and, working closely with regulators, took steps to fully comply with the upcoming regulatory framework for FDUSD. Company executives stated that they viewed Hong Kong's open approach to crypto and stablecoins as an opportunity and aimed to position FDUSD at the center of the region's financial innovation movement.April 2025: The "Depeg" IncidentApril 2025 presented the most challenging period for FDUSD. On April 2, Justin Sun, founder of Tron and the man behind the stablecoin TrueUSD (TUSD), posted on social media that cast doubt on First Digital's reserve adequacy and solvency. Sun implied that First Digital was in financial distress and that FDUSD might not be able to maintain its 1:1 peg. These claims sparked panic in the market. The FDUSD price briefly broke away from its normal $1 level, experiencing a "depeg," dropping to around $0.87 on some exchanges. The First Digital team quickly issued a statement the same day. The company categorically denied Justin Sun's allegations and stated that the dispute was not directly related to FDUSD. The statement emphasized that the situation was, in fact, a distortion of a legal dispute between Sun and the TUSD.The company stated that all FDUSD reserves are fully backed by U.S. Treasury bills, and that the ISIN numbers for these assets are clearly listed in audit reports. It also reminded them that FDUSD reserves are regularly audited by independent auditors.First Digital described Sun's statements as a "baseless smear campaign" and announced that they would take legal action to protect their reputation. Thanks to this prompt communication and transparent approach, the panic quickly subsided. The FDUSD price recovered within a few days, approaching the $1 level again (the price returned to around $1 after the incident). 2025 and Beyond: Regulatory Compliance and New PlansThe Hong Kong Stablecoin Regulation Act came into effect in the second half of 2025. The new law mandates that all stablecoin issuers obtain official licenses. First Digital announced that it has begun working to become one of the first licensed stablecoin issuers in Asia. CEO Vincent Chok stated that they welcomed the strict but clear regulations introduced by Hong Kong. According to Chok, these regulations will establish a more secure foundation for both FDUSD and the stablecoin industry in general.The licensing process is expected to be completed in early 2026. This step will further enhance FDUSD's credibility among both institutional and individual users. Not content with this, the First Digital team is working to make FDUSD available for listing on exchanges other than Binance. By the end of 2025, the total supply of FDUSD reach $2 billion. By approaching its target, it has secured a permanent place in the league of major stablecoins.Future plans include developing new stablecoin projects pegged to various fiat currencies. It is reported that work is underway on HKD or EUR-based stablecoins, particularly for the Asian market. Furthermore, ensuring the integration of FDUSD with global payment systems is one of the company's primary goals.Why is FDUSD Important?Although there are already many USD-pegged stablecoins in the cryptocurrency market, FDUSD quickly rose to prominence due to its unique features and the timing of its launch. Here are the key factors that make FDUSD significant:Reliable reserve structureOne of the most striking aspects of FDUSD is its commitment to regulatory compliance and the transparent management of its reserves. The issuer, First Digital Trust, operates as an authorized trust company in Hong Kong and is subject to the Hong Kong Trust Law. This means that FDUSD reserves are held in accounts completely segregated from the company's other assets. Reserves are held only in cash or highly liquid instruments that can be quickly converted into cash (e.g., bank deposits, treasury bills). Furthermore, monthly reserve reports prepared by independent audit firms are shared with the public, regularly verifying that the amount of collateral in circulation is equivalent to the amount of FDUSD.This transparency policy has given FDUSD a significant trust advantage, especially compared to stablecoins like Tether (USDT), which have been criticized for their reserve structure. Furthermore, the fact that FDUSD's minting and redemption transactions are completely free is an attractive feature for users. Anyone can purchase FDUSD directly from the issuer at a 1:1 ratio and exchange it for US dollars in the same manner.Binance SupportFDUSD's rise is largely due to its strong partnership with Binance. After listing FDUSD in July 2023, Binance not only opened trading pairs but also launched commission-free trading campaigns to incentivize users. These steps rapidly increased interest in the stablecoin. The reason for these aggressive steps was that Paxos no longer offered Binance's own stablecoin, BUSD. The exchange announced its commission-free trading campaign to attract users to FDUSD as follows: With the withdrawal of BUSD, Binance placed FDUSD at the center of its ecosystem. It prioritized those holding FDUSD balances in newly launched Launchpad projects and made FDUSD the default option for many trading pairs.At the beginning of 2024, the market capitalization of FDUSD approached the $2 billion mark. Analysis shows that as of April 2025, approximately 94% of the FDUSD supply was held on Binance. This concentration translates to high liquidity depth and low slippage in the market.The support of a trusted and global player like Binance enabled the rapid adoption of FDUSD by both individual investors and institutional users. However, this demonstrates the stablecoin's relative dependence on Binance.Multi-blockchain supportA stablecoin's success also depends on its ability to be used in different ecosystems. FDUSD made a bold debut in this area. From its inception, it was issued on both Ethereum (ERC-20) and BNB Chain (BEP-20), allowing users to transfer FDUSD across multiple chains.It quickly expanded to networks like Arbitrum, Solana, and Sui Network, becoming a multi-chain stablecoin. This made FDUSD more accessible not only on centralized exchanges but also on DeFi protocols and digital wallets.For example, while FDUSD can be used to lend or borrow on Ethereum, transfers can be made with high speed and low transaction fees on the Solana network. Direct issuance on the Sui blockchain supports the growth of the ecosystem by meeting the stablecoin needs of new Layer-1 projects.FDUSD's technical infrastructure is designed to leverage the advantages of each network. BNB Chain's low transaction fees make it practical for everyday payments, while Ethereum's extensive DeFi ecosystem opens up FDUSD to various protocols. This flexibility makes FDUSD a digital dollar that can be used on a wide scale, without being tied to a single platform.It can also be accessed on the following crypto trading platforms: A Bridge for the Financial EcosystemStablecoins are tools that bridge the gap between traditional finance and the digital asset world. FDUSD successfully fulfills this role. Its stable value provides crypto investors with a safe haven against market fluctuations. Users can preserve their value by converting their Bitcoin or altcoin investments into FDUSD during increased market volatility.FDUSD also offers significant advantages in international remittances. Sending money across borders through banks can take days. But FDUSD allows for low-cost transfers in just a few minutes. This feature is highly attractive for companies doing business in different countries or individuals sending money abroad.Stablecoins are also gaining prominence in payment systems and e-commerce. By accepting payments with FDUSD, businesses can earn fast and guaranteed dollar-based income without exchange rate risk.FDUSD is also actively used in DeFi protocols. Users can earn interest by lending FDUSD on lending platforms or earn a share of transaction fees by adding it to liquidity pools. In short, FDUSD offers a fast, low-cost, and programmable digital dollar experience to a wide range of people, from individual investors to global corporations.Asian Market PositionFDUSD's Hong Kong headquarters and focus on the Asian market distinguish it from other stablecoins. Since 2023, Hong Kong has adopted a forward-thinking approach to crypto assets and stablecoins, becoming a focal point of crypto innovation among financial centers in the region. Leveraging this environment, FDUSD has positioned itself as one of Asia's leading stablecoin solutions. As Circle executives stated, digital dollar stablecoins are expected to play a significant role in trading in the Asia-Pacific region.Hong Kong's financial homeland and proximity to China provide a strategic advantage in fostering FDUSD adoption. Furthermore, the entry of FDUSD has added competition and diversity to the stablecoin ecosystem. In a market long dominated by players like USDT and USDC, FDUSD has helped users diversify their risks and find an alternative that suits their needs.Binance's support for FDUSD following BUSD has ensured that the market is no longer dependent on a single stablecoin. Furthermore, FDUSD's success has encouraged other financial institutions to develop their own stablecoins, accelerating innovation in the sector.As a result, FDUSD, a stablecoin originating in Asia and making its impact felt globally, contributes to both the regional economy and fosters a more balanced and competitive stablecoin market. FDUSD Founders and TeamFDUSD is backed by a team experienced in traditional finance and digital asset management. Two prominent figures in the project are Vincent Chok and Gunnar Jaerv.As CEO of First Digital Trust, Vincent Chok sets the strategic direction for FDUSD. With years of experience in financial technology and digital asset custody, Chok aims to make FDUSD a reliable and fully compliant product.Gunnar Jaerv, as the company's COO (Chief Operating Officer), oversees the stablecoin's daily operations and ensures the seamless integration of blockchain technology into the FDUSD ecosystem. The two executives shape FDUSD's vision by combining the challenges of finance and crypto.The First Digital Limited team has made significant strides in digital finance even before FDUSD. Initially operating under the name Legacy Trust, the company later rebranded as First Digital Trust. Since 2019, it has been providing custody, custody, and payment services for digital assets. In May 2022, First Digital Trust secured $20 million in Series A funding from investors such as Nogle and Kenetic Capital to expand its operations in Asia. This investment laid the groundwork for its plans to launch a stablecoin.In early 2023, a new technology unit called First Digital Labs was established within the company. This team focused on FDUSD's technical aspects, such as smart contract design, multi-network integration, and security audits, while First Digital Trust's legal and finance teams handled regulatory processes, reserve management, and audit reports.Although FDUSD lacked a single "crypto star" figure (such as Vitalik Buterin or Brian Armstrong), the project thrived with strong institutional backing. Binance founder Changpeng Zhao (CZ) announced the launch of FDUSD on social media in the summer of 2023, emphasizing the advantages of the stablecoin. While the First Digital team states that it has no direct management ties with Binance, the liquidity and promotional support provided by Binance as part of the strategic partnership has significantly accelerated the project. Additionally, fintech investors and venture capital funds in Hong Kong have also served as FDUSD advisors.The team places great importance on community communication. Following the crisis with Justin Sun in April 2025, First Digital executives held an AMA (Ask Me Anything) event on Twitter (X) to directly answer user questions. Furthermore, reserve reports, project updates, and educational content continue to be shared regularly on FDUSD's official website and social media accounts. The development team has developed an open-source platform for FDUSD to integrate with various DeFi applications.It also offers libraries and integration guides.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about FDUSD:What is First Digital USD (FDUSD) and what does it do?: FDUSD is a fully reserve-backed stablecoin whose value is pegged one-to-one to the US dollar. Issued by Hong Kong-based First Digital Limited, it allows users to trade with the dollar in the crypto market. FDUSD provides protection against market fluctuations and enables fast and cost-effective international payments. In short, FDUSD is a reliable medium of exchange and store of value, offering the stability provided by the dollar in the digital world.Who issues FDUSD and who is behind it?: FDUSD is a subsidiary of Hong Kong-registered First Digital Limited. The institution responsible for the custody and management of reserves is First Digital Trust. The project is led by CEO Vincent Chok and COO Gunnar Jaerv. While Binance played a significant role in the popularization of FDUSD as a strategic partner, FDUSD is managed entirely independently by First Digital.When and how did FDUSD emerge?: FDUSD was launched in June 2023. It made its first major splash with a listing on Binance in July 2023. After Binance discontinued its own stablecoin, BUSD, it began supporting FDUSD as the primary stablecoin on its platform. When BUSD balances were converted to FDUSD towards the end of the year, the stablecoin's market value increased rapidly. In 2024, it expanded its usage by appearing on various blockchains.Which networks is FDUSD available on?: FDUSD operates on multiple blockchains. Initially, it was issued on Ethereum (ERC-20) and BNB Chain (BEP-20). It later became supported on networks such as Arbitrum (Layer-2), Sui Network, and Solana. Thanks to this multi-network structure, users can easily transfer FDUSD between different wallets and DeFi platforms via inter-network bridges.How to buy or use FDUSD: FDUSD can be most easily purchased on major cryptocurrency exchanges. Binance, in particular, offers FDUSD trading pairs; for example, you can exchange USDT or BTC for FDUSD. It is also listed on other international exchanges. If you want to withdraw FDUSD to your own crypto wallet, you can use the address corresponding to one of the supported networks (ETH, BNB, Solana, etc.). FDUSD can be used like a digital dollar for shopping, money transfers, or DeFi transactions.Does FDUSD's value always remain stable?: FDUSD's goal is to maintain its value at $1. First Digital maintains this stability by holding a dollar's worth of reserves for every FDUSD. Normally, the FDUSD price trades around $1 on exchanges. However, in rare cases, short-term fluctuations can occur during periods of low liquidity or market panic. For example, in April 2025, the price temporarily dropped to $0.90 due to rumors, but quickly returned to $1. In such cases, the issuing company quickly maintains price stability through reserve assurance.Is FDUSD reliable? Does it actually have reserves?: FDUSD maintains very high industry standards in terms of reliability. Reserves are managed by a regulated trust company in Hong Kong and are held in accounts completely separate from the company's other assets. Independent auditors publish monthly reserve reports, verifying the amount of USD equivalent to the FDUSD in circulation. During the speculation period in April 2025, First Digital announced that all of its reserves were held in US Treasury bonds and cash. While risk assessment is always necessary in stablecoin investments, FDUSD has a positive record of transparent reserve management to date. What distinguishes FDUSD from other stablecoins?: There are several key differences that distinguish FDUSD from other stablecoins like Tether (USDT), USD Coin (USDC), or TrueUSD (TUSD). First, as a Hong Kong-based initiative, it focuses on the Asian market and operates in a different regulatory environment than Western-based stablecoins. Second, FDUSD's reserves consist entirely of cash and liquid assets; these assets are audited monthly by independent auditors. Furthermore, its rapid adoption with Binance support has given FDUSD a significant advantage. Technically, FDUSD resides on multiple blockchains, and this multi-chain structure makes it highly flexible. In short, FDUSD is a stablecoin distinguished by its Hong Kong-Binance collaboration, high transparency, and multi-chain access.Can I invest in FDUSD, or should I just hold it in dollars?: FDUSD is designed as a means of preserving and transferring value, not an investment instrument. Because its price is fixed, it does not gain value on its own, always maintaining a target of 1 FDUSD ≈ 1 USD. However, there are ways to generate indirect income using FDUSD. For example, you can earn interest by lending FDUSD on DeFi platforms.Or you can add it to liquidity pools and earn a share of trading fees. Some exchanges also offer special campaigns and launchpad privileges to users who hold FDUSD balances. However, FDUSD should be used for value preservation rather than short-term gain. It's also important to remember that crypto assets inherently carry a certain level of market risk.Follow the JR Kripto Guide series to stay up-to-date on the latest developments in the FDUSD and stablecoin world.
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22 Oct 2025
Established US Company Enters Crypto Payments Era in Its 110th Year
Bealls, a well-established US retail chain, has begun accepting crypto payments. Founded in Florida in 1915, the company can now accept payments in more than 99 cryptocurrencies thanks to its partnership with digital payment platform Flexa. This move coincides with Bealls' 110th anniversary and represents a new step in the integration of crypto into daily life in the retail sector.Bealls to Accept Crypto Payments with FlexaThanks to the integration with Flexa, Bealls has integrated the Flexa Payments system into its stores. This system allows payments with popular cryptocurrencies such as Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu, as well as various stablecoins. Furthermore, users can conduct transactions through over 300 digital wallets. The company announced that this system will be available in all Bealls, Bealls Florida, and Home Centric stores. Bealls CEO Matt Beall emphasized in a statement that crypto payments are not just innovation but also preparation for the future: “Our partnership with Flexa is about more than just taking payments; it's about preparing for the future of commerce. Our company has kept pace with changing customer expectations for 110 years, and this takes us a step forward.”Flexa co-founder Trevor Filter described Bealls' move as “a milestone in retail history.” Filter said, “Bealls’ 110-year legacy is extraordinary. It’s no surprise that such a long-established brand would embrace the most significant payment technology evolution the world has ever seen.”Interest in crypto payments is growing. According to a study by Carat Global Platform, 16% of Americans have made at least one purchase with crypto. More than half of respondents said they would like to use crypto for online payments, while one-third said they also prefer to pay with crypto in brick-and-mortar stores. However, 25% of users stated that the limited number of businesses accepting crypto is limiting its adoption. Meanwhile, according to early 2025 data, 65 million American adults, or approximately 28% of the country's population, own cryptocurrencies. This rate suggests that crypto assets are no longer viewed solely as investment vehicles but also as a spendable currency. Bealls joins major brands like Shopify, AMC, and Whole Foods that have embraced crypto payments. This move strengthens the company's efforts to make crypto an "everyday spending tool" in the US retail sector. More chain stores are expected to adopt similar systems in the future. Bealls has launched this application in 660 of its stores, marking one of the most comprehensive in-store crypto payment integrations in the US.
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22 Oct 2025
Historic Step from Hong Kong: First Solana ETF Approved
The Hong Kong Securities and Futures Commission (SFC) has approved Asia's first spot ETF for Solana (SOL). This step marks the country's third crypto spot ETF, following the Bitcoin and Ethereum ETFs.Good news for Solana from Hong KongThe fund, managed by China Asset Management (Hong Kong), will begin trading on October 27. According to the Hong Kong Economic Times, the ETF will be listed on the OSL Exchange, with custody and clearing handled by OSL Digital Securities. Each trading unit will contain 100 shares, and the minimum investment will be approximately $100 (approximately HK$780).The new product is the first Solana fund to be approved, following the Bitcoin and Ethereum spot ETFs. ChinaAMC thus becomes the first manager to simultaneously launch a SOL-based fund in Asia and the US. The fund's management fee is set at 0.99 percent, while custody and administrative expenses are capped at 1 percent of total net asset value. The total annual expense ratio will be 1.99 percent. The ETF is not expected to distribute dividends to investors.Solana ranks sixth in the crypto market with a market capitalization of approximately $100.8 billion. SOL, trailing Bitcoin, Ethereum, Tether, Binance Coin, and Ripple, is ahead of USDC. According to the China AMC, SOL is used as the native token of a decentralized, open-source network; its value is not backed by any institution but is determined entirely by the balance of supply and demand.With this move, Hong Kong's city government provides greater access to the crypto asset market for individual investors. Investors can invest in the Solana ETF with small inflows. This is in line with Hong Kong's vision of a "regulated yet accessible" crypto market.Solana ETFs are also gaining momentum globally. The Solana Spot ETF, offered by 21Shares in the US, was approved by the Securities and Exchange Commission (SEC) earlier this month. The product offers direct access to Solana's spot price and supports staking features, potentially spurring institutional demand.Major fund managers such as VanEck, Bitwise, Grayscale, Franklin Templeton, Fidelity, and CoinShares have also received approval for similar Solana ETF applications. This strengthens Solana's position in the institutional investment ecosystem.While Solana has performed less favorably than Bitcoin and Ethereum since the beginning of the year, growing ETF interest and a succession of regulatory approvals have re-entered investor attention. Price momentum is expected to revive in the last quarter of 2025, driven by Solana's ETF approvals. At the time of writing, the SOL price is down slightly by 0.7 percent, around $184.
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22 Oct 2025
Shocking Decision from Kadena: Shutdowns, KDA Collapsed
Kadena has announced the end of its blockchain journey, which began with high hopes in 2019. The team behind the project announced that it was "immediately" ceasing operations due to increasingly challenging market conditions. Following this decision, the price of the KDA token plummeted, losing more than 50% of its value to $0.09. This decline represents a near-total collapse for KDA, which had peaked above $27 in 2021. Kadena Shocks the MarketIn a statement on its official X account, the Kadena team stated, "We are grateful to everyone who has been with us on this journey. However, due to current market conditions, it has been impossible for us to continue the adoption of this unique decentralized ecosystem." The company announced the cessation of all business activities and active maintenance, emphasizing that the Kadena blockchain's decentralized nature will allow the network to continue operating autonomously.According to the team, the Kadena network will continue to be operated by independent miners, and smart contracts will be managed by their community. The developers announced that they would release a "new binary version" to ensure the network's uninterrupted operation and invite all node operators to upgrade. There are approximately 566 million additional KDA allocated to miners on the Kadena blockchain; this reward distribution will continue until 2139.The New York-based project draws its roots from the traditional finance world. Kadena's founders, Stuart Popejoy and William Martino, were experienced players who had previously worked on the development of Kinexys, one of JPMorgan's blockchain initiatives. Popejoy and Martino set out to bridge the corporate finance and cryptocurrency worlds. While Kadena uses a proof-of-work mechanism like Bitcoin, it positioned itself as a "business blockchain" and aimed to offer an alternative ecosystem to Ethereum with its smart contract infrastructure.In 2022, Kadena launched a $100 million grant program to attract developers. However, even this initiative failed to sustain interest. Over time, transaction volumes declined, community interest waned, and the network fell into the shadow of competing chains. Today, KDA's 24-hour trading volume is just over $50 million, while giants like Bitcoin and Ethereum have daily volumes in the tens of billions of dollars.Kadena, which once boasted of being "bigger than Bitcoin and more reliable than Ethereum," has finally faced the harsh realities of the market. While the project will technically survive thanks to its fully decentralized structure, it no longer has a company behind it.
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22 Oct 2025
XRP Comment and Price Analysis - October 21, 2025
XRP Technical AnalysisThere is a critical threshold for XRP: a new venture backed by Ripple Labs is planning an IPO on Nasdaq with over a billion dollars in funding, and the main objective of this company is to acquire XRP tokens. This development has brought XRP back into the spotlight, especially on the institutional front. Rising Trend Analyzing the chart, we see that XRP still maintains its long-term upward trend structure. After a sharp decline, the price tested the trendline support and has started to recover. The current price is $2.37, which marks a key decision point.The zone between $2.35 and $2.44 is significant, as it combines both trendline and horizontal support. As long as the price stays above this area, the outlook remains positive.In a bullish scenario, the first resistance level is $2.64. If the price breaks above this level, the next targets are $2.85 and $2.93. With continued momentum, the price could move toward $3.13 and $3.42 in the medium term.In a bearish scenario, a daily close below $2.35 could accelerate the correction toward $2.18, with the potential to retest the $1.90 zone — a major long-term support area.Summary:XRP is still holding its primary upward trend.Key support zone: $2.35–$2.44.Resistance levels: $2.64 → $2.85 → $2.93 → $3.13 → $3.42.Staying above $2.35 keeps the trend bullish.A break below $2.35 could lead to a drop toward $2.18 or even $1.90.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.
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21 Oct 2025
TRX Comment and Price Analysis - October 21, 2025
TRX/USDT Technical AnalysisThe total value locked (TVL) in the TRON network has increased by 34% recently, surpassing the $6 billion mark. The rise in on-chain transaction volume, along with TRON's status as the leading blockchain for USDT transfers, has renewed both institutional and retail interest in TRX. Narrowing Triangle Structure Analyzing the chart, we see that TRX continues to trade within a symmetrical triangle pattern, indicating ongoing price compression in the medium term. After the recent sharp drop, the price bounced off the lower boundary of the triangle and recovered to around $0.32 — a sign that buyers remain active at support.In the short term, the $0.3228–$0.3277 zone stands as a key resistance area. Unless TRX breaks clearly above this zone, price action may remain within the triangle. However, the chart structure still favors a potential upside breakout, particularly if supported by strong volume.On the downside, the $0.3095–$0.3040 area acts as short-term support, while the $0.2967–$0.2923 zone serves as a major support level. This zone aligns with the triangle’s lower trendline, where buyers could be expected to step in again if tested.Summary:TRX remains inside a tightening symmetrical triangle pattern.A breakout above $0.3228–$0.3277 could lead to targets at $0.3433 and $0.3700.As long as the $0.3040–$0.2967 support zone holds, the outlook remains positive.A daily close below $0.2923 would invalidate the pattern and likely trigger stronger selling pressure.With the triangle nearing its apex, a strong directional breakout is likely soon — a daily close above $0.3277 would confirm a bullish move.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.
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21 Oct 2025
What is Ethereum Name Service (ENS)?
When it comes to identity, security, and user experience in the Web3 world, one of the most important projects that comes to mind is undoubtedly the Ethereum Name Service (ENS). By converting crypto wallet addresses into human-friendly domain names, ENS not only simplifies transactions with names like "vitalik.eth" but also allows you to create your personal digital identity. ENS simplifies sending cryptocurrencies, reduces the margin of error, and aims to be a cornerstone of the decentralized internet. So, what exactly is ENS, how does it work, how to obtain it, and why has it become so important? In this guide, we will cover every detail of the Ethereum Name Service, from its history and current developments to its technical infrastructure and use cases.Definition and Origins of ENSEthereum Name Service (ENS) is a decentralized system that provides a domain name service for Ethereum by converting crypto addresses into human-readable names. Just as the Domain Name System (DNS) maps IP addresses to website names on the traditional internet, ENS maps long and complex Ethereum wallet addresses to short and memorable names like "vitalik.eth." This allows users to transfer assets using easy-to-remember ENS names instead of complex 42-digit addresses, significantly reducing the risk of typos and resulting losses. This convenience, especially considering the irreversible nature of blockchain transactions, both increases security and significantly improves the experience. The origins of ENS stem from user experience issues experienced in Ethereum's early years. In 2016, Ethereum developer Nick Johnson recognized this need and proposed the idea. Development began under the auspices of the Ethereum Foundation. Johnson and his team, inspired by name resolution systems previously tested on projects like Namecoin, aimed to develop a more efficient solution specific to Ethereum. Rather than building a blockchain from scratch, ENS was built on Ethereum itself; the system was designed to work entirely with smart contracts. Prominent figures such as Alex Van de Sande from the Ethereum Foundation also contributed to the process.ENS officially launched on the Ethereum mainnet on May 4, 2017. Initially, only domain names with the extension ".eth" were supported, and the system operated by auctioning names longer than seven letters. At the time, the method used was a Vickrey-style auction; users would place private bids for the .eth name they desired. When bids were opened, the highest bidder would receive the name, but only the second-highest bid would be paid. As long as the winner held the name, this fee was locked in the smart contract.During this process, some domain names exchanged hands for significant amounts. For example, "exchange.eth" was sold for approximately 6,660 ETH, or around $600,000 at the time. These and similar sales resonated strongly within the crypto community and rapidly increased interest in the idea of a "digital domain name."Immediately after launch, the ENS project continued to grow rapidly, supported by a $1 million grant from the Ethereum Foundation. In 2018, Nick Johnson used this funding to establish a Singapore-based non-profit company: True Names Ltd. (now ENS Labs). This allowed the project to become independent of the Ethereum Foundation.The project's primary goal was to reach as many users as possible while maintaining its decentralized structure. The goal was also to be compatible with traditional DNS systems. Therefore, the team didn't limit itself to the .eth extension; Integration efforts have begun to allow the use of different extensions like .xyz and .luxe with the ENS infrastructure. Over time, some existing DNS domain names have also become resolvable through ENS.ENS History: Major MilestonesThe ENS project has reached its current status over the past few years through a series of technological developments and community initiatives. Let's take a look at the significant milestones ENS has achieved since its launch.2017: Inception and initial registrations - ENS went live on the Ethereum mainnet in May 2017. Initially, only names with .eth extensions of seven or more characters were supported, and these names were distributed through a Vickrey-style auction system. Immediately after launch, hundreds of thousands of Ethereum addresses began matching ENS names. The launch was originally planned for March 2017, but was briefly postponed due to a technical vulnerability. After the necessary fixes were made, the system was seamlessly activated in May. During this period, the Ethereum Foundation provided both technical and financial support to the project, contributing to ENS's growth on a solid foundation.2018: The Project's Institutionalization - 2018 was a turning point for ENS. The Ethereum Foundation provided Nick Johnson with a $1 million grant to support the project's development. Johnson used this funding to establish True Names Ltd., a Singapore-based non-profit. Thus, ENS began forging its own path, independent of the Ethereum Foundation. Later that year, with the integration of DNS-based domain name extensions such as .luxe and .kred into the ENS system, traditional domain name owners could also use their names on ENS.2019: Permanent Registry System and New Features - In May 2019, ENS made a significant change, switching to a perpetual registry. Instead of auctions, a renewable model was adopted with an annual fee. With this system, names with the .eth extension began to be represented as NFTs under the ERC-721 standard. Users could now hold their names as NFTs directly in their wallets. That same year, short ENS names of 3 to 6 letters were first released and distributed in a two-month auction on OpenSea. With a new feature introduced in October, multiple blockchain addresses (e.g., BTC, LTC) and text-based information (e.g., email address, Twitter username) can be added to a single ENS name. This has transformed ENS into a decentralized identity platform equipped with multi-chain support and personal information, not just for Ethereum addresses.2020: Ecosystem integrations - In 2020, ENS took significant steps toward its decentralized web vision. In January, IPFS and Swarm content hash records became active on ENS. This allowed users to not only link their ENS names to their wallet addresses but also use them to host decentralized websites. With this development, ENS began rapidly progressing toward becoming a cornerstone of the Web3 world. That same year, there was a noticeable increase in browser and wallet integrations. Browsers like Brave and Opera can now directly open sites with .eth extensions. ENS support on the wallet side also became widespread. Chainlink also provided financial support to ENS, renewing confidence in the project. As a result of these developments, the number of registered names on ENS has steadily increased.2021: The DAO and ENS token launch - 2021 was one of the most critical turning points for ENS. In November, the ENS community decided to transition the project to a fully decentralized structure. With this decision, the ENS DAO was established, and the ENS token was launched to ensure governance. ENS tokens were distributed retroactively on November 8, 2021. This means that anyone who previously registered and used a .eth domain name was entitled to a certain amount of ENS tokens based on their usage time and participation. Of the total 100 million ENS supply, 25% was allocated to domain name owners, 25% to project contributors (developers, community members, etc.). The remaining 50% was transferred to the ENS DAO treasury. The airdrop process generated considerable interest. During the first week, users who requested the distribution received an average of $5,000-$6,000 worth of ENS tokens. Some users even earned tens of thousands of dollars from their airdrops. ENS's token price fluctuated between $40 and $85 in the early days, propelling the project to billion-dollar valuations. An innovative process was implemented during the token distribution process, such as requiring users to approve the governance agreement. Thanks to all these details, the ENS airdrop became known as "one of the most successful airdrops" in the crypto world. As of November 2021, ENS became a fully community-controlled protocol. ENS's initial distribution. Source: ENS DAO 2022: Explosive Growth - While the crypto market experienced some ups and downs in 2022, the outlook for ENS was much brighter. Demand for ENS domain names increased significantly, particularly during the summer months. More than 430,000 new .eth names were registered in September alone, the highest number ever seen in a single month. By the end of the year, the total number of ENS registrations had surpassed 2.8 million. This means that 80% of all registrations since 2017 occurred in 2022 alone. In short, it was a record year for ENS. During this period, short and rare names like "000.eth" sold for high prices. For example, 000.eth sold for 300 ETH, equivalent to millions of dollars at the time. Such sales further fueled interest in three-digit ENS names and created a new user base trading domains for investment purposes. 2022 was also a very productive year for the ENS DAO. In September alone, $4.3 million was generated from registration renewal fees.2023: Technological improvements and scaling - 2023 was a year of significant technological updates for ENS. The most notable innovation was the ability to turn subdomains into independent NFTs with the Name Wrapper feature. For example, a company can define subdomains like product.marka.eth under marka.eth and distribute them. Another major development was ENS's integration with Layer-2 networks. Thanks to the CCIP-Read solution announced in July, ENS subdomains became available on platforms like Coinbase's Base network. The success of this integration was demonstrated by the registration of over 750,000 *.base.eth in the first month of its launch. By the end of the year, ENS had reached a total of 3.5 million registered names and over 800,000 users, further increasing its reach.2024: In 2024, ENS entered a new era, both technically and institutionally. The Cayman Islands-based ENS Foundation was established to ensure the sustainability of the project. While the Foundation handled the legal affairs, ENS Labs continued to focus on technical development.2025: Throughout the year, progress toward technological integrations, Web3 identity solutions, and L2 (Layer-2) support accelerated. As of October, the ENS coin price was around $15. Why is ENS Important?It's no coincidence that ENS has gained popularity so quickly and become a cornerstone of the Web3 ecosystem. So, what makes ENS different and important? Below, we'll discuss the key advantages and features of ENS under various headings.Human-Friendly Addresses and Ease of TransactionsEntering long and complex addresses when sending cryptocurrency can often be a source of stress. Even a small typo can lead to the loss of all funds. This is where the Ethereum Name Service (ENS) comes in. ENS converts complex hexadecimal addresses into a format that's easily readable.For example, instead of a complex address like 0xb8c2...a267d5, simply typing foundation.eth makes addresses more memorable and eliminates the risk of misspellings. Now, when someone wants to send you ETH, they don't have to copy and paste your wallet address; they simply type your ENS name, for example, "ahmet.eth." The system automatically redirects them to the correct address represented by that name. This is particularly convenient for mobile users, as copy-paste errors or character confusion are a thing of the past.Web3 ID and a Single Digital IdentityENS isn't just a system that simplifies addresses. It's also a decentralized digital identity infrastructure. An ENS name can be central to your entire digital identity.For example, consider the name alice.eth. This name isn't just a wallet address; it can also include the owner's email address, username X, website link, or other social media profiles. All of this information is added to the text records on the ENS. Thus, alice.eth essentially becomes the "username" in the Web3 world.Many sites today support the "Sign-In with Ethereum" feature. This allows users to log in with their ENS names instead of entering a password or email address. This paves the way for ENS names to become a universal user identity in the Web3 universe in the future. ENS also stands out with its support for subdomains. For example, if a company has the name company.eth, it can create sub-identities for its employees, such as ali.sirket.eth. This way, everyone can have their own on-chain identity.Decentralization and censorship resistanceAnother aspect that makes ENS so special is that it is built on a completely decentralized infrastructure. While authorities like ICANN or private registrars manage domain names in traditional DNS systems, ENS names are held directly through smart contracts on the Ethereum blockchain. This means that you completely control a .eth domain name you own. No institution or company can take it from you, close it, or modify it.This feature is especially important in environments with high censorship risks. Thanks to ENS, when a website hosted on IPFS is associated with the .eth extension, that site becomes much more resistant to traditional internet blocking. Users can access these sites by directly typing example.eth in browsers like Brave. Content can also be viewed in other browsers through gateways like example.eth.limo.Broad ecosystem supportAnother reason ENS has become so powerful is its compatibility with nearly the entire crypto ecosystem. Today, many wallets, exchanges, and dApps have integrated ENS support into their systems. For example, in wallets like Metamask, Coinbase Wallet, or Trust Wallet, it's possible to make direct transfers by typing the ENS name instead of the address. Block explorers like Etherscan automatically display ENS names, and OpenSea includes ENS domains among NFT collections.ENS supports not only Ethereum addresses but also various blockchain addresses. For example, Bitcoin, Dogecoin, or Litecoin addresses can be added to ahmet.eth. This allows a user to send BTC to Ahmet's Bitcoin address simply by typing ahmet.eth from a compatible wallet.Thanks to its extensive integration network, users can be identified and transacted on different platforms with a single name. Community ManagementOne of the main reasons ENS has become so important is its entirely community-driven structure. With the launch of the ENS token in November 2021, the project launched the ENS DAO (decentralized autonomous organization). Since then, decisions that determine the protocol's fate—such as registration fees, updates, and treasury usage—are now made by the community. The ENS token is at the heart of this system. Each token grants its holder voting rights; the more tokens you own, the more say you have. For example, before the DAO makes any changes to registration fees, it puts them to a vote, with a majority decision determining the final decision. Thanks to this democratic structure, ENS is governed entirely by the collective will of its users, without being controlled by any single company or investor. ENS DAO mechanics. Source: ENS DAO ENS's economic model was designed with the same approach. When a user obtains a new ENS name or renews an existing registration, the fee is transferred directly to smart contracts on the Ethereum network. These revenues are automatically transferred to the ENS DAO treasury. This means that as the number of registrations increases, the DAO's treasury grows. When the project was first established, 50% of the total supply (50 million ENS) was transferred to the treasury. This fund, combined with user payments, has created a strong and sustainable financial structure.ENS DAO uses these funds not only for the development of ENS but also to support open-source projects that contribute to the Ethereum ecosystem. This system has created a self-funded, community-driven economy.ENS Founder and Project TeamEthereum Name Service (ENS) was created by experienced developers in the Ethereum ecosystem and has grown with strong community support. The project's founder is Nick Johnson (nick.eth), who previously worked as a software engineer at Google. Johnson developed the idea for ENS and assumed technical leadership for the project during his time at the Ethereum Foundation. Another key member of the team is interface developer Alex Van de Sande (avsa.eth). These two led the core team that prepared for the 2017 launch.In 2018, Johnson founded a non-profit organization called True Names Ltd. (now ENS Labs Ltd.) with a grant from the Ethereum Foundation. This Singapore-based team continues to develop and update ENS's core software. The team featured prominent figures such as smart contract engineer Jeff Lau and longtime community communications manager Brantly Millegan.ENS has grown remarkably without any venture capital investment. Initial funding came solely from the Ethereum Foundation and a 2020 Chainlink grant. No exclusive shares were allocated to founders or investors in the token distribution; all tokens were distributed directly to users and contributors. Thanks to this transparent structure, ENS is considered a "fully public" project.Many individuals, including Ethereum founder Vitalik Buterin, have long supported ENS. Even centralized companies like Coinbase have voting rights within the ENS DAO. On the DAO side, various working groups, such as those dedicated to ecosystem, technology, and public goods, meet regularly, with community revenues going towards both the development of the ENS and open-source projects within the Ethereum ecosystem.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about the Ethereum Name Service (ENS):What is the Ethereum Name Service (ENS) and what does it do?: ENS is a system running on Ethereum that converts long crypto addresses into readable names. For example, you can use "username.eth" instead of 0x..., making transactions easier and more secure. The ENS token serves as a governance tool and grants its holders voting rights within the DAO.What networks does ENS work on?: ENS primarily runs on the Ethereum mainnet, but some Layer-2 networks like Base also offer ENS support. Classic DNS domains like .xyz and .luxe can also be connected to ENS. So, while ENS is Ethereum-centric, it offers multi-chain functionality.Who founded ENS?: ENS was developed in 2017 by Nick Johnson and Alex Van de Sande within the Ethereum Foundation. After 2018, Johnson founded True Names Ltd. (ENS Labs) became independent. Today, governance is carried out by the community-based ENS DAO.When was the ENS coin/token launched, and what was its price like?: The ENS token was launched in November 2021 and traded in the $40–$85 range in the early days. Although it later fell below $10 depending on market conditions, it stabilized in the $15–$20 range after 2023. Its all-time high was $85 in November 2021.What does the ENS token do?: The ENS token provides voting rights in the DAO's governance. Token holders can vote or delegate on matters such as registration fees and updates. ENS tokens are tradable, but name registration and renewal fees are still paid in ETH.Has an airdrop been made, or will there be another one?: Yes, a large airdrop was made to .eth holders in November 2021, distributing 50% of the total supply. This was a one-time reward process. The ENS team has clearly stated that they have no new airdrop plans.Is ENS reliable, and is it worth investing in?: ENS has a secure smart contract infrastructure that has been operating since 2017. It is considered reliable because it is one of Ethereum's most widely used protocols. However, since the ENS token price is volatile, investment decisions should be made based on personal risk tolerance.What other features does ENS have?: ENS comes with many features, including reverse registration, subdomains, and content hashing. Users can add websites, avatars, or social accounts to their names. With the Name Wrapper update coming in 2023, transferring subdomains as NFTs is also possible.Your internet identity is now just a .eth away. Explore the JR Crypto Guide to stay up-to-date on developments in the ENS and Web3 domain world.
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21 Oct 2025
US-China Tensions Escalate: Bitcoin and Altcoins Fall
Bitcoin retreated to just above $107,000, partly due to tensions between the US and China. This market decline suggests that investors are increasingly risk-averse in the face of uncertain macroeconomic developments and rising tensions between the US and China. Investors are particularly excited ahead of US President Donald Trump's meeting with Chinese President Xi Jinping later this month. Data suggests that crypto investors have begun to reduce their positions.According to market data, Bitcoin price has fallen 2.44 percent in the last 24 hours, falling to $107,830. The largest cryptocurrency by market capitalization has seen a 3.7 percent weekly loss. After a brief recovery at the beginning of the week, BTC has tested the $111,200 level, and is experiencing renewed selling pressure. Some analysts predict this volatility will continue in the short term. For example, according to BTSE COO Jeff Mei, "macro concerns are currently driving the market's daily movements." According to Mei, volatility will continue as trade tensions between the US and China continue. Mei emphasized that the main reason for the decline was investors reducing their positions ahead of the Trump-Xi meeting. The meeting is expected to take place in South Korea at the end of the month. “The possibility of an agreement at the end of the month could temporarily calm the markets, but it is unlikely that the tension will completely disappear,” he added. He also stated, “The biggest risk for crypto markets today is the unpredictability of macro developments. Even a single tweet can move prices up or down. The most logical thing investors can do is diversify their portfolios and hedge against uncertainty.”What's the latest on the crypto market?These macro pressures affected not only Bitcoin but also leading altcoins. Ethereum fell 4.77 percent to $3,855, while BNB traded at a 5.36 percent loss. Solana also fell 4.6 percent. Outflows from spot crypto ETFs also continued. According to market data, there were net outflows of $40.5 million from spot Bitcoin ETFs and $145.7 million from spot Ethereum ETFs. Last week, BTC ETFs had their worst weekly outflow of recent times, with a net outflow of $1.23 billion.The weak performance of both individual and institutional investors indicates a deterioration in market sentiment. The Fear and Greed Index is currently at 29, in "fear" territory. Meanwhile, investors are focusing on the US Consumer Price Index (CPI) data, which will be released this week. This data is critical for understanding the inflation trend. The market believes that if the data is weak, the probability of a 25 basis point interest rate cut by the US Federal Reserve (Fed) this month increases. According to CME Group's FedWatch tool, this probability is priced in at 98.9%.Will trade tensions spill over into geopolitical areas? There's talk that the tensions in US-China relations may not be limited to trade but could spill over into geopolitical areas like the South China Sea and Taiwan. The Trump administration has issued stern warnings against China's imposition of sanctions on companies investing in US-based strategic industries. China's recent restrictions on the US branches of South Korea's Hanwha Ocean have ignited a new economic conflict between the two countries centered on maritime and defense industries.
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21 Oct 2025
LDO Comment and Price Analysis - October 20, 2025
LDO/USDT Technical OutlookLido DAO, which manages the majority of the staked assets on Ethereum, stands out again with the increasing interest in liquid staking. In particular, while the demand for corporate staking solutions is increasing, the LDO price has started to reflect this interest on the charts. Falling Channel Structure Analyzing the chart, we see that LDO continues to follow a clearly defined descending channel structure that has been in place for quite some time. Each time the price attempts to rise, it faces selling pressure near the upper boundary of the channel. Conversely, when it approaches the lower boundary, buyers tend to step in. This pattern shows that the downtrend is still active, but the price is now trading near a strong support zone at the bottom of the channel.LDO is currently trading around $0.88, holding just above the critical support area at $0.82. This level acts as both channel support and a key horizontal level, making it a significant threshold for price stability. A bounce from this region could push the price toward $0.98–$1.04 in the short term. The midline of the channel sits around $1.23, while the upper boundary is located between $1.45 and $1.54. A breakout above this upper range would signal a potential trend reversal, opening the door for an extended move toward $1.85 and $2.49.If the $0.82 support fails to hold, selling pressure is likely to increase. In that case, the next support levels lie at $0.70 and then $0.64–$0.60 — an area that aligns with the lower edge of the descending channel and could act as a final defense zone for buyers.Summary:LDO remains within a well-defined descending channel.Current price: $0.88Key support: $0.82 → holding this zone is critical for potential recovery.Resistance targets: $0.98–$1.04 (short-term), $1.45–$1.54 (upper channel), $1.85–$2.49 (if breakout confirmed).Break below $0.82 could deepen the correction toward $0.70–$0.60.Overall, the structure still favors consolidation near the channel bottom — watch for a reaction from current support.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.
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20 Oct 2025