XRP gets legal recognition as property in India: Why this court ruling matters

Ripple's $1B share buyback sees low participation despite $40B valuation

Ripple's buyback has seen low participation, according to a recent report by The Information.

• Buyback details. Ripple Labs recently offered to repurchase $1 billion worth of shares at a $40 billion valuation.

According to a recent report by The Information, Ripple Labs offered to repurchase $1 billion worth of shares at a $40 billion valuation last month. However, the company reportedly saw the lowest participation rate yet in this tender offer, with many private shareholders choosing not to sell their stakes. 

This shows that investors are confident in Ripple's long-term potential following the company's victory over the SEC and massive acquisition spree. 

• Previous buybacks. In January 2024, Ripple repurchased $285 million in shares at an $11.3 billion valuation.

In January 2024, Ripple announced a buyback of US$285 million of its shares from early investors/employees that valued the company at about $11.3 billion. However, as reported by U.Today, CEO Brad Garlinghouse then stated that the valuation was too low, citing the company's vast XRP holdings that surpassed a whopping $100 billion last year. 

In June, the San Francisco-headquartered company initiated a significantly larger tender offer of $700 million at $175 per share. 

Dogecoin faces bearish setup as analysts warn of potential drop below $0.10

DOGE has formed its weakest setups in months after losing key support, setting the stage for a brutal 40% correction.

• Price outlook. Dogecoin may be entering a prolonged bearish phase.

According to the latest price projections, Dogecoin’s price setup looks like a time bomb with a slow fuse. It turns out the break under $0.18 was not manipulation or an accidental slip but the final line keeping DOGE from reopening the path back toward $0.12. What's even worse, it may be below $0.10 by the end of 2025. 

• Analyst insight. Ali Martinez noted that DOGE now trades within a long-term descending channel.

Thus, prominent analyst Ali Martinez revealed how the DOGE chart now sits inside a prolonged channel, where every rebound runs into the same wall of trapped sell supply, and nothing about the current conjecture suggests the market wants to defend this zone anymore from Dogecoin.

If the projection plays out as it usually does, the next 12 months for Dogecoin will be more painful. A dip to $0.16 looks almost guaranteed this quarter, followed by a slow crawl into $0.14-$0.12 territory through the end of the year. 

Bitcoin nears key breakdown zone as liquidation pressure mounts

Bitcoin is close to losing a fundamental level that investors fought for throughout 2025.

• Price action. Bitcoin continues its steep descent, trading near $104,000.

As the price of Bitcoin hovers around $104,000, close to breaking through a crucial psychological threshold, its steep decline continues. With little structural support left below, concentrated liquidation clusters are visible just below the current price on the most recent CoinGlass liquidation heatmap. 

• Market outlook. Analysts warn that if the current zone breaks, BTC could see accelerated downside movement.

A dense liquidity pocket that is presently being tested is shown on the heatmap between $103,000 and $104,000. The next significant liquidation bands, which are probably stacked with more stop-loss orders and leveraged positions, will emerge between $101,500 and $100,000 if this zone gives way. Given the increasing downside pressure indicated by both technical and on-chain data, these levels might only offer short-term stabilization.

Ripple has officially indicated the start of Swell, its most important event of the year, which convenes leaders in crypto, payments, banking and policy to discuss what's ahead for the future of finance.

The Swell event now being held in New York City will run from Nov. 4 to 5, with high expectations already spanning the crypto community.

According to a recent tweet by Ripple, Swell 2025 kicks off with opening remarks by Ripple President Monica Long and a Fireside chat with Nasdaq chair and CEO Adena Friedman.

The Ripple Swell event's roll call of speakers includes prominent industry leaders from Ripple, BlackRock, Nasdaq, Mastercard, BNY Mellon, Fidelity and Franklin Templeton, among others.

What to expect?

Besides Nasdaq CEO Adena Friedman, who will participate in the first fireside chat at the event, other speakers include Maxwell Stein, Director of Digital Assets at Blackrock; Cynthia Lo Bessette, Head of Fidelity Digital Asset Management; Hunter Horsley, Bitwise CEO; Scott Lucas, Head of Markets and Digital Assets at J.P. Morgan; and Christian Rau, Senior Vice President of Blockchain Digital Assets and Fintech Enablement at Mastercard, among others.

At the event, insights beneficial for the digital asset space and the financial markets are expected, with the crypto community tuning in.

Carlos Domingo, Securitize CEO, will also participate in a panel discussion at the Ripple Swell event, on the theme "Driving Global Growth and Trust with RLUSD."

Hours from the start of the event, Ripple announced the acquisition of digital asset wallet and custody company Palisade, expected to significantly expand Ripple's custody capabilities to directly serve the core needs of fintechs, crypto-native firms and corporations.

Balancer, a major DeFi protocol, has suffered a significant exploit, with approximately $116 million drained from protocol vaults. On-chain data shows large, unusual outflows from Balancer’s “0xBA1…BF2C8” address to an external wallet, including 6,587 WETH (~$24.5M), 6,851 osETH (~$26.9M), and 4,260 wstETH (~$19.3M). The scale and nature of the transfers point to a coordinated attack involving high-value assets across multiple vaults.

Balancer has since confirmed the breach, stating that “around 7:48 AM UTC, an exploit affected Balancer V2 Composable Stable Pools.” According to the team, these pools have been live for several years, and some were outside the pause window, leaving them vulnerable. Pools that could be paused have been halted and are now in recovery mode, with the exploit confirmed to be isolated to V2 Composable Stable Pools. Balancer V3 and all other pools remain unaffected.

The protocol says it is working with leading security researchers and legal teams to investigate and will release a full post-mortem. Balancer also warned users about fraudulent communications circulating in the aftermath, emphasizing that official updates will only come through its verified X account and official Discord.

This incident marks one of the largest DeFi exploits of the year and has heightened security concerns across the sector.

Hacker Offloads Stolen Tokens Into ETH as Crypto Markets Face Broad Selloff

According to Lookonchain, the Balancer exploiter has begun swapping the stolen assets for ETH, accelerating concerns that the attacker intends to consolidate and move value quickly before defenses or recovery mechanisms can engage. Converting large amounts of liquid-staking tokens and wrapped assets into ETH not only solidifies the hacker’s control over the stolen funds but also signals an intent to exit positions entirely rather than negotiate or return funds — a troubling sign for victims and the protocol.

This development is unfolding during one of the sharpest pullbacks the market has seen in recent months. Ethereum has fallen below $3,500, a key psychological and technical level, while Bitcoin has broken under the $105,000 support, intensifying fears of deeper downside as liquidity thins and sentiment deteriorates. Altcoins, already under pressure from macro-driven derisking, are bleeding heavily, with capital rotation stalling and speculative flows evaporating.

For Balancer, the timing compounds the severity of the crisis. A major security breach during a fragile market period magnifies losses, erodes confidence, and increases the risk of liquidity dislocations. The DeFi ecosystem is now closely watching both the hacker’s next moves and Balancer’s recovery plan as the sector navigates heightened stress on both technical and sentiment fronts.

BAL Breaks Down Further As Market Selloff Drives Heavy Pressure

BAL has entered another phase of sustained weakness, with the weekly chart showing a clear downtrend that has now intensified following the confirmed exploit. After trading near the $1 region for months, the token has broken lower, currently hovering around $0.80 and showing a sharp weekly decline. The chart reflects heavy selling volume, suggesting that the security breach accelerated an already fragile market structure.

Technically, BAL remains below the 50-week and 200-week moving averages, reinforcing a long-term bearish trend with no immediate signs of reversal. Each attempt to establish support has been met with lower highs and breakdowns, indicating persistent distribution and a lack of sustained buyer interest. The recent spike in volume during the selloff confirms capitulation behavior rather than accumulation, as fear spreads across the DeFi sector.

Market sentiment around BAL has deteriorated further given the exploit’s timing. With Ethereum trading below $3,500, Bitcoin losing key support near $105,000, and altcoins bleeding across the board, risk appetite is at a low point. For BAL to show recovery signals, it would need to reclaim psychological support near $1 and stabilize volume flows. Until then, price action remains vulnerable, and further downside cannot be ruled out as confidence rebuilds slowly.

Featured image from ChatGPT, chart from TradingView.com

With 19 years remaining for Sam “SBF” Bankman-Fried in prison, the former FTX CEO’s legal team will present arguments in the appellate court as to why a panel of judges should consider overturning his conviction or sentence.

On Tuesday, the US Court of Appeals for the Second Circuit will hear oral arguments from SBF’s lawyers. Though the details of the appeal were unclear at the time of publication, the former FTX CEO’s legal team said in its initial appeals filing from September 2024 that it intended to argue SBF was “never presumed innocent,” claiming that it was not allowed to present information to the court regarding the crypto exchange’s solvency.

“From day one, the prevailing narrative—initially spun by the lawyers who took over FTX, quickly adopted by their contacts at the US Attorney’s Office— was that Bankman-Fried had stolen billions of dollars of customer funds, driven FTX to insolvency, and caused billions in losses,” said the September 2024 appeal. “Now, nearly two years later, a very different picture is emerging—one confirming FTX was never insolvent, and in fact had assets worth billions to repay its customers. But the jury at Bankman-Fried’s trial never got to see that picture.”

Following the collapse of FTX in November 2022, US authorities extradited SBF from the Bahamas to face charges, including money laundering and fraud. A jury convicted the former CEO on seven felony counts in November 2023, and a judge sentenced him to 25 years in prison in March 2024.

The case involving the high-profile cryptocurrency executive drew attention from many in the industry, as well as lawmakers, since SBF had contributed millions of dollars to politicians through his companies. The appeals court will decide whether to grant Bankman-Fried a new trial or affirm his conviction in New York.

Also angling for a presidential pardon?

Following his conviction and sentencing hearing, SBF appeared to campaign to more align himself with Republicans and right-leaning politicians, in an attempt to draw positive attention from US President Donald Trump.

Trump has signaled a willingness to pardon or commute the sentences of cryptocurrency figures who support him or who have business relationships with members of his family. 

In January, he pardoned Silk Road founder Ross Ulbricht, who had been sentenced to life in prison, reportedly as part of an appeal to libertarian voters in the 2024 election.

Most recently, the president pardoned former Binance CEO Changpeng “CZ” Zhao, who served four months in prison in 2024 after pleading guilty to violating the US Bank Secrecy Act. The act increased speculation among many crypto users that SBF could be next, but as of Tuesday, the White House had not announced any pardon.

Solana is among the top cryptocurrencies hit by the ongoing market liquidations. The Solana crypto has plunged more than 8.7% over the past 24 hours and over 20% in the past week.

Solana founder shifts attention from price

Amid the ongoing price drawdown, Solana Founder Anatoly Yakovenko has named the most important focus for the blockchain.

Yakovenko urged developers to stop staring at the red candles and build stuff people actually use. To the Solana founder, price is a lagging indicator, while code is the leading one.

"The number one thing to focus on right now is shipping great products," Yakovenko wrote in an X post.

His comment is in response to a post from Raydium, a leading decentralized exchange (DEX) and automated market maker (AMM) built on Solana.

In its post, Radium shared a quick morale booster with the Solana enthusiasts who are still holding their bags despite the recent price crash. 

"Shoutout to all of the Solana bulls," the Radium team wrote.

While Radium is sending love to Solana bulls, Yakovenko is encouraging the launch of products that make the bear market irrelevant.

Intriguingly, his comments come shortly after Western Union revealed plans to introduce a Solana-based stablecoin. The new product, dubbed the “U.S. Dollar Payment Token” (USDPT), is set to launch next year.

Solana ETFs see robust inflows

Additionally, the SOL price drop is happening right after the first U.S. spot Solana ETFs launched in the U.S.

According to Farside Investors' data, Solana spot exchange-traded funds (ETFs) actually pulled in $70 million of inflows on November 3, 2025. 

The Bitwise Solana ETF (BSOL) saw the highest inflows of $65.2 million, while Grayscale’s Solana ETF (GSOL) followed with $4.9 million.

This marks a record-breaking daily high, signaling strong investor demand for Solana-based investment products.

Thus, the SOL price decline reflects broader market jitters, possibly influenced by macroeconomic factors, including interest rates.

Notably, the SOL ETFs began trading on October 28, after the U.S. Securities and Exchange Commission (SEC) gave the go-ahead. 

In their first week of trading, the ETFs attracted nearly $200 million in inflows, according to a U.Today report. If this momentum continues this week, the SOL price could recover from its lows and climb to new highs.