Crypto Market Review: Shiba Inu (SHIB) Zero Removal Is Not Far Away, Ethereum (ETH) Selling Stops, XRP Bounce Chances Skyrocket

U.Today

The market is certainly ready for a recovery, but there's a big catch that most investors shouldn't be ignoring at this point in time. Shiba Inu might remove a zero, Ethereum is certainly seeing a small recovery while XRP's chances to retrace increase.

Shiba Inu could be ready

The chart indicates that the market may be preparing for a more rapid recovery than many anticipate, and Shiba Inu is exhibiting early, but significant, indications of entering an uptrend. SHIB has finally stabilized after months of relentless downward pressure. It formed a higher low in late November, and despite numerous tests, refused to break below the crucial $0.0000080 region. That, in and of itself, indicates a change in the structure of the market: buyers are steadily absorbing supply, while sellers are no longer able to drive prices into new lows. Chart by TradingView" />

The improvement is most noticeable in the short-term trend. In opposition to the 20-day moving average, SHIB is rising and moving closer to the 50-day, which has leveled off and is no longer sharply declining. Bullish breakouts are frequently preceded by this flattening, particularly when coupled with a longer stabilization period.

The change is also supported by momentum indicators, the RSI is rising from the mid-40s, indicating fresh purchasing activity without going into overheated territory. The next logical target is located close to the $0.0000095-$0.0000105 zone, a resistance cluster that has capped prices for months, if SHIB successfully reclaims the 50-day moving average. A break above that range would validate a mid-term trend reversal and reopen the much-discussed zero removal option.

Similar compression phases, when the majority of participants had already written it off, have historically been the beginning of SHIB’s strongest runs. Managing risk around recent lows, while treating this zone as an accumulation window, is consistent with the chart’s evolution.

Ethereum sell off conclusion

The market is displaying several indicators that the downward momentum is waning, suggesting that Ethereum’s selloff may be coming to an end. ETH has finally stabilized and begun to carve out a local floor after falling from the $4,600 area to the sub-$3,000 zone. Bearish follow-through has clearly slowed over the last few sessions, indicating that the asset may already be past the peak of the selling pressure.

This is supported by the layout of the chart. ETH has formed a distinct higher low around $2,800, instead of creating new lows, the first positive change in several months. Since then, the price has increased and is pushing against the 20-day moving average while consolidating slightly below the $3,100 mark.

Now that October’s strong cascading momentum has subsided, buyers are finally retaliating. Volume has also returned to normal, and stable participation has replaced panic-driven spikes, a typical marker of transitional periods where supply from weak hands has largely washed out. Another sign of stabilization is the RSI sitting in the mid-40s, indicating balance rather than capitulation.

For now, Ethereum appears to be shifting from breakdown to stabilization, and the selling cycle is likely nearing its end. Instead of expecting a new collapse, investors should anticipate a cautious recovery phase, with momentum gradually leaning back toward buyers.

XRP is entering important range

XRP is getting close to a technical zone where there is a significant increase in the likelihood of a bounce. The asset is still defending support in the $2.00-$2.10 range, despite months of controlled selling pressure and a distinct declining channel. The current market structure indicates that sellers are losing momentum at precisely the moment when buyers usually try a counter-move, and every retest of the channel’s lower boundary has resulted in a reaction.

First, there are no new lows. XRP has repeatedly dipped toward the same support line over the last few weeks, but it hasn’t been able to cross it. This indicates that supply isn’t increasing at lower levels, which is a typical sign of short-term reversals.

This interpretation is further supported by volume, which shows that selling spikes have decreased and that the market is entering a quieter, compression-driven phase where volatility first contracts before increasing once more.

Momentum indicators support the configuration. When the RSI is in the low-40s, it indicates that the market is under pressure but is not giving up, indicating that there is still potential for growth without creating overbought conditions. This is precisely the point at which XRP typically produces strong relief rallies, particularly in well-established downward channels.

In the case that XRP recovers, the first resistance is located between $2.16 and $2.20, close to the 20-day moving average. The price may move closer to the 50-day MA at $2.28, which has been a reliable rejection point, if there is a stronger reaction.

A move toward the mid-channel area around $2.40-$2.45 would be possible if that level were to be broken, which would be the first real improvement in medium-term sentiment.

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Texas Bank Under $6 Billion Ties Itself to Trump’s Pro-Bitcoin Power Bloc

Beincrypto

A small Texas lender is drawing outsized attention across crypto and political circles. Monet Bank, a community bank with assets under $6 billion, has rebranded twice this year and repositioned itself as a crypto-focused “infrastructure bank.”

The move matters because its owner, billionaire Andy Beal, a major Trump ally, is now placing the institution within what analysts describe as a fast-expanding pro-Bitcoin power network surrounding Donald Trump.

A Small Bank Makes a Big Crypto Pivot

Monet Bank openly states that it aims to become the premier digital asset financial institution, offering forward-facing solutions for Bitcoin, stablecoins, and broader digital asset finance.

The bank, regulated by the FDIC, has six offices in Texas and was known for decades as Beal Savings Bank.

Earlier this year, it briefly became XD Bank before adopting the Monet brand, a sequence of rebrands that signals a deliberate strategic shift.

Beal, who founded Beal Financial Corp., is known both for high-stakes poker and for heavily backing Trump’s 2016 presidential campaign through personal political committees.

His renewed entry into the digital-asset sector positions Monet as one of the few federally regulated banks openly prioritizing crypto infrastructure.

Analysts See Monet Joining a Pro-Bitcoin Political Network

According to analyst Jack Sage, Monet Bank is now part of a pro-Bitcoin power network orbiting Trump that has accelerated throughout 2024 and 2025.

The network includes firms with personal, political, or financial ties to Trump and his advisers, forming what Sage calls an emerging Bitcoin-and-stablecoin monetary bloc.

“…signals that Trump’s camp keeps actively building an alternative monetary order centered on Bitcoin and stablecoins. And they haven’t given up. The banking system sees what’s happening. We see it too,” Sage remarked.

Notable entities in the bloc include:

Cantor Fitzgerald, linked through the sons of Commerce Secretary Howard Lutnick
Tether, with ties through former White House official Bo Hines
Twenty One Capital, backed by Cantor, SoftBank, and Tether
Metaplanet, where Eric Trump serves as an advisor
Strive, co-owned by Trump supporter Vivek Ramaswamy
Strike, run by Jack Mallers and supported by Cantor Fitzgerald

Inside Trump’s immediate orbit sit World Liberty Financial, American Bitcoin Corp., and Trump Media & Technology Group, which analysts say are forming the core of a political-financial architecture built on Bitcoin and stablecoins.

A Parallel Financial System in the Making?

Monet Bank’s crypto push arrives as federal regulators under Trump have withdrawn prior anti-crypto guidance and issued new frameworks allowing banks to integrate digital-asset services more easily.

The FDIC’s acting chair, Travis Hill, recently told lawmakers that the agency expects to propose crypto-related rules tied to the GENIUS Act, a bill focused on stablecoin oversight.

Monet joins other newly created crypto-aligned banks, including:

Erebor Bank, which received a conditional OCC charter and is backed by Peter Thiel
N3XT, a Wyoming SPDI launched by former Signature Bank executives

For investors, the rise of Monet Bank signals that the Trump-aligned Bitcoin ecosystem is no longer a theoretical concept. Rather, it is actively building regulated financial rails.

With more political capital, regulatory flexibility, and institutional partners entering the space, more banks and firms could align with this emerging monetary bloc throughout 2025.

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1.65% of OP Tokens Will Be Unlocked on December 31st

Coindar

Optimism will unlock 31,340,000 OP tokens on December 31st, constituting approximately 1.65% of the currently circulating supply.

OP Info

Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs. Optimism utilizes optimistic rollups technology.

Optimistic rollups are a second-layer technology that operates on top of the Ethereum mainnet and significantly increases its throughput capacity. These rollups enable the bundling of multiple transactions into a single block, which is then confirmed on the Ethereum mainnet. This approach greatly accelerates transaction processing and reduces costs since a larger number of transactions can be processed simultaneously.

The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.

OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.

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1.17% of SUI Tokens Will Be Unlocked on January 1st

Coindar

Sui will unlock 43,690,000 SUI tokens on January 1st, constituting approximately 1.17% of the currently circulating supply.

SUI Info

Sui is a first-tier blockchain designed to address certain challenges associated with Web3.

One of the major innovations offered by Sui is parallel transaction execution. On other platforms that process smart contracts, transactions are executed one at a time, usually in the order they are received. This leads to longer processing times. However, the Sui blockchain accepts transactions in parallel, and simple operations bypass consensus, allowing them to be completed almost instantaneously.

The Sui network supports smart contracts through the Sui Move language, which is an upgraded version of the Move language. Move is a programming language based on the popular Rust language and prioritizes fast and secure transaction execution.

SUI is the native token of the Sui blockchain. Tokens can be used for staking and as payment for gas fees in the Sui PoS network.

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MOBOX Launches Season 25

Coindar

MOBOX begins Season 25 on December 5 with an unchanged rule set and a reset leaderboard. The event includes a prize pool of 6,000 MBOX, 10M eMDBL, and 50% revenue share. A snapshot for veMBOX and eMDBL rankings will be taken four hours before launch. The top five MBOX spenders will receive additional rewards. The event runs until December 15 at 08:00 UTC.

Refer to the official tweet by MBOX:

MOBOX
@MOBOX_Official
The 25th season begins TOMORROW!
The rules are unchanged, but the leaderboard is a blank slate.
Mission:
🗓ï¸ Duration: Dec 5 - Dec 15 (8 AM UTC)
🏆 Prize Pool: 6,000 $MBOX + 10M eMDBL + 50% Rev Share
📸 Snapshot: 4 hours prior to launch (veMBOX & eMDBL)
You know the drill.
Andâ€¦ pic.twitter.com/5trs537DRv
Dec 04, 2025

MBOX Info

MOBOX is a gaming platform that integrates yield farming with NFT farming to establish a free-to-play and play-to-earn ecosystem. It envisions connecting various metaverses through NFTs and aims for cross-game and cross-platform NFT interoperability. The platform focuses on enhancing the utility of NFTs in gaming and developing real-time applications for these digital assets.

MOBOX includes several key components:

A decentralized NFT marketplace for trading, renting, and lending MOMO NFTs.

A game creator featuring APIs for developers to launch and publish games using MOBOX tokens and MOMO NFTs.

An NFT creator allowing users to craft their own MOMO NFTs based on the ERC721 standard.

The MOMOverse, a cross-platform metaverse rewarding engagement and creation.

Decentralized Autonomous Guilds (DAG) for community building and resource sharing.

NFT interoperability enabling asset usage across the ecosystem and in multiple games.

MOBOX chain, an NFT POS blockchain network controlled by in-game assets, promoting carbon-neutral and efficient transactions.

MBOX serves as the native utility token in the MOBOX ecosystem. Functions as in-game currency for purchases, character acquisitions, and incentivizes player activities like PvP battles. Enables governance, allowing holders to submit and vote on proposals influencing the platform’s development. Used in liquidity mining, with staking in various pools or staking MOMO NFTs to earn rewards. Can be staked for a chance to obtain MOMO NFT Mystery Boxes.

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Hedera to Conduct Testnet Upgrade on December 8th

Coindar

Hedera is scheduled to upgrade its testnet to version 0.68 on December 8th at 18:00 UTC. The operation is expected to last approximately 40 minutes, during which intermittent network disruptions may occur.

Refer to the official tweet by HBAR:

Hedera Status
@HederaStatus
Scheduled (Dec 8, 2025, 18:00 UTC): Hedera will be upgrading the Hedera testnet to v0.68 on Monday, December 8 2025 at 18:00 UTC. The upgrade will take approximately 40 minutes to complete, users should expect some disruption to netwoâ€¦ https://t.co/5mQAwrhnWf
Dec 05, 2025

HBAR Info

Hedera (HBAR) is a decentralized public network that allows individuals and businesses to create powerful decentralized applications (dApps). Its native cryptocurrency is HBAR, used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.

Hedera stands out from other blockchain technologies due to its use of hashgraph consensus, which promises the benefits of blockchain – decentralization, distribution, and security through hashing – with enhanced speed, efficiency, and scalability. This technology enables Hedera to process thousands of transactions per second in contrast to traditional blockchains, making it an appealing option for enterprise use cases.

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ZKsync to deprecate ZKsync Lite in 2026, sunsetting Ethereum’s first ZK rollup

The Block

ZKsync announced Sunday that it plans to deprecate ZKsync Lite, the original zero-knowledge rollup it launched on Ethereum in 2020, at some point next year.

"This is a planned, orderly sunset for a system that has served its purpose and does not affect any other ZKsync systems," ZKsync said in a post on X. The team said it would share concrete details, dates, and migration guidance in the coming year.

ZKsync Lite, originally called ZKsync 1.0, went live in June 2020 as a payments-focused Ethereum Layer 2 scaling solution. The network supported token transfers, atomic swaps, and NFT minting, but lacked smart contract functionality, a limitation that constrained its utility compared to later rollup designs.

The protocol served as a proving ground for zero-knowledge technology on Ethereum. "ZKsync Lite was a ground breaking proof-of-concept and validated critical ideas related to building production ZK systems," ZKsync said. "It did its job: prove what's possible and pave the way for the next generation."

According to L2BEAT data, approximately $50 million in user funds remain bridged to ZKsync Lite, though the network now processes fewer than 200 daily operations. "Funds remain safe, and withdrawals to L1 will keep working through the process," ZKsync said.

Matter Labs, the company behind ZKsync, halted active development on ZKsync Lite in March 2023 when it launched ZKsync Era, a full-featured zkEVM capable of running arbitrary smart contracts. The Block reported at the time that Era represented the "Holy Grail of scaling Ethereum" by enabling developers to port existing applications without sacrificing security.

ZKsync emphasized that the deprecation does not affect its other products. "The next steps belong to systems built with the ZK Stack, Prividiums, and the broader ZKsync network," the team said, referencing its modular blockchain framework and enterprise-focused privacy chains.

The announcement comes as ZKsync navigates a challenging period. The network recently sunset its Ignite liquidity rewards program citing bearish market conditions, and the Aave DAO is considering deprecating its deployment on ZKsync Era due to low revenue generation.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

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