Ether supply squeeze looms with exchanges holding lowest levels since 2015

OSL Hong Kong, a regulated digital asset exchange, has listed XRP on its platform, expanding the number of tokens available to professional investors under Hong Kong’s current licensing framework. The exchange said deposits and withdrawals for the asset are open, with trading accessible through its Flash Trade and OTC channels.

According to OSL, XRP can now be traded in three currency pairs: XRP/HKD, XRP/USD and XRP/USDT. These services remain limited to professional investors, in line with local regulatory requirements. The exchange directed users to its trading rules for details on order execution and listing procedures.

“XRP is now available at OSL HK — secure, compliant access to one of the world’s most established digital assets. Renowned for its speed and efficiency in cross-border transactions, XRP expands OSL HK’s token lineup,” OSL wrote on X. 

The listing comes as Hong Kong continues to shape its regulatory approach to digital assets, requiring licensed platforms to restrict trading access for certain tokens to institutional or professional market participants. OSL is among the exchanges operating under this framework.

XRP Price Under Pressure

XRP is trading under pressure and is currently holding near $2.05, with the broader crypto market showing weakness. The token remains in a larger bearish trend on the higher timeframes, and recent price action has mostly been sideways. Short-term moves continue to mirror Bitcoin, which has faced resistance and triggered small pullbacks across major altcoins, including XRP.

Support for XRP sits around $2, with deeper levels near $1.90–$1.95 if the decline continues. Resistance appears at $2.20–$2.50, which the price would need to reclaim to show any sign of recovery. For now, XRP remains range-bound, with no clear signal of a trend reversal.

A fireside chat will feature industry leaders discussing real-world asset pipelines, the move of institutional credit markets on-chain, and Solana’s role in scaling these solutions, according to the event posting by Solana. Such discussions often provide early signals of upcoming product launches, new partnerships, or evolving use cases that could affect Solana’s and YLDS’s perceived utility and adoption. Insights shared here may influence investor expectations around institutional adoption of on-chain finance, a key narrative for growth in both token price and developer ecosystem engagement.

Pudgy Penguins will collaborate with Carebears for the release of a special edition physical collectible as announced in their official statement. The mechanism involves leveraging IP crossover to introduce Pudgy Penguins holders and enthusiasts to established mainstream collectibles via physical merch. Such collaborations can drive brand awareness, attract new holders from outside the crypto-native community, and boost demand for associated NFTs and possibly tokenized assets. Historically, prominent brand partnerships have had positive effects on short-term NFT floor price and community engagement, though longer-term impact depends on execution and secondary market performance. The announcement details are available in this official tweet.

Hyperlane is hosting their final community call of the year, led by co-founder @thePalenimbus, as detailed in their official announcement. These calls typically offer updates on development progress, roadmap adjustments, and insight into any upcoming integrations or protocol changes. For tokenholders and observers, such events may contain forward-looking disclosures or news capable of impacting short-term price volatility depending on the significance of the updates shared. Participation levels and sentiment expressed during the call could also provide clues about project health and near-term investor confidence.

The Bitcoin market appears to be riddled with an increasing amount of sell-side pressure, as its recent price action reveals bears’ dominance. Interestingly, another on-chain evaluation suggests that the current market movement may be a direct effect of rising panic-induced sales. 

$1.7B Realized Losses Vs $605M Realized Gains

In a Quicktake post on the CryptoQuant platform, GugaOnChain shared that the Bitcoin market has been in a capitulation phase in recent days. This on-chain observation revolves around the Bitcoin Realized Profit and Loss ($) metric.

For context, this metric tracks the actual profits (in US dollars) and losses investors realize—or lock in—whenever they offload their Bitcoin holdings to exchanges. 

GugaOnChain highlighted that about $1.705 billion worth of BTC has been realized in losses by market participants. On the other hand, a relatively smaller amount, totaling approximately $605 million, was reportedly realized in gains.

A technical indicator called liveliness is rising, which historically signals bull run activity and could mean that this market cycle is not over yet, say analysts.

“Liveliness continues to march higher this cycle despite lower prices, indicating a floor of demand for spot Bitcoin that is not reflected in price action,” said technical analyst “TXMC” on Sunday.

The analyst explained that the “elegant metric,” which is like the long-term moving average for onchain activity, is a running sum of all lifetime spending compared to holding activity onchain. 

“It rises when coins are net transacting and falls when they’re being held, scaling by the age of those coins,” they added.

Fellow analyst James Check observed that liveliness has been range-bound since the 2017 peak, up until now.