Ethereum Price Prepares for Upside Move—Is the Rally About to Return?

The world’s largest crypto exchange, Binance, has expanded its listings to include more trading pairs tied to the Trump family’s stablecoin.

Binance announced on Thursday that it has expanded support for World Liberty Financial’s USD1 stablecoin by adding fee-free trading pairs for major tokens, including Ether (ETH), Solana (SOL) and BNB (BNB) in addition to its already listed Bitcoin (BTC).

The exchange said it would also convert all collateral assets backing its stablecoin, BUSD, into USD1 at a 1:1 ratio, within a week.

“The transition means USD1 will become an integral part of Binance’s updated collateral structure, further embedding the stablecoin within the exchange’s ecosystem,” Binance said. 

Increasing access to USD1 on Binance

Zach Witkoff, co-founder and CEO of World Liberty Financial, praised the move, stating, “Binance’s expansion of USD1 marks an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere.”

USD1 is backed by US Treasury bills and launched on Ethereum and BNB Chain in March.

It has grown to become the seventh-largest stablecoin with a market capitalization of $2.7 billion, bolstered by a decision from Abu Dhabi’s investment firm, MGX, to use USD1 for a $2 billion investment in Binance in May

However, there has been no new issuance of USD1 for months, and the supply has declined slightly from its peak of $3 billion in late October, according to CoinGecko. 

Related: World Liberty Financial weighs $1.5B public company to hold WLFI tokens

Bitcoin has retraced below the $91,000 level following the Federal Reserve’s decision to cut interest rates by 25 basis points, a move that initially generated volatility across risk assets. While the market’s reaction has leaned bearish in the short term, on-chain data tells a very different story beneath the surface.

According to new insights from CryptoQuant, one of the most striking signals comes from the Exchange Inflow Coin Days Destroyed (CDD) metric on Binance, which has fallen sharply to 380, its lowest reading since September 2017.

CDD is one of the most important indicators for understanding long-term holder behavior because it assigns greater weight to older coins that have accumulated more “coin days.” Low values mean that the BTC moving onto exchanges is predominantly from short-term traders, not long-term holders.

In other words, veteran holders — the investors who historically move markets — are refusing to sell, even as Bitcoin trades near cycle highs.

Long-Term Holders Signal Strong Conviction

CryptoOnchain highlights that the significance of this CDD collapse becomes far clearer when viewed against Bitcoin’s current price context. With BTC trading near $89,600, the market is witnessing an unusually large divergence between price action and long-term holder behavior.

Historically, when Bitcoin approaches or surpasses all-time highs, long-held coins tend to move — triggering spikes in CDD as early investors and whales take profits. This pattern has repeated across past cycles, making elevated CDD a classic top-signal.

But this time, the exact opposite is happening. Instead of old coins entering exchanges, Exchange Inflow CDD is collapsing, indicating that almost none of the BTC being deposited onto Binance comes from long-term wallets. CryptoOnchain explains that this phenomenon strongly suggests that Smart Money and long-term whales have zero interest in selling at these levels, even after a multi-month correction.

This refusal to distribute supply removes a major source of overhead resistance and reflects a market dynamic driven increasingly by strong hands. The absence of long-term sell pressure reduces the available liquid supply, often preceding powerful bullish expansions. In simple terms, whales are signaling confidence — not caution — despite short-term volatility, reinforcing the narrative that Bitcoin may be preparing for its next major move.

Bitcoin Price Action: Testing Support Amid Weak Momentum

Bitcoin’s 3-day chart shows the market stabilizing just above the $90,000 level after last week’s sharp post-FED decline. Price remains compressed between the 200-day moving average (red line)—currently acting as primary support—and the 100-day moving average (green line) overhead, which continues to cap upward momentum. This creates a classic squeeze structure where BTC is holding its ground but struggling to reclaim lost trend levels.

The recent candle structure highlights a series of higher lows forming near the $89K–$90K region, suggesting buyers are defending this zone as a short-term floor. However, the rejection from the 100-day MA reinforces the broader bearish shift, as BTC remains below both key trend indicators and is yet to reclaim the breakdown level around $100K.

Volume also tells an important story: despite the bounce, buy-side conviction appears weak. The rebound has not been accompanied by a spike in demand, indicating that market participants are cautious following the rate cut and macro uncertainty.

If Bitcoin loses the 200-day MA, the next major support lies closer to $84K, which would open the door to a deeper retracement. Conversely, a decisive close above the 100-day MA near $98K would signal momentum returning to the bulls. For now, BTC remains in a fragile consolidation with limited directional strength.

Featured image from ChatGPT, chart from TradingView.com

Hex Trust said on Thursday it will begin issuing and custodying wrapped XRP, a token designed to let XRP move across several blockchains while remaining backed 1:1 by the original asset.

The Hong Kong–based digital asset custodian said the new token, called wXRP, will allow XRP to be used in decentralised finance applications on chains such as Ethereum, Solana, Optimism and HyperEVM. The initiative is all set to make XRP more accessible outside its native ledger and give users a regulated way to move the asset across networks.

Ripple’s chief technology officer, David Schwartz, welcomed the development, saying on social media that expanding XRP into more ecosystems “builds utility” while the XRP Ledger remains the “anchor” behind it.

Launch Backed by $100 Million in Locked Value

Hex Trust said wXRP will launch with more than $100 million in total value locked, providing liquidity from the first day of trading. The asset will be issued only when an equivalent amount of native XRP is deposited in custody and will be burned when redeemed, ensuring a 1:1 ratio.

The company said authorised merchants will be able to mint and redeem the token through an automated and compliant process. Users will also be able to access DeFi features when supported, such as liquidity pools and rewards.

Cross-Chain Trading With RLUSD

wXRP will also be tradeable with Ripple’s stablecoin RLUSD on Ethereum and other networks where RLUSD operates. RippleX senior vice president Markus Infanger said demand has grown for ways to use XRP across multiple ecosystems, and the wrapped asset fits with the company’s efforts to expand regulated access to DeFi.

Custody and Compliance

Hex Trust said the underlying XRP will be held in regulated, segregated custody accounts that follow KYC and AML requirements. The wrapped token uses LayerZero’s OFT standard to allow transfers between chains.

The company said the design is aimed at institutions, DeFi projects and retail users who want to use XRP in cross-chain applications without relying on unregulated bridges, which have been frequent targets of hacks.

Hex Trust said on Thursday it will begin issuing and custodying wrapped XRP, a token designed to let XRP move across several blockchains while remaining backed 1:1 by the original asset.

The Hong Kong–based digital asset custodian said the new token, called wXRP, will allow XRP to be used in decentralised finance applications on chains such as Ethereum, Solana, Optimism and HyperEVM. The initiative is all set to make XRP more accessible outside its native ledger and give users a regulated way to move the asset across networks.

Ripple’s chief technology officer, David Schwartz, welcomed the development, saying on social media that expanding XRP into more ecosystems “builds utility” while the XRP Ledger remains the “anchor” behind it.

XRP Coming To Solana?

Solana said XRP has remained one of the most trusted and liquid cryptocurrencies. Now, XRP’s long-standing utility will run on Solana’s fast network.

From day one, users will get strong liquidity. This allows traders, holders, and institutions to use XRP across Solana DEXs, lending markets, and liquidity pools, while still keeping full exposure to the original XRP and redeeming it anytime on the XRP Ledger.

Solana also said that Hex Trust and LayerZero Core will bridge and issue $wXRP, a Solana-based token that can always be redeemed 1:1 for XRP.

Launch Backed by $100 Million in Locked Value

Hex Trust said wXRP will launch with more than $100 million in total value locked, providing liquidity from the first day of trading. The asset will be issued only when an equivalent amount of native XRP is deposited in custody and will be burned when redeemed, ensuring a 1:1 ratio.

The company said authorised merchants will be able to mint and redeem the token through an automated and compliant process. Users will also be able to access DeFi features when supported, such as liquidity pools and rewards.

Cross-Chain Trading With RLUSD

wXRP will also be tradeable with Ripple’s stablecoin RLUSD on Ethereum and other networks where RLUSD operates. RippleX senior vice president Markus Infanger said demand has grown for ways to use XRP across multiple ecosystems, and the wrapped asset fits with the company’s efforts to expand regulated access to DeFi.

Custody and Compliance

Hex Trust said the underlying XRP will be held in regulated, segregated custody accounts that follow KYC and AML requirements. The wrapped token uses LayerZero’s OFT standard to allow transfers between chains.

The company said the design is aimed at institutions, DeFi projects and retail users who want to use XRP in cross-chain applications without relying on unregulated bridges, which have been frequent targets of hacks.

FAQs

Wrapped XRP (wXRP) is a token that represents XRP on other blockchains like Ethereum or Solana, allowing it to be used in DeFi applications while being securely backed 1:1 by the original XRP.

wXRP works on multiple blockchains (e.g., Ethereum, Solana) for DeFi use, while regular XRP operates primarily on its own native XRP Ledger. Each wXRP is fully backed by real XRP in regulated custody.

Yes, wXRP is issued by a regulated custodian with secure, segregated holdings. It uses a compliant 1:1 backing model, reducing risks common with unregulated cross-chain bridges.

You can use wXRP in decentralized finance (DeFi) across chains for trading, liquidity pools, and earning rewards, including trading against Ripple’s RLUSD stablecoin on supported networks.

Authorized merchants can mint wXRP by depositing an equivalent amount of XRP into regulated custody; the process is automated and ensures a secure 1:1 conversion for users.

Bitcoin price stayed above the $90,000 support zone. BTC is now rising and might soon aim for an upside break above the $94,000 resistance.

• Bitcoin started a downside correction from the $94,500 zone.
• The price is trading above $92,000 and the 100 hourly Simple moving average.
• There is a bearish trend line forming with resistance at $92,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair might continue to move up if it settles above the $93,500 zone.

Bitcoin Price Aims Upside Break

Bitcoin price failed to gain strength for a move above the $94,000 and $94,500 levels. BTC started a downside correction and traded below the $92,500 support.

There was a clear move below the 50% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. The price even spiked below the $90,000 support. However, the bulls were active near the $89,500 zone.

They prevented a move below the 76.4% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $93,000 level. There is also a bearish trend line forming with resistance at $92,950 on the hourly chart of the BTC/USD pair. The first key resistance is near the $93,500 level.

The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $94,750 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $96,000 and $96,500.

Another Decline In BTC?

If Bitcoin fails to rise above the $93,000 resistance zone, it could start another decline. Immediate support is near the $92,000 level. The first major support is near the $91,200 level.

The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,500 support in the near term. The main support sits at $88,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $91,200, followed by $90,000.

Major Resistance Levels – $93,000 and $94,000.

The US Securities and Exchange Commission has given a subsidiary of the Depository Trust and Clearing Corporation (DTCC) a highly coveted “no-action” letter, allowing it to offer a new securities market tokenization service.

The DTCC said on Thursday that its subsidiary, the Depository Trust Company (DTC), was given the go-ahead to launch “a new service to tokenize real-world, DTC-custodied assets in a controlled production environment.”

The DTC will tokenize a “set of highly liquid assets” including the Russell 1000 index, exchange-traded funds tracking major indexes, US Treasury bills, bonds and notes, with the service expected to roll out in the second half of 2026.

The DTCC runs crucial market infrastructure, providing clearing, settlement and trading of US securities. The SEC no-action letter gives it an important sign-off on its plan, confirming that the agency won’t take enforcement action if its proposed product operates as described.

“I want to thank the SEC for its trust in us,” said DTCC CEO Frank La Salla. “Tokenizing the US securities market has the potential to yield transformational benefits such as collateral mobility, new trading modalities, 24/7 access and programmable assets.”

SEC clearing up gray areas with no-action letters

The DTCC said the no-action letter allows its subsidiary “to offer a tokenization service for DTC Participants and their clients on pre-approved blockchains for three years.”

Related: J.P. Morgan taps Solana for Galaxy’s tokenized corporate bond issuance

“DTC will have the ability to tokenize real-world assets, with the digital version having all the same entitlements, investor protections and ownership rights as the asset in its traditional form,” it said. 

The SEC rarely gives no-action letters, but SEC chair Paul Atkins, a former crypto lobbyist, has warmed to the industry and has outlined how crypto products fall under his agency’s regime.

Over the past few months, the SEC has handed out two no-action letters to decentralized physical infrastructure network (DePIN) crypto projects. 

In late September, the SEC also issued a no-action letter that cleared the way for investment advisers to use state trust companies as crypto custodians.