Ripple CTO Drops Major XRP UNL Clarification: Details

Ryder, the company behind the user-friendly crypto hardware wallet Ryder One, has secured a significant seed investment to accelerate its growth. 

Ryder Raises $3.2M Seed Round Led By Tim Draper

Ryder, has closed a $3.2 million seed funding round. The wallet is designed to give users complete crypto security in under 60 seconds, aiming to make managing digital assets simpler for everyone. 

The funding round was led by Tim Draper, founder of Draper Associates. Other participants included venture capital firms Borderless, Semantic, Smape, and VeryEarly, as well as angel investors Anatoly Yakovenko, co-founder of Solana, and Joe McCann, CEO of Asymmetric.

Funding To Expand Ryder One And Boost Growth

The funds will help Ryder increase production, grow its engineering and marketing teams, and continue improving its flagship product, Ryder One. The investment will also support a major marketing campaign to boost visibility and strengthen the brand.

“We created Ryder because we experienced firsthand how fragile and intimidating self-custody can be,” said Louise Ivan Payawal, co-founder and CEO of Ryder. “For too long, crypto has relied on seed phrases – a single piece of paper that could decide the fate of your entire wallet,” he added. 

Marvin Janssen, Ryder’s CTO, explains that Ryder One is designed to make using crypto easy and natural to use. By simplifying the overall experience and improving recovery, it aims to let anyone, anywhere confidently own and use crypto.

Tim Draper, highlighted that the crypto industry needs solutions that don’t require in-depth technical knowledge but still maintain high security standards.

He praised Ryder’s wallet for its quick setup and offline design that keeps users’ holdings safe.

Solution For Secure Crypto Wallets

Ryder One introduces TapSafe recovery, a strong and secure solution for crypto wallets. TapSafe backups are spread across mobile phones and coin-sized NFC Recovery Tags, which must be physically combined to restore wallet access if it’s lost.

Tapsafe is redundant and self-custodial, and eliminates the single point of failure that has existed with seed phrases until now. With Ryder One, users can create and back up their wallet safely in under 60 seconds.

Bringing Crypto To Daily Payments

Looking ahead, Ryder plans to let users spend cryptocurrency directly from their hardware wallet with Ryder’s companion app for tap-to-pay and other everyday transactions, helping make digital money part of daily life.

Tim Draper is a long time Bitcoin proponent and predicts that retailers may eventually accept only Bitcoin for payments. He has also backed major crypto companies like Coinbase and Robinhood.

OpenSea will launch its long-awaited token in the first quarter of 2026, the platform's CEO announced, as the NFT trading site transforms itself into a multi-chain trading hub and perpetual futures protocol. 

Details on the platform's SEA token were revealed in an X post on Friday from OpenSea CEO Devin Finzer, in a joint announcement with the OpenSea Foundation. The token will be launched in the first quarter of 2026, according to the announcement, with 50% of the total supply going to OpenSea's community — namely OG users and participants in the current rewards program — and with more than half of that sum awarded during the token's initial claim period. 

"Both OGs and those who participated in OpenSea rewards programs will be meaningfully considered, separately," the announcement states. 

50% of the platform's revenue will be used for token buybacks "at launch," according to the announcement, and users will be able to stake SEA tokens "behind [their] favorite tokens and collections." OpenSea did not disclose the total token supply or reveal further details on how allocations will be determined, nor did it say how the percentage of revenue going to buybacks would be determined. The Block could not immediately reach OpenSea for comment. 

The planned launch comes as OpenSea pivots from an NFT marketplace to a multi-chain trading hub. So far in October, OpenSea has had its biggest volume month in three years, with $1.6 billion in crypto trades and $230 million in NFTs, The Block previously reported. The platform currently has about a two-thirds share of the Ethereum NFT market, according to The Block's data, though trading volumes are considerably down from the heyday of the digital assets. 

OpenSea also plans to support perpetual futures contracts ('perps') on the platform, as capital that once chased NFTs and memecoins is increasingly moving towards perps, especially on newcomer decentralized exchanges like Hyperliquid and Aster. OpenSea has also opened its mobile app to testers in a closed alpha stage, and plans to launch the app between now and the token generation event. 

OpenSea's evolution will be "the destination for the onchain economy in its entirety," Finzer wrote. "Trade everything. Tokens, culture, art, ideas, the digital and the physical. And all in one place that feels like a home, not a bank."

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.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin has continued its corrective move this week, dropping from all-time highs and testing key trendline and support levels. While the broader macro structure remains bullish, the short-term outlook suggests consolidation or even deeper downside if buyer momentum fails to step in soon.Technical Analysis

By ShayanThe Daily Chart

On the daily timeframe, BTC has broken below the 100-day moving average, located around $115K, but is currently sitting right on the lower trendline of the large ascending channel and the critical 200-day moving average. This area also aligns with a previous order block and is acting as major support.

However, RSI remains under 40, reflecting a clear loss of bullish momentum, and unless the price rebounds quickly, this trendline could break, opening the door toward levels below the key $100K zone, which could lead to an overall bearish shift in market trend.

After surging to a record high above $126,000, Bitcoin and the broader crypto market have been shaken by unprecedented volatility — literally. On Friday, crypto markets saw their largest-ever liquidation event, totaling roughly $19 billion.

The wipeout surpassed even the worst days of the FTX collapse in 2022, underscoring both how much the market has grown since then and how fragile it remains.

The sell-off began in classic crypto fashion. Reports suggest US President Donald Trump may have misinterpreted China’s export controls, sparking a sweeping tariff threat that sent risk assets tumbling.

As markets reeled, crypto price feeds briefly showed zero prices on some tokens, and traders reported losing years of gains within minutes. 

When the dust settled, Binance once again found itself in the spotlight. The exchange has since announced a major relief program aimed at helping traders impacted by the meltdown.

This week’s Crypto Biz examines Binance’s relief pledge, JPMorgan’s latest crypto initiative, the continued rise of Bitcoin treasury companies, and Elon Musk’s comparison of Bitcoin to “sound money.”

Binance pledges $400 million relief program for traders

Binance announced a $400 million relief initiative to support traders hit by the Oct. 10 market crash, which was reportedly sparked by President Trump’s new tariff threat against China.

The event quickly snowballed into one of the crypto industry’s largest liquidation waves, wiping out an estimated $19 billion in leveraged positions.

Under the new program, Binance will distribute $300 million in token vouchers to eligible users. To qualify, traders must have suffered liquidations on futures or margin positions during the peak of the turmoil — between Friday 00:00 UTC and Saturday 23:59 UTC.

The exchange also plans to establish a $100 million low-interest loan fund for ecosystem participants affected by the volatility. However, Binance emphasized that it “does not accept liability for users’ losses.”

The move follows widespread criticism from traders, some of whom reported technical issues that prevented them from closing positions, as well as interface glitches that briefly showed several token prices at zero.

Binance was also linked to an exploit affecting Ethena’s USDe synthetic stablecoin, which temporarily lost its peg during the market chaos.

The crypto market reversed on Saturday after an earlier drop on Friday, which tracked Wall Street losses amid jitters on banking concerns and trade tensions.

Bitcoin fell to a low of $103,516 on Friday, marking four consecutive days of drop since Oct. 13 as macro uncertainty and liquidity stress kept traders cautious across crypto markets. Gold's price also fell after reaching a record high at $4,379 earlier on Friday. Silver mirrored the drop in Bitcoin and gold, falling as the broader precious metals group retraced after a steady rally this week.

Investors also considered the ongoing government shutdown, which is in its third week, as lawmakers fail to reach an agreement on the federal budget. During the shutdown, federal agencies have suspended releases of crucial economic data, not allowing investors to properly assess the health of the U.S. economy.

At the time of writing, Bitcoin had recouped part of its losses, up 1.5% in the last 24 hours to $107,292.

"Rich Dad Poor Dad" author defines real money

In a tweet, "Rich Dad Poor Dad" author Robert Kiyosaki acknowledges a rebound in gold, silver, Bitcoin and Ethereum prices, revealing his excitement about this.

While a rebound is happening across various assets, Kiyosaki calls attention to what he calls the "price of life," that is inflation, which he claims "makes life harder on the poor and middle class."

In this light, Kiyosaki urges his followers not to be a victim of a broken and corrupt monetary system.

The "Rich Dad Poor Dad" author went on to define what real money is, which he says is never government money. He names gold, silver, Bitcoin and Ethereum as "real money," which he says is what is to be saved.

Chainlink is posting bullish performance as its price rose over 6% in the last 24 hours in the cryptocurrency market. Amid the price surge, Chainlink whales are engaging in massive accumulation, sparking bullish sentiment.

Whale accumulation sparks bullish sentiment for Chainlink

As spotted by Lookonchain, an on-chain tracker, a brand-new wallet has moved 744,604 LINK from Binance. The accumulated asset is valued at around $12.5 million. This is the latest in a series of withdrawals from exchanges.

The fact that the wallet was newly created suggests that the holder is looking to move the coins and keep them for the long term rather than preparing to sell. The development has sparked bullish sentiment among LINK holders.

It indicates that the asset is on a path of recovery and might overcome the broader market fluctuation. Notably, Chainlink has already hit oversold conditions with a Relative Strength Index of 33.89. The current whale rally could serve to catalyze price action for LINK.

With the continued accumulation in the Chainlink space, it will reduce sell pressure on major exchanges. Such development could cause prices to appreciate as demand increases amid reduced supply.

As of this writing, Chainlink is changing hands at $16.88, which represents a 5.21% increase in the last 24 hours. The asset earlier tested the $17 level but faced rejection after attaining a peak of $16.96. If the current whale interest succeeds in pushing LINK past $18, it might rally toward $20.

However, failure could see it plunge to $15.75. To maintain its bullish outlook, retail traders and investors need to increase their engagement, as the occasional whale accumulation has not been able to revive interest.

Trading volume is currently in the red zone, down by 32.59% at $873.24 million. An uptick in volume could support the price move toward the $20 target.

Can Chainlink reignite "Uptober rally"?

For Chainlink to be fully back on the "Uptober rally" track, volume boost remains key. In early September, a massive 77% increase in volume repositioned LINK on a bullish path. A rekindling of interest from other LINK holders could catalyze price action and set it on a rally.

On-chain analyst Ali Martinez has predicted that the technical chart reveals Chainlink has the potential to hit $28 if market conditions are right.

Meanwhile, Chainlink’s utility might be another trigger. The decentralized oracle service provider recently made headlines that positively impacted the token’s price. When market participants learnt that Chainlink would support the U.S. Department of Commerce to store macroeconomic data, it boosted the price.