Router Protocol [OLD] (ROUTE), Router Protocol (ROUTE) - Router Chain Closure - 31 Oct 2025

AscendEX will list BOMET on October 29, 2025. New exchange listings can help a token’s price because more people can buy and sell the token. Often, prices go up right after the listing, but it depends on how much people want the token and the general market condition. If BOMET gets high interest or news, price may spike, but if demand is low, price could drop after an initial jump. Watch the trading volume and news for clues about demand. source

Bitcoin is showing early signs of strength as it attempts to reclaim the $115,000 level. After weeks of mixed sentiment and heavy selling pressure, momentum appears to be turning slightly bullish. The recent weekly close above $114,500 has confirmed a reclaim of the Short-Term Holder (STH) Realized Price, a key on-chain threshold currently sitting near $113,000. This metric represents the average cost basis of recent market participants and often serves as a pivotal line separating bullish from bearish sentiment.

Top analyst Darkfost shared that this reclaim is an encouraging signal, reflecting renewed buyer confidence after a volatile October. However, he also cautioned that Bitcoin’s position must still be monitored closely. A rejection at current levels could lead to a renewed correction phase, mirroring the pattern seen in 2024, when BTC faced multiple failed attempts before regaining upward momentum.

For now, the market sits at a delicate crossroads — consolidating below resistance while holding critical on-chain support. If Bitcoin can sustain this structure and push convincingly above $115K, analysts believe it could open the door for a broader bullish continuation and potentially a retest of the $120K region in the weeks ahead.

Bitcoin Holds Above Key On-Chain Level

According to top analyst Darkfost, Bitcoin’s reclaim of the Short-Term Holder (STH) Realized Price around $113,000 could mark a crucial turning point for market structure. He notes that during the 2024 correction, BTC faced four failed attempts to break above this same metric. Each rejection was driven by short-term holders selling at their break-even points — a typical psychological reaction that delays trend reversals. Once Bitcoin finally sustained above the STH Realized Price, however, the market quickly regained momentum and entered a new expansion phase.

This time, the dynamic appears similar. If Bitcoin successfully consolidates above this zone, it could pave the way for a strong bullish impulse and potentially a new all-time high (ATH) in the short term. The STH Realized Price acts as a measure of conviction among recent investors; holding above it suggests growing confidence and a shift from capitulation to accumulation.

Darkfost also highlights another critical observation: throughout the current bull cycle, Bitcoin has never fallen below the yearly STH Realized Price. Each time the price neared that level, a rebound followed — reaffirming it as a structural support for the broader trend.

Still, caution remains essential. A breakdown below the $94,000 mark — the current yearly STH Realized Price — would likely signal a deeper market shift. Such a move could mark the transition from a mid-cycle correction into a more prolonged bearish phase.

For now, the data suggests resilience, not weakness. As long as BTC remains above its short-term realized threshold, the broader uptrend remains intact — with potential for the next major rally if buying pressure continues to build above $115K.

BTC Bulls Defend Key Support While Momentum Cools

Bitcoin is currently trading around $114,360, consolidating after a brief rally that tested resistance near $115,800–$117,500. The chart shows that BTC successfully reclaimed the 200-period moving average (red line) on the 4-hour timeframe, a level that had acted as resistance throughout mid-October. This reclaim is an encouraging short-term signal, but momentum appears to be slowing as traders await the next catalyst.

The $113,000–$114,000 range now serves as immediate support — aligning with the Short-Term Holder (STH) Realized Price, a key on-chain level that reflects the cost basis of recent buyers. Holding this zone could allow bulls to consolidate strength before another attempt at breaking above $117,500, the main horizontal resistance that capped previous rallies.

On the downside, failure to maintain above the 200-MA could trigger a retest of $111,000, where the 100-MA (green line) provides secondary support. Trading volume remains subdued, reflecting investor caution ahead of the Federal Reserve’s interest rate decision later this week.

Bitcoin remains in a constructive phase as long as it holds above $113K. Sustained consolidation above this level would reinforce bullish structure — while a decisive break above $117,500 could open the path toward $120,000+ in the short term.

Featured image from ChatGPT, chart from TradingView.com

Donald Trump’s media company is pushing deeper into the crypto frontier with the launch of Truth Predict, a blockchain-based betting and forecasting platform that will allow users to wager on the outcomes of political, economic and sporting events.

ICYMI:

The new product, developed in partnership with an affiliate of Crypto.com Derivatives North America, positions Trump Media & Technology Group (TMTG) to compete directly with fast-growing rivals Polymarket and Kalshi, both valued in the billions amid surging interest in crypto prediction tools.

Truth Predict users will be able to post and trade contracts framed as yes-or-no questions, such as:

• "Will the Fed cut rates again before year-end?” to “Will Barcelona win the Champions League?”
• The model mirrors Polymarket’s format, which gained prominence ahead of the 2024 U.S. presidential election as an alternative to traditional polling.

TMTG chief executive Devin Nunes said the platform will “democratize information and empower everyday Americans to harness the wisdom of the crowd,” describing it as an extension of Truth Social’s mission to blend free speech with “actionable foresight.”

The service will launch in beta on Truth Social for U.S. users, with plans to expand globally later.

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Prediction markets, where users bet against one another rather than a bookmaker, have drawn growing institutional attention. The parent of the New York Stock Exchange recently took a stake in Polymarket, underscoring the sector’s evolution from fringe experiment to mainstream financial instrument. This article was written by Eamonn Sheridan at investinglive.com.

Nasdaq-listed OceanPal Inc. has raised $120 million through a private investment in public equity deal to launch SovereignAI, a new subsidiary focused on commercializing the NEAR Protocol and developing AI infrastructure.

According to a Tuesday announcement, SovereignAI will implement a crypto treasury strategy, with plans to acquire up to 10% of the NEAR (NEAR) token supply. The move, developed in partnership with the NEAR Foundation, makes OceanPal a public vehicle for exposure to the crypto protocol’s native token.

OceapPal said the partnership with the NEAR Foundation is based on a shared vision of “universal AI sovereignty.”

Launched in 2020, NEAR is a layer-1 blockchain supporting AI applications, allowing AI agents to interact, manage assets and operate securely across networks, according to the project’s website.

The announcement coincides with a leadership shift at OceanPal, which appointed former State Street executive Sal Ternullo as co-CEO and David Schwed, previously with BNY Mellon, Galaxy and Robinhood, as chief operating officer.

Meanwhile, NEAR Foundation co-founder and CEO Illia Polosukhin will join the SovereignAI advisory board alongside Richard Muirhead of Fabric Ventures and Lukasz Kaiser of OpenAI, among others.

The rise of AI agents in crypto

AI agents — autonomous systems that can perceive, decide and act without human input — are increasingly merging with crypto, using blockchain networks to manage assets, verify actions and operate as self-governing economic participants.

In September, John D’Agostino, the head of institutional strategy at Coinbase, told CNBC’s Squawk Box that cryptocurrency is needed for AI agents to operate effectively in financial markets.

The same month, Cloudflare, a global cloud infrastructure company, announced plans to launch a new stablecoin called NET Dollar to support instant transactions triggered by AI agents.

Recent data from Dune Analytics revealed that Coinbase’s AI-ready payments protocol, launched in May to let autonomous agents send and receive stablecoins online, had seen transaction activity surge over 10,000% in the past month.

Those numbers came after two Coinbase developers said in August that AI agents are “about to become Ethereum’s biggest power users.”

France has taken a bold step that could reshape Europe’s monetary direction. Lawmakers in the National Assembly have adopted a resolution opposing the introduction of the European Central Bank’s (ECB) proposed digital euro while endorsing Bitcoin and the use of euro-denominated stablecoins as alternatives.

The proposal, on October 22, 2025, by Éric Ciotti and members of the Union of the Right for the Republic (UDR), calls on the French government to reject the European Commission’s draft regulation establishing a digital euro.Source:

Instead, it urges support for euro-based stablecoins and greater national investment in crypto-assets.Is France’s Bitcoin Reserve Plan a Defense of Freedom or a Rebellion Against Europe?

The document, titled “Proposal for a European Resolution Calling for Support for the Transformation of the Monetary System,” argues that central bank digital currencies (CBDCs) pose a threat to privacy and economic freedom.

Ciotti described the move as a step toward protecting “fundamental individual rights” and maintaining monetary sovereignty in an increasingly digital economy.

French lawmakers warned that a centrally managed network would allow authorities to track and potentially freeze citizens’ funds.

The explanatory memorandum compared the ECB’s project to China’s digital yuan, suggesting that similar centralized oversight could “pose a major threat to fundamental individual freedoms.”

The ECB is currently in the preparation phase of the digital euro, which began in November 2023 and is expected to conclude by the end of 2025. The currency could enter circulation around 2029, according to ECB Executive Board member Piero Cipollone.

🏛️ A digital euro could launch in 2029, says ECB board member Piero Cipollone, citing growing momentum and progress in member-state talks. — Cryptonews.com (@cryptonews)

Lawmakers also warned that adopting a digital euro could destabilize Europe’s banking system by allowing users to move deposits directly to the ECB, potentially triggering a “bank run” and concentrating financial power within a single institution.

The resolution stated that “such a concentration of power would be harmful to economic freedom” and that it is “not the role of the ECB to act as a commercial bank.”

Instead, the French proposal lays out a sweeping pro-crypto agenda centered on three key areas: creating a national Bitcoin reserve, promoting euro-denominated stablecoins, and supporting domestic crypto industry growth.

Under the plan, France would establish a public administrative body to a strategic Bitcoin reserve equivalent to 2% of the total Bitcoin supply, roughly 420,000 BTC, to be accumulated over seven to eight years.

The initiative aims to create a “national digital gold” reserve to diversify France’s foreign exchange holdings and strengthen financial sovereignty.

Funding would come from surplus energy used for public mining, the retention of Bitcoin seized in legal cases, and the allocation of a portion of savings from Livret A and LDDS schemes toward daily BTC purchases.

The proposal also introduces the possibility of allowing tax payments in Bitcoin, subject to constitutional approval.France Calls on Europe to Break Dependence on U.S. Dollar Stablecoins

Alongside Bitcoin, the motion seeks to advance the use of euro-denominated stablecoins as an alternative to U.S. dollar-backed tokens that dominate global markets.

The document criticizes the ECB’s restrictive stance on euro stablecoins and urges the European Commission to revise the Markets in Crypto-Assets (MiCA) regulation to make it easier for European banks and companies to issue stablecoins.

Citing International Monetary Fund data, the report that 91% of global stablecoin capitalization, around $210 billion out of $230 billion, is denominated in U.S. dollars, primarily through Tether (USDT) and Circle’s USD Coin (USDC). Source:

In contrast, the leading euro stablecoin holds just $259 million in market capitalization. The proposal argues that this imbalance leaves Europe overly dependent on U.S. firms and calls for policies that would allow euro-backed stablecoins to compete globally.

France’s central bank governor, François Villeroy de Galhau, has previously warned that Europe’s hesitation could deepen its reliance on non-European digital currencies.

🏛️ France has urged the European Union to give ESMA direct authority over major cryptocurrency firms operating across the bloc. — Cryptonews.com (@cryptonews)

Speaking at the Paris Fintech Forum earlier this month, he said European banks should focus on developing euro-denominated stablecoins rather than relying solely on dollar-based products.

The UDR’s resolution also proposes easing Basel prudential rules, which currently classify some crypto-backed loans as high-risk with capital requirements of up to 1,250%.

Lawmakers argue this makes such loans unattractive for banks and call for a “targeted deviation” from the Basel standard to encourage crypto-collateralized lending.France Strengthens Its Crypto Framework Ahead of MiCA Implementation in 2026

The proposal arrives at a pivotal time for France’s crypto industry. The country’s financial regulator, the Autorité des Marchés Financiers (AMF), recently authorized BPCE’s subsidiary, Hexarq, to offer crypto custody and trading services, marking another major banking institution entering the market.

France has also approved the Lightning Stock Exchange (Lise), its first fully tokenized equity platform operating under the EU’s Distributed Ledger Technology (DLT) Pilot Regime, showing growing national interest in blockchain-based financial infrastructure.

🚨 France just approved Lise Exchange, a tokenized stock exchange that aims to redefine how IPOs work for SMEs. — Cryptonews.com (@cryptonews)

At the same time, French regulators have been intensifying scrutiny of crypto exchanges.

The prudential supervision authority, ACPR, has conducted anti-money laundering inspections on dozens of firms, including Binance and Coinhouse, as part of preparations for full implementation of the MiCA framework across the European Union by 2026.

Meanwhile, Europe’s crypto market continues to expand rapidly. Chainalysis data France processed $180 billion in crypto transactions between July 2024 and June 2025, placing it among the region’s most active markets, behind Germany and the United Kingdom.

The Norwegian Tax Administration said that more people declared cryptocurrency holdings in 2024 compared to the previous year, following efforts to increase reporting. 

In a Tuesday notice, Norway’s tax authority said more than 73,000 people in the country reported owning some form of cryptocurrency in their 2024 returns. The numbers marked about a 30% increase year-over-year from crypto holdings in 2023, and significantly more than in 2019, when only 6,470 people in the country of 5.5 million people declared having digital assets.

“It is gratifying that more people are reporting that they own cryptocurrency, and in this way ensuring that the tax is correct,” said tax director Nina Schanke Funnemark. “We have taken several measures in recent years to increase this number, and we see that these measures are having an effect.”