Cardano (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) is down 9% on Friday, while XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) performed marginally better with a 7% decline.



<a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48269320/ripple-labs-is-leading-a-1-billion-fundraise-to-establish-xrp-centered-treasury-report">Ripple's billion-dollar digital asset treasury</a> raise may be a factor as wider crypto markets reel from heavy liquidations.



<h3 class="wp-block-heading">ADA Price Crashes Through Support As $0.55 Target Looms</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w-1024x694.jpg" alt="" class="wp-image-1119854" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w-1024x694.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w-300x203.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w-768x520.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w-1536x1040.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095741/photo_6309826490413026506_w.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/ADAUSD/">ADA Price Analysis (Source: TradingView)</a>



ADA fell to $0.61 after failing to defend its $0.74–$0.79 EMA cluster, breaking below the wedge structure that has guided price action through 2025. 



The move marks a major test of the ascending trendline dating back to January.



A daily close below $0.62 would confirm a structural breakdown, exposing targets near $0.55 and $0.50, both prior liquidity zones.&nbsp;



Technical readings show momentum remains under bearish control, with all major EMAs stacked above current price.



The Supertrend line near $0.81 further reinforces resistance.&nbsp;



Bulls would need to reclaim $0.68–$0.70 quickly to shift sentiment, though current bias remains tilted toward further downside into November.



<h3 class="wp-block-heading">XRP Holds The Line At $2.20</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w-1024x694.jpg" alt="" class="wp-image-1119858" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w-1024x694.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w-300x203.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w-768x520.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w-1536x1040.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17095907/photo_6309826490413026507_w.jpg 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/XRPUSD/">XRP Technical Analysis (Source: TradingView)</a>



After slipping to $2.18, XRP rebounded to $2.27, maintaining its long-term ascending trendline.



The pattern remains a symmetrical triangle, with support near $2.20 and resistance capped by a descending trendline from July's $3.20 high.



Decisive break below $2.20 could send XRP toward $2.00, while resistance between $2.64–$2.78—defined by the 50-day and 100-day EMAs, remains a barrier for bulls.



A close above $2.91 would confirm trend reversal and restore upward momentum.



<h3 class="wp-block-heading">Ripple's $1B Crypto Treasury Becomes Lifeline For XRP Investors</h3>



Ripple's new $1 billion digital-asset treasury (DAT) plan has provided a near-term anchor for XRP. 



This initiative mirrors corporate accumulation strategies used by Strategy Inc. and Metaplanet, emphasizing long-term institutional exposure to blockchain assets.



The announcement coincides with heavy market liquidations, totaling nearly $19 billion across crypto this week, led by altcoin losses.&nbsp;



Ripple's effort, combined with its $1 billion acquisition of GTreasury, represents a coordinated push to deepen liquidity and expand XRP's role in institutional payments.



<h3 class="wp-block-heading">Outlook</h3>



The divergence between ADA and XRP highlights a split in market sentiment.&nbsp;



ADA price has entered clear bearish territory after breaching $0.62, while XRP continues to find footing above its structural support at $2.20.



If ADA fails to recover above $0.68, further losses toward $0.55 and $0.50 appear likely.&nbsp;



For XRP, sustained stability above $2.20 could allow consolidation, with the next bullish confirmation requiring a breakout over $2.78–$2.91.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48271751/how-to-earn-500-a-month-from-steel-dynamics-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Steel Dynamics Stock Ahead Of Q3 Earnings</a></li>
</ul>



Image: Shutterstock

Cardano, XRP Down 9% 'Black Friday' But Ripple's $1B XRP Treasury Plans Give Bulls Hope

Bitfarms Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/BITF">BITF</a>) shares extended their decline Friday after the company<a href="https://www.benzinga.com/pressreleases/25/10/g48267187/bitfarms-announces-pricing-of-upsized-us-500-million-of-convertible-senior-notes"> boosted its convertible notes </a>offering to $500 million, expanding a deal announced a day earlier that had already pressured the stock. 



The move underscores investor interest in the company's debt despite recent turbulence in the Bitcoin mining sector.



 • BITF is having a challenging session. <a href="https://www.benzinga.com/quote/BITF" target="_blank" rel="noreferrer noopener">Get the complete analysis here.</a>



The new issue consists of $500 million in 1.375% convertible senior notes due 2031, with an option for initial buyers to purchase up to an additional $88 million, bringing the potential total to $588 million. The transaction is expected to close around Oct. 21, subject to standard approvals.



The notes carry an annual interest rate of 1.375%, payable semiannually starting in July 2026, and mature on Jan. 15, 2031. Holders can convert the notes into Bitfarms stock at a rate of roughly 145.69 shares per $1,000 of principal, equal to a conversion price of about $6.86 per share — representing a 30% premium to Thursday's Nasdaq close of $5.28.



Also Read: <a href="https://www.benzinga.com/etfs/sector-etfs/25/10/48227893/bitfarms-300m-ai-pivot-sparks-etf-rethink-can-blockchain-funds-handle-the-ai-boom">Bitfarms&#8217; $300M AI Pivot Sparks ETF Rethink: Can Blockchain Funds Handle The AI Boom?</a>



Proceeds from the offering will fund general corporate purposes and the purchase of capped call transactions aimed at limiting potential dilution. Those capped calls are initially set at $11.88 per share, or 125% above the stock's last closing price.



The company said banks and financial institutions facilitating the capped calls may engage in hedging or derivative transactions involving Bitfarms shares, which could add to near-term volatility.



Shares have come under sustained pressure this week as investors weigh the impact of the <a href="https://www.benzinga.com/trading-ideas/movers/25/10/48254154/bitfarms-bitf-stock-is-sliding-thursday-whats-going-on">capital raise</a> on existing equity holders. Bitfarms, which operates energy-efficient data centers across North America, continues to expand its infrastructure for high-performance computing and Bitcoin mining.



The stock has a 52-week high of $6.60 and a low of 67 cents. It remains up about 231% year-to-date and trades roughly 118% above its 50-day simple moving average, reflecting strong momentum in tandem with Bitcoin's rebound this year.



BITF Price Action: Bitfarms shares are trading 6.63% lower at $4.93 at publication on Friday.



Read Next: 



 • <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48271640/bitcoin-plummets-5-ethereum-xrp-dogecoin-tumble-over-6-as-crypto-liquidations-top-1-billion">Bitcoin Plummets 5%, Ethereum, XRP, Dogecoin Tumble Over 6% As Crypto Liquidations Top $1 Billion</a>



Photo: Shutterstock

Bitfarms Stock Falls As Convertible Notes Swell To $500 Million

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is in a reset phase, with the largest crypto liquidation event in years and weakening ETF inflows prompting bearish <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48235901/bitcoin-struggles-at-111000-as-ethereum-xrp-dogecoin-sentiment-dips-to-fear">sentiment among investors</a>.



What Happened: Bitcoin hit a new all-time high above $126,000 in early October before reversing sharply due to escalating U.S.–China tariff concerns, causing a historic $19 billion futures deleveraging, one of the largest in crypto history. 



Glassnode data <a href="https://insights.glassnode.com/the-week-onchain-week-41-2025/">shows</a> the reset is characterized by reset leverage, cautious sentiment, and reliance on renewed demand for recovery:



ETF &amp; Market Dynamics:



<ul class="wp-block-list">
<li>SoSoValue data <a href="https://sosovalue.xyz/zh/assets/etf">shows</a> U.S. spot Bitcoin ETFs recording $536.4 million in net outflows on Thursday. Ark &amp; 21Shares led with a $275.15 million outflow, followed by Fidelity.</li>



<li>Spot markets saw high volumes: Binance dominated by selling, while Coinbase showed net buying, suggesting institutional absorption.</li>



<li>ETF inflows weakened, turning slightly negative (–2.3K BTC this week), signaling demand fragility without panic.</li>
</ul>



On-Chain Insights:



<ul class="wp-block-list">
<li>BTC retraced below the $117,000–$114,000 supply cluster, where top holders are now at a loss.</li>



<li>Price currently sits in the 0.85–0.95 quantile range ($108,400–$117,100); failure to hold above $108,000 could indicate deeper structural weakness.</li>



<li>Long-term holders continue distributing (~0.3 million BTC sold since July 2025), adding sell-side pressure and constraining upside momentum.</li>
</ul>



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48260220/this-bitcoin-bear-market-will-be-brutal-peter-schiff-claims-as-gold-hits-4290">&#8216;This Bitcoin Bear Market Will Be Brutal&#8217;, Peter Schiff Claims As Gold Hits $4,290</a>



Futures &amp; Options Market:



<ul class="wp-block-list">
<li>Futures open interest has collapsed by over $10 billion, a deleveraging event comparable to May 2021 and the FTX crash in 2022.</li>



<li>Open interest has rebuilt rapidly to near all-time highs, reflecting quick repositioning.</li>



<li>Technical indicators show heavy demand for short-term downside protection, while long-dated options remain relatively stable.</li>
</ul>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48271640/bitcoin-plummets-5-ethereum-xrp-dogecoin-tumble-over-6-as-crypto-liquidations-top-1-billion">Bitcoin Plummets 5%, Ethereum, XRP, Dogecoin Tumble Over 6% As Crypto Liquidations Top $1 Billion</a></li>
</ul>



Image: Shutterstock

Bitcoin Plunges To $105,000: Is This A Black Friday In The Making?

I've looked into the financial markets for over two decades, from the dot-com bubble to the global financial crisis, from the rise of passive ETFs to the wild west of crypto winters. But nothing in my career has felt quite as structurally precarious as the current collapse of the digital asset treasury company (DATC) model. It's not just a market correction. It's the implosion of a financial illusion built on leverage, narrative, and a dangerous assumption that arbitrage would hold forever. Today, the numbers speak for themselves: market-to-Net Asset Value (mNAV) ratios, the very heartbeat of these firms, are collapsing. Strategy, once the gold standard, now trades near an mNAV of 1.5. That might sound healthy until you realize it's a steep discount from the 3x, 4x, even 5x premiums it once commanded. Worse, companies like Bitmine Immersion and SharpLink have already dipped below 1.0, meaning their stock prices are now less than the value of the Bitcoin or Ethereum they claim to hold. In plain terms, you could buy their shares, liquidate the company, and walk away with more crypto than the market is currently pricing in. That's not a bargain, it's a red flag waving violently in a hurricane.



Why is this happening? Because the model is breaking. Not bending. Breaking. And the cracks are spreading fast.



At the core of the rot is nonstop dilution. These companies rely heavily on At-The-Market (ATM) equity programs to raise capital. The idea was elegant in theory: when the stock trades above NAV, issue new shares, use the proceeds to buy more BTC or ETH, and watch the cycle compound. But in practice, it's a self-cannibalizing machine. Every time they flood the market with new shares, Forward Industries, for instance, has an ATM program sized at $4 billion, the share price gets hammered by supply overload. This happens even as their crypto holdings grow. The result? A paradoxical situation where the company's balance sheet strengthens while its equity valuation weakens. Retail investors, who bought in expecting to ride the coattails of Bitcoin's rallies, are instead watching their holdings lag, or worse, decline, while BTC soars. Confidence evaporates. They exit. And that retail selling, combined with relentless dilution, creates a textbook death spiral: more shares issued, lower price per share, wider mNAV discount, more retail panic, even more pressure to raise capital via dilution. The gap between asset value and market perception doesn't just widen; it yawns open like a fault line.



So what can these firms do? The options are grim, and none are sustainable without fundamental change.



One path is issuing high-yield preferred shares. On the surface, it sounds attractive: offer 8%, 10%, even 12% to lure yield-hungry investors back. But let's be brutally honest, how does a company with no real revenue, no operating profits, and a stated mission to hold crypto forever generate the cash to pay that yield? The only liquid asset they have is the very Bitcoin or Ethereum they swore never to sell. To pay a dividend would be to betray their core thesis and signal desperation. It's a non-starter.



Another idea is share buybacks. In normal markets, buybacks are a powerful tool to support valuation and signal confidence. But these companies don't have cash reserves. They survive on new issuance. Their entire financial engine runs on selling equity to buy crypto. Where would the money for buybacks come from? It's like trying to fill a bucket with a hole in the bottom using water from the same bucket. The math simply doesn't work.



That leaves the nuclear option: direct redemptions. Allow shareholders to exchange their stock for the underlying BTC or ETH at NAV. This would instantly restore mNAV parity. No more discount. No more illusion. But this move would effectively transform these entities into exchange-traded funds. And that's a regulatory line they cannot cross. The SEC has spent years carefully approving spot Bitcoin and Ethereum ETFs under strict custody, transparency, and investor protection rules. A backdoor redemption mechanism would trigger immediate regulatory intervention, likely a halt in trading, enforcement actions, or forced restructuring. The moment they offer redemptions, they're no longer a strategic treasury; they're an unregistered investment company. The legal risk is existential.



This entire house of cards was built on a playbook pioneered by Michael Saylor's Strategy, which raised $27 billion to accumulate Bitcoin. The market rewarded it with massive premiums because it was first, credible, and operated with a degree of transparency. But imitation is not innovation. Companies like Metaplanet in Japan tried to copy the model, and dozens more rushed in, believing the premium was a permanent feature, not a temporary anomaly of early-mover advantage and market euphoria. Now, as the arbitrage breaks, when the stock no longer reliably tracks or outperforms the underlying asset, the cycle ends. These firms weren't Bitcoin treasuries. They were volatility wrappers. And every wrapper, no matter how shiny, eventually unwinds.



But the deeper, more troubling truth is how these companies are born and funded. This isn't public finance as we know it. It's a shadow system of corporate alchemy.



The creation process bypasses traditional IPO safeguards entirely. There are three dominant playbooks, all designed for speed and opacity. The first is the reverse merger: find a dying public shell, no revenue, few shareholders, trading on fumes, take control, rebrand, and emerge as a digital asset treasury. TRON did this with SRM Entertainment. Janover became DeFi Development Corp. overnight. The second is the SPAC route: merge with a special purpose acquisition company that's already public, clean, and hungry for a deal. The third is the silent takeover: quietly buy 51% of a microcap stock from insiders or on the open market, stage a board coup, and pivot the company's entire identity without a formal merger filing. Over 30 companies in 2025 alone have used one of these three models. The infrastructure is now industrialized. You don't need a product, a team, or a track record. You just need legal control of a broken ticker and a compelling crypto narrative.



Funding follows the same pattern of opacity. These aren't startups raising from VCs based on technology or traction. They're capital markets machines built to convert stock price hype into crypto holdings. They use three high-speed mechanisms. First, PIPEs, Private Investment in Public Equity deals, where institutional insiders buy large blocks of stock at a steep discount, behind closed doors. TRON raised $100 million this way. Strive Asset Management pulled in $750 million. Forward Industries secured $1.65 billion for Solana plays alone. These aren't seed rounds, they're pre-arranged liquidity events for insiders.



Second, convertible notes: debt instruments that convert into equity if the stock price rises. GameStop raised $2.7 billion this way to buy Bitcoin. Nano Labs prepped $500 million for BNB. It's debt disguised as equity, a ticking time bomb of future dilution that explodes the moment the stock rallies.



Third, ATM programs, which we've already discussed. The reflexive loop is clear: hype the narrative, stock trades above NAV, sell shares, buy crypto, re-hype, repeat. It's a closed loop that works beautifully, until it doesn't. And when it breaks, retail investors are left holding the bag.



This brings us to the most corrosive element of all: insider trading isn't an exception in this space, it's the operating model. Information leaks at every stage. Legal firms drafting merger documents. Exchanges prepping wallet integrations. Advisors whispering to favored funds. But the most egregious leaks happen during roadshows, the private investor meetings that precede public announcements. SharpLink's stock was flat until day two of its roadshow. Then, it spiked 1,000% before the deal even closed. That's not organic market discovery. That's privileged information being weaponized. Insiders get in early, often for pennies, then dump on retail once the hype hits social media. This is the new digital IPO: no lockups, minimal disclosure, zero accountability.



I have seen cycles come and go, I'm deeply skeptical that this model survives another bull run. The structural flaws are too severe, the incentives too misaligned, the regulatory risks too high. The mNAV collapse is the market's verdict: these wrappers add cost, risk, and opacity without delivering the promised premium. If mNAV stays below 1, the illusion is over. There's no magic. No alchemy. Just underperforming shells trading at a discount to the very assets they're supposed to represent.



To founders, traders, and investors: if you're not asking who minted the company, who funded it in private, and who front-ran the announcement, you're not an investor, you're exit liquidity. And in this game, the house always wins. Until it doesn't.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

The Treasury Trap: How Crypto-Backed Stocks Are Trading Below Their Own Assets

For years, crypto sought validation from the financial establishment. Now, one of TradFi's most iconic institutions is inching onto its turf. Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/NDAQ">NDAQ</a>) has <a href="https://www.nasdaq.com/newsroom/qa-nasdaqs-new-proposal-tokenized-securities" rel="nofollow">asked the SEC</a> for permission to list tokenized shares – digital replicas of ordinary equities recorded on a blockchain. Each token would be backed one-for-one by a traditional share, carrying the same rights to dividends and ownership. The difference lies in the wrapper: a programmable asset that, in theory, can trade around the clock, settle instantly and move across borders without the usual chain of intermediaries.



Opinion is divided. Supporters hail it as the clearest sign yet that blockchain infrastructure is maturing. Critics see a glossy solution in search of a problem. America's equity markets already <a href="https://www.nasdaqtrader.com/Trader.aspx?id=DailyMarketSummary" rel="nofollow">clear trades in two days</a> and offer ample liquidity. Yet symbolism matters. For Nasdaq, which white-labels its trading tech and rents it to crypto platforms (while keeping its main exchange firmly traditional), the move marks a shift from arm's-length experimentation to direct participation. 



It comes as the agency&#8217;s new overseers <a href="https://www.sec.gov/newsroom/speeches-statements/atkins-keynote-address-inaugural-oecd-roundtable-global-financial-markets-091025" rel="nofollow">soften their tone</a>. Gary Gensler, the SEC's past chairman, was notoriously hostile toward crypto trading venues, but even he conceded that distributed-ledger technology might have a role in traditional finance, provided it stays tightly controlled. Nasdaq's proposal, with its insistence on regulated custody and a permissioned network, is designed to slot neatly into those constraints.



<h2 class="wp-block-heading">Mainstreaming the chain</h2>



Institutional momentum plays a part. The digital-assets market is recovering from its 2022 implosion, with the success of spot bitcoin exchange-traded funds and pilot tokenization schemes by BlackRock and JPMorgan signalling a new phase of experimentation. Nasdaq seems determined not to miss this shift, remembering that legacy exchanges once hesitated over electronic trading only to find themselves playing catch-up.



The arguments for tokenization of real-world assets (RWA) are <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44902294/rwa-tokenization-could-be-cryptos-killer-app-is-there-a-place-for-it-in-your-portfolio" rel="nofollow">well understood</a>: cut out settlement delays, enable fractional share ownership, and reduce the friction of cross-border trading. In practice, a lot depends on trust in the underlying plumbing: the smart contracts, custodians and networks that would support the tokens. 



Tokenized assets may be modern in form but still need traditional gatekeepers. That tension between the crypto ideal of decentralization and Wall Street's preference for control, sits at the heart of the project. DeFi purists will see little to celebrate in a system that keeps the old intermediaries in place, only with blockchain as a new coat of paint.



<h2 class="wp-block-heading">A controlled revolution</h2>



Nasdaq isn't alone. Switzerland's SIX Digital Exchange, Germany's Deutsche Börse and the London Stock Exchange Group are all testing tokenized platforms. Singapore's Project Guardian brings central bankers and asset managers together to experiment with tokenised bonds and funds. Yet none carry the same symbolic weight. If Nasdaq, a byword for mainstream finance, persuades the SEC that on-chain equities can sit comfortably within existing rules, it will signal that tokenization <a href="https://x.com/TheRealTRTalks/status/1974133944162390370?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1974133944162390370%7Ctwgr%5E8561fbd3756337b4455e3ba2839a32f61c161138%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fwww.techopedia.com%2Fnasdaq-tokenized-stocks-future" rel="nofollow">has graduated</a> from laboratory experiment to regulatory reality.



Marc Baumann, CEO of 51 Group, <a href="https://www.51insights.xyz/p/144-nasdaq-tokenizes-stocks" target="_blank" rel="noreferrer noopener nofollow">calls Nasdaq's filing</a> "the start of a once-in-a-generation overhaul of capital markets." 



A start, but not a revolution. Many of tokenization's promised efficiencies could be achieved with existing systems. The real impact may be psychological. Once a blue-chip American stock exists as a token under SEC oversight, the line between "digital assets" and everything else becomes harder to draw.&nbsp;



For all the techno-utopian rhetoric, this is less a leap into a decentralized future than a controlled evolution – Wall Street appropriating the voice of its would-be disruptors while keeping a firm grip on the rails.



If the SEC gives its blessing, the move won't remould markets overnight. But it would mark a turning point: the moment blockchain stopped knocking on TradFi's door and was invited in – if only into the lobby.



Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

Nasdaq's Token Gamble

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell below $104,000 on Friday before president Donald Trump said high tariffs on China "will not stand," easing trade tensions but doing little to stop <a href="https://www.benzinga.com/money/bitcoin-price-prediction-oct-14">the market's decline</a>.



<h3 class="wp-block-heading">Trump's Tariff Comments Fail To Rescue Bitcoin Price</h3>



Bitcoin stayed under pressure even after U.S. President Donald Trump <a href="https://x.com/DeItaone/status/1977485127715528774?utm_source=chatgpt.com">said</a> he believes the U.S. will "be fine with China" and answered "no" when asked if high tariffs would stand.&nbsp;



The remarks briefly eased concerns over renewed trade tensions but had little effect on market sentiment.



Traders said the reaction reflected persistent caution across risk assets, with crypto markets still weighed down by tightening liquidity and weak inflows.&nbsp;



The comments did not trigger a sustained rebound in Bitcoin trading volumes or price action.



<h3 class="wp-block-heading">Bitcoin Outflows Top $1.6 Billion As Liquidity Dries Up</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="253" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1024x253.png" alt="" class="wp-image-1119665" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1024x253.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-300x74.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-768x189.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1536x379.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/BTC/spot">BTC Netflows (Source: Coinglass)</a>



Data from Coinglass shows that Bitcoin recorded more than $1.66 billion in cumulative outflows over the past five sessions, including $365 million on Oct. 17 alone. 



The consistent withdrawals highlight continued portfolio de-risking by both institutional and retail participants.



The selling pressure has drained short-term liquidity, making the market more vulnerable to price swings.&nbsp;



Stabilization in exchange flows will be critical for any meaningful recovery attempt in the near term.



<h3 class="wp-block-heading">Bitcoin Chart Breakdown Raises Alarms On $100,000 Test</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1024x694.png" alt="" class="wp-image-1119664" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1024x694.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-300x203.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-768x520.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461-1536x1040.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17083158/image-461.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/BTCUSD/">BTC Price Prediction (Source: TradingView)</a>



Technical analysis: Bitcoin's daily chart confirms a breakdown below $108,000, where the 200-day exponential moving average (EMA) had previously acted as strong support.&nbsp;



The breach shifts focus toward $103,500 as the next short-term demand zone, while $100,000 remains the main psychological and structural support level.



<h3 class="wp-block-heading">Momentum readings also show continued weakness.&nbsp;</h3>



The RSI has dropped to 34, near oversold territory, while major moving averages have turned lower in alignment with the bearish trend.



Unless inflows stabilize, the next pivot could form closer to $100,000, with a deeper extension exposing $92,000 as the next major support area.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/10/48271751/how-to-earn-500-a-month-from-steel-dynamics-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Steel Dynamics Stock Ahead Of Q3 Earnings</a></li>
</ul>



Image: Shutterstock

Trump Says China Tariffs 'Won't Stand' — But Bitcoin Crashes 5% Anyway

Renowned investor and "Shark Tank" personality&nbsp;Kevin O'Leary raised an alarm Thursday about Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) network congestion and fee spike over the weekend.



<h2 class="wp-block-heading">Ethereum&#8217;s &#8216;Cracks Are Showing&#8217;</h2>



In an X post, O&#8217;Leary highlighted that Ethereum became severely congested, causing even small transactions to cost upwards of $1,000. He likened this to&nbsp;&#8220;paying a thousand-dollar toll to&nbsp;drive on a one-lane highway.&#8221;



O'Leary, also known as "Mr Wonderful," added that innovation isn&#8217;t&nbsp;just about hype,&nbsp;but&nbsp;about building infrastructure that can&nbsp;handle scale.



&#8220;For over a decade, we've talked about going on-chain, and now with real-world adoption finally happening, the cracks are showing,&#8221; he rued



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the weekend I witnessed something every crypto investor should pay attention to. Ethereum, the largest blockchain in the world, got congested and fees skyrocketed past $1,000 just to process small transactions. That's like paying a thousand-dollar toll to drive on a one-lane… <a href="https://t.co/m9o1sRUQE0">pic.twitter.com/m9o1sRUQE0</a>&mdash; Kevin O&#39;Leary aka Mr. Wonderful (@kevinolearytv) <a href="https://twitter.com/kevinolearytv/status/1978897749719265632?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">Ethereum (ETH) Price Prediction: 2025, 2026, 2030</a>



<h2 class="wp-block-heading">Transaction Fees Soar To Nine-Month Highs</h2>



Indeed, Ethereum&#8217;s <a href="https://www.benzinga.com/money/ethereum-gas-fees#:~:text=How%20much%20is%201%20gas%20in%20ETH%3F&amp;text=The%20current%20price%20of%201,GAS)%20is%20around%200.00008143%20ETH.">average daily gas price</a> reached a nine-month high last Friday, according to data from Etherscan, amid broader market sell-offs



Gas price is the price per unit of computation a user is willing to pay for a transaction on Ethereum. During high traffic, it surges as users try to jump the queue and have their transactions prioritized.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17020537/image-445-1024x575.png" alt="" class="wp-image-1119069" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17020537/image-445-1024x575.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17020537/image-445-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17020537/image-445-768x431.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17020537/image-445.png 1241w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: Etherscan</figcaption></figure>



<h2 class="wp-block-heading">O&#8217;Leary&#8217;s Bet On BTC, ETH</h2>



O&#8217;Leary has been known for his long-standing belief in the potential of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum. He said last month that the two assets <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47736001/mr-wonderful-kevin-oleary-says-bitcoin-ethereum-enough-to-capture-the-promise-of-crypto-advises-against-irrelevant-tokens">alone could capture more than 90% of the cryptocurrency market&#8217;s volatility and yield</a> and that one shouldn&#8217;t chase other tokens.



Previously, he stated that the younger generation, specifically the GenZs,&nbsp;<a href="https://www.benzinga.com/crypto/25/08/47406495/kevin-oleary-says-gen-zs-invest-in-bitcoin-ethereum-alongside-stocks-a-chance-he-never-had-early-in-his-investment-journey" target="_blank" rel="noreferrer noopener">are investing in Bitcoin and Ethereum alongside traditional stocks</a>, a chance he did not get early in his investment journey.



Price Action: At the time of writing, BTC was exchanging hands at $108,289.67, down 2.45% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. ETH traded down 3% at $3,896 at last check.



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/personal-finance/management/25/09/47808466/if-you-dont-have-money-you-dont-have-a-marriage-says-kevin-oleary-most-marriages-can-survive-infidelity-but-not-financial-stress">&#8216;If You Don&#8217;t Have Money, You Don&#8217;t Have A Marriage,&#8217; Says Kevin O&#8217;Leary. Most Marriages Can Survive Infidelity, But Not Financial Stress?</a></li>
</ul>



Photo courtesy: Zakharchuk/Shutterstock

'Mr. Wonderful' Kevin O'Leary Warns Crypto Investors About Ethereum's Scalability Issues After Transaction Fees Spike To Nine-Month Highs

Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) is down 7% on Friday to $0.000009687, extending a monthly slide of more than 26%. 



Technical indicators now warn the memecoin could suffer another 30% collapse unless bulls stage a rebound within days.



<h3 class="wp-block-heading">Shiba Inu Breaks Multi-Month Support</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="694" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1024x694.png" alt="" class="wp-image-1119514" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1024x694.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-300x203.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-768x520.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1536x1040.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://in.tradingview.com/symbols/SHIBUSD/">SHIB Price Analysis (Source: TradingView)</a>



Shiba Inu's price has fallen below the critical $0.0000098–$0.0000100 support zone, a key level that held firm for much of 2025.&nbsp;



The breakdown confirms renewed downside momentum, leaving bulls on the defensive after repeated failed attempts to reclaim higher ground.



The daily chart shows a decisive slide beneath the multi-month floor, with a descending trendline from April's $0.000018 peak acting as persistent resistance.&nbsp;



All major EMA's remain stacked above the current price, underscoring bearish structure across timeframes.



The 20-day EMA sits at $0.0000112, the 50-day at $0.0000119, the 100-day at $0.0000124, and the 200-day EMA at $0.0000132.&nbsp;



Unless SHIB reclaims $0.0000105 soon, momentum points toward further weakness and a possible retest of the $0.0000068–$0.0000070 area.



<h3 class="wp-block-heading">Shiba Inu Outflows Spike, Investor Confidence Hits Alarming Lows</h3>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="249" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1024x249.png" alt="" class="wp-image-1119513" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1024x249.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-300x73.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-768x187.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458-1536x374.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17071516/image-458.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<a href="https://www.coinglass.com/currencies/SHIB/spot">SHIB Netflows (Source: Coinglass)</a>



Exchange data from Coinglass shows that Shiba Inu recorded $3.1 million in net outflows on Thursday, extending a week-long stretch of withdrawals.&nbsp;



The absence of significant inflows signals limited market demand and heightened risk of continued sell pressure.



SHIB's 24-hour decline of 7.5% adds to losses of 20.8% over the week and 26% over the past month, marking one of the weakest performances among major cryptocurrencies.&nbsp;



The drop highlights growing investor caution across memecoin sectors as liquidity tightens.



<h3 class="wp-block-heading">Shibarium Utility Fails To Lift SHIB As 589 Trillion Supply</h3>



While Shibarium, Shiba Inu's layer-2 network, has added some transactional utility, adoption remains insufficient to offset the token's vast circulating supply of 589 trillion coins. 



The limited burn impact and slow ecosystem traction continue to restrict upside potential.



In comparison, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) continues to hold stronger community-driven momentum



Unless buyers step in near $0.0000090, the technical setup points toward a continued slide to $0.0000068.&nbsp;



Resistance remains overhead at $0.0000105, followed by $0.0000119 and $0.0000132.&nbsp;



Market observers say only a sustained close above the 50-day EMA would signal the start of a meaningful recovery phase.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48269320/ripple-labs-is-leading-a-1-billion-fundraise-to-establish-xrp-centered-treasury-report">Ripple Labs Is Leading A $1 Billion Fundraise To Establish XRP-Centered Treasury: Report</a></li>
</ul>



Image: Shutterstock

Shiba Inu Crashes 7% — And Charts Signal Another 30% Collapse Could Follow

Bitcoin traded as low as $103,856 on Friday morning, with liquidations surging to $1.19 billion over the past 24 hours.



Spot BTC ETFs saw net outflows of $536.4 million on Thursday as ETH ETFs saw $56.9 million in net outflows.



Trader Notes:



Ted Pillows <a href="https://x.com/TedPillows/status/1979127232627875892">highlights</a> that Bitcoin has solid buy orders between $100,000 and $104,000 on Binance. He expects bulls to defend this zone, and a retest could fill last week's wick, potentially creating a strong base for the next upward move.



StrongHedge <a href="https://x.com/StrongHedge/status/1979126269502423182">points</a> out that while current conditions differ from previous cycles, Bitcoin could follow a similar trajectory into Q1. 



A gold top would add confluence to this scenario, but gold can remain elevated longer than anticipated. 



They caution that if BTC falls back to the $70,000–$80,000 range, it could indicate a multi-year market downturn.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Bitcoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>$105,971</td></tr><tr><td>Ethereum</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>$3,779</td></tr><tr><td>Solana</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>$181.16</td></tr><tr><td>XRP</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>$2.28</td></tr></tbody></table></figure>



The meme coin market cap fell 9.8% in the past 24 hours to $57.6 billion, according to CoinGecko. Solana-based meme coins led the losses with an 11.3% drop, followed by frog-themed and cat-themed coins, each down 10.7%.



Analyst Altcoin Gordon <a href="https://x.com/AltcoinGordon/status/1979076158332280910">says</a> that buying Dogecoin under $0.20 is a highly attractive, low-risk opportunity. He expects it to rally strongly once the broader market turns bullish, suggesting that missing this setup could be a costly error.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td>Cryptocurrency</td><td>Ticker</td><td>Price</td></tr><tr><td>Dogecoin</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>$0.1793</td></tr><tr><td>Shiba Inu</td><td>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>$0.059539</td></tr></tbody></table></figure>



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48260220/this-bitcoin-bear-market-will-be-brutal-peter-schiff-claims-as-gold-hits-4290">&#8216;This Bitcoin Bear Market Will Be Brutal&#8217;, Peter Schiff Claims As Gold Hits $4,290</a></li>
</ul>



Image: Shutterstock

Bitcoin Plummets 5%, Ethereum, XRP, Dogecoin Tumble Over 6% As Crypto Liquidations Top $1 Billion

Anthony Scaramucci, founder and CEO of SkyBridge Capital, recalled in a podcast aired Thursday his unwavering belief in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and its potential, even at the expense of his business.



<h2 class="wp-block-heading">Scaramucci Remembers Struggles</h2>



During a conversation with popular television personality Eric Bolling, Scaramucci reflected on the <a href="https://www.benzinga.com/money/will-crypto-winter-hurt-my-ira">2022 cryptocurrency winter</a>, when Bitcoin&#8217;s value plummeted from $69,000 to $16,000, causing a big dent in the fortunes of his New York-based asset management firm.



&#8220;A lot of clients fired me. And the New York Post put this rendition of me. I look like Tyrion Lannister sinking in the SS Mooch. You could see it there. And I&#8217;m sinking in the boat, going down. And people were writing my financial obituary,&#8221; Scaramucci said, <a href="https://nypost.com/2022/07/20/anthony-scaramucci-doubles-down-on-crypto-as-clients-eye-the-exits/">referring </a>to a New York Post report.



The SkyBridge fund, which had more than 20% in cryptocurrency-related investments, <a href="https://www.benzinga.com/25/04/44705594/anthony-scaramucci-reminisces-bitcoin-conviction-amidst-market-slump">was hit by surging withdrawals</a> during this time.



Despite the challenges, Scaramucci remained committed to Bitcoin, telling his wife, &#8220;I&#8217;m right about this, and if I have to shut down the business over it, I&#8217;m willing to do that.&#8221;



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="NO POLITICS! Just Grit, Resilience &amp; an Unwavering Desire to WIN: Anthony Scaramucci Joins The Edge" width="500" height="281" src="https://www.youtube.com/embed/nMRKDLnvlwM?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Scaramucci compared the initial hiccups faced by Bitcoin to those of ride-sharing company Uber, emphasizing that &#8220;great&#8221; technology eventually finds a way to prevail.



See Also:&nbsp;<a href="https://www.benzinga.com/money/bitcoin-price-prediction-oct-14">Bitcoin (BTC) Price Predictions: 2025, 2026, 2030</a>



<h2 class="wp-block-heading">From Skeptic To Believer</h2>



Scaramucci previously admitted to <a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47518844/anthony-scaramucci-admits-he-failed-to-understand-bitcoin-for-8-years-before-finally-becoming-a-believer-i-was-very-negative">not understanding Bitcoin for eight years</a> before finally becoming a believer. He attributed his shift in perspective to diligent research and understanding.



Today, his conviction is so strong that he&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41643366/missed-jumping-on-the-bitcoin-bandwagon-anthony-scaramucci-says-its-not-too-late-to-climb-" target="_blank" rel="noreferrer noopener">authored a book&nbsp;</a>called&nbsp;&#8220;The Little Book of Bitcoin,&#8221;&nbsp;aimed at helping readers grasp the financial significance of digital assets. 



Scaramucci&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/04/45093574/anthony-scaramucci-wasnt-keen-on-bitcoin-initially-but-the-eureka-moment-came-during-his-short-white-house-tenure-under-trump" target="_blank" rel="noreferrer noopener">revealed previously</a>&nbsp;that 70% of his wealth is tied up in the leading cryptocurrency.



Price Action: At the time of writing, BTC was exchanging hands at $104,774.48, down 5.81% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48267611/bitcoin-will-outperform-gold-after-jumping-14x-predicts-mexicos-3rd-richest-person-bookmark-this-post">Bitcoin Will Outperform Gold After Jumping 14x, Predicts Mexico&#8217;s 3rd Richest Person: &#8216;Bookmark This Post&#8217;</a></li>
</ul>



Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Image via Shutterstock<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Anthony Scaramucci Was 'Willing' To Risk His Business For Bitcoin During The 2022 Crypto Winter

Blockchain company Ripple Labs is spearheading an initiative to raise at least $1 billion to create an XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)-focused cryptocurrency treasury, according to a report published on Thursday.



<h2 class="wp-block-heading">A Dedicated XRP Treasury Company In The Offing?</h2>



The funds will be raised through a special purpose acquisition company, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-17/ripple-labs-said-to-lead-1-billion-fundraise-for-xrp-hoard">reported</a>, citing sources familiar with the matter.



The raised funds will be shifted to a newly established digital-asset treasury. Ripple Labs will also&nbsp;contribute some of its own&nbsp;XRP to the treasury, the report said.



Ripple didn&#8217;t immediately return <a href="https://www.benzinga.com/">Benzinga</a>&#8216;s request for comment.



See Also:&nbsp;<a href="https://www.benzinga.com/money/ripple-xrp-price-prediction">Ripple (XRP) Price Prediction: 2025, 2026, 2030</a>



<h2 class="wp-block-heading">The Race For XRP Treasuries Is Heating Up</h2>



This is not the first time corporations have considered hoarding the $134 billion asset for their reserves. 



In June, Singapore-based Trident Digital Tech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/TDTH">TDTH</a>) announced plans <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45911878/xrp-down-2-but-singapore-firm-announces-500-million-xrp-treasury-plan">to invest up to $500 million for an XRP treasury</a>.



Similarly, Nature&#8217;s Miracle Holding Inc.&nbsp;(OTCQB:<a class="ticker" href="https://www.benzinga.com/quote/NMHI">NMHI</a>), a publicly listed vertical farming technology firm, announced plans in July to <a href="https://www.benzinga.com/news/25/07/46581609/xrp-gets-its-own-treasury-company-look-whos-building-a-20-million-xrp-reserve">invest up to $20 million for an XRP treasury</a> program.



This fundraising report coincides with the company&#8217;s $1 billion acquisition of GTreasury, a Chicago-based fintech firm specializing in providing treasury management solutions.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today, Ripple is breaking into the $120T corporate treasury payments market with the $1B acquisition of GTreasury. The past few years have reminded this industry why payments, first and foremost, is THE primary use case for crypto and blockchain. Payments are where Ripple first…&mdash; Brad Garlinghouse (@bgarlinghouse) <a href="https://twitter.com/bgarlinghouse/status/1978854410575814956?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">XRP Investors Await ETF Approvals</h2>



Meanwhile, XRP is at the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48252823/xrp-awaits-etf-decisions-is-a-push-to-3-coming">center of one of the largest institutional bets in cryptocurrency history</a>, with as many as 13 exchange-traded filings awaiting SEC review. 



WisdomTree, Grayscale, and Franklin Templeton, with combined assets under management exceeding $1.6 trillion, are leading the list.



Price Action: At the time of writing, XRP was exchanging hands at $2.24, down 7.07% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.



 Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/10/48268106/changpeng-zhao-counters-peter-schiffs-brutal-bitcoin-bear-market-prediction-with-a-dose-of-sarcasm-we-should-have-listened-to-him" target="_blank" rel="noreferrer noopener">Changpeng Zhao Counters Peter Schiff&#8217;s &#8216;Brutal&#8217; Bitcoin Bear Market Prediction With A Dose Of Sarcasm: &#8216;We Should Have Listened To Him&#8217;</a></li>
</ul>



Image via Shutterstock

Ripple Labs Is Leading A $1 Billion Fundraise To Establish XRP-Centered Treasury: Report

Binance co-founder Changpeng Zhao responded to Peter Schiff&#8217;s prediction of a brutal Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bear market on Thursday, highlighting the leading cryptocurrency&#8217;s historical outperformance against gold.



<h2 class="wp-block-heading">Zhao Throws Jibe At Schiff</h2>



Zhao sarcastically admitted that Bitcoiners &#8220;should have listened&#8221; to Schiff&#8217;s forecast now that BTC has plunged 32% against gold since its August peak. He did, however, point out that the two-month period represents only 1% of BTC&#8217;s 16-year existence.



&#8220;I am sure Bitcoin fluctuated negatively against gold more than that, except BTC went from $0.004 to $110,000 in 16 years,&#8221; the cryptocurrency mogul countered.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Peter revenge. &#x1f44f; We should have listened to him, two months ago, out of the 16 years in bitcoin&#39;s existence. About 1% of the time. I am sure bitcoin fluctuated negatively against gold more than that, except BTC went from $0.004 to $110,000 USD in 16 years. <a href="https://t.co/c7IiygbOer">https://t.co/c7IiygbOer</a>&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1978886728229269649?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/money/bitcoin-price-prediction-oct-14">Bitcoin (BTC) Price Predictions: 2025, 2026, 2030</a>



<h2 class="wp-block-heading">Comparison Over Longer Periods</h2>



Zhao&#8217;s argument had merit. While BTC has fallen 32% against gold in the last two months, longer timeframes suggested a different story.



Over the last five years, BTC has jumped 317% against the yellow metal. Similarly, it has increased by 8673% over a 10-year timeframe.



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td> Cryptocurrency</td><td>Price in Gold ounces (Recorded On October 12, 2020 )</td><td>Price in Gold ounces (Recorded On October 1, 2015 )</td><td>Price in Gold ounces (Recorded at 11:55 a.m. ET)</td><td>5-Year Gains +/-</td><td>10-Year Gains +/-</td></tr><tr><td>Bitcoin</td><td>5.97499</td><td>0.28452</td><td>24.961</td><td>+317.75%</td><td>8673%</td></tr></tbody></table></figure>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48-1024x569.png" alt="" class="wp-image-1119013" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48-1536x853.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/10/17001124/BTCXAU_2025-10-17_09-40-48.png 1563w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: Trading View</figcaption></figure>



<h2 class="wp-block-heading">Schiff Wants Bitcoiners To Embrace Gold</h2>



Schiff has stepped up the attack against BTC <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48267611/bitcoin-will-outperform-gold-after-jumping-14x-predicts-mexicos-3rd-richest-person-bookmark-this-post">amid gold&#8217;s record-breaking run</a>, questioning the<a href="https://www.benzinga.com/crypto/cryptocurrency/25/09/47660645/peter-schiff-asks-why-bitcoin-is-selling-off-while-stocks-gold-trade-at-record-highs-arthur-hayes-wants-investors-to-readjust-perspective" target="_blank" rel="noreferrer noopener">&nbsp;"Digital Gold" narrative</a>&nbsp;touted by a big section of Bitcoiners. While gold reached fresh highs at $4,370 per troy ounce, BTC fell further to $107,000 on Thursday.



He predicted a &#8220;brutal&#8221; bear market for the asset and urged its holders <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48260220/this-bitcoin-bear-market-will-be-brutal-peter-schiff-claims-as-gold-hits-4290">to sell it for gold to avoid &#8220;going broke</a>.&#8221;



Price Action: At the time of writing, BTC was trading at $109,016.76, down 2.30% over the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Year-to-date, the asset has gained 15%.



Spot gold was up 0.86% to $4,363.65 per ounce, having jumped over 60% this year. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/10/48260371/trump-family-reportedly-1-billion-in-profit-from-crypto-ventures" target="_blank" rel="noreferrer noopener">Trump Family Reportedly $1 Billion In Profit From Crypto Ventures</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo courtesy: Shutterstock

Changpeng Zhao Counters Peter Schiff's 'Brutal' Bitcoin Bear Market Prediction With A Dose Of Sarcasm: 'We Should Have Listened To Him'

In one of the boldest forecasts, Mexican business magnate&nbsp;Ricardo Salinas Pliego said on Thursday that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) will increase by at least fourteen times and ultimately surpass gold in value.



<h2 class="wp-block-heading">Bitcon To Catch Up With Gold?</h2>



Salinas reacted to gold&#8217;s historic feat as the first asset to reach a market capitalization of $30 trillion.



&#8220;Bitcoin will go up at least 14 times ( means $1.516 Million) to catch up with Gold &#8212; and then it will continue to outperform,&#8221; Salinas, Mexico&#8217;s third-richest person, projected. &#8220;Bookmark this post.&#8221;



Indeed, if BTC hits $1.516 apiece, multiplied by its current circulating supply of 19.93 million, its market value will exceed $30 trillion.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin will go up at least 14 times ( means $1.516 Million USD) to catch up with Gold &#8212; and then it will continue to outperform. Bookmark this post &#x1f60e; <a href="https://t.co/IdDItiKpEz">https://t.co/IdDItiKpEz</a>&mdash; Don Ricardo Salinas Pliego (@RicardoBSalinas) <a href="https://twitter.com/RicardoBSalinas/status/1978939432083378580?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also:&nbsp;<a href="https://www.benzinga.com/money/best-gold-trading-strategies">Best Gold Trading Strategies</a>



However, to hit the price level that Salinas suggested, BTC would need to increase by almost 1230%. That&#8217;s roughly equal to its gains in the last six years.



The lofty prediction comes amid <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48267186/bitcoin-ethereum-xrp-dogecoin-slide-further-analysts-say-btc-needs-a-close-above-117000-to-pull-market-higher">contrasting trajectories of the two assets</a>. While gold reached fresh highs at $4,370 per troy ounce, Bitcoin fell further to $107,000 on Thursday.



<h2 class="wp-block-heading">Salinas&#8217; Bitcoin-Heavy Portfolio</h2>



Salinas, who has a&nbsp;<a href="https://www.forbes.com/profile/ricardo-salinas-pliego/" target="_blank" rel="noreferrer noopener">net worth&nbsp;</a>of over $5 billion, has 80% of his wealth tied up in Bitcoin-related investments, with the rest in gold. In an interview earlier this year, he considered allocating 100% of his portfolio to the apex cryptocurrency.



He revealed that the devaluation of the Mexican national currency, the Peso, during the 80s, due to what he regarded as "mismanagement," pushed him toward&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44273077/bitcoin-is-digital-sound-money-in-the-safest-most-prosperous-time-in-history-anthony-pompliano-says" target="_blank" rel="noreferrer noopener">sound money</a>. He became a gold bug and &#8220;did really well&#8221; in the subsequent decades before adopting Bitcoin in 2013.



Price Action: At the time of writing, BTC was exchanging hands at $$108,812.31, down 2.28% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Spot gold was up 0.43% to $4,345.24 per ounce. 



Read Next:&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/commodities/25/10/48238088/ray-dalio-says-gold-is-hotter-than-ai-who-needs-tech-when-youve-got-bullion">Ray Dalio Says &#8216;Gold Is Hotter Than AI&#8217; — Who Needs Tech When You&#8217;ve Got Bullion?</a></li>
</ul>



Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>



Photo courtesy: Shutterstock

Bitcoin Will Outperform Gold After Jumping 14x, Predicts Mexico's 3rd Richest Person: 'Bookmark This Post'

Leading cryptocurrencies declined alongside stocks on Thursday, while gold marched to new highs.



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-1.77%</td><td>$109,036.62</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.66%</td><td>$3,940.21</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-1.47%</td><td>$2.38</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-4.07%</td><td>$187.05</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-3.19%</td><td>$0.1907</td></tr></tbody></table></figure>



<h2 class="wp-block-heading">Crypto Investors In &#8216;Extreme Fear&#8217;</h2>



Bitcoin's descent continued as the apex cryptocurrency fell to $107,500, its lowest level in more than three months. Ethereum sank to an intraday low of $3,829.65 late afternoon but recovered to $3,940 overnight.



Selling pressure was high for the two assets, with Bitcoin&#8217;s volume dropping 22% and Ethereum&#8217;s falling 5% in the last 24 hours.&nbsp;



Liquidations hit $737 million in the last 24 hours, with over $530 million in bullish long positions wiped out from the cryptocurrency market, <a href="https://www.coinglass.com/LongShortRatio">according </a>to Coinglass.&nbsp;



Interestingly, Bitcoin's open interest rose 2.85% over the last 24 hours to $73 billion. A rise in open interest, coinciding with a price drop, typically indicates that traders are opening new short positions, anticipating further declines.



"Extreme Fear" sentiment was back in the market, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24 Hours)&nbsp;



<figure class="wp-block-table"><table class="has-fixed-layout"><thead><tr><th>Cryptocurrency (Market Cap&gt;$1B)</th><th>Gains +/-</th><th>Price (Recorded at 9:15 p.m. ET)</th></tr></thead><tbody><tr><td>ChainOpera AI (COAI )&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+21.50%</td><td>$19.63</td></tr><tr><td>PAX Gold (PAX)&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.98%</td><td>$4,385.98</td></tr><tr><td>Tether Gold (XAUt )&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.97%</td><td>$4,367.15 </td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.75 trillion, following a decrease of 2.24% in the last 24 hours.



<h2 class="wp-block-heading">Stocks Slide, Gold Hits New High</h2>



Stocks gave up gains on Thursday. The Dow Jones Industrial Average plunged 301.07 points, or nearly 0.7%, to close at 45,952.24. The S&amp;P 500 lost 0.4% to end at 46,253.31, while the tech-focused Nasdaq Composite closed 0.25% lower at 22,562.54.&nbsp;



Yields on U.S. sovereign debt &nbsp;declined, with the benchmark 10-year Treasury yield falling to its lowest level since early April.



Meanwhile, gold <a href="https://www.benzinga.com/markets/commodities/25/10/48248158/gold-prices-central-bank-buying-donal-trump-tariffs-5000-2026">continued its explosive rally</a>, soaring to new highs at $4,379 per troy ounce.



<h2 class="wp-block-heading">Bitcoin Needs A Close Above $117,000, Analysts Say</h2>



In a note shared with Benzinga, analysts at cryptocurrency payment company B2BINPAY noted that <a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48241984/bitcoin-falls-as-trump-officials-talk-tough-on-china-ethereum-xrp-dogecoin-also-drop-analytics-firm-says-look-out-for-this-key-signal-on-btc">trade tensions</a> between the U.S. and China are "adding pressure" on the cryptocurrency market.



"Technically, Bitcoin is consolidating within a wide $108,000–$117,000 range," the analysts stated. "A daily close above $117,000 would confirm renewed strength and could pull the broader market higher."



On the other hand, Ethereum "must defend" $3,950–$4,050 and retake $4,150–$4,200 to regain momentum.



Blockchain analytics firm CryptoQuant highlighted that miners moved 51,000 BTC, worth over $5.7 billion, to Binance in the last seven days.



"The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating. This typically puts pressure on the price, as miners are historically among the largest Bitcoin holders," CryptoQuant stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin "The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating." – By <a href="https://twitter.com/ArabxChain?ref_src=twsrc%5Etfw">@ArabxChain</a> <a href="https://t.co/qSN6WGK5bu">pic.twitter.com/qSN6WGK5bu</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1978788572372041883?ref_src=twsrc%5Etfw">October 16, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/10/48261459/this-solanas-code-points-to-a-rally-to-253-but-theres-a-catch">This Solana&#8217;s Code Points To A Rally To $253, But There&#8217;s A Catch</a></li>
</ul>



Photo courtesy: Image by bitz100 via Shutterstock

	Par	Apalancamiento máximo	Corto	Largo	Gráficos	Cambio 24h

Pagar las comisiones de trading con MBG

Pagar las comisiones de trading con MBG

Sentimiento del mercado

Oportunidades de inversión

Herramientas de acceso rápido

Convierte tus activos

Compra rápida de cripto

Vende tus activos rápidamente

Opera en movimiento

App Store

Google Play

Noticias del mercado