CryptoPotato News (Official)

Solana Network Growth Jumps 124%: Here’s Why It Could Matter for SOL • Solana's network growth has surged by 124% since early September, with 1.71 million new wallets created daily and daily active addresses increasing by 58% to around 4.27 million. • Despite recent price declines, long-term projections for SOL remain bullish, with potential targets suggesting a rise above $300 and even near $2,744 based on technical patterns. • Institutional demand has slowed in October, with significant outflows from US-listed spot SOL ETFs, while stablecoin activity on Solana has reached new highs, with over 14 million addresses holding stablecoins. https://cryptopotato.com/solana-network-growth-jumps-124-heres-why-it-could-matter-for-sol/

Important Ripple News and XRP Price Update: October 8 • Ripple has strengthened its partnership with Brevan Howard to enhance multi-asset prime brokerage services, following a significant investment round and post-SEC settlement developments. • Meritz Securities has partnered with Ripple to improve digital asset infrastructure in South Korea, focusing on custody and tokenization amid regulatory changes. • XRP's price has dropped below $1.40 due to decreased ETF demand, increased selling pressure from large token transfers to Binance, and a broader market correction, with its market cap falling below $90 billion. https://cryptopotato.com/important-ripple-news-and-xrp-price-update-october-8/

$110B Gone From Crypto Markets in 36 Hours as Bitcoin Dives Below $83K: Market Watch • Bitcoin's price fell to $82,200, marking a 17-day low, after a volatile week influenced by weaker-than-expected US labor data. • Most major altcoins experienced declines, with ZEC dropping 6% and Ethereum falling to $2,560, while a few coins like BTW saw gains. • The total cryptocurrency market cap decreased by over $100 million in 36 hours, dropping from $2.920 trillion to $2.810 trillion. https://cryptopotato.com/110b-gone-from-crypto-markets-in-36-hours-as-bitcoin-dives-below-83k-market-watch/

3 Major Altcoins That May Plunge Further as Analyst Flags More Downside • The cryptocurrency market experienced a downturn following a failed rally, with analyst Ali Martinez predicting further declines for Chainlink (LINK), Cardano (ADA), and Solana (SOL). • Martinez highlighted LINK's potential drop below $13.56, with targets at $12.39 and $11.98, while noting a lack of sustainable growth despite a recent price surge. • ADA and SOL are also at risk, with ADA potentially falling to $0.21 after being rejected at $0.28, and SOL facing support levels at $114 and $111 after dropping below $117. https://cryptopotato.com/3-major-altcoins-that-may-plunge-further-as-analyst-flags-more-downside/

Bitcoin Dumps to 17-Day Low, But Key Metric Flashes Rebound Signal • Bitcoin dropped to a multi-week low of just over $82,000 after a failed attempt to break the $87,000 resistance, influenced by market conditions and US government actions regarding crypto holdings. • The TD Sequential technical tool has indicated a potential rebound, flashing a buy signal at the $83,000 support level following a recent sell signal. • Analyst Ali Martinez suggests that past price movements indicate a possible recovery, predicting a surge towards and beyond $90,000. https://cryptopotato.com/bitcoin-dumps-to-17-day-low-but-key-metric-flashes-rebound-signal/

Vitalik Buterin: AI Risk Doesn’t Justify Rushed Wallet Moves • Vitalik Buterin cautions that AI advancements in mathematics could undermine the security of ECDSA and other cryptographic systems sooner than anticipated, urging users not to rush wallet migrations. • He emphasizes the need for the industry to reduce reliance on both quantum and AI-vulnerable cryptography, advocating for hash-based signatures over lattice-based systems. • Buterin's perspective contrasts with Ethereum researcher Justin Drake's alarmist stance, as he believes that while caution is warranted, immediate action is not necessary and that rushed migrations can lead to losses. https://cryptopotato.com/vitalik-buterin-ai-risk-doesnt-justify-rushed-wallet-moves/

Tether Signs MoU With Kazakhstan’s Central Bank to Explore a Tenge Stablecoin • Tether has signed a memorandum of understanding with the National Bank of Kazakhstan and the Alatau City Authority to explore a stablecoin pegged to the tenge, focusing on international models for issuance. • The collaboration aims to develop a concept and pilot proposal for the stablecoin, with potential tokenization projects worth up to $60 million planned in Alatau by 2026. • Kazakhstan's digital asset law, effective since May 1, regulates money-backed stablecoins and tokenized assets, with the NBK overseeing stablecoin issuance. https://cryptopotato.com/tether-signs-mou-with-kazakhstans-central-bank-to-explore-a-tenge-stablecoin/

XRP Nears Key Breakout as Analyst Eyes $2 Target: But Here’s the Catch • XRP is currently trading in a narrow range of $1.46-$1.56, with an analyst suggesting a potential breakout could lead to a bullish target of $1.80-$2. • A successful breakout requires XRP to clear resistance levels around $1.65 and $1.69, while failure to hold support could see prices drop to the low $1.30s. • The analyst notes that XRP has been capped by its 50-week EMA for seven weeks, with a sustained move above it necessary for a stronger bullish outlook. https://cryptopotato.com/xrp-nears-key-breakout-as-analyst-eyes-2-target-but-heres-the-catch/

Hyperliquid Faces Singapore Regulatory Questions Despite Local HQ: Report • The Monetary Authority of Singapore (MAS) claims it has no jurisdiction over Hyperliquid, despite the platform's corporate entity being registered in Singapore, due to its decentralized nature. • Hyperliquid Labs confirmed it is based in Singapore but stated it is unregulated and has never claimed to be licensed by MAS, while emphasizing its commitment to engaging with regulators. • The platform has seen significant growth, with $730.5 million in revenue and $716.4 billion in perpetual derivatives volume in Q3, while its native token HYPE has fluctuated around $91 after reaching a record high of nearly $98. https://cryptopotato.com/hyperliquid-faces-singapore-regulatory-questions-despite-local-hq-report/

Bitcoin Struggles to Break Higher as ETF Demand Weakens: Bitfinex Alpha • Bitcoin is currently trading around $84,000, struggling to break the yearly open of $87,700, with recent attempts marking three failed breakouts. • Futures open interest has decreased significantly, indicating lower leverage, while spot demand has weakened, with net inflows into US Bitcoin ETFs dropping to $241.1 million, down 90% from the previous week. • Bitfinex identifies $86,000 as a crucial resistance level, with potential consolidation between $84,000 and the yearly open, while sustained trading below $81,300 could lead to further declines toward $77,000. https://cryptopotato.com/bitcoin-struggles-to-break-higher-as-etf-demand-weakens-bitfinex-alpha/

While America’s CLARITY Stalls, Russia’s Crypto Market Gets Official Operators • The Bank of Russia has registered the country's first digital asset operators, including Sberbank and VTB Bank, under new regulations effective September 1st. • A law signed by President Putin established a formal framework for crypto exchanges and custodians, although crypto cannot be used for payments in Russia. • Demand for hardware crypto wallets has surged in Russia, with significant sales increases reported by major retailers in 2026. https://cryptopotato.com/while-americas-clarity-stalls-russias-crypto-market-gets-official-operators/

LINK Is Up 24% in Weeks: But This Key Growth Metric Is Barely Moving • Chainlink's LINK has surged by approximately 24% since September 1, but new wallet creation has only increased by less than 2%, raising concerns about sustained demand. • In contrast to Chainlink, Solana saw a 33% rise in new addresses alongside a 20% price increase, while Ethereum's new addresses remained flat with a modest 11% price gain. • Recent on-chain data indicates significant LINK transfers to Binance, contributing to selling pressure and a price drop from a recent high of $15.80 to $13.40. https://cryptopotato.com/link-is-up-24-in-weeks-but-this-key-growth-metric-is-barely-moving/

Arthur Hayes: AI Is Overbuilt, and Bitcoin Could Benefit From It • Arthur Hayes argues that the current overbuilding of AI data centers will lead to a crash and subsequent bailout, with Bitcoin and other cryptocurrencies benefiting from the excess liquidity. • He cites historical patterns of technological rollouts resulting in overbuilding and bailouts, suggesting that computing power will become cheap and plentiful as a result. • Hayes highlights the financial struggles of AI companies like Anthropic, which face significant losses despite high revenue projections, and predicts that a potential bailout could drive Bitcoin's value significantly higher. https://cryptopotato.com/arthur-hayes-ai-is-overbuilt-and-bitcoin-could-benefit-from-it/

Bitcoin Price Analysis: What’s Next for BTC After Sharp Drop Below $84K? • Bitcoin is currently trading below $84K after failing to break through the $90K resistance, indicating a potential need for consolidation before another attempt at a breakout. • The daily chart shows structural improvement with BTC above key moving averages, but a drop below $84K could lead to a deeper correction toward the $75K-$78K support zone. • The taker buy/sell ratio has fallen below 1, signaling weakened aggressive buying pressure, which may hinder a convincing breakout above $88K unless the ratio improves. https://cryptopotato.com/bitcoin-price-analysis-whats-next-for-btc-after-sharp-drop-below-84k/

Ripple (XRP) Lands New South Korea Deal as Meritz Securities Explores Digital Asset Custody • Meritz Securities has partnered with Ripple to develop digital asset infrastructure in South Korea, focusing on custody and tokenization as the market approaches formal recognition. • The agreement, signed on October 1, aims to utilize Ripple's tokenization infrastructure and custody solutions within South Korea's capital markets while adhering to existing regulations. • Ripple is expanding its presence in South Korea, having previously collaborated with K Bank and Kyobo Life Insurance, and is also enhancing its institutional business in other regions, including Brazil. https://cryptopotato.com/ripple-xrp-lands-new-south-korea-deal-as-meritz-securities-explores-digital-asset-custody/

Why Is ADA’s Price Down 8% Today Even as Cardano Whales Wake Up? • ADA experienced a significant price drop of over 8% in 24 hours, falling below $0.255 after reaching a multi-month peak of over $0.27. • Whale activity in the Cardano ecosystem surged, with transactions over $100,000 hitting a four-month high, indicating increased engagement among large holders. • Recent project developments, including the RealFi mainnet launch and anticipation of new integrations, have boosted Cardano's social dominance, despite the price pullback. https://cryptopotato.com/why-is-adas-price-down-8-today-even-as-cardano-whales-wake-up/

These Altcoins Bleed the Most After Bitcoin’s Sudden Drop Below $84K: Market Watch • Bitcoin faced rejection at $87,000 and fell below $84,000, impacting the overall crypto market and leading to significant declines in altcoins. • Ethereum dropped over 4% to under $2,600, while XRP fell to $1.46, losing its $1.50 support, with other altcoins like ADA and UNI also experiencing substantial losses. • The total cryptocurrency market capitalization decreased by over $60 billion, now standing at $2.850 trillion. https://cryptopotato.com/these-altcoins-bleed-the-most-after-bitcoins-sudden-drop-below-84k-market-watch/

24,000 BTC Just Left Exchanges: Is Bitcoin’s (BTC) Supply Crunch Heating Up? • Bitcoin held on exchanges has significantly decreased, with a net outflow of 24,073 BTC, marking the largest daily outflow in seven months. • The percentage of Bitcoin held on exchanges has dropped to approximately 6.50% of the total supply, indicating a potential bullish trend as fewer coins are available for sale. • US spot Bitcoin ETFs experienced a turnaround with $119 million in inflows, led by BlackRock's IBIT, after starting the week with nearly $90 million in outflows. https://cryptopotato.com/24000-btc-just-left-exchanges-is-bitcoins-btc-supply-crunch-heating-up/

Why Did Bitcoin’s Price Slump by $2K in 20 Minutes? • Bitcoin experienced a sharp decline of $2,000, dropping below $84,000, after holding steady above $85,600 earlier in the week. • Liquidations surged to over $550 million, primarily affecting long positions, with ETH longs contributing significantly to the losses as ETH fell below $2,600. • Potential causes for the drop include the US government's transfer of crypto assets and suspicious activity from newly created wallets that opened large short positions shortly before the market downturn. https://cryptopotato.com/why-did-bitcoins-price-slump-by-2k-in-20-minutes/

1.6 Billion XRP Moves to Binance: Should Investors Be Worried? • XRP transfers to Binance have surged, with 1.6 billion tokens flowing into the exchange over the past month, the highest since March, raising concerns about potential selling pressure. • While large inflows to exchanges can indicate selling intentions, current data suggests a cautious short-term outlook without a definitive bearish signal yet. • XRP futures trading remained robust in September, with Binance leading the market, indicating strong liquidity and trading activity, while analysts are optimistic about XRP's price potential if it holds above $1.50. https://cryptopotato.com/1-6-billion-xrp-moves-to-binance-should-investors-be-worried/