Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

Ripple has advanced its long-term adoption strategy by integrating its native stablecoin RLUSD with LMAX and expanding institutional partnerships (eg, GTreasury acquisition, BDACS custody tie-ups). Despite solid ETF flows and strategic moves, XRP has lagged peers like SOL on short timeframes in early 2026; however, XRP limited losses in 2025 (≈12% vs SOL’s ≈35%), suggesting resilience. On-chain data from CryptoQuant shows whale inflows to Binance are at their lowest since 2021, indicating large holders are not distributing. AMBCrypto frames these signals — RLUSD adoption, institutional deals, steady on-chain activity and reduced exchange inflows — as evidence of accumulation and investor conviction, which could support XRP’s longer-term outlook into 2026.

Zero Knowledge Proof (ZKP), a $100M-backed project, is conducting a daily presale auction that the article claims could channel up to $1.7 billion into the token’s pools. The presale reportedly released tokens at $0.00002 and recently traded at $0.00008, a 300% increase; promoters project potential returns up to 20,000x for early buyers. ZKP is presented as a four-layer blockchain combining zero-knowledge technology with physical “Proof Pods” and a global hardware delivery plan. The piece compares ZKP to Solana (SOL) — trading near $140 with institutional interest and protocol upgrades — and Hyperliquid (HYPE), a decentralized futures platform trading around $23–$25 and claiming high throughput and market share. The article frames ZKP as a high-upside, early-stage opportunity for traders, highlighting rapid presale token release (200M tokens daily), alleged strong demand, and warnings that late entrants could face steep premiums. Disclaimer notes the content is a press release and not investment advice.

Former New York mayor Eric Adams launched “NYC Token” in Times Square days after leaving office. The token’s market cap spiked to nearly $600 million minutes after launch then plunged more than 75%, leaving a circulating market cap near $10.6 million and an FDV around $133 million. On-chain firms Bubblemaps and Beosin report related accounts withdrew roughly $2.37–2.5 million in liquidity at peak and later returned only part (~$1–1.5M), prompting rug‑pull accusations. About 4,000 wallets bought in early, with ~80% of purchases occurring within the first 20 minutes. Key figures tied to the issuance include Adams’ former chief advisor Frank Carone and investor Yosef Sefi Zvieli; Adams denies profiting and refuses to disclose all partners. The event follows Adams’ prior political and campaign‑finance scrutiny and has intensified regulatory interest. Traders should treat celebrity‑backed memecoins with heightened skepticism: verify liquidity locks and audits, monitor on‑chain flows and whale movement, and expect increased on‑chain forensics and possible regulatory scrutiny. Primary SEO keywords: NYC token, rug pull, liquidity rebalancing, on‑chain analysis. Secondary keywords: Eric Adams, Bubble Maps, token launch, price collapse, SEC scrutiny.

The White House is considering withdrawing support for a proposed crypto market-structure bill after Coinbase walked away from negotiations over a yield agreement banks required. Officials told reporters they view Coinbase’s abrupt exit as a “rug pull” that undermined a deal the administration had backed. Coinbase CEO Brian Armstrong said the exchange cannot support the Senate Banking Committee’s draft, citing an effective ban on tokenized equities and broad restrictions on DeFi. The standoff occurred just before a key committee markup. The White House stressed that one firm should not represent the industry and signalled it may abandon the bill unless Coinbase returns with terms acceptable to banks. Traders should expect increased regulatory uncertainty and potential volatility for major exchanges and liquid crypto assets while the legislative outlook remains unresolved.

JustLend DAO, TRON’s decentralized lending protocol, completed a second JST buyback-and-burn, permanently removing 525 million JST (≈$21 million) — about 5.3% of total supply. Combined with a prior burn, the cumulative reduction now totals ~1.08 billion JST, or roughly 10.96% of supply, achieved in under three months. The second buyback used SBM USDT balances generated after the first burn, indicating a partly self-sustaining funding mechanism tied to protocol activity. Key protocol metrics cited: JustLend TVL exceeded $7.08 billion, sTRX staking tops 9.3 billion TRX, and the GasFree Smart Wallet processed $46 billion in volume; USDD multi‑chain TVL surpassed $1 billion, giving extra capacity for buybacks. Market response included a JST market-cap move above $400 million, 24h volume rising ~22% to $31.49 million, and month-to-date price gains ~10.8%. JustLend DAO plans ongoing quarterly buyback-and-burn cycles to progressively reduce JST supply and increase governance weight per token as ecosystem activity grows. Traders should note increased token scarcity that can provide short-term supply-driven price support; monitor liquidity, order-book depth and realized volume for sustainability; and watch for future treasury actions or product updates that could extend demand.

Goldman Sachs CEO David Solomon said the U.S. CLARITY Act faces significant delays after the Senate Banking Committee postponed a planned markup following Coinbase’s withdrawal of support. The bill — intended to clarify market structure, stablecoin rules and jurisdictional boundaries for digital assets — now looks unlikely to progress quickly, with some analysts predicting it may not reach a committee vote until late 2025. The setback is prompting institutions to delay large-scale tokenization, custody and regulated stablecoin initiatives and encouraging some firms to pursue more crypto-friendly jurisdictions (EU’s MiCA, Singapore, Hong Kong, UK). Lobbying from banks, exchanges and DeFi firms aims to amend key provisions (especially treatment of tokenized equities and passive, interest-bearing stablecoin rewards), leaving the bill’s future uncertain. Congressional scheduling is further complicated by other committee markups and the need to pass funding bills to avoid a government shutdown. Traders should watch regulatory developments closely: any changes to tokenization or stablecoin rules could materially affect liquidity, on-chain yields, institutional product timelines and US competitiveness in crypto innovation.

Anchorage Digital, a US‑chartered institutional crypto bank, is pursuing a $200–$400 million funding round as a prelude to a potential 2026 IPO. The raise will fund expansion of custody, trading and staking services and a strategic push into stablecoin issuance and management; Anchorage plans to double its stablecoin team this year. The firm won an OCC national trust charter in 2021 and previously completed a $350 million raise that valued it above $3 billion. The timing follows the 2025 Clarity for Payment Stablecoins Act, which established federal rules for reserve composition, redemptions and oversight and reduces regulatory uncertainty for compliant issuers and custodians. Anchorage has broadened its institutional offerings through acquisitions and integrations and announced a partnership with Tether to launch a USAT token in the U.S. Competitors and peers — including BitGo, Kraken (which have filed S‑1s), Coinbase Custody, Fidelity Digital Assets and bank entrants such as BNY Mellon — are also accelerating stablecoin, custody and institutional products ahead of expected 2025–2026 listings. Analysts view the fundraise as a valuation‑strengthening step toward an IPO and as a signal of growing institutional confidence in regulated crypto infrastructure. Key implications for traders: deeper institutional product depth (custody, staking, regulated stablecoins) could increase liquidity and institutional flows; a successful Anchorage IPO would further legitimize regulated crypto finance and may attract incremental institutional capital.

US spot XRP ETFs recorded a $1.12 million net inflow on January 16 (EST), driven entirely by Franklin’s Franklin XRP ETF (ticker: XRPZ), which added $1.12 million that day and has cumulative net inflows of $288 million since launch, according to SoSoValue. At the time of reporting total net assets across US XRP spot ETFs stood at $1.52 billion, with XRP representing about 1.20% of ETF net assets. Historical cumulative net inflows into US XRP spot ETFs totaled roughly $1.28 billion. Earlier reporting (Jan 14) showed daily inflows of $10.63 million led by Grayscale’s GXRP ($7.09M) and Franklin’s XRPZ ($2.33M), with a then-NAV of $1.56 billion and cumulative inflows of $1.26 billion. The newer report reflects a modest single-day inflow concentrated in XRPZ and small changes in total NAV and cumulative flows. This market data is for information only and not investment advice.

Coinbase has added Seeker (SKR) and FIGHT (FIGHT) to its listing roadmap. Both tokens are now being evaluated for potential trading support; before trading goes live they must meet Coinbase’s market-making and technical infrastructure requirements. No specific listing date was provided — Coinbase said timing will be announced later. The announcement signals possible future exchange access for SKR and FIGHT, which could increase their liquidity and visibility if they satisfy Coinbase’s onboarding conditions. This update is informational and not investment advice.

Circle Internet Group (CRCL) has seen a roughly 40% stock drawdown amid growth-stock volatility even as USDC business metrics remain strong. Circle reported $740m in USDC revenue (up 66% YoY) and an adjusted EBITDA margin around 57%. Management still targets ~40% CAGR in USDC circulation but warned that lower interest rates and stronger competition could slow token growth and dampen future revenue from dollar reserves. The company’s profitable unit economics for USDC and a valuation reset after the stock decline underpin a continued buy thesis for some analysts, yet high variable costs, macro interest-rate risk, and competitive pressure raise uncertainty. For traders: short-term volatility may continue and presents a risk/reward inflection point — monitor USDC circulation and redemption trends, stablecoin regulation, interest-rate moves that affect yield on dollar reserves, and competitive dynamics from other stablecoins and on-ramps. Position sizing and time horizon are key given potential for both continued drawdowns and long-term secular adoption of stablecoins.

Interactive Brokers has launched 24/7 stablecoin funding across 170+ markets, allowing eligible clients to deposit and withdraw USD via major USD-pegged stablecoins at any time, including weekends and holidays. The rails—processed by a crypto payments partner—support transfers on Ethereum, Solana and Base and immediately convert received stablecoins to USD, crediting brokerage accounts so funds are available for trading within minutes. Interactive Brokers waives deposit fees; the processing partner charges a small conversion fee (reported 0.30% minimum $1). The service reduces reliance on slower cross-border bank wires that typically take 1–3 business days and cost $25–$50, speeding fiat on-/off-ramps and aligning funding availability with global market hours. Interactive Brokers stresses this is a fiat funding mechanism (clients do not trade crypto directly through the deposit), but it aims to improve liquidity and rapid capital deployment for traders and institutions, with additional stablecoins (e.g., PYUSD and RLUSD) slated for imminent support.

Iran has formally integrated cryptocurrencies into its state survival and external strategy, explicitly accepting crypto, barter or the rial for overseas military contracts, according to a January 2026 Defense Ministry export office notice. Driven by a depreciated rial, severed international banking channels and settlement risks for energy and military trade, Tehran treats crypto as an "anti‑sanctions financial tool." Iran is now the world’s fourth‑largest crypto mining center, benefiting from subsidized electricity and high on‑chain inflows; Israeli authorities have linked IRGC‑related addresses to roughly $1.5 billion in USDT receipts. During nationwide internet shutdowns in January 2026, Iran explored offline or weak‑net solutions—satellite links (Starlink, Blockstream), Bluetooth mesh tools, and offline Bitcoin transmission systems—demonstrating crypto’s operational resilience when traditional finance and communications fail. The shift highlights a broader trend: cryptocurrencies evolving from financial innovations into geopolitical instruments used by sanctioned states (parallels include Russia and Venezuela) to transfer value and procure strategic goods. Traders should note increased use of stablecoins (e.g., USDT) in sanctioned flows, elevated mining hashpower from Iran, and potential regulatory and counter‑measures risk that could affect liquidity and exchange flows.

Analysts warn that increasing political pressure on U.S. Federal Reserve independence — dubbed an ‘Erdoğanization’ risk by Bitwise’s André Dragosch — could weaken the dollar, raise inflation expectations and shift capital toward alternative stores of value such as Bitcoin. Drawing on Turkey’s 2018–2023 experience (lira collapse, >80% devaluation, inflation above 85% and sharp rises in peer‑to‑peer Bitcoin volume), the report argues that perceived erosion of Fed autonomy under a politicized administration would undermine confidence in dollar‑denominated assets and Treasury markets, prompting investors to seek hedges. Key channels: higher inflation expectations, dollar devaluation, loss of institutional credibility and potential geopolitical de‑dollarization. The analysis emphasizes structural relationships rather than precise price forecasts and notes the 2024 Bitcoin halving reduced new supply issuance, tightening Bitcoin’s economic model. For traders, the takeaway is that threats to Fed independence may strengthen Bitcoin’s narrative as ‘digital gold,’ potentially increasing long‑term demand even amid short‑term volatility. This is not investment advice.

Market snapshot (OKX): Axie Infinity Shards (AXS) outperformed the session, rising 12.45% to $1.383. Other notable intraday gainers included The Sandbox (SAND) +11.70% at $0.132, Enjin Coin (ENJ) +11.65% at $0.0328, Ronin (RON) +9.19% at $0.158, and Celestia (TIA) +8.85% at $0.591. On the downside, Golem (GLM) led losses with a 2.89% drop to $0.275. Additional decliners were Internet Computer (ICP) -1.64% at $4.083, Chiliz (CHZ) -1.24% at $0.0580, UNUS SED LEO (LEO) -0.18% at $8.903, and Bitcoin Cash (BCH) -0.02% at $599.7. This update is a market data summary and does not constitute investment advice.

Ripple has invested over $150 million to support LMAX’s global expansion and enterprise-grade market infrastructure. The strategic move aims to integrate XRP into regulated, low-latency execution venues used by banks, funds and professional liquidity providers, improving access to institutional price discovery, hedging, market making and balance-sheet management. Analysts cited in the report say the investment will deepen liquidity for XRP, tighten spreads, and increase routine institutional use within regulated trading rails, complementing Ripple’s settlement, custody and liquidity stack. Technical chart commentary notes XRP is showing bullish weekly structure — a possible Golden Cross on MACD and protection of a 400-day defense zone — which some traders interpret as a precursor to renewed upside. Key themes: Ripple institutional expansion, LMAX low-latency venues, $150M investment, stronger XRP liquidity and integration into regulated markets, potential positive technical outlook for XRP.

Institutional demand for Bitcoin has outpaced miner issuance by roughly six times in 2026, creating a structurally tighter market that may support further price appreciation. Historical on-chain data show institutional purchases rising from about 236,000 BTC in 2021 to ~913,000 BTC in 2024, then 702,000 BTC in 2025; mined issuance fell from ~330,000 BTC (2021) to 166,000 BTC (2025). In 2026, institutions continued to absorb newly issued BTC at ~6x the supply rate. Concurrently, global M2 money supply growth is accelerating post-2020, which has historically correlated with Bitcoin bull runs (notably 2017, 2020–21). Spot Bitcoin ETF inflows have shown repeated surges since May 2025; notable inflows include $840m on 15 January, aligning with local BTC price gains and reduced downside volatility. Analysts interpret persistent ETF inflows and post-halving lower issuance as key drivers of scarcity. Traders should watch: ETF flow persistence, M2/liquidity trends, and potential reversals in money growth — sustained inflows and positive liquidity favor continued upside, while flow reversals or liquidity slowdowns could quickly weaken rallies.

Zero Knowledge Proof (ZKP) is gaining traction as Solana (SOL) and Chainlink (LINK) trade in narrow ranges. ZKP has committed $17 million to physical Proof Pods — hardware units that perform verifiable tasks for the network — and uses a live daily Initial Coin Auction that mints and prices tokens every 24 hours. The auction model locks daily prices and rewards Proof Pod operators based on the previous day’s auction, creating a direct work-for-pay on-chain loop. Solana is trading near $139–$140, above its 50-day average, facing resistance at $140–$144 with an RSI around 60. Chainlink is range-bound around $13–$14, below its 200-day average near $17.6, with neutral MACD and RSI. The article positions ZKP’s hardware-driven, privacy-focused approach as a structural differentiator that could attract capital while legacy leaders pause. Links and official channels for ZKP (website, auction, X, Telegram) are provided. Disclaimer notes the piece is a press release and not investment advice.

Kazakh President Kassym-Jomart Tokayev has signed amendments to the Banking Law and Financial Market Regulation Law that formally introduce digital financial assets (DFAs) as a regulated asset class and permit their circulation within Kazakhstan. The law classifies DFAs into three categories: stablecoins, asset-backed tokens, and electronic financial instruments. It also brings unbacked digital assets (e.g., Bitcoin) under legal oversight, allows the creation of crypto exchanges licensed by the central bank, and tasks the central bank with publishing an approved list of cryptocurrencies permitted for circulation. Regulatory measures will include limits on crypto trading activities, investor protection rules, and monitoring of market participants to combat money laundering. The reforms aim to promote fintech and the crypto sector while balancing market access with safeguards. No specific timetable or list of permitted tokens was released in the initial report.

Bank of America analysts warned that stablecoins could siphon as much as $6 trillion from U.S. bank deposits over time, posing a significant threat to traditional deposit bases and the commercial lending model. The note argues that if stablecoin adoption accelerates — driven by on-chain payments, yield-bearing stablecoin products, and DeFi lending — it could reduce banks’ low-cost funding and force a redefinition of lending economics. The report highlights risks including disintermediation of deposits, increased liquidity volatility, and pressure on net interest margins. It also notes regulatory uncertainty around stablecoins and potential responses from banks, such as shifting toward fee income, repricing loans, or altering balance-sheet strategies. For traders, the key takeaways are heightened regulatory focus on stablecoins, potential increased volatility for bank equities and crypto markets during adoption milestones or regulatory actions, and possible shifts in demand for stablecoins and yield products that could affect crypto liquidity and rates. Primary keywords: stablecoins, bank deposits, Bank of America, $6 trillion risk, lending. Secondary keywords: disintermediation, DeFi, liquidity, regulatory risk.

X Creators announced a new $1 million prize program to reward the best original long-form articles on the platform. The initiative targets high-value, high-impact written content that shapes conversations, leads news and influences culture in 2026. Eligible submissions must be original, at least 1,000 words, and will be judged primarily on exposure in the platform’s Home timeline. Participation is limited to U.S. users; content that violates platform policies, or contains hate, fraud or manipulative material, is disqualified. The program aims to double down on supporting writers and boosting quality journalism on X.

Google is prioritizing physical network expansion—particularly fiber broadband—alongside major investments in AI data centers as demand for AI services rises. The company is in talks to combine Google Fiber (GFiber) with Radiate/Astound in a deal where private-equity firm Stonepeak would hold the largest stake and Google would retain a smaller position; discussions remain ongoing. Alphabet has also been exploring outside investment for its fiber arm. Separately, Google has committed tens of billions of dollars to AI infrastructure globally, including roughly $15 billion in India and $9 billion in South Carolina. Google Cloud CEO Thomas Kurian announced plans to spend about $15 billion over five years to build a large AI-driven data center hub in southern India (Visakhapatnam), initially targeting 1 GW capacity and later expanding to multiple gigawatts. Sundar Pichai called the India hub a “landmark” that will bring Google’s AI services to a vast population. The moves signal Google’s strategy to vertically integrate network capacity (fiber) with compute-heavy AI centers to meet surging bandwidth and latency demands from AI applications.

Solana (SOL) has rallied ~24.5% since last month, rising from $116.8 to about $145 and lifting market cap to roughly $81.8B. Active addresses grew rapidly from ~3.13M to 5.18M in two weeks, while futures open interest climbed from $6.8B to $8.86B, indicating rising on-chain participation and leveraged positioning. SOL traded around $144.75 at the time of reporting — about 1.3% below a long-term descending resistance trendline near $146.5 that has pressured prices since September 2025. Technicals show a flattening 20- and 50-day EMAs with a recent exponential bullish crossover, suggesting short-term momentum. A rejection at the trendline could push SOL back toward $116.8 (a ~16.5% drop), while a successful breakout and sustained buying might propel the token toward $172 (about +17% from breakout). Key takeaways for traders: (1) monitor price reaction at $146.5 — it is the pivot for trend direction; (2) watch open interest and address growth for confirmation of trend continuation; (3) manage risk around potential volatility — a failed breakout could trigger a sizeable pullback. This article is informational and not financial advice.

US stocks closed modestly lower as investors weighed weekly losses. The Dow fell 0.17%, the S&P 500 slipped 0.06% and the Nasdaq edged down 0.06%, leaving all three benchmarks slightly negative for the week. Blockchain-related equities diverged from the broad market: Circle (CRCL) led gains, up 2.62%, Coinbase (COIN) rose 0.78%, and StrategyShares names advanced about 1.6%. Earlier reporting showed larger tech weakness—NVIDIA, Google, Microsoft, Meta and Amazon all declined—while Tesla outperformed. Traders should note that crypto-linked stocks showed relative resilience amid a weak market close. This market information does not constitute investment advice.

Mutuum Finance (MUTM), a decentralized lending and borrowing protocol, is in Phase 7 of its presale priced at $0.04. The project reports nearly $20 million raised from over 18,700–18,800 participants and says 850 million of 1.82 billion presale tokens have been claimed; total supply is capped at 4 billion MUTM. MUTM’s V1 Sepolia testnet reportedly includes liquidity pools, mtTokens, debt contracts and an automated liquidator bot. Smart contracts were audited by Halborn and the protocol plans to use Chainlink oracles for real‑time pricing and risk management. The ecosystem centers on over‑collateralized USD‑pegged stablecoins, buyback‑and‑redistribute fee mechanics intended to fund staking yields (projected ~10–12% APY), and staged presale pricing (Phase 7 $0.04, Phase 8 $0.045, public launch target $0.06). The articles compare MUTM to Cardano (ADA), arguing ADA faces short‑term resistance near $0.408–$0.410 and positioning MUTM as an early presale with higher asymmetric upside — including illustrative ROI scenarios (e.g., ~25x if MUTM reached $1). Participation is said to include retail, whales and institutional buyers; the coverage frames scarcity, presale momentum and audits as drivers of FOMO. Both pieces are press releases; readers are advised to perform independent due diligence. Keywords: Mutuum Finance, MUTM presale, decentralized lending, Chainlink, presale raise.

On Jan 17, on-chain analyst Ai reported that a large trader—previously known for opening short positions after the Oct 11 flash crash—added 20,000 ETH to a long position, bringing the trader’s ETH holdings to 223,340 ETH (about $736 million). The position’s unrealized profit on ETH is estimated at $29.46 million, and the trader’s total portfolio unrealized gains are around $40.93 million. The report cites on-chain monitoring and does not provide identity details. No investment advice was given. Keywords: ETH, whale, on-chain monitoring, long position, unrealized profit.

Sei Labs co‑founder Jay announced that the SIP‑3 upgrade for the Sei network is expected to complete by mid‑year. SIP‑3 is described as the final technical hurdle before the broader Sei Giga upgrade. The SIP‑3 change will remove Sei’s dual architecture (EVM + Cosmos) and convert the network to a pure EVM chain, which requires deleting hundreds of thousands of lines of code. Once SIP‑3 is implemented, only EVM addresses will be able to initiate transactions. The team aims to finish the EVM migration by mid‑2026, after which focus will shift to launching Sei Giga. The update signals a major protocol-level overhaul with potential implications for developer tooling, address formats, and dApp compatibility.

Major U.S. mortgage lender Newrez will begin accepting cryptocurrency holdings as qualifying assets for certain mortgage products starting March 15, 2025. Recognized assets include Bitcoin (BTC), Ether (ETH), spot crypto exchange-traded funds (ETFs) backed by those tokens, and U.S. dollar–pegged stablecoins. Eligible crypto must be held at U.S.-regulated exchanges, fintech platforms, brokerages or nationally chartered banks; decentralized wallets and most international platforms are excluded. Underwriting will apply volatility adjustments to crypto valuations (discounts, multi-month averages, stress tests) and require documentation, custody verification and enhanced staff training. Borrowers still must pay closing costs and make loan repayments in U.S. dollars. Newrez began collaborating with exchanges and fintech partners in 2023 and cites demographic trends — roughly 45% of Gen Z and Millennials hold crypto — plus regulatory shifts (SEC approval of spot BTC/ETH ETFs and clarified custody guidance) as drivers of the policy. Analysts expect the change could modestly increase mortgage qualification rates among younger crypto holders without forcing liquidation, but warn of operational, valuation and liquidity risks. The policy may set a precedent for other lenders if broadly adopted, potentially widening crypto’s role in mainstream credit products.

CoinMarketCap’s Altcoin Season Index climbed into the high-20s (reported as 27–30 across updates), signalling an early-stage rotation from Bitcoin into alternative cryptocurrencies but still far from a full altcoin season. The index measures the share of the top‑100 non-stablecoin tokens that outperformed BTC over a 90‑day window; 75%+ denotes an alt season and below 25% denotes a Bitcoin season. Recent on‑chain and market signals include rising trading volumes for major altcoins, modest declines in Bitcoin dominance, increasing TVL on some non‑Ethereum Layer‑1s (eg, Solana, Avalanche), higher DEX activity and elevated social chatter. Analysts caution the index is a lagging indicator and that sentiment spikes can be contrarian; macro conditions, BTC consolidation and exchange flows often govern whether altcoins sustain outperformance. For traders, the move is an early tactical signal: many favour phased, selective accumulation of higher‑quality altcoins while keeping strict risk controls and watching confirmation levels (index holding >25, advancing through 30–35 and above). Key metrics to monitor alongside the index are Bitcoin dominance, DEX volumes, DeFi TVL, on‑chain activity (gas fees, active addresses) and futures funding rates. The rise to the high‑20s is noteworthy for portfolio rebalancing but insufficient alone to declare an altcoin season — a sustained multi‑week, broad‑based outperformance across many tokens would be required.

Grayscale reported that the October deleveraging event, which earlier pressured crypto valuations, has ended and is no longer exerting material downward pressure on markets. The firm noted that forced liquidations and margin-driven selling that amplified volatility in October have largely dissipated. Grayscale’s analysis highlights reduced systemic risk from deleveraging, improving liquidity conditions and removing a key technical headwind for major assets. The firm did not predict immediate price direction but suggested the market’s vulnerability to similar structural stresses has lessened. Key points: deleveraging-driven selling in October has receded; forced liquidations and margin calls are no longer a principal driver of price declines; liquidity and market functioning show signs of stabilization; implications are chiefly about lower short-term technical risk rather than guaranteed bullish price moves.