Onchain Analyst: Long-Sleeping Bitcoin Whale Resurfaces, Shifting 2,300 BTC to Paxos Wallet
Onchain Analyst: Long-Sleeping Bitcoin Whale Resurfaces, Shifting 2,300 BTC to Paxos Wallet
On Monday, onchain analyst Emmett Gallic spotted a heavyweight bitcoin whale making waves after dropping 2,300 BTC into a Paxos-tagged deposit address. Despite that hefty move, the whale is still swimming in deep crypto watersâholding 32,490.38 BTC worth a cool $3.44 billion. Analyst Emmett Gallic Flags $245M Bitcoin Move From Long-Inactive Whale Bitcoinâs price has [âŠ]
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Ripple CTO Says XRP Isnât Here To Replace Banks, So What Is Its Main Use?
Rippleâs Chief Technology Officer, David Schwartz, has clarified that XRPâs core purpose is to give individuals direct control over their money. In a recent post on the social media platform X, Schwartz highlights how XRP is not intended to replace banks but rather facilitates the free movement of value without centralized control or intermediaries. Ripple [âŠ]
Next 1000x Crypto to Watch as XRP ETFs Will Launch Soon
Quick Facts: âĄïž XRP is long overdue for a jump in value after institutional adoption âĄïž The USâ previous anti-crypto stance has stopped XRP from reaching its true value âĄïž However, several XRP ETFs are due for launch after the end of the US govt shutdown âĄïž $XRP could be a 1000x crypto alongside $PEPENODE [âŠ]
- NEWSBTC
Balancer Protocol Sees $70M Exit In Suspected Crypto Exploit
Balancer, one of the most established decentralized finance (DeFi) protocols with more than $700 million in total value locked (TVL), appears to have suffered a serious exploit, adding fresh stress to an industry still grappling with security concerns. Early on-chain evidence indicates that attackers drained assets across multiple chains, with losses now exceeding $98 million, making this one of the largest DeFi breaches of 2025 so far. Related Reading: Bitmine Buys 44,036 Ethereum Worth $166M During Market Dip â Details The attack appears to have targeted Balancer liquidity pools, siphoning high-value assets including wrapped ETH and liquid-staking derivatives through coordinated cross-chain movements. Initial wallet traces show funds rapidly routed through mixing services and bridge networks. This suggests a sophisticated operation designed to minimize traceability. This is not the first time Balancer has faced a security incident, and the scale of this exploit reignites conversations around protocol hardening, liquidity pool design risk, and cross-chain attack vectors. It also deals a blow to market confidence at a time when institutional interest in DeFi infrastructure has been slowly recovering. Over $98M in ETH-Based Assets Drained as Market Weakness Adds Pressure According to on-chain data compiled by Lookonchain, the Balancer exploit resulted in the loss of a significant amount of high-value Ethereum-based assets. Among the stolen funds were 6,587 WETH (worth approximately $24.46 million), 6,851 osETH (valued around $26.86 million), and 4,260 wstETH (roughly $19.27 million). These figures confirm that the attacker targeted core liquidity holdings, particularly liquid-staking assets and wrapped Ether. Assets commonly used in advanced DeFi strategies and institutional portfolios. The scale of outflows highlights the exploitâs severity and underscores persistent vulnerabilities in cross-chain and liquidity-pool architecture. More importantly, this incident has arrived at a sensitive moment for the market. Ethereum is already under selling pressure, struggling to reclaim key levels amid broader crypto market weakness. Risk appetite has thinned, liquidity has become more selective, and sentiment remains fragile following recent volatility. The Balancer breach adds another layer of stress to an ecosystem trying to regain its footing. Major exploits like this serve as a stark reminder that smart-contract risk remains one of the sectorâs biggest challenges. With investors already cautious, the timing amplifies uncertainty â and the marketâs reaction in the coming days will be a critical test for confidence across the Ethereum and DeFi landscape. Related Reading: Bitcoin Point Of Control Sits At $117K â Key Battle Zone For Bulls Balancer (BAL) Trades Near Cycle Lows as Sellers Maintain Control Balancerâs native token BAL continues to trade under heavy pressure, now sitting near $0.97 and hovering close to multi-year lows. The weekly chart reflects persistent weakness, with price trending steadily downward since mid-2024 and repeatedly failing to reclaim key moving averages. The 50-week and 100-week moving averages remain firmly above price and slope downward, reinforcing a long-term bearish structure and signaling that momentum remains with sellers. Recent attempts to rebound have been shallow and short-lived. Indicating limited buying interest and a reluctance from market participants to position aggressively following the latest exploit news. This weakness predates the incident. However, BAL has been in a consistent downtrend for months, struggling to sustain demand even during broader market relief phases. Related Reading: $780M Worth of Ethereum Pulled From Exchanges â Biggest Withdrawal Spike in Weeks With the token sitting near its post-listing lows, the market is in a âshow-meâ phase. Bulls need to reclaim at least the $1.20â$1.40 area and break above the 50-week moving average to challenge the prevailing downtrend. Failure to do so risks deeper price compression and potential price discovery lower. Featured image from ChatGPT, chart from TradingView.com
Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5%
Bitcoin Magazine Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% Lava, the bitcoin-backed lending platform, announces a $200M funding round led by venture and debt capital, introducing a revolving line of credit with fixed rates from 5%âno monthly payments required, backed by BTC collateral. This post Lava Raises $200M for Bitcoin-Backed Line of Credit, Announces New Borrow Rates Starting at 5% first appeared on Bitcoin Magazine and is written by Juan Galt.
- NEWSBTC
XRP Bear Signal Triggered: Will The Top Altcoin Drop 70-80% From Here?
XRP has been a top performer during this recent bull market, beating Ethereum and almost all other cryptocurrencies in ROI. But could a recent bearish signal suggest the top altcoin could drop by 70-80% from current levels? XRP Triggers Bearish Crossover of Monthly LMACD XRP monthly LMACD has crossed bearish for the third-time ever The two past bearish crossovers resulted in an 87% and 71% drawdown AFTER the signal fired The signal is still unconfirmed, so bulls must push price much higher this month or risk seeing the signal confirm pic.twitter.com/aVUA3840ug â Tony "The Bull" Severino, CMT (@TonyTheBullCMT) November 3, 2025 Aside from Bitcoin, altcoins havenât fared well during this recent bull market cycle in crypto. XRP, however, has done extremely well, even outperforming BTC at times. But as Bitcoin itself begins to struggle with selling pressure, XRP has triggered a high timeframe bearish signal that could also point to the end of the ongoing rally. Related Reading: Solana Price Drops Below $180 Despite $199M ETF Inflows, Whatâs Behind the Decline? XRPUSD has triggered its third-ever bearish crossover of the LMACD indicator on the one month timeframe. High timeframe signals tend to hold more weight than lower timeframes, making the bearish crossover especially worrying. LMACD stands for logarithmic moving average convergence divergence indicator. It helps traders to visualized momentum swings from bearish to bullish and back again. The histogram turning red indicates that the two moving averages (the LMACD line and the signal line) have crossed bearish. Could The Top Crypto Drop by 70-80%? These bearish crossovers of the monthly LMACD are usually devastating in their wake. The first instance of the signal firing was in 2018 â XRP fell by 87% after the bearish crossover. The second bearish crossover was in 2021 and XRP dropped by 71% in the following drawdown. A 70% drop from current prices would put XRP back at around 70 cents per coin. Meanwhile, many crypto analysts are still expecting prices near $10 or higher. There is no guarantee either price target will be hit, but thereâs no denying based on the indicator that momentum is turning bearish. Related Reading: XRPâs Next Earthquake: Billions Set To Flow In, âSupply Shockâ ComingâAnalyst The LMACD is the logarithmic moving average convergence divergence indicator, so thereâs still an opportunity for bulls to push prices much higher, forcing the indicatorâs moving averages to diverge upward instead. If the two lines diverge apart, then the bull run is back on and higher price targets are once again on the table. However, this could take some time given the higher timeframe signals examined here. Tony Severino, CMT is the author of the CoinChartist (VIP) newsletter. Sign up for free. Follow @TonyTheBullCMT on X/Twitter.