Category: cryptocurrencies

The native token of the oracle network Chainlink, LINK, climbed to $18.80 on Monday as large holders have been adding significant positions despite the token’s struggle to fully recover from October’s correction. The token established a series of higher lows at $18.10 and $18.42, creating a bullish structure, as noted by RialCenter’s technical analysis model. It posted a solid 3% advance over the past 24 hours, outpacing the broader crypto market.

The breakout above the key $18.70 level occurred with a volume spike to 3.07 million. Despite the advance, trading activity runs more than 5% below the seven-day moving average.

With LINK having broken above the $18.70 resistance level that capped previous rallies, the technical picture appears constructive for continued upside. However, the subdued volume profile during the advance creates a divergence that warrants caution.

Meanwhile, LINK whales, or large token holders, withdrew nearly 10 million tokens from crypto exchange Binance since the October 11 crypto crash, as noted by well-followed blockchain sleuths. That’s roughly worth $188 million at current prices, signaling steady accumulation by deep-pocketed investors.

Key Technical Levels Signal Caution for LINK

• Support/Resistance: Strong support established at $18.24 with resistance forming near the $18.70-$18.75 range.
• Volume Analysis: 24-hour volume declined 5.55% below weekly averages despite price advance, suggesting limited institutional participation.
• Chart Patterns: Ascending channel structure intact since mid-2023 with recent bounce from lower boundary support.
• Targets & Risk/Reward: Immediate upside targets at $20.04 resistance level, with downside risk toward $18.10 support if momentum fails to sustain.

Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

The New York Stock Exchange (NYSE) posted listing notices on Monday for four new spot cryptocurrency exchange-traded funds (ETFs), signaling they will begin trading as soon as Tuesday.

The filings include the Bitwise Solana Fund, Canary Capital Litecoin and HBAR Fund, and the Grayscale Solana Trust — the latter of which is scheduled to launch Wednesday.

The move surprised many in the market, as ETF issuers had not expected any decisions from the Securities and Exchange Commission (SEC) during the ongoing U.S. government shutdown. The agency has been operating with a reduced staff, like the rest of the federal government — anyone not deemed essential is furloughed, and essential employees are working without pay for the duration of the shutdown.

These ETFs had faced final decision deadlines earlier this month, but the shutdown pushed the process back. The sudden appearance of listing notices suggests issuers are launching the funds under the newly developed generic listing standards or taking advantage of other mechanisms that similarly allow issuers to go live with products without seeking SEC approval.

Spot ETFs allow investors to gain exposure to the underlying digital assets without holding them directly. These ETFs are the first ones to launch for new crypto assets after the approval of the spot bitcoin and ether ETFs in 2024. Some of these funds will also include a staking feature.

Several other issuers have applied to launch similar products tied to Solana and other digital assets, both on the NYSE and rival exchanges like Nasdaq and Cboe. When those funds will be approved remains unclear, especially if the shutdown continues.

UPDATE (Oct. 27, 2025, 20:17 UTC): Modifies third-to-last-graf for clarity.

By Omkar Godbole (All times ET unless indicated otherwise)

The crypto market thrived, with bitcoin briefly approaching $115,000, marking a four-day rise from $108,000. The CoinDesk 20 Index saw a solid 2% increase in the past 24 hours, while ZEC, PI, and ENA showcased gains exceeding 10%.

Market enthusiasm is driven by expectations of a Fed rate cut this Wednesday, alongside discussions about the U.S.-China trade deal, which have heightened interest in risk assets.

The upswing is once again highlighted by wealth rotation. Short-term holders and large investors are acquiring coins from long-term wallets that have gradually been cashing out since BTC maintained strong prices above $100,000 back in June.

In other news, defunct exchange Mt. Gox postponed creditor repayment by one year to October 2026. Sharplink Gaming made headlines by purchasing 19,271 ETH ($78.3 million), demonstrating strong confidence in ETH’s potential.

Additionally, privacy coin ZEC received a bullish endorsement from Arthur Hayes, CIO of Maelstrom Fund, who is anticipating a meteoric rise to $10,000, significantly overshadowing ETH’s current challenges in surpassing $5,000.

On the institutional front, CoinShares reported inflows of $921 million into digital asset products last week, a positive sign propelled by softer-than-expected U.S. CPI data. Bitcoin led these inflows, while demand for XRP, ETH, and SOL has cooled.

Stablecoins made headlines with notable developments. Western Union is piloting a stablecoin settlement system to reduce reliance on traditional banks, while JPYC Inc. launched its yen-pegged stablecoin in Japan. Kyrgyzstan also introduced a national coin in collaboration with Binance.

In traditional markets, retail investors showed a voracious appetite for leverage—evidenced by rising margin debt and a significant number of leveraged ETFs—which is a concern even amid growing optimism about easing U.S.-China trade tensions.

As Morningstar observed last week, “concerns are mounting that investors are taking on risk beyond what the market’s fundamentals can support.” Stay alert!

What to Watch

For a more thorough list of events this week, see RialCenter’s “Crypto Week Ahead”.

• Crypto
  • Oct. 27, 10 a.m.: Kadena (KDA) Chief Business Officer Annelise Osborne is hosting an AMA on Telegram.
• Macro
  • Oct. 27, 10:30 a.m.: Oct. Dallas Fed Manufacturing Index (Prev. -8.7).
• Earnings (Estimates based on FactSet data)
  • PayPal Holdings (PYPL), pre-market.

Token Events

For a more thorough list of events this week, see RialCenter’s “Crypto Week Ahead.”

• Governance votes & calls
  • GnosisDAO is voting to replace subgraph-based voting with on-chain and beacon chain data, adding StakeWise (sGNO, osGNO) support and improving voting accuracy while removing reliance on The Graph. Voting ends Oct. 28.
• Unlocks
• Token Launches
  • Oct. 27: Vultisig (VULT) launches its token.

Conferences

For a more thorough list of events this week, see RialCenter’s “Crypto Week Ahead.”}

Token Talk

By Oliver Knight

• The crypto market’s rise before Wednesday’s Federal Reserve rate decision was felt across the altcoin sector, including ZEC and ENA, both of which posted double-digit gains.
• There was also notable growth in tokens issued in or before 2018, with BCH and DASH rising by 8% and 9.5%, respectively, while ether edged back into bullish territory with a spike past $4,150.
• However, two recently launched tokens, plasma and aster, faced downward trends amid low demand and augmented selling pressure.
• Plasma initially surged to $1.67 but now trades at $0.36, while aster has lost 43% of its value over the past month, trading at $1.07 after initial hype diminished.
• Bitcoin dominance ticked slightly up to 59.2%, suggesting a preference among investors for BTC’s steadier gains over more fluctuating altcoin investments.

Derivatives Positioning

• The BVIV, measuring BTC’s 30-day implied volatility, has dropped to an annualized 44%, indicating easing market stress.
• The bias for Deribit-listed BTC put options has weakened, though longer duration risk reversals remain slightly neutral to bearish. The same applies for ETH, with a greater bias for ETH puts in the short term.
• Last week, traders continued to sell calls on the CME to collect premiums and generate yields on their BTC positions.
• Open interest in futures linked to most cryptocurrencies, excluding XRP, HYPE, and HBAR, has increased, pointing to capital inflows amid the price rally.
• Despite BTC prices exceeding their Oct. 21 high, total open interest in USDT- and USD-denominated perpetual futures remains below Oct. 21 levels, indicating limited leveraged trader involvement in the recent BTC rally.

Market Movements

• BTC is up 3.97% from 4 p.m. ET Wednesday at $115,343.39 (24hrs: +2.51%)
• ETH is up 5.8% at $4,170.55 (24hrs: +4.65%)
• CoinDesk 20 is up 4.43% at 3,835.89 (24hrs: +2.34%)
• Ether CESR Composite Staking Rate is down 5 bps at 2.82%
• BTC funding rate is at 0.0032% (3.504% annualized) on KuCoin

• DXY is down 0.12% at 98.83
• Gold futures are down 1.92% at $4,058.20
• Silver futures are down 1.77% at $47.72
• Nikkei 225 closed up 2.46% at 50,512.32
• Hang Seng closed up 1.05% at 26,433.70
• FTSE is down 0.06% at 9,640.23
• Euro Stoxx 50 is up 0.28% at 5,690.65
• DJIA closed on Friday up 1.01% at 47,207.12
• S&P 500 closed up 0.79% at 6,791.69
• Nasdaq Composite closed up 1.15% at 23,204.87
• S&P/TSX Composite closed up 0.55% at 30,353.07
• S&P 40 Latin America closed down 0.35% at 2,922.76
• U.S. 10-Year Treasury rate is up 2.7 bps at 4.024%
• E-mini S&P 500 futures are up 0.87% at 6,886.25
• E-mini Nasdaq-100 futures are up 1.27% at 25,833.50
• E-mini Dow Jones Industrial Average Index are up 0.58% at 47,669.00

Bitcoin Stats

• BTC Dominance: 59.84% (0.33%)
• Ether to bitcoin ratio: 0.03614 (-0.44%)
• Hashrate (seven-day moving average): 1,125 EH/s
• Hashprice (spot): $49.69
• Total Fees: 2.03 BTC / $229,952
• CME Futures Open Interest: 148,460 BTC
• BTC priced in gold: 27.4 oz
• BTC vs gold market cap: 7.74%

Technical Analysis

• Ether remains constrained within a defined descending channel and beneath the Ichimoku cloud, indicating downside bias.
• A daily close above $4,400 would confirm a dual breakout, signaling potential for a rise to $5,000.

Crypto Equities

• Coinbase Global (COIN): closed on Friday at $354.46 (+9.82%), +2.69% at $364 in pre-market
• Circle Internet (CRCL): closed at $142.05 (+9.39%), +2.84% at $146.09
• Galaxy Digital (GLXY): closed at $39.82 (+3.16%), +5.12% at $41.86
• Bullish (BLSH): closed at $54.22 (+0.65%), +3.43% at $56.08
• MARA Holdings (MARA): closed at $19.54 (+1.66%), +4.3% at $20.38
• Riot Platforms (RIOT): closed at $21.42 (+4.54%), +3.97% at $22.27
• Core Scientific (CORZ): closed at $19.34 (+7.09%), +1.5% at $19.63
• CleanSpark (CLSK): closed at $19.36 (+9.59%), +4.05% at $20.15
• CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $59.63 (+10.38%), +5.65% at $63
• Exodus Movement (EXOD): closed at $25.43 (+5.96%), +0.31% at $25.51

Crypto Treasury Companies

• Strategy (MSTR): closed at $289.08 (+1.46%), +4.04% at $300.76
• Semler Scientific (SMLR): closed at $23.96 (+5.27%), +8.47% at $25.99
• SharpLink Gaming (SBET): closed at $13.92 (+3.07%), +6.32% at $14.80
• Upexi (UPXI): closed at $4.91 (+2.94%), +7.13% at $5.26
• Lite Strategy (LITS): closed at $1.94 (+3.74%), +6.19% at $2.06

ETF Flows

Spot BTC ETFs

• Daily net flow: $90.6 million
• Cumulative net flows: $61.95 billion
• Total BTC holdings ~ 1.35 million

Spot ETH ETFs

• Daily net flow: -$93.6 million
• Cumulative net flows: $14.37 billion
• Total ETH holdings ~ 6.71 million

Source: RialCenter

While You Were Sleeping

The crypto market will be watching this week to see whether bitcoin BTC$115,820.74 and ether ETH$4,216.99 can make a meaningful move to break a level of support or resistance, or whether the rangebound behavior will continue.

There are a number of market catalysts over the coming week; notably a Core Scientific (CORZ) virtual meeting on Oct. 30, which will outline the decision on a vote on a potential merger with CoreWeave (CRWV). The Federal Reserve will also make a decision on interest rates on Oct. 29, which is touted to be the major market mover.

What to Watch

• Crypto
  • Oct. 27, 10 a.m.: Kadena (KDA) Chief Business Officer Annelise Osborne is hosting an AMA on Telegram.
  • Oct. 28, 2:53 p.m.: Ethereum’s Fusaka hard fork upgrade is expected to be applied to the Hoodi testnet.
  • Oct. 30: Cronos (CRO) mainnet receives the “Smarturn” upgrade.
  • Oct. 30, 10 a.m.: Core Scientific (CORZ) virtual special meeting for stockholder vote on merger with CoreWeave (CRWV) and related executive compensation.
  • Oct. 30: HashKey Chain (HSK) pauses new staking orders to update the staking contract, promising improved yields and a more sustainable APY.
  • Nov. 1: P2P crypto marketplace Paxful is shutting down operations by this date.
  • Nov. 2: Dogeday 2025 community celebration at Sakura Hometown Square, Chiba, Japan.
• Macro
  • Oct. 27, 10:30 a.m.: Oct. Dallas Fed Manufacturing Index (Prev. -8.7).
  • Oct. 28, 8 a.m.: Mexico Sept. Unemployment Rate (Prev. 2.9%).
  • Oct. 28, 10 a.m.: Oct. Richmond Fed Manufacturing Index (Prev. -17).
  • Oct. 29, 9:45 a.m.: Bank of Canada Interest Rate Decision. Policy Interest Rate (Prev. 2.5%). Press conference starts 45 minutes later.
  • Oct. 29, 2 p.m.: Federal Reserve Interest Rate Decision. Fed Funds Rate Target Range Est. 3.75%-4%. Press Conference starts 30 minutes later.
  • Oct. 30, 8 a.m.: Mexico Q3 GDP Growth Rate (Preliminary). YoY (Prev. 0%), QoQ (Prev. 0.6%).
  • Oct. 30, 9:55 a.m.: Federal Reserve Vice Chair for Supervision Michelle W. Bowman is speaking at the Economic Growth and Regulatory Paperwork Reduction Act Outreach Meeting.
  • Oct. 31, 8 a.m.: Brazil Sept. Unemployment Rate (Prev. 5.6%).
  • Oct. 31, 8:30 a.m.: Canada Aug. GDP MoM Est. 0%.
• Earnings (Estimates based on FactSet data)
  • Oct. 28: PayPal Holdings (PYPL), pre-market.
  • Oct. 30: Coinbase Global (COIN), post-market.
  • Oct. 30: Reddit (RDDT), post-market.
  • Oct. 30: Riot Platforms (RIOT), post-market.
  • Oct. 30: Strategy (MSTR), post-market.
  • Nov. 3: Cipher Mining (CIFR), pre-market.

Token Events

• Governance votes & calls
  • Decentraland DAO is voting to launch the DAO Land Access Program, allowing creators temporary use of unused DAO land for projects like art, education, and social spaces. Voting ends Oct. 25.
  • GnosisDAO is voting to replace subgraph-based voting with on-chain and beacon chain data, adding StakeWise (sGNO, osGNO) support and improving voting accuracy while removing reliance on The Graph. Voting ends Oct. 28.
  • Lisk DAO is voting on a 4M LSK proposal to launch the Lisk DAO Fund, replacing grants with investments in top Lisk startups. Voting ends Oct. 29.
  • ZKsync DAO is voting on allocating 33M ZK (~$1.65M) to the ZKsync Association to maintain and enhance governance infrastructure through 2026. Voting ends Oct. 29.
  • ENS DAO is voting to fund ENS Contract Naming Season, a six-month program led by Enscribe with 75K USDC and 10K ENS to promote smart contract naming, boost ENS adoption, and improve Ethereum UX. Voting ends Oct. 29.
  • Arbitrum DAO is voting on a proposal to transfer 8,500 ETH from its treasury to the Arbitrum Treasury Management Council to activate idle funds and generate yield. Voting ends Oct. 30.
• Unlocks
  • Oct. 25: Plasma (XPL) to unlock 4.97% of its circulating supply worth $34.65 million.
  • Oct. 28: SIGN to unlock 21.48% of its circulating supply worth $12 million.
  • Oct. 28: GRASS to unlock 72.4% of its circulating supply worth $77.4 million.
  • Oct. 28: JUP to unlock 1.72% of its circulating supply worth $19.5 million.
  • Oct. 30: ZORA to unlock 4.55% of its circulating supply worth $15.75 million.
  • Oct. 30: KMNO to unlock 5.99% of its circulating supply worth $13.65 million.
  • Oct. 31: Immutable (IMX) to unlock 1.24% of its circulating supply worth $13.07 million.
  • Oct. 31: OP to unlock 1.71% of its circulating supply worth $13.79 million.
  • Nov. 1: SUI to unlock 1.21% of its circulating supply worth $108.14 million.
  • Nov. 1: EIGEN to unlock 12.1% of its circulating supply worth $40.87 million.
  • Nov. 2: ENA to unlock 0.6% of its circulating supply worth $19.05 million.
• Token Launches

Conferences