‍Mantle, Bybit, & Backed Launch xStocks: Tokenized U.S. Equities Onchain Mantle, Bybit, and Backed have partnered to launch xStocks, a platform for tokenized U.S. equities on the Mantle Network. This initiative provides 24/7 onchain access to assets like NVDAx and AAPLx, bridging TradFi, CeFi, and DeFi. xStocks tokens are issued by Backed and fully backed 1:1 by underlying securities, with regulated custodians ensuring compliance. Bybit will facilitate deposits and withdrawals via the Mantle Network. Emily Bao of Bybit stated, "Tokenized equities are redefining how traditional markets interact with blockchain technology." David Henderson of Backed added, "Together with Mantle and Bybit, we’re building the onchain economy to not only absorb capital markets but improve them." This collaboration aims to expand Mantle's Real-World Asset (RWA) ecosystem and foster broader adoption of tokenized assets. xStocks are not available in the U.S. or to U.S. citizens.
‍Ethereum Shows Resilience Above $3,000, On-Chain Metrics Signal Support Ethereum (ETH) has demonstrated notable resilience, with its price finding strong support above the $3,000 level following a recent sell-off. This recovery is bolstered by several key on-chain indicators, suggesting potential for continued stability and upward momentum. The Spent Output Profit Ratio (SOPR) has dipped to 0.96, indicating that many investors are realizing losses, a common precursor to market bottoms. Historically, such dips have preceded significant recoveries. Furthermore, Ethereum's network dominance is reinforced by surging fees, which rose 83% week-over-week, significantly outpacing competitors. The supply of ETH on exchanges has also reached a nine-year low, decreasing selling pressure. Technical analysis confirms strong support between $3,000 and $3,150, where the 100-week and 50-week SMAs converge. Analysts suggest this level is a critical stronghold for ETH.
‍Bitcoin ETFs See $240M Inflow, Breaking Outflow Streak U.S. spot Bitcoin ETFs experienced a significant turnaround on Thursday, recording nearly $240 million in net inflows, breaking a six-day streak of outflows. This suggests renewed investor interest, with BlackRock's IBIT leading inflows at $112.4 million, followed by Fidelity's FBTC ($61.6M) and Ark 21Shares' ARKB ($60.4M). Analysts note that this accumulation phase is strengthening as Bitcoin trades around the $100,000 level. Ethereum ETFs also saw inflows. While some experts urge caution about a full trend reversal, the market sentiment is cautiously optimistic.
‍Ripple Forgoes IPO, Secures $500M Strategic Investment Blockchain firm Ripple will not pursue an Initial Public Offering (IPO) despite its legal victory against the SEC. President Monica Long stated the company is "well-capitalized" and has no IPO timeline. Ripple reported strong growth in 2024, doubling its customer base, partly due to the adoption of its RLUSD stablecoin. The company secured a $500 million strategic investment from institutional investors, including Citadel Securities and Pantera Capital. This follows a $1 billion tender offer valuing Ripple at $40 billion.
‍Fomo Secures $17M for Social-First Crypto Trading Apps Fomo has raised $17 million in Series A funding, led by Benchmark, to develop "everything apps" for crypto trading. The platform initially focused on meme coin trading on Solana, emphasizing user experience and social features. The app now allows cross-chain trading and reported $20-$40 million in daily trading volume. This strategy mirrors trends seen in TradFi, with platforms like Robinhood expanding from niche services to broader offerings. Fomo aims to make crypto assets easy to discover and trade, with future plans to encompass all market types.
‍Bybit Alpha Referral Program Launched: Earn Up to 30% Commission Bybit introduces its Alpha Referral program, allowing users to earn up to 30% commission on trading fees from referred friends. This applies to Spot, Derivatives, and the enhanced Bybit Alpha platform. Referrers earn commissions when new users register via their link, deposit at least 100 USDT within seven days, and achieve 500 USDT in trading volume within 30 days. The program aims to foster community growth and reward users for network expansion.
‍Crypto's Incentive Crisis: Bonding Curves Hinder Mainstream Adoption Jake Antifaev, CEO of Thrust, argues that prevailing token launch mechanisms, particularly bonding curves, prioritize speed and insider advantage over long-term commitment. This "extractive" model rewards early "snipers" who use genuine investors as exit liquidity, creating a pump-and-dump cycle. Antifaev stresses that for crypto to mature, it must move beyond treating newcomers as exit liquidity. Sustainable growth requires incentivizing genuine participation over greed. Alternative models like flat-price presales, vesting schedules, and revenue-based team compensation can foster fairness and long-term viability, paving the way for mainstream adoption.
‍Bybit PWM Achieves 16.9% Return Amid Market Turmoil Bybit Private Wealth Management (PWM) reported a 16.94% annual percentage rate (APR) for its top fund in October 2025, defying market volatility. The crypto landscape faced challenges from U.S.-China tariff developments and Big Tech earnings volatility. Despite these headwinds, Bybit PWM's diversified strategies showed strength: USDT-based strategies yielded an average of 11.56% APR, and Bitcoin-based strategies averaged 6.81% APR. This performance underscores Bybit's robust infrastructure and bespoke investment strategies for high-net-worth clients.
‍HYPE Token Sees $21 Million Whale Accumulation Despite Modest Price Dip Two major investors, identified as "whales," have collectively spent over $21 million USDC to acquire HYPE tokens. This significant accumulation occurred despite the investors currently holding minor unrealized losses. Blockchain analytics platform Spot On Chain reported that one wallet, "0x5AE," purchased 285,821 HYPE tokens for $11.21 million USDC at an average price of $39.23. Another investor, "0x152," spent $9.85 million USDC to acquire 249,073 HYPE tokens at $39.54 per token. Analysts interpret these strategic moves as a precursor to a larger investment strategy, indicating strong conviction in HYPE's long-term prospects and fundamental strength, irrespective of short-term price fluctuations.
‍SafeWallet Overhauls Security After Bybit Hack The $1.5 billion Bybit hack, attributed to North Korea's Lazarus Group, exposed vulnerabilities in crypto infrastructure. SafeWallet's systems were compromised via a developer machine, enabling malicious JavaScript injection and manipulation of multisignature processes. Safe CEO Rahul Rumalla described the incident as a "reckoning moment," prompting a complete re-architecture of security layers, including transaction, signer, and infrastructure security. The company aims to balance usability with robust security against evolving threats like social engineering.