Rather than dampening innovation, South Korea is setting the stage for its 
evolution from retail-driven speculation to institution-backed growth.

Korea is about to define DeFi’s next wave | Opinion

Ethereum price failed to bounce back above $3,000 today as investor demand for 
staking the token continues to weaken. Can Ethereum bulls manage to regain 
momentum and push past this crucial level? According to data from crypto.news, 
Ethereum (ETH) rose…

Ethereum price struggles below $3k as staking demand weakens, can bulls regain control?

Paxos strengthens its blockchain infrastructure by acquiring Fordefi, a multi- 
party computation (MPC) wallet technology provider trusted by nearly 300 
global institutions. Paxos has announced the acquisition of Fordefi, a New 
York and Tel Aviv-based institutional-grade custody and wallet technology 
company. The strategic move combines Paxos’ regulated blockchain 
infrastructure expertise with Fordefi’s advanced multi-party computation 
wallet […]

Paxos Acquires Fordefi to Enhance Institutional Crypto Custody Infrastructure

After a few months of ups and downs, the XRP price had fallen below $2 this 
month for the first time in seven months, breaking down toward its yearly 
support of $1.79. While there has been some recovery recently, the momentum 
remains low, and the chances of a sustained recovery decline with each new 
dip. As the altcoin continues to struggle, a market analyst has outlined the 
two major directions that the price could go in, given the bull and bear 
scenarios. The Bull Case For XRP For the XRP price to continue to rise, there 
would need to be some major momentum shift from here. For one, the price will 
first have to break the resistance that lies at $2.12, and then forge forward 
to test further resistance at $2.18. In the event that the altcoin does break 
these resistances with momentum, then crypto analyst Melikatrader believes 
that it could resume its uptrend. Related Reading: CEO Reveals Ripple’s XRP Is 
Driving A JPMorgan Competitor, Is SWIFT Next? For these to happen, however, 
there would need to be a number of developments for the altcoin. The crypto 
analyst outlines three major things that need to happen for the cryptocurrency 
to begin another surge to reclaim the $2.35-$2.45 level. First of these is 
that buyers would need to regain control of the market. Over the last two 
months, it has been a seller&#8217;s market, with each pump being sold off harder 
than the last. Therefore, the only way for a major recovery would be for 
buyers to start being the majority again. Next on the list is the rest of the 
resistances to confirm support. Once the resistances mentioned above are 
broken and turned into support, then the next phase can begin. Last but not 
least is for the XRP price to break out of the descending trendline, with the 
target lying at $2.35-$2.45. Only then will the pump continue. How The Bears 
Can Take Control Just like the bulls, the XRP bears are still very much active 
in the market and could reclaim control of the altcoin. The first thing that 
the crypto analyst points out is that if the price is rejected from the S&amp;D 
zone, failing to reclaim $2.12-$2.18, which means the resistance holds, then 
the price is likely to fall. Related Reading: Analyst Who Predicted Bitcoin 
Price Action With Chinese Astrology Shares When Prices Will Surge In the event 
of this, it would mean a number of things are happening; the first of which is 
that the momentum is moving toward a decline as sellers become the majority. 
Once the suppression begins, then it is likely that the price breaks below $2 
again and dumps back to retest its recent lows of $1.90-$1.92. This, the 
analyst explains, “could lead to new cycle weakness.” Featured image from 
Dall.E, chart from TradingView.com

The Bull And Bear Scenario For XRP That Could Play Out In November

The Bank for International Settlements is advancing major digital currency 
pilots, testing cross-border CBDCs, tokenized deposits and real-time payment 
rails.

Cryptocurrency price in CLP