Ripple Labs is already a significant XRP holder, with its market report from 
earlier this year revealing it had 4.5 billion tokens in its stash, with 
another 37 billion locked in escrow.

Ripple seeks to buy $1 billion XRP tokens for new treasury: Report

BitMine’s Tom Lee says that Ethereum will eventually flip Bitcoin’s market 
cap, which is almost five times smaller currently.

‘Ethereum could flip Bitcoin’ like Wall Street flipped gold: Tom Lee

VanEck&#8217;s Lido staked Ethereum ETF and 21Shares’ leveraged Hyperliquid fund 
were among the ETFs that reached the SEC&#8217;s desk this week amid a government 
shutdown.

‘ETFtober’ gets bigger, more than 5 new crypto ETFs filed this week

Ethereum (ETH) may be nearing the end of its price correction, as the second- 
largest cryptocurrency by market cap continues to trade slightly above $4,000, 
following a strong sell-off last week when it almost crashed to $3,400. 
Ethereum Price Correction May Be Over According to a CryptoQuant Quicktake 
post by contributor PelinayPA, Ethereum funding rates on Binance crypto 
exchange have remained positive, despite being in a narrow range. This shows 
that long positions on ETH still dominate the market. Related Reading: Bitcoin 
Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means 
For Price? ETH funding rates fluctuating normally on Binance &#8211; despite the 
digital asset’s recent extraordinary price appreciation &#8211; implies that futures 
traders are not exhibiting greed or euphoria, typically associated with the 
mid-phase of a healthy uptrend. For example, during the 2021-22 bull cycle, 
ETH funding rates often surged to 0.1% to 0.2%, aligning with local market 
tops. At present, these funding rates are hovering around 0.01% to 0.03%, 
implying that the market has not reached overheated levels just yet. In 
addition, the absence of negative funding rates confirms a decline in short 
positioning, and elevated risk appetite among investors. The CryptoQuant 
analyst added: The overall trend remains upward. Low funding rates combined 
with strong price momentum suggest that the correction is likely complete. In 
the short term, minor profit-taking or sideways consolidation between 
$3,600–$3,800 would be natural. If funding rates gradually rise above 0.05%, 
it could signal overcrowded longs and trigger a short term pullback. The 
current combination of moderate levels of leverage and gradually rising spot 
demand hints toward a potential ETH rally, eyeing the $4,500 to $5,000 range 
in the long term. The price target could be even higher with a favorable 
derivatives structure and funding dynamics. That said, a sharp increase in 
funding rates could be seen as an early warning of another price pullback for 
the cryptocurrency. However, ETH’s market structure still supports a potential 
surge to $6,800 by the end of 2025, the analyst concluded. ETH Ready For New 
Highs? Several indicators point toward ETH looking to resume its bullish 
momentum. For instance, ETH’s Spent Output Profit Ratio (SOPR) trend recently 
hinted toward the digital asset rising to $5,000 in the near term. Related 
Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open 
Interest Further, ETH exchange reserves continue to tumble at a rapid pace. 
Recent exchange data shows that ETH reserves on exchanges have hit a multi- 
year low, raising the possibility of an impending “supply crunch” for the 
cryptocurrency. That said, there are several other factors that may fuel 
another sell-off in ETH, pushing its price again below $4,000. At press time, 
ETH trades at $4,053, up 0.2% in the past 24 hours. Featured image from 
Unsplash, charts from CryptoQuant and TradingView.com

Ethereum Correction Over? Binance Funding Rates Signal ETH Surging To $6,800

Ripple Labs is reportedly looking to raise at least $1 billion to fund an XRP 
accumulation strategy by establishing a digital-asset treasury. Sources 
familiar with the development have told Bloomberg that the fundraise would be 
executed via a special purpose…

Cryptocurrency price in SEK