XRP Drops Near $2 as Bitcoin Pullback Hits Altcoins

XRP has plunged approximately 14% to $2.2, caught in the downdraft of Bitcoin’s retreat toward the $101,000 support level. This sharp decline, part of a broader crypto market loss of $350 billion between November 3-4, has analysts like Coach JV framing potential further drops below $2 as strategic accumulation opportunities for disciplined investors rather than catastrophes.

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Web3: The Decentralized Internet Revolution Explained

Web3 represents the next evolution of the internet, built on decentralized blockchain technology where users own and control their digital experiences. This paradigm shift moves beyond the centralized models of Web 2.0, empowering users through token-based ownership and governance. The emergence of Web3 marks a fundamental transformation in how we interact with digital platforms and assets.

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Robinhood Q3 Earnings Soar on Crypto & Prediction Markets

Robinhood’s third-quarter earnings reveal explosive growth in prediction markets and crypto trading, driving record revenues and positioning the trading platform for international expansion. With revenue doubling year-over-year to $1.27 billion and prediction market volumes reaching unprecedented levels, the company is demonstrating the power of its diversified approach to financial innovation.

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Spanish Institute Sells $10M Bitcoin Stash for Quantum Research

A Spanish public research institute is liquidating a forgotten Bitcoin investment that has grown from $10,000 to over $10 million in just thirteen years. The Institute of Technology and Renewable Energies (ITER), overseen by the Tenerife Island Council, acquired 97 BTC in 2012 for blockchain research and is now selling the digital assets to fund cutting-edge quantum computing projects, demonstrating how early cryptocurrency investments are yielding massive returns for scientific advancement.

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Bitcoin Tests Key $102K Support, 60% Drop Risk Looms

Bitcoin is testing a critical technical level that has historically preceded major market corrections, with the 50-week simple moving average near $102,000 serving as a crucial support line in previous cycles. As the cryptocurrency trades at $103,000 with a 7% weekly decline, analysts warn that a confirmed breakdown below this key level could trigger significant downside risk based on historical patterns that have resulted in average 60% price drops.

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Dogecoin Momentum Fuels Maxi Doge Presale Success

As Dogecoin consolidates around the $0.16 level, creating a solid momentum base, the resulting market confidence is spilling over into newer meme coin projects. Maxi Doge’s presale has capitalized on this trend, raising $3.9 million while offering immediate staking utility that distinguishes it from purely speculative predecessors. This development illustrates how established meme coins can drive interest in emerging tokens that combine viral potential with tangible functionality.

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Coinbase, Banks Clash Over Stablecoin Interest Rules

The US Treasury faces conflicting demands from crypto firms and traditional banks regarding stablecoin interest payments under the GENIUS Act. Coinbase argues for limited restrictions while banking groups push for a comprehensive ban. This regulatory battle highlights the ongoing tension between innovation and traditional financial oversight.

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Polymarket ETH Price Prediction Market Explained

Polymarket has launched a new prediction market that enables participants to speculate on Ethereum’s price direction using Chainlink’s oracle data as the definitive settlement mechanism. This market resolves to ‘Up’ if ETH’s closing price equals or exceeds its opening price during a specified timeframe, and ‘Down’ if it falls below, creating a transparent, oracle-based approach to crypto price speculation that bypasses traditional exchange data sources.

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Galaxy Digital Cuts Bitcoin 2025 Target to $120,000

Galaxy Digital has dramatically lowered its Bitcoin price forecast for 2025, slashing its year-end target from $185,000 to $120,000 in a significant reassessment of market dynamics. The firm’s head of research, Alex Thorn, attributes this 35% reduction to cyclical headwinds including institutional distribution patterns, leverage wipeouts, and capital rotation into competing assets. While maintaining Bitcoin’s structural investment case remains strong, Galaxy now characterizes the cryptocurrency as entering a ‘maturity era’ dominated by institutional flows and lower volatility.

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Prediction Markets Signal Doubt on Trump Tariff Powers

Prediction markets are flashing warning signs about President Trump’s tariff authority as traders dramatically reduce bets favoring a Supreme Court ruling in his favor. Both regulated platform Kalshi and crypto-native Polymarket show confidence collapsing following recent legal developments, with traders now assigning less than 30% probability that the Court will uphold Trump’s sweeping tariff powers.

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