Binance Traders Pivot to XRP as Bitcoin and Ethereum Open Interest Drops
As Bitcoin and Ethereum face a decline in open interest, traders on Binance are shifting their focus to XRP. This strategic rotation comes amid broader market corrections and renewed speculation about potential spot XRP ETF approvals. Despite a slight dip in XRP's price, the cryptocurrency has shown resilience, attracting bullish positions while BTC and ETH experience de-leveraging pressure. The move highlights growing confidence in XRP's market potential, even as major cryptocurrencies undergo corrections.
Traders Shift Focus to XRP as Bitcoin and Ethereum Open Interest Declines
Derivatives traders are rotating out of Bitcoin and Ethereum, pivoting toward XRP amid broader market corrections. Open-interest data reveals a notable accumulation of XRP positions even as BTC and ETH face de-leveraging pressure.
Binance traders unwound BTC and ETH futures while building bullish exposure to XRP—a MOVE coinciding with renewed speculation about spot XRP ETF approvals. Despite a 2.38% dip, XRP held at $2.22, outperforming BTC's 2.44% drop to $101,404 and ETH's 3.56% slide to $3,356.
The shift underscores divergent market sentiment: fear grips dominant cryptocurrencies while traders exploit XRP's relative strength. "Traders are using these slight dips to add positions, showing conviction," observed CryptoQuant.
Guard Yourself: Cyber Criminals Target Crypto with New Tactics
Cyber criminals continue to exploit the cryptocurrency market with increasingly sophisticated methods. The recent Balancer hack resulted in over $150 million in losses, while smaller platforms like Hyperliquid face growing threats. Decentralized exchanges (DEXs) mimicking centralized platforms have surged in popularity, but this has also attracted malicious actors.
A fake Hyperliquid app on the Google Play Store has duped users into believing they are trading on the legitimate platform. Crypto investigator ZachXBT flagged the scam, noting that standard platform filters failed to detect it. The attacker's address, 0x8c12C21C394D9174c3b1a086A97d2C5523ABb8F5, has been identified, but the counterfeit app remains a risk due to its deceptive appearance.
Changpeng Zhao Denies Deal with Trump Family Over Pardon, Eyes Crypto Industry Growth
Former Binance CEO Changpeng Zhao has dismissed speculation of backroom dealings following his controversial pardon by former U.S. President Donald Trump. In a Fox News interview, Zhao confirmed a single encounter with Eric Trump at a bitcoin conference in Abu Dhabi, emphasizing no substantive discussions occurred regarding Binance or legal matters.
The cryptocurrency pioneer served four months in prison after pleading guilty to compliance failures in 2023. "Taking responsibility was necessary to move forward," Zhao stated, signaling his intent to contribute to U.S. crypto sector development amid improving regulatory clarity.
Trump claimed unfamiliarity with Zhao when questioned about the pardon decision, framing it as part of broader efforts to maintain U.S. competitiveness against nations like China and Japan in cryptocurrency innovation. The former president criticized previous administration's handling of Zhao's case as unnecessarily harsh.
CZ Challenges Peter Schiff on Gold's Verifiability Amid Fort Knox Audit Debate
Binance founder Changpeng Zhao (CZ) reignited the Bitcoin-versus-gold debate with a pointed critique of Gold advocate Peter Schiff. The discussion centers on gold's verifiability challenges, particularly regarding the long-overdue audit of Fort Knox's reserves. CZ's remarks underscore cryptocurrencies' inherent transparency advantages over physical assets.
The exchange highlights a fundamental divide in asset verification methodologies. Where gold requires physical audits and trusted custodians, blockchain-based assets offer real-time, public verification. This frictionless transparency remains a cornerstone of crypto's value proposition against traditional stores of value.
Market observers note the timing coincides with growing institutional interest in Bitcoin as a hedge against monetary inflation. The debate transcends mere asset comparison, touching on broader themes of trust in financial systems and the evolving nature of value storage in the digital age.
Best Crypto to Buy Now: Ethereum and Dogecoin Surge, AlphaPepe Gains Traction
The cryptocurrency market is witnessing a robust altcoin season, with ethereum (ETH) and Dogecoin (DOGE) leading the charge. Ethereum has rebounded to $3,800, buoyed by anticipation of the Fusaka hard fork in November 2025, which promises scalability and efficiency upgrades. Technical analysis suggests a potential rally to $4,400-$4,600 if support at $3,700-$3,800 holds.
Dogecoin, meanwhile, is riding a wave of ETF speculation and heightened whale activity. Its price action reflects growing institutional interest, though the truncated input leaves further details unresolved.
Emerging token AlphaPepe (ALPE) is capturing investor attention with its unique blend of meme culture and tangible utility—live staking, instant token delivery, and rumored Binance listing prospects. The presale has become a focal point for traders seeking high-beta exposure in this evolving market cycle.
Binance Lists Janction’s JCT Token, Expanding Blockchain and AI Integration
Binance will list Janction’s JCT token on its Alpha and Futures platforms starting November 10, marking a significant milestone for the DePIN project. The token, designed to power decentralized AI and cloud computing resources, aligns with the growing convergence of blockchain and artificial intelligence.
Trading for JCT begins at 10:00 UTC, with a JCTUSDT perpetual contract launching at 10:30 UTC. Binance is offering up to 40x leverage on Futures, providing traders with amplified exposure. The listing underscores Janction’s ties to Japan’s JASMY ecosystem and its focus on IoT-driven GPU pooling solutions.
An exclusive airdrop for eligible users further incentivizes participation, redeemable via Binance Alpha Points. The move signals broader institutional recognition of AI-integrated blockchain infrastructure.
