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Just over a year after its launch, ApeChain’s TVL has dropped over 80%, and only three of its nearly 30 protocols generate any revenue. ApeChain, the Yuga Labs-backed Layer 3 network built for the ApeCoin ecosystem, celebrated its first anniversary last month. After a brief rise in on-chain value and activity, ApeChain has been mostly in decline since its launch, while its native token ApeCoin (APE) has also struggled to regain its NFT-era highs. When it launched at ApeFest in Hong Kong on Oct. 20 last year, the project promised a variety of features such as fast transactions, non-fungible token…

The creator behind the Ethereum layer-2 network ZKsync has unveiled a proposal to transform its $ZK token from a governance instrument into a token with real economic utility.A new proposal, “From Governance to Utility: ZK Token Proposal, Part I,” published Tuesday by Alex Gluchowski in the ZKsync community forum, outlines how network usage and enterprise licensing could directly feed value back into the token’s economy.The move could shift how ZKsync’s ecosystem will generate and distribute value. Instead of $ZK functioning purely as a governance token, the proposal would make network activity, like interoperability and enterprise use, directly influence its economy.The…

Acquisition extends the footprint of the Saudi company into Latin AmericaRIYADH, SAUDI ARABIA AND SAN FRANCISCO, CA / ACCESS Newswire / November 3, 2025 / WakeCap, the sensor-powered project intelligence and controls platform trusted by the world’s most complex construction and oil and gas projects, announces its acquisition of Trackfy, a workforce safety and operational solution for industrial companies. The acquisition underscores the Saudi company’s commitment to expanding its global reach, diversifying product capabilities, and deepening customer relationships across the construction and industrial lifecycle.WakeCap and Trackfy signing the dealLeft to Right: Di-Ann Eisnor (President of WakeCap), Dr. Hassan Albalawi (CEO…

In brief U.S. Bitcoin ETFs had $946 million in outflows last week, with iShares Bitcoin Trust losing $400 million. Solana ETFs attracted $421 million in new investments, driven by recently launched U.S.-based funds. Total digital asset fund outflows reached $360 million as investors reacted to U.S. central bank Chair Jerome Powell’s cautious stance on December rate cuts. U.S. Bitcoin exchange-traded funds bore the brunt of institutional outflows last week, accounting for $946 million worth of withdrawals, according to a new report from digital asset manager CoinShares.iShares Bitcoin Trust (IBIT) shed approximately $400 million last week, the most among the 11…

Stellar (XLM) bounced to $0.285 on Tuesday following a sell-off, with trading volumes running 11.18% above the 30-day average as smart contract activity on the network surged 700%. The rebound marked a clear break from recent consolidation, signaling renewed participation from selective institutional flows.Despite the rebound, XLM underperformed the broader crypto market (CD5) by 2.10%, reflecting network-specific headwinds even as sector sentiment improved. Traders highlighted Stellar’s $5.4 billion real-world asset tokenization milestone as evidence of growing network utility, though the muted relative strength hinted at cautious rather than exuberant buying.A brief capitulation between 15:27 and 15:31 UTC saw XLM plunge…

SUI, the native token of the Sui network, plunged 9% to $2.10 over the past 24 hours, sharply underperforming the broader crypto market during a sector-wide selloff.The token’s 4.89% lag behind the crypto market suggests the move wasn’t just about market weakness but that it was SUI-specific.The selloff carried the hallmarks of institutional liquidation. Prices dropped from $2.32 to test critical support, with trading volume surging 53% above the 7-day average. The spike in activity points to large-block repositioning, not a retail-driven panic.At the core of the move was a decisive breakdown at $2.16. SUI dropped through that level on…

Chainlink’s LINK token fell 10% on Monday, plunging to its weakest price since the October 10 flash crash breaking down key support levels. Trading activity spiked 674% above the 24-hour average at the height of the breakdown, with over 12 million LINK changing hands as the token dropped from $16.21 to $15.02 in under 30 minutes, CoinDesk Research’s technical model said.The token underperformed the CoinDesk 5 index by more than 5.8%, signaling technical weakness amid heavy volume.The CoinDesk Research model pointed to a failed breakout earlier in the week and lack of fresh catalysts as reasons for the move. LINK…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple’s Chief Technology Officer, David Schwartz, has clarified that XRP’s core purpose is to give individuals direct control over their money. In a recent post on the social media platform X, Schwartz highlights how XRP is not intended to replace banks but rather facilitates the free movement of value without centralized control or intermediaries. Ripple CTO Clarifies XRP’s Use In the X post, David Schwartz explains that XRP aims to change how value moves. The digital asset allows individuals to act as their own bank by sending…

Zach Anderson Nov 02, 2025 16:24 Dash (DASH) experiences a parabolic rise, hitting its highest level since May 2022, driven by increased demand for privacy tokens and strategic market movements. Dash (DASH) has experienced a significant price surge, reaching its highest point since May 2022. This upward trend is largely attributed to the growing demand for privacy-centric cryptocurrencies, according to CoinMarketCap. Market Dynamics and Price Surge Over recent days, Dash’s value has escalated dramatically, with the token’s price climbing to $92. This marks a substantial increase from its year-to-date low of $18. Consequently,…

In a 2-1 decision issued today, the Tenth Circuit affirmed the denial of a Federal Reserve master account to Custodia Bank, the Wyoming-chartered Special Purpose Depository Institution (SPDI) that has become the test case for crypto-native banking. The panel upheld the district court across the board and left Reserve Banks with broad (and potentially unreviewable, in the words of the dissent) discretion over access. Master accounts are the keys to the fiat kingdom. They’re the ledger entries that let institutions clear and settle directly at the Fed; without one, a “bank” is functionally just a vault dependent on fickle intermediaries…