TRUMP token surges 30% after USD1 stablecoin expands multi-chain
The token TRUMP recently surged by nearly 28% after the stablecoin USD1 (issued by World Liberty Fi) announced its multi-chain expansion onto the Enso blockchain.
The rally for TRUMP marked one of its strongest performances of the year, with its price climbing to around US $7.96, a one-month high.
The backdrop to the move is USD1’s shift from being predominantly on the BNB Smart Chain (about 80 % of its supply) toward adding Enso, which is intended to facilitate smoother cross-chain activity, improved liquidity pools and broader DeFi interoperability.
Prior to this, USD1’s supply was spread across Ethereum (~10 %), Solana (~6.8 %) and smaller allocations on TRON and Aptos.
Investor behaviour around the time of the announcement suggests large players (“whales”) began accumulating TRUMP ahead of public news. On-chain metrics show one wallet acquiring approximately US $4 million of TRUMP in a weekend, and trading volumes spiked especially on Binance, the exchange with the largest TRUMP presence.
This pattern raised questions about possible early awareness among large investors: “The timing of TRUMP’s rally…began to accelerate before the USD1 announcement became public.”
Looking ahead, the article argues that TRUMP’s resurgence is not just a speculative spike, but may reflect renewed investor confidence in its role within the USD1 ecosystem. With over 629,000 holders and growing on-chain activity, TRUMP may increasingly become integrated as part of governance and liquidity mechanisms for USD1 rather than a purely speculative asset.
If USD1 continues its multi-chain expansion, TRUMP could benefit from that infrastructure development as demand grows for tokens that support stablecoin networks.
However, the article also cautions that despite the recent rebound, TRUMP remains significantly below its earlier peak this year, so while sentiment is improving, risk remains. Finally, the piece includes a standard disclaimer that it is for educational purposes only and does not constitute investment advice.
Source: Coindoo
Bitcoin too expensive for retail, threatening bull-market cycle
According to a report by 10x Research, Bitcoin (BTC) has reached a price level where it is becoming increasingly inaccessible for average retail investors, which could threaten the sustainability of the current bull-market cycle. The firm argues that while many expect Bitcoin to follow the four-year cycle seen in previous phases, applying that model to an asset only 16 years old is “highly questionable.”
10x Research highlights the problem of diminishing returns from Bitcoin: as the price rises, the proportionate upside from prior levels shrinks, making sizable new gains harder to achieve. This dynamic, combined with higher entry prices, leads to fewer retail investors able or willing to participate. The report suggests that if retail interest wanes, the extension of the bull-cycle past its traditional end point becomes less likely.
The firm’s analysis offers a relatively modest price target compared to some more optimistic models: 10x expects Bitcoin to top out near US $125,000 by the end of this cycle, a figure well below predictions such as the often-cited US $1 million target derived from the stock-to-flow model. Meanwhile, other institutions remain bullish: for example, Standard Chartered’s digital assets research head projected ~$200,000 for year-end 2025.
Additionally, data from Nansen shows that “smart money” traders — large holders whose behaviour is tracked on-chain — are increasing their exposure to Bitcoin, even as retail participation faces headwinds. This discrepancy suggests a market environment increasingly driven by institutional and seasoned investors rather than broad retail momentum.
In conclusion, the report underscores the risk that this cycle may diverge from past patterns: higher price thresholds reduce retail engagement, diminishing one of the propulsive forces behind earlier bull phases. While Bitcoin may continue to rise, the underlying dynamics are shifting, and expectations built on previous cycles could be overly optimistic.
Source: Cointelegraph
Ethzilla sells $40m Ether to fund $250m share buyback plan
The publicly traded company ETHZilla Corporation (NASDAQ: ETHZ), which operates as an Ethereum-focused digital-asset treasury vehicle, has sold approximately US $40 million worth of its ether (ETH) holdings. The proceeds will be used to fund a broader up to US $250 million stock repurchase (buyback) programme authorised by its board in August 2025.
The sale occurred around 24 October 2025, and since then ETHZilla has repurchased about 600,000 shares at a cost of roughly US $12 million.
According to the company, the buyback strategy is intended to address the fact that the company’s shares have been trading at a significant discount to their net asset value (NAV) — meaning the market value of its holdings (chiefly ETH) is higher than the stock market assigns to ETHZ.
Chairman and CEO McAndrew Rudisill stated that ETHZilla will continue selling ETH and repurchasing shares as long as the discount persists, with the goal of reducing share count, limiting stock-loan/borrow activity, and boosting NAV per share. After the sale, the company still holds approximately US $400 million in ether on its balance sheet in support of its treasury strategy.
The move occurs in the context of broader pressure on crypto-treasury firms: many publicly-traded companies that hold digital assets are confronted with market valuations that lag the value of their crypto-holdings. ETHZilla’s action highlights that trend. The stock reacted positively: shares rose approximately 14.5% on the announcement and added further gains in after-hours trading.
For investors this signals that ETHZilla is taking active capital-management steps to unlock value, rather than passively holding its asset portfolio. However, the strategy carries risk: if ETHZilla sells its ETH holdings at inopportune times, or if market conditions remain weak, the expected NAV normalisation may not materialise. Also, the company’s business model still remains reliant on crypto markets and the appetite of investors to bridge DeFi-assets and public markets.
Source: The Block