Ripple announces $500M raise at $40 billion valuation

  • Ripple has raised $500 million in new funding round, at a $40 billion valuation.
  • Strategic investment signals strong confidence in XRP and Ripple USD stablecoin.
  • Momentum has seen Ripple close mega deals in 2025.

Ripple, the enterprise blockchain leader in cross-border payments, has secured a landmark $500 million strategic investment, with its valuation at $40 billion.

Led by global investment giants Fortress Investment Group and Citadel Securities, the raise signals investor confidence in Ripple and its expanding role in global finance.

Ripple raises $500 million funding round

On Wednesday, November 5, 2025, as the crypto market grappled with sell-off pressure, Ripple delivered one of the biggest news .

The company announced it had secured $500 million in fresh funding, with the financing round valuing it at $40 billion.

Apart from Fortress Investment Group and Citadel Securities, participation attracted Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.

Overall, this is a funding move that marks one of the largest private financings in the blockchain sector this year.

The raise comes after Ripple’s recent $1 billion tender offer at the same valuation.

Meanwhile, it’s a move that caps what the firm and its leadership have described as the crypto industry giant’s strongest year on record.

Brad Garlinghouse, the chief executive officer of Ripple, described the funding as validation of Ripple’s long-term vision.

“This investment reflects both Ripple’s incredible momentum, and further validation of the market opportunity we’re aggressively pursuing by some of the most trusted financial institutions in the world,” he noted. “We started in 2012 with one use case – payments – and have expanded that success into custody, stablecoins, prime brokerage and corporate treasury, leveraging digital assets like XRP. Today, Ripple stands as the partner for institutions looking to access crypto and blockchain.”

Ripple will tap into the new capital to support key platfom initiatives.

These will include product development, global regulatory engagement, and expansion of Ripple’s liquidity solutions.

Also on card are the company’s stablecoin initiative and custody services.

Ripple continues mega growth trajectory

The capital injection arrives amid a banner stretch for Ripple.

Payment volumes on the XRP Ledger have surged, as has adoption for the firm’s regulated stablecoin, Ripple USD (RLUSD).

Indeed, RLUSD recently surged past a $1 billion market cap.

Elsewhere, Ripple Prime, the institutional brokerage arm born from the acquisition of Hidden Road, is live.

These are only a few of the many milestones in Ripple’s transformation from a remittance-focused startup to a full-stack financial-technology provider.

In the past few months, the company has closed multiple deals, including those valued at $1 billion.

October’s purchase of GTreasury came after the earlier acquisition of Rail as Ripple looked to fortify its stablecoin footprint.

The company has also expanded its US presence with a New York trust charter earlier this year, enabling regulated custody and payment services.

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Monero (XMR) jumps to 5-month high as privacy coins lead surprise market rally

  • Monero price rose 9% to reach to high of $378, the highest level since June.
  • Privacy coins Zcash, Decred also jumped as Bitcoin, Ethereum struggled.
  • The technical picture suggests Monero could rally to a new all-time high amid fresh momentum.

As top cryptocurrencies struggle amid widespread sell-off, Monero (XMR) is among coins seeing a decent uptick.

While Bitcoin hovers below $103,000 and most altcoins are bleeding red, XMR is up 9% in 24 hours on swelling volume.

The catalyst? A resurgent privacy coin sector that has seen Zcash explode amid gains for Dash and Decred, among others.

Monero price climbs 9% to five-month peak

The privacy coin has gained by more than 9% in the past 24 hours to hit levels not seen since early June.

Indeed, XMR traded at highs of $378 on November 5, 2025, having jumped from lows of $326.

Monero is now up 128% in the past year, lagging Zcash at 1,120% but notably outpacing Ethereum’s 36% and Bitcoin’s 49%.

The latest XMR price breakout began in Asian hours on Tuesday when XMR punched through the $337-$346 congestion zone that had capped rallies since June.

Buyers stepped in aggressively at the 50-day EMA above $302 on Oct. 21, turning what looked like a retest into a key support level.

After Monero bulls cleared $350, the rally to $378 was on. This triggered a cascade of short squeezes on perpetual futures platforms, with more than $391,000 in leveraged positions liquidated in the past 24 hours.

Meanwhile, the token’s 24-hour volume spiked 19% to $265 million.

The move has lifted XMR’s market cap to $6.72 billion, ranking it 21st on CoinMarketCap.

Can Monero extend rally to new all-time high?

Technically, the daily chart is screaming continuation. XMR has printed a textbook high at $339 and is now challenging the 0.786 Fibonacci retracement level of the May-August swing at $378.

Monero Price Chart
Monero price chart by TradingView

A decisive close above that level will bring $400 into play and expose the 2021 cycle high of $517.

The daily chart also shows that momentum oscillators are largely bullish.

On the above chart, we can see the daily RSI at  64. While its near the overbought line, its not yet into the territory and could rise further before it hits 70.

Elsewhere, the MACD has the histogram positive and expanding histogram following a bullish crossover.

The signal-line crossover offers early confirmation and any potential catalyst could help XMR price through the $400 psychological barrier.

What’s the XMR price long term picture?

On a long term outlook, Monero is tracing the same pattern that preceded its 2021 parabolic leg: a multi-month base then breakout.

With privacy coins back in the limelight and Monero having survived bearish scenarios before, it looks like the current momentum allows bulls to aim for the ATH and beyond.

However, analysts say crypto could see some choppy trading in the coming months.

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Europe gets its first stablecoin infrastructure ETP as Virtune lists on Nasdaq and Xetra

  • The STABLE ETP is physically backed and rebalanced quarterly via Coinbase Custody.
  • Investors gain exposure to Ethereum, XRP, Solana, Chainlink, Stellar, and Aave.
  • Launch aligns with Europe’s MiCA regulation and Nasdaq’s digital asset strategy.

A Swedish crypto asset manager has launched Europe’s first exchange-traded product (ETP) dedicated to the infrastructure supporting stablecoins, marking a turning point for regulated digital asset investing in the region.

On November 5, Virtune AB listed its Virtune Stablecoin Index ETP on Nasdaq Stockholm, Nasdaq Helsinki, and Deutsche Börse Xetra.

The launch gives investors an opportunity to access the networks driving stablecoin adoption without directly holding the tokens themselves.

The first stablecoin infrastructure ETP in Europe

Trading under the Bloomberg ticker STABLE, the product is designed to capture value from the blockchains and crypto assets that underpin the growing stablecoin ecosystem.

On Nasdaq Stockholm and Helsinki, it trades as STABLE and STABLEE, respectively, while the Xetra listing uses the symbol VRTN.

The ETP is available to both institutional and retail investors through major brokers and banks, including Avanza, Nordnet, SAVR, Scalable Capital, Smartbroker, and Finanzen Zero.

Virtune describes the product as “the first of its kind” in Europe.

Unlike conventional crypto funds that hold stablecoins such as USDC or Tether, the STABLE ETP provides exposure to the blockchains where stablecoins operate.

It is 100% physically backed by digital assets stored securely with Coinbase Custody and is rebalanced quarterly to reflect market shifts.

The ETP carries a 1.95% annual management fee and supports trading in SEK and EUR.

Capturing the growth of the $314.5 billion stablecoin market

The stablecoin sector has grown rapidly over the past year, with financial institutions adopting tokenised money to facilitate round-the-clock settlements and faster cross-border transfers.

According to CoinMarketCap data, the total stablecoin market value stands at about $314.5 billion.

Euro-backed stablecoins, while still small in comparison, have reached a market capitalisation of $609.37 million, as per CoinGecko, led by Circle’s EURC, Stasis Euro, and Societe Generale’s EUR CoinVertible.

This expansion has encouraged European banks to experiment with their own digital currencies.

In September, nine banks, including UniCredit, Banca Sella, DekaBank, and ING, announced plans to launch a MiCA-compliant euro-backed stablecoin.

Virtune’s STABLE ETP arrives amid this momentum, offering investors a regulated avenue to participate in the wider stablecoin ecosystem.

A bridge between traditional finance and digital assets

By focusing on blockchain infrastructure rather than the stablecoins themselves, Virtune’s ETP aims to diversify risk while capturing growth potential from multiple networks.

The index is weighted using the square root of market capitalisation, a method designed to prevent dominance by larger assets and to maintain balanced exposure across the ecosystem.

For investors, the STABLE ETP represents a gateway into crypto infrastructure via a regulated vehicle.

It eliminates the need to manage private keys or digital wallets while still providing participation in the networks driving stablecoin use in payments, banking, and commerce.

The ETP also aligns with Nasdaq’s broader strategy to expand its range of digital asset products within a transparent regulatory framework.

Helena Wedin, Head of ETF and ETP Services for European Markets at Nasdaq, said the exchange’s goal is to encourage innovation in a secure marketplace.

The listing of Virtune’s product, she noted, highlights the growing maturity of the ETP sector and its importance in linking traditional investors to blockchain-based opportunities.

What Virtune’s launch signals for Europe

The introduction of STABLE marks a significant milestone for European digital asset markets, which are now operating under the new MiCA regulation.

It underscores a shift from speculative crypto products toward infrastructure-focused investments that mirror the real-world utility of blockchain technology.

By packaging stablecoin infrastructure into a regulated exchange-traded product, Virtune has provided a blueprint for how digital assets can coexist with mainstream financial systems.

As more financial institutions explore tokenised money and on-chain settlements, products such as the Virtune Stablecoin Index ETP could serve as benchmarks for future innovation.

In a market driven by efficiency, transparency, and accessibility, Virtune’s launch demonstrates how Europe’s financial ecosystem is evolving to embrace the technology powering the next generation of digital finance.

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Aster price outlook: can bulls hold $1 and target fresh rally?

  • Aster price jumped above $1 on November 5, 2025, defying the broader crypto market trend.
  • Bulls could eye $2 if the price holds above the psychological level.
  • The macro environment may play a key role in Aster’s price recovery or dump.

ASTER, the decentralized perpetual and spot trading exchange, Aster’s native token, is up double digits to currently hover above $1.

This is even as the broader crypto market battles widespread sell-off pressure amid a 3% decrease in global cryptocurrency market capitalisation.

Notably, ASTER price has jumped by more than 15% to intraday highs of $1.06, with bulls reclaiming the psychological $1 mark amid a 17% spike in daily volume.

Bulls take charge as Aster price reclaims $1 level

The gains see the DEX platform’s native token buck the trend across the broader market.

A crypto rout in the past 48 hours saw Bitcoin crash to below $100K, and over $1.7 billion leveraged positions liquidated in 24 hours.

But Aster’s market cap is up 15% to over $2.07 billion as of the time of writing.

Aster’s surge despite the broader weakness follows the recent vertical swing that had bulls jumping from lows of $0.91 to above $1.24 on November 2, 2025.

While bears recouped the advantage, that price swing benefited from an uplifting sentiment tied to Binance founder Changpeng Zhao’s purchase of 2.09 million ASTER tokens.

Zhao’s post catalysed a bullish flip that sent the Aster price soaring, with daily volume popping tenfold as buying pressure mounted.

However, that upside momentum hit the rocks as cryptocurrencies plummeted alongside stocks amid macro headwinds.

Crypto exploits across decentralized finance did not help bulls, and ASTER price sank to lows of $0.83 on Nov. 4.

Is ASTER poised for a retest of $2?

As noted, this altcoin’s price fell to lows of $0.83 this week, with this also a key support zone as seen when prices plunged in late October.

Decline in sentiment as Bitcoin and Ethereum suffered amid a crypto bloodbath threatened a breakdown to $0.75.

However, bulls have recouped the recent losses and are back above $1, a key level that buyers have retested in the past 24 hours.

Gains have come amid a 12% spike in daily volume, with $1.56 billion traded in the past day as heightened buying helps ASTER hold above the psychological level.

On the charts, price remains in a downtrend. Have a look below.

Aster Price Chart
Aster price chart by TradingView

Yet the breakout from a falling wedge pattern and strength on retest suggest bulls may have a short-term shot of targeting $1.55.

This area marked a local top in mid-October, and above it lies the $2 mark.

While the relative strength index is slightly sloped near 52, it remains above the neutral mark.

Similarly, the MACD indicator on the 4-hour chart signals a bullish crossover.

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Bitcoin and Ether ETFs record fifth consecutive day of outflows as crypto prices remain under pressure

  • Bitcoin and Ether ETFs record fifth consecutive day of outflows.

  • Solana funds attract inflows despite broader crypto market weakness.

  • Bitcoin stabilises near $100,000 after a sharp correction earlier this week.

Spot Bitcoin and Ether exchange-traded funds (ETFs) saw significant capital withdrawals on Tuesday, marking their fifth consecutive day of outflows.

The losses came even as Solana-linked funds continued to attract investor inflows, extending their streak to six days.

According to data from Farside Investors, spot Bitcoin ETFs recorded $566 million in net outflows—their largest single-day withdrawal since mid-October.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Total
04 Nov 2025 0.0 (356.6) (7.1) (128.1) 0.0 (8.7) 0.0 (17.0) 0.0 (48.9) 0.0 (566.4)
03 Nov 2025 (186.5) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (186.5)
31 Oct 2025 (149.3) (12.0) (17.9) (19.3) 0.0 0.0 0.0 0.0 0.0 6.9 0.0 (191.6)
30 Oct 2025 (290.9) (46.5) (55.1) (65.6) (8.0) 0.0 0.0 (3.8) 0.0 (10.0) (8.5) (488.4)
29 Oct 2025 (88.1) (164.4) (6.0) (143.8) 0.0 0.0 0.0 0.0 0.0 (65.0) (3.4) (470.7)
Data from Farside Investors.

ARKB and Fidelity’s FBTC led the redemptions, reflecting sustained selling pressure following last week’s market correction.

Ether ETFs followed a similar trajectory, posting $219 million in net outflows on Tuesday.

Fidelity’s FETH and BlackRock’s ETHA products accounted for the majority of redemptions.

The five-day withdrawal streak has now drained nearly $1 billion from Ether-linked ETFs since late October, underscoring waning investor sentiment toward the asset amid persistent volatility.

Solana defies market gloom

In contrast, Solana funds continued to post gains. Spot Solana ETFs saw $14.83 million in net inflows on Tuesday, marking their sixth straight day of positive capital movement.

Bitwise’s BSOL and Grayscale’s GSOL each contributed to the increase.

The steady inflows suggest institutional traders are rotating funds into Solana-based products, which have gained traction as yield-bearing alternatives within the digital asset market.

The positive momentum stands out amid an otherwise bearish environment for major cryptocurrencies and related investment products.

Crypto prices show signs of stabilisation

After sharp declines earlier in the week, top cryptocurrencies appear to be stabilising.

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) were consolidating near key support levels on Wednesday, as traders reassessed positions following heightened volatility.

Bitcoin price faced rejection around a broken trendline on Monday and dropped 8.18% by Tuesday, retesting the 50% retracement level at $100,353.

As of Wednesday, BTC was holding slightly above $102,000, suggesting potential recovery if the $100,353 level continues to act as strong support.

Ethereum also mirrored the broader recovery trend. The asset fell 15.73% after facing resistance at the 100-day exponential moving average (EMA) of $3,928 earlier in the week.

By Wednesday, ETH had rebounded after retesting the 50% retracement level at $3,171. If this support holds, analysts expect a possible move toward the 61.8% Fibonacci retracement level near $3,593.

While the recent correction has dampened momentum across the crypto market, stabilising prices and selective fund inflows into Solana suggest that investor sentiment remains cautiously constructive in certain segments of the digital asset space.

 

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