SUI Slides as $116M DeFi Exploit Rattles Crypto Markets

XRP is currently experiencing a bearish trend as its price drops to $2.25, down 1.8% in the last 24 hours, despite a surge in decentralized exchange (DEX) volume. This divergence between rising on-chain activity and falling prices has traders on high alert, closely monitoring key support levels. Understanding this situation is crucial for investors as it highlights the volatility and uncertainty in the cryptocurrency market, which can significantly impact trading strategies.

XRP is experiencing a decline, currently trading below $2.30 and showing bearish signs. With resistance at $2.250 and a risk of further losses below $2.120, traders are closely monitoring the situation. A recovery could be possible if XRP stays above $2.150.

Berachain Foundation has successfully recovered $12.8 million that was lost during the Balancer V2 exploit on November 3. This remarkable recovery is one of the few instances of full restitution following a significant decentralized finance hack in 2025.

Cardano is in the spotlight again as its price has dropped below $0.57, raising concerns about network activity and investor confidence. Co-founder Charles Hoskinson was reported to have blamed the community for the decline in DeFi activity, but he has since clarified that those claims misrepresent his views.

Bitcoin has fallen below the $105,000 mark, raising concerns in the market as selling pressure intensifies. This decline occurs amid increasing volatility and wavering confidence among traders, who are preparing for potential further losses. However, an important on-chain indicator hints at a significant liquidity shift that could impact the market.

In the world of Bitcoin trading, institutional traders are strategically targeting low-volume zones to maximize profits. By focusing on these under-traded areas, they can operate with less competition and take advantage of market gaps, showcasing a different approach compared to traditional trading methods.

HBAR has dropped 4.2% to $0.173 as the excitement around ETFs fades. Heavy technical selling has overshadowed the earlier gains, with traders focusing more on short-term chart signals rather than long-term optimism.

This week, the crypto world faced a setback as Moonwell DeFi lost $1 million due to a flaw in Chainlink, following a significant hack that drained over $128 million from various DeFi protocols. The recent events have left investors cautious, contributing to a slump in crypto prices, including the WELL token, which has hit its lowest point since 2025.

Bitcoin's price took a significant hit, dropping below $99,000 for the first time since June, before slightly recovering to around $101,700. This sharp decline of about 6% highlights the volatility in the cryptocurrency market, especially as US equities show mixed performance. Understanding these fluctuations is crucial for investors as they navigate the unpredictable landscape of digital currencies.

The price of Internet Computer (ICP) has recently broken through a descending trendline resistance, signaling a potential upward movement towards $10 in the near future. This development is significant as it suggests a shift in market sentiment and could attract more investors looking for growth opportunities in the cryptocurrency space.

Solana ETFs are on a remarkable winning streak, pulling in fresh investments for six consecutive days, even as Bitcoin and Ether funds struggle with significant redemptions totaling nearly $800 million. This trend highlights a growing interest in Solana, suggesting that investors are looking for alternatives in the cryptocurrency market. The influx of 'curious capital' into Solana indicates a shift in investor sentiment and could signal a new phase of growth for this blockchain platform, making it an important development in the evolving landscape of digital assets.

Jack Yi, the founder of Liquid Capital, has highlighted three promising projects in the blockchain space that he believes will stand the test of time. By mentioning Ethereum, BNB, and Aster, Yi is pointing to innovations that could reshape the industry. This insight is significant for investors and enthusiasts alike, as it provides a glimpse into potential future trends and opportunities in the ever-evolving world of cryptocurrency.

Senator Cynthia Lummis has proposed that Bitcoin could be the key to addressing the staggering $37 trillion U.S. national debt. By advocating for a Strategic Bitcoin Reserve, she emphasizes the potential of cryptocurrency to reshape America's financial landscape. This perspective is significant as it highlights a growing acceptance of digital currencies in mainstream economic discussions, suggesting that innovative solutions may be necessary to tackle national financial challenges.

Former NRL star Trent Merrin has been arrested in Australia for allegedly stealing AUD $140,000 worth of cryptocurrency through deceptive means. This incident raises concerns about trust in the sports community and highlights the growing issue of cryptocurrency theft, which can have serious implications for both victims and the integrity of the sport.