Home Blog Page 1135

Ripple-linked token falls 7% as bitcoin tumbles

0

XRP sold off sharply as broader crypto weakness triggered a wave of long liquidations, forcing price below a key support level before buyers tentatively stepped in near $1.74.

News Background

  • XRP fell alongside a broader crypto selloff, with bitcoin-led weakness pressuring high-beta tokens.
  • The move was driven by positioning rather than token-specific news, as leveraged longs were forced out once key support levels failed.
  • Derivatives data showed more than $70 million in XRP futures liquidations, overwhelmingly from long positions, suggestive of how crowded positioning amplified the downside once selling accelerated.

Price Action Summary

  • XRP dropped about 6.7%, falling from $1.88 to $1.75
  • Support near $1.79 failed during the selloff
  • Volume surged sharply during the breakdown, signaling forced selling
  • Price stabilized in a narrow $1.74–$1.76 range late in the session

Technical Analysis

  • XRP broke decisively below $1.79, triggering a liquidation-driven cascade that pushed price to a session low near $1.74.
  • The breakdown occurred on exceptional volume, confirming institutional participation rather than a low-liquidity slide.
  • A modest rebound followed, but recovery attempts stalled below $1.76, and volume faded on the bounce — a sign stabilization, not reversal.
  • Former support between $1.79 and $1.82 has now flipped into resistance, capping upside unless reclaimed with conviction.

What traders say is next?

  • Traders see $1.74–$1.75 as the immediate line in the sand.
  • If $1.74 holds, XRP may continue consolidating as liquidation pressure eases — but bulls need a reclaim of $1.79, and ultimately $1.82, to shift structure back toward neutral.
  • If $1.74 breaks, downside risk opens toward $1.72 and $1.70, with momentum likely to build as remaining support gives way.
  • For now, XRP remains liquidation-sensitive and tightly correlated to bitcoin, with technical levels — not headlines — dictating direction.

Iranians tap decentralised networks to reveal depths of chaos as thousands revolt — ‘Living in hell’ – DL News

0

  • Iran has been living through an internet blackout since early January.
  • Resourceful individuals have turned to decentralised technologies to reach the outside world.
  • The theocratic regime has cracked down violently on its citizens.

During a brief window of connectivity amid Iran’s crushing internet blackout this month, Darius manages to share a brief update via Telegram.

“They are afraid of the videos from protestors uploaded to the internet, so they turned off all street lights,” he shared on January 14 with the Persian-speaking Sentinel community, where he has been a long-time member.

“People are walking with smartphone lights. Nothing is good at all. They break North Korea records in censorship.”

That was roughly a week after violent protests erupted in the country after the collapse of the rial, Iran’s national currency.

Since then, Darius has been rotating through a range of internet routing tools, including Sentinel’s decentralised virtual private network, to continue circumventing the government’s strict communication blackout.

One option he has relied on is OpenVPN, a widely used tool that masks a user’s IP address. Another is Shadowsocks, which operates over the SOCKS5 protocol and disguises internet traffic as random data.

Darius has also used V2Ray, a tool that piggybacks on the security certificates of legitimate websites to conceal a user’s identity.

In exclusive messages shared with DL News, he explains what life has been like for a citizenry living in near total darkness under a violent regime.

“We are living in hell without internet, without money, without media, without any supporting [sic],” Darius, whose name has been changed to protect their identity, wrote on January 14.

“We need support. People can’t fight with empty hands. They kill us with shotgun and AK-47 [sic].”

Digital iron curtain

In response to ongoing protests that began in December and have spread far beyond the country’s capital, Tehran, the government executed one of its harshest communications blackouts in the regime’s nearly 50-year history on January 8.

The reason is two-fold, according to Adam Burns, co-founder of the Internet Society of Australia.

“It’s standard comms intelligence of just shutting it down primarily to prevent protests at an organisational level and publicity at an international level,” he told DL News.

“It’s risk management, really.”

During that time, decentralised networks and obfuscation tools have proven vital lifelines for the population.

Reports suggest that as much as 90% of the Iranian population has already used some form of circumvention tool to reach the wider world since last August.

These types of networks are typically more resilient than centralised ones with a single database or point of failure.

To destroy a decentralised network, a government must take down each self-hosted node individually — or execute a complete blackout across the entire country.

‘It’s this circular cat and mouse game.‘

—  Adam Burns, co-founder of the Internet Society of Australia.

Other tools, such as Starlink, a physically distributed satellite network operated by Elon Musk’s company SpaceX, have also been critical for citizens.

Because systems like Starlink lack a single local chokepoint, their distributed infrastructure can offer vital connectivity even under heavy censorship.

Throttling the internet to this extent, however, can cost countries billions in economic losses, according to reports.

“By providing decentralised, resilient access that withstands even aggressive censorship efforts, we’ve helped keep information flowing — allowing brave individuals inside Iran to document and share evidence of the violence, mass arrests, killings, and other human rights abuses occurring under the cover of this blackout,” Aleksandr Litreev, CEO of Sentinel, told DL News.

To be sure, it is unlikely that any type of network will be able to function during a complete blackout.

Still, during the blackout period, resourceful individuals in the country, such as Darius, have experienced brief windows of connectivity as the regime attempts to balance censorship of critics with economic priorities.

“It’s this circular cat and mouse game,” Burns said.

Darius uses his suite of tools to disguise his web requests so they appear like any other, heading toward a large Iranian e-commerce site that the government has kept online for economic reasons.

That encrypted data is then tunnelled to an external server with access to the wider internet.

It isn’t foolproof or permanent, but it has allowed Darius to send a few Telegram messages during brief windows of connectivity.

“If the patterns give the appearance of an unauthenticated connection, it will be immediately disconnected,” Darius wrote on January 23.

Iranian chaos

For the past four weeks, Iran has been living in a state of chaos.

On December 28, Iranian citizens gathered in Tehran’s Grand Bazaar to protest the government’s handling of the currency collapse.

At the end of 2025, the Iranian rial hit a historic low of 1.4 million rials per US dollar, due in part to heavy sanctions imposed by world leaders and the Iranian leadership’s financial mismanagement.

The US has targeted Iran with sanctions to deter the country from developing a nuclear weapons programme and end its support of terrorist organisations, such as Hezbollah and the Houthis.

“It is exactly like you have a shitcoin that is listed only in an isolated exchange and the price falls every day, and finally you have to pay for the first essential needs such as milk, meat, etc., the same worthless coin,” Darius writes.

“The situation can be even worse when you have to pay more to buy the same goods the next day.”

Iran operates as a theocratic republic, with the vast majority of its power in the hands of its supreme leader, cleric Ali Khamenei.

While Iran has an elected president and parliament, their power is limited. While citizens have long criticised the regime, it has been the collapsing rial that has changed the dynamic.

“Generally speaking, people don’t revolt for high-minded ideals like democracy and universal suffrage — they revolt over things that affect everyday life,” Tallha Abdulrazaq, researcher at the University of Exeter’s Strategy & Security Institute, told DL News.

“Never underestimate just how willing people are to live under authoritarian conditions so long as their basic needs are met and they see hope for the future.”

30,000 victims

Following the blackout on January 8, the Islamic Revolutionary Guard Corps and Basij paramilitary forces began clearing the streets of protesters using live ammunition.

Due to the blackout, verifying the death toll has been a challenge for those on the ground as well as various human rights organisations.

Iran Human Rights reported at least 3,428 deaths. Iran International, a Persian-language news outlet based in London, counted at least 12,000 killed, citing internal documents from the Supreme National Security Council and the Presidential Office,

Two senior officials of Iran’s Ministry of Health told Time Magazine that from January 8 to January 9, as many as 30,000 people could have been killed.

Abdulrazaq agreed that the figure is difficult to verify but suggested it is closer to lower estimates.

“They do have the capabilities to round people up and kill them,” he told DL News.

“But, as you can imagine, that is a manpower intensive exercise so the number is probably in the low thousands at worst.”

As for toppling the regime, Abdulrazaq suggests that it won’t happen without international intervention.

“The Iranian government may have not invested in public services, but they have invested in their security apparatus and so, without foreign support through arming the protesters and effectively triggering a civil war, I don’t see how these protests will overthrow Iran,” he said.

Liam Kelly is DL News’ Berlin-based DeFi correspondent. Have a tip? Get in touch at liam@dlnews.com.

Active Solana Addresses Spike, More Merchants Take Bitcoin

0

Activity on major altcoin networks, namely Solana and Ethereum, saw major milestones in January. Daily active addresses on Solana consistently topped 5 million in the second half of the month.

Ethereum overtook major layer 2s in December in terms of daily active addresses after major upgrades to the network. In January, the network marked a 25% increase in daily active addresses amid efforts from developers to “future proof” Ethereum.

Seven Bitcoin (BTC) miners in the US are in a critical storm zone and may need to temporarily scale back their mining activities as a winter storm rocked power grids and left thousands without electricity.

Geopolitical concerns, namely US President Donald Trump’s supposed aspirations to acquire Greenland, have global investors wary. Bitcoin’s price fell nearly 10% from a monthly high of $97,000.

Here’s January by the numbers:

Active Solana addresses increase nearly 115% amid token launch frenzy

The Solana network saw a monthly spike of 115% in active daily addresses as of Jan. 28. The total number of such addresses regularly topped 5 million, according to data from Nansen.

Data collected Jan. 28.

The surge is the result of a renewed spree in memecoin minting following the launch of Anthropic’s Claude Cowork, an AI agent that can control a user’s desktop. This allowed developers using Solana-based token launchpad Bags to turn token launches into overdrive.

Fees on the platform spiked to $4.5 million on Jan. 16. For context, from September to December last year, daily fees rarely passed five digits and, sometimes, were as low as several hundred dollars.

Over the same period, the number of tokens that “graduated,” or launched, from Bags overtook the other popular Solana token launch platform Pump.fun.

Active Ethereum addresses increase 25%

Activity on the Ethereum network has also seen a significant uptick. At the end of December, it overtook prominent L2s Base and Arbitrum in terms of daily active addresses. In January, the same metric increased 25%.

Data collected Jan. 28.

The increase in activity follows some important upgrades to the network, which have increased blob sizes and therefore lowered fees. On Jan. 29, average fees on Ethereum were less than $0.01.

Related: Efforts to bulletproof Ethereum are paying off in user metrics

These upgrades were part of an effort to finalize work on Ethereum. On Jan. 12, Ethereum co-founder Vitalik Buterin said that Ethereum should ultimately pass a “walkaway test.” He said the true test of Ethereum would be for it to keep functioning and fulfilling the needs of users without the presence of developers actively changing and monitoring the network.

Seven US Bitcoin miners face curtailment during winter storm

Seven Bitcoin mining operations in the United States may curtail operations as winter storms put stress on the American power grid in the Southeast and South Central regions.

According to data from Matthew Sigel, head of digital assets research at VanEck, mining locations operated by Riot, Core Scientific, CleanSpark and Bitdeer “are structurally set up to act as flexible loads via utility demand response programs.” 

“We do not yet have confirmation of real time curtailments for this storm, but the model has already proven its value when conditions tighten.”

The storm, which has also affected the Midwest and Northeast, has seen cancelled flights, dangerous travel conditions and power outages and has killed at least 20 people as of Jan. 27.

Southern states, which are generally unaccustomed to snow and lack the critical infrastructure to contend with wintry conditions, were hit hardest. As of Jan. 28, some 400,000 people were without power in Kentucky, Tennessee, Mississippi, Louisiana and Texas.

Many Bitcoin miners have set up in locations where they can stabilize grid prices, buying power cheaply when there is little to no demand and temporarily switching off during stress periods.

Four in 10 merchants in US accept crypto: PayPal report

Crypto is getting more popular for payments, according to major payments processor PayPal. Four in 10 merchants in the US now accept crypto, the company said in a January report. PayPal’s survey found that crypto offers faster transaction speeds and more privacy and attracts crypto-savvy customers.

PayPal vice president and general manager May Zabaneh said, “What we’re seeing both in this data and in conversations with our customers is that crypto payments are moving beyond experimentation and into everyday commerce.”

Some 84% of the same merchants believe that crypto payments will become mainstream in the next five years.

Bitcoin’s price static amid Greenland fiasco

Bitcoin’s price saw a brief climb toward $100,000 in the middle of this month before falling back down to $87,000. The more than 10% decrease came amid discussions over what could happen to Greenland, itself an autonomous territory of Denmark.

Data collected Jan. 28.

Trump claimed that the US needs to control Greenland for security purposes and to counteract Chinese and Russian ambitions in the Arctic. This is despite the fact Denmark and the US are part of NATO, an organization created to counteract the very same ambitions.

While tempers have cooled, the fact that Bitcoin, along with global markets generally, was affected by the saber-rattling, shows that BTC is a risk-on asset.

Chris Beauchamp, chief market analyst at investing and trading platform IG, said, “Cryptocurrencies offered no haven from the wave of selling that washed over global markets in response to Trump’s threat.”

Trump’s mercurial foreign policy, including punitive, unilateral tariffs and ramping up aggressive rhetoric with former allies, put a damper on Bitcoin’s price, according to some analysts.

Magazine: 6 weirdest devices people have used to mine Bitcoin and crypto