Blog

November 3, 2025

viralnado

Sports Betting Drives Kalshi and Polymarket to Record-Breaking Trading Volumes

October proved to be a landmark month for the prediction market industry, as two major platforms, Kalshi and Polymarket, collectively achieved unprecedented trading volumes. Together, these venues processed $7.4 billion in volume during the month, surpassing any prior performance, including their previous peak in November 2024 when election-driven markets tallied $4 billion. While election-related markets, especially those linked to the New York City mayoral race, continue to generate significant activity—reaching hundreds of millions in volume—sports betting has emerged as a powerful growth catalyst. Kalshi, in particular, posted an outstanding $4.4 billion in trading volume throughout October, while Polymarket recorded $3

November 3, 2025

viralnado

Solana ETFs See Strong Investment Flows Amid Token Price Drop

The introduction of spot Solana (SOL) exchange-traded funds (ETFs) in the United States has attracted significant investor interest, despite a notable decline in the SOL token’s market price. Following the launch of these U.S.-based Solana ETFs last week, the token’s price experienced a sharp drop, falling approximately 20% from a high of $205 to around $165 within seven days. This decline contrasts with the relatively milder downturns observed in major cryptocurrencies such as bitcoin (BTC) and ether (ETH), which declined roughly 6% and 12%, respectively, over the same period. However, the weak price performance of SOL did not hinder inflows

November 3, 2025

viralnado

The Resonance of “Trump is Right”: Understanding the Political Undercurrents

The phrase “Trump is Right” encapsulates a bold declaration that carries significant weight in today’s polarized political landscape. This title suggests a focus on statements or viewpoints originally expressed by former President Donald Trump, which the content likely argues to be accurate or justified. Given Trump’s polarizing figure in American politics, such a declaration invites critical examination of the issues and policies he championed during and after his presidency. Donald Trump’s political approach has been characterized by his direct communication style, emphasis on “America First” policies, and often contentious relationship with both traditional media and political opponents. His tenure highlighted

November 3, 2025

viralnado

Ethena USDe Market Cap Plummets Nearly 40% Following October 10 Crash

Ethena Labs’ synthetic stablecoin USDe has experienced a significant market capitalization decline, shedding over $5 billion in just three and a half weeks after the October 10 market crash. The event, dubbed “Black Friday,” involved a sudden market correction that affected various leveraged positions across the cryptocurrency ecosystem. Prior to the flash crash, USDe’s market cap exceeded $14.6 billion. However, between October 10 and 11, the token’s valuation dropped sharply by approximately $2 billion as investors hurried to redeem their USDe tokens and exchange them for the underlying collateral. According to Ethena Labs’ documentation, each redemption results in USDe tokens

November 3, 2025

viralnado

Stellar Holds the Line at $0.277 as Buyers Defend Key Support Zone

Stellar (XLM) managed to stabilize at the crucial $0.277 support level following a brief sharp decline, as buyers aggressively defended this key zone. On Tuesday, the cryptocurrency rebounded to $0.285 after a sell-off episode, supported by a notable increase in trading volume and network activity. Trading volumes for XLM ran approximately 11.18% above the 30-day average, reflecting heightened market engagement. This surge coincided with an impressive 700% spike in smart contract transactions on the Stellar network, highlighting growing utility and adoption. Despite these positive indicators, XLM’s performance lagged behind the broader crypto market by around 2.10%, suggesting some network-specific challenges

November 3, 2025

viralnado

Ethereum Eyes Sub-$3,000 Territory Amid Spot ETF Withdrawal and Technical Downtrend

Ethereum (ETH) is showing signs of potential further decline as institutional support wanes and technical indicators signal bearish momentum. Over the past month, Ether’s price has dropped approximately 14%, slipping from above $4,000 to around $3,724 as of Monday. This downturn comes alongside declining inflows into spot Ethereum exchange-traded funds (ETFs) and weakening demand among major holders. ETF outflows weigh on Ether Data from SoSoValue reveal that U.S.-based spot Ether ETFs have experienced outflows for three straight days, with a cumulative withdrawal surpassing $360 million. This pullback in capital reflects a broader trend of risk aversion among investors, who are

November 3, 2025

viralnado

Trump Emphasizes Presidential Responsibility to Prevent Government Shutdown

In recent remarks echoing the ongoing debate around the potential U.S. government shutdown, former President Donald Trump underlined the critical role of the President in averting such an event. Trump stressed that a government shutdown would be a major black mark on the presidential legacy, emphasizing that the leader of the country must take the initiative to negotiate with Congress and lead all parties toward agreement. Trump’s message focused on the importance of presidential leadership and the necessity for decisive action in times of political deadlock. He pointed out that the President is uniquely positioned to bring members of Congress

November 3, 2025

viralnado

Berachain Temporarily Shuts Down Network to Address Critical Balancer-Related Security Breach

Berachain has implemented an emergency network halt after identifying a security vulnerability linked to the recent Balancer V2 exploit, the project’s core team announced on Monday. According to the Berachain Foundation’s statement on X, validators acted swiftly to pause the blockchain and enable the deployment of an emergency hard fork intended to isolate the affected contracts and restore compromised assets. The network, which features the BEX decentralized exchange (DEX) holding over $50 million in tokens, is expected to resume operations once all impacted funds have been secured. The security weakness originates from a similar access control flaw in the Balancer

November 3, 2025

viralnado

Bitcoin Slips Below $110K as Weekend Rally Fades Amid Market Uncertainty

Bitcoin (BTC) entered November with a decline, retreating to around $107,000 after erasing gains made over the weekend. The cryptocurrency faces renewed selling pressure as traders prepare for potential support tests in the near term. After a strong rally in October that saw Bitcoin reach all-time highs above $126,000, the asset has struggled to sustain momentum. The recent downturn has prompted caution among market participants, with some analysts suggesting that BTC could be range-bound for the foreseeable future. Key support levels under scrutiny Traders have identified critical support zones near the $101,000 to $106,000 range, where the 50-week exponential moving

November 3, 2025

viralnado

Dogecoin Drops Below $0.18 Amid Death Cross and Intensified Whale Selling

Dogecoin (DOGE) experienced a notable decline on Tuesday, slipping 2.3% to trade near $0.1827 as it broke key support levels. This move reflects increased selling pressure from significant holders and a bearish turn in its technical landscape. The cryptocurrency fell decisively below the $0.1830 support threshold, marking the third straight session characterized by lower highs. Over the past 24 hours, DOGE’s price retracted from approximately $0.1870 down to $0.1827, carving out a $0.0070 trading range. Attempts to rally above $0.1860 were unsuccessful, reinforcing resistance just below that level. Trading volume analysis revealed a surge in distribution, especially among mid-tier whale