Tag Archives: informational

ICP Builder Explains What Caused the XRP Price Glitch to $91 on Kraken

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To make his point clear, he presented an instance using the smallest unit of XRP. Notably, XRP has smaller units called drops, with 1 drop equaling 0. 000001 XRP. Now that XRP costs $2. 2 for one full token, a drop (0. 000001 XRP) has a worth of $0. 0000022. Grissom explained that if, instead of paying $0. 0000022 for 1 drop of XRP, someone bought the drop for $0. 01, the system would treat that as if the buyer paid $10,000 for a full XRP. This is because paying $0. 01 for 1 drop of XRP instead of the $0. 0000022 price translates to a cost of $10,000 for 1 full XRP token. The pundit then compared this tiny purchase to the remaining part of a hypothetical order of five XRP, or five million drops, bought at normal market levels. Specifically, at $2. 50 per XRP, this portion would cost $12. 50. Together, the entire position would come to roughly 5. 000001 XRP purchased for $12. 51. This creates an average cost of $2. 502 per XRP. Grissom stressed that the tiny high-priced drop barely changes the average because it makes up only a cent of the total purchase. Essentially, when the system blends it with the rest of the order, the extreme price essentially disappears. This shows how a small, irregular fill within a much larger transaction could create an inflated price print on an exchange, even when it holds no real impact on the buyer’s actual position. Previous Cases of XRP Price Glitch Notably, the brief surge on Kraken is only the latest on a long list of cases involving dramatic pricing errors for XRP. For instance, in January 2019, a display issue on Coinbase momentarily showed XRP trading at an unbelievable $7,308. Also, CoinMarketCap and Coinbase both showed XRP at an impossible $161 million in December 2021. Another instance occurred around August 2023, as Gemini users suddenly saw XRP appear to hit $50 shortly after the American exchange listed it. A separate glitch in October 2023 caused CoinMarketCap to list XRP at $34,603. Meanwhile, another error a year later led Binance to show XRP at $5,791, while in March 2025, another anomaly saw the ticker on Real America’s Voice mistakenly display XRP at $21, 000. These recurring glitches have led to speculation among some XRP supporters, who believe something deeper might be behind them, including claims that XRP trades well below its true value. However, those ideas fall apart once you consider that several glitches have also shown extremely low fake prices, not just unusually high ones. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
https://thecryptobasic.com/2025/11/20/icp-builder-explains-what-caused-the-xrp-price-glitch-to-91-on-kraken/

Machi Big Brother Bets Big Again with 25x Ethereum Long Amid Market Turmoil

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**Prominent Crypto Trader Jeffrey Huang Makes Bold Return to Ethereum Market Amid Volatility**

*Written by Zabi*

Prominent crypto trader Jeffrey Huang, better known as Machi Big Brother, has made a daring comeback to the Ethereum market despite widespread volatility. Huang reopened a 25x leveraged long position on 100 ETH, valued at roughly $364,240, with only $16,771 in perpetual equity—a sign of his continued bullish stance even after recent heavy losses.

### High Leverage, High Risk

According to on-chain data, Huang entered his position at $3,641.90 per ETH. With Ethereum currently trading near $3,490, the trader is facing an unrealized loss of around $4,958. His liquidation price is set at $3,462.85, meaning a minor market dip could trigger a complete wipeout of the position.

Notably, this fresh long follows the complete liquidation of his previous ETH trade, suggesting that Huang remains confident in Ethereum’s recovery despite mounting market pressure.

### From Massive Gains to Mounting Losses

Blockchain tracking platform Lookonchain reports that Huang’s trading journey has taken a sharp turn. Once, he was sitting on $44.84 million in profits. Now, he faces over $15 million in losses. Following the October 11 market crash, Huang reportedly injected $1.73 million to sustain his long positions. However, his remaining equity has since shrunk to just $16,771—a massive depletion of his trading capital.

### Marketwide Selloff Shakes Traders

The broader crypto market is enduring a steep correction. Bitcoin has fallen below $105,000, trading around $104,511, a 3% decline over the last 24 hours. Ethereum has dropped 6.3% in the same period, hovering near $3,490.

This sharp pullback has triggered a series of forced liquidations across exchanges as leveraged traders struggle to maintain positions. According to Coinglass data, a total of 331,903 traders were liquidated in the past 24 hours, with combined losses exceeding $1.33 billion.

In particular, long traders suffered the most, losing $1.19 billion, while short traders faced losses of about $142 million. The largest single liquidation occurred on Huobi, where a BTCUSDT position worth $47.87 million was wiped out.

### Analysts Eye Critical Support Levels

Crypto analyst Ali Martinez, referencing data from Glassnode, identified $3,120 as a critical demand zone for Ethereum. Around 2.62 million ETH were accumulated near that level.

Furthermore, he noted that below $2,950, the next major support levels for Ethereum lie at $2,870 and $2,530. Martinez suggested these zones could determine whether Ethereum stabilizes or faces further downside pressure.

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### Disclaimer:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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### About the Author
**Zabi** is a crypto enthusiast with more than 10 years of experience managing Google News-approved finance websites. Zabi has a strong background in finance, a thorough understanding of cryptocurrencies, and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages personal stock and finance-related Google News-approved websites.

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### More Market Insights

– **Market Veteran Targets XRP Rally to $4.50, Says XRP Consolidation Period Is Over**
Experienced market analyst CasiTrades says XRP is heating up after a bullish breakout, targeting a rally to an all-time high.

– **Cardano Falling Wedge Breakout Eyes Run to $1.2 Before Uptick to $2.91**
A well-known crypto chartist suggests Cardano could be breaking into a four-year peak above $2 after a falling wedge breakout.

– **Bitcoin Retests Historical Make-Or-Break Level: Here Are Possible Scenarios**
Recent consolidatory price trends have pushed Bitcoin to a critical price level that will determine its short-term direction.

– **LMAX Group Strategist Sees Bitcoin Ready for a Full Recovery**
Joel Kruger believes Bitcoin and the crypto market are staging a strong comeback after weeks of struggle following the October 10 drop.

– **Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3**
Market data shows Ethereum has dramatically closed in on Bitcoin’s annual performance following Q3 gains.

– **Citibank Predicts Bitcoin to Hit $231K, Ethereum $7.5K in Months**
Global banking giant Citibank has released new 12-month price targets for the world’s top cryptocurrencies.

– **Analyst Projects What to Expect Next for XRP After Predicting Its Rally in November 2024**
One analyst who accurately predicted the XRP rally in November 2024 now projects future market directions.

– **Here’s How High XRP Price Could Go as BlackRock CEO Teases Tokenization of Currencies and ETFs**
Discussions around the XRP Ledger (XRPL) taking a slice of the tokenization market have resurfaced following BlackRock CEO Larry Fink’s recent comments.

– **Analyst Says It’s Time for Shiba Inu to Rebound, Shares Three Targets**
There is growing confidence in the Shiba Inu community that SHIB could be gearing for a price rebound after severe consolidation.

– **Shiba Inu in 11-Month Bear Market, but Data Shows Explosive Phase Could Happen**
A prominent market analyst has dissected Shiba Inu trends over the past two years, shedding light on its potential bullish phase.

– **Dogecoin Is Following Its First Cycle—Here’s the Target**
Dogecoin shows similarity with its first full bull cycle, which could send the meme coin surging to unprecedented prices later this October.

– **Dogecoin Ready to Rebound—Top Analyst Predicts Bullish Targets**
Prominent market analyst Ali Martinez highlighted possible rebound targets for Dogecoin from recent lows.

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Stay tuned for more updates and in-depth analysis from The Crypto Basic.
https://thecryptobasic.com/2025/11/04/machi-big-brother-bets-big-again-with-25x-ethereum-long-amid-market-turmoil/

Cotton Reverting Lower on Thursday

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Cotton futures are trading with midday losses of 65 to 76 points across most contracts.

Crude oil futures were up 19 cents per barrel, reaching $60.69, while the US dollar index climbed $0.298 to $99.320.

In a recent post, President Trump stated that China is set to purchase massive amounts of other agricultural goods, although no specifics were provided regarding cotton. Tariffs on US agricultural products are expected to be lifted, which could impact trade positively.

The Wednesday online auction from The Seam showed 8,719 bales sold at an average price of 60.14 cents per pound. Meanwhile, the Cotlook A Index rose by 45 points on October 29, reaching 76.40 cents.

ICE certified cotton stocks remained steady on October 29, with the certified stock level at 18,052 bales.

Looking at specific cotton contract prices:

– December 2025 Cotton is at 65.25 cents, down 76 points
– March 2026 Cotton is at 66.82 cents, down 69 points
– May 2026 Cotton is at 68.03 cents, down 68 points

Don’t miss a day of insights—from crude oil to coffee. Sign up for free to receive Barchart’s best-in-class commodity analysis.

*On the date of publication, Austin Schroeder did not have positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data are provided solely for informational purposes. For more details, please view the Barchart Disclosure Policy.*

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**More News from Barchart**

– Upcoming U.S.-China Talks Create a Bullish Soybean Trade
– Corn and Soybean Rallies Just Gave Winter Wheat and Soybean Meal a Kick: What Comes Next?
– How Much Higher Can Wheat Prices Go Now?
– China May Not Be Buying U.S. Soybeans, But Soybean Meal Is a Value Buy for Traders

*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-reverting-lower-thursday

Corn Falling into the Weekend

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Corn futures are showing weakness on Friday, with losses of 3 to 4 ½ cents at midday. The CmdtyView national average Cash Corn price is down 4 ½ cents at $3.83 ¾. The average December close so far in October, with just six trading days remaining, is $4.19. This compares to last year’s harvest price for crop insurance at $4.17 but is 51 cents below the February price.

On Thursday evening, President Trump announced he had terminated trade talks with Canada due to the unauthorized use of a former President Reagan speech regarding tariffs. No details were released on if or when trade talks will resume. This development is notable as Canada has been a large buyer of U.S. ethanol.

Argentina’s corn crop was estimated at 33.8%, according to the Buenos Aires Grain Exchange, marking an increase of 3.9% from the previous week.

As of now, the futures prices are as follows:
– December 2025 Corn is at $4.23 ½, down 4 ½ cents
– Nearby Cash Corn is at $3.83 ¾, down 4 ½ cents
– March 2026 Corn is at $4.37 ¾, down 3 ½ cents
– May 2026 Corn is at $4.46 ¼, down 3 cents

Stay informed on commodities ranging from crude oil to coffee by signing up for Barchart’s best-in-class commodity analysis—free of charge.

*Disclaimer:* On the date of publication, Austin Schroeder did not hold any positions, directly or indirectly, in any securities mentioned in this article. All information and data provided are solely for informational purposes. For more details, please view the Barchart Disclosure Policy.

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### More from Barchart:

– How Much Higher Can Wheat Prices Go Now?
– China May Not Be Buying U.S. Soybeans, But Soybean Meal Is a Value Buy for Traders
– Grains in Q3 — Can the Price Weakness Continue?
– As the Harvest Reaches a Halfway Point, Corn Is Heading Into a ‘Buy’ Zone

*The views and opinions expressed herein are those of the author and do not necessarily reflect the views and opinions of Nasdaq, Inc.*
https://www.nasdaq.com/articles/corn-falling-weekend

Soybeans End the Week on a High Note as Trade Tensions Ease

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Soybeans were in rally-back mode on Friday, with contracts rising 7 to 9 cents during the session. November futures jumped 12 ¾ cents higher this week after holding a test of the $10 level.

The cmdtyView national average cash bean price increased by 9 1/4 cents to $9.45 ½, as basis appeared to firm somewhat. Support from soybean products was also noted. Soymeal futures were up between $2.40 and $4.10 on the day, with December contracts closing the week up $6. Soybean oil gained 24 to 29 points on Friday, finishing 116 points higher for the December contract over the five trading days.

With just two weeks left for the crop insurance discovery period to determine the harvest price, November soybean futures have averaged $10.16 so far. This is down from the February price of $10.54 but up from last year’s fall price of $10.03.

Early on Friday morning, President Trump expressed optimism about trade relations with China ahead of the upcoming leaders’ meeting in a couple of weeks. He also stated that the 100% tariffs on China are not sustainable.

Closing prices on November 25 were as follows:
– November 25 Soybeans: $10.19 ½, up 8 3/4 cents
– Nearby Cash: $9.45 ½, up 9 1/4 cents
– January 26 Soybeans: $10.36 ¾, up 8 1/4 cents
– March 26 Soybeans: $10.50 ¾, up 7 cents

Don’t miss a day of commodity updates—from crude oil to coffee—by signing up for Barchart’s free best-in-class commodity analysis.

*Disclaimer: On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data contained herein are solely for informational purposes. For more details, please view the Barchart Disclosure Policy [here]. The views expressed are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/soybeans-end-week-high-note-trade-tensions-ease

Enerpac outlines $635M-$655M revenue target for 2026 with new $200M buyback plan as DTA integration and E-commerce drive optimism

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**Enerpac Outlines $635M-$655M Revenue Target for 2026 with New $200M Buyback Plan**

*October 16, 2025 | 11:07 AM ET*

Enerpac Tool Group Corp. has announced an ambitious revenue target of $635 million to $655 million for the year 2026. The company is also unveiling a new $200 million share buyback plan, signaling strong confidence in its growth prospects.

This optimism is driven by the ongoing integration of DTA and the company’s expanding e-commerce initiatives, which are expected to enhance operational efficiencies and market reach.

**Company Highlights:**

– **Revenue Target:** $635M – $655M for 2026
– **Buyback Plan:** $200M share repurchase authorization
– **Growth Drivers:** DTA integration and e-commerce expansion

Investors are keeping a close eye on Enerpac Tool Group Corp., with current short interest data and trending analysis indicating active market interest.

**Stock Information:**
– **Ticker Symbol:** EPAC
– **Status:** Trending

Stay tuned for further updates on Enerpac’s progress and market performance.
https://seekingalpha.com/news/4504881-enerpac-outlines-635m-655m-revenue-target-for-2026-with-new-200m-buyback-plan-as-dta?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Cotton Bounce Higher on the Midweek Session

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Cotton prices are down 30 to 40 points so far on Thursday morning. This follows a turnaround on Wednesday, where futures contracts closed with gains of 20 to 25 points across the front months.

The US dollar index fell by $0.400 on Tuesday, reaching 98.410, while crude oil prices edged up by $0.05 per barrel. Meanwhile, Tuesday’s online auction from The Seam reported just 45 bales sold at an average price of 47.24 cents per pound.

The Cotlook A Index dropped another 35 points on October 14, settling at 74.95 cents. ICE certified cotton stocks remained unchanged on the same date, with the certified stocks level steady at 16,593 bales.

Here is a snapshot of recent cotton futures performance:

– December 2025 Cotton closed at 63.76 cents, up 25 points, but is currently down 40 points.
– March 2026 Cotton closed at 65.33 cents, up 24 points, currently down 34 points.
– May 2026 Cotton closed at 66.55 cents, up 24 points, currently down 36 points.

Stay informed on commodity trends— from crude oil to coffee— by signing up for Barchart’s best-in-class commodity analysis, available for free.

*Disclosure:* On the date of publication, Austin Schroeder did not hold positions (directly or indirectly) in any of the securities mentioned in this article. All information and data provided are for informational purposes only. For more details, please see the [Barchart Disclosure Policy](#).

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**More news from Barchart:**

– Will Cotton Ever Rally?
– As China Shuns U.S. Ag Products, Make This 1 Trade Now
– Corn, Soybean, Wheat, Cotton: Let’s Break Down What You Need to Be Watching This Week
– Can Cotton Break Out from Its Bearish Trend?

*The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/cotton-bounce-higher-midweek-session-0