XRP Lags Market Rally but Volume Tells a Different Story

[Federal Reserve Loses Access to ADP Employment Data] October 23 news: Federal Reserve officials have recently lost access to employment data provided by payroll processing company ADP. Since 2018, ADP has been providing the Federal Reserve with anonymous employment and income information, covering 20% of the U.S. private sector workforce, serving as an important reference for assessing the state of the labor market. However, after Federal Reserve Governor Waller cited ADP data in a speech at the end of August, ADP ceased providing the data, with the specific reason remaining unclear. In his speech, Waller mentioned the deterioration of summer hiring conditions and further expressed concerns about the slowdown in the labor market.

[Mysterious Whale: Two Wallets Liquidated, Loss of $2.91 Million] The price of ENA plummeted, causing a mysterious whale to be liquidated. Assets in its two wallets were completely wiped out, resulting in a total loss of $2.91 million. (Lookonchain)

[U.S. stocks drop sharply in the short term, S&P 500 Index falls over 1%] The U.S. stock market experienced a short-term plunge, with the S&P 500 Index falling over 1%. Investor sentiment has become increasingly volatile, putting pressure on market performance.

[BTC Whale Increases Short Position to 657 BTC, Unrealized Profit of $472,000] On October 22, the mysterious whale who previously went long on $250 million worth of BTC and ETH has once again increased their BTC short position, growing from 299.69 BTC to 657 BTC, with a total value of approximately $70.9 million. The entry price was $108,530, and the current unrealized profit stands at $472,000. This address has opened positions seven times in the past half month, achieving a 100% win rate.

[a16z Report: Stablecoin Annual Transaction Volume Reaches $46 Trillion] a16z released the 'State of Crypto 2025' report, which shows that the crypto market continues to expand, with estimated monthly active users reaching 40 to 70 million, exhibiting a 'price-developer-user' feedback loop. The fastest-growing region for on-chain activity is in developing countries, with developers active in ecosystems such as Ethereum (including L2), Solana, and Bitcoin. Additionally, the annual transaction volume of stablecoins has reached $46 trillion, which is 20 times that of PayPal and 3 times that of Visa.