火星财经消息, 行情数据显示，XRP/ETH 汇率一度升至 0.00128，现已回落至 0.00123，创 2020 年 3 月以来新高。此外，以 FDV 数据计算，XRP FDV 市值为 2387.5 亿美元，ETH 市值为 2321.8 亿美元。

<div>火星财经消息, 行情数据显示，XRP/ETH 汇率一度升至 0.00128，现已回落至 0.00123，创 2020 年 3 月以来新高。此外，以 FDV 数据计算，XRP FDV 市值为 2387.5 亿美元，ETH 市值为 2321.8 亿美元。</div>

XRP/ETH汇率创2020年3月以来新高，XRP FDV超ETH达2387.5亿美元

The news from Mars Finance shows that the XRP/ETH exchange rate once rose to 0.00128 and has now fallen back to 0.00123, reaching a new high since March 2020. In addition, based on FDV data, the XRP FDV market capitalization is $238.75 billion, and the ETH market capitalization is $232.18 billion.

<div>Mars Finance News, market data shows that the XRP/ETH exchange rate once rose to 0.00128, and has now fallen back to 0.00123, reaching a new high since March 2020. In addition, based on FDV data, the XRP FDV market cap is $238.75 billion, and the ETH market cap is $232.18 billion.</div>

XRP/ETH exchange rate hits a new high since March 2020, XRP FDV exceeds ETH to reach US$238.75 billion

In the crypto world, what truly determines victory is never code, but the interplay between liquidity, power, and regulation. The rise and fall of BUSD is not merely a tragic tale of a stablecoin, but a financial war waged by exchanges attempting to "unify the world."

When BUSD was thrust onto the historical stage, it carried not only a compliance narrative, but also Binance's ambition to reshape the stablecoin order through coercive measures—by manipulating exchange rates and merging trading pairs, directly swallowing competitors' liquidity into its own ledger.

The "automatic conversion" of 2022 was a textbook example of a blitzkrieg; and 2023...

The Rise and Fall of Binance's Dominance: From BUSD's "Unification" to $U's "Conquering the World"—The Stablecoin Wars

Source: Galaxy Research; Translation: Jinse Finance xz
Bitcoin's closing price in 2025 is expected to be roughly the same as the level at the beginning of the year.
The cryptocurrency market experienced a genuine bullish wave in the first ten months of this year. Regulatory reforms continued to advance, ETFs continued to attract funds, and on-chain activity became increasingly active. Bitcoin hit an all-time high of $126,080 on October 6th.
However, the market failed to deliver the expected breakthrough after the initial frenzy; instead, it experienced rotation, repricing, and rebalancing. This was driven by factors such as unmet macroeconomic expectations, a shift in investment narratives, leveraged margin calls, and massive...

Galaxy: 26 Predictions for the Crypto Market in 2026

Messari released "The Crypto Theses 2026," a report that predicts future trends in public blockchains, DeFi, AI, DePIN, and TradFi. From Messari's perspective, 2026 will be a pivotal year for cryptocurrencies, marking a shift from "speculative" to "system-level integration."

Author: Messari
Compiled/Translated by: ODIG Invest
Messari Releases "The Crypto Theses 2026"...