Market
Monero (XRM) Price Faces 7% Drop After Kraken’s Delisting in Europe: What’s Next

Monero (XMR) price has dropped nearly 7% following Kraken’s announcement to delist the coin in the European Economic Area due to regulatory changes. As the largest privacy coin by market cap, XMR faces increased challenges in a sector already struggling with low valuations and negative returns for most of its competitors.
Despite its dominance in market capitalization, technical indicators like the Directional Movement Index (DMI) and Exponential Moving Averages (EMA) suggest a strong downtrend. If the current bearish momentum persists, Monero may soon test critical support levels, deepening the ongoing correction.
XRM Is By Far The Biggest Player In The Privacy Coins Market
Monero (XMR) has experienced a nearly 7% price drop after Kraken announced it will delist the coin for users in the European Economic Area (EEA) due to regulatory changes. Kraken, one of the world’s oldest crypto exchanges, informed its EEA clients that trading and deposits for all Monero markets will cease on October 31, with any open orders automatically closed.
Users have until December 31 to withdraw their Monero holdings, after which any remaining balances will be converted to Bitcoin. The exchange stated it had no choice but to delist Monero from the EEA due to regulatory pressures.
Read more: Monero: A Comprehensive Guide to What It Is and How It Works

2024 appears to be a challenging year for privacy coins, with only three out of the top ten showing positive returns. Privacy coins continue to be a more complicated area within the crypto space and often have lower valuations than other sectors. Among the top ten privacy coins, only Monero (XMR) boasts a market capitalization of over $1 billion, specifically $2.6 billion.
The combined market cap of the other nine leading privacy coins is $3.1 billion, which is less than that of PEPE at $4.1 billion, clearly highlighting the sector’s difficulties.
Monero DMI Shows The Current Trend Is Strong
According to its Directional Movement Index (DMI), Monero has seen its ADX climb to 51.3, signaling a strong and well-established trend in the market.
The ADX is a key metric used to gauge the strength of a trend — whether upward or downward — and tells if it’s strong or not. The DMI itself is composed of three lines: the ADX, the +DI, which reflects buying or upward pressure, and the -DI, which measures selling or downward pressure.

Currently, Monero’s +DI sits at a relatively low 12, while the -DI has surged to 36.7, indicating that sellers are firmly in control and that bearish momentum is dominating the market. This significant disparity between the two suggests that the current correction could still be in its early stages, as the downtrend appears to be gaining strength.
With such a high ADX, this bearish movement seems to have solid momentum behind it, implying that further downside could be likely as the selling pressure remains strong and could continue to drive prices lower. This combination of a high ADX and dominant -DI shows that the market is in a powerful downtrend, and a reversal does not seem imminent at this point.
XRM Price Prediction: Is The Correction Over?
On September 24, Monero (XMR) experienced a bearish signal when its EMA lines formed a death cross, after which its price dropped by 22%.
EMA lines, or Exponential Moving Averages, are used to track price trends by giving more weight to recent data. A death cross occurs when the short-term EMA crosses below the long-term EMA, often signaling the start of a downtrend.
This bearish indicator, combined with the current strong ADX reading, suggests that the market is experiencing a strong downtrend that may continue.
Read more: Monero (XMR) Price Prediction 2023/2025/2030

The gap between the EMA lines isn’t significantly wide yet. That indicates that the correction could still be in its early stages. If the downtrend persists, XMR could soon test key support levels at $133 or even as low as $116. This would mark a further potential drop of 16.5%.
However, if the trend somehow reverses, Monero would need to break through resistance at $143. Should it succeed, the next targets would be $165 and $178, signaling potential recovery.
The post Monero (XRM) Price Faces 7% Drop After Kraken’s Delisting in Europe: What’s Next appeared first on BeInCrypto.
Market
XRP Bulls Defend $2.00—Is a Fresh Price Surge Loading?

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Market
Vitalik Buterin Proposes to Replace EVM with RISC-V

Ethereum (ETH) co-founder Vitalik Buterin has proposed overhauling the blockchain’s smart contract infrastructure by replacing the Ethereum Virtual Machine (EVM) with RISC-V, a widely adopted open-source instruction set architecture.
This shift aims to address one of Ethereum’s key scaling bottlenecks by dramatically improving the efficiency and simplicity of smart contract execution.
Buterin Proposes Ditching EVM for RISC-V
The proposal was detailed in a post on the Ethereum Magicians forum. In it, Buterin suggested that smart contracts could eventually be compiled to RISC-V rather than EVM bytecode.
According to Buterin, this shift addresses long-term scalability challenges. This particularly includes keeping block production competitive and improving zero-knowledge (ZK) EVM-proof efficiency.
“It aims to greatly improve the efficiency of the Ethereum execution layer, resolving one of the primary scaling bottlenecks, and can also greatly improve the execution layer’s simplicity – in fact, it is perhaps the only way to do so,” he wrote.
Current ZK-EVM implementations spend around half of their proving cycles on EVM execution. By switching to a native RISC-V VM, Ethereum could potentially achieve up to 100x efficiency gains.
Importantly, many fundamental aspects of Ethereum’s architecture would remain unchanged, preserving continuity for developers and users. Core abstractions such as accounts, smart contract storage, ETH balances, and cross-contract calls would function exactly as they do today.
Developers would still write contracts in familiar languages like Solidity or Vyper. These would simply be compiled to RISC-V rather than EVM bytecode. Tooling and workflows would remain largely intact, ensuring a smooth transition.
Crucially, the proposal ensures backward compatibility. Existing EVM contracts will remain fully operational and interoperable with new RISC-V contracts.
Buterin outlines several potential implementation paths forward. The first would support both EVM and RISC-V smart contracts natively. The second suggests wrapping EVM contracts to run via an interpreter written in RISC-V. Thus, it would enable a full transition without breaking compatibility.
The third, more modular approach, builds on the second by formally enshrining interpreters as part of the Ethereum protocol. This would allow the EVM and the future virtual machines to be supported in a standardized way.
Buterin stated that the idea is “equally as ambitious as the beam chain effort.”
“The beam chain effort holds great promise for greatly simplifying the consensus layer of Ethereum. But for the execution layer to see similar gains, this kind of radical change may be the only viable path,” Buterin added.
For context, the Ethereum Beam Chain is a redesign of Ethereum’s consensus layer (Beacon Chain). It focuses on faster block times, faster finality, chain snarkification, and quantum resistance. The development will likely begin in 2026.
This proposal fits into Ethereum’s broader vision of modularity, simplicity, and long-term scalability. Previously, BeInCrypto reported on Buterin’s privacy-centric plans for the blockchain.
The proposal focused on integrating privacy-preserving technologies. Moreover, the Pectra upgrade is also nearing, with the launch expected on May 7.
Meanwhile, ETH continues to face market headwinds, trading at March 2023 lows. This year has been quite hard for the altcoin, as it saw a decline of 50.8%. In fact, Ethereum dominance hit a 5-year low last week.

Nonetheless, BeInCrypto data showed a slight recovery over the last 14 days. ETH rose by 6.1%. Over the past day alone, it saw modest gains of 1.7%. At the time of writing, ETH was trading at $1,639.
Disclaimer
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Market
Solana Rallies Past Bitcoin—Momentum Tilts In Favor of SOL

Solana started a fresh increase from the $120 support zone. SOL price is now consolidating and might climb further above the $142 resistance zone.
- SOL price started a fresh increase above the $125 and $132 levels against the US Dollar.
- The price is now trading above $130 and the 100-hourly simple moving average.
- There is a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair (data source from Kraken).
- The pair could start a fresh increase if it clears the $142 resistance zone.
Solana Price Gains Over 5%
Solana price formed a base above the $120 support and started a fresh increase, like Bitcoin and Ethereum. SOL gained pace for a move above the $125 and $132 resistance levels.
The pair even spiked toward the $145 resistance zone. A high was formed at $143.06 and the price is now retreating lower. There was a move below the 23.6% Fib retracement level of the upward move from the $135 swing low to the $143 high.
Solana is now trading above $130 and the 100-hourly simple moving average. There is also a connecting bullish trend line forming with support at $137 on the hourly chart of the SOL/USD pair. The trend line is close to the 76.4% Fib retracement level of the upward move from the $135 swing low to the $143 high.
On the upside, the price is facing resistance near the $142 level. The next major resistance is near the $145 level. The main resistance could be $150. A successful close above the $150 resistance zone could set the pace for another steady increase. The next key resistance is $155. Any more gains might send the price toward the $165 level.
Pullback in SOL?
If SOL fails to rise above the $142 resistance, it could start another decline. Initial support on the downside is near the $138.50 zone. The first major support is near the $137 level and the trend line.
A break below the $137 level might send the price toward the $132 zone. If there is a close below the $132 support, the price could decline toward the $125 support in the near term.
Technical Indicators
Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.
Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.
Major Support Levels – $137 and $132.
Major Resistance Levels – $142 and $145.
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