Category: crypto

Flash crash triggered by US-China trade tensions resulted in $19 billion liquidated in cryptocurrency positions. Bitcoin fell 16% before rebounding, while altcoins like LTC, TON, and DOGE experienced severe drops. Trump’s posts on Truth Social blamed for the crash. Retail sentiment shifts to bearish expectations amid geopolitical concerns. Gold surges as traders seek safe havens.

Despite a 34% drop in NFT sales to $169.7 million, DX Terminal and Pudgy Penguins are performing well. Ethereum leads in NFT sales with $86 million, but overall buyers have decreased by more than 80%. DX Terminal had $13 million in sales, up 50% this week. Bitcoin’s price has dropped to $112,000.

Bitcoin ETFs experienced $4.5 million in net outflows on Oct. 10, ending a nine-day streak of positive inflows totaling over $5 billion. This coincided with an 8% drop in Bitcoin’s price. Despite this, cumulative net inflows across all Bitcoin ETFs remain strong at $62.77 billion, with total assets at $158.96 billion.

Indian tax authorities are cracking down on over 400 high-net-worth individuals accused of hiding cryptocurrency trades on Binance to evade taxes. The CBDT is targeting traders who used offshore platforms and peer-to-peer transfers. The enforcement drive shows India’s efforts to close gaps in crypto disclosure and impose severe penalties on non-compliant traders.

Despite market volatility, crypto investors provided fresh capital to blockchain ventures this week, with $3.19B raised across 20 projects. Polymarket led with $2B, Kalshi secured $300M, and other companies, including Meanwhile and Amdax, also received significant funding. Interest in decentralized prediction markets and crypto assets remains strong among investors.

Vitalik Buterin sold memecoins such as DOJO, SPURDO, and MARVIN for 22.14 ETH ($96,400), sparking discussions on his stance on the sector. The sales are part of his pattern of offloading unsolicited memecoins received from projects. Buterin has criticized most memecoins and called for higher-quality meme tokens with actual utility.

ASTER price is at risk of dropping to $0.70 due to bearish sentiment. Factors such as delisting from DeFiLlama, a $12M ASTER transfer to Binance by Galaxy Digital, and the release of 320M ASTER tokens without lock-up are intensifying the sell-off. Price has dropped nearly 30% to $1.60.

The Monetary Authority of Singapore has postponed the implementation of the Basel Committee’s crypto regulations from 2026 to 2027 to allow banks more time to adjust. This decision follows feedback from industry stakeholders. Meanwhile, other regions like Hong Kong and the EU are already moving forward with implementing the rules.

The crypto community experienced a rug pull with the disappearance of OracleBNB project on BNB Chain, leaving investors confused. The project allegedly drained 34 BNB and deleted its social media accounts, following a surge in BNB Chain memecoin activity. The project posed as a legitimate predictions platform and falsely claimed collaborations with influential figures.

Coinbase CEO Brian Armstrong criticized a Senate Democratic proposal to regulate DeFi front-ends as brokers, saying it would hinder U.S. crypto innovation. Other crypto advocates shared concerns, warning the plan could ban DeFi development in the U.S. Armstrong vowed to work with lawmakers to ensure the legislation is right.