Tariff Shock Wipes $19B in Crypto, 1.6M Traders Liquidated; BTC Quickly Rebounds
A sudden tariff announcement from U.S. President Donald Trump sent shockwaves through global markets on October 10, triggering one of the largest single-day selloffs in crypto history. The pledge to impose 100% tariffs on Chinese imports sparked panic selling, forcing more than $19 billion in leveraged crypto positions to unwind in just 24 hours. Data from […]
BitMine Goes on ‘$827M Aggressive’ ETH Buying Spree After Crypto Market Crash
BitMine Immersion Technologies has launched one of the largest Ethereum accumulation moves in corporate history, purchasing over $827 million worth of ETH during the recent crypto market crash. The company, which already holds the world’s largest Ethereum treasury, stated that the acquisition added 202,037 ETH to its reserves, bringing its total to 3,032,188 ETH, approximately […]
What Comes After the Bitcoin Bloodbath? Open Interest Drops $12B as Leverage Ratio Hits Multi-Year Lows – Next Stop $130K?
Bitcoin’s latest market bloodbath has left traders devastated, with over $12 billion in open interest wiped out in just days, one of the sharpest contractions in derivatives positioning in recent history. On-chain data shows that the decline saw Bitcoin open interest plunge from $47 billion to $35 billion, marking a major reset in market leverage […]
Bitcoin Weekly Preview: Trump’s Tariff Playbook Is Back — Here’s How To Trade It
Bitcoin heads into the new week with a clean catalyst: the White House’s tariff brinkmanship with China and a market structure that just absorbed the largest crypto liquidation on record. Markets have marched through the tariff cycle almost beat-for-beat, and as of Monday we are squarely at Step 8 of The Kobeissi Letter’s template: the […]
1.6M Traders Liquidated in Record Cascade, Analyst Calls It a ‘Perfectly Executed’ Trade
Bitcoin and altcoins experienced the largest-ever liquidation cascade this past week, which has now reshaped positions across retail and institutional traders alike. Over 1.6 million leveraged traders were wrecked during the event, highlighting just how crowded the long side had become. While the extreme bearish sentiment has dissipated as Bitcoin and altcoins staged a recovery, […]
Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push
Bitcoin Magazine Citi to Launch Crypto Custody Service in 2026 as Wall Street Deepens Bitcoin Push Citi is reportedly preparing to roll out a crypto custody service by 2026, joining a growing list of Wall Street institutions expanding into bitcoin and other assets due to a friendlier U.S. regulatory climate. Biswarup Chatterjee, Citi’s global head […]
Bitcoin Miners Lead Crypto Stock Bounce as OpenAI-Broadcom Deal Fuels AI Trade
Crypto mining stocks tied to the red-hot artificial intelligence (AI) data center trade were the fastest horses on Monday to recover from Friday’s market rout. Bitfarms (BITF) and Cipher Mining (CIFR) surged 26% and 20% respectively on Monday, while Bitdeer (BTDR), IREN (IREN) and MARA Holdings (MARA) advanced around 10%. The rally reflects optimism that […]
XRP Extends Weekly Drop as Price Holds Above $2.37 Support Zone
The last week has seen XRP experience a sharp decline and the price movement of the currency shows a total ABC corrective pattern after the last high. The cryptocurrency is currently trading at $2.60 with a seven-day downward change of 13.1%. The correction, which began after the formation of the B wave near the $3.21 […]
Citi Eyes 2026 Crypto Custody Launch After Years of Quiet Development: CNBC
Citi (C) plans to offer crypto custody services in 2026, enabling the bank to hold native digital assets like bitcoin and ether on behalf of clients, according to a report by CNBC. The move marks another step by the Wall Street bank into the digital asset space. Biswarup Chatterjee, Citi’s global head of partnerships and […]
Latest Bitcoin software called “malware” as developers split by code change
Bitcoin Core, the dominant software powering roughly 80% of all BTC nodes, has rolled out its long-awaited v30.0 update. The update, published on Oct. 11, brings optional encrypted node connections, performance and fee optimizations, and several bug fixes. Yet the change to OP_RETURN, Bitcoin’s built-in “data graffiti wall,” has triggered the loudest response. What Changed […]
JPMorgan Confirms Clients Will Trade Bitcoin and Crypto
Bitcoin Magazine JPMorgan Confirms Clients Will Trade Bitcoin and Crypto JPMorgan has re-confirmed it will allow clients to trade Bitcoin and other cryptocurrencies. While the bank will not immediately offer custody services, it is expanding its blockchain initiatives and exploring how crypto fits into its broader markets strategy. Scott Lucas, JPMorgan’s global head of markets […]
We Asked 3 AIs if Binance Coin (BNB) Can Flip Ethereum (ETH) This Cycle
Despite plunging well below $1,000 during the crypto market crash last week, Binance Coin (BNB) quickly returned to the green track. Just a few hours ago, its price tapped a new all-time high of around $1,370, while its market capitalization soared to approximately $190 billion. BNB remains the third-largest cryptocurrency, so we decided to ask […]