The crypto market is facing renewed turbulence as earlier gains quickly faded, leaving traders on edge. Summary Bitcoin rose above $113,000 before pulling back later in the day. Liquidations hit $662 million as traders exited leveraged positions. Market sentiment fell to “extreme fear” with a Fear & Greed Index score of 25. The cryptocurrency market staged a brief recovery on Oct. 21, with Bitcoin climbing past $113,000, Ethereum reclaiming $4,000, and BNB rising above $1,100 before momentum faded. By early morning Oct. 22, the market had retraced, giving up most…
Category: CryptoX News
Bitcoin OG Places $234M BTC Short Bet After Profiting Big from Trump’s China Tariffs
Bitcoin’s BTC$112,395.79 price has made a strong recovery since the October 10 crash, but not everyone is convinced. One notable skeptic is a Bitcoin OG who earned $200 million by shorting BTC ahead of the October 10 sell-off, which was reportedly sparked by President Donald Trump’s aggressive tariff announcement on China. On Tuesday, the whale placed a new bearish bet, swiftly increasing it to a $234 million short position on BTC via the decentralized exchange Hyperliquid, according to data from Arkham. The liquidation price for this short is $123,000, the…
Brian Armstrong Says Privacy Transactions Are Coming to Base
Coinbase CEO Brian Armstrong said his team is moving closer toward making private stablecoin transactions possible on the Ethereum layer-2, Base, which could bring a much-needed boost to privacy on public blockchains. “Base is building private transactions,” Armstrong said in a post to X on Tuesday, noting that Coinbase acquired crypto privacy platform Iron Fish in March to deliver on that mission. Many respondents asked whether the privacy solution would mandate Know Your Client checks; however, Armstrong didn’t address those concerns, stating that more details would be shared soon. Source:…
Here Is How Long Government Shutdown Will be: Asia Morning Briefing
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CryptoX’s Crypto Daybook Americas. Prediction market bettors are growing increasingly convinced that the U.S. government shutdown will make history. Contracts on Polymarket and Kalshi are pricing in a resumption of government after 40 days, surpassing the 35-day record set in 2019. Traders on Polymarket assign the highest probability to a…
Fed Explores Payment Account That Could Pull Crypto Into the Heart of US Finance
The Federal Reserve is charting a bold new course by exploring a “payment account” framework that could give fintechs and crypto firms streamlined access to its core payment systems—ushering in a transformative era for blockchain integration in U.S. finance. New Fed Proposal Could Reshape How Crypto Firms Connect to the US Financial Grid A major […] Source CryptoX Portal
XAUt and PAXG prices tumble 6% amid gold’s sharp decline
Tokenized gold tokens XAUt and PAXG prices fell more than 6% each over the past 24 hours as the price of gold slumped to its biggest intraday dip. Summary Tether Gold and PAX Gold fell 6% each as tokenized gold tokens slumped alongside Gold. Spot gold fell to $4,122 an ounce, with the precious metal falling to its biggest intraday drop since 2013. Bitcoin saw slight gains amid the gold slump, rising to above $112,000. As Bitcoin price edged up to above $112,000 amid a slight uptick for cryptocurrencies, the…
Bitcoin Treasury Companies, Whither Thence
Over 160 publicly listed companies have now adopted bitcoin as a core treasury strategy, collectively holding nearly a million BTC, about 4% of circulating supply. What began as a bold experiment by one firm has morphed into a global playbook: raise capital, buy bitcoin, and deliver partial equity exposure to bitcoin through a listed vehicle. These stocks are trading not on earnings or cash flow, but on their ability to deliver bitcoin per share, and most companies have achieved market capitalizations above Net Asset Value, or as it is now…
Galaxy Digital Q3 Profit Surges on Trading Boom
Galaxy Digital reported strong third-quarter earnings results, driven primarily by higher trading activity and continued expansion in asset management, signaling steady institutional interest in crypto-focused financial services. The company reported net income of $505 million for the quarter ending Sept. 30, with adjusted earnings of $629 million, boosted by record results in its digital asset operations and investment gains. Galaxy closed the quarter with $3.2 billion in equity, including $1.9 billion in cash and stablecoins. Galaxy’s Q3 2025 results. Source: Galaxy Trading volumes jumped 140% from the previous quarter, fueled…
SharpLink adds 19K ETH as corporate treasuries buy the dip
SharpLink Gaming has expanded its Ether treasury to 859,853 ETH, worth roughly $3.5 billion, following a $76.5 million capital raise completed on Friday. The company announced the acquisition of an additional 19,271 ETH at an average cost of $3,892 per Ether (ETH) in a press release on Tuesday. SharpLink earned 5,671 ETH in staking rewards since launching its Ethereum treasury strategy in June. At current prices of about $4,100 per ETH, those rewards are worth around $23.25 million. Staking allows SharpLink to deploy its ETH holdings as validators on Ethereum’s…
Bitcoin and Ether ETFs Begin the Week With Combined $186 Million Outflow
Crypto ETFs started the week on a weak note, with bitcoin funds seeing a modest $40 million outflow, while ether ETFs suffered heavier redemptions of $146 million. Ether Sees $146 Million Outflow While Bitcoin ETFs Record $40 Million Exit What started as a day of promising inflows for bitcoin exchange-traded funds (ETFs) on Monday, Oct. […] Source BitcoincryptoexchangeExchanges CryptoX Portal