Key Notes Solana price rebounds 5%, reclaiming its $100B market cap amid record DEX trading volumes. Solana-hosted perp DEXs process over $8B in volume during the liquidation event, signaling ecosystem resilience. SOL open interest climbs 6.9% to $10.2B, reflecting rising bullish reentry expectations. Solana (SOL) price rebounded 3% on Sunday, October 8, reaching intraday highs of $190 and reclaiming its $100 billion market cap for the first time since early September. The recovery follows a week of volatility triggered by U.S. President Donald Trump’s renewed tariffs on China, which sparked…
Category: Reviews
$1.4B USDT Enters Binance as Liquidations Plunge 98%
Key Notes $1.4 billion USDT entered the largest crypto exchange in 24 hours. Crypto liquidations plunged to nearly $500 million. Bitcoin and Ethereum see mild gains as the market-wide volatility cools down. After losing roughly $400 billion in 24 hours, the crypto market is finally seeing a modest incline with expectations of a recovery. Cryptocurrency traders and investors deposited 1.4 billion USDT tokens via ERC-20 to Binance over the past 24 hours, according to data from Coinglass. The total amount of USDT deposits into centralized crypto exchanges reached $1.81 billion.…
BlackRock Sells $80M ETH For BTC: Is Ethereum Price Under Pressure?
Key Notes BlackRock’s $80 million ETH sell-off accelerated Ethereum’s 14% price drop amid market-wide liquidations. ETF data shows investors rotated from ETH to BTC, but on-chain staking deposits surged by $114 million. Staking activity hints at long-term conviction, supporting Ethereum’s rapid rebound above $3.800. Ethereum price fell 14% to $3,800 on Saturday, October 11, doubling Bitcoin’s 7% losses as ETF trading data revealed that BlackRock led Ethereum sell-offs with $80.2 million in net withdrawals on Friday while simultaneously adding more BTC. The sell pressure coincided with turbulent market reactions to…
Trump, China, and Bitcoin Jesus, Roger Ver Driving Zcash (ZEC) Price Rally to 4-Year Peak
Key Notes Zcash price surged 30% to a four-year high amid a $19 billion crypto market crash. Roger Ver’s $48 million DOJ settlement fueled optimism about easing U.S. crypto enforcement. Rising US-China trade tensions under Trump renewed demand for politically neutral, privacy-focused cryptocurrencies like ZEC. Zcash (ZEC) price surged by 30% on Saturday, October 11, hitting a four-year high of $284, even as the broader crypto market erased more than $19 billion in derivatives positions within 24 hours. While Bitcoin and Ethereum plunged below key technical supports, Zcash emerged as…
Why BNB Price Holds Above $1,000 Despite $19 Billion Crypto Crash
Key Notes BNB price fell 9.6% but held above $1.000, on Saturday, outperforming rival large-cap cryptocurrencies. Data shows traders favored BNB and BTC in “flight-to-safety” trades amid $19 billion in liquidations. The exchange token sector proved more resilient, declining only 5.4% versus the 9% global crypto market drop. BNB price held above $1,130 on Saturday, October 11, declining 9.6% in line with the broader market crash that wiped out $19 billion from the global crypto liquidation in 24 hours. Yet, key market data shows BNB displayed stronger resilience and remains…
XRP Price Recovers From the Bottom As Whales Buy the Dips
Key Notes XRP trading volumes shot up 354% above the 30-day average, signaling a potential completion of the liquidity flush. On-chain data shows wallets holding over 1 billion XRP increased their holdings from 23.98 billion to 25.02 billion. XRP is showing its second-longest capitulation wick in history, similar to 2017 before a major rally. Amid the broader crypto market crash, Ripple’s native crypto XRP has corrected 13% and is currently trading at $2.44. However, the intraday chart shows that XRP took a dive to the lows of $1.5, before recovering…
Galaxy Digital Raises $460 Million to Dump Bitcoin Mining for AI
Key Notes Mike Novogratz’s Galaxy Digital recently received a $460 million private investment to transform its Bitcoin mining facility into an AI data center. The investment was from one of the world’s largest, but anonymous, asset managers. Galaxy Digital plans to commit some funds to its Helios deal in the long term. In a bid to make an Artificial Intelligence (AI) data center out of its former Bitcoin mining site in Texas, Galaxy Digital has secured a $460 million private investment. According to sources familiar with the matter, the…
$19.35 Billion in 24 Hours, Largest Crypto Liquidation Event Recorded
Key Notes CoinGlass liquidation heatmap shows that $19.35 billion was liquidated from 1,666,361 traders. Bitcoin, Ethereum, Solana, and XRP were impacted, as their prices have dipped. Bitcoin price slipped below $110,000, dragging most altcoins along. Within the past 24 hours, the broader cryptocurrency market has seen 1,666,361 traders suffer liquidations. The total liquidations currently amount to $19.35 billion, according to data from Coinglass. This comes off as the largest liquidation that the digital asset sector has ever seen, coming right after an exciting market rebound. Donald Trump Warns of 100%…
Ethereum Foundation, Keyring Network Initiate Legal Defense Fund for Tornado Cash Developers
Key Notes Protocol fees from Keyring’s zero-knowledge DeFi vaults are allocated to defend developers charged with facilitating money laundering. The cases will establish legal precedent on whether open-source privacy software creators can be held liable for third-party misuse. Ethereum Foundation coordinates sustainable defense funding as a model for protecting developers building privacy-enhancing blockchain tools. The Ethereum Foundation and Keyring Network have announced a collaborative initiative aimed at supporting the legal defense of Tornado Cash developers, Roman Storm and Alexey Pertsev, who are facing ongoing legal challenges in the US and…
US Platform Blue Ocean Eyes Tokenized Stocks For 24/7 Trading
Key Notes The platform will tokenize major stocks for round-the-clock trading in fractional shares, democratizing equity access globally. Blue Ocean’s move follows ICE’s $2B Polymarket acquisition and Nasdaq’s SEC filing to enable tokenized stock trading. Global tokenized assets reached $33B, led by private credit at $17.5B and US Treasuries at $8.4B market share. On Oct. 10, Blue Ocean, an off-exchange platform for overnight US stock trading, announced its official entry into blockchain-based equity offerings. Blue Ocean allows investors to buy and sell blue-chip stocks like Apple and Tesla after Wall…