Market Signal Briefing

October’s $19B liquidation revealed how fragile centralized exchanges remain, exposing liquidity gaps, outage risks, and the limits of trust-based trading models.Binance’s alleged 9% listing-fee demand reignited long-standing fairness debates, deepening the crisis of confidence as traders questioned centralized gatekeeping.DeFi platforms like Hyperliquid, Uniswap, and Aave maintained uptime and transparency through the chaos, proving on-chain markets can outlast centralized giants.Crypto Black Friday’s record liquidations erased $19 billion in positions, exposing transparency gaps between centralized and decentralized venues. As Binance stumbled, Hyperliquid held firm, making the 10.10 crash crypto’s biggest stress test since FTX.

The crash and Binance’s recent listing controversy underscored one growing theme: the cost of centralization and the appeal of open systems.

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The Crash That Shook TrustLatest Update
Bloomberg reported that Hyperliquid processed over $10 billion of the $19 billion in liquidations while Binance suffered outages and refunded users. The DEX maintained 100% uptime, proving its resilience during extreme volatility.

Background Context
Bitwise CIO Matt Hougan noted that blockchains “passed the stress test,” highlighting that DeFi venues like Hyperliquid, Uniswap, and Aave stayed operational while Binance had to compensate the traders. His conclusion: decentralization preserved market integrity as leveraged traders collapsed.

Spot Volume: Binance vs Hyperliquid | Dune Dune data shows Binance dominates spot volume, while Hyperliquid’s share remains under 10% despite steady growth through mid-2025. The same trust gap that surfaced during the crash soon reappeared in a different form — the listing fee debate.

Binance Faces the Listing BacklashDeeper Analysis
Limitless Labs’ CEO alleged that Binance demanded 9% of the token supply and multimillion-dollar deposits for listings. Binance denied it, citing refundable deposits, and defended its Alpha program. The fairness debate erupted as CEX trust hit new lows.

Behind the Scenes
CZ argued exchanges follow different models and said, “If you dislike fees, build your own zero-fee platform.” Hyperliquid replied that on its network, “there is no listing fee, department, or gatekeepers.” Spot deployment is permissionless: any project can launch a token by paying gas in HYPE and earn up to half of trading fees on their pairs.

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DEX and AMM have already ensured free listing, exchange, and liquidity for any asset

If a project is willing to pay high listing fees it’s for marketing, not market structure

Proud of the role we played in making this a reality

— Hayden Adams 🦄 (@haydenzadams) October 15, 2025
Uniswap founder Hayden Adams argued that DEXs and AMMs already offer free listing and liquidity—if projects still pay CEX fees, it’s purely for marketing.

Hyperliquid Emerges as the On-Chain ContenderEssential Facts

PlatformSept 2025 VolumeMarket CapHyperliquid≈ $200 B≈ $13.2 BAster≈ $20 B≈ $2.5 BdYdX≈ $7 B monthly$1.5 T cumulativeDefiLlama data: Perp DEX share rose from <10% in 2023 to 26% in 2025.Sponsored

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Looking Forward
VanEck confirmed Hyperliquid captured 35% of blockchain fee revenue in July. Circle added native USDC to the chain, and Eyenovia launched a validator and HYPE treasury. HIP-3 enabled permissionless perps, letting builders create futures markets for any asset.

Grayscale reported that DEXs have become price-competitive with CEXs, citing Hyperliquid as 2025’s breakout. It projects that DEXs could dominate the long tail of assets where transparency and community governance matter most.

Hyperliquid’s edge lies in efficiency. A ten-engineer team runs a venue rivaling Binance’s 7,000 staff and $500M marketing spend. The DEX turns savings into token value and liquidity rewards by cutting listing bureaucracy and ads. VanEck calls this “profit without marketing spend”—a moat no centralized player can copy.

The data shows Hyperliquid’s share of Binance’s volume hit ~15% in August before easing slightly—signaling rising trader interest in on-chain derivatives.

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The Road Ahead for ExchangesRisks & Challenges
Bitwise analyst Max Shannon told BeInCrypto that decentralized perps could hit $20–30 trillion in annual volume within five years if regulation aligns. He warned that DEXs processing $67B daily may face oversight and need standardized oracles, audited insurance funds, and risk controls.

Expert Opinions

“Perp DEXs can fail, but their risks are transparent and on-chain,” said Max Shannon, Bitwise.

“Hyperliquid has everything it takes to become the House of Finance,” stated OAK Research.

“Centralized exchanges will stay relevant by embracing hybrid models—combining non-custodial trading, deep liquidity, and regulatory trust,” Gracy Chen, Bitget CEO told BeInCrypto

Bottom Line
Paradigm urged the CFTC to recognize DeFi transparency, arguing decentralized trading already meets key regulatory goals like impartial access and auditability. With regulators warming to DeFi and institutions adopting on-chain models, Hyperliquid’s permissionless ecosystem stands as crypto’s most credible alternative to centralized power—where transparency replaces trust as the foundation of finance.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The market has bounced from its recent bottom, and the crypto price prediction for these 3 tokens is becoming much more positive.

Eric Trump, son of U.S. President Donald Trump and co-founder of decentralized finance protocol World Liberty Financial (WLFI), has revealed plans to tokenize a real estate project currently under development. In an upcoming CoinDesk TV interview, Trump teased that the initiative could offer fractional ownership in real estate using WLFI’s blockchain technology, allowing public investors to participate directly.

“We are working on it as it pertains to one specific building that I'm doing right now,” Trump shared, calling the project “absolutely incredible.” This follows earlier comments from WLFI co-founder Zach Witkoff, who suggested plans to bring the Trump Organization’s property portfolio onchain during Token2049 in Singapore.

Real estate tokenization transforms physical assets into digital tokens that can be traded on blockchain platforms, providing broader access and liquidity. Trump envisions opening his family’s property investments to a global base of supporters, enabling retail investors to own micro-shares of high-profile buildings. “If I decided to build a hotel in Washington, D.C. or in Dubai or in New York, why do I have to go out using Deutsche Bank?” he asked. “Why can't I go out to the masses?”

According to Trump, investors could contribute as little as $1,000 for fractional ownership, potentially enjoying added benefits like hotel perks and exclusive access. The project will be integrated with WLFI’s USD1 stablecoin, which aims to bridge crypto and traditional finance. World Liberty Financial recently announced plans for a debit card and retail app to make USD1 usable for everyday payments.

The full interview with Eric Trump will air on October 21 on CoinDesk’s YouTube channel, where he will discuss more about this groundbreaking real estate tokenization venture.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Journalist

Posted: October 16, 2025

Key Takeaways
How hard has the XRP derivatives market been affected?
XRP experienced a huge drop in Open Interest, measuring just over $4 billion, leading to the Estimated Leverage Ratio falling to its lowest in 2025.

Is there hope for a recovery?
Investors will have to wait and watch for an XRP move beyond $3.1 and a BTC rally past $117k in the coming days.

Ripple [XRP] witnessed liquidations worth $610 million for just the long side on the 11th of October. This took the Estimated Leverage Ratio metric to 2025’s lows, showing deleveraging in the XRP Derivatives market.

This steep drop followed a collapse in Open Interest, which typically happens after large-scale liquidation cascades. On the 16th of July, the ELR was at 0.59 when the price of XRP sat at $3.41.

At the time of writing, the ELR was at 0.155, with the altcoin price at $2.5. This reflected a healthy market reset.

Other on-chain metrics supported the idea of a recovery. The $3.1-$3.2 is a particularly important supply zone for bulls to push past.

On that note, the Open Interest (OI) has halved compared to levels from last week.

CoinGlass data for XRP revealed that OI measured $8.47 billion on the 9th of October. It was at $4.14 billion at the time of writing.

This meant that market-wide sentiment remained fearful. A Bitcoin [BTC] price move past $117k would resume a BTC uptrend, giving altcoins breathing space and room to make gains.

Caution until XRP recovery is in sight
Binance saw increased whale inflows to exchanges in October, showing that large wallets were selling XRP. Whale-driven selling pressure leads to a market retracement, but there could be an end in sight.

The whale inflows have been trending downward over the past couple of days.

If sustained, it would signal an ease in selling, and XRP could be rebounding toward the psychological $3 resistance zone.

Spot traders stay cautious amid low demand
The Taker Buy/Sell Ratio remained below 1 for most of the past months, confirming that taker sell volume dominated. This imbalance kept sentiment bearish, reflecting sellers’ control over price movement.

Source: XRP/USDT on TradingView

Moving on, we can observe that the 1-day chart also had a bearish structure.

The local high at $3.09 on the daily must be overcome to flip the structure bullishly. The imbalance (white box) from $2.5-$2.77, as well as the psychological $3 resistance, would pose significant opposition to the bulls’ efforts.

Hence, swing traders need to be wary of taking long positions over the coming days.

Traders need to wait for sustained demand and easing whale sell pressure, along with an uptick in OI to signal that a recovery was underway.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

The market is not receiving enough inflows, which is essentially leading to a continuation of a downtrend that was triggered by the flash-crash on the market we witnessed only a few days ago. Right now, smaller assets like SHIB and SOL are actively trying to recover, while Bitcoin might have finally found a local bottom.

SHIB's key levelShiba Inu has officially entered a downtrend, and the technical structure does not favor optimism in the near future. Following several days of trading close to important support levels, SHIB has clearly broken below the $0.0000110 region, and the market is starting to acknowledge that the token has essentially added another zero to its chart. This development represents a significant structural and psychological change for the meme coin.

SHIB/USDT Chart by TradingViewSHIB, a former retail favorite, is currently facing a void below current levels, as no strong support zones remain until well below $0.0000090. With the 50-day, 100-day and 200-day EMAs (orange, blue and black) sloping downward and a clearly extended sequence of lower highs and lower lows, the chart further supports the bearish bias. From the standpoint of the larger market, this is a trend confirmation rather than merely a brief correction.

HOT Stories

Strong seller conviction is indicated by the large volume spike during the initial breakdown, whereas weak buying pressure is indicated by the subsequent muted rebound. Shiba Inu is more likely to continue drifting lower and consolidating in the newly formed price range as momentum dies down.

Technically speaking, the market has also disproved the larger symmetrical triangle pattern that had given SHIB midterm guidance since the summer. Given that structure’s disruption, traders are reassessing SHIB’s chances and preparing for a possible retest below $0.0000090, which, if downward pressure continues, may soon establish itself as the new standard.

At this point, the downward trend is confirmed and not speculative. SHIB’s chances of a robust recovery in the near future are low unless a significant catalyst reenters the picture, like a massive burn event or an unanticipated market-wide reversal. With market confidence steadily declining, the token has formally entered a period of sustained weakness.

Solana stabilizes successfullySolana has quietly stabilized around the $200 mark, and that consistency alone is beginning to draw attention, particularly as the majority of major cryptocurrencies still struggle with volatility and unpredictable price swings. Solana’s relative stability is generating comparisons that might signal the beginning of a possible change in market sentiment, as Ethereum experiences increased uncertainty following its most recent decline below $4,000.

Over the past few weeks, Solana has shown a pattern that is very different from Ethereum’s: stronger recoveries off support levels, tighter trading ranges and fewer abrupt corrections. The 200-day EMA’s recent recovery from just under $190 shows that SOL’s buyers are still in complete control. Solana’s order books have demonstrated depth and stability, laying the groundwork for more gradual but sustainable growth, in contrast to Ethereum, which is still vulnerable to strong liquidation waves.

However, momentum is insufficient on its own. In order to genuinely surpass Ethereum in this cycle, Solana needs to attract more market activity, specifically steady trading volume and confirmation above important resistance levels around $216-$220. If the general mood of the market cooperates, a breakout there might set up Solana for a fresh test of its 2025 highs, with possible targets in the $240-$250 range.

The main factor contributing to Solana’s increasing popularity is its ability to withstand market turbulence. When other altcoins struggle, its operational strength has translated into price stability because its network is still among the fastest and most active in the ecosystem. Solana has a distinct edge because of its ability to remain calm in the face of chaos, even though it may be too soon to declare it the new leader over Ethereum.

In fact, Solana might emerge as the most notable performer of Q4, 2025, and perhaps the next standard for smart contract platforms, if momentum keeps up and support keeps building at $200.

Bitcoin is finally stoppingBitcoin may be about to form a double-bottom pattern, one of the most promising reversal structures in technical analysis. The market’s biggest cryptocurrency seems to be stabilizing around the $112,000-$113,000 range after weeks of volatility and steep retracements, suggesting that a significant accumulation phase may be about to begin.

Bulls are still active, as evidenced by the subsequent recovery above the 100-day EMA, despite the initial dip near the $110,000 support earlier this month that caused significant liquidation and a wave of panic selling. Bitcoin appears to be testing the same area once more right now, which could indicate the second leg of this well-known formation.  

Bitcoin’s recent performance indicates resilience, even in the face of slight intraday corrections. The 200-day EMA (black line) is still a strong level of support that offers a technical buffer against any significant decline. Even though they are not yet bullish, momentum indicators such as the RSI are clearly indicating that selling pressure is waning.

Although a further drop in price is still possible, it seems unlikely given Bitcoin’s structure and volume dynamics. Bitcoin is unlikely to sustain a break below $108,000 unless the market is shocked by a significant macro catalyst. A breakout above $116,000 could confirm the formation and draw a wave of technical buying if the pattern fully develops in the upcoming days.

Essentially, the Bitcoin chart suggests a period of calm preceding a possible bullish reversal, with little chance of further losses. The market is subtly preparing for what might be the subsequent upward leg of this continuous consolidation cycle.

Pi Coin has regained market attention as its ecosystem expands into decentralized finance (DeFi), signaling potential for renewed growth. Currently trading around $0.213, the PI/USD pair hovers just below key resistance at $0.228. A breakout above this level could pave the way toward $0.28, while a failure to close higher may trigger a short-term pullback to $0.208.

Technical indicators show early signs of recovery. The MACD line recently crossed above the signal line, confirming growing bullish momentum and signaling a potential reversal. If buyers maintain control and push past resistance, Pi Coin could stage a 70% rally toward $0.36, reinforcing the outlook for a broader recovery.

Market optimism continues to strengthen ahead of the Q4 2025 mainnet upgrade, which aligns with the Pi Network’s vision for long-term scalability. The network’s new DEX and AMM testnets mark a major milestone, introducing decentralized trading and liquidity pooling features that enhance real-world utility. These developments reflect Pi’s ongoing shift toward a functional, community-driven DeFi ecosystem.

The upcoming Protocol 23 upgrade, built on Stellar Core v23.0.1, aims to improve transaction throughput and network efficiency. Analysts like Dr. Altcoin highlight this as a critical step toward positioning Pi among the next wave of utility-focused blockchain platforms. He also suggested that strategic token burns or buybacks could further enhance liquidity and price stability.

With expanding DeFi adoption and a growing user base, Pi Network appears poised for sustainable growth. As enthusiasm returns and fundamentals strengthen, the Pi coin price outlook remains increasingly bullish, suggesting that stabilization could soon give way to a significant recovery rally.

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Victims of a large-scale cryptocurrency scam are set to receive restitution from the UK following the arrest of the perpetrators, who the London Metropolitan Police seized thousands of Bitcoins from in connection with a massive investment scam. UK prosecutors are preparing to confiscate Bitcoin worth about $6.

New York — The air over Brooklyn carried that unmistakable crispness of early autumn — cool, alive, and charged with anticipation. From the moment the doors opened, the hum of conversation and the glow of screens filled the hall.

Developers, investors, and visionaries from around the world had gathered for one reason:
to witness how far blockchain has come — and where it’s heading next.

For two days, Aptos Experience 2025 would turn New York into the epicenter of real-world Web3 innovation. And on opening day, that promise came vividly to life.

A Morning of Vision — “Aptos Goes Real”

The morning began with a moment of clarity. Ash Pampati, SVP and Head of Ecosystem at the Aptos Foundation, stepped onto the stage and declared,

“Aptos is no longer just an idea. It’s a living infrastructure for the real world.”

He spoke of 330 active projects, 3.5 billion transactions, and a community that refuses to slow down. The audience — a sea of developers and founders — nodded in quiet agreement. This wasn’t hype anymore. It was history in motion.

Then came Aptos Labs CEO Avery Ching, whose energy filled the room like voltage. Unveiling the Global Trading Engine, he described a world where financial markets could run entirely on-chain — a network so fast it edges close to the speed of light.

“Finance deserves transparency,” he said, “and the next generation deserves a system that runs in real time.”

The applause that followed wasn’t polite — it was electric.

The Builders’ Sessions — Where Code Finds Its Purpose

Technical minds took the stage next. Sasha Spiegelman, Head of Research at Aptos Labs, delivered a striking message:

“TPS won’t save you.”

Speed, he argued, only matters when it’s usable. Behind him, a giant screen lit up with visuals of BlockSTM v2 — a new parallel execution engine capable of processing over a million transactions per second. This was blockchain stripped to its essence: not theoretical, but mechanical perfection.

Then came Kent White, presenting Decibel — Aptos’ new on-chain trading infrastructure. “Trading shouldn’t be chaotic noise,” he said. “It should be harmony — spot, perps, and yield all speaking the same language.” For a moment, even seasoned traders in the audience looked like kids seeing the future unfold.

Afternoon Light — When Data Becomes Value

As the sunlight streamed through the glass, Pranav Raval took the stage with quiet confidence. His topic: Shelby — a data infrastructure designed to turn information itself into currency.

“Data is the new income stream,” Raval said. “Every byte you generate has value — and Shelby makes that value visible.”

He spoke of AI learning directly from on-chain data, of creators earning revenue from their own digital footprints, and of a world where data doesn’t belong to corporations — but to the people who create it. The crowd listened in silence. It felt less like a tech demo, and more like a manifesto.

Finance Steps Forward — Stablecoins and Wall Street Go On-Chain

By late afternoon, the energy shifted from code to capital. On one stage, Emilio Rivero Coello moderated a sharp discussion between Chris Maurice of Yellow Card and Pawas Chandra of Jio Sphere. Their topic: stablecoins — the quiet giants of the digital economy.

“People are already riding these rails,” Maurice said. “They just don’t realize it yet.”

Stablecoins, he argued, are now faster than banks, cheaper than remittance systems, and quietly reshaping global finance. Chandra agreed, adding that “accessibility and cost-efficiency are the real revolutions.”

Moments later, the final panel of the day — From Wall Street to Wallets — brought together the titans of traditional finance: BlackRock, Aptos Labs, Franklin Templeton, Galaxy, and Pact Labs. They spoke not of experiments, but execution.

“Tokenization isn’t coming — it’s already here,” said Franklin Templeton’s Ric Golubov. “Thirty years ago, ETFs transformed investing. Tokenization will do it again.”

BlackRock’s Thomas Chevallier added, “In five years, we won’t say ‘tokenization.’ We’ll just say ‘assets.’”

And with that, the distance between Wall Street and Web3 suddenly felt very small.

Evening in Brooklyn — Where the Future Felt Tangible

As twilight settled over the East River, the Aptos logo glowed red against the Brooklyn skyline.
Developers gathered by the windows, drinks in hand, talking about the day’s announcements — some in English, others in Korean, Japanese, and Hindi. It felt like a moment suspended in time — where ambition, code, and capital finally spoke the same language.

Aptos Experience 2025 wasn’t just a conference. It was proof that blockchain is growing up —
from theory to infrastructure, from tokens to trust, from the metaverse to the real world.

TokenPost is covering Aptos Experience 2025 live from New York — capturing the conversations, technologies, and people building the next internet of value.

👉 Follow our full coverage: tokenpost.kr/topics/aptos-experience

In brief
The channel was briefly compromised late Wednesday, promoting a Solana-based token.
An hour later, the PGL YouTube channel, run by the Romanian esports organizer behind Valve-sanctioned tournaments, was also reportedly hijacked to stream a fake Bitcoin giveaway.
Decrypt independently verified screenshots of the compromised Dota 2 channel before the content was removed.
The official Dota 2 YouTube channel was briefly compromised on Wednesday, with the account promoting a Solana-based token called dota2coin through what observers described as a fraudulent livestream.

There are no indications of user data being compromised beyond the fraudulent promotions. Decrypt independently confirmed the video’s existence through a notification history log.

The livestreamed video titled “Dota 2 Launch Official Meme Coin | Hurry Up,” was accompanied by a link to a PumpFun token. The coin's description, in return, included a link to the official YouTube channel. 

It also comes amid reports of some users experiencing playback errors across YouTube's platform with some unable to watch videos at all, according to a report by 9to5Google.

At the time of writing, the meme coin’s market cap has fallen to around $5,500, down roughly 21% since its launch at roughly 21:55 UTC, according to data from Pump.fun.

The coin’s on-chain metrics suggest it was created within hours of the hack, with less than 3% bonding curve progress and a single wallet holding over 98% of the token supply.

Reddit users on the r/DotA2 thread quickly documented the hack, posting screenshots of the fake token promotion and warning others not to engage.

The breach appeared to spread beyond Dota 2’s official channel, with users later reporting that PGL, a Romanian esports organizer responsible for hosting Valve-sanctioned Dota 2 tournaments, was also hacked.

A post on Reddit’s r/DotA2 sub showed the PGL YouTube account broadcasting a fake Bitcoin livestream impersonating Strategy executive Michael Saylor, with over 2,000 viewers at one point.

Decrypt reached out to Valve and PGL to confirm. PumpFun co-founders did not immediately respond to Decrypt’s request for confirmation and comment in a Telegram group.

The breach follows a familiar pattern seen across multiple high-profile YouTube hijackings in years past, which have been used to push fraudulent crypto schemes since at least 2020.

At the time, hackers were taking over popular creators’ channels, rebranding them to impersonate known crypto figures, and running fake token promotions or livestream “giveaways.”

A later report citing Google’s Threat Analysis Group detailed how attackers systematically compromised verified YouTube accounts, often through phishing emails disguised as sponsorship offers, to mimic exchanges like Binance or Gemini and broadcast counterfeit crypto events.

Institutional and public-sector accounts have been targeted as well. Last year, India’s Supreme Court YouTube channel was hacked to promote an XRP-branded scam stream, echoing the same tactics now seen in the Dota 2 case.

Some tech icons have also been impersonated. In August, fake videos using Apple co-founder Steve Wozniak’s likeness led to victims losing “life savings” in similar Bitcoin giveaway scams.

GG NewsletterGet the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.

Ethereum developers are moving closer to the mainnet rollout of the highly anticipated Fusaka upgrade. Early Tuesday, the second test of Fusaka began on the Sepolia network, following a successful trial on the Holesky testnet two weeks ago.

Zcash (ZEC) surged 109% to $266, hitting a 4-year high as its correlation with Bitcoin dropped to 0.02, signaling near-total independence from BTC’s price movements.Despite the strong uptrend, liquidation risks loom — a drop below $224 could trigger $9 million in leveraged losses and spark short-term volatility.Sustaining bullish momentum could push ZEC past $290 toward $338, while falling under $224 may send it sliding to $176 and invalidate the bullish outlook.Zcash (ZEC) has become one of the strongest performers in the crypto market, with its price soaring 109% amid improving conditions across digital assets. 

This surge comes as the privacy-focused cryptocurrency appears to be moving independently of Bitcoin, breaking the historical correlation that often dictated its price trends.

Zcash Pulls Away From The KingThe correlation between Zcash and Bitcoin has dropped to just 0.02, indicating a near-total decoupling from the world’s largest cryptocurrency. A correlation this low means that ZEC’s price movements are largely unaffected by Bitcoin’s volatility. This independence allows Zcash to follow its own trajectory, driven by internal market conditions rather than broader BTC trends.

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If the correlation dips below zero, Zcash will officially begin moving inversely to Bitcoin — a highly favorable sign given BTC’s recent stagnation. This independence strengthens Zcash’s position as a standout performer during a period of mixed market sentiment.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

ZEC Correlation With Bitcoin. Source: TradingViewDespite the strong uptrend, Zcash’s liquidation map highlights a potential risk. A drop below its closest support level at $224 could trigger roughly $9 million in liquidations. This suggests that traders holding leveraged positions may face sharp losses if the market sees even minor corrections.

The recent surge may also signal that ZEC is approaching a short-term saturation point. As the asset records higher profits, investors could begin booking gains, which historically leads to mild corrections. If profit-taking accelerates, liquidations could exacerbate volatility and create short-term downward pressure.

ZEC Liquidation Map. Source: CoinglassZEC Price May Continue Its PushAt the time of writing, ZEC is trading at $266, holding firm above the $224 support but facing resistance at $290. The crypto token is likely to maintain a range-bound pattern as it consolidates its recent gains.

If bullish momentum continues, Zcash could break above $290 and target $338, extending its rally. Such a move would confirm strong investor confidence and reinforce the asset’s breakout from Bitcoin’s influence.

ZEC Price Analysis. Source: TradingViewHowever, a shift in sentiment or heavy profit-taking could push ZEC below $224, leading to forced liquidations and a possible drop to $176. Such a decline would invalidate the bullish outlook and highlight the risks tied to rapid gains in volatile markets.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

UK authorities have discussed paths to Bitcoin victims' compensation after police seized 61,000 BTC tied to a China fraud; courts have scheduled civil recovery into 2026 as Treasury treatment sits outside forecasts and officials consider market impact.

Paxos mistakenly minted $300 trillion in PYUSD before quickly burning the tokens and reissuing $300 million, citing user error.The blunder exposed a lack of on-chain safeguards, proving stablecoins can be minted without proof of reserves or collateral checks.The event renewed calls for transparency and Web3-native mechanisms to ensure accountability across the growing stablecoin sector.Paxos accidentally minted $300 trillion in PYUSD today, prompting community incredulity. The firm quickly burned these tokens and minted $300 million, claiming user error.

This gaffe has highlighted a real concern in stablecoins: these protocols don’t need proof of reserves to mint tokens. Web3-native solutions could power new mechanisms, but issuers may not wish to implement them.

Paxos’ PYUSD BlunderPayPal has been expanding its PYUSD stablecoin recently, adding new blockchains with a series of partnerships. One recent incident, however, may shake confidence in the token and its entire sector. In an apparent error, Paxos minted $300 trillion worth of PYUSD today, which is more money than exists in the entire world economy:

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Paxos quickly burned the PYUSD and minted a much more reasonable $300 million around an hour later. This led commentators to suspect a “fat finger” typo, where a user accidentally inputted the wrong number of zeroes. The firm later obliquely confirmed these rumors, saying that no foul play took place.

At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD.

This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root…

— Paxos (@Paxos) October 15, 2025
A Big Problem for StablecoinsStill, though, this incident has caused a lot of concern from industry observers. The stablecoin market is larger than ever, firms are aiming for unprecedented valuations, and the US government has major policy plans for this sector. Shouldn’t there be more guardrails to prevent Paxos from accidentally minting this much PYUSD?

Furthermore, Paxos has had a few run-ins with the law, and PYUSD also faces community scrutiny. Almost exactly one year ago, PYUSD’s market cap dropped 40% without warning, raising fears of manipulation. These red flags have been visible, yet there was no safeguard to prevent this massive token minting.

Specifically, blockchains are meant to be trustless. It’d be easy to hard-code a mechanism into the blockchain that’d prevent Paxos from minting this PYUSD without sufficient collateral. This incident conclusively reveals that there’s no such function in place; protocols can mint stablecoins without any proof of reserves.

This sort of behavior is all over the stablecoin industry. Although Tether has been preparing for a third-party audit for several months now, no audit has actually taken place. Most stablecoins haven’t suffered such ridiculous errors like Paxos and PYUSD did today, but we don’t have any real proof that other tokens actually possess bigger guardrails.

In other words, signs like this are very concerning for the entire sector. Even though Paxos cleaned up its error quickly, this never should’ve happened. Gaffes like this could damage TradFi’s commitment to stablecoin investment.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Bitfarms will use the funds for “general corporate purposes,” including funding capped call transactions to hedge dilution from the conversions.

The XRP price has been exhibiting a complex pattern of consolidation and retracement for weeks. However, according to prominent market analyst Egrag Crypto, there’s a critical signal to watch for that could determine whether the cryptocurrency’s bullish narrative remains intact or not. The expert’s analysis, shared on X social media, highlights that the behaviour of XRP’s 3-day candles could soon decide the direction of its next major move. 

XRP Price Integrity Hinges On 3-Day Candle Closes Below $2
In his post on X, Egrag Crypto explains the “measured move breakdown” for XRP, identifying a key technical formation in the form of a descending triangle that, based on its structure, points to a potential move toward $2.14. The accompanying chart shows XRP hovering between $2.40 and $2.60, with multiple retests of the same price levels over the past few months. Despite the brief wick to the downside, Egrag Crypto suggests that the structure continues to indicate consolidation within the range. 

The analyst reiterates that $2.65 remains a critical price target for XRP. If the cryptocurrency breaks and sustains above it, he predicts that it could regain upward momentum, potentially paving the way for renewed bullish sentiment. However, failure to hold current levels around $2.5 might expose XRP to deeper retracements, particularly if 3-day candles start closing below the $2.00 to $1.91 range. 

Source: Chart from Egrag Crypto on X
Egrag Crypto warns that this specific candle behaviour is concerning, as it could signal a structural breakdown of XRP’s market cycle. It could also invalidate his bullish thesis, suggesting that the recent peak near $3.65 may have been the cycle top. 

Additionally, the analyst’s chart shows XRP’s price action hovering above the 200 Exponential Moving Average (EMA), serving as a long-term support level. Should XRP maintain its position above this moving average, Egrag Crypto asserts that the cryptocurrency’s bullish setup remains valid. He noted that the next 60 to 90 days are expected to be crucial, as XRP’s reaction around the levels mentioned above could define the trajectory of the rest of the year.  

XRP Faces 57% Chance Of Breaking To A New ATH
In a separate analysis, Egrag Crypto introduced a 57% to 43% probability model, sharing his broader perspective on XRP’s potential price direction in the short term. He stated that there is a 57% probability that XRP could break into a new all-time high in the coming months. He also sees a 43% chance that the cryptocurrency could decline significantly, offering traders another opportunity to accumulate it at a price below $1. 

While the probabilities of XRP’s near-term price favor a more bullish outcome, the bearish case remains plausible given the lingering macroeconomic uncertainty and overall crypto market volatility. Egrag Crypto notes that he is personally positioning himself toward the bullish scenario, aligning his expectations with the 57% chance of a major price breakout.

XRP trading at $2.5 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

On October 15, 2025, the cryptocurrency market was rife with activity as Solana's ecosystem witnessed a notable event: a massive whale transaction involving $192 million worth of SOL tokens. This significant movement has underscored the potential bullish future for Solana, sparking interest among investors and analysts alike.

A massive $63 million XRP transfer to Binance during Friday's crash raised eyebrows, but analysts still support a bullish XRP price prediction as smart money continues buying the dip.Buyers stepped in aggressively around the $2 level, showing confidence despite the market shakeout.In the last 24 hours, XRP has climbed 1.6% to $2.

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For years, the Dogecoin community has wished to see the DOGE coin accepted by big institutions, and that moment is finally beginning to arrive. In a post on X, the Dogecoin Foundation says that this new phase, led by House of Doge, is helping DOGE connect with major investors while keeping its lighthearted and community-based identity.

Dogecoin Moves Toward Global Adoption With Institutional Backing
According to the Dogecoin Foundation, the focus on institutional adoption is growing as House of DOGE pursues a NASDAQ Listing, marking a critical new phase for the cryptocurrency. After years of being driven mainly by its loyal supporters, DOGE is starting to attract major investors who see real potential in its future. 

The Dogecoin Foundation announced that House of Doge (HoD) and the Dogecoin Treasury are becoming public organizations, transitioning from private ownership. They have secured 225 million dollars in new funding to support the latest development and push DOGE’s global growth.

With the development, DOGE is no longer limited to crypto traders alone, as both everyday people and traditional investors can now be part of the memecoin’s journey. According to the Dogecoin Foundation, the meme coin is not losing what makes it special, even with all these changes. 

What once seemed out of reach is now becoming possible. As the altcoin aims for a potential NASDAQ listing, the step marks more substantial confidence from institutional investors. 

Strengthening The Ecosystem And Future Development
The Dogecoin Foundation is also bringing focus to the work happening behind the scenes. The Foundation currently employs 15 full-time team members who are actively developing over a dozen open-source projects, including upgrades to the Core, improvements to software libraries, and hardware tools that could bring DOGE closer to millions.

A new 20-year partnership between the Dogecoin Foundation and House of Doge will provide lasting financial support. With a solid structure now in place, the Foundation said it can continue building and improving DOGE for many years. 

Alongside this, the Dogecoin Foundation says that developers are building new projects like the @DogeOS smart contract Layer-2 and the Fractal side-chain to allow DOGE to handle tokenized real-world assets and bring more real use cases to the DOGE network.

With all these projects moving forward, the Dogecoin Foundation says DOGE’s utility is growing faster than ever, and people can expect more use, acceptance, and trust in the memecoin as it continues to grow as a worldwide currency. 

The steady progress shows that the meme coin has evolved far beyond its early image as a fun internet coin. As institutional adoption builds ahead of a potential NASDAQ listing, DOGE could be entering a new stage of maturity and recognition, strengthened by the creativity and teamwork that define its dedicated community.

DOGE continues to trade sideways | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

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I'm Sandra White, a writer at Bitcoinist, and I provide the latest updates on the world of cryptocurrencies. I believe crypto a gateway to a new order and I have made it my life's mission to help educate as much people as possible.
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33 minutes ago

Crypto users were left scrambling on Wednesday after Paxos minted 300 trillion of PayPal's PYUSD stablecoin, then sent it all to a burn address.

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Blockchain data showed stablecoin issuer Paxos both minted and burned 300 trillion tokens of the PayPal USD stablecoin within 30 minutes, leaving many crypto users scratching their heads.

In a Wednesday X post following the mint and burn, Chaos Labs founder Omer Goldberg said Aave would be temporarily freezing trades for PayPal USD (PYUSD) after an “unexpected high-magnitude transaction” of minting and burning the stablecoin. Ethereum blockchain data showed Paxos minting 300 trillion of the US dollar-pegged stablecoin at 7:12 pm UTC and then burning the entire amount 22 minutes later by sending it to an inaccessible wallet.

PYUSD, pegged 1:1 to the US dollar, makes the supply of the burned coins worth about $300 trillion. The stablecoin has a market capitalization of more than $2.3 billion at this writing, making it the sixth-largest coin behind Tether’s USDt (USDT), USDC (USDC), Ethena USDe (USDE), Dai (DAI), and World Liberty Financial USD (USD1).

The 300 trillion PYUSD mint. Source: EtherscanIn a Wednesday X post, Paxos said it had “mistakenly minted excess PYUSD as part of an internal transfer.”

“This was an internal technical error,” said Paxos. “There is no security breach. Customer funds are safe. We have addressed the root cause.”

PYUSD maintained its dollar peg following the news, but its price briefly dropped by about 0.5%, according to data from Nansen.

PYUSD price immediately after the mint and burn. Source: Nansen$300 trillion is more than twice the Gross Domestic Product for every country on earth, according to data from the International Monetary Fund.

This is a developing story, and further information will be added as it becomes available.

Coinbase has placed BNB on its listing roadmap, indicating intent while trading has remained contingent on market-making support and technical readiness. The move has followed public criticism, as Blue Carpet has offered direct access to listings teams and Coinbase has reiterated that listings are free.

U.S. Treasury Secretary Scott Bessent says the move is necessary to compete effectively against “non-market” economies like China. Trump's Anti-China Price Controls Send Bitcoin to $111K China and the U.S. are now embroiled in an all-out trade war and it appears bitcoin has taken the brunt of the impact, more so than stocks. U.S.

The cryptocurrency market has bounced back after starting the day in the red, with Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and other coins trading in positive territory. BTC briefly slipped below the $110,000 mark on Tuesday but bounced back to reclaim $113,000, reaching an intraday high of $113,514. It lost momentum after reaching this level and dropped to $112,076 before recovering and moving to its current level. The flagship cryptocurrency is up nearly 1% over the past 24 hours, trading around $112,450. 

Meanwhile, ETH made a stronger recovery, rising over 3% to reclaim $4,100 and move to its current level of $4,122. Ripple (XRP) is up 1.50%, while Solana (SOL) is up almost 5%, having reclaimed $200 and trading around $205. Dogecoin (DOGE) is up 3%, while Cardano (ADA) is up over 3%, trading around $0.702. Chainlink (LINK) is up 2.61%, while Stellar (XLM) is up over 3%, trading around $0.338. Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) have also registered a sharp increase as markets recover. 

DOJ Seizes $15 Billion In Bitcoin (BTC) The United States Department of Justice (DOJ) has seized $15 billion in Bitcoin (BTC) from a “pig butchering” network. Officials are calling the forfeiture the largest in US History. Federal prosecutors unsealed an indictment on Tuesday, charging Chen Zhi, a Chinese national who holds several passports. Zhi is the mastermind behind the Cambodia-based Price Group, one of the country’s largest conglomerates, with money laundering conspiracy and wire fraud conspiracy. 

The Treasury Department also sanctioned several affiliates of the Prince Group and designated them as criminal organizations. The crackdown comes amid growing cases of the “pig butchering” scam, costing Americans millions. Authorities confirmed the seizure of 127,271 BTC, valued at $15 billion at current prices. Christopher Raia, assistant director in charge of the FBI’s New York field office, said it is one of the largest pig butchering scams they have investigated. 

“The scams are rampant. The FBI is focusing on the biggest cases to try to stop the harm. It’s kind of like jaywalking. Authorities can’t arrest their way out of the problem. The FBI is focusing on the biggest cases to cut off the head of the snake.”

Dow Jones Falls 500 Pts As Trade Tensions Spike The Dow Jones Industrial Average fell 500 points as stocks dropped, thanks to growing trade tensions between the US and China. The benchmark S&P 500 fell 1.3%, while the tech-heavy Nasdaq Composite dropped 2%. US stocks started the week in positive territory after Friday’s rout. However, investor sentiment soured after China retaliated against US tariffs, leading to concerns about an escalation of the trade war between the two largest economies. President Trump has accused China of trying to disrupt the global economy through export controls on rare earth and other crucial minerals. Meanwhile, China countered, calling the restrictions necessary. JPMorgan chief executive officer Jamie Dimon stated, 

“The U.S. economy remained resilient in the quarter. However, significant risks persist — including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits, and elevated asset prices.”

BlackRock CEO Calls Tokenization A “New Wave Of Opportunity” BlackRock CEO Larry Fink expects traditional finance assets to move towards a tokenized version of themselves over the next few decades. Fink stated that he views tokenizing all assets as the next major move for the world’s largest asset manager and a good opportunity to onboard more people. Fink stated, 

“If we can tokenize an ETF, digitize that ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, they’re investing in it, but now we can get them into the more traditional long-term retirement products. We look at that as the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by digitally reporting them and having people stay in that digital ecosystem.”

However, Fink added that tokenization was still in its infancy and had room to expand into several other sectors. 

“I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to bonds. Across the board.”

Fink was initially a crypto skeptic, calling the industry an index of money laundering in 2017 and doubling down on his position in 2018, adding that none of his clients wanted to invest in crypto. However, Fink conceded that while he was a critic in the past, his stance on crypto has changed. Earlier this week, the BlackRock CEO said he believes cryptocurrency will play a crucial role in a diversified investor portfolio. 

“There is a role for crypto in the same way there is a role for gold; it’s an alternative. For those looking to diversify, this is not a bad asset, but I don’t believe it should be a large part of your portfolio.”

Bitcoin (BTC) Price Analysis Bitcoin (BTC) is struggling to regain momentum after registering another substantial decline on Tuesday. The flagship cryptocurrency ended the weekend in positive territory, rising nearly 4% on Sunday and settling at $115,067. The price faced volatility on Monday as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand as BTC registered a marginal increase and settled at $115,274. The price fell to an intraday low of $109,945 on Tuesday as selling pressure returned. It recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. BTC is marginally up during the ongoing session, trading around $113,078. 

While investors are still rattled, trading activity is showing signs of recovery. BTC’s 24-hour spot volume rose 35% to $90 billion, while derivatives turnover rose nearly 40% to $144 billion, according to data from CoinGlass. However, open interest (OI) fell roughly 2% to $72.5 billion, indicating that traders are closing leveraged positions rather than opening new ones. While this soothes volatility in the short term, it leaves markets vulnerable to sudden moves. 

President Trump has intensified trade tensions with China after threatening to ban the import of cooking oil from Beijing in response to the latter’s ongoing boycott of US soybeans. President Trump’s latest threat came after weeks of tariffs, threats, and countermeasures had escalated concerns about a full-blown trade war between the US and China. The latest salvo unsettled already jittery markets, with stocks, commodities, and cryptocurrencies registering sharp drops. As a result, the Nasdaq fell 3.5% as investors turned to safer assets like gold and US Treasuries. BTC, often viewed as a “risk-on” asset, fell with the traditional market. The renewed uncertainty comes after last week’s market crash, which saw over $19 billion in crypto long positions liquidated in 24 hours. Another $600 million was liquidated the following day as traders unwound risk. 

Meanwhile, veteran trader Peter Brandt believes BTC could reclaim previous levels, even its all-time high, but only after another major correction. Brandt stated, 

“Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or so. Or a violation of the parabola, which every time in the past has produced a 75% price decline. I think the day of the 80% decline is over, but perhaps back to $50-60,000 and test the lower skin of the banana.”

However, he acknowledged there could be a bearish outcome as well. Meanwhile, Capriole Investments founder Charles Edwards stated that traders must be careful with leverage and acknowledge long-term risks. 

“If anything, this weekend was a reminder that you have to be so careful with leverage, and even multiples above 1.5x are dangerous. They do, and you need to always consider multi-year, long-term risk.”

However, he added that the weekend volatility was temporary and that the market outlook for the upcoming weeks was positive. 

BTC traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318. The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on Sunday. BTC ultimately ended the weekend at $123,520, up 0.87%. Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393. The price recovered on Wednesday, rising nearly 2% and settling at $123,343. Selling pressure returned on Thursday as BTC fell 1.32% to a low of $119,713 before settling at $121,714.

Source: TradingView

BTC and the crypto market crashed on Friday after President Trump announced 100% tariffs on Chinese goods and new export controls for software. The announcement was made in retaliation for China's imposition of restrictions on rare earth mineral exports. As a result, BTC plunged to $102,000 on Binance before recovering and settling at $112,980. Selling pressure persisted on Saturday as the price fell almost 2% to $110,768. Despite the overwhelming selling pressure, markets recovered on Sunday. As a result, BTC rose nearly 4% to reclaim $115,000 and settle at $115,067. The price faced selling pressure and volatility on Monday, ultimately registering a marginal increase and settling at $115,274. Selling pressure returned on Tuesday as BTC fell to an intraday low of $109,945. It recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. BTC is marginally down during the ongoing session, trading around $112,611. 

Ethereum (ETH) Price Analysis Ethereum (ETH) has rebounded during the ongoing session, rising nearly 1% and trading around $4,155. The altcoin started the week in positive territory, rising over 2% to cross $4,200 and settle at $4,244. However, selling pressure returned on Tuesday as the price fell to a low of $3,895 before recovering to reclaim $4,000 and settle at $4,129, ultimately dropping nearly 2%. 

Although ETH is struggling to regain momentum and reclaim lost levels, BitMine Immersion Chairman Tom Lee and BitMEX founder Arthur Hayes have doubled down on their prediction that ETH will reach $10,000 by the end of the year. The prediction comes despite Friday’s market crash and the fact that there are fewer than three months left for the year to end. Lee stated during a podcast, 

“For Ethereum, somewhere between $10,000 and $12,000.”

Hayes, who appeared on the same podcast, stated that he will stick to his $10,000 prediction. Lee added that a significant rally to $5,000 won’t signal excessive market froth because ETH has been consolidating within range since hitting its all-time high in 2021. 

“Ethereum’s basically been basing for four years now, just broke out of the range, so to me, it wouldn’t be a blow off top, but rather seeking essentially price discovery at a new level.”

Sorare CEO Nicolas Julia is also bullish on Ethereum despite the fact that the fantasy sports platform is migrating to Solana, a transition he called an “upgrade.” Julia explained that Solana is the most viable chain for the platform as it leads the fantasy crypto vertical in daily revenue. 

Meanwhile, institutions and institutional investors have paused their crypto accumulation spree in light of recent market developments. According to data from Lookonchain, Grayscale made substantial deposits of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in a move that could be a major sell. According to Lookonchain, Grayscale has deposited 1,856 BTC, 29,718 ETH, and 10,516 SOL, collectively worth about $358 million. 

ETH started the previous weekend in positive territory, registering a marginal increase on Friday. However, it fell 0.55% on Saturday and settled at $4,487. Positive sentiment returned on Sunday as the price rose 0.62% to reclaim $4,500 and settle at $4,515. Buyers retained control on Monday as ETH rose almost 4% to cross $4,600 and settle at $4,685. Despite the positive sentiment, the price fell by over 5% on Tuesday, settling at $4,451. ETH recovered on Wednesday, rising 1.68%, but was back in the red on Thursday, dropping 3.47% and settling at $4,369.

Source: TradingView

ETH plunged to an intraday low of $3,444 on Friday after President Trump announced 100% tariffs on Chinese imports and export controls on key software. It recovered from this level to settle at $3,836, ultimately dropping over 12%. Selling pressure persisted on Saturday as the fell 2.21% to $3,752. ETH recovered on Sunday, rising nearly 11% to reclaim $4,000 and settle at $4,158. Buyers retained control on Monday as the price rose over 2% and settled at $4,224. ETH plunged to an intraday low of $3,895 on Tuesday as selling pressure intensified. However, it recovered from this level to reclaim $4,000 and settle at $4,129, ultimately dropping $4,129. ETH is marginally down during the ongoing session, as buyers and sellers struggle to establish control.

Solana (SOL) Price AnalysisSolana (SOL) reclaimed $200 on Tuesday despite plunging to an intraday low of $191. The altcoin started the week in positive territory but fell 2.99% on Tuesday, dropping to $191 before reclaiming $200 and settling at $202. SOL is marginally up during the ongoing session, trading around $204.

Demand for leveraged bullish positions is muted, with the perpetual futures funding rate hovering around 0%. The indicator generally ranges between 6% and 12% under normal market conditions. SOL’s funding rate before Friday’s crash was around 4%, already below the neutral rate. When the funding rate drops to negative, it indicates that short sellers are dominating the market. However, such a scenario rarely lasts because of the cost of maintaining the bets. However, the ongoing strain in SOL’s derivatives market mirrors the damage caused by Friday’s crash.

Solana’s on-chain metrics also reveal a lack of bullish momentum. Network activity has struggled to regain momentum since the memecoin frenzy at the beginning of 2025. The Solana blockchain has also seen its lead in decentralized exchanges drop, as competitors gain market share.

SOL started the previous weekend in the red, dropping nearly 1% on Friday and over 2% on Saturday to settle at $227. The price recovered on Sunday, reaching an intraday high of $237 before settling at $238. Buyers retained control on Monday, rising almost 2% and settling at $232. Despite the positive sentiment, SOL returned to bearish territory on Tuesday, dropping over 5% to $220. Despite the overwhelming selling pressure, the price recovered on Wednesday, rising over 4% to $229. Selling pressure returned on Thursday as SOL fell 3.52% to $221.

Source: TradingView

Selling pressure intensified on Friday as markets tanked. As a result, SOL plunged to an intraday low of $170 before settling at $188, ultimately dropping over 14%. Sellers retained control on Saturday as the price fell almost 6% to $177. SOL made a strong recovery on Sunday, rising nearly 11% and settling at $197. The price continued pushing higher on Monday, rising almost 6% to reclaim $200 and settle at $208. Despite the positive sentiment, SOL lost momentum on Tuesday, falling to an intraday low of $191 before recovering to reclaim $200 and settle at $202. The price is marginally up during the ongoing session, trading around $204.

Dogecoin (DOGE) Price AnalysisDogecoin (DOGE) ended the previous weekend in positive territory, rising 0.92% to $0.252. Buyers retained control on Monday as the price rose over 5% and settled at $0.265. Despite the positive sentiment, DOGE was back in the red on Tuesday, falling over 7% and settling at $0.246. The price recovered on Wednesday, rising 3.40% and settling at $0.255. Selling pressure returned on Thursday as DOGE fell over 2% and settled at $0.249. DOGE plunged to an intraday low of $0.096 on Friday as the market crashed. However, it recovered from this level and settled at $0.194, ultimately dropping 22%.

Source: TradingView

Price action was mixed over the weekend as DOGE fell by over 4% on Saturday and settled at $0.186. The price recovered on Sunday, rising over 11% to reclaim $0.20 and settle at $0.207. DOGE started the current week in positive territory, rising nearly 3% and settling at $0.213. Selling pressure returned on Tuesday as the price fell over 4% to a low of $0.194 before settling at $0.203. The current session sees DOGE marginally down, trading around $0.202.

Bittensor (TAO) Price AnalysisBittensor (TAO) started the previous week positively, rising over 9% to settle at $344. However, selling pressure returned on Tuesday as the price fell nearly 4% and settled at $331. Positive sentiment returned on Wednesday as TAO rose over 2% to $338. The price continued pushing higher on Thursday, rising 2.47% and settling at $346. The price plunged to an intraday low of $140 on Friday as markets tanked. However, TAO recovered from this level to reclaim $200 and settle at $291, ultimately dropping 15.78%.

Source: TradingView

TAO recovered on Saturday, reaching an intraday high of $331 before settling at $297, ultimately rising 1.96%. Bullish sentiment intensified on Sunday as the price rallied, rising nearly 30% to reclaim $400 and settle at 384. Buyers retained control on Monday as TAO continued pushing higher, rising over 16% to $447. TAO fell to an intraday low of $382 on Monday but recovered to reclaim $400 and settle at $459, ultimately rising almost 3%. The price has fallen by over 3% during the ongoing session, trading around $445. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Journalist

Posted: October 16, 2025

Key Takeaways
What triggered the U.K.’s compensation move?
The Crown Prosecution Service confirmed it will design a restitution plan following the £5 billion Bitcoin seizure.

What’s next in the case?
Sentencing for Qian and her associate is set for 10–11 November, with a civil recovery and compensation order expected to follow.

The U.K. government is preparing to establish a compensation scheme for victims of a Chinese crypto fraud. 

The update—reported by The Financial Times on 15 October—follows the Metropolitan Police’s September announcement. 

The Crown Prosecution Service (CPS) confirmed that it will develop a restitution framework for the largest U.K. Bitcoin seizure.

The Met Police announced that it had confiscated 61,000 Bitcoin, now worth approximately £5 billion, from Chinese national Zhimin Qian (also known as Yadi Zhang) and her associate, Seng Hok Ling.

Qian and Ling pleaded guilty at Southwark Crown Court last month to offences under the Proceeds of Crime Act (2002). They orchestrated a massive investment fraud in China that defrauded more than 128,000 victims.

DPP confirms restitution plan
According to the FT report, Stephen Parkinson, Director of Public Prosecutions, told victims that the government is exploring a formal compensation scheme. However, details have not yet been disclosed.

CPS counsel Martin Evans KC told the court that such a framework would offer “adequate protection for victims.”

Evans revealed that Qian had recently disclosed new access codes and passwords for additional wallets containing roughly £67 million in crypto assets. 

A hidden ledger found inside a pocket of her clothing at the time of her arrest reportedly helped investigators locate the funds.

Victims’ lawyer William Glover of Fieldfisher said the DPP has “accepted responsibility” to create a restitution process for those unable to recover losses through standard legal channels.

Context: world’s largest crypto seizure
The Met Police’s Economic Crime Command described the case as the largest U.K. Bitcoin seizure and money-laundering operation. They also stated that they had assistance from Chinese law enforcement and the CPS.

Sentencing for Qian and Ling is scheduled for 10–11 November at Southwark Crown Court, after which a civil recovery and compensation order is expected.

Global parallel: U.S. pursues $12 billion forfeiture
The U.K. move comes just days after the U.S. Department of Justice filed to forfeit 127,271 BTC (worth about $12 billion). 

The fund is linked to a transnational “pig-butchering” scam run by Chen Zhi, connected to Cambodia’s Huione Group.

That U.S. case marked the largest crypto forfeiture in history, showing a growing international effort to recover illicit digital assets.

5 things that need to happen for Bitcoin to stay above $100k Liam 'Akiba' Wright · 15 seconds ago · 4 min read

Realized support sits at $107K while flow data show U.S. ETFs still absorbing late-phase distribution.

Oct. 15, 2025 at 10:30 pm UTC

4 min read

Updated: Oct. 15, 2025 at 5:24 pm UTC

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

Bitcoin price traded near $110,000 today as ETF flow streaks and the $107,000 support take focus.

Spot ETF demand remains the pivot. BlackRock’s IBIT is approaching $100 billion in assets, roughly 799,000 BTC, as the largest U.S. fund complex continues to concentrate supply.

U.S. spot products printed fresh net inflows of $102 million yesterday and just two days of outflows over the last 10 days – a reminder that flow clusters, rather than single prints, tend to steer trend durability.

Academic work on exchange-traded products finds that daily price changes often precede fund flows, with a documented price-to-flow lead-lag that creates reflexive feedback once momentum is in motion. That framing fits this quarter’s tape, where billion-dollar flow days during prior breakouts helped extend rallies.

On-chain rotation shows distribution into strength, while mid-tier accumulation improved into October’s push. Long-term holder spending increased into new highs, a typical pattern late in impulse phases, while ETF demand acted as the main absorber.

Cost-basis clustering locates dense realized support in the $107,000 to $109,000 band, with an air pocket toward $93,000 to $95,000 if that area fails on closing basis.

Above spot, supply from prior buyers tends to re-emerge around $114,000 to $117,000, where profit-taking has capped advances in recent weeks, as discussed in Glassnode’s latest weekly.

Derivatives add texture to the crash-risk debate.The 30-day DVOL index remains elevated versus prior months, and 25-delta skew has flipped from call-rich to put-rich during stress episodes before easing on rebounds, per Deribit.

Skew that turns quickly positive after being negative tends to coincide with short-term drawdown windows as downside protection gets bid.

At the same time, funding and leverage remain more muted than in past blow-off phases, which lowers the probability of cascade-driven deleveraging from a starting point of crowded longs. That mix points to fragility around shocks without the tinder of extreme perpetual leverage.

Liquidity still tilts the balance toward Bitcoin over alt-beta during stress.

U.S. venues command the largest share of 1 percent market depth, providing a thicker top-of-book that absorbs flows more reliably than offshore counterparts. That depth concentration, plus the ETF wrapper’s steady creation and redemption plumbing, helps explain why BTC has weathered macro jolts with smaller drawdowns than many high-beta tokens this year.

Macro remains the main source of jump risk.

Equity valuations are flagged as stretched, and tariff and trade themes have returned to the front page as drivers of risk-off swings. Headlines around tariffs last week produced a mechanical crypto deleveraging, with tens of billions in liquidations reported as traders rushed to re-hedge. That backdrop argues for wider near-term ranges, then a reassessment once flow and volatility data reset after event risk.

Against this backdrop, the path splits into three well-defined tracks.

A continuation phase opens if spot can close and hold above $117,000 while U.S. ETFs post a run of multi-day net inflows, which would keep absorption ahead of long-term holder distribution and re-engage the October high area near $126,000.

A digestion track remains the base case if flows are mixed and the spot oscillates between $107,000 and $126,000 while DVOL mean-reverts and funding remains moderate.

A crashy tail appears if policy shock risk returns in force, skew turns durably put-rich, ETFs see outflow clusters, and spot closes below $107,000, which would expose the realized-cost void toward $93,000 to $95,000.

Street frameworks offer context rather than direction.Standard Chartered still frames a $150,000 to $200,000 window for 2025 if ETF demand persists. Banks have also leaned on the gold parity lens, with gold near record highs around $3,700 per ounce, to map upper bounds via volatility-scaled comparisons. The usefulness of those targets depends on whether ETF inflows keep pace and whether macro tails remain contained.

Options and flow metrics help translate those conditions into daily calls. Traders watch whether call crowding cools as price grinds higher, or whether downside hedging leads the tape when macro dates approach.

DVOL spikes continue to mark jump windows, a pattern made visible on Deribit’s term structure and risk reversals. Funding that stays centered reduces the fuel for forced selling, which keeps pullbacks closer to realized support bands rather than disorderly ranges.

The forward checklist is narrow and testable. ETF flow streaks set the tone, options skew shows whether crash insurance is in demand, and on-chain cost clusters mark the zones where absorption should appear if the uptrend resumes after shocks.

Liquidity depth on U.S. venues rounds out the set, since thin books during up-moves raise rug risk and inflate realized volatility.

MetricTrigger to watchImplicationSourceU.S. spot ETF net flows3–5 straight inflow daysClears $114,000–$117,000 supply, revisits ATH zoneflow tracker25Δ skew, DVOLSkew turns put-rich as DVOL jumpsCrash-risk window opens, range lows in playDeribitRealized-price bandsClose below $107,000Air pocket toward $93,000–$95,000GlassnodeLiquidity depthU.S. depth thins into up-movesVolatility rises as slippage growsKaikoMacro tapeTariff and inflation headlinesSystematic deleveraging, ETF outflow clustersFarsideStablecoin plumbing provides a medium-term tailwind for demand absorption during risk-on phases as settlement balances expand, according to projections that see a $1 trillion to $2 trillion base by 2027.

That theme does not decide next week’s path, although it raises the ceiling for how much ETF and direct demand the market can process during future inflow cycles.

The near-term map, therefore, hinges on two gates and one data series.

A hold above $107,000 keeps the range intact, closes above $117,000 with multi-day ETF inflows re-engage the high, and skew plus DVOL define whether stress morphs into a disorderly slide or a routine reset.

Bitcoin Market Data

At the time of press 5:24 pm UTC on Oct. 15, 2025, Bitcoin is ranked #1 by market cap and the price is down 1.81% over the past 24 hours. Bitcoin has a market capitalization of $2.21 trillion with a 24-hour trading volume of $80.46 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 5:24 pm UTC on Oct. 15, 2025, the total crypto market is valued at at $3.76 trillion with a 24-hour volume of $222.47 billion. Bitcoin dominance is currently at 58.78%. Learn more about the crypto market ›

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