Market Signal Briefing

China Renaissance Holdings Ltd. is reportedly in talks to raise about $600 million for a public investment vehicle focused on a cryptocurrency tied to Binance Holdings Ltd., Bloomberg reporters Haze Fan, Muyao Shen, and Suvashree Ghosh reported, once again, citing “people familiar with the matter.

Ethereum (CRYPTO: ETH) is coiling for its biggest move in months, pressing against a decisive $4,750 resistance that traders say could unlock a rally toward $5,000.

With $171 million in fresh outflows signaling whale accumulation, the setup is shaping into a do-or-die test that could define ETH's role in the next leg of the bull cycle.

Ethereum Price Rebound Sparks $5,000 Hopes

ETH Price Analysis (Source: TradingView)

On the daily chart, Ethereum price continues to rebound from the $3,850 support zone while maintaining its ascending trendline from April. 

The setup remains constructive for buyers, supported by a clear bullish alignment of moving averages — the 20 EMA at $4,251 sits above the 50 EMA at $3,976, which in turn is above the 100 EMA and 200 EMA around $3,536.

ETH has reclaimed both the 20- and 50-day EMAs after last week's correction, suggesting short-term momentum has improved. 

The $3,850–$3,975 region now acts as a critical demand zone, while the upper boundary of the consolidation pattern near $4,750 remains the primary resistance to watch.

The On-Balance Volume (OBV) indicator remains elevated at 12.66 million, suggesting steady accumulation even during volatile sessions.

$171 Million Ethereum Outflows Hint at Whale Accumulation

ETH Netflows (Source: Coinglass)

Exchange netflow data shows $171 million in outflows on Oct. 13, according to Coinglass, as ETH traded around $4,222. 

Persistent outflows typically signal that large holders are moving tokens off exchanges into storage, reducing immediate sell pressure.

However, data since August reveals a mixed pattern of inflows and outflows, suggesting that while accumulation continues, conviction among traders remains divided near higher resistance zones. 

Sustained outflows will be key for ETH to build momentum toward retesting the $4,750–$5,000 region.

ETH Weekly Structure: $5,000 Breakout or $2,700 Collapse Ahead

ETH Supply And Demand Zones (Source: TradingView)

From a broader perspective, Ethereum remains capped under the $4,800–$5,000 supply zone, which has triggered multiple reversals since 2021. 

Sellers remain active near this resistance, but bulls have repeatedly defended the $3,850 level.

If ETH price loses that zone, the next major support sits at $2,776, aligning with the lower boundary of the long-term consolidation range. 

A confirmed break above $5,000, however, would mark a technical shift toward a new cyclical phase with potential to target fresh all-time highs.

OutlookEthereum's fight inside the $4,750–$5,000 band is more than a technical test, it is the same zone that rejected every breakout attempt since 2021. 

Each defense of $3,850 builds pressure that could make this attempt different. 

With Bitcoin (CRYPTO: BTC) already stabilizing near its support zone, ETH's ability to crack $5,000 would confirm that capital rotation is broadening, not just consolidating around BTC. 

If that breakout holds, Ethereum could rewrite its role in the cycle from secondary mover to co-leader of market momentum.

Read Next:  

Strategy, Adds 220 BTC, BitMine Buys Over 200,000 ETH Amid Crypto Liquidation Cascade
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The WLFI price has more than doubled after plunging to a record low of $0.072 as whales continued buying and as the USD1 stablecoin continued its growth.

Whales are buying the World Liberty Financial token
World Liberty Financial (WLFI) jumped to a high of $0.1455, up 100% from its lowest level on Friday when most tokens plunged in the biggest meltdown of the year.

On-chain data show that whales have boosted their positions in the token in the past few weeks. These investors now hold 18.61 million tokens, a 57% monthly increase. They have bought over 400,000 tokens since Friday when the crypto market crashed. Notably, World Liberty Financial bought WLFI worth $10 million during the last crash.

Another notable metric is that the number of WLFI tokens on exchanges has plunged in the past few months. There are now 2.41 billion coins, down from 2.97 billion in September. Tumbling exchange balances are a sign that investors anticipate the price to jump.

WLFI exchange balances | Source: Nansen
Meanwhile, the USD1 stablecoin is seeing modest growth this month. Data compiled by Artemis show that the supply has jumped 1.79% in the last 30 days to $2.7 billion. Most of this supply stems from the $2 billion investment by Abu Dhabi’s MGX into Binance.

USD1’s holders have jumped almost 40% in the last 30 days to 524,000, while monthly transactions doubled to over 31 million. The adjusted transaction volume rose to almost $10 billion.

WLFI price technical analysis
WLFI price chart | Source: crypto.news
The four-hour chart shows that WLFI bottomed at $0.0718 on Friday and then bounced back to the current $0.1470. On the four-hour chart, it has hit resistance at the 25-period exponential moving average.

WLFI has formed a small bullish flag pattern, which often leads to a breakout. It also remains along the strong pivot reverse point of the Murrey Math Lines.

Therefore, the token will likely continue rising as bulls target the major S/R pivot point at $0.200. A drop below support at $0.1200 will invalidate the bullish forecast.

Cardano (ADA) has captured the attention of the crypto world with its innovative blockchain technology and rapidly growing ecosystem. However, its notorious price volatility presents a unique challenge for startups in the U.S. trying to implement crypto payroll solutions.

China Renaissance and YZi Labs have been in advanced talks to raise $600M for a U.S.-listed vehicle holding BNB; the proposed treasury has targeted institutions in Asia and the West. China Renaissance has previously recorded $100M in BNB as the token has reached a $1,370 high.

"BNB’s surge feels more like catch-up than overtake," Grok stated.

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 three of the most popular AI-powered chatbots whether it can flip Ethereum (ETH) in the near future.

‘Possible, but Extremely Difficult’
ChatGPT highlighted BNB’s impressive performance over the past few months, outlining several factors that can boost its value and help cut the distance to ETH. First, it reminded that Binance Coin is the native cryptocurrency of the world’s largest crypto exchange, stating that any further developments related to the platform may positively impact its valuation.

“BNB is thriving and could easily narrow the gap with ETH this cycle – especially if Binance’s ecosystem keeps expanding and Ethereum stalls in user growth.”

It then noted that the hype surrounding BNB has been going through the roof lately and that excitement can play a fundamental role in driving the price higher. ChatGPT assumed that the asset’s performance may even trigger a Fear of Missing Out (FOMO) effect, meaning retail investors joining the ecosystem en masse. It is worth mentioning that this phenomenon can cause prices to rise rapidly, but a significant pullback may also follow.

On the other hand, the chatbot noted that ETH’s lead is currently too significant, making the potential flippening “not impossible, but improbable unless something seismic shifts in the industry.”

Grok, the AI chatbot built into the social media platform X, suggested that BNB’s momentum is building fast, fueled by Binance’s dominance and BNB Chain’s “low-fee, high-speed appeal.” It assumed that additional crypto-friendly regulations under Trump’s administration could boost the exchange’s leadership and result in further pump for its native token. At the same time, Grok described Ethereum as “the backbone of Web3,” adding that the likelihood of it falling below BNB is very slim.

“ETH’s network effects and TVL dominance make it resilient; BNB’s surge feels more like catch-up than overtake,” it added.

Perplexity shared a similar prediction. It estimated that BNB’s price would need to rise by over 200%, while ETH’s valuation must remain the same or even head south for such a thing to happen. It argued that the second-largest cryptocurrency is not done for this cycle and shows potential to explode to a new all-time high in the short term, which could make the flippening highly implausible.

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Altcoin Bloodbath: ETH, XRP, SOL, DOGE Crumble as Liquidations Near $900M

Price Forecasts
Some of the popular analysts making optimistic BNB predictions include the X users Ali Martinez and Leshka.eth. The former thinks the price could skyrocket to $2,400 in the following months, while the latter envisioned an explosion to the $2,800-$3,300 range in Q4 this year.

Despite the bullish forecasts, BNB’s Relative Strength Index (RSI) signals that it may be time for another pullback. The technical analysis tool, which measures the speed and magnitude of recent price changes, has reached a ratio of 80. This means BNB has entered overbought territory, reflecting a possible reversal point.

BNB RSI, Source: CryptoWaves

TL:DR

CME Group has officially launched new options products for the cryptocurrencies Solana and XRP.
These new derivatives are regulated by the U.S. Commodity Futures Trading Commission (CFTC).
The objective is to meet the growing institutional demand for sophisticated risk management tools.

CME Group, the world’s leading derivatives marketplace, has officially announced the expansion of its crypto-asset product suite with the launch of options contracts on Solana (SOL) and XRP.

This strategic move responds to the growing demand from institutional investors and offers new regulated tools to manage exposure and risk in the volatile cryptocurrency market.

The new products, which include options on SOL, Micro SOL, XRP, and Micro XRP futures, are now available for trading. They are overseen by the U.S. Commodity Futures Trading Commission (CFTC).

This regulatory oversight is a key factor that provides institutional investors with a greater degree of security and confidence, which are crucial elements for large-scale adoption.

Market Optimism Grows Thanks to CME’s XRP and SOL Futures
CME’s cryptocurrency options are designed to be physically settled through the delivery of the underlying futures contract, offering direct integration with its already existing futures markets.

This launch occurs in a context of notable institutional interest. Both the Solana and XRP futures on CME quickly surpassed the billion-dollar mark in notional open interest shortly after their introduction, demonstrating the strong demand for regulated derivative products for these assets.

By adding options, CME Group allows traders to implement more complex strategies, such as portfolio hedging or income generation, which are not possible with futures contracts alone.

The expansion of CME’s cryptocurrency options not only strengthens its position as a central hub for crypto derivatives trading but also contributes to the overall maturity of the market, improving liquidity and price discovery efficiency for Solana and XRP.

Latest Bitcoin software called “malware” as developers split by code change Oluwapelumi Adejumo · 46 seconds ago · 3 min read

Bitcoin Core’s v30 update widens on-chain data use, splitting the community over innovation vs. bloat.

Oct. 13, 2025 at 8:10 pm UTC

3 min read

Updated: Oct. 13, 2025 at 6:00 pm UTC

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

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 in OP_RETURN?OP_RETURN allows users to attach metadata such as text, images, or digital signatures to Bitcoin transactions without affecting their monetary function. Until now, each OP_RETURN output could carry up to 80 bytes of data, keeping non-financial use cases constrained.

The new release expands that limit to 100,000 bytes and allows multiple OP_RETURN outputs per transaction to be relayed and mined by default.

In practice, that means node operators running v30 can now process transactions embedding larger or more complex data structures from NFT-style inscriptions to application metadata without manual configuration.

Developers describe the change as enabling richer on-chain experimentation. One market analyst claimed:

“OP_RETURN is made to be used. Imagine the power of an uncensorable, unmodifiable registry. Victors can’t rewrite history. Humanity can inscribe facts from their own point of view, at that precise moment. [This is] a gold mine for future historians and an incredible leap for humanity.”

However, others warn it could accelerate blockchain bloat and fee pressure if users flood the mempool with oversized data files.

According to Mempool Research data, inscriptions and OP_RETURN transactions already account for 40% of all Bitcoin transactions by count, 10% by fees, and 28% by weight.

Bitcoin Inscriptions. (Source: Orange Stuff)Considering this, a wider adoption of these data-heavy transactions could push Bitcoin’s average block size beyond its current 1.5 MB to as high as 4 MB per block – a jump that could reshape network economics.

Community split: utility or spam?The change has sparked heated debate among Bitcoin developers and node operators.

Some see it as a natural evolution that gives Bitcoin parity with smart-contract-capable chains like Ethereum. Others argue it risks diluting Bitcoin’s core role as a peer-to-peer financial network.

Prominent developer Luke Dashjr criticized the change, saying Core 30 “broke” the datacarrier size control and deprecated it entirely, allowing more “spam outputs” per transaction.

According to him:

“Bitcoin does not support data storage beyond (at most*) 80 bytes (in OP_RETURN, but that’s not material) attached to a financial transaction; or 95 bytes per block in the coinbase. That is not large enough for CSAM. Exploiting vulnerabilities, as with Inscriptions, is not a supported behaviour/use case, just an abuse of script opcodes. It is not storing data per se, just harming Bitcoin with bogus garbage scripts. Expanding OP_RETURN increases the size of _supported_ data storage, large enough to include CSAM.”

Considering this, he described v30 as “malware ” and urged a “mass migration to Knots,” an alternative client that enforces stricter policies.

Yet, Blockstream CEO Adam Back countered that vilifying OP_RETURN changes amounts to “attacking Bitcoin.”

According to Back, the update includes legitimate security and robustness fixes from “some of the most skilled developers on the planet.”

What next?Amid the rift, some community members have proposed policy-level compromises for the update.

Nick Szabo, a renowned cryptographer, suggested:

“Deprecate use of OP_RETURN for financial transaction functionality going forward; add ability to prune the newer while keeping the older OP_RETURNs.”

Meanwhile, BitMEX Research highlighted the concept of OP_Return2, a soft-fork mechanism allowing transactions to commit to hashes of up to 8 MB of external data, without forcing full nodes to validate or store it.

According to the firm, the proposal could preserve data integrity while reducing on-chain bloat.

However, researchers caution that miners might have little incentive to include such transactions if fees do not offset the extra complexity. They also note that similar timestamping functions already exist at a lower cost.

Mentioned in this articleLatest Bitcoin Stories

Pepe has rebounded sharply from its Friday low, delivering a 156% gain to dip buyers and reigniting interest in a bullish Pepe price prediction.Short sellers are starting to feel the squeeze, and the setup could fuel another breakout.

Avalanche’s price has rebounded 160% from its lowest point on Friday as sentiment in the crypto market improved.

Summary

Avalanche price has jumped by 160% from the year-to-date low. 
The AVAX burn rate has continued to accelerate this year.
Technical analysis points to more gains, potentially to $36.

AVAX burn rate and transactions are soaring
Avalanche (AVAX) token soared to a high of $22.70, much higher than this month’s low of $8.92. This rebound may continue amid the ongoing AVAX token burns, transaction growth, and its growing market share.

Data show that the number of burned AVAX tokens has surpassed 4.8 million, now worth over $108 million. Most importantly, the average daily burn rate has climbed to about 1,500 per day, up from roughly 500 earlier this year.

Over the past week, total $AVAX burned surpassed 4.8M, which is roughly $108M USD. In the grand scheme of things this may not sound like a lot, but the metric to focus on here is the rate of burn. At the beginning of the year @avax was averaging less than 500 $AVAX burned per… pic.twitter.com/9N3WoW9GY6

— Joey 🔺 (@joeycannoli9) October 13, 2025

The rising AVAX token burn happened as the amount of fees generated to the network continued growing. Data compiled by TokenTerminal shows that the network’s fees rose by 107% in September to $1.5 million, up from $710,000 in August. Avalanche burns all the fees it generates.

Avalanche’s network has benefited from its growing adoption. For example, it has become a major player in the real-world asset tokenization industry. Its RWA industry has over $746 million in assets, including those from Janus Henderson, BlackRock, and Franklin Templeton. 

Avalanche’s stablecoin supply has jumped to over $2.7 billion as the number of stablecoin holders jumped to over 3.48 million. 

Also, it has become a major player in the non-fungible tokens industry, where its volume jumped by 484% in the last seven days to $16.6 million. It has now become the second-biggest player in the NFT industry after Ethereum.

Avalanche’s transactions have also been in a strong uptrend in the past few months. Its transactions jumped to over 50 million in October. According to Nansen, transactions rose by 15% in the last 30 days to 49.7 million. 

Avalanche price technical analysis
AVAX price chart | Source: crypto.news
The daily time frame chart shows that AVAX has rebounded from a low of $8.9260 to $22.76. It formed a large hammer candlestick with a small body and a long lower shadow.

A hammer typically signals potential continuation after a sell-off. Bulls may target resistance at $26.52, the high from May and July.

A break above that level would point to further gains, potentially to $36, about 60% above the current level. A drop below the psychological $15 area would invalidate the bullish outlook.

This is a segment from The Drop newsletter. To read full editions, subscribe.

Six years ago, the Ethereum Foundation declared that “eth2 should be capable of surviving World War 3.”

But its app layer is clearly not. 

Uniswap Labs’ front-end is still blocking Ukraine-based IP addresses, according to multiple user reports and my own test with a VPN set to the country.

Ukraine IP addresses are able to see the Uniswap site, but any attempt to select assets results in an error message, which does not occur when using a US IP address.

Artem Chystiakov, head of Solidity at Distributed Lab, is based in Ukraine and believes Uniswap has misinterpreted US sanctions. 

“It is clearly stated that no goods, services or technology must be provided to both the so-called DNR/LNR and the Crimea regions of Ukraine. Kyiv and other Ukrainian cities/regions are not mentioned whatsoever,” Chystiakov wrote.

Loading Tweet..

OFAC’s website states: “The Office of Foreign Assets Control (OFAC) does not maintain a specific list of countries that US persons cannot do business with.” Instead, it details specific programs and sanctioned persons and companies.

In the open letter, Chystiakov told Uniswap Labs: “This is absurd. Ukraine, being in the middle of the war, fighting for freedom, and you are limiting the availability of your service on some false regulatory claims.”

Chystiakov shared a screenshot response from Uniswap Labs’ support team, indicating the issue has been ongoing since at least as early as February this year: 

The date of the response, plus user reports and the date of a Change.org petition, suggests Uniswap Labs has been blocking Ukrainians’ access to its DEX via its front-end for at least a year now. 

Traders suggested using an aggregator instead, though using a VPN would also in theory work to get around the restriction.

The Uniswap support team’s response from February suggests they’ve taken a blanket approach to adhering to sanctions by blocking entire countries via “third party providers.”

But Cloudflare, for example, does offer ways to block only certain parts of a country. Posts from the Cloudflare team and community show that Crimea, Donetsk and Luhansk can be blocked individually using specific subregion codes. But a Cloudflare Pro, Business or Enterprise plan is required. 

Uniswap Labs appears to be using Cloudflare, based on ICANN Lookup data, NsLookup, and Cloudflare’s website. 

It’s unclear whether the issue is due to a policy choice, issues with Cloudflare or a financial decision. Data suggests Uniswap Labs saw $118 million in revenue in 2024. The Uniswap Foundation reported $1.11 million in revenue in that same period. 

Error message encountered when using a Ukraine-based IP address

It’s ironic, of course, that Uniswap’s website bears the slogan “Swap anytime, anywhere,” when that is not really the case.

Uniswap Labs blocking Ukrainians from using its web app is additionally ironic considering it added a function for users to easily donate to the Ukrainian government via Uniswap back in 2022. Upon checking today, that donate link appears to have since been taken down.

I’ve reached out to Uniswap Labs for comment, but did not receive a response in time for publication. 

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Bitcoin was priced at $114,846 as of Oct. 13, 2025, with a market capitalization of $2.29 trillion. Trading activity was vigorous over the past 24 hours, with volume reaching $84.28 billion and intraday price fluctuations spanning from $113,696 to $115,792.

Altcoin Season has lifted Synthetix, Bittensor, and Render, with rising turnover confirming participation. SNX has outlined a dated mainnet perps rollout and competition, while TAO and RNDR have traded on AI and compute flows, holding reclaimed levels and showing steadier positioning.

As of mid-October 2025, Bitcoin (BTC) is attempting to recover from a dramatic market drop that resulted in over $19 billion in leveraged positions being wiped out. Currently priced around $115,200, Bitcoin faces a stiff challenge as it tries to overcome a resistance band between $117,500 and $120,000, while a critical support level holds at $110,900.

Dogecoin appears ready to reignite its bullish momentum as a classic chart pattern makes a comeback. The popular meme coin, often known for its dramatic price surges, is displaying technical signals that mirror previous breakout phases. With momentum quietly building, investors are wondering if Dogecoin’s next big rally is just around the corner.

History Repeats: Dogecoin Flashes Familiar Pre-Rally Signals
Crypto analyst EtherNasyonaL, in a recent post, highlighted that Dogecoin appears to be repeating one of its most reliable historical setups. Each of Dogecoin’s major rallies has been preceded by a familiar sequence of technical signals, persistence above the 25-day moving average (25MA), a breakout from a long-term descending trendline, and a subsequent retest phase that sets the stage for a new bullish cycle.

According to the analyst, these structural markers have consistently acted as precursors to Dogecoin’s explosive moves. Whenever the price maintained strength above the 25MA after a prolonged downtrend, it often indicated that sellers had exhausted their momentum and buyers were quietly regaining control. This recurring pattern has served as a reliable indicator of an impending shift in market direction.

Currently, the chart once again reflects the same behavior. Dogecoin’s price has moved above the 25MA, signaling renewed upward strength, while the downtrend has been decisively broken. The asset is now in the retest phase, a critical point where market confirmation typically occurs before momentum accelerates. This structural repetition suggests that Dogecoin may be preparing for its next major move.

Source: Chart from EtherNasyonaL on X
EtherNasyonaL also noted that this phase often coincides with widespread market doubt and bearish sentiment. Historically, the “NGMI” (Not Gonna Make It) feeling tends to dominate just before Dogecoin begins a parabolic rally. 

Such pessimism often reflects capitulation among retail traders, while larger players quietly accumulate positions in anticipation of the next breakout. If history repeats, the ongoing consolidation could mark the calm before the next significant surge, a reminder that market doubt often precedes Dogecoin’s most powerful upward moves.

Bullish Pennant Emerges After Market Downturn
Trader Tardigrade, in a recent 4-hour chart analysis shared on X, highlighted that Dogecoin is beginning to display a fresh bullish setup following the recent market downturn. Despite the crash, the memecoin is stabilizing and carving out a constructive structure that could signal renewed buyer interest.

According to Trader Tardigrade, a Bullish Pennant pattern has emerged on the chart, a formation that typically develops after a sharp move upward, followed by a period of consolidation. If confirmed, this pattern could mark the start of a potential continuation phase, setting the stage for DOGE’s next upward move.

DOGE trading at $0.20 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

XRP’s beta to Bitcoin spikes 2.5x after $19B liquidation flush Liam 'Akiba' Wright · 25 seconds ago · 4 min read

Is XRP turning into Bitcoin’s high-beta mirror?

Oct. 13, 2025 at 7:00 pm UTC

4 min read

Updated: Oct. 13, 2025 at 6:01 pm UTC

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

XRP fell about 15 percent intraday on Friday during the tariff scare tied to White House remarks, then recovered about 9 percent on Monday as risk appetite stabilized, providing a live read on how the token tracks Bitcoin in macro stress and relief.

The Monday bounce saw Bitcoin up about 3.7 percent, Ethereum up about 9 percent, and Solana up about 8.2 percent, with XRP outpacing Bitcoin on the rebound. Friday’s selloff arrived alongside one of the largest derivatives liquidations this year, with about $19 billion in positions wiped out across crypto.

XRP vs Bitcoin betaDaily price tables for Oct. 10 through Oct. 13 show the XRP intraday drawdown on Friday and the snapback on Monday that traders used to recalibrate the token’s event beta to Bitcoin. The shock, flush, and relief sequence maps neatly to a simple ratio framework, measuring XRP’s percentage move versus Bitcoin’s percentage move over the same window.

Using Monday performance numbers, XRP’s rebound beta screens near 2.5 times Bitcoin, while the down leg on Friday screens closer to 1.1 to 1.3 times based on price table lows.

That asymmetry matters in practice, because short covering and liquidity pockets can propel XRP further in relief phases than in the initial drawdown.

A straightforward way to operationalize this for the next 10 calendar days is to anchor ranges on Bitcoin’s path and apply conditional betas that respond to leverage rebuild, funding, and macro volatility.

System leverage reset materially on Friday. The scale of forced deleveraging cleared crowded longs and created visible air pockets in derivatives order books. Where open interest and funding migrate from here sets the fuel mix for the next move.

Coinglass dashboards for XRP show open interest, funding rates, long-short composition, and  liquidation heatmap that marks price bands where forced sellers would be triggered. If funding turns positive and open interest rises into the week, the market is refilling risk, and the next impulse higher would run into those short liquidation clusters, which can mechanically extend a rally once price trades into them.

Macro tape explains the timing. U.S. equities rebounded Monday as the White House tone turned more conciliatory on trade, the Financial Times reported, following a weak close on Friday. Barron’s tracked an uptick in equity volatility on the tariff headlines, with the VIX moving above 20 in the crash window, a level that has historically coincided with wider crypto intraday ranges.

The dollar index has been choppy into October, and TradingEconomics models place the index near the upper 90s for late-quarter readings. Meanwhile, Reuters reported oil falling to a five-month low on growth concerns connected to tariff risk.

That combination, firmer dollar and softer oil, tends to cap broad risk appetite, which means crypto beta compresses when volatility normalizes and expands when volatility spikes.

10 day scenario modelingThe base case for the next 10 days uses three observable inputs, Bitcoin’s drift, derivatives positioning, and the tariff headline path.

If equities and the VIX cool from Friday’s spike and stay under the low 20s, and if funding on XRP futures sits near neutral with open interest rebuilding at a measured pace, a working beta of 1.3 to 1.8 times to Bitcoin is reasonable.

In that setup, a 4 percent Bitcoin advance would map to a 5 to 7 percent XRP gain, and a 4 percent Bitcoin pullback would map to a 6 to 8 percent XRP drop, with short-term overshoots when price tags liquidation bands.

A squeeze scenario comes into play if the White House rhetoric continues to soften, equities hold gains, funding flips meaningfully positive, and open interest rises quickly. Monday’s tape already delivered a 2.5 times read on up beta, so a 6 to 8 percent Bitcoin climb in that environment would map to 12 to 20 percent for XRP, with extension risk if the nearest short liquidation bands are crossed.

A renewed tariff flare-up would bring back downside focus. In that case, betas tend to moderate on the first leg lower because liquidity thins and market makers widen spreads.

A Bitcoin drop of 8 to 10 percent under fresh stress would imply 10 to 15 percent downside for XRP, and subsequent breaks through prior long liquidation clusters would add gap risk.

Cross-market liquidity continues to skew toward Bitcoin this year, a point reinforced by Kaiko’s research on relative depth and returns.

That structural backdrop helps explain why XRP rallies can be sharp when positioning flips and then fade without a durable flow catalyst. Flows would change if the market receives clearer progress on exchange-traded product filings or other routes that bring persistent demand into the asset, but until that is visible on the calendar, positioning and macro drivers remain the primary governors of XRP’s beta to Bitcoin.

In practical terms, volatility control remains simple: monitor the VIX, watch funding and open interest on XRP futures, and track the dollar index around trade headlines.

For readers who want a compact view of the shock window, the following table lays out the Friday low to Monday close path and the implied event beta using the sources above. Values are rounded to one decimal place and are intended to frame the scenario math rather than serve as tick-by-tick price records.

AssetMove, Fri intraday to Mon closeEvent beta vs BTCBitcoin+3.7% Mon rebound, double-digit Fri drawdown at lows1.0xXRP~−15% Fri intraday, ~+9% Mon~1.1–1.3x down leg, ~2.5x up legTraders can fold this into a simple if this then that map.If the VIX holds under 20 and funding is positive while open interest rises, the squeeze case becomes more probable, and the 2 to 3 times up beta observed on Monday is the guide.

If the tariff narrative heats up and the VIX returns above 22, use the downside map with early beta near 1.3 to 1.5 times and monitor long liquidation bands below.

If Bitcoin chops within about plus or minus 2 percent and XRP funding stays muted, expect mean reversion into the nearest visible liquidation clusters rather than trend.

None of this requires speculation about catalysts beyond what is on screen in derivatives dashboards and macro tickers, and the same inputs will set the next ten percent for XRP as the tariff tape evolves.

Mentioned in this articleLatest XRP Stories

Dogecoin’s corporate arm is executing a reverse merger to land on Nasdaq, leveraging a treasury of over 837 million DOGE and $50 million in investment capital to build a regulated, multi-product financial platform far beyond its meme-based origins.

Summary

Dogecoin’s corporate arm, House of Doge, is merging with Nasdaq-listed Brag House through a reverse takeover.
The merger, expected to close in early 2026, will form a publicly traded multi-revenue digital asset platform led by House of Doge CEO Marco Margiotta.

According to a press release dated Oct. 13, House of Doge, the corporate arm of the Dogecoin Foundation, has entered into a definitive agreement to merge with Brag House Holdings, a Nasdaq-listed digital media company.

The reverse takeover will see Brag House acquire House of Doge, forming a new publicly traded entity aimed at building a multi-revenue digital asset platform. Both boards unanimously approved the deal, which also brings a 20-year partnership with the Dogecoin Foundation and establishes the Official Dogecoin Treasury, now holding over 837 million DOGE.

Building Dogecoin’s institutional core
The merger, anticipated to close early in 2026 pending shareholder approval, will install a seasoned financial executive at the helm. Marco Margiotta, the current CEO of House of Doge and a payments industry veteran, is slated to become CEO of the combined public entity.

Governance will see a decisive shift, with six of the seven board seats appointed by House of Doge, cementing its operational control. Brag House CEO Lavell Juan Malloy II will remain on the board and continue leading the Brag House vertical, which will function as an autonomous division focused on integrating Dogecoin into college gaming and sports.

According to the release, the combined company’s revenue model is designed to be multi-pronged. It aims to generate recurring income through a mix of advanced payment infrastructure, Dogecoin-denominated merchant services, proprietary data insights, licensing agreements, and extensive treasury management activities.

Notably, the merger connects Dogecoin’s famously loyal, existing user base with Brag House’s targeted access to Gen Z, a demographic with an estimated annual spending power exceeding $350 billion.

To facilitate the deal, Brag House is expected to issue approximately 594 million shares of common stock, with the majority allocated to current House of Doge stockholders. This will make House of Doge the majority shareholder of the newly combined Nasdaq-listed entity.

American fast-food chain Steak ‘n Shake has abandoned plans to accept Ethereum payments following criticism from Bitcoin supporters.

The 90-year-old chain, which began accepting Bitcoin (BTC) in May, ran a poll on X over the weekend asking its 468,800 followers whether it should expand its crypto options to include Ethereum.

Nearly 49,000 votes were cast, with 53% in favor.

However, just four hours later, the company suspended the poll, declaring its allegiance to Bitcoiners. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake posted.

Vitalik Buterin, Ethereum co-founder, defended Steak ‘n Shake’s decision. He suggested that crypto-adopting businesses should commit to one community rather than attempting to appeal to all, calling for “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it.”

The company’s relationship with Bitcoiners has been financially beneficial. Since introducing BTC payments across U.S., French, Monaco, and Spanish locations, Steak ‘n Shake reported a 15% year-over-year increase in same-store sales during Q3, a growth partially credited to Bitcoiners’ patronage. 

Steak ‘n Shake will also be launching the “Bitcoin Steakburger” on Oct. 16 to celebrate the company’s adoption of Bitcoin.

Poll suspended. Our allegiance is with Bitcoiners. You have spoken. Who even allowed this? I'm back at my desk.

– Steaktoshi https://t.co/4RkASUVa8L

— Steak 'n Shake (@SteaknShake) October 12, 2025 Several vocal Bitcoin advocates expressed disappointment at the poll. 

Adam Simecka, creator of the Bitcoin self-custody wallet Manna, warned, “I promise, if you accept ETH, I will never eat at your restaurant again.” After the reversal, Manna then went on to offer a free Steak ‘n Shake meal to one of their followers.

Steak ‘n Shake saved money with Bitcoin payments Back in May, Steak ‘n Shake executive Dan Edwards said that transactions were already exceeding expectations and accounting for 1 in every 500 Bitcoin payments worldwide on launch day. 

The move reportedly saved the company 50% on processing fees and is viewed as a serious upgrade to payment options rather than a marketing stunt.

The company uses the Lightning Network across all U.S. locations, allowing customers to pay for meals with fast, low-fee BTC transactions. 

Payments can be completed by scanning a Lightning QR code at checkout, with a backend processor converting Bitcoin to USD in real time, ensuring simplicity and stability. The rollout was a full-scale implementation, not a test. 

You can pay with bitcoin at Steak ‘n Shake today.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a junior news reporter for Bitcoin Magazine, based in North Carolina.

The Big Bitcoin Short: Who profited $200 million shorting BTC just before Trump’s post? Liam 'Akiba' Wright · 17 seconds ago · 5 min read

The record $19 billion liquidation spree is reviving debate over whether crypto trades tied to policy leaks could ever qualify as insider trading.

Oct. 13, 2025 at 5:25 pm UTC

5 min read

Updated: Oct. 13, 2025 at 4:36 pm UTC

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

Rumors of insider trading dominated social media throughout the weekend as one wallet banked generational wealth in a single trade.

Bitcoin price fell rapidly after President Trump posted plans on Friday to impose 100% tariffs on all Chinese imports effective Nov. 1.

The market recovered on Monday as crypto derivatives reset and spot demand stabilized, while social media advanced theories around a large Bitcoin short that was opened just before the announcement and tied it to a member of the Trump family.

The tariff post hit risk assets across sessions through the weekend, with Bitcoin probing the $105,000 area before retracing to about $115,000 by Monday morning in Europe.

Crypto liquidations over the 24 hours around the drop clustered around $19 billion, with upwards of 1.6 million accounts liquidated.

The rumor set focuses on a large Bitcoin short opened ahead of the tariff post and, in some versions, attributes the trade to Barron Trump. As of publication, there is no public, verifiable exchange or on-chain evidence linking any Trump family member to such a position.

Data that places Barron Trump in the crypto arena is largely concerned with family wealth disclosures and profile pieces, including financial disclosures, Forbes ranking, and prior meme-coin rumor cycles, not documented derivatives activity.

The Big Bitcoin ShortIdentified elsewhere as Garret Jin, the trader made headlines on Friday by opening massive short positions on Bitcoin just minutes before President Trump publicly announced the new 100% China tariffs. The trader used the decentralized exchange Hyperliquid, placing short bets on Bitcoin and Ethereum with a notional value exceeding $700 million.

Within hours of the announcement and subsequent price collapse, the trader reportedly netted between $160 million and $200 million in profit. Bitcoin plunged from around $124,000 to as low as $105,000, and Ethereum followed with a double-digit drop. On-chain analytics indicate that most positions were quickly closed to lock in these substantial gains, with the trader briefly leaving about $92 million worth of Bitcoin shorts open post-crash.

The precision timing of these moves, executed just before President Trump’s post, sparked intense speculation in the crypto community about possible insider knowledge, but direct evidence supporting such claims has not surfaced.

Regardless, the profit tally for this trade on Friday stands at roughly $160 – $200M, representing one of the largest and fastest windfalls in recent crypto trading history.

An X account claiming to be Jin posted on Oct. 13, denying any Trump-family connection and framing the short as a macro/technical call amid overbought risk assets and rising US-China tensions.

The account posted, “The fund isn’t mine — it’s my clients’. We run nodes and provide in-house insights for them.” He then replied to Binance Co-Founder Changpeng Zhao, saying,

“Thanks for sharing my personal and private information. To clarify, I have no connection with the Trump family or @DonaldJTrumpJr — this isn’t insider trading.”

Some X users are not convinced.

That gap matters for legal characterizations.Insider trading in the United States turns on trading on material, nonpublic information obtained or used in breach of a duty.

The misappropriation theory under Rule 10b-5 covers trading on confidential government information when a duty of trust or confidence is breached. The STOCK Act applies to misuse of nonpublic information by federal officials and staff, and accelerates trade disclosures for covered officials, although enforcement pathways differ by office and instrument type.

Bitcoin is treated as a commodity for regulatory purposes, so the Commodity Futures Trading Commission would have jurisdiction over Bitcoin derivatives. The Securities and Exchange Commission has pursued insider-trading cases where the asset at issue is a security.

That mix means any charge set would hinge on proof of access to nonpublic policy timing, evidence that trading occurred on the basis of that information, and records that tie the positions to the individuals in question.

Tariff signaling, leverage rebuilding, and exchange-linked liquidity will likely continue to shape price action and flows over the next two to six weeks.

A base case assumes the White House keeps the 100% tariff plan on track for Nov. 1 with intermittent rhetorical shifts, while China’s policy response evolves.

An escalation case assumes clear retaliatory steps or added U.S. trade measures, while a de-escalation case assumes targeted carve-outs or delay signals. Open interest and funding rates typically rebuild at a slower pace after large liquidation events, and that process can produce choppy ranges while market makers normalize inventories.

Looking into prior episodes, the days after record liquidation clusters often show a second test of stress zones if equities soften and the dollar firms. Exchange stablecoin flows also merit monitoring since net deposits can front-run re-risking and elevate USDT transfers to Binance during stabilization.

To ground the discussion in scenario ranges, the following table frames plausible price corridors into early November, anchored to Monday’s European morning spot level.

ScenarioKey triggers and assumptionsIllustrative BTC corridorPlausible drivers to watchEscalationClear China retaliation or added U.S. measures, S&P 500 down 5 to 8 percent from Monday, DXY up 1 to 2 points, VIX higher by 5 to 8 vols, open interest contracts another ~5 percent from post-shock levels90,000 to 105,000Equity gaps lower, negative funding, thin weekend books, second-leg liquidationsBaseStatus quo jawboning, no fresh measures before Nov. 1, funding converges toward flat, open interest rebuilds gradually110,000 to 125,000Range trading, stablecoin net deposits to major venues, realized vol above recent averagesDe-escalationCarve-outs or delay signals, equities stabilize, dollar softens, funding normalizes positive125,000 to 135,000OI expansion, spot-led bids, fewer forced sellersThe liquidations math and the weekend tape reduce the need for a manipulative narrative to explain the move.

The $19 billion liquidation print is among the largest single-day events reported for crypto, and Bitcoin’s share alone, paired with a downdraft in related assets, is consistent with a multi-venue, cross-position flush, with recovery into Monday.

If a single short catalyzed the path, it would still need to be reconciled with observed funding and order book behavior across multiple exchanges, the timing of the tariff post, and the behavior of correlated risk assets.

The cross-market context matters here, because tariff shocks feed through supply chain expectations, rare-earth and tech inputs, and large-cap equity factor moves, and crypto has tended to trade with high beta equity baskets on such days.

The legal frame is forward looking.If investigators were to pursue the rumor, the core questions would be whether any nonpublic information about the tariff timing and content was accessed in advance, whether a duty of confidentiality was breached, whether trading occurred on the basis of that information, and whether records connect that trading to the individuals named.

In the absence of documentary evidence, the rumor remains a narrative about alignment rather than proof of conduct. Televised commentary earlier this year, as covered by PBS, assessed the probability of legal exposure from tariff posts alone as low, while legislative interest in stricter trading rules for officials advanced in the Senate.

For readers tracking near-term market structure, a compact set of indicators can translate policy noise into positioning signals.

First, open interest across Bitcoin perpetuals relative to seven-day averages, combined with funding rate direction, helps identify whether fresh leverage is chasing rebounds or whether the market is still de-risking. Live panels for these figures are available on CoinGlass.

Second, exchange stablecoin balances and large net deposits, especially into Binance and CME basis moves, can precede periods when spot leads and derivatives catch up.

Third, equity futures and dollar indexes around tariff headlines can gate crypto ranges intraday.

The price path into Nov. 1 will be set by tariff guidance, equity and dollar conditions, and whether leverage rebuilds faster than spot flows warrant.

Mentioned in this articleLatest Bitcoin Stories

TL;DR

On October 10, the crypto market lost nearly $500 billion in market capitalization, and Ethena’s USDe temporarily depegged on Binance.
Ethena confirmed that its stablecoin remained overcollateralized and clarified that the underlying positions generated profits during the volatility.
The de-pegging on Binance was mainly due to the use of internal exchange prices as an oracle.

On Friday, October 10, the crypto market experienced a crash that erased nearly half a trillion dollars from its total market capitalization. During the sell-off, Ethena’s “synthetic dollar,” USDe, temporarily depegged on Binance, dropping to around $0.65, while traders with leveraged positions suffered over $19 billion in liquidations.

USDe Serve as collateral on centralized exchanges and on-chain protocols. Unlike stablecoins such as USDT or USDC, which are backed 1:1 by real-world assets, this stablecoin is supported by delta-neutral positions of crypto assets. During the volatility spikes, Ethena published an out-of-schedule proof of reserves and confirmed that its stablecoin remained overcollateralized, noting that the underlying positions generated gains that reinforced its collateralization.

Why Did USDe De-peg?
The de-pegging on Binance occurred mainly due to the use of internal exchange prices as an oracle. As collateral was sold off, the price of USDe dropped further, triggering additional liquidations of USDe-backed positions.

The company acknowledged the temporary de-pegging of USDE, BNSOL, and WBETH, clarifying that it was a consequence, not the cause, of the market volatility. Binance reimbursed affected users with around $283 million and attributed extreme price movements in certain altcoins to long-standing limit orders executed in low-liquidity conditions.

Outside of Binance, the de-pegging of WBETH did trigger liquidations on BNB Chain’s Venus Protocol, where the platform committed to reimbursing users who incurred losses during a 40-minute window.

Despite the magnitude of the volatility and its impact on the market, Binance’s rapid response and compensation, along with the resilience demonstrated on other on-chain platforms, highlight the importance of having robust protection and transparency mechanisms in place

In brief
The Singapore High Court has approved WazirX's debt restructuring scheme with modifications.
The platform will resume operations within 10 business days once the scheme becomes legally effective.
95.7% of voting creditors backed the amended plan in the August 2025 revote.
Embattled crypto exchange WazirX secured court approval for its debt restructuring plan on Monday, allowing the platform to reopen more than a year after hackers stole $234 million in one of the largest cyberattacks in the industry's history.

Singapore's High Court sanctioned the plan with modifications after 95.7% of voting creditors, representing 94.6% in value, backed the amended scheme in an August 2025 revote, according to a statement shared with Decrypt.

📢 Scheme of Arrangement Sanctioned by the Singapore High Court

We are pleased to share that the Singapore Court has sanctioned the Scheme proposed by Zettai in HC/SUM 940/2025 (“SUM 940”) with modification, marking a decisive step forward in the recovery journey.

What Happens… pic.twitter.com/IxOrZPIKhD

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) October 13, 2025

Zettai Pte Ltd., the Singapore-based company that operates WazirX, said the platform will restart within 10 business days, once the scheme becomes legally effective following a regulatory filing with Singapore's Accounting and Corporate Regulatory Authority.

"The sanction represents a key milestone in WazirX’s journey since it marks one of the fastest restructurings in the global crypto industry, despite suffering one of the biggest cyberattacks in the history of this space,” Nischal Shetty, founder of WazirX, told Decrypt.

The court ruling ends a months-long freeze for WazirX's 6.6 million users who have been unable to access their funds since the platform halted trading after the hack, which authorities linked to North Korea's state-sponsored hackers.

"Users have been waiting for a long time with understandable frustration, and I truly hope this marks the beginning of a smooth recovery process where users can finally regain access to their funds as soon as possible," crypto influencer Pushpendra Singh, a vocal critic of WazirX following the hack, told Decrypt. "Transparency and timely execution will be key in restoring trust within the community."

The exchange's ability to restructure directly impacts whether users will recover their frozen crypto assets through the company's proposed recovery token system.

Token distributions will begin once operations resume, with the exchange projecting that users could recover 75% to 80% of their account balances at the time of the hack.

The court approval provides breathing room after a turbulent legal process, as the Singapore High Court initially rejected Zettai's restructuring plan in June before reversing course in July and ordering a revote on an amended version.

Only 3.3% of creditors participated in the first vote, prompting the modified scheme. Zettai will notify all creditors regarding the relevant legal filings and timelines.

Meanwhile, the Delhi High Court ordered Zettai in August to produce its acquisition agreement with Binance and disclose restructuring scheme details, as creditors push for transparency following the hack.

Last week, the Bombay High Court ruled that Indian crypto exchange CoinSwitch can secure its stolen assets held on WazirX, dismissing objections from Zanmai Labs, the Indian entity operating WazirX and a subsidiary of Zettai.

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TL;DR

IoTeX confirmed that the apparent IOTX crash to zero on Binance was caused by a technical glitch involving chart display issues and old limit orders under thin liquidity, not genuine trading.
Binance corrected the anomaly, compensated impacted users, and released a detailed explanation.
IoTeX introduced a recovery plan involving token buybacks, reward programs, and liquidity coordination to restore trust and reinforce market stability.

IoTeX, the blockchain platform focused on real-world AI applications, moved quickly after its token briefly displayed a zero price on Binance during the October 10 market turmoil. The team clarified that no real trades occurred at that level. The misleading drop resulted from UI display failures and historical orders triggered during extreme volatility. Binance restored accurate charts and issued compensation to users who experienced losses tied to the glitch.

The company emphasized that fixing the chart was only a preliminary action. Its broader plan aims to rebuild sentiment among investors, address liquidity depth, and prevent similar distortions. IoTeX reiterated its commitment to community members affected by the event and highlighted long-term efforts to reinforce market confidence. The team also noted that it would increase transparency through periodic updates across major social channels and technical bulletins to reassure institutional partners and smaller investors alike.

Token Buybacks Gain Momentum
At the center of the plan is a foundation-led token buyback initiative intended to shrink circulating supply and show continued backing for the asset. IoTeX is also coordinating with market makers to enhance liquidity, especially across centralized exchanges with higher retail activity. Additional discussions are underway with analytics firms to improve monitoring tools that can quickly flag imbalances before they lead to inaccurate price displays.

The strategy includes direct cooperation with partner platforms to prevent outdated orders from resurfacing in future stress scenarios. These actions are meant to stabilize price formation and reduce vulnerability to technical anomalies.

Reward Programs For Long-Term Supporters
In addition to buybacks, IoTeX is preparing new reward programs tailored for long-term token holders. The incentives will include participation-based benefits, ecosystem collaborations, and opportunities for users aligned with the project’s growth in sectors like smart devices, automation, and digital identity. The team is also evaluating grant-style initiatives to encourage developers building tooling and integrations around the IOTX token.

Binance committed to refining its interface and implementing additional safeguards to prevent abnormal pricing in similar events. The exchange confirmed it distributed around $283 million in compensation across multiple affected assets.

Industry observers note that the swift, coordinated response by IoTeX has positioned the project as a resilient and proactive player. 

In brief
Strategy raised $27 million by issuing preferred shares.
The firm bought Bitcoin at an average price of $123,500 last week.
Bitcoin still hasn’t recovered fully from last week’s crash.
Strategy, the world’s largest corporate holder of Bitcoin, said that it spent $27 million on the asset last week, but it appears that the firm did so before the leading cryptocurrency's price plunged on Friday.

Although Bitcoin’s price ranged between $126,000 and $110,000 last week, Strategy said that it purchased 220 Bitcoin at an average price of $123,500, a figure that aligns more closely with Bitcoin’s all-time high mark a week ago than the dip that followed, according to a press release.

Strategy’s latest Bitcoin purchase was its third-smallest this year, but it still lifted the average cost of Bitcoin in its stockpile above the $74,000 mark. At other points this year, Strategy has unveiled weekly Bitcoin purchases costing the firm as much as $2.46 billion.

The Tysons Corner, Virginia-based firm said it now owns 640,250 Bitcoin, which was worth around $73 billion based on current prices, according to crypto data provider CoinGecko.

In recent weeks, when Strategy has raised proceeds solely from selling preferred shares, its corresponding Bitcoin purchases have been smaller than periods in which it issues common shares at a premium to relative its Bitcoin holdings to increase its stockpile.

The company’s latest Bitcoin purchase was funded with proceeds from selling $1.7 million worth of STRK, $17.1 million worth of STRF, and $6.9 million worth of STRD. Introduced as an additional funding mechanism this year, some preferred shares receive dividend payments.

On Monday, Bitcoin’s price hovered around $115,000, clawing back some losses amid hopes that trade tensions would de-escalate between the U.S. and China. Although Bitcoin’s price was down 8% over the past week, altcoins showed even greater losses.

Strategy’s shares changed hands around $304.78 on Monday, rising slightly from Friday, according to Yahoo Finance. The firm’s stock price has fallen 15% in the past five trading days.

“Don’t worry about China,” U.S. President Donald Trump wrote on Truth Social on Sunday, after sparking a global sell-off with threats of steeper levies on the nation.

“No tariffs on Bitcoin,” Strategy co-founder and Executive Chairman Michael Saylor wrote on X on Friday.

Bitcoin treasury firms have exploded in popularity this year, but amid an increasingly crowded field, only one outperformed Bitcoin itself in the third quarter, according to Greg Cipolaro, Global Head of Research at NYDIG.

In a report last week, he wrote that a Bitcoin-buying firm called Empery Digital outperformed Bitcoin’s 6.2% rise, while Strategy’s stock price fell 20.3% during the period.

As a result, it became less lucrative for Strategy to grow its Bitcoin stockpile by issuing common shares, as its stock went from being valued at an 86% premium to its Bitcoin holdings to a 39% premium. 

“What started off as a balance sheet investment with MSTR in 2020 morphed into a full-blown industry of public companies whose nearly entire objective is to own one crypto or another,” he added, referring to Strategy by its ticker symbol.

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Dogecoin (CRYPTO: DOGE) is back above 20 cents following news of a new partnership between Brag House Holdings Inc. (NASDAQ:TBH) and House Of Doge, the Dogecoin Foundation's commercial arm.

CryptocurrencyTickerPriceMarket Cap7-Day TrendDogecoin(CRYPTO: DOGE)$0.2112$31.97 billion -20.6% Shiba Inu(CRYPTO: SHIB)$0.00001103$6.5 billion -14.4% Pepe(CRYPTO: PEPE)$0.057844$3.3 billion-23.5% Trader Notes: EtherNasyonal observed that Dogecoin is entering a quiet accumulation phase reminiscent of 2020.

After breaking its major downtrend from the 2021 all-time high, the coin is consolidating in preparation for a potential bull run.

Short-term volatility is largely noise, while the long-term trend remains bullish, laying the groundwork for a possible surprise surge.

Cantonese Cat highlights that Dogecoin is forming a "handle" pattern on the monthly chart.

The price recently tested the 0.382 log Fibonacci level but has since found support at 0.618.

The overall technical structure remains intact, suggesting that recent losses are more emotional than structural.

Statistics: Over the past 24 hours, Dogecoin liquidations totaled $14.3 million, with $7.6 million coming from short positions.

Community News: House Of Doge is set to go public through a reverse merger with NASDAQ-listed Brag House Holdings Inc., a Gen Z-focused gaming, college sports, and digital media platform.

Scheduled for completion in early 2026, the merger aims to boost Dogecoin adoption and institutionalize its utility.

The combined entity plans to generate diversified revenue streams via Dogecoin-denominated merchant services, payment infrastructure, data insights, licensing, and treasury activities, while holding a significant Dogecoin reserve.

Read Next: 

Bitcoin Roars To $114,000, Ethereum, XRP, Dogecoin Rebound From $20 Billion Liquidation Catastrophe
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Ripple's native cryptocurrency XRP has rebounded after plunging to a 10-month low of $1.58 on Friday. The third-largest coin by market cap has since rallied by 66%, recovering more than $75 billion in market value on Monday's US market session start.