Market Signal Briefing

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.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

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.

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Bitcoin Roars To $114,000, Ethereum, XRP, Dogecoin Rebound From $20 Billion Liquidation Catastrophe
Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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.

Journalist

Posted: October 13, 2025

Key Takeaways
Are BTC bulls in control?
3% rebound might be more of a bear trap, than a mark of real spot demand.

Should traders load shorts?
With no dip-buying in sight, opening shorts appear to be strategic. Past flash crashes have seen V-shaped recoveries, but this bounce isn’t guaranteed to flip into a full rally yet.

Last week’s Bitcoin [BTC] dump reminded us where the real action is – Derivatives. Coincidence or not, massive BTC shorts cashed out, pocketing huge profits from BTC’s nearly 8% drop in under 72 hours.

However, excessive greed cuts both ways. In fact, Coinglass data revealed $620 million wiped out in the last 24 hours, with shorts taking the bigger hit – Accounting for roughly 67% of total liquidations.

And yet, OG whales are still HODLing shorts. With that setup, another short squeeze could be on deck as BTC picks up momentum. Question is – Will this bounce stay a bear trap or flip into a breakout?

BTC rebounds as market calls Trump’s bluff
History shows us that flash crashes are the ultimate crash course for traders. 

Even before Trump’s “don’t worry about China” tweet, the market called the bluff. On Polymarket, the odds of China tariffs tanked from 25% to 10%, showing that the market was pricing in a near-zero chance of escalation.

Trump’s Truth Social post later confirmed it, backing the market’s read. The result? BTC managed to dodge a Q1-style flash crash, back when it nuked by nearly 30% as tariffs went live worldwide. 

Source: TradingView (BTC/USDT)

As a result, traders are now pricing in another V-shaped rebound. 

Back in April, when BTC dumped by 10% in under 10 days on the “Liberation Day” FUD, the flash crash was followed by a clean V-recovery as the crypto reclaimed the $82k-range and ripped to new highs soon after.

However, that setup didn’t repeat itself during the August $124k ATH, when the price failed to reclaim its prior high. This time, a vertical re-capture of $125k is key. To pull that off, the cryptocurrency needs to show this bounce isn’t just a short squeeze.

Will Bitcoin bulls flip the script on greed?
At the time of writing, BTC shorts seemed to be piling in, hinting at signals most traders might be missing.

At $117k, the “winner” whale who banked $192 million during the flash crash is back, loading a $163 million short at 10x leverage, with a liquidation price of $123k. The position’s already sitting on $2.5 million in floating P&L.

However, is this just greed? According to Santiment, top whales are bleeding out, trending lower with zero dip-buying action – A sign of caution for bulls.. Simply put, the usual “buy the fear” play isn’t happening right now.

Source: Santiment

Against this setup, loading shorts might be smart. 

With weak bid support, BTC’s 3% bounce might read more like a classic bear trap than real spot demand, keeping weak hands in control. Until that flips, a V-shaped run to $125k will remain too far-fetched for now.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Indian exchange WazirX has received the greenlight from the Singapore High Court, paving way for users to finally get their crypto funds back.

WazirX Restructuring Approved By Singapore High Court
As announced by WazirX founder and CEO Nischal Shetty in an X post, the latest Singapore High Court hearing has ended with the platform’s restructuring scheme receiving approval.

The hearing marked the culmination of WazirX’s recovery efforts following the infamous July 2024 hack. This hack, which was later linked with North Korea’s Lazarus Group, drained the platform of almost $235 million in user crypto. At the time, the exchange held a total of $500 million, meaning hackers made away with about 47% of its reserve.

WazirX had to cease operations once the hack became known, and to this day, users have been unable to withdraw their funds from wallets linked with it. The successful Monday hearing from the Singapore High Court, however, could finally flip the situation. The hearing was regarding WazirX’s restructuring plan that would see it restart operations. The platform had previously attempted to get a similar scheme through back in June, but the Singapore court rejected the proposal.

While WazirX is an Indian exchange, its parent company, Zettai, is based in Singapore. This is why the hearings have been taking place in the Southeast Asian country, rather than the subcontinent. The High Court rejected the earlier scheme due to compliance issues with Singapore’s Financial Services and Markets Act (FSMA) and concerns over the involvement of Panama-based Zensui in the redistribution process.

WazirX went back to the drawing board and came up with another proposal, this time with the Indian component of the platform handling the crypto redistribution instead. The court didn’t issue a decision during the September hearing, leaving creditors tense about whether the plan would be rejected again.

The exchange had warned that an unsuccessful scheme could set back user fund distribution by at least two more years. After the October 13th hearing, however, creditors can finally breathe a sigh of relief, as the court has approved the proposal.

“Thank you to everyone who supported this difficult phase of WazirX,” said Shetty. “Now we set out on the next phase to work hard and create value for everyone.” So far, the platform hasn’t confirmed when user redistribution will start, but earlier, it had said that creditors can expect their crypto back within 10 days of an effective scheme.

On the topic of crypto hacks, North Korean hackers have continued their wave of wallet raids in 2025. According to blockchain analytics firm Elliptic, malicious players linked to Pyongyang have already stolen more than $2 billion in digital assets so far this year.

This marks the largest yearly total of crypto thefts ever attributed to North Korea, as the below chart shows. The majority of this figure is contributed by the massive $1.46 billion theft from Bybit.

North Korean digital asset hacks over the years | Source: Elliptic
Besides the big exchange hacks, North Korean hackers have also been employing more subtle tactics to steal from digital asset wallets. A recent report revealed that attackers from the nation are masquerading as recruiters to lure in applicants with fake job offers and make off with their funds.

Bitcoin Price
Bitcoin has made some recovery from its latest crash as its price is back at $114,900.

The trend in the price of the crypto over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Elliptic.co, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

TLDR:

RippleX and Immunefi have launched a $200K Attackathon to test the XRPL Lending Protocol’s security.
The program invites global security researchers to review over 35,000 lines of C++ code.
Participants can earn RLUSD rewards by identifying vulnerabilities during the event’s four-week run.
The initiative includes an educational phase via the XRPL Attackathon Academy to train new developers.

The XRP Ledger is getting a major stress test. RippleX has joined forces with Immunefi to launch a $200,000 Attackathon aimed at improving the proposed XRPL Lending Protocol. 

The event invites security researchers worldwide to review more than 35,000 lines of C++ code, search for vulnerabilities, and earn rewards in RLUSD. The initiative, which runs from October 27 to November 24, combines education and real-world testing to make the XRPL ecosystem more resilient.

RippleX confirmed the collaboration in a recent post on X, marking a key step toward a safer decentralized finance framework for the XRP Ledger. 

The company said the program will also feature a learning phase through the new XRPL Attackathon Academy, where developers can study XRPL’s design before the testing window begins.

XRPL Attackathon Opens Doors for Security Researchers
According to Immunefi’s blog, the Attackathon program focuses on transparency, collaboration, and security improvement. Researchers are invited to uncover critical bugs, report them responsibly, and receive payouts tied to the severity of their findings. Immunefi said the process ensures both accountability and speed in addressing potential risks before the lending protocol goes live.

The collaboration blends RippleX’s developer tools with Immunefi’s experience in Web3 security programs. It aims to attract both professional auditors and newcomers interested in blockchain security. 

The blog also mentioned that participants can access curated resources, documentation, and community support through the academy before diving into code analysis.

RippleX’s lending protocol is designed to expand financial functionality on XRPL by introducing native decentralized lending features. By holding an Attackathon before deployment, RippleX is signaling a proactive approach to protecting user funds and network integrity.

We are collaborating with @immunefi to prepare a $200K Attackathon to test and strengthen the proposed XRP Ledger Lending Protocol.

The program runs Oct 27 – Nov 24 and invites security researchers to review more than 35K lines of C++ code, uncover vulnerabilities, and earn… https://t.co/eQ4wTtsSCt

— RippleX (@RippleXDev) October 13, 2025

Strengthening DeFi Through Open Collaboration
The Attackathon runs for nearly a month, giving enough time for researchers to test every function, edge case, and line of code. Immunefi, known for managing security programs for major crypto projects, said it expects strong participation due to XRPL’s global developer base.

RippleX stated that the education phase is already live, helping participants get familiar with the XRPL ecosystem ahead of testing. The company emphasized that this format creates a balanced mix of learning and competition, aligning with its vision of long-term ecosystem growth.

As interest in decentralized lending continues to grow, the XRPL Attackathon represents an important step toward building trust through transparency. The final results are expected to shape the rollout of the XRPL Lending Protocol in the coming months.

PENGU rebounds 13% after a flash crash, reclaiming key support. Analysts eye a breakout toward $0.03–$0.13 if momentum holds.

After falling sharply last week, PENGU is now on the rise again and has recorded a 13% increase in the last 24 hours. Moreover, it has gained 80% since the $0.014 low (on CoinGecko) marked during the market-wide crash.

Channel Support Remains Intact
According to a weekly chart shared by Ali Martinez, PENGU is still holding within a descending channel that has been in place since July. The recent drop caused a long wick below the structure, but the candle closed back inside the channel. The asset is now approaching $0.026, with support seen at $0.023.

What happened on Friday was far from normal. Some call it a black swan; others call it extreme manipulation.

Most charts now show insane wicks to the downside, but strip out the noise and you’ll see $PENGU holding structure.

If $0.023 holds, a breakout to $0.13 is in play. pic.twitter.com/eQlbH0IzRU

— Ali (@ali_charts) October 13, 2025

Meanwhile, the analyst said Friday’s drop was “far from normal” and described by some as a “black swan” event. Despite the sharp movement, the price structure remains valid. If support holds, a move toward $0.13 is still possible based on the channel’s breakout projection.

A separate analysis from CryptoPulse points to a bullish flag on the daily chart. After dipping outside the formation, the asset quickly returned inside. This suggests the pattern may still be in play. The next upside zone is projected near $0.032 to $0.034.

Notably, the setup depends on the price remaining above the lower trendline. CryptoPulse noted that a drop below this line could shift the outlook, with $0.017 as the next support to monitor. For now, higher lows continue to form along the support level.

Momentum Indicators Turn Positive
Short-term indicators are showing signs of recovery. The Bollinger Bands on the 4-hour chart show the price rebounding above the middle band, with resistance near $0.0296. The MACD line has crossed above the signal line, and the histogram is back in positive territory, showing early momentum in favor of buyers.

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Source: TradingView
Market data shows a shift in trader positioning. The long/short ratio for PENGU has climbed from below 0.80 on October 10 to above 1.10 by October 12. Buy volume is outpacing sell volume, pointing to increased bullish sentiment among participants.

Source: Coingass
In fact, the trend suggests growing confidence in a possible breakout if support levels are respected.

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The UK-listed Smarter Web Company has purchased an additional 100 BTC worth $12.1 million at an average price of $120,480 per coin, boosting its total holdings to 2,650 BTC valued at roughly $219.5 million.

Analysts have identified immediate resistance for XRP in the $2.80-$3.00 range.

Ripple (XRP) bounced back sharply from the lows of under $1 on some exchanges to $2.60 after plummeting due to Trump’s 100% China tariff, which wiped out $19 billion in crypto leverage. Fresh buying momentum has since restored confidence.

Experts suggest that XRP’s technical outlook is positive, and weekly closes above $2.80 may open paths toward new highs.

Technical Resistance Levels
XRP has staged a sharp recovery of about 160% from Saturday’s low near $1, after the largest crypto liquidations on record erased almost $20 billion in leveraged positions. The broader market has stabilized, too, as seen with the surge of total capitalization back above $4 trillion after US-China trade tensions cooled.

For XRP, this rebound was also possible due to recovering institutional confidence. In a statement to CryptoPotato, B2BINPAY analysts explained that exchange-traded crypto products (ETPs) saw nearly $6 billion in inflows earlier this month, including over $200 million into XRP-linked funds. This is a strong sign that professional investors are adding exposure following Ripple’s legal settlement with the US Securities and Exchange Commission (SEC) in August.

From a technical perspective, B2BINPAY found that XRP’s immediate resistance is near $2.80-$3.00. As such, the analysts predicted that a weekly close above this range could target $3.40-$3.70. On the flipside, however, any slowdown might lead to consolidation between $2.50-$2.70 as leveraged positions reset.

Broader macro factors, such as a softer dollar or easing trade tensions, could support further gains, though new shocks could obstruct positive momentum.

“Still, the fact that XRP rebounded so quickly after a systemic flash crash means that its fundamental demand and investor base remain strong.”

Zooming Out
Short-term technical momentum now complements long-term bullish patterns. According to ChartNerd, XRP appears poised for higher levels after breaking out of a multi-year triangle pattern that began forming in 2018, with a clear breakout occurring in late 2023. Since then, the crypto asset has tracked a curved support path and has held at critical price levels.

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Using Fibonacci extensions (1.414 and 1.618), the analyst projects bold targets of $14 and $28. Additionally, a flag formation in 2024-2025 points to a brief consolidation before the next leg up. If XRP surpasses this flag, it could reach these higher targets between 2026 and 2028.

After nearly a $19 billion wipeout, the Bitcoin and crypto market has clawed back but volatility is signaling more turbulence ahead, according to an update from Derive.xyz. The team noted that they witnessed an unprecedented market meltdown on Friday (October 10, 2025), with more than $19 billion in liquidations across the crypto-assets ecosystem.

This activity has been attributed to panic as well as thin liquidity. Notably, BTC, ETH and SOL saw flash crashes of “-12%, -20% and -24.6% respectively, before stabilising.”

Altcoins were hit even harder “as HYPE (-54%), DOGE (-62%), and AVAX (-70%) all suffered catastrophic drawdowns before recovering to more modest losses.”

The update from Derive.xyz added that the crash was “triggered by renewed fears of a U.S.-China trade war, after Donald Trump threatened an additional 100% tariff on Chinese imports.”

This came on the heels of China announcing new “restrictions on rare earth element exports, escalating tensions between the two economies.”

The market update added:

“Trump’s tariff remarks immediately sent shockwaves through global markets. Liquidity evaporated across crypto futures as market makers pulled quotes to avoid breaching risk limits. With order books thinned out, forced liquidations and panic selling had an outsized impact on price, fueling a self-reinforcing cascade of liquidations and accelerating the flash crash.”

The report also mentioned:

“Volatility spiked sharply across BTC and ETH markets. Typically, sharp selloffs only lift short-dated volatility (1-7 DTE) as traders expect near-term turbulence to subside. However, Friday’s downturn drove elevated volatility across all expiries, signaling expectations of sustained turbulence and a choppy road ahead.”

On the day of the crash, options skew “dropped sharply for both BTC and ETH, reflecting a rush into downside protection.”

Skew measures the relative demand “for calls versus puts; a more negative value indicates higher demand for puts.”

In BTC options, Derive.xyz said they saw “heavy buying of $115K and $95K puts for the October 31 expiry, alongside a sharp reversal from call buying to call selling at the $125K strike (October 17 expiry), signaling a bearish near-term outlook.”

For ETH, traders focused “on the October 31 $4K and October 17 $3.6K strikes, while substantial buying of $2.6K puts for December 26 expiry reflected growing bearish sentiment through year-end.”

As covered, Derive.xyz (TVL $115.8M, $18.6B trade volume). is the decentralized protocol that creates “programmable onchain options, perpetuals, and structured products.”

BitMine now commands an unprecedented 2.5% of all Ether, placing it in a league of its own. This concentration transforms the firm into a foundational pillar of the Ethereum network, with influence extending far beyond its balance sheet.

Summary

BitMine now holds 3.03 million ETH, representing 2.5% of Ethereum’s total supply and marking a major step toward its 5% target.
The company’s accumulation is backed by major investors including ARK Invest, Founders Fund, and Pantera Capital.
Beyond ETH, BitMine disclosed $104 million in cash, 192 BTC, and $135 million in “moonshot” equity holdings, with its stock trading $3.5 billion daily.

According to a press release dated Oct. 13, BitMine Immersion Technologies aggressively added 202,037 Ether (ETH) to its coffers during a recent market downturn, officially pushing its holdings past the 3.03 million token mark.

The company’s chairman, Thomas “Tom” Lee, stated the strategic acquisitions were a direct response to what he termed a “substantial discount to the future,” leveraging market deleveraging to accelerate its progress toward a stated goal of controlling 5% of the entire Ether supply.

“Volatility creates deleveraging and this can cause assets to trade at substantial discounts to fundamentals, or as we say, ‘substantial discount to the future’ and this creates advantages for investors, at the expense of traders,” Lee said. “This Chairman’s Message explains our framework for why we see Ethereum in a Supercycle driven by the AI and Wall Street moving into the blockchain.”

Progress toward the 5% horizon
With 3.03 million ETH in its coffers, BitMine’s figure sits at about 2.5% of circulating Ether. To control 5% of Ethereum’s total supply, the company would need to acquire an additional 3 million ETH under current total supply and market assumptions, effectively doubling its current position.

This pursuit is backed by a formidable consortium of institutional capital, including ARK Invest, Founders Fund, Pantera Capital, and Galaxy Digital, providing the financial firepower for such an audacious long-term strategy.

Beyond its colossal ETH position, BitMine holds 192 Bitcoin, $104 million in unencumbered cash, and a $135 million stake in Eightco Holdings classified as “moonshots.” These assets sum, with its ETH position, to a total reported $12.9 to $13.4 billion in liquidity and crypto value.

On the equity side, BitMine claims significant momentum: its stock is now among the most heavily traded in the U.S. As of the latest five-day average, BMNR’s daily trading volume reaches roughly $3.5 billion, putting it at rank #22 among all U.S.-listed names, according to data from Fundstrat.

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Dogecoin price has rebounded in the past few days, coinciding with the ongoing crypto market rally. DOGE token jumped to $0.2073 today, Oct. 13, up by 105% from its lowest point on Friday. A crypto analyst believes that it may be on the verge of a strong move as the House of Doge prepares to go public.

Dogecoin Price Could Jump as House of Doge Prepares Nasdaq Listing
Dogecoin price has two potential catalysts that may push it higher in the coming weeks. One of them is that the House of Doge, which is the corporate arm of the Dogecoin Foundation, is preparing to go public.

The company will list on NASDAQ by merging with Brag House Holdings. This deal is backed by about $50 million in investment capital and access to more. It also has over 837 million DOGE coins in its ecosystem.

In a statement, the company said that the partnership will help to create a company that will bridge the gap between crypto and the capital markets. It also seeks to actualize Brag House’s goal of connecting young people and key industries like gaming and college football. 

The other notable catalyst for the Dogecoin price is that the Securities and Exchange Commission (SEC) will likely approve DOGE ETFs by companies like 21Shares, Bitwise, and Grayscale. 

There are signs that these funds will attract institutional capital. Besides, the recently launched DOJE ETF, which has an expense ratio of 1.5% has already attracted $30 million from investors. As such, the cheaper ETFs will likely have more inflows.

Meanwhile, one popular crypto analyst delivered a highly bullish DOGE price forecast 2025. This forecast came two days after the coin plunged by over 60% leading to $364 million in liquidations. In his post, Trader Tardigrade noted that Dogecoin price always rebounds after falling by 80% from it peak. 

DOGE price forecast
DOGE Price Technical Analysis as a Hammer Candle Forms
The daily timeframe chart shows that the Dogecoin price bottomed at $0.1016 during the recent crypto market crash. It has formed a giant hammer candlestick pattern, which is made up of a body and a long lower shadow. This is one of the most common bullish signs in technical analysis.

The token then formed a small morning star candlestick pattern, which also leads to more upside. It has also jumped above the ultimate support of the Murrey Math Lines tool at $0.1953. 

Dogecoin price chart
Therefore, the token will likely continue rising as bulls target the major S/R pivot point at $0.2500. A move below the extreme oversold level of the Murrey Math Lines at $0.1700 will invalidate the bullish forecast.

Cardano price rebounds from oversold conditions, testing $0.76 resistance. Low volume raises the risk of rejection back toward $0.49 support.

Summary

Oversold bounce confirmed at $0.49 support.
Strong resistance at $0.76 with low volume rally.
Possible rejection leading to range formation between $0.49–$0.76.

Cardano (ADA) price has confirmed an oversold bounce after finding strong support around the $0.49 region during the recent capitulation event. While the rebound has lifted sentiment among traders, the recovery is now encountering a critical resistance zone around $0.76, a level reinforced by multiple technical confluences.

Renewed confidence in ADA’s next potential rally is can stem from the Hydra upgrade. The next move from this area will likely determine whether ADA continues higher or establishes a longer-term accumulation range.

Cardano (ADA) price key technical points

Oversold Reversal: ADA rebounded from $0.49 support following an extended sell-off, confirming short-term relief.
Major Resistance Zone: The $0.76 region aligns with an older order block, the Point of Control (POC), and structural resistance.
Volume Profile: Current bounce is occurring on low volume, signaling caution for potential rejection.

ADAUSDT (1D) Chart, Source: TradingView
The recent bounce in Cardano’s price structure comes after a strong downward leg that left the asset in deeply oversold territory. The recovery from $0.49, a key higher time frame support level, has reaffirmed buyers’ presence, but the move remains technically fragile. The rally’s low volume indicates limited participation, suggesting that the market may lack the momentum needed to break above nearby resistance zones.

At present, the $0.76 region stands as a decisive test. This level represents both an older order block and a Point of Control, areas where significant trading activity previously occurred. These overlapping technical factors form a zone of resistance where sellers may look to defend their positions.

If ADA fails to break through this region with convincing volume, a rejection and subsequent rotation toward $0.49 support become increasingly likely.

Should such a move unfold, it would likely fill the exposed wick left behind during the bounce, a common pattern in Cardano’s historical price behavior. From a structural perspective, this would set the stage for the development of a broader trading range between $0.49 and $0.76, allowing the market to establish an accumulation base before attempting another push higher.

The current setup highlights a classic recovery scenario where an oversold bounce meets structural resistance. For bullish continuation to remain valid, Cardano needs to reclaim and hold above $0.76 on daily closes, ideally accompanied by rising volume and increasing open interest. Failure to do so could lead to further range-bound trading, potentially forming a mid-term consolidation channel.

What to expect in the coming price action
Cardano’s short-term bias remains neutral to cautiously bullish while trading below $0.76. A clean breakout with strong volume could open the door to targets near $0.90 and $1.00, while rejection from this zone would likely see price rotate back toward $0.49 support.

If the latter scenario plays out, it could mark the beginning of a wider consolidation range between $0.49 and $0.76, a structure that would provide a stronger foundation for the next bullish expansion phase.

Bitcoin derivatives show renewed optimism after a leverage flush, with open interest and basis rebounding, while options traders tilt bullish as funding rates diverge across exchanges.Updated Oct 13, 2025, 3:58 p.m. Published Oct 13, 2025, 3:55 p.m.

The crypto market staged a recovery on Monday following the weekend's $500 billion bloodbath that resulted in a $10 billion drop in open interest.

Bitcoin BTC$115,034.02 rose by 1.4% while ether ETH$4,145.59 outperformed with a 2.5% gain. Synthetix (SNX, meanwhile, stole the show with a 120% rally as traders anticipate "perpetual wars" between the decentralized trading venue and HyperLiquid.

STORY CONTINUES BELOW

Plasma (XPL) and aster (ASTER) both failed to benefit from Monday's recovery, losing 4.2% and 2.5% respectively.

Derivatives PositioningThe BTC futures market has stabilized after a volatile period. Open interest, which had dropped from $33 billion to $23 billion over the weekend, has now settled at around $26 billion. Similarly, the 3-month annualized basis has rebounded to the 6-7% range, after dipping to 4-5% over the weekend, indicating that the bullish sentiment has largely returned. However, funding rates remain a key area of divergence; while Bybit and Hyperliquid have settled around 10%, Binance's rate is negative.The BTC options market is showing a renewed bullish lean. The 24-hour Put/Call Volume has shifted to be more in favor of calls, now at over 56%. Additionally, the 1-week 25 Delta Skew has risen to 2.5% after a period of flatness.These metrics indicate a market with increasing demand for bullish exposure and upside protection, reflecting a shift away from the recent "cautious neutrality."Coinglass data shows $620 million in 24 hour liquidations, with a 34-66 split between longs and shorts. ETH ($218 million), BTC ($124 million) and SOL ($43 million) were the leaders in terms of notional liquidations. Binance liquidation heatmap indicates $116,620 as a core liquidation level to monitor, in case of a price rise.Token TalkBy Oliver Knight

The crypto market kicked off Monday with a rebound in the wake of a sharp weekend leverage flush. According to data from CoinMarketCap, the total crypto market cap climbed roughly 5.7% in the past 24 hours, with volume jumping about 26.8%, suggesting those liquidated at the weekend are repurchasing their positions.A total of $19 billion worth of derivatives positions were wiped out over the weekend with the vast majority being attributed to those holding long positions, in the past 24 hours, however, $626 billion was liquidated with $420 billion of that being on the short side, demonstrating a reversal in sentiment, according to CoinGlass.The recovery has been tentative so far; the dominance of Bitcoin remains elevated at about 58.45%, down modestly from recent highs, which implies altcoins may still lag as capital piles back into safer large-cap names.The big winner of Monday's recovery was SNX$2.4709, which rose by more than 120% ahead of a crypto trading competition that will see it potentially start up "perpetual wars" with HyperLiquid.More For You

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HBAR surged past key resistance at $0.19 amid a dramatic volume spike, signaling renewed institutional interest and reinforcing bullish momentum after a 9% recovery stretch.

What to know:

Trading activity spiked to 15.65 million units at 13:31 on Oct. 13, driving a breakout above the $0.19 resistance zone.Consecutive high-volume intervals suggest strong institutional engagement and sustained accumulation.HBAR maintained support above $0.189, capping a 23-hour, 9% rally between $0.17 and $0.19, setting the stage for potential continued upside.Read full story

Summary

Pi Coin price prediction remains speculative as PI trades near $0.35, caught between optimism over mainnet progress and doubts about transparency.
A breakout above $0.40 could lift prices toward $0.50–$0.60, while failure to hold $0.33 risks a decline toward $0.25–$0.28.
Until exchange listings and utility materialize, PI’s “true value” is shaped more by belief and sentiment than by fundamentals.

Pi (PI) is trading around $0.2158 USD as of the latest data, with a 24-hour trading volume near $51.8 million. The modest rebound today follows several days of volatility and downward pressure. The question on many traders’ minds now: is PI undervalued, or are the risks outweighing the hype?

Current Pi Coin price scenario
Pi Coin 1D price chart | site: crypto.news
PI is now trading sideways in the range of $0.20 to $0.25, way below its ATH of around $3. The coin still has moderate liquidity, but there’s not enough trading volume to prevent sharp price swings in either direction. Sentiment is still beholden to project developments like token unlocks and the activities displayed by the coin’s foundation wallet, leading to significant caution among potential buyers.

In terms of on-chain analysis, momentum indicators have flattened off somwhat with a sideways trend now on display. For now, PI is consolidating at this lower price point while traders await fresh signals from the market.

Upside outlook for Pi Coin price
If PI breaks above $0.25 to $0.26 convincingly, that could catalyze a move toward $0.30–$0.32. Further strength, paired with utility adoption or exchange upgrades, might carry it into $0.35–$0.40 territory. The bullish narrative hinges on execution: if the network delivers usable features, developers onboard, and trading access expands, PI could surprise on the upside.

Whale accumulation could also play a role. If large holders are positioning during consolidation, their moves might provide the force needed for a breakout. Combine that with favorable macro/investment flows and sentiment could tilt bullish.

Downside risks to PI
If PI fails to hold $0.20 – $0.22, it risks sliding toward $0.18 or lower. Weak fundamentals and lack of transparency around token unlocks remain key vulnerabilities. Without adoption or real use cases, price may be driven more by speculation than substance, leaving it vulnerable during market downturns.

Delays in roadmap delivery, negative news, or exchange issues could spook holders. PI is still early stage; if expectations outpace progress, the gap between hype and reality could widen.

Skeptics also highlight that Pi’s current market value is largely narrative-driven, until real utility emerges, each rally risks fizzling out under its own weight.

Pi Coin price prediction based on current levels
At present, Pi Coin’s key range sits between $0.20 and $0.26, with traders closely watching for a decisive move in either direction. A clear break above $0.26 could open the path toward $0.30–$0.32, and if momentum builds, a further stretch to $0.35–$0.40 becomes plausible. However, failing to hold the $0.20 support level would likely confirm renewed weakness, exposing PI to further downside toward $0.18 or even lower.

PI coin remains a highly speculative asset, and PI Coin price is subject to change in either direction at what is essentially the whim of a volatile market.

Traders should be aware that this is a highly unstable asset whose bull case depends on mainnet deployment success, exchange listings, and demonstrated use of the ecosystem. It’s fair to say that these developments are still up in the air at the time of writing, and close monitoring of the health of the project is a must for anyone considering making an investment in this coin.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

The broader crypto market is showing early signs of recovery, with the global market cap rising to $3.87 trillion, up 1.45% in the last 24 hours. Bitcoin trades above $114,000, while Ethereum holds steady around $4,140. Altcoins are also seeing steady gains and are trying to climb above important resistance levels.

XRP is currently trading at $2.59, up 4.09% in the past 24 hours. Despite this short-term bounce, the token remains below its crucial resistance zone between $2.70 and $2.80 — an area that once served as strong support. This zone will likely act as a key test for XRP’s next move.

On the daily chart, XRP mirrors the broader market’s recovery, but analysts point out that the larger trend remains bearish. The asset continues to form lower highs and lower lows, suggesting that the bullish momentum may still be limited unless it can break above major resistance.

Technical OutlookOn the weekly timeframe, XRP is still playing out a bearish divergence pattern that has been in place since late July. This divergence has prevented a clean reversal, keeping traders cautious despite recent gains.

However, if XRP manages to close above $2.80, it could invalidate the current downtrend and open the door for a retest of the $3.00 to $3.10 zone. Failure to do so may result in a retest of lower supports near $2.30.

Market Sentiment and OutlookAlthough XRP has been one of the best-performing major altcoins in 2025, it has yet to break a new all-time high. The token’s strong fundamentals in cross-border payments continue to attract institutional attention, but technical signals suggest consolidation before any major breakout.

In the short term, XRP’s performance will likely depend on broader market stability and Bitcoin’s direction. If market confidence continues to grow and liquidity flows back into altcoins, XRP could attempt a move toward $3.00 again later this quarter.

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