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Switchtec™ Gen 6 PCIe Fanout Switches deliver extra bandwidth, low latency and advanced security for high-performance compute, cloud computing and hyperscale data centers

October 13, 2025 06:02 ET

 | Source:

Microchip Technology Inc.

CHANDLER, Ariz., Oct. 13, 2025 (GLOBE NEWSWIRE) -- As artificial intelligence (AI) workloads and high-performance computing (HPC) applications continue to drive unprecedented demand for faster data movement and lower latency, Microchip Technology (Nasdaq: MCHP) has introduced its next generation of Switchtec™ Gen 6 PCIe® Switches. The industry’s first PCIe Gen 6 switches manufactured using a 3 nm process, the Switchtec Gen 6 family is designed to deliver lower power consumption and support up to 160 lanes for high-density AI system connectivity. Advanced security features include a hardware root of trust and secure boot, utilizing post-quantum safe cryptography compliant with the Commercial National Security Algorithm Suite (CNSA) 2.0.

Previous PCIe generations created bandwidth bottlenecks as data transferred between CPUs, GPUs, memory and storage, leading to underutilization and wasted compute cycles. PCIe 6.0 doubles the bandwidth of PCIe 5.0 to 64 GT/s (giga transfers per second) per lane, providing the necessary data pipeline to keep the most powerful AI accelerators consistently supplied. Switchtec Gen 6 PCIe switches enable high-speed connectivity between CPUs, GPUs, SoCs, AI accelerators and storage devices, and are designed to help data center architects scale to the potential of next generation AI and cloud infrastructure.

“Rapid innovation in the AI era is prompting data center architectures to move away from traditional designs and shift to a model where components are organized as a pool of shared resources,” said Brian McCarson, corporate vice president of Microchip’s data center solutions business unit. “By expanding our proven Switchtec product line to PCIe 6.0, we’re enabling this transformation with technology that facilitates direct communication between critical compute resources and delivers the most powerful and energy efficient switch we've ever produced.”

By acting as a high-performance interconnect, the switches allow for simpler, more direct interfaces between GPUs in a server rack, which is crucial for reducing signal loss and maintaining the low latency required by AI fabrics. The PCIe 6.0 standard also introduces Flow Control Unit (FLIT) mode, a lightweight Forward Error Correction (FEC) system and dynamic resource allocation. These changes make data transfer more efficient and reliable, especially for small packets which are common in AI workloads. These updates lead to higher overall throughput and lower effective latency.

Switchtec Gen 6 PCIe switches feature 20 ports and 10 stacks with each port featuring hot- and surprise-plug controllers. Switchtec also supports NTB (Non-Transparent Bridging) to connect and isolate multiple host domains and multicast for one-to-many data distribution within a single domain. The switches are designed with advanced error containment and comprehensive diagnostics and debug capabilities, a wide breadth of I/O interfaces and an integrated MIPS processor with bifurcation options at x8 and x16. Input and output reference clocks are based on PCIe stacks with four input clocks per stack. Visit the website to learn more about Microchip’s full portfolio of PCIe switches.

Development Tools
The Switchtec Gen 6 PCIe Switch family is supported by Microchip’s ChipLink diagnostic tools, offering comprehensive debug, diagnostics, configuration and analysis through an intuitive graphical user interface (GUI). ChipLink connects via in-band PCIe or sideband signals such as UART, TWI and EJTAG, enabling flexible, efficient monitoring and troubleshooting throughout design and deployment. The switches are also supported by the PM61160-KIT Switchtec Gen 6 PCIe Switch Evaluation Kit with multiple interfaces.

Pricing and Availability
Switchtec Gen 6 PCIe switches are available for sampling to qualified customers. Contact a Microchip sales representative or authorized worldwide distributor for more information.

Resources
High-res images available through Flickr or editorial contact (feel free to publish):

Wafer image with Steve Sanghi: https://www.flickr.com/photos/microchiptechnology/54823036233/sizes/o/Application image: https://www.flickr.com/photos/microchiptechnology/54823014569/sizes/o/Sell sheet: https://ww1.microchip.com/downloads/aemDocuments/documents/DCS/ProductDocuments/Brochures/Switchtec-PFX-PSX-Gen-6-Sell-Sheet-DS00006173.pdf About Microchip Technology:
Microchip Technology Inc. is committed to making innovative design easier through total system solutions that address critical challenges at the intersection of emerging technologies and durable end markets. Its easy-to-use development tools and comprehensive product portfolio support customers throughout the design process, from concept to completion. Headquartered in Chandler, Arizona, Microchip offers outstanding technical support and delivers solutions across the industrial, automotive, consumer, aerospace and defense, communications and computing markets. For more information, visit the Microchip website at www.microchip.com. 

Note: The Microchip name and logo and the Microchip logo are registered trademarks of Microchip Technology Incorporated in the U.S.A. and other countries. Switchtec is a trademark of Microchip Technology Inc. in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

I

ATLANTIC CITY, NJ - JULY 8: The roulette wheel spins at Caesars Atlantic City July 8, 2006 in Atlantic City, New Jersey. Caesars, along with Atlantic City's 11 other casinos reopend this morning after they were forced to close their gambling floors for the first time in their 28-year history due to the New Jersey state budget impasse. (Photo by William Thomas Cain/Getty Images)

Getty Images

We believe there are several things to fear in CZR stock given its bad operating performance and financial condition. Keeping in mind its high valuation, we think that the stock is Very Unattractive. Here is our multi-factor assessment.

CZR Stock Trefis AI Assessment

Trefis

This is a cautionary tale, but even if the stock were doing well, there is always a significant risk in relying on a single stock. However, there is a huge value to a broader diversified approach. If you seek an upside with less volatility than holding an individual stock, consider the High Quality Portfolio (HQ) - HQ has outperformed its benchmark - a combination of S&P 500, Russell, and S&P midcap index, and achieved returns exceeding 105% since its inception.

In addition, risk management is key to wealth protection and growth. Consider, what could long-term portfolio performance be if you blended 10% commodities, 10% gold, and 2% crypto with HQ's performance metrics.

Let's get into details of each of the assessed factors but before that, for quick background: With $4.6 Bil in market cap, Caesars Entertainment operates as a gaming and hospitality company managing 52 properties across 16 states with approximately 55,700 slot machines, video lottery terminals, and electronic tables.

[1] Valuation Looks High

CZR Stock Valuation

Trefis

This table highlights how CZR is valued vs broader market. For more details see: CZR Valuation Ratios

[2] Growth Is Inconsistent

Caesars Entertainment has seen its top line grow at an average rate of 3.2% over the last 3 yearsIts revenues have fallen -0.1% from $11 Bil to $11 Bil in the last 12 monthsAlso, its quarterly revenues grew 2.7% to $2.9 Bil in the most recent quarter from $2.8 Bil a year ago.CZR Revenue Growth

Trefis

This table highlights how CZR is growing vs broader market. For more details see: CZR Revenue Comparison

[3] Profitability Appears Weak

CZR last 12 month operating income was $2.2 Bil representing operating margin of 19.3%With cash flow margin of 10.7%, it generated nearly $1.2 Bil in operating cash flow over this periodFor the same period, CZR generated nearly $-195 Mil in net income, suggesting net margin of about -1.7%CZR Margin

Trefis

This table highlights how CZR profitability vs broader market. For more details see: CZR Operating Income Comparison

[4] Financial Stability Looks Very Weak

CZR Debt was $25 Bil at the end of the most recent quarter, while its current Market Cap is $4.6 Bil. This implies Debt-to-Equity Ratio of 549.4%CZR Cash (including cash equivalents) makes up $982 Mil of $32 Bil in total Assets. This yields a Cash-to-Assets Ratio of 3.0%CZR Balance Sheet Metrics

Trefis

[5] Downturn Resilience Is Very Weak

CZR has fared much worse than the S&P 500 index during various economic downturns. We assess this based on both (a) how much the stock fell and, (b) how quickly it recovered.

2022 Inflation Shock

CZR stock fell 73.0% from a high of $119.49 on 1 October 2021 to $32.26 on 30 September 2022 vs. a peak-to-trough decline of 25.4% for the S&P 500.The stock is yet to recover to its pre-Crisis highThe highest the stock has reached since then is $59.38 on 26 July 2023 , and currently trades at $21.86Inflation Shock

Trefis

2020 Covid Pandemic

CZR stock fell 89.8% from a high of $69.47 on 20 February 2020 to $7.10 on 18 March 2020 vs. a peak-to-trough decline of 33.9% for the S&P 500.However, the stock fully recovered to its pre-Crisis peak by 24 November 20202020 Covid Pandemic

Trefis

But the risk is not limited to major market crashes. Stocks fall even when markets are good - think events like earnings, business updates, outlook changes. Read CZR Dip Buyer Analyses to see how the stock has recovered from sharp dips in the past.

The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 - S&P 500, Russell, and S&P midcap. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.

XRP price is showing signs of resilience after a flash crash during the volatile weekend that shook the broader crypto market.

Summary

The price of XRP has rebounded to around $2.55 after a sharp drop to $1.25 triggered by a market-wide sell-off.
The token is now testing a key resistance level that has shaped its 2025 price moves, previously rejecting rallies and later supporting the climb to $3.60.
Sustained institutional demand, ETF progress, and improved market liquidity could help XRP break through resistance and extend its recovery.

XRP is trading at $2.55 at press time, up about 7% in the past 24 hours, according to market data from crypto.news. The day’s gains come as the token continues to recover after suffering a sharp drop during the recent market-wide sell-off, which saw its price tumble more than 40%, hitting a low of $1.25.

This was the first time XRP price fell below the $2 mark since June, marking one of its steepest intraday corrections this year. The rapid recovery suggests buyers quickly stepped in at key support levels, viewing the dip as an opportunity to reaccumulate.

Whale activity has also played a role in stabilizing prices. On-chain data shows that large holders have been actively buying during the downturn and moving significant amounts of Ripple (XRP) off exchanges, signalling confidence in the token’s recovery.

With momentum gradually returning, XRP’s ability to sustain gains above the $2.50 range will be crucial in determining whether the rebound can evolve into a more durable uptrend.

XRP price retests key resistance, what’s next?
XRP now trades near a key resistance level that has historically shaped its price moves. Between March and May, this area rejected advances three separate times, prompting 20% declines with each retest. 

The level’s importance was reinforced when XRP rallied past it in July, establishing the yearly high above $3.60. Since then, it has switched roles, repeatedly acting as a strong support for deeper corrections. With the token approaching this zone as resistance once again, market focus centers on whether it has enough momentum to break through.

XRP price chart | Source: TradingView
July’s rally to the $3.60 high was driven by several key factors, such as whale accumulation around $2, excitement around the SEC’s pending decision on an XRP spot ETF, and other on-chain developments. 

To clear resistance this time, XRP will likely need a similar combination of positive factors. Sustained institutional interest and progress on ETF approval could all help strengthen momentum, and fresh adoption across the ecosystem may provide an additional boost.

However, if XRP price fails to overcome the resistance zone decisively, the token could stall or reverse, possibly slipping back toward prior support levels below $2. The strength of rejection or breakthrough here may determine whether the rebound becomes a sustained recovery or just a temporary bounce.

The canine-themed meme coin unexpectedly minted a lot of millionaires.

Dogecoin (DOGE 11.54%), which started out as a meme-based parody of Bitcoin (BTC 3.38%), turned its earliest investors into millionaires. It launched in 2013 with a trading price of $0.00026, but it now trades at about $0.19 per token.

That's well below its all-time high of $0.74 from May 2021, but it would still have turned a $2,000 investment into almost $1.5 million in just 12 years. Let's see why this meme coin became a millionaire-maker token, and if could churn a fresh $2,000 investment into $1 million again.

Image source: Getty Images.

How is Dogecoin different from Bitcoin?
Dogecoin, like Bitcoin, is mined with the energy-intensive proof-of-work (PoW) validation mechanism. Its miners use powerful mining computers, which run on application-specific integrated circuits (ASICs), to earn its coins as rewards for solving cryptographic puzzles.

Dogecoin was created from the open-source code for Litecoin, another PoW token which was forked (split off) from Bitcoin's blockchain in 2011. Dogecoin and Litecoin are often mined together because both blockchains accept the same solutions.

Therefore, when a miner solves a cryptographic puzzle on Litecoin's PoW blockchain, the exact same hashing solution can be submitted to Dogecoin's blockchain to earn rewards in both coins. However, a miner can choose to mine the two coins separately.

Dogecoin differentiates itself from Bitcoin and Litecoin with Scrypt, a proprietary algorithm that lets it process its transactions at a faster and more power-efficient rate. Unlike Bitcoin and Litecoin -- which have capped supplies of 21 million and 84 million tokens, respectively -- Dogecoin doesn't have a maximum supply limit, and has 151 billion coins in circulation. Dogecoin's supporters believe that design will drive more people to use it for payments instead of hoarding it.

But as a PoW blockchain, Dogecoin can't support smart contracts, which are used to develop decentralized apps (dApps), non-fungible tokens (NFTs), and other crypto assets. By comparison, proof-of-stake (PoS) blockchains like Ethereum and Solana support smart contracts.

Why did Dogecoin soar?
Dogecoin can't be valued by scarcity like Bitcoin, and it can't be valued by its usefulness for developers like Ethereum or Solana. Yet some glowing endorsements from Elon Musk, Mark Cuban, Snoop Dogg, and other high-profile investors drove its price to an all-time high during the last bull market for crypto in 2020 to 2021.

In particular, Musk's random posts about Dogecoin on X (formerly Twitter), his decision to have Tesla accept Dogecoin payments for certain products (but not its cars), and the federal government's creation of the Department of Government Efficiency (DOGE) under the Trump administration all generated a lot of buzz for the cryptocurrency.

The bears might argue that Dogecoin's gains were mainly driven by social media buzz, a fear of missing out (FOMO), and the rising popularity of commission-free crypto trading apps instead of any fundamental strengths. That might be why Dogecoin stayed far below its peak during the past year as Bitcoin set fresh highs.

What catalysts are on the horizon?
The bulls believe three catalysts could drive Dogecoin's price higher. First, several crypto firms submitted applications for Dogecoin's first spot price exchange-traded funds (ETFs) to the Securities and Exchange Commission (SEC) this year. The potential approvals of those ETFs could draw in new retail and institutional investors.

REX-Osprey, a partnership between REX Shares and Osprey Funds, recently launched its Dogecoin-backed ETF on the Chicago Board Options Exchange (CBOE). It accomplished that by structuring it under the Investment Company Act of 1940 ("40 Act") which requires a shorter SEC approval process than the ETFs on bigger exchanges.

Second, Dogecoin could also gain more support from developers using a new Layer-2 (L2) solution built on Polygon's PoS blockchain. That expansion could make Dogecoin a more useful cryptocurrency for dApp developers. Lastly, CleanCore Solutions, a producer of ozone cleaning products, recently announced an ambitious plan to acquire 5% of Dogecoin's entire circulating supply for its own Dogecoin treasury. That ambitious move, which resembles Strategy's huge Bitcoin purchases, might drive more companies to accumulate Dogecoin in the future.

Could Dogecoin be a millionaire maker?
Although these catalysts might stabilize Dogecoin's price as lower interest rates drive more investors back to cryptocurrencies, it probably won't turn $2,000 into $1 million again. Such gain would boost Dogecoin's market cap from $29 billion to almost $15 trillion. Bitcoin, the world's top cryptocurrency, only has a market cap of $2.2 trillion.

Instead, investors should focus on more realistic targets. Its catalysts might drive it back to its all-time high -- which would be nearly quadruple its current price. If that happens, it might even rise to $1 and attract even more attention from big investors. So although I think Dogecoin has life-changing potential, I wouldn't call it a millionaire maker yet.

Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin, Ethereum, Solana, and Tesla. The Motley Fool recommends Polygon. The Motley Fool has a disclosure policy.

While the crypto market continues to recover from its recent meltdown, Binance Coin (BNB) is proving to be an exception. As major tokens saw steep losses, BNB stayed surprisingly strong, rising over 10% in a single day and reclaiming its spot as the third-largest cryptocurrency by market capitalization.

CZ Explains BNB’s StrengthBinance founder Changpeng Zhao (CZ) recently addressed the buzz surrounding BNB’s remarkable resilience. He credited its steady growth to the strength of the Binance ecosystem and community, saying that “strong performance always beats fear, uncertainty, and doubt.”

CZ dismissed rumors suggesting that Binance or its affiliates were manipulating BNB’s price. He clarified that neither he nor any Binance-linked entity had been buying or selling BNB during the market crash. Instead, the token’s deflationary design, where periodic burns reduce supply, and its active usage across the Binance network have helped maintain its value even during turbulent times.

BNB Surpasses XRP AgainBNB’s strong rebound has pushed it ahead of XRP, securing its position as the third-largest cryptocurrency. According to CoinGecko, BNB now boasts a market cap of around $179 billion, surpassing XRP’s $154 billion. This solid performance has reassured investors that BNB remains one of the more stable large-cap assets despite broader market weakness.

Adding to the discussion, the Kobeissi Letter noted that BNB’s rebound came shortly after the October 10th market liquidation, which wiped billions off the crypto market. The post suggested that much of this movement was driven by large “whale” traders who shorted the market ahead of the crash. It also mentioned that an apparent misunderstanding between China and the U.S. further fueled volatility, making the rebound even more surprising.

Backlash and Binance’s ResponseDespite BNB’s price success, Binance itself hasn’t escaped criticism. Some users reported being unable to exit trades or access accounts during the crash due to technical issues. In response, Binance pledged monetary compensation for affected users, especially those impacted by the depegging of WBETH, USDEe, and BNSOL tokens.

CZ’s Continued InfluenceThough CZ stepped down as Binance CEO last December following a plea deal with U.S. authorities, he remains the exchange’s largest shareholder and continues to shape its direction. Reports hint that he could soon receive a presidential pardon, sparking speculation about his potential return.

Through all the market chaos, BNB’s resilience stands out, a clear reminder that strong foundations, loyal communities, and clear leadership can still shine even in uncertain times.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Tiger Alpha shares rose 15% on Monday after the investment group announced it will launch a blockchain staking strategy on the Hyperliquid (HYPE) network, marking an expansion of its decentralised infrastructure portfolio.

The London-listed company said it has allocated £250,000 to the new initiative, with technical implementation expected to begin in the final quarter of 2025. Early results, including yield and participation data, will be reported in its year-end update.

Staking allows digital asset holders to lock tokens into a blockchain to help secure the network and earn rewards.

On Hyperliquid, a fully on-chain decentralised exchange, staking also supports liquidity and governance, enabling participants to share in transaction fees and yield generated by market activity.

Tiger Alpha described the move as a natural extension of its existing investments in decentralised computing, including its involvement in Bittensor, a blockchain network that supports artificial intelligence applications.

The company said the new strategy would “complement the Bittensor subnets” by providing exposure to decentralised liquidity protocols.

Expected annual returns from staking on Hyperliquid range between 2.3% and 4.5%, depending on the level of participation across the network.

Chief executive Jonathan Bixby said the initiative represented “a pivotal evolution in Tiger Alpha’s journey,” adding that it positioned the company “at the convergence of decentralised intelligence and liquidity.”

The shares rose 0.15p to 1.15p.

Mon, 13/10/2025 - 8:44

Ethereum's recovery already looking sharp, and performance of second-biggest asset on market only getting better

Cover image via U.Today

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

Following an intense week that rocked the cryptocurrency market, Ethereum (ETH) seems to be stabilizing, and some analysts are resuming their bullish outlook. Top market analyst Benjamin Cowen claims that Ethereum could reach $5,000 in a blink if it makes its next significant move. The second-largest cryptocurrency has recovered well from a steep decline that briefly drove it below the $3,900 support zone, and it is currently trading back around $4,200.

Long-term reversalAs ETH tapped its 200-day moving average (black line), which has historically functioned as a long-term accumulation zone, buyers jumped in forcefully, resulting in a quick recovery from last week's sell-off. The structure appears promising from a technical point of view. The RSI may be about to change momentum, as it has recovered from its mid-range level of 47.

The recent rebound volume spikes, meanwhile, point to rekindled institutional interest that may be waiting for Ethereum's next leg higher. Notwithstanding recent volatility, the 50-day (orange) and 100-day (blue) moving averages are still in a bullish configuration, maintaining the overall trend. According to Cowen, the correction was a normal aspect of Ethereum's consolidation stage prior to its subsequent growth. He claimed that ETH is just resetting, doing what it always does before breaking out.

HOT Stories

Rapid ETH flipIf market sentiment changes, the move to $5,000 might occur sooner than most people anticipate. Several key factors are supporting this outlook: Ethereum's network activity is still strong, stake participation is still increasing, and the adoption of layer-2 scaling is growing quickly.

These are all signs of strong underlying demand. In line with Cowen's blink prediction, ETH may retest its all-time high close to $4,900 if it is able to penetrate above the $4,400-$4,500 resistance zone. In other words, Ethereum's structural and fundamental health are still sound, despite the fact that short-term volatility continues. The path to $5,000 appears more likely now that momentum is picking up again, and it may happen sooner than anyone anticipated.

Related articles

Over the past day, the crypto market has been eyeing on ASTER’s dramatic comeback. After plunging to a low of $1.10, ASTER price staged a powerful rally, surging ~19% in 24 hours. The sentiment shift was noticeable across platforms like CoinGecko and CoinMarketCap. Successively, a delayed airdrop announcement helped ease panic selling. Thereby, ushering in a sharp recovery as ASTER’s market cap ballooned by 40% in a day to $3.12 billion.

ASTER Price AnalysisAfter breaking below its double-top neckline at $1.50 on October 10, the ASTER price quickly found its footing near the oversold $1.10 zone. The RSI’s journey out of oversold territory marked the beginning of a momentum shift, with a striking 28.91% spike in trading volume. Consequently, this confirmed that buyers were stepping back in with conviction. Bulls managed to reclaim the $1.50 handle, and the ongoing challenge is whether they can push through $1.60, now acting as immediate resistance.

A sustained close above $1.60 would be a strong green light, potentially opening the door for a run to $1.75. Contrarily, if ASTER fails to break through, support levels at $1.50 and $1.36 come into play. That being said, as social buzz intensifies and panic selling halts due to the postponed airdrop, ASTER may be positioning for a sustained uptrend.

FAQsWhy is the Aster price going up?

The recovery was primarily sparked by a delay in the airdrop, easing sell pressure, plus a sharp technical bounce from oversold levels and improving sentiment across crypto platforms.

What resistance and support levels are key for ASTER right now?

Immediate resistance is at $1.60, with a potential upside target of $1.75. Key supports are found at $1.50 and $1.36.

Is ASTER’s rally sustainable?

ASTER’s spike in trading volume and RSI breakout suggest strong short-term momentum, but confirmation comes only with sustained closes above $1.60 and broader market stability.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

The company suspended its X poll, and reaffirmed its commitment to Bitcoin ahead of its upcoming “Bitcoin Steakburger” launch. Meanwhile, Tom Lee’s BitMine capitalized on the market downturn sparked by Trump’s new China tariffs by buying $480 million worth of Ethereum. Despite its aggressive accumulation, BitMine’s stock fell more than 11% over the past 5 days. 

Steak ‘n Shake as Bitcoin Fans RevoltSteak ‘n Shake quickly reversed its plan to accept Ethereum (ETH) payments after backlash from the Bitcoin community. The fast-food chain gained popularity among Bitcoiners for its early embrace of BTC payments, and posted a poll on X asking its 468,800 followers whether it should start accepting Ethereum. 

The poll accumulated close to 49,000 votes before being suspended, and showed that 53% of respondents voted “Yes.” However, after receiving strong pushback from Bitcoin enthusiasts, the company deleted the poll and reaffirmed its loyalty to Bitcoin. “Poll suspended. Our allegiance is with Bitcoiners. You have spoken,” Steak ‘n Shake wrote on X.

Steak ‘n Shake began accepting Bitcoin as payment on May 16 across all locations where it is legally permitted, including the United States, France, Monaco, and Spain. The company reported a 15% year-over-year increase in same-store sales during the third quarter, and attributed part of that success to support from Bitcoin users who rallied behind the chain for its BTC-friendly stance.

But when Steak ‘n Shake floated the idea of expanding its payment options to include Ethereum, many Bitcoiners reacted quite harshly. “I promise, if you accept ETH, I will never eat at your restaurant again,” said Adam Simecka, builder of the Bitcoin self-custody wallet Manna. Others argued that even considering ETH was a betrayal. Bitcoin developer Carman and Bitcoin advocate “The Bitcoin Gal” both criticized the poll by saying it hurt the company’s reputation among Bitcoin loyalists.

Interestingly, Ethereum co-founder Vitalik Buterin stepped in to defend Steak ‘n Shake’s ultimate decision to stay Bitcoin-only. In a post on X, he suggested that crypto-adopting companies should commit to one blockchain community rather than trying to please everyone. “We need the stubborn ones who believe in their cause and their tribe and see their work as a labor of love to it,” Buterin said.

The controversy happened just as Steak ‘n Shake prepared to launch its “Bitcoin Steakburger” on Oct. 16 to celebrate its partnership with the Bitcoin community. While the poll may have backfired, the episode also shed some light on the very powerful cultural divide between Bitcoin maximalists and supporters of other cryptos.

Tom Lee’s BitMine Scoops Up ETHMeanwhile, Tom Lee’s BitMine recently took advantage of the latest crypto market sell-off to boost its Ethereum holdings. The company bought roughly $480 million worth of ETH after a sharp downturn triggered by US President Donald Trump’s announcement of 100% tariffs on Chinese exports.

According to on-chain data that was shared by Lookonchain, six wallets linked to BitMine withdrew a combined 128,718 ETH from FalconX and Kraken in the aftermath of the market turbulence. The move came as Ethereum’s price plunged from above $4,000 to as low as $3,504.32, one of its steepest short-term drops this quarter.

BitMine describes itself as the largest Ethereum treasury firm, and reaffirmed its long-term conviction in the asset by saying, “It’s easier for BitMine to achieve the ‘alchemy of 5%’ at $3,800 ETH than $10,000 ETH. PS: just fact.” The company has a target of owning 5% of Ethereum’s total supply, and its latest accumulation pushes it past the halfway mark toward that goal.

Data from StrategicETHReserve indicates BitMine now holds approximately 2.83 million ETH, which is worth around $10.76 billion. This is about 2.34% of the cryptocurrency’s total circulating supply. SharpLink Gaming follows as the second-largest corporate holder with 838,700 ETH.

Despite BitMine’s aggressive accumulation, its stock struggled over the past few weeks. Shares fell more than 11% on Friday, according to Google Finance. BitMine’s stock also dropped by 11+% over the past 5 days. This follows a report by Kerrisdale Capital, which disclosed a short position against BitMine and criticized its strategy as outdated. The short-seller argued that investors would be better off purchasing Ethereum directly rather than investing in companies that hold it on their balance sheets.

BitMine share price over the past 5 days (Source: Google Finance)

Kerrisdale previously targeted other crypto-focused firms like Riot Platforms and Michael Saylor’s Strategy, both of which dismissed its claims. Even with the latest drop, BitMine’s stock is still up more than 670% over the past six months.

Key NotesBNB price has recouped all of the losses following the 100% Trump tariff imposition on China last week.Binance founder Changpeng Zhao dismissed claims of price manipulation, stating that BNB has no external market makers.Binance announced a $283 million compensation package for users impacted by recent market volatility.
Binance Coin

BNB
$1 368

24h volatility:
16.0%

Market cap:
$190.01 B

Vol. 24h:
$10.98 B

, the native cryptocurrency of the BNB Chain, has seen the sharpest rebound in today’s crypto market recovery. BNB price has increased by 15% in the past 24 hours, reclaiming the crucial $1,300 level. Amid the recent attacks over liquidations during the crypto market crash on Oct. 10, Binance founder Changpeng Zhao (CZ) has come to defend the exchange.

BNB Price Jumps 15% Leading Crypto Market Recovery
Binance Coin (BNB) is outperforming the rest of the crypto market with 15% upside today, and is currently trading at $1,320, eyeing fresh all-time highs ahead. The altcoins’ daily trading volumes have also surged by 57% to $10.89 billion.

BNB price has fully recovered from the Trump tariff crash last week, with bulls highlighting a strong comeback.

$BNB has fully recovered from the tariffs crash and is now closing in on its all-time highs.

INSANE STRENGTH!

Keep building. pic.twitter.com/anUOFC7FuR

— Crypto Rover (@rovercrc) October 13, 2025

According to the CoinGlass data, the BNB futures open interest has also surged 28% to $2.48 billion, showing that traders are bullish about the future surge. Other crypto market experts have also lauded BNB’s strength.

$BNB Is an absolute machine.

Strong before the flush, and will likely be the first major that gets back to the highs afterwards.

No doubt a lot of the new capital is consolidating into some of these previous winners.

Be on the look out for coins that are strong during the… pic.twitter.com/AjXc9KRdxJ

— Daan Crypto Trades (@DaanCrypto) October 12, 2025

Changpeng Zhao Defends Crypto Exchange After Latest Attacks
Binance founder Changpeng Zhao (CZ) is now defending the crypto exchange after it faced major heat following the congestion of orders during last week’s crypto market liquidations. Many have also accused the exchange of its role in manipulating the crypto market and BNB price.

However, CZ has come in defence of the exchange, noting that, unlike many crypto projects that rely on external market makers to support token prices, BNB operates independently without such intervention.

“Many projects have a market maker. BNB doesn’t,” CZ wrote on X. He further clarified that none of his affiliated entities have bought or sold BNB in recent weeks, thus stressing that the BNB price movement is completely market-driven.

Binance was also quick to announce a $283 million compensation for affected users during the recent crypto market volatility.

“Some people ask why is BNB so strong? While others tried to ignore, hide, shift blame, or attack competitors, the key BNB Chain ecosystem players (Binance, Venus, and more) took hundreds of millions out of their own pockets to PROTECT USERS. Different value system,” added he.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

Binance to pay $283M compensation for market chaos as BNB reaches new $1.3k ATH Oluwapelumi Adejumo · 5 seconds ago · 2 min read

Amidst market upheaval, Binance's $283 million compensation bolsters BNB's remarkable recovery.

Oct. 13, 2025 at 10:03 am UTC

2 min read

Updated: Oct. 13, 2025 at 10:03 am UTC

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

BNB, the native token of Binance’s ecosystem, climbed to a record high of $1,355 following a turbulent weekend that saw $20 billion wiped from the broader crypto market.

Data from CryptoSlate showed that BNB surged 17% in 24 hours, outperforming other top-ten cryptocurrencies by market capitalization.

The rally came even amid President Donald Trump’s Oct. 10 tariffs on China triggered panic selling across risk assets, including digital currencies. Bitcoin has failed to offer similar strength, sitting $10,000 below its recent all-time high.

So, BNB’s strong price recovery reflected renewed confidence in Binance’s ecosystem despite the exchange’s recent operational issues.

Binance pays $283 million in compensationOver the weekend, Binance faced strong criticism for its platform’s handling of the extreme price swings that disrupted trading activity.

Many of the exchange users complained of flash crashes that drove several tokens to near-zero levels and frozen accounts that prevented them from closing or hedging their market positions.

These disruptions intensified frustration among traders, who argued that Binance’s dominant position in global trading volume meant it should have been more resilient to market turbulence.

In response, Binance announced it had distributed $283 million in compensation to users affected by severe price dislocations across several products, including USDE, BNSOL, and wBETH.

The exchange attributed the losses to intense volatility and temporary failures in its collateral and pricing modules.

Binance said it reimbursed affected users and pledged to extend redress for delays in transfers and redemptions.

Meanwhile, on-chain analysts speculated that the disruptions could have been triggered by a coordinated exploit targeting Binance’s unified margin system.

Martin Hiesboeck, Head of Research at Uphold, said the malfunction exposed a structural weakness: liquidation prices drew mainly from Binance’s own volatile spot feed instead of aggregated market data. As a result, collateral values fell faster, prompting forced liquidations that deepened the decline.

Hiesboeck noted that the exploit appeared timed between a scheduled software patch and its deployment, creating a vulnerability window that may have caused $500 million to $1 billion in cumulative losses.

He warned that the situation echoed systemic risk events such as Terra’s collapse and stressed that centralized risk models remain fragile during extreme volatility.

Binance defends systemHowever, Binance rejected the notion of a targeted exploit, emphasizing that its core spot and futures engines operated normally during the turmoil.

The company said its internal review showed forced liquidations made up only a minor share of trading volume, suggesting the broader market shock, not an internal error, drove the sell-off.

The exchange also clarified that brief price dips in tokens like IOTX and ATOM resulted from long-standing limit orders. It added that some user dashboards’ “low price” readings were display errors rather than executed trades.

Binance co-founder He Yi also called the circulating attack theories “FUD,” asserting that Binance’s matching engines and settlement systems “remained stable throughout the event.”

Mentioned in this article

U.K-listed Bitcoin treasury firm the Smarter Web Company has declared a recent Bitcoin purchase worth $12.1 million, raising its holdings to 2,650 BTC.

Summary

Smarter Web Company expanded its Bitcoin holdings by 100 BTC, investing £9.07 million ($12.1 million) as part of its long-term “the 10-year plan,” bringing its total reserves to 2,650 BTC valued at around $219.5 million.
While corporate Bitcoin treasuries have grown significantly in 2025, with 346 entities now holding 3.91 million BTC, the strategy’s novelty and market enthusiasm appear to be waning.

On Oct. 13, the London-based company announced that it has increased its crypto holdings by 100 BTC. According to the company’s press release, the company invested as much as £9,076,366 ($12.1 million) into adding more Bitcoin to its portfolio, signaling the firm’s continued commitment to what it dubs “the 10-year plan.”

With the Smarter Web Company’s latest purchase, its total holdings have reached 2,650 BTC or equal to $219.5 million based on current market prices. This marks a significant step in the company’s long-held plan to establish a BTC treasury massive enough within the next few years. According to Bitcoin Treasuries, Smarter Web Company is ranked in 30th place among the top 100 public BTC treasury companies, beating HIVE Digital and Exodus Movement.

According to the press release, the company has generated BTC (BTC) yield of up to 57,718% on a year-to-date basis. Meanwhile, it has achieved a BTC Yield of 0.58% on a quarter-to-date basis on its current holdings.

The Smarter Web Company has a BTC Yield of 57,718% on a year-to-date basis | Source: The Smarter Web Company
Shortly after the BTC purchase was made, the Smarter Web Company’s stock saw modest gains of about 0.63% on the market. Although the increase is comparatively smaller compared to past stock jumps after it conducted Bitcoin purchases, it was able to pull the company’s share back from its downward trend.

In the past few days, the Smarter Web Company’s stock has been on the decline. In the past month, the stock has fallen nearly 30% from its previous peak at £1.59. Even though the company has been regularly purchasing Bitcoin throughout September and October, with its previous BTC purchase taking place on October 7, when it bought 25 BTC.

As of October 13, the company holds a total of 2,650 BTC in its reserves; meanwhile, its share price is trading below £1. According to the company’s official website, Smarter Web Company has a market Net Asset Value of 1.21. This means that investors are paying £1.21 in stock value for every £1 of treasury value held in BTC and cash.

Are Bitcoin treasuries still all the rage?
Over the past few months, the hype surrounding BTC treasuries has started to die down. At the start of June 2025, there were at least 60 companies out of the 124 total that began doubling down on their BTC treasury strategies, owning a combined 673,897 BTC or 3.2% of the supply.

Since then, the number has multiplied to 346 entities that hold BTC worldwide. On Oct. 13, there are 3.91 million BTC held in corporate treasuries. This means that stockpiling Bitcoin is no longer a novel business strategy, considering hundreds of companies have started adopting BTC into their operations.

This change in investor appetite for Bitcoin accumulation is reflected in Smarter Web Company’s share price. At its peak in June 2025, the share price bounded as high as £5, but now each share is valued at less than £1. Even with the constant BTC purchases, the company still has not managed to bump up its stock price to levels previously seen mid-year.

An X account allegedly belonging to imprisoned fraudster and former Theranos CEO Elizabeth Holmes commented on Saturday about Bitcoin's (CRYPTO: BTC) recent price crash.

Why Is Holmes Posting About Bitcoin?Holmes’ rumored account shared a post, expressing confusion over the panic-driven selling of BTC following the “Black Friday” bloodbath.

“I really do not understand why everyone is selling BTC. I thought the whole point was to buy and HOLD,” the post read.

In a subsequent post, the user shared a famous “Game of Thrones” meme, urging investors to “HODL.”

‘Mostly My Words’However, the authenticity of the account and the post is under scrutiny. Holmes is currently serving an eleven-year prison sentence for fraud committed during her tenure at Theranos, a now-defunct blood testing company.  Federal prisons do not permit inmates to access social media, raising questions about the origin of the post.

Moreover, there is no credible public information to suggest that Elizabeth Holmes owned or invested in Bitcoin.

When asked how posts are going through while Holmes is in prison, the account replied, “Mostly my words posted by others.”

See Also: Bitcoin’s Flash Crash Over Weekend Prompts Analyst To Sound Warning on BTC ETFs: Continuous Liquidity Essential To ‘Prudent Risk Management’

The Curious Case Of Holmes’ X AccountAccording to The San Francisco Standard, the account became active earlier this year, with the first post in nearly a decade in August. It has been posting a variety of content, including quotes from Oprah Winfrey, updates on Holmes’ daily routine in prison and photos of her children.

Proto, a cryptocurrency news platform, did not dismiss the possibility that her account may have been hacked.

The disgraced biotech entrepreneur was sentenced to eleven years in prison in November 2022, following her conviction for defrauding investors during her time at Theranos. The company promised revolutionary blood-testing technology that was ultimately revealed to be nonexistent.

Read Next: 

Cryptocurrency Market Faces Renewed Pressure as Bitcoin, Ethereum Drop to Multi-Week Lows
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Image via Shutterstock/ Dan Henson

Market News and Data brought to you by Benzinga APIs

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

Hyperliquid’s founder has reignited the debate over exchange transparency, questioning Binance’s liquidation reporting practices.

Summary

Hyperliquid founder criticizes Binance for underreporting liquidation events, showing only one per second during volatile periods.
The criticism comes after a $19 billion wipeout led to the depeg of the exchange’s USDe, wBETH, and BnSOL.
Binance recently pledged up to $283 million in compensation for affected users.

Jeff Yan, the CEO and founder of Hyperliquid, has taken aim at Binance’s liquidation reporting practices, raising concerns about a lack of transparency in how centralized exchanges disclose critical trading data.

In a tweet on Oct. 13, Yan mentioned how Binance’s liquidation streams underreport actual events, particularly during periods of high volatility.

The critique stems from the exchange’s own documentation, which reveals that liquidation order streams only push the most recent liquidation order within a 1000-millisecond window. If no liquidation happens in that interval, no data is sent.

The Hyperliquid co-founder warned that this could result in severe underreporting, potentially by a factor of 100 when multiple liquidations occur simultaneously.

Hyperliquid’s fully onchain liquidations cannot be compared with underreported CEX liquidations

Hyperliquid is a blockchain where every order, trade, and liquidation happens onchain. Anyone can permissionlessly verify the chain’s execution, including all liquidations and their… pic.twitter.com/K5sv74LJgO

— jeff.hl (@chameleon_jeff) October 13, 2025

Yan emphasized that such practices contrast sharply with Hyperliquid’s model. Built as a fully on-chain decentralized exchange (DEX), Hyperliquid logs every trade, order, and liquidation on-chain in real-time. This setup, he argues, ensures transparency, neutrality, and user trust.

“Anyone can permissionlessly verify the chain’s execution,” he said, suggesting this is the ideal framework for a global financial infrastructure.

Binance, Hyperliquid hit as volatile weekend causes huge crypto liquidation
The timing of Yan’s statement comes after the crypto market experienced a huge liquidation over the weekend. On Oct. 10-11, a sharp sell-off triggered by renewed U.S.-China trade tensions sent Bitcoin plummeting below $110,000. Over $19 billion in long and short positions were liquidated, with Hyperliquid alone seeing over $1.23 billion wiped out.

The downturn exposed vulnerabilities across exchanges, especially CEXs. Binance, already under pressure, faced additional criticism over a depeg event that sent assets like USDe, wBETH, and BnSOL dropping to $0.65, $0.20, $0.13, respectively.

Many users including market makers and arbitrageurs reported substantial losses as the exchange’s system degradation stopped them from accessing primary markets and executing hedges.

Amid the reports that Binance’s limited reporting masked the true scale of the liquidation cascade, other industry findings allege that the crash may have been an orchestrated exploit.

Meanwhile, the exchange has since announced a $283 million compensation plan for verified users and acknowledged the reporting flaws, promising future risk-management recalibrations.

Bitcoin Core developers have released version 30.0, introducing several architectural and performance improvements to enhance network security and node efficiency. The latest update also brings a significant change to the OP_RETURN data limit — one that has drawn both praise and criticism from the Bitcoin community.

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

Quick Facts:

1️⃣ Dogecoin rebounded strongly after Trump’s tariff announcement, holding above its key long-term support line.

2️⃣ Grok’s Dogecoin price prediction projects a potential 500% upside, targeting around $1.30.

3️⃣ Maxi Doge ($MAXI) is neatly positioned as the top meme coin to ride Dogecoin’s next rally.

Although Dogecoin plummeted nearly 60% on Friday after Donald Trump rocked crypto’s boat by announcing a new 100% tariff on China, the token was quick to snap back and regain much of the losses, closing the day down just 22%.

Most importantly, the daily candle closed above the upward-sloping trend line that has been supporting the token since August of last year. Most recently, this same support line sparked a 100% rally in June-July 2025.

Now that $DOGE has completed its support test this weekend, we decided to call in the big guns of AI to dig deep for this Dogecoin price prediction.

Grok’s Dogecoin Price Prediction Points to a Massive 500% Upside
For our analysis, we turned to Grok, one of the most powerful AI chatbots with real-time access to X, encompassing everything from real-time market updates to analyst remarks and online sentiment.

Grok zoomed out on the charts and pointed to a neat breakout from a descending triangle.

As you can see, $DOGE broke out of this consolidation zone in early September, and it was quick to retest the resistance line it had broken – precisely what we’d want to see after such a critical breakout.

While Friday’s dump shook things up a bit, the token is now once again challenging the upper resistance line of the triangle pattern.

As for a potential target, Grok measured the width of this triangle pattern and mapped it onto the expected breakout level of around $0.22.

This gives us a potential target of around $1.30 – a massive 500% upside from current price levels. That said, the AI cautioned that $DOGE will have to grapple with its all-time high of $0.79 on its way upward to this target.

Although Dogecoin’s 500% potential upside is nothing to sniff at, OG crypto investors know that’s just peanuts compared to what Dogecoin truly can – and has – delivered in the past.

For instance, in 2017, when the token first rose to fame, it skyrocketed by an eye-popping 10,000% in just over a month.
Then, in 2021, it backed that performance by delivering another 30,000% rally in a similarly short span of time.

Here’s the kicker now: although Dogecoin’s maturity over the years has slashed the percentage gains on offer, it’s still the meme coin king. This means a Dogecoin rally could very well ignite a broader meme coin boom.

And Maxi Doge ($MAXI) is arguably the best crypto to buy now if you want to fully capitalize on Dogecoin’s momentum. ‎

Maxi Doge Vies for Top Dog Status
What is Maxi Doge, you ask? Well, don’t mistake it for another overly ambitious new cryptocurrency project trying to associate itself with Dogecoin in hopes of outsized returns.

Dogecoin’s distant cousin, Maxi Doge, is a breed apart.

While Dogecoin hogged the limelight at every family gathering, Maxi sulked in a corner and dreamed up his revenge.

He then took to the gym and channeled that envy to become the ultimate Doge nemesis — and now stands as a potential 1000x crypto opportunity for savvy investors.

$MAXI’s Master Plan Is to Go Viral
Of course, Maxi Doge’s mission to overthrow Dogecoin as the best meme coin on the planet is an uphill task.

But Maxi has already taken the first steps toward this ambitious goal by crafting the perfect tokenomics. The developers have reserved a massive 40% of the total token supply for marketing.

This allocation will fund high-ticket influencer collaborations, social media campaigns, and PR initiatives designed to promote $MAXI across the cryptocurrency landscape, enhancing both its visibility and hype.

Additionally, $MAXI aims to create a thriving community. To achieve this, it’s offering exclusive holder-only trading events that will take place weekly, along with leaderboard rewards to engage and reward loyal investors.

What’s more, the token doesn’t want to limit itself to CEX and DEX listings.

It also plans to launch on futures platforms, further increasing its usability, particularly among meme coin traders who will be able to use $MAXI for high-leverage trading.

Why You Shouldn’t Delay Your $MAXI Purchase
Maxi Doge ($MAXI) is currently in presale, having already raised over $3.56M from early investors. Today, 1 $MAXI is available for just $0.0002625.

Most importantly, institutional players are backing Maxi Doge to become the next crypto to explode.

For instance, just this Saturday, two whales scooped up a total of $627K worth of $MAXI ($314K & $313K), so there’s no shortage of investor confidence in the project.

⭐ Need help with the purchase process? Here’s our step-by-step guide on how to buy $MAXI.

According to our Maxi Doge price prediction, the token could soar to $0.0024 by the end of 2025, delivering a chunky 814% return.

Furthermore, if you exercise a little patience and hold on to Maxi Doge longer, it could generate over 2,100% ROI by the end of 2026, with the token projected to hit $0.0058.

These life-changing gains could be yours only if you grab your $MAXI tokens now – while it’s still in presale and available at some of its lowest-ever prices.

Back the new ‘Doge’ on the blockchain – buy $MAXI today.

Disclaimer: Kindly do your own research before investing in crypto. The market is highly unpredictable, and the above information is not financial advice.

Authored by Krishi Chowdhary, Bitcoinist – https://bitcoinist.com/grok-dogecoin-price-prediction-after-market-crash-as-maxi-doge-raises-3.5m

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.

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

Bitcoin Core version 30.0 is now available, marking the project’s first major release since v29 and closing the book on legacy branches 27.x and older, which are now designated “End of Life.” The maintainers’ release notes state plainly: “With the release of this new major version, versions 27.x and older are at ‘End of Life’ and will no longer receive updates.” The new binaries and full notes are live on the project site, with the team also posting a brief launch confirmation on X.

Bitcoin Core V30 Is Here
The most disputed change in v30 is a policy update around OP_RETURN—the script path used for provably unspendable outputs that can carry arbitrary data. Bitcoin Core has raised the default -datacarriersize limit to 100,000 bytes and now permits multiple data-carrier (OP_RETURN) outputs in a single transaction for relay and mining. Crucially, node operators can still restore the previous behavior: “It can be overridden with -datacarriersize=83 to revert to the limit enforced in previous versions.” The aggregate size limit applies across all OP_RETURN outputs in a transaction.

That default increase—functionally “uncapping” data carrier size because the transaction-size ceiling will be encountered first—has kicked off a broader argument about what kinds of activity Bitcoin’s policy layer should favor or discourage. Developers and node operators who back the change frame it as neutral plumbing that preserves operator choice; critics warn it invites more non-monetary inscriptions and potential spam, raising storage and validation burdens for the average node.

Beyond OP_RETURN, v30 delivers a long list of network, wallet, and tooling updates. The P2P layer improves package relay so that common topologies like grandparent-parent-child or multi-parent-one-child can propagate more reliably when only one ancestor needs fee bumping. The transaction orphanage introduces stronger DoS limits based on total entries and weight across peers, replacing the now-retired -maxorphantx knob.

Miners gain an experimental IPC mining interface accessible through a new umbrella bitcoin command that also provides convenience aliases—“bitcoin node,” “bitcoin gui,” and “bitcoin rpc”—without deprecating existing binaries. External signing on Windows is re-enabled, and the coinstats index has been reworked to avoid an overflow bug seen on default Signet, requiring a one-time resync of that index.

Fee-policy defaults also shift. The minimum block feerate setting (-blockmintxfee) now defaults to 0.001 sat/vB, while both the minimum relay and incremental relay feerates default to 0.1 sat/vB. The notes stress that unless these lower defaults are broadly adopted, propagation and confirmation are not guaranteed; wallet feerates themselves are unchanged without explicit configuration.

The OP_RETURN policy change has quickly spilled beyond developer channels into Bitcoin’s public discourse, with long-time contributors and publication editors lining up on both sides. While Bitcoin Core 30.0’s larger data-carrier default and allowance for multiple OP_RETURN outputs are viewed by proponents as policy neutral and adjustable at the node level; detractors see a vector for abuse that blurs the network’s monetary focus which could even spark a hard fork.

At press time, BTC traded at $114,455.

Bitcoin uptrend remains in tact, 1-day chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, 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.

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

ZEC recovered to $286. Signs of accumulation are boosting ZEC, coming from both whales and retail, as more coins are withdrawn into the Zashi wallet.

Steak ‘n Shake has scrapped plans to accept Ether payments after a backlash from Bitcoin supporters.

Perpetual decentralized exchange Aster has confirmed plans to transfer 4% of the overall ASTER supply from the airdrop reserve to its treasury contract. The move comes as the DEX prepares for the upcoming stage 2 airdrop claim. The post clarified that these transactions will happen on-chain to guarantee transparency.

The coming week in crypto will bring a positive development in the case of Ethereum's Fusaka upgrade being applied to the Sepolia testnet.

Coinbase Premium soared to a 19-month high, signaling aggressive U.S. institutional Bitcoin accumulation during market panic.Korea Premium surged to its highest since February 2025, showing strong Korean retail demand despite global sell-offs.Historically, simultaneous spikes in both premiums preceded market downturns, hinting at possible short-term volatility ahead.Two popular indicators used to measure investor demand in the US and Asia — the Coinbase Premium and Kimchi Premium — have spiked sharply recently. This surge occurred while overall market sentiment remained gripped by panic and heavy sell-offs.

What does this mean, and what scenarios could it suggest for the future? Below is a detailed analysis based on historical data and expert commentary.

Sponsored

Two Premium Indices Hit Record HighThe Coinbase Premium measures the percentage difference between the Coinbase Pro price (USD pair) and the Binance price (USDT pair). A high premium indicates intense buying pressure from US investors on Coinbase.

According to CryptoQuant data, this indicator increased to 0.18 on October 10, its highest level since March 2024. It has since decreased to 0.09, which is still the highest since June.

Coinbase Premium Index. Source: CryptoQuant.Analysts noted that despite the market’s “Black Friday”-like panic sell-off, Bitcoin’s Coinbase Premium hit a 19-month high during the crash, signaling major institutional accumulation.

“This is a textbook example of institutional ‘dip-buying’ on a massive scale. While the global market was selling, these large entities leveraged the market panic and resulting liquidity to accumulate Bitcoin at lower prices,” analyst CryptoOnchain said.

CryptoOnchain added that the strong accumulation around $110,000 suggests the formation of a solid support zone. These institutions may step in with further buy orders if the price declines.

Sponsored

If Coinbase Premium represents institutional buying pressure in the US, then the Kimchi Premium (also known as the Korea Premium) reflects retail investor sentiment in South Korea.

This indicator measures the price gap between South Korean exchanges and global exchanges. A high premium means Korean retail investors are showing strong buying interest.

CryptoQuant data also showed that this indicator climbed to its highest since February 2025.

Bitcoin Korea Premium Index. Source: CryptoQuant.Sponsored

“The Korea Kimchi premium is exploding. Bitcoin on Bithumb is trading 7.47% higher than on Binance. Insane,” Brian HoonJong Paik, Co-founder and CEO of SmashFi, said.

Although the Crypto Fear & Greed Index shifted abruptly from greed to fear during the second week of October, this wave of fear appears to create opportunities for some investors to build stronger positions.

Will This Time Be Different?While the bullish arguments seem reasonable, past patterns suggest a potential warning sign for the market.

Zooming out and smoothing both indicators using the 30-day simple moving average (SMA30) reveals a clear pattern.

Sponsored

Historically, when the Coinbase Premium and Korea Premium spiked together, the market tended to decline soon after — as seen in March 2024 and February 2025.

This pattern also shows how long the market might take to recover. In the previous two instances, after both indicators surged, the market took three to six months to rebound.

Some analysts believe the market will remain stable, while others are skeptical, suggesting that new investors might hesitate after witnessing recent volatility.

Regardless, the path to recovery will depend heavily on the next moves by the leaders of major global economies, developments that investors are closely monitoring.

Disclaimer

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

Key NotesRobert Kiyosaki praises Trump’s move to allow crypto and alternative assets in 401(k) plans.He says the decision will make Americans more financially secure long-term.Kiyosaki plans to increase his holdings in Bitcoin, Ethereum, gold, silver, oil, and real estate.
.
Best-selling author and financial educator Robert Kiyosaki has displayed strong support for Donald Trump’s decision to include crypto and other alternative assets in 401(k) retirement plans. He said the move would help people become more financially secure in the long run.

In a recent post on X, the millionaire said he admires Trump for standing up against the financial elites, who he claims have exploited the working class through conventional 401(k) plans.

I LOVE TRUMP: We wrote two books together for many reasons. One of those reasons is because the rich investment bankers who control the stock and bond markets are screwing the working class via the workers 401-Ks.

Even Warren Buffet has been admitting Baby-boomers are…

— Robert Kiyosaki (@theRealKiyosaki) October 13, 2025

He added that traditional investment vehicles no longer protect workers from inflation or market instability.

Trump’s Crypto-Friendly Approach
Since returning to the office, Trump has positioned himself as a strong ally of the crypto industry, launching his own “meme coin” and appointing crypto-friendly regulators. His administration also dissolved a Justice Department enforcement unit focused on digital asset regulation.

In August, President Donald Trump signed an executive order to create frameworks allowing 401(k) administrators to offer investments in alternative assets, including crypto.

Kiyosaki noted that this will help both employees and entrepreneurs build real wealth. He explained that the initiative allows more people, especially those outside Wall Street’s influence, to diversify their portfolios and prepare for a changing global economy.

As a result, Kiyosaki plans to keep increasing his investments in Bitcoin

BTC
$115 333

24h volatility:
3.2%

Market cap:
$2.30 T

Vol. 24h:
$93.06 B

, Ethereum

ETH
$4 176

24h volatility:
9.0%

Market cap:
$504.53 B

Vol. 24h:
$56.55 B

, gold, silver, oil, cattle, and real estate.

Kiyosaki’s Investment Strategy Against ‘Fake Money’
With the US dollar dropping nearly 10% against other major currencies in 2025, confidence in traditional monetary systems continues to drop.

Kiyosaki has long been an advocate for Bitcoin and Ethereum as long-term hedges against what he calls “fake money” and weakening fiat currencies. He aims to accumulate 100 BTC by year-end, predicting the largest cryptocurrency to reach $1 million by 2035.

Last week, the 78-year-old stated that the traditional 60/40 portfolio model, 60% stocks, 40% bonds, “died decades ago.” He argued that alternative assets like crypto and precious metals are now the key to real financial independence.

Meanwhile, the broader crypto market has surged 78% in the past year, reaching a market cap of $3.9 trillion at the time of writing. Many analysts believe that this is a good time to enter the market, especially for investors looking for the best crypto to buy in uncertain times.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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Following a sharp sell-off triggered by trade tensions, the crypto prices today are attempting to recover, led by Mantle and Bittensor.

Summary

The total crypto market cap fell from $4.14T on Oct. 10 to $3.65T by Oct. 12, but has since rebounded to $3.92T, led by BTC recovering to over $116,000.
MNT and TAO are leading today’s recovery, surging 30% in 24 hours as buyers seized dip-buying opportunities created by the crypto market sell-off amid trade tensions.

After dropping roughly 12% from $4.14T on October 10 to $3.65T on Oct. 12 amid trade tensions sparked by Donald Trump’s announcement of 100% tariffs on China, the crypto market has rebounded to $3.92T at press time.

Bitcoin (BTC), which tumbled over 16% from $122,750 to $102,800, has rebounded to over $116,000 at press time, finding local support around $110,000.

Meanwhile, Ethereum (ETH), which lost over 22% from its Oct. 10 open of $4,370 to $3,400, is now trading at $4,242, with new local support established around $3,700.

However, stealing the spotlight today are Mantle (MNT) and Bittensor (TAO), with both crypto prices up roughly 30% over the past 24 hours, as buyers capitalize on dip opportunities amid market tensions.

MNT price technical analysis
Trade tensions dragged MNT’s price down from around the $2.30-$2.40 level, where it was trading on Oct. 10, to a low near $1.20. The sharp sell-off briefly broke below the ascending trendline of the prevailing uptrend, but strong buying interest at that level quickly pushed the price back above $2.

Despite the intraday dip to $1.20 on Oct. 10, MNT price managed to close the day above the long-term ascending trendline, indicating that the uptrend remains structurally intact. This level also aligns closely with the 0.618 Fibonacci retracement level (~$1.50), providing a strong confluence of technical support.

Local support is now established around the $1.90–$2.00 zone, which coincides with the 20-day SMA and the 0.382 Fibonacci retracement level. On the upside, immediate resistance lies at $2.50, followed by the $2.70–$2.90 range, which marks the recent swing high and a key breakout area to watch.

Source: TradingView
TAO price technical analysis
TAO price crashed even harder on Oct. 10, reaching an intraday low of $140, which marked a 60% decline from the day’s open at $347 and an intraday volatility of 75%.

However, Bittensor price managed to reclaim horizontal support around $290 by the day’s close. After bouncing from this level, the price surged to nearly test the descending trendline resistance near $430. TAO is currently trading at $420, edging closer to that resistance.

A daily close above the trendline with follow-through could pave the way to $460, the next resistance based on a previous trendline touch, and potentially $490, where the trendline began at the top of the April-May rally.

Source: TradingView