Market Signal Briefing

On Tuesday morning, The Monad Foundation opened a MON token airdrop claims portal using the popular web3 wallet for authentication.

Journalist

Posted: October 14, 2025

Key Takeaways
How severe was Bitcoin’s latest drop?
Despite the sell-off, 90% of the BTC supply remained in profit, showing limited panic or forced exits.

What triggered the correction?
Excess leverage caused $132 million in short liquidations, but long-term holders stayed composed, keeping BTC’s base stable.

Bitcoin’s [BTC] latest sell-off looked steep, yet it did not mirror the panic collapses seen in 2022’s Luna or FTX crashes. The evidence points to a leverage reset, not a crisis of confidence.

Over 90% of BTC’s supply is still in profit
Glassnode’s data showed that over 90% of Bitcoin’s circulating supply remained in profit despite the recent decline. That divergence indicated most realized losses came from overexposed traders and top buyers, rather than long-term holders.

That is a critical distinction, as it suggests that the correction was structural rather than emotional.

Source: Glassnode

No sign of 2022-style capitulation
During the Luna and FTX collapses, the Percent Supply in Profit metric fell below 65%, marking panic-driven capitulation phases. Those were textbook capitulations — moments when everyone rushed for the exits.

This time, the setup was completely different.

The recent decline wasn’t fueled by fear or spot holders selling under pressure. Instead, it stemmed from excessive leverage in the derivatives market, which eventually had to unwind.

As the market moved against overexposed traders, their forced liquidations triggered a rapid, mechanical chain reaction – sharp and sudden, but not emotionally driven.

Source: X

Leverage unwound, not confidence
CryptoQuant’s Short Liquidations data revealed that around $132 million worth of shorts were liquidated near the $112,000 price zone. That cascade wiped out over-leveraged traders and dragged prices lower, but it also helped reset the market structure.

The short-squeeze was a clear sign that the market flushed out excess leverage and set a cleaner base for the next phase.

Source: CryptoQuant

Bitcoin long-term holders stayed composed
In past capitulations, long-term wallets sent BTC to exchanges — a classic panic signal.

This time, the Long-Term Holder Supply stayed steady, while the Short-Term Holder Supply rose, showing newer traders led the selling.

That is a sign of growing maturity in the market. Long-term investors did not flinch, and that steadiness helps prevent deeper collapses.

Source: CryptoQuant

Bitcoin’s valuation remains balanced
At press time, Bitcoin’s MVRV Z-Score sat at 2.15, suggesting that BTC was neither overvalued nor deeply discounted.

Historically, readings below 1.0 signal major bottoms, while above 6.0 mark euphoric tops.

Source: CoinGlass

Taken together, the data show this correction was a healthy reset. Leverage unwound, conviction stayed strong, and Bitcoin’s structure looks ready for the next accumulation cycle.

The US Department of Justice has filed a civil forfeiture complaint against approximately 127,271 bitcoin — valued at more than $14 billion — allegedly linked to an international fraud and money laundering network.

Federal prosecutors said the bitcoin, described as “proceeds and instrumentalities” of criminal schemes, was seized from unhosted wallets controlled by Chen Zhi, founder and chairman of the Cambodia-based Prince Holding Group. The funds are now in U.S. custody, per a press release.

The action marks the largest cryptocurrency forfeiture in the department’s history, the DOJ said. 

An accompanying indictment unsealed in the Eastern District of New York charges Chen, also known as “Vincent,” with wire fraud conspiracy and money laundering conspiracy. According to prosecutors, Prince Group operated forced-labor compounds across Cambodia where individuals were coerced into running “pig butchering” scams, or fraudulent operations that defrauded victims in the U.S. and abroad of billions of dollars. 

Chen remains at large, US officials said. The FBI’s New York Joint Asian Criminal Enterprise Task Force and the Bureau’s Virtual Asset Unit participated in the investigation.

“As alleged, the defendant directed one of the largest investment fraud operations in history, fueling an illicit industry that is reaching epidemic proportions,” United States Joseph Attorney Nocella said in a statement.

Investigators allege that Chen and his associates laundered criminal proceeds through luxury purchases and high-value assets, including yachts, private jets, rare collectibles, and a Picasso painting acquired via a New York auction house. 

If convicted, Chen faces up to 40 years in prison.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Michael McSweeney before publication.

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TagsBTCDOJfraud

Jerome Powell’s update to shake markets up? Whales brace themselves for a dip, but there’s a twist.

Market Sentiment:

Bullish

Bearish

Neutral

Published:
October 14, 2025 │ 2:09 PM GMT

Created by Gabor Kovacs from DailyCoin

Blockchain intelligence company LookOnChain just reported a fresh wave of bearish allocations on several major-cap altcoins, as well as Bitcoin (BTC). In further detail, the three crypto whales in question have made humongous profits during the previous bear cycles.

Highly-Profitable Bear Goes Hard On XRP & ETHWith the most profitable out of the three whipping up $160 million gains from Bitcoin (BTC) & Ethereum (ETH) shorts on last weekend’s crash, two other heavyweight-class crypto players took inspiration, placing cross shorts on Dogecoin (DOGE), Pepe Token (PEPE), Ripple (XRP) Ethereum (ETH), Aster coin (ASTER) & Solana (SOL).

In the first instance, the crypto whale put a brave XRP coin short play with 20x leverage, and is already $263K down in unrealized profits, despite XRP’s price moving just 4 cents above the entry value. An identical play on Ether (ETH) is also down $157K, despite Ethereum’s price dropping back below $4K on Tuesday morning.

Divisive Market Instability Ahead Of FED SpeechHowever, this short-selling crypto whale is up $3 million in unrealized daily profits, as the other three short-selling plays with significantly smaller leverage seem to go their way. With Dogecoin (DOGE), Pepe Token (PEPE) & Aster coin (ASTER) all sharing 3-5x multiplied leverage, the whale expects these altcoins to dip further down.

Due to current market instability, the set of these 5 leveraged short-selling plays on XRP, ETH, PEPE, DOGE & ASTER could go both ways. The overall market sentiment shifted from last week’s greed to fear today, tumbling from 70 to 38 in a matter of days. However, Solana (SOL) might have exceeded expectations of some bears.

The third crypto whale in question poses a different example, with the 20x leveraged Solana (SOL) price play falling short with $1 million in unrealized losses. Ultimately, crypto market watchers are expecting a further dip during the FED Chair Jerome Powell’s speech today.

This assumption might encourage more crypto whales to book profit before the Fed Chair drops knowledge on the economic situation later on today, even though a mention of a Fed rate cut is still plausible.

On The Flipside
Since last Friday, most altcoins trashed their previous resistance thresholds, including XRP below $2.5 & Dogecoin below $0.20.
For some analysts, this serves a favorable entry point as most major-caps are already 25-35% down in monthly terms.
Why This MattersLeveraged trading is at an all-time high, racking up billions in trading volumes daily. However, the adoption of leverage on the crypto markets magnifies liquidation risks due to exposure to potentially larger gains.

Stay in the loop with DailyCoin’s popular crypto news:
Beijing Bank China Renaissance Eyes $600M BNB Treasury
Dogecoin Founder Slams ‘Uptober’ Talks; DOGE Dips 29%

People Also Ask:What caused whales to short XRP, PEPE Token & Dogecoin?

The move likely stems from anticipation of the Powell speech, as investors adjust positions based on expected monetary policy shifts.

Why are whales targeting these specific cryptocurrencies?

XRP, PEPE & Dogecoin may be seen as volatile or speculative, making them prime targets for shorting ahead of major economic announcements.

What is the Powell speech?

It refers to a speech by a key financial figure, likely Jerome Powell, Chair of the Federal Reserve, which can influence crypto markets.

How might this affect the average crypto investor?

Shorting by crypto currency whales could lead to price drops, creating risks or buying opportunities for smaller investors.

What should investors do in response?

Stay informed with DailyCoin, monitor market trends, and consider consulting a financial advisor before making moves.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

17h05 ▪
5
min read ▪ by
Ifeoluwa O.

Summarize this article with:

Canary Capital is moving closer to securing regulatory approval for its cryptocurrency investment products. On Friday, the firm filed an updated registration document with the U.S. Securities and Exchange Commission (SEC) for its proposed Canary XRP exchange-traded fund (ETF). The submission, titled Pre-Effective Amendment No. 2 to the Form S-1 Registration Statement, represents another step forward in the ongoing review process that could lead to final market approval.

In Brief

Canary Capital has filed an updated registration with the SEC for its proposed Canary XRP ETF, signaling continued progress toward potential approval.
Analysts believe XRP could see a major price breakout toward double digits once the SEC grants ETF approval.
Canary Capital has also advanced its Solana ETF, the Canary Marinade SOL ETF, which offers a 0.50% expense ratio.

Key Updates in the Amended XRP ETF Filing
According to the filing, the Canary XRP ETF will trade on the Cboe BXZ Exchange using the ticker symbol XRPC. The fund’s main goal is to track the market value of XRP held by the trust, minus any operating expenses or related liabilities. Essentially, it aims to mirror XRP’s price performance through a traditional investment format.

The ETF’s valuation will rely on a pricing reference designed by CoinDesk Indices, which acts as the benchmark provider. This index applies a 60-minute time-weighted average price based on the XRP-USD CCIXber Reference Rate, using transaction data drawn from several leading XRP trading platforms. The approach helps establish a fair and consistent benchmark for the trust’s XRP holdings by smoothing out price volatility and avoiding the influence of short-term price spikes.

Through this structure, investors can gain exposure to XRP without directly holding the cryptocurrency. Buying and selling shares of the ETF through a standard brokerage account removes many of the complexities and risks tied to self-custody, such as private key management and digital wallet security.

To safeguard its digital assets, Canary has partnered with Gemini Trust Company and BitGo Trust Company as custodians. These firms are responsible for securely storing the trust’s XRP and ensuring its protection. The updated document also confirms a reduced sponsor fee of 0.50%, reflecting a lower cost for investors compared to earlier drafts of the filing.

Canary Capital Updates Solana ETF Filing
Alongside progress on its XRP product, Canary Capital has also filed a new amendment for its Canary Marinade SOL ETF, which centers on Solana. The filing notes that the ETF carries a 0.50% expense ratio and will allow investors to receive the full staking rewards generated from Solana’s network, with no portion retained by the sponsor. This structure could make the product more attractive to those looking for both Solana exposure and additional returns through staking.

ETF analyst Eric Balchunas noted that Canary has filed Amendment No. 6 for the Solana ETF, a signal that the fund may be approaching its final approval phase. 

XRP and Solana See Shifts in Funds Inflows
While anticipation continues to build around both the XRP and Solana ETFs, recent investment inflows into these digital assets have eased. CoinShares’ weekly report on digital asset fund flows, released on October 13, shows that:

Solana saw inflows of approximately $93.3 million last week, reflecting continued investor interest.
XRP recorded around $61.6 million in inflows over the same period, showing steady engagement in the market.
Despite the significant amounts, the report notes that inflows have slowed, suggesting some investors are waiting for the SEC to finalize ETF approvals before committing additional capital.

Financial analyst Zach Rector believes that ETF authorization could provide a major price boost for XRP once the SEC completes its review. He indicated that “after this government shutdown ends the XRP ETFs are going live. We will be well on our way to double digits.”

At the time of writing, XRP was at $2.52, down 2% over the past 24 hours, while Solana was at $203, up about 3% during the same period.

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Ifeoluwa O.

Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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.

Bulls might need more time to accumulate energy for a continued upward move, according to CoinStats.

Top coins by CoinStatsDOGE/USDThe rate of DOGE has fallen by 4.48% over the past day.

Image by TradingViewOn the hourly chart, the price of DOGE is near the local support of $0.1948. If a bounce back does not occur until the end of the day, traders may witness a level breakout, followed by a test of the $0.19 mark.

Image by TradingViewOn the longer time frame, a further correction remains the most likely scenario. The volume is low, which means traders are unlikely to see sharp moves anytime soon. 

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In this regard, there is a high possibility of seeing a decline to the $0.18 range.

Image by TradingViewFrom the midterm point of view, the rate of DOGE is far from key support and resistance levels. In this case, one should focus on the interim zone of $0.19. If the weekly bar closes below that mark, the drop may continue to the $0.15-$0.17 zone.

DOGE is trading at $0.1954 at press time.

8 minutes ago

Bitcoin dropped back toward its lowest levels in several weeks after a rebound fizzled at $116,000, while an infamous whale stayed short BTC.

128

Key points:

Bitcoin gives up on its bull-market rebound as sellers stay firmly in control.

The infamous Bitcoin whale, who shorted BTC last week, continues to add to its BTC price downside bet.

$107,000 is slowly emerging as a potential near-term target.

Bitcoin (BTC) fell back to multi-week lows after Tuesday’s Wall Street open as traders advised a low-risk approach.

BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBitcoin whale stays short BTC with $500 millionData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping over 3% to retest $110,000.

Amid fresh volatility, Bitcoin tested hodlers’ nerves for a second time in several days as suspicions of market manipulation continued to swirl.

“Puke from the US market open led to another sweep of $110K which is still seeing passive buying & a bit more absorption of market selling,” trader Skew wrote in his latest post on X.

“In perps we have shorts from earlier in the day taking profits.”BTC/USDT five-minute chart with market data. Source: Skew/XAttention stayed focused on the actions of a crypto whale who shorted the market just before Friday’s $20 billion liquidation cascade. 

On Tuesday, their BTC short with 10x leverage was worth nearly half a billion dollars.

The infamous Hyperliquid whale is back.

Last time

he shorted $700M BTC + $350M ETH, pocketing nearly $200M during the crash.

This time

he’s opened a $494M Bitcoin short at 10x leverage.

Entry: $115,288

Current price: $112,600

Unrealized profit: +$11.8M and climbing.

His… pic.twitter.com/QxSThYpM8f

— Justin Wu (@hackapreneur) October 14, 2025
Other risk assets also struggled on the day, with US stocks opening down and gold dropping from its latest all-time high of nearly $4,180 per ounce.

Continuing, trader Roman told X followers to avoid overexposure amid weak market structure on the way to $108,000.

“Now we have a potential DB reversal with volume dropping on major support,” he wrote alongside a low-timeframe price chart. 

“My only issue is part of me believes we fill that wick from our liquidation cascade. I’d take low risk here.”BTC/USD four-hour chart. Source: Roman/X$107,000 coming next?Taking proprietary data into account, meanwhile, Keith Alan, co-founder of trading resource Material Indicators, had lower levels in mind.

“$BTC is pushing down for a 4th support test at $109k, but I’m not convinced it will hold,” an X post admitted. 

“Technical support is stronger where the 200-Day SMA has confluence with the Q4/2025 Timescape Level at $107,100. If bulls lose that level, the yearly open could come into focus.”BTC/USD one-day chart. Source: Keith Alan/XBitcoin’s yearly open lies just below $93,500, and has formed a key level since.

Earlier, Cointelegraph reported on various key support trendlines in play, including moving averages and the aggregate cost basis for short-term holders.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Bitcoin Magazine Bitcoin Price Crash Sparks Debate Over Bull Market Fate The bitcoin price tumbled amid massive liquidations, sparking fears of a bull market end. Yet, on-chain metrics and macro signals suggest this is just a healthy reset, paving the way for stronger rallies ahead. Bitcoin Price Crash Sparks Debate Over Bull Market Fate Matt Crosby.

On October 14, 2025, MicroStrategy made headlines by announcing a significant addition to its Bitcoin holdings, investing $27 million to acquire approximately 1,000 bitcoins. This bold move by the business intelligence firm comes amidst ongoing criticism from prominent Bitcoin skeptic Peter Schiff, who has repeatedly questioned the prudence of such investments.

Zcash, a prominent player in the cryptocurrency market, has recently witnessed a significant milestone with over 4 million ZEC coins being shielded. This unprecedented achievement highlights a growing adoption of privacy-focused features in the crypto sphere.

Elon Musk, the Tesla billionaire who fell out with U.S. president Donald Trump over his $37 trillion debt-raising tax and spend bill, has once again quietly signaled his support of bitcoin—even as a serious bitcoin price warning light flashes red.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

Bitcoin has swung wildly this week as the gold price soars and stock markets plunge on fears Trump could reignite the smoldering U.S. trade war with China, with a bitcoin price "flash crash" over the weekend sparking a serious BlackRock warning.

Now, Musk, who has said his new political party would support bitcoin over the U.S. dollar, has praised bitcoin for being "based on energy" and agreed the bitcoin price has soared amid dollar "debasement" designed "to fund the AI arms race."

Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run

ForbesAnother Serious Bitcoin Price And Crypto Warning Light Just Quietly Flashed Red

Tesla billionaire Elon Musk has signaled his support for bitcoin amid wild bitcoin price and crypto market swings.

Getty Images

"AI is the new global arms race, and capex will eventually be funded by governments (U.S. and China). If you want to know why gold/silver/bitcoin is soaring, it's the "debasement" to fund the AI arms race," the ZeroHedge X account posted, adding: “But you can't print energy.”

Musk responded, saying: “True," and adding: "That is why bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.”

Musk, who has said he personally holds bitcoin, ethereum and the meme-based dogecoin, also agreed with a reply to his post that said, “dogecoin is also based on energy.”

Bitcoin, which is secured by a network of so-called miners who use powerful computers to validate transactions in return for newly issued bitcoin, uses as much electricity each year as some small countries, with its energy demands climbing along with its price as more miners join the network.

Musk, who helped Trump back into the White House with campaign rallies and warnings over the spiraling U.S. debt pile that passed $37 trillion this year, dramatically fell out with Trump after he failed to rein in government spending, while Musk’s own department of government efficiency (Doge) initiative has so far failed to make the multi-trillion dollar savings it originally promised.

Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the market

ForbesSerious BlackRock ETF Warning Issued After ‘Extreme’ $500 Billion Bitcoin And Crypto Price ‘Flash Crash’By Billy Bambrough

The bitcoin price has rocketed higher this year, helped by Elon Musk's continued support for bitcoin and warnings over the future of the U.S. dollar.

Forbes Digital Assets

Musk’s support for bitcoin and crypto has waned from its Covid-era peak, though Musk has continued to give backing to bitcoin, as well as his "favorite" cryptocurrency dogecoin.

Following his White House exit, Musk said his America Party would favor bitcoin over the U.S. dollar, with Musk branding the dollar and other non-asset backed currencies as “trash.”

Disquiet over so-called fiat currencies has grow in the years following the huge 2008 financial crisis bailouts that directly led to the creation of bitcoin and then Covid lockdown stimulus measures that flooded the economy with trillions of freshly printed dollars.

Government stimulus and supply chain-distrupting lockdowns sparked massive global inflation, which some fear has put the U.S. dollar into "death spiral" as the Federal Reserve is forced to create more dollars to pay off interest on its existing debt.

Co-founder Keone Hon marked the occasion with a strong message to the community: “Happy Claim Portal Day! But please, be careful.

Billionaire entrepreneur and Tesla CEO Elon Musk touted Bitcoin’s ability to protect investors from fiat money printing, which may increase due to what analysts call an incoming government-funded race to develop artificial intelligence.

Elon Musk has praised Bitcoin’s (BTC) energy-based proof-of-work model for its inflation-proof mechanism, which is immune to governmental fiat currency printing as it is “impossible to fake energy."

“That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” Musk wrote in a Tuesday X post.

Musk’s comment came in response to popular analyst Zerohedge’s post, which attributed the current momentum behind Bitcoin and precious metals to a “debasement” to fund the government-funded AI arms race that will play out between the world’s largest economies.

Source: Elon Musk“AI is the new global arms race, and capex will eventually be funded by governments (US and China),” Zerohedge wrote in a Tuesday X post, attributing the recent momentum of Bitcoin, gold and silver to the “debasement to fund the AI arms race.”

Musk predicted Bitcoin’s “long winter” after FTX collapse, Tesla silent on BTC paymentsTuesday’s response marks Musk’s first serious Bitcoin-related public post in nearly three years, since November 2022, when he predicted the incoming crypto winter shortly after the collapse of FTX and Alameda Exchange.

“BTC will make it, but might be a long winter,” wrote Musk in an X post on Nov. 14, 2022, in response to Bitcoin hitting the previous bear market’s lowest point of $16,000.

Source: Elon MuskFTX collapsed due to the misappropriation of user funds, resulting in an $8.9 billion loss of investor funds. The crypto exchange filed for bankruptcy on Nov. 11, 2022, and was seen as the main catalyst behind the subsequent crypto winter.

However, Musk has yet to comment on the sustainability of the Bitcoin mining network, which he previously criticized for its over-reliance on fossil fuels.

In May 2021, electric car manufacturer Tesla suspended Bitcoin payments for vehicle purchases, citing environmental concerns, which caused Bitcoin’s price to drop by 6% within an hour, from $54,800 to roughly $51,600.

Source: Elon MuskWhile Tesla hasn’t sold the majority of its Bitcoin holdings, the firm has yet to comment on potentially reinstating Bitcoin payments, as Musk previously pledged to do so if the mining network’s use of renewable energy increased.

On June 13, 2021, Musk said Tesla would allow BTC transactions once it could confirm that the Bitcoin mining network uses at least 50% clean energy.

Source: Woocharts/CointelegraphBitcoin mining’s sustainable energy usage reached an all-time high of over 55%, according to the above graph modeled by climate tech venture capitalist Daniel Batten and Bitcoin analyst Willy Woo.

Cointelegraph has approached Tesla for comment.

Magazine: ‘Debasement trade’ will pump Bitcoin, Ethereum DATs will win: Hodler’s Digest, Oct. 5 – 11

Summary

ETH price is currently $3,948, trailing behind Bitcoin at the #2 spot in the market by market cap and with strong itra-year momentum.
To flip BTC at Bitcoin’s current price, ETH would need a market cap of around $2.41 trillion and trade at around $20,000 per unit of ETH.
The flippening scenario is deemed unlikely to occur in the near future by most analysts, although certainly possible if Ethereum’s ecosystem continues to develop.

ETH price is a hot topic in today’s crypto market, as is the concept of any altcoin flipping or surpassing the value of Bitcoin. For Ethereum to overtake Bitcoin’s value, it would need to be valued at around $20,000 per ETH today, around a 5x increase in market cap with no further increase in Bitcoin’s market cap.

To assess the likelihood of this, let’s take a look at the current market valuation and price factors for ETH.

Current ETH price scenario
1D price chart for Ethereum | source: crypto.news
ETH price is $3,948, down slightly on the day but still holding above support near $3,900. Price is ranging between $3,800–$4,300, with traders waiting for a clean breakout to confirm renewed strength.

ETF inflows have wound down recently along with ETH trading volumes, but ETH has still outperformed most altcoins in recent months with strong community sentiment building behind the project’s roadmap. The upcoming Fusaka upgrade, due late this year, has improved the fundamental outlook for Ethereum.

Still, futures funding rates have flipped mildly negative, suggesting some traders are hedging or reducing long exposure ahead of U.S. CPI data and macro events that could shake broader markets.

Bear case for ETH price: Bitcoin holds the crown
Despite the strength of the project, Ethereum still has a long way to go before it can flip the godfather of crypto, BTC. Bitcoin has become increasingly embedded in mainstream finance, with its role as a macro hedge and reserve assets second to none in the crypto market.

On the other hand, Ethereum (ETH) is still viewed as fairly risk-on rather than a consistent store of value due to its price history since launch.

Bitcoin still holds the top spot when it comes to crypto ETF inflows, while ETH inflows have been underperforming recently. Higher gas fees or reduced liquidity could push ETH prices down, and a slip below $3,900 would risk a pullback to the $3,600 – $3,700 range, eroding positive sentiment.

ETH price prediction based on current levels
Ethereum’s near-term range sits between $3,800 and $4,300. A confirmed breakout above $4,500 could open the path toward $5,000, reviving the bullish case into year-end. Conversely, a drop below $3,900 would likely trigger a correction toward the mid-$3Ks.

The broader Ethereum price prediction remains cautiously optimistic. While ETH flipping BTC in the next cycle is still a stretch, its ongoing technological progress, deflationary model, and expanding institutional footprint continue to narrow the gap, suggesting Ethereum’s best days in this market cycle may still be ahead.

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

The window to check for eligibility to claim MON tokens will remain open until November 3, the Monad Foundation said. Oct 14, 2025, 1:54 p.m.

Monad is gearing up for one of the most anticipated token launches of the year. The Layer-1 blockchain project has opened its MON airdrop portal, inviting eligible users to check their status ahead of the official token distribution.

While the airdrop itself hasn’t gone live yet, the Monad Foundation said that users can now verify eligibility and connect their wallets, with the window remaining open until Nov. 3, 2025.

STORY CONTINUES BELOW

“There is NO incentive to claiming really fast, so take your time. Triple check everything,” said Keone Hon, the co-founder of Monad, on X.

The Monad Foundation shared in a blog post that it will target around 5,500 core community members and 225,000 broader crypto users, rewarding those who’ve helped grow the Monad ecosystem. Distribution will be done through a multi-track system spanning five categories: Monad Community, Onchain Users, Crypto Community, Crypto Contributors & Curious and Monad Builders. Those who qualify across multiple tracks can stack their allocations, giving more weight to active participants.

The team also said it will be combining on-chain activity data (such as DEX volume and NFT ownership) with off-chain verification through platforms like Twitter, Discord and Telegram.

The airdrop marks a step toward Monad’s upcoming mainnet launch, though the details of when that will happen and the number of tokens allocated towards these communities are still unknown. (Hon did post on X earlier this year that there would be 100 billion MON tokens.)

Read more: Monad Confirms Airdrop Timing, But Allocation Details Remain Under Wraps

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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A well-known crypto analyst, Coach JV, is reminding XRP investors about the importance of patience and conviction in the crypto market. He warns that those who only chase quick profits or lack belief in their investments could face severe losses. He says people should only invest when they are ready to stay for a long time. 

Coach JV Warns XRP Investors To Build Conviction Or Stay Out
Coach JV posted a clear warning on X to all XRP investors. He said, “If you’re not willing to hold for 10 years or haven’t built conviction in what you’re investing in, don’t get in. You’ll get wrecked.” His words mean that people who only want fast money or do not believe in what they are buying could lose a lot. 

He said that many traders lose because they act on emotion instead of reason. When prices drop, they panic and sell. When prices rise, they chase profits too fast. According to Coach JV, this kind of behavior always ends badly. He believes that only investors who truly trust what they invest in can survive the ups and downs of crypto. 

The XRP market has experienced many price swings, causing some investors to feel nervous. He tells XRP investors to stop reacting to short-term price changes and to build firm conviction in their choices. Coach JV’s message reminds crypto investors that being patient is not about waiting but about having a fundamental belief in patience. His simple advice to the XRP community is to stay calm, believe, and plan for the future.

Long-Term Strategy: XRP, Bitcoin, And Solana As Core Plays
In the same message, Coach JV shared more details about his personal investment approach. He said that XRP, Bitcoin, and Solana are his long-term plays. He says that Bitcoin is like his “supercharged savings account” and that he will never sell it. He has held Bitcoin for years while managing profits from smaller altcoins during major market rallies.

He explained that when smaller altcoins rise sharply, he takes profits to strengthen what he calls his “cash and protection ecosystem.” Coach JV said that last Friday’s market activity was a perfect example of why patience and strategy are essential. It showed how being prepared can protect XRP investors when the crypto markets change quickly. 

Coach JV closed his message by repeating that discipline, patience, and conviction always beat emotion. His reminder to XRP investors and the broader crypto community is that they believe in their investments, think long-term, and not let short-term emotions ruin their plans. In a market full of uncertainty, Coach JV’s message could stand as a steady call for focus, conviction, and confidence in what XRP investors choose to hold.

Price struggles following liquidation event | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

In the realm of digital finance, October 2025 marks a significant opportunity for investors aiming for high potential returns, as the latest meme cryptocurrency, Little Pepe (LILPEPE), makes waves in the market. As a rapidly emerging token, LILPEPE joins the ranks of other meme coins that have captured the imagination of crypto enthusiasts and retail investors worldwide.

S&P Global is steadily growing its presence in the DeFi and blockchain space.

The company is exploring newer ways to bring its trusted financial insights to this space, creating a bridge between traditional finance and decentralized markets.

S&P Global Brings Stablecoin Risk Ratings On-ChainIn a latest press release, S&P Global revealed a new partnership between S&P Global Ratings, one of the world’s most trusted names in credit rating and financial analysis, and Chainlink, the leading blockchain Oracle network, that connects real-world data to smart contracts.

Through this collaboration, S&P Global Ratings’ Stablecoin Stability Assessments (SSAs) , which evaluate the reliability and risk of different stablecoins, will now be made available on-chain using DataLink, an institutional-grade data delivery service, powered by the Chainlink data standard.

This means that for the first time, DeFi protocols and smart contracts will have direct access to S&P’s independent, in-depth stablecoin risk data.

On-Chain SSAs To Launch on BaseThe on-chain SSA’s give real time insights into how stable different stablecoins are. Rated on a scale from 1 to 5, these assessments show how well each coin holds its value against fiat currencies. The on-chain SSAs will first be available on Base, Coinbase’s Ethereum Layer 2 network, with plans to expand to other blockchains based on demand and feedback from users.

Notably, DataLink lets S&P Global Ratings securely share data on blockchains without building or managing any new infrastructure.

S&P Global Ratings currently evaluates 10 major stablecoins, including USDT, USDC, and Sky Protocol’s USDS/DAI, using its SSA framework. The assessments look at key factors like asset quality, governance, regulatory compliance, redeemability, liquidity, and overall track record, giving a clear picture of each coin’s stability and reliability.

Backing Secure Stablecoin AdoptionChuck Mounts, Chief DeFi Officer at S&P Global highlighted that the launch shows its commitment to serving clients in the growing digital space. This move helps make the DeFi market more transparent, trustworthy, and data-driven, allowing users to make better, more informed decisions.

Sergey Nazarov, Chainlink CEO noted that this move will help major institutions adopt stablecoins securely. 

The partnership uses Chainlink’s trusted infrastructure, which has handled $25 trillion in transactions and securing nearly $100 billion in DeFi assets. It has also worked with major financial players like Swift, J.P. Morgan, Fidelity, and Mastercard.

The launch comes at a time when stablecoins have crossed $300 billion in market value over the past year, and the new GENIUS Act has given the institutions, much-needed clarity. 

With S&P Global Ratings’ SSAs now on-chain, market participants can build and use DeFi solutions that meet the strict risk standards institutions need to move capital on-chain confidently.

S&P Global Expands Its Digital Asset PresenceNotably, S&P Global has steadily expanded in the DeFi space, from launching cryptocurrency indices in 2021 to creating DeFi-focused benchmarks and rating tokenized funds.

Last week, it announced the launch of the S&P Digital Markets 50 Index, which combines cryptocurrencies and publicly traded crypto-linked equities.The index combines 15 major cryptocurrencies with 35 stocks linked to digital asset companies, blockchain infrastructure, financial services, and related technologies.

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TL;DR

Elon Musk reaffirmed his support for Bitcoin, describing it as “based on energy” and superior to fiat currencies, which governments can print endlessly.
He framed Bitcoin as a scarce, digital hard money system aligned with the AI-driven energy era.
Despite muted market reactions, his comments reinforce Bitcoin’s growing role as a reliable store of value amid rising global inflation.

Elon Musk reignited discussions in the crypto world with a bold new statement positioning Bitcoin above traditional government-issued currencies. In a post on X (formerly Twitter), Musk highlighted Bitcoin’s energy-backed foundation, emphasizing its scarcity and resilience compared to fiat currencies, which can be printed without limit. He also noted that technological innovation and energy efficiency could further strengthen Bitcoin’s role in the financial system.

Musk Frames Bitcoin As Energy-Backed Digital Money
Responding to market analyst Zerohedge, Musk argued that Bitcoin’s reliance on energy gives it a structural advantage over fiat.

“You can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy,” he wrote.

Zerohedge’s post connected the rise of AI infrastructure and the global tech arms race to increased demand for scarce assets like gold, silver, and Bitcoin. Musk’s remarks position Bitcoin as a “proof-of-energy” system where trust is anchored in computational work and real-world energy consumption, rather than arbitrary printing by central banks.

The discussion ties into a larger macroeconomic narrative: energy, scarcity, and digital value. As AI and data center growth accelerate, Musk’s framing of Bitcoin highlights its potential as a stable digital store of value when other assets are increasingly inflated by government spending. Industry experts suggest this perspective could encourage more long-term institutional investment in digital assets.

Tesla And Musk Maintain Long-Term Bitcoin Commitment
This statement aligns with Musk’s previous positions on Bitcoin. He has consistently held onto his BTC, ETH, and DOGE, viewing scarce digital assets as a hedge against inflation. Tesla also continues to maintain one of the largest corporate Bitcoin treasuries, reportedly holding around $1.4 billion as of October 2025, according to Arkham Intelligence.

Despite Musk’s endorsement, Bitcoin’s price remained relatively flat, trading at $111,836, reflecting ongoing investor caution. Analysts suggest that while Musk’s posts often sway smaller, volatile segments of the market, the long-term influence reinforces confidence in Bitcoin’s structural scarcity and energy-based credibility.

Musk’s renewed advocacy comes at a time when the global economy is grappling with inflation and energy-driven technological expansion, underlining the argument that Bitcoin may serve as a stable digital alternative to fiat in a rapidly evolving financial landscape.  

Cardano (ADA) and Litecoin (LTC) have once again taken center stage as the crypto market heats up in October 2025. Bitcoin is trading above six figures while the total market cap touches four trillion dollars, fueling massive activity across altcoins. Cardano’s steady climb and Litecoin’s increasing transaction volume have strengthened the sentiment that Q4 could end on a bullish note. Yet one project has suddenly become the talk of the month. MoonBull ($MOBU) is being called the top crypto in October after showing numbers that have stunned early participants.

MoonBull ($MOBU) is rising fast through its stages, with community members flocking toward it for its strong fundamentals and massive return projections. While other tokens move at a steady pace, MoonBull’s structure and performance have given it the spotlight this month. With impressive tokenomics and transparent milestones, it is capturing attention like few others.

MoonBull ($MOBU) Declared Top Crypto in October as ROI Crosses 9256%
MoonBull ($MOBU) runs on a high-performance tokenomics engine designed to strengthen every transaction. From each trade, 2% is allocated to liquidity for price stability, 2% is distributed to holders as reflections for passive income, and 1% is permanently burned to reduce supply and increase long-term token value. This setup ensures the ecosystem remains sustainable while rewarding committed holders consistently.

Its staking program offers a fixed 95% APY, calculated daily with a short 2-month lock period. Whether someone holds big or small, the system makes it easy to earn. Over 14 billion tokens have already been allocated to staking. On top of that, the referral program gives out 15% in token bonuses, and the leaderboard offers monthly USDC prizes. With all this in motion, it’s no surprise MoonBull is now ranked as the top crypto in October for those looking for steady passive income and reliable long-term value.

MoonBull Presale Hits 151,783% as $5K Entry Could Reach $7.5M
MoonBull is currently priced at $0.00006584 in Stage 5, while the confirmed listing price is $0.00616, that’s a projected gain of 9,256%. Early buyers who entered at $0.000025 have already locked in over 160% returns. Analysts are even more bullish, with long-term predictions targeting $0.10, which equates to a staggering 151,783% ROI from today’s price.

Here’s what that looks like in real numbers: a $5,000 buy-in at today’s rate secures approximately 75,941,676 MOBU tokens. At listing, that would be worth around $467,800. But if the price hits $0.10, the same holding would be valued near $7.5 million. With more than 1,200 holders onboard and over $350,000 already raised, demand is strong. A further 27% price surge is expected in the coming days. All signs point to MoonBull staying in the spotlight as the top crypto in October, backed by data, growth, and massive potential.

Cardano (ADA) Price Prediction Highlights Institutional Strength in October 2025
Cardano (ADA) continues to maintain market confidence through stable price activity and enterprise integrations. Its price has fluctuated between forty-two and forty-six cents, supported by corporate adoption of blockchain payroll systems. Cardano’s low transaction fees, averaging only one-tenth of a cent, make it attractive for large-scale settlements and financial automation.

Cardano (ADA) price prediction reports indicate a possible move toward sixty cents by early 2026. The total value locked in its DeFi ecosystem has remained steady above four hundred twenty million dollars. That shows developers and partners continue trusting the network for decentralized finance projects and business applications. Despite market volatility, ADA’s fundamentals remain solid, positioning it as one of the more reliable large-cap assets heading into 2026.

Litecoin (LTC) News: Transaction Volume Surges Past 1 Million in a Single Day
Litecoin (LTC) continues to prove its strength in 2025. Reports show that the number of daily transactions exceeded one million this October, the highest level seen this year. This shows strong real-world use as more merchants accept LTC for retail payments. Litecoin remains among the top five most-used coins globally for everyday crypto transactions.

Litecoin (LTC) price has hovered between eighty-five and ninety dollars, with projections for early 2026 suggesting a move toward one hundred twenty. More than seventy-five million transactions have been confirmed since January, reinforcing trust in the network’s security and scalability. With consistent usage and wide accessibility, Litecoin continues to be a dependable digital asset that holds its position through every cycle.

Is MoonBull ($MOBU) the Top Crypto in October to Watch Right Now
Cardano (ADA) and Litecoin (LTC) have both maintained a strong footing, but MoonBull ($MOBU) stands out for entirely different reasons. The ongoing MoonBull presale has already collected more than three hundred fifty thousand dollars, with over twelve hundred holders recorded. The token’s projected return from its current price of $0.00006584 to $0.00616 has caught the attention of early adopters across the community.

MoonBull’s staking rewards, token burns, and community-driven incentives give it unmatched appeal. The referral program offers fifteen percent bonuses, while a transparent governance model ensures community control over the project’s future. With tokens instantly claimable and liquidity locked for forty-eight hours after launch, MoonBull has created one of the safest environments for early buyers. The project’s design, growth speed, and impressive returns solidify its title as the top crypto in October.

For More Information:
Website: Visit the Official MOBU Website 

Telegram: Join the MOBU Telegram Channel

Twitter: Follow MOBU ON X (Formerly Twitter)

FAQ for Top Crypto in October
Is October a bullish month for crypto?
Yes, October is often considered a bullish month for crypto, with historical data showing strong Q4 rallies and renewed market confidence.

What’s the best upcoming crypto?
MoonBull ($MOBU) is currently seen as the best upcoming crypto due to its high ROI potential, staking rewards, and strong community growth.

Which crypto has 1000x potential?
MoonBull ($MOBU) is projected to have 1000x potential based on its current stage price, tokenomics model, and analyst predictions.

How to find presale crypto?
Presale crypto projects can be located through verified launchpads or official project websites with transparent audits and KYC verification.

What is the biggest crypto presale in history?
Ethereum’s 2014 sale remains the largest early-stage event, raising over eighteen million dollars and shaping how modern projects launch.

Summary: MoonBull ($MOBU) continues to dominate as the top crypto in October, combining sustainable tokenomics, high staking rewards, and a jaw-dropping 151,783% ROI projection. With a current price of $0.00006584 and rising community engagement, it stands in a league of its own. Cardano (ADA) remains a leader in blockchain payments and enterprise utility, while Litecoin (LTC) keeps breaking transaction records. These coins highlight how active the 2025 crypto market has become, but for those eyeing serious returns backed by real structure, MoonBull stays unmatched.

Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.

Is Elon Musk Getting Interested in Bitcoin Again?"Bitcoin is based on energy," said the Tesla chief early Tuesday. "It is impossible to fake energy." Oct 14, 2025, 12:40 p.m.

Led by Elon Musk, Tesla famously purchased $1.5 billion worth of bitcoin BTC$111,074.70 in early 2021 and announced plans to accept BTC as payment for its products.

Within months though, Musk — proclaiming himself worried about the massive amounts of energy required to secure the bitcoin network — said Tesla would no longer accept bitcoin for payment until he was satisfied bitcoin wasn't contributing to climate change.

STORY CONTINUES BELOW

Little has been heard since from Musk regarding bitcoin, other than Tesla dumping 75% of its bitcoin stack mid-2022, not far from the epic bottom of the crypto winter.

Musk, in fact, has seemingly gone out of his way not to get drawn into bitcoin discussions, waving away Cathie Wood during an online chat more than a year ago when she tried to bring up the subject, and keeping his distance from the Trump administration's plans regarding the crypto.

Interest renewed?That may have changed today though. In the pre-dawn U.S. hours, Musk took the time to respond to a Zerohedge X post trying to explain gold, silver and bitcoin at or near record highs.

"Money is not the problem: AI is the new global arms race, and capex will eventually be funded by governments (US and China)," said ZH. "If you want to know why gold/silver/bitcoin is soaring, it's the 'debasement' to fund the AI arms race ... But you can't print energy," ZH concluded.

"True," replied Musk. "That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy."

Whether this means Musk's full engagement with Bitcoin again remains to seen, but the mercurial business leader appears to be paying attention to the "debasement trade."

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Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025

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Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platformOpen interest across centralized derivatives exchanges rose 4.92% to $187 billionView Full Report

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Circle Can Withstand Rate Cuts as Stablecoin Demand Grows: Bernstein

5 minutes ago

The broker said lower interest rates could squeeze Circle’s revenue, but rising USDC adoption and operating leverage should keep profits on track.

What to know:

Bernstein estimated that a 25 bps rate cut could reduce Circle’s 2027 revenue by 9% and EBITDA by 11%.Rising USDC demand on exchanges and DeFi could offset lost float income in a low-rate environment, the broker said in a report.Read full story

TL;DR

Investors pulled a combined $755 million from Bitcoin and Ethereum ETFs on October 13, following a historic $19 billion crypto liquidation triggered by trade tensions.
Ethereum ETFs led with $428.5 million in outflows, while Bitcoin ETFs saw $326.5 million exit.
Analysts emphasize that these withdrawals are a short-term “macro reflex” caused by volatility, rather than a structural loss of confidence in crypto investments.

U.S. spot Bitcoin and Ethereum exchange-traded funds recorded significant outflows on Monday, signaling heightened caution among institutional investors. The total $755 million retreat marks the sharpest single-day movement since early September, reversing strong inflows seen earlier in October.

Bitcoin ETFs Hold Firm While Funds Face Mass Exits
Among Bitcoin ETFs, BlackRock’s iShares Bitcoin Trust (IBIT) was a rare exception, attracting $60.4 million in new capital and maintaining its position as the largest crypto fund with $93.1 billion in assets. Meanwhile, Grayscale’s Bitcoin Trust (GBTC) experienced $145.4 million in withdrawals, and Fidelity’s Wise Origin Bitcoin Fund lost $93.3 million. Overall, Bitcoin spot ETFs now hold $157.2 billion, roughly 6.8% of Bitcoin’s market capitalization. Trading volumes spiked to $6.63 billion amid the turbulent session.

Ethereum ETFs Suffer Heaviest Blow Amid Tariff Shock
Ethereum ETFs faced the largest outflows, with BlackRock’s ETHA losing $310.1 million. Grayscale’s ETHE and Fidelity’s FETH followed with $21 million and $19.1 million in redemptions, respectively. This pulled total Ethereum ETF assets down to $28.75 billion, about 5.6% of ETH’s market capitalization. Analysts note that the sell-off was triggered by President Trump’s announcement of 100% tariffs on Chinese imports, which sparked an unprecedented $19–30 billion liquidation of leveraged crypto positions.

Despite the turbulence, Ethereum’s fundamentals remain strong. Technical indicators such as RSI and MACD suggest rising buying momentum, providing potential short-term support. Institutional interest also shows resilience, with BitMine increasing its ETH holdings during the crash, now owning over 3 million ETH valued at $827 million.

Bitcoin and Ethereum continue to face pressure as traders anticipate Federal Reserve Chair Jerome Powell’s speech at the National Association for Business Economics meeting. Any hints of aggressive rate policy could amplify volatility, but analysts argue that the recent ETF outflows are largely defensive positioning, not a signal of a structural retreat from crypto markets.

Markets have shown signs of stabilization over the weekend as trade tensions eased, suggesting the recent exodus may be temporary. With $3.17 billion of crypto inflows just the week prior, the sector still retains strong institutional support, leaving room for recovery once macro signals clear.

Metaplanet Inc. (OTCQX:MTPLF) shares fell to $3.45 on Tuesday, extending a months-long slide that has erased 70% of the company's value and pushed its market capitalization below the worth of its Bitcoin reserves.

Market Discounts Metaplanet's Bitcoin HoldingsThe Tokyo-based company, once hailed as Japan's equivalent to Strategy Inc. (NASDAQ:MSTR), is now confronting a sharp reversal in its fortunes.

After pivoting from hospitality to Bitcoin (CRYPTO: BTC) investment in April 2024, Metaplanet's stock initially soared as traders embraced its crypto-treasury strategy.

That optimism has since evaporated. The company's market value and debt combined now total less than the value of its Bitcoin holdings, with its market-to-net-asset-value ratio (mNAV) briefly falling to 0.99 on Tuesday. 

This indicates that investors are valuing the firm below its own Bitcoin reserves which is a rare scenario for listed crypto-treasury firms.

Technical Breakdown Deepens Losses

Metaplanet Inc. Price Dynamics (Source: TradingView)

On the charts, Metaplanet Inc. continues to extend its decline within a well-defined descending channel, with price now testing the lower boundary near $3.40.

The stock remains capped under the 20-day EMA at $4.01, reinforcing the dominance of sellers.

Momentum indicators confirm the weakness, with RSI hovering near 34, reflecting persistent bearish pressure but nearing oversold territory.

A sustained break below $3.30 could expose the next downside zone near $2.80, while recovery attempts will face immediate resistance at $4.00 and stronger hurdles at $5.00.

The broader trend remains negative unless price reclaims the mid-channel and key moving averages.

Analysts See Bubble Deflation in Crypto Treasury StocksMark Chadwick, a Japan equity analyst writing on Smartkarma, said Metaplanet's collapse reflects "a popping of a bubble" in crypto-treasury stocks — companies that gained attention for holding digital assets on their balance sheets as proxies for direct Bitcoin exposure.

"While the euphoria has cooled, some Bitcoin believers might see this as a good moment to buy the stock cheap," Chadwick said.

Company Continues Expanding Bitcoin HoldingsDespite the selloff, Metaplanet continues to accumulate Bitcoin.

Company filings show holdings of more than 30,000 BTC, valued around $3.4 billion.

In September, shareholders approved an international equity sale that raised about $1.4 billion to fund additional Bitcoin purchases.

Why It MattersMetaplanet's collapse is more than just a single stock story. 

It shows how markets are starting to discount even hard Bitcoin holdings when confidence in the corporate wrapper breaks down. 

Japan's "Bitcoin treasury" was once seen as a clean equity proxy for BTC exposure, but the crash below its reserve value flips that logic on its head. 

For institutional investors, the message is clear: Bitcoin itself may be trusted, but listed companies using it as a balance-sheet strategy are no longer guaranteed a premium. 

This disconnect could redefine how Wall Street and Tokyo price future corporate crypto treasuries compared with direct Bitcoin holdings.

Read Next:

BlackRock Hits $13.5 Trillion AUM, CEO Sees Building Momentum
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A cryptocurrency analyst and Bitcoin (BTC) maximalist, Knut Svanholm, has criticized Bitcoin Core v30.0’s expansion of the OP_RETURN limit to 100,000 bytes for multiple outputs per transaction. Svanholm argues the move will enable "shitcoining" like crowdfunding and staking on Bitcoin’s layer 1 and increase costs for peer-to-peer transfers.

Bitcoin maximalists warn against diluting Bitcoin’s core missionNotably, the Bitcoin Core v3.0 introduces technical changes, removing the 80-byte limit and reducing relay fees. The changes will make it easier and cheaper to store data, build metaprotocols and execute more complex applications.

These kinds of developments are typically done on other chains like Ethereum. Although some developers consider this a technical enhancement, Bitcoin purists like Svanholm view it as an ideological threat.

He specifically referred to developers like Electron Arc-20 who are celebrating the development. Svanholm maintained that the functions are non-Bitcoin-native features that resemble altcoin — "shitcoin" — behavior.

They're spelling it out.

The changes in Core v30 make it easier for them to "Enable new forms of crowdfunding, staking, and digital economies on Bitcoin L1."

Make no mistake, this is shitcoining, and it is a net negative to Bitcoin. Any "use case" that isn't making sending and… https://t.co/JDITyS5AT6

— Knut Svanholm ∞/21M (@knutsvanholm) October 14, 2025 The Bitcoin maximalist believes that using Bitcoin for speculative or nonessential purposes dilutes its core mission. He insists that the primary intended use case of Bitcoin should be for sending and receiving sats privately and cheaply. Svanholm says everything else, such as DeFi, staking, crowdfunding and NFTs, is all abuse cases that clutter the network and increase transaction costs.

He called on users in the ecosystem to resist and reject Bitcoin Core v30, a new take on the controversial stance in the community. He suggested that users switch to Bitcoin Knots, an alternative implementation that does not include these changes that have caused controversy.

According to him, this is the only way to keep the Blockchain pure and prevent pollution of the ecosystem. "The shitcoiners are running out of gullible morons to scam... now they have to find new fools in the Bitcoin space," he stated.

Developers divided as community debate on Core v30 intensifiesKnut Svanholm is not alone in this opinion. Recently, Luke Dashjr, a prominent developer famous for his work on Bitcoin Knots, also kicked against the move. Dashjr considers running Core v30 as an endorsement of child sexual abuse materials, a claim that makes many ponder whether the community will ever unite in its ideologies.

However, a pro-Core v30 developer, Jimmy Song, does not agree that running the software poses an existential threat to the asset. Song insists that there will always be bad actors who could leverage some features, but it will not kill Bitcoin.

While the debate rages, the Bitcoin community was recently stunned when five sequential blocks were mined on the blockchain within 20 minutes. The four-minute average time puzzled many.

Bitcoin Miner IREN's AI Pivot Earns $100 Price Target at Cantor Fitzgerald"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud, we continue to believe there is more room to run," said analyst Brett Knoblauch. Oct 14, 2025, 12:58 p.m.

Hot-handed bitcoin miner turned AI infrastructure play IREN (IREN) continues to have major upside, according to Wall Street brokerage Cantor Fitzgerald.

"Over the past several months, IREN has heavily leaned into its AI Cloud Services segment," wrote analyst Brett Knoblauch. "This is a business that we believe will ultimately closely resemble that of CoreWeave (CRWV)."

STORY CONTINUES BELOW

"While shares have done well over the expectation that IREN will entirely focus on its GPU cloud," Knoblauch continued, "we continue to believe there is more room to run."

Knoblauch further noted that on a contracted megawatt basis, IREN is trading at about a 75% discount to its neocloud peer group. A discount is surely warranted given revenue backlog disparity, he said, but the gap should close over time, "resulting in a material re-rating on IREN shares."

Knoblauch more than doubled his price target to $100 from $49, suggesting 56% upside from last night's close of $64.14. The stock is higher by 513% since starting the year just above $10.

IREN is up marginally in premarket action to $64.50.

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Bitcoin steadies around $111,000 after a bruising sell-off, as derivatives and options data show mixed signals between cautious futures traders and bullish options buyers.

What to know:

Bitcoin is holding above the key $110,000 support after dropping from $121,000, erasing about $500 billion from total crypto market capitalization.Futures open interest remains stable at $25.5 billion, but mixed funding rates hint at divided sentiment; options traders, meanwhile, are paying heavy premiums for upside exposure.Plasma (XPL) is down 58% in a week amid tokenomics concerns, while FET, OP, and ETHFI have each fallen over 35% in the same period.Read full story