Market Signal Briefing

The total crypto market cap has lost over $100 billion daily.

Bitcoin’s impressive price recovery that began over the weekend has come to a halt as the asset slumped by over four grand after it was rejected at $116,000.

The altcoins have produced even more painful declines within the same timeframe, which include double-digit corrections by the likes of BNB, MNT, ZEC, and others.

BTC Slides to $112K
The previous business week ended with one of the worst crashes in recent crypto history after US President Donald Trump threatened China with a new set of tariffs for certain products. BTC went from $122,000 ahead of the statement to $110,000 before a mass wave of liquidations hit it even harder, and it plunged to $101,000 on some exchanges, such as Binance.

After this flushout, the cryptocurrency bounced off and surged past $110,000 over the weekend. It kept climbing on Sunday and Monday, touching $116,000. Thus, it had regained $15,000 from the bottom in just a few days.

However, the bears reemerged on Tuesday morning. BTC was stopped at that resistance and pushed south by over four grand, slipping below $112,000 earlier today. It currently hovers around that level, as its market capitalization has dropped further to $2.235 trillion on CG.

Its dominance over the altcoins has regained some traction since yesterday and is up to 57.5%.

BTCUSD. Source: TradingView
Alts Bleed Out
The altcoins have been hit even harder in the past several hours. The recent high-flyer BNB, which tapped a new all-time high yesterday, has plummeted by over 11% and is close to breaking below $1,200 as of now. MNT and ZEC are the other double-digit daily losers.

Ethereum dropped to $4,000 after a 4% decline, XRP has slumped beneath $2.5 following a 6% drop, while DOGE is down to $0.20 after a 5.25% decrease. Further losses are evident from ADA, HYPE, XLM, and many others.

This substantial volatility has harmed over-leveraged traders again, as the total number of wrecked such market participants is well over 210,000 on a daily scale. The total value of liquidated positions has jumped to $630 million on CoinGlass.

Liquidations Data on CoinGlass

As FED Chair Jerome Powell’s speech on the U.S. economic outlook looms ahead, whales are bracing themselves for a potential market crash by shorting several altcoin positions.

Summary

Crypto whales are heavily shorting major altcoins ahead of Powell’s speech amid renewed trade tensions and market volatility on October 14 in Philadelphia.
The crypto community is preparing for potentially hawkish signals from the Fed, prompting them to hedge against downside risks and lock in profits amid fears of an imminent crypto market crash.

On Oct. 14, Federal Reserve Chair Jerome Powell is scheduled to deliver a speech covering the state of U.S. economy and monetary policy at the National Association for Business Economics annual meeting in Philadelphia.

According to the official calendar for the Board of Governors of the Federal Reserve System, the speech is set to take place at 12:20 pm local time and will be titled “Economic Outlook and Monetary Policy.”

Powell’s upcoming speech comes at a time of growing economic volatility, with global markets still reeling from renewed trade tensions between the U.S. and China after fresh tariffs reignited talk of a potential trade war.

The crypto market has also experienced a series of sharp corrections recently. Ethereum (ETH) has fallen below the $4,000 mark, while Bitcoin (BTC) is down 2.88% over the past 24 hours.

Meanwhile, the crypto fear and greed index dropped from a Greed level of 64 at the end of last week to a Fear level of 27 this weekend, its lowest in six months.

Whales have been shorting altcoin positions ahead of Jerome Powell’s speech on economic outlook | Source: Lookonchain
Traders are bracing themselves for more market volatility that is expected to accompany Powell’s speech. According to on-chain analysis platform LookOnChain, several whales on Hyperliquid (HYPE) are heavily deploying short positions on the market.

The first whale, 0x9eec9, with $31.8 million in profit, currently holds short positions in DOGE (DOGE), ETH, PEPE (PEPE), XRP (XRP) and ASTER (ASTER) worth around $98 million combined.

The other whale, 0x9263, has about $13.2 million in profits on-chain. The whale currently holds short positions on Solana and Bitcoin, totaling to about $84 million. Meanwhile, the Bitcoin OG whale has further increased its BTC short position to $492 million with a floating profit of $9 million.

Why are whales shorting ahead of Powell’s economic outlook speech?
More often than not, market sentiment spawned by moves made by the Fed usually have a major impact on the crypto market. From Powell’s speech today, whales could be expecting caution on monetary policy, which could signal whether the agency will delay rate cuts or maintain high rates to combat inflation.

One post by Lebanese-Australian entrepreneur and podcast host Mario Nawfal warned traders of “volatility” arising after Powell’s speech on October 14. A “hawkish” tone may serve to tighten liquidity, raise borrowing costs and put increased downward pressure on alternative asset such as metals and cryptocurrency.

As concerns of a crypto market crash begin circulating around the crypto community, many have resorted to shorting positions as a way to hedge against the potential of an imminent crash. Shorting provides traders with an opportunity to still gain profit if the market turns bearish.

With heightened uncertainty surrounding the content and implications of Powell’s speech, these whales may be locking in gains to play it safe, reducing the risk of being caught on the wrong side of the market in the event of a crash.

Following on from Friday’s mega-crash the Bitcoin price recovered as far as the $116,000 horizontal resistance level. Here it was rejected, and the price has since fallen to $112,000. Is the recovery still on, or was the crash the trigger for a further move to the downside?

$BTC price rejected from resistance - will support hold?

Source: TradingView

The Sunday/Monday $BTC recovery was in excellent shape until it hit the $116,000 horizontal resistance level. After a couple of attempts by the bulls to pierce through this barrier, they were soundly rejected and the $BTC price has since sunk back to the $112,000 support level.

Is this problematic for a continuation of the recovery? Not at all really. After a strong bounce there was bound to be some choppiness to the downside as well as up. That said, there are important levels to hold, and these would include the trendline, and the horizontal support at just under $109,000. 

With the Stochastic RSI indicators on their way down from the top, the bulls will be hoping that they can reach the bottom without pulling the price too far down. 

Support trendline increases in importance

Source: TradingView

The daily time frame helps to highlight the importance that the trendline has. The trendline is raised slightly in order to increase the amount of touch points. This does mean though that there isn’t a lot of downside to play with before the $BTC price comes back to test this trendline again. If the price falls through and confirms below, the $109,000 horizontal support level and the 200-day SMA are possibly all that remain to keep the price falling all the way to $100,000.

At the bottom of the chart, the Stochastic RSI indicators in the daily time frame are shaping to cross back up. The bulls will be hoping that this will indeed occur, and that this will signal upside price momentum.

$BTC rests on excellent support

Source: TradingView

While the current candle in the weekly time frame does look rather ugly, it is still very early in the week and it may look a lot different by the end of the week. 

What has been done in the weekly chart above is to draw attention to the excellent support that the $BTC price is resting on currently. The small green arrows highlight this support and show that $112,000 and $109,000 could continue to provide a base for the price going forward.

Given that the trendline has become increasingly important for upside price movement, the upper of the two horizontal supports is critical for a hold, although there is the possibility that the price could wick down to the lower support and still end up holding at $112,000. 

At the bottom of the chart, the Stochastic RSI indicators are angled down. This will need to change over the course of this week if the bullish scenario is to triumph. 

If the price does fall through these strong supports and confirms below, $100,000 could just be a pause on the way further down. This could eventually end up turning into a big double top, just like in the 2021 bull market, or the price may have already entered the bear market. This all still remains to be seen.

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

Ethereum’s Fusaka Rolls Out on Sepolia; Hoodi Testnet Up NextThe test follows a successful rollout on the Holesky testnet two weeks ago.Updated Oct 14, 2025, 8:51 a.m. Published Oct 14, 2025, 8:50 a.m.

Ethereum developers launched the second test of the upcoming Fusaka upgrade early Tuesday morning on the Sepolia network, marking another step toward the upgrade’s mainnet debut.

The test follows a successful rollout on the Holesky testnet two weeks ago. Developers plan one final rehearsal on the Hoodi network on Oct. 28, after which they’ll set a date to activate Fusaka on Ethereum’s main blockchain.

STORY CONTINUES BELOW

Coming only a few months after Ethereum’s major Pectra upgrade, Fusaka is designed to lower costs for institutions using the network. One of its key features, PeerDAS, allows validators to verify only portions of data rather than entire “blobs.” This improvement reduces bandwidth demands and helps cut costs for both layer-2 networks and validators.

Testnets like Sepolia play a crucial role in Ethereum’s development cycle, giving developers a reliable environment to test upgrades under real-world conditions before they go live on the main network.

Holesky, however, has begun to show signs of aging and is expected to be deprecated soon. Its successor, Hoodi, launched earlier this year, is designed to more closely mirror Ethereum’s mainnet. The upcoming Hoodi test is expected to be the most telling indicator yet of how Fusaka will perform once it goes live.

Read more: Ethereum to Close Its Largest Testnet, Holesky, After Fusaka Upgrade

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Societe Generale-FORGE and Bitpanda Expand Partnership to Bring Regulated Stablecoins to DeFi

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The move makes SG-FORGE’s euro and dollar stablecoins available to retail users across Europe through Bitpanda’s DeFi wallet

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Bitpanda will offer SG-FORGE’s EUR and USD CoinVertible stablecoins to retail users for the first timeThe partnership expands into decentralized finance, supporting lending and borrowing onchainThe collaboration may extend to Bitpanda’s Vision token and upcoming Vision ChainRead full story

XRP holders are facing fresh losses after the token slumped sharply overnight, erasing more than $10 billion in market value as both retail and whale selling cascaded through the market.

At press time on October 14, XRP was changing hands at $2.46, down 6.56% in the past 24 hours and more than 16% over the past week. The token’s market capitalization has fallen from $178 billion seven days ago to just $147.8 billion, underscoring the speed and depth of the decline.

XRP 1-week price chart. Source: Finbold
The sell-off comes amid a perfect storm of regulatory, technical, and macroeconomic pressures. In the United States, delays and uncertainty surrounding spot crypto ETF approvals continue to cloud sentiment, with reports of internal staffing changes at the Securities and Exchange Commission raising further doubts about the timeline. At the same time, renewed tariff tensions between Washington and Beijing have weighed on risk assets across the board, forcing investors to pare back exposure not only in equities but in digital assets as well.

XRP price prediction 2025
On the technical side, XRP’s rejection near the $2.90 resistance zone last week triggered a decisive breakdown below $2.70, and ultimately beneath the psychologically important $2.50 pivot point. That move was compounded by liquidations and stop orders, accelerating the downward momentum and leaving the chart vulnerable to further deterioration.

XRP ledger flows suggest the pressure has not been purely speculative. Since Friday, whale wallets have reportedly sold off more than 2.23 billion XRP, a sizable chunk relative to the current circulating supply of 59.91 billion tokens. With liquidity thinning, price action has become more volatile and more sensitive to macro news.

XRP’s total worth chart underscores the scale of the decline. On October 13 at 11:05 a.m., XRP’s market capitalization stood at $157.9 billion with daily trading volume above $10.3 billion. Within less than 24 hours, capitalization had collapsed to $147.4 billion while volumes slumped to $8.54 billion, marking a 16.7% drop in liquidity alongside the steep price retreat.

XRP 1-day market cap. Source: CoinMarketCap
The key question now is whether bulls can defend the $2.14 level, which coincides with both a historically significant demand zone and oversold conditions on daily momentum indicators. A successful defense could spark bargain hunting and a potential rebound toward $2.50. Failure to hold, however, risks opening a path toward $1.90, a level not tested since late summer.

Key NotesNew Bitcoin whales are seeing unrealized losses due to the latest correction.The indicator doesn’t clearly show where the market is going.US-based ETFs bleed further as Bitcoin drops below $112,000 again.
The market-wide uncertainty and bearish selloff with high liquidations doesn’t seem to be over yet. And now, new Bitcoin

BTC
$111 863

24h volatility:
3.0%

Market cap:
$2.23 T

Vol. 24h:
$74.36 B

whales will likely take the volatility a step further.

CryptoQuant CEO Ki Young Ju shared the unrealized profit ratio chart for new Bitcoin whales, which just turned into the loss zone, in an X post on Tuesday, Oct. 14.

Paper Bitcoin investors have just gone underwater. This doesn't tell us if it’s bullish or bearish, but one thing’s clear: volatility is coming. pic.twitter.com/SNtjSMYP3z

— Ki Young Ju (@ki_young_ju) October 14, 2025

According to the data, new Bitcoin whales have started to see unrealized losses as the asset plunged from its all-time high of $126,198. “Volatility is coming,” Young Ju wrote.

The CryptoQuant CEO claimed that the indicator can’t predict the next market movement. In June and July 2021, the red unrealized profit ratio for new Bitcoin whales triggered stronger accumulation, which pushed BTC price above an ATH of $68,000.

In February 2022, Bitcoin and the broader crypto market saw a strong selloff after the indicator went “underwater.”

Uptober Turned into Octobear
Bitcoin has been on a downward spiral amid expectations of high volatility. BTC dropped to $111,569 earlier today, Oct. 14.

The selloff comes as the US-based spot BTC exchange-traded funds recorded a net outflow of $326.4 million on Oct. 13, according to data from Farside Investors. The outflows majorly came from GBTC, BITB, and FBTC while BlackRock’s IBIT saw an inflow of $60.4 million.

Last week, the BTC-based investment products brought a net inflow of $2.71 billion.

Spot Ethereum

ETH
$3 993

24h volatility:
4.5%

Market cap:
$482.19 B

Vol. 24h:
$51.35 B

ETFs registered a deeper net outflow of $428.5 million, led by ETHA’s $310.1 million selloff. ETH also dropped 4% to $3,990.

On Oct. 12, Binance saw a USDT

USDT
$1.00

24h volatility:
0.0%

Market cap:
$179.96 B

Vol. 24h:
$154.62 B

inflow of roughly $1.4 billion, which eventually brought bullish momentum to the market. Over the past 24 hours, however, the largest crypto exchange saw a net outflow of just over 190 million USDT, according to CoinGlass data.

When stablecoins leave centralized exchanges, it usually means that market participants are experiencing fear, uncertainty, and doubt. The negative sentiment would, consequently, lead to market-wide selloffs.

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

Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.

Wahid Pessarlay on X

In the chaotic aftermath of last week's market-wide wipeout, one granular forensic stands out: order-book depth on major venues thinned to “air,” letting relatively modest market orders rip through price levels with almost no resistance. The phenomenon, captured by independent market analyst Dom (@traderview2) on X, is now central to a stark takeaway for XRP: under the same microstructure conditions, price can mechanically gap as easily to $1.19 as to $20.

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Bittensor (TAO) ripped as much as 33% after Grayscale filed a Form 10 with the U.S. Securities and Exchange Commission for the Grayscale Bittensor Trust.

If the filing becomes effective, the trust would begin reporting like a public company (10-K/10-Q with audited financials), shorten private placement lockups from 12 to 6 months, and pave the way for OTC quotation, the same playbook Grayscale used to scale access to BTC and ETH.

For TAO, the timing is important: it sits at the crossroads of two hot narratives, decentralized AI and institutional crypto. Easier, regulated access could channel new liquidity into TAO and legitimize the asset for treasuries, funds, and RIAs seeking exposure to on-chain AI infrastructure without custody headaches.

TAO's price trends to the upside on the daily chart. Source: TAOUSD on Tradingview
Bittensor (TAO) Price Action: Key Levels, Momentum, and What’s Next
Technically, TAO has staged a strong rebound from the $315 support, just above the 38.2% Fibonacci retracement at $307, and is now holding firm above $410, its highest level in weeks. The move above $327 and $405 confirms a breakout from the year-long falling-wedge structure, confirming a bullish momentum.

Momentum indicators reinforce this view: the RSI has climbed from the low 40s into bullish territory without showing signs of exhaustion, while the MACD has flipped positive after weeks of flattening, supporting the case for continued upside.

Spot volume has expanded sharply, but open interest remains subdued, suggesting that the rally is still largely spot-driven, a healthy backdrop that could amplify gains if sidelined traders chase the breakout.

Immediate supports now sit at $380, $355, and $327, while holding above $405 keeps the door open for a potential run toward $500 in the sessions ahead.

Institutions Accumulate as AI Thesis Strengthens
Away from the tape, institutional accumulation continues to build the floor. Since July, Nasdaq-listed TAO Synergies and xTAO (TSXV) have acquired roughly 83,649 TAO ($26–27M), with a portion reportedly staked at double-digit yields, reducing circulating supply.

Within the AI stack, Bittensor’s subnet design and on-chain incentives keep drawing developers and data providers, and sector trackers now place TAO among the top mindshare leaders in DePIN/AI.

Bottom Line
The breakout above $405 has confirmed the completion of the long-term falling-wedge pattern, a technical milestone that positions the token for a potential rally toward $500 in the near term. Market analysts note that if momentum persists, extension targets between $700–$900 remain firmly on the table.

On the downside, only a decisive daily close back below $355–$327 would weaken the bullish structure and risk pushing TAO into short-term consolidation.

Overall, the backdrop remains constructive. Grayscale’s SEC filing, steady institutional accumulation, and improving on-chain and technical signals have turned the Bittensor (TAO) outlook structurally bullish. As long as price holds above the $405 breakout zone, the path toward $500 appears increasingly credible.

Cover image from ChatGPT, TAOUSD chart from Tradingview

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Despite the largest ETF outflow in weeks and a sharp bitcoin price drop, IBIT continues to attract capital. Oct 14, 2025, 9:02 a.m.

U.S. spot bitcoin exchange-traded funds (ETFs) recorded their largest combined daily outflow since Sept. 26 on Monday, with $326.4 million exiting the market, according to Farside data.

However, BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot bitcoin ETF by assets on the market, bucked the broader trend by continuing to see inflows.

STORY CONTINUES BELOW

Over the past two trading sessions, IBIT has recorded $134 million in new inflows, even as bitcoin’s price fell from $122,000 to $107,000.

The fund has now logged 10 consecutive trading days of inflows. However, net inflows over the past two trading days were significantly smaller compared with the previous eight sessions, each of which saw at least $200 million in inflows. In contrast, the most recent sessions saw inflows drop sharply to $74.2 million and $60.4 million, respectively, according to Farside data.

Glassnode data shows that IBIT’s flows have closely mirrored bitcoin’s price action historically, with inflows rising during rallies and outflows following price declines. Since bitcoin reached an all-time high of $126,000 on Oct. 6 which was subsequently followed by a correction of roughly 20%, IBIT has seen consistent inflows, even as many other ETF issuers have experienced redemptions or no flows at all.

U.S. Market Returns Getting WeakerData from Velo shows that bitcoin’s performance during U.S. trading hours has weakened considerably, since bitcoin's all-time high.

In the first few days of October, the asset was up more than 10% during U.S. hours over the past month but that figure has since dropped to 1.7%.

Despite this decline, bitcoin continues to outperform during U.S. hours compared with trading sessions in Europe and Asia which are both in negative returns over the past month.

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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Total Crypto Trading Volume Hits Yearly High of $9.72T

Sep 9, 2025

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

What to know:

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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Bitcoin Slips Under $112K, ETH, DOGE Drop 6% as China Hits Back on U.S. Tariffs

2 hours ago

Total liquidations hit $630 million, with long positions making up two-thirds of the wipeout, according to CoinGlass.

What to know:

Bitcoin fell below $112,000 as China's trade measures against U.S. entities spurred risk-off sentiment globally.Asian stocks tumbled, with Japan's Nikkei experiencing its worst session in nearly two months, while U.S. and European equity futures also declined.Crypto markets saw significant losses, with Bitcoin dropping 3% and total liquidations reaching $630 million, highlighting their sensitivity to global macroeconomic risks.Read full story

The Chicago Mercantile Exchange (CME) Group has expanded its crypto derivatives by launching option products for Solana (SOL) and XRP. The new products were approved by the U.S. Commodity Futures Trading Commission (CFTC), which went live on October 13 on CME’s US platform. 

XRP and Solana Launch on CMEThe world’s largest derivatives marketplace has now introduced options on SOL and XRP, marking a major step in broadening its altcoin offerings. This means traders can now exchange these altcoin options on the CME exchange in the same way as trading Bitcoin and Ethereum.  

These newly introduced options allow traders to receive actual SOL and XRP futures, which are available in both standard and micro contract sizes. They have daily, monthly, and quarterly expiration. This move not only shows investors’ confidence in CME but also underlines the growing demand for XRP and Solana. 

CME’s Expansion with Crypto Derivatives Since 2017, after launching Bitcoin on its platform, CME has continued to expand its offerings and strengthen its crypto derivatives portfolio. It also plans to make its crypto futures and option products available 24/7 by early 2026. 

Moreover, CME also reported more than 540,000 contracts after its launch of Solana in March 2025, which surged to over $22.3 billion in volume. Meanwhile, XRP also saw rapid adoption, with 370,000 contracts traded and $16.2 billion in volume. So, this move of launching crypto derivatives is a direct response to this increasing demand. 

XRP & Solana PriceCurrently, both assets are experiencing a downturn in price and trading volume. XRP is trading at $2.45, marking a 6.73% drop from the previous day, while SOL is priced at $194.58 with a 1.20% dip. Followed by the fear of a trade war between the US and China, investors began selling their cryptocurrencies, which resulted in this plunge. 

However, some are still hopeful for bullish market sentiment as the deadline for crypto ETF approval nears. 

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The XRP ETF approvals may take longer than expected, as an expert clarifies that the upcoming October deadlines are largely procedural rather than launch dates. He also highlighted that the U.S. government shutdown needs to reopen for further progress.

SEC Review Timeline Misunderstood Amid Shutdown
In a recent X post, Greg Xethalis clarified the confusion regarding the SEC’s handling of spot crypto exchange-traded products. This includes those tied to XRP, Solana, and Litecoin.

Xethalis explained that while the 19b-4 filings technically became effective under the Generic Listing Standards (GLS), this doesn’t automatically trigger product launches. He noted that beyond the 19b-4 process, ETF issuers must still complete registration under both the Securities Act of 1933 (via S-1 filings) and the Securities Exchange Act of 1934 (via Form 8-A). 

Those filings typically require active review by the SEC staff. However, the commission put crypto ETF approvals on hold due to the U.S government shutdown.

“Basically, we’re waiting for the government to reopen,” Xethalis said. He added that while issuers can technically remove delaying amendments to activate their filings after 20 days, exchanges like NYSE Arca, CBOE BZX, and Nasdaq may still hold off on listings until the SEC formally resumes operations.

In short, the expert urged investors to ignore the October 19b-4 dates, emphasizing that they mark procedural milestones, not launch deadlines.

Once operations resume, the SEC is expected to turn its attention to a crowded calendar of XRP ETF proposals. The reviews include Bitwise, Canary Capital, CoinShares, and WisdomTree and are slated through October 24.

Furthermore, the SEC recently rescinded its delay notices for several pending spot crypto ETFs.  This includes those associated with Cardano (ADA), XRP, Solana (SOL), and other tokens.

Market Optimism Persists Despite Procedural Hurdles
Some experts are optimistic about the near-term outlook for XRP ETFs despite the slowdown. President of ETF Store, Nate Geraci, said the launch of XRP-linked funds is close. He noted that several issuers have filed amended S-1s, a key step toward final authorization.

Meanwhile, new filings continue to surface. On October 7, GraniteShares submitted paperwork for a 3x leveraged XRP ETF. This is designed to amplify long and short exposure to the asset.

Crypto attorney Bill Morgan suggested the move could “spark panic buying,” as traders anticipate a surge in institutional demand once leveraged products go live.

Institutional appetite for the altcoin remains robust even amid regulatory delays. According to CoinShares, XRP products recorded $61.6 million in inflows during the week ending October 13. This marked the 18th consecutive week of net gains. 

Once the government reopens and the SEC resumes normal operations, some experts expect the XRP ETF to be among the first to be cleared for listing.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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DUBAI, Oct 14 (Reuters) - The first 200 megawatts of a planned 5-gigawatt artificial intelligence campus in the United Arab Emirates should come online next year, an official from Abu Dhabi-backed cloud and AI firm G42 said on Tuesday.

The UAE, a major oil exporter, has been spending billions of dollars to become a global AI hub, looking to leverage its strong relations with Washington to secure access to technology.

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During a Gulf visit by U.S. President Donald Trump in May, the UAE signed a multibillion-dollar deal to build one of the world's largest data centre hubs in Abu Dhabi with U.S. technology. G42 said at the time that the project would be powered by nuclear and solar power, as well as natural gas.

DISCUSSIONS ONGOING FOR REST OF PROJECTTechnology giants Nvidia

(NVDA.O), opens new tab, OpenAI, Cisco

(CSCO.O), opens new tab, and Oracle

(ORCL.N), opens new tab, along with Japan's SoftBank

(9434.T), opens new tab, are working with G42 to build the first phase, known as Stargate UAE, set to go online in 2026.

"Building towards the (first) 1 GW, we have 200 MW that should come online next year," G42 acting group chief global affairs officer Talal Al Kaissi said at the AI and tech GITEX conference in Dubai.

"The rest of the four gigawatts, we're also in deep discussions with other hyperscalers from the U.S.," Al Kaissi said.

However, the deal to build the campus has not been finalised amid security concerns due to the UAE's close ties to China, Reuters has previously reported, citing sources.

Middle Eastern deals will require export licences from the Trump administration, and G42's past ties to China have drawn scrutiny in Washington due to concerns around Beijing's access to advanced semiconductors including via third parties.

Al Kaissi said he regularly visited Washington to support good working relations.

Reporting by Federico Maccioni. Writing by Ahmed Elimam. Editing by Mark Potter

Our Standards: The Thomson Reuters Trust Principles., opens new tab

The Net Unrealized Profit/Loss (NUPL) dropped to 0.50, its lowest since April, signaling that most traders have absorbed losses and selling pressure is easing.The Holder Net Position Change improved by 14%, turning less negative as long-term investors slowly return to accumulation after the crash.Bitcoin price must close above $125,800 to confirm a bullish breakout, while losing $111,100 could trigger a deeper correction toward $104,500.The Bitcoin price remains under pressure even after rebounding from its post-crash lows. Over the past 24 hours, BTC has slipped 1.4%, extending its weekly loss to nearly 9%.

While the market appears to have stabilized since the “Great Reset,” Bitcoin’s price structure still leans a tad bearish — and one key level (mentioned in this piece) could decide whether it finally flips bullish.

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On-Chain Metrics Hint at Stabilization, but Conviction Still LagsDespite the cautious price action, on-chain data suggests the foundation for recovery is forming.

The Net Unrealized Profit/Loss (NUPL) — a metric showing whether investors are sitting on paper profits or losses — dropped to 0.50 on October 11, its lowest level since April. This shows most traders have absorbed their losses, often a sign that the selling phase is near exhaustion.

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Bitcoin Unrealized Profit Made A Local Low: GlassnodeThe last time NUPL moved close to this level was on September 25, when Bitcoin formed a local bottom around $109,000 and rebounded to $124,000 within two weeks. That’s a 14% rise.

The Holder Net Position Change, which tracks how much Bitcoin long-term investors are buying or selling, is also improving.

It turned less negative after the crash, rising from –24,506 BTC on October 10 to –21,172 BTC by October 13 (a 14% improvement) — showing that long-term holders are gradually returning to accumulation. That shift means the heavy selling pressure seen during the liquidation phase is easing. Yet, the conviction lags until the net position change flips green or buyer-specific.

Bitcoin Long-Term Investors Start Slow Buying: GlassnodeSponsored

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Shawn Young, Chief Analyst at MEXC Research, told BeInCrypto that the crash or the reset marked a necessary “cleansing” moment for the market:

“In many ways, the “Great Reset” has strengthened Bitcoin’s fundamental narrative”, he said

Young also highlighted the key cleansing catalyst here:

“Bitcoin’s swift recovery towards $115,000, following the largest liquidation event in crypto history, reveals how resilient and mature the market has become. The $20 billion leverage wipeout that followed President Trump’s tariff announcement was a wake-up call for traders, revealing how fragile risk sentiment can become. The forceful unwinding removed a substantial layer of speculative exposure, effectively cleansing the system and setting the tone for a more sustainable uptrend movement”, he added.

Young’s exclusive commentary to BeInCrypto highlights catalysts beyond hodler net position change and NUPL:

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“U.S. spot Bitcoin ETFs only recorded a modest outflow of over $4 million and still saw over $2.7 billion in weekly inflows, signaling that smart money is still betting on Bitcoin’s safe-haven and debasement trade narrative”, he highlighted.

Together, the data suggest that while short-term sentiment is cautious, structural strength is quietly returning beneath the surface.

Bitcoin Price Still Bearish — $125,800 Breakout Could Flip TrendOn the daily chart, Bitcoin continues to trade inside a rising wedge — a pattern that often signals indecision or exhaustion after a strong rally. Following the crash, BTC found support near $111,100 (0.236 Fibonacci level), where buyers have repeatedly defended the level.

Since then, the price has hovered between $113,900 and $115,100, with momentum capped below $119,200. As the first hurdle, the Bitcoin price needs a daily close above $115,100 to gain some strength. Yet, a clean daily close above $125,800 remains the key level to watch for the entire structure to turn bullish.

That would confirm a breakout above the wedge’s upper boundary and could open the path beyond $126,200, Bitcoin’s previous all-time high.

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Bitcoin Price Analysis: TradingViewIf momentum strengthens beyond that, the Fibonacci extension targets point toward $136,400 as the next potential leg higher.

Shawn Young’s commentary also validates this chart-led view:

“Should BTC continue to hold above the $110,000 support zone, we could see momentum rebuild towards retesting and breaching $126,000, a move which unlocks the path to $130,000 as the market re-prices growth expectations”, he mentioned

However, until such a breakout occurs, Bitcoin’s trend remains fragile. Failure to clear $119,200 could invite renewed selling, while losing $111,100 would risk deeper corrections toward $104,500 and $102,000.

Young said Bitcoin’s short-term trend remains downward, but also highlighted some key levels:

“BTC now seems to be in a downward trend in many short-term time frames and needs to break above $120,000 again to invalidate these bearish setups. A break above $122,000 would confirm that the market has fully absorbed the impact of last week’s market storm and is ready to make new market highs”, he added.

Disclaimer

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

Bhutan has transitioned its National Digital Identity (NDI) system to the Ethereum blockchain, enhancing transparency and advancing digital modernization. This move allows nearly 800,000 citizens to securely verify their identities and access government services.. 

NDI Integration to Ethereum in Bhutan On Monday, Bhutan Times reported that His Royal Highness (Crown Prince of Bhutan) Gyalsey Jigme Namgyel Wangchuck attended the announcement event for the integration of Ethereum into NDI. The government plans a full migration by Q1 2026 with serious security perks. 

This new system puts users in control of their digital ID through a mobile wallet backed by biometric authentication. This decentralization eliminates unauthorized access, ensuring privacy and safety.

Secretary of the GovTech Agency, Jigme Tenzing, said this move holds stability and security for digital identity in the country. He further stated, “By moving to Ethereum, we are further strengthening the security of our digital identity. Ethereum is one of the most decentralised blockchains in the world, making it virtually impervious to disruption.” 

This NDI system was initially launched in 2023 under Gyalsey Jigme Namgye, who then became the country’s first digital citizen. 

Bhutan As a Trailblazer in DigitalizationEthereum Foundation President Aya Miyaguchi said this integration is not merely a national achievement for Bhutan, but it also marks a global success. It opens doors for a more open and secure digital future for the long term, positioning Bhutan as the digital hub leader. 

Another reason for this integration is to have access to developers and coders who can build use-case applications for Bhutan residents through the Ethereum Foundation platform. The CEO of Druk Holding and Investments (DHI) confirmed that numerous applications could be built on this platform. 

Meanwhile, the Prime Minister of Bhutan said this integration demonstrates that Bhutan is enhancing its security, transparency, and resilience in the digital infrastructure.  

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.

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Ripple is turning hackers into heroes. The blockchain company behind XRP has launched a $200,000 “Attackathon” with security platform Immunefi, inviting researchers worldwide to find flaws in the new XRPL Lending Protocol before it officially goes live.

Ripple says this competition is part of its plan to make the XRP Ledger the safest foundation for institutional DeFi.

Why Ripple Wants Hackers to Try Breaking XRPLThe XRPL Lending Protocol marks a new chapter for Ripple’s ecosystem. Unlike traditional DeFi lending, which relies on smart contracts or collateral, XRPL introduces off-chain credit checks, letting institutions use their own risk systems while keeping transactions transparent on-chain.

This unique setup is meant to make lending more accessible to banks and regulated firms, but it also demands extreme security. 

That’s why Ripple wants hackers to get involved before the system handles real money.

“Security through transparency is how trust is built,” Ripple engineers explained. “We’d rather fix vulnerabilities now than after institutions start using it.”

Inside the $200K ChallengeThe Attackathon runs from October 27 to November 29, with an education period starting October 13 to help new participants learn XRPL’s framework.

Developed in C++, the program rewards any researcher who finds a valid bug, and if even one serious flaw is found, the entire $200,000 pool is paid out.

If not, participants still share a fallback pool of $30,000, a clever way to reward deep, honest research over surface-level findings.

Ripple and Immunefi are also offering an Attackathon Academy, complete with live sessions from Ripple engineers, XRPL-specific guides, and a test environment so even beginners can dive in.

Bugs and Features in FocusThe competition focuses on key areas like liquidation logic, interest accrual, clawback systems, vault interactions, and permissioned access control. Each of these plays a crucial role in the protocol’s fund security and stability.

If the XRPL Lending Protocol proves reliable after this stress test, it could become a blueprint for safer, permissioned DeFi, one where transparency, regulation, and blockchain innovation finally meet.

So yes, Ripple is asking the world to attack XRPL. But it’s not a sign of weakness. It’s a sign of confidence.

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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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Metaplanet stock tumbles 12% on Tuesday as the firm’s value falls below its total Bitcoin holdings for the first time. Asia’s largest corporate Bitcoin holder faces heat after the recent crypto market crash, which dragged BTC price below $110,000.

Metaplanet Stock Falls 12% Today
Metaplanet stock closed 12.36% lower at 482 JPY on October 14, recording an intraday low and high of 480 and 534, respectively. Trading volume was significantly higher at 61 million, compared to the average volume of 46 million, indicating that traders opened short positions on the stock.

Both Japan-listed 3350 and US-listed MTPLF stocks are now down more than 75% from their all-time highs (ATH) in June, as per Yahoo Finance data. Stock tumbled more than 18% during the Bitcoin price crash to $104,582 last Friday.

Metaplanet stock may face more selling pressure as it formed a “death cross” on the daily timeframe. A “death cross” forms when the 50-MA (blue) crosses below the 200-MA (red).

Metaplanet Stock’s “Death Cross” Formation. Source: Trading View
Metaplanet’s Enterprise Value Slips Below Bitcoin Holdings
The Tokyo-listed hotelier has accumulated 30,823 BTC worth $3.47 billion in its corporate treasury, achieving a yield of 496.4% YTD. It became the fourth-largest Bitcoin holder after purchasing 5,268 BTC worth $615 million at an average price of $116,870 per coin. The firm sits on an unrealized profit of 322.48 million, according to the company’s data.

However, the continued fall in its stock from an all-time high of 1,930 in mid-June has impacted investors’ sentiment. Today, the company’s mNAV, the ratio of its market capitalization and debt to its Bitcoin holdings, drops to 0.99.

Metaplanet mNAV
As CoinGape reported earlier, the firm faced massive shorting from financial giants such as Morgan Stanley, UBS, Jefferies, and JPMorgan. Institutions could open shorts on Metaplanet stock again amid concerns over falling enterprise value below its Bitcoin holdings and “death cross.”

BTC price fell 3% in the past 24 hours, with the price currently trading at $112,198. The 24-hour low and high were $111,569 and $116,020, respectively. Furthermore, the trading volume has decreased by 18% in the last 24 hours, indicating a decline in interest among traders.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Peter Brandt calls XRP’s chart “pure” as analysts point to strong technical patterns and liquidity levels.

Peter Brandt, a veteran trader known for his chart analysis, described the XRP chart as “pure” in a recent post. His comment referred to the asset’s long-term price movement, which has followed clear and repeatable technical patterns.

Clear Structure in Multi-Year Chart
Brandt pointed to a symmetrical triangle formation between 2014 and 2017. XRP broke out of that pattern in late 2017, which led to a price rally that peaked above $2. After this move, the asset entered a new phase of sideways movement from 2018 to mid-2025, forming what appears to be an ascending wedge.

As a student of classical charting principles and history, has there ever been a purer long-term chart? $XRP pic.twitter.com/rbA2Mp955A

— Peter Brandt (@PeterLBrandt) October 13, 2025

Notably, that structure also broke to the upside, taking XRP to a new all-time high of $3.65. At the moment, the price is trading just under the 200-week moving average, near $2.83. This level is acting as resistance while the price consolidates.

Crypto analyst CrediBULL Crypto said the chart remains one of the strongest in the space.

“This has been my bias for a while and nothing has changed in the last 48 hours,” they wrote. They expect XRP to move into double-digit territory before the current cycle ends.

A similar view came from EtherNasyonaL, who compared today’s structure with past cycles. In both cases, XRP broke a long-standing resistance and returned to retest an earlier support area. “Don’t underestimate XRP,” the analyst said, pointing to a consistent upward trend over time.

Source: EtherNasyonaL/X
Trading Range and Key Liquidity Zones
XRP was priced at $2.45 at press time, down 6% in the past 24 hours and 18% over the last week. Despite this, volume data shows strong interest around $2.50, which is now a key price level.

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Ripple (XRP) Gains 160% After $20B Liquidation Shocker – What Lies Ahead?

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

XRP Whales Offload $50M Daily: Sell Pressure Threatens Price Drop

Cryptoinsightuk shared liquidity charts for XRP. The hourly chart shows heavy buy orders near $2.20–$2.40 and sell pressure around $2.60–$2.80. The daily chart shows the same levels, with the $2.50 zone being the most active.

$XRP hourly and daily liquidity pic.twitter.com/GnAuhRtjhJ

— Cryptoinsightuk (@Cryptoinsightuk) October 14, 2025

XRP’s recent drop happened as global markets settled, with less aggressive talk around trade issues. While short-term volatility continues, market watchers are tracking how XRP reacts near current levels. The focus is on whether price can push through resistance to confirm the longer trend.

The interoperability layer designed for decentralized finance aims to introduce 'a singular access point' for blockchains.

BNB is back near $1,300 after a sharp rebound, but the asset may not be done yet as one analyst thinks a run all the way to $2,400 is possible.

BNB Has Been Rising Since Parallel Channel Breakout
Much like the rest of the cryptocurrency sector, BNB suffered a price crash on Friday, but while the rest of the market has been unable to make a full recovery, the altcoin has already retraced to the pre-crash level, and surpassed it.

Earlier on Monday, the coin even managed to set a new all-time high (ATH) above $1,370. Thus, it would appear that unlike Bitcoin, the coin’s ATH exploration period hasn’t cooled off yet.

And it’s possible that BNB will only climb further in the near future, if the technical analysis (TA) pattern shared by analyst Ali Martinez in an X post is anything to go by.

The pattern in question is a Parallel Channel, which forms whenever an asset’s price observes consolidation between two parallel trendlines. The upper level of the pattern acts as a resistance barrier, while the lower one provides support. Together, they keep the price locked inside the channel.

When one of these levels fails to hold, the asset can witness a continuation of trend in that direction. A surge above the resistance line is naturally a bullish signal, while a fall under the support a bearish one.

The 3-day price of BNB was stuck inside a Parallel Channel for a few years before it found a breakout earlier this year, as the chart shared by Martinez shows.

The price of the coin seems to have been climbing since the breakout | Source: @ali_charts on X
Since the breakout, BNB has been exploring new highs, implying the bullish effect of the Parallel Channel resistance break may be in effect. From the graph, it’s apparent that the coin has so far climbed up half as much distance as the width of the channel.

Generally, Parallel Channel breakouts are considered to be of the same length as the width of the channel. If the cryptocurrency is following this pattern, then it may be targeting the level a full height above the channel. “It looks like BNB wants to push toward $2,400!” notes the analyst.

A surge to this target of $2,400 from the current level would imply an increase of almost 89% for the coin. It now remains to be seen whether the asset will follow this path suggested by the Parallel Channel.

In another X post, Martinez has pointed out that the 1-day price of Bitcoin has also been traveling inside a Parallel Channel for the last few months.

The channel that the daily price of BTC has seemingly been following | Source: @ali_charts on X
As displayed in the chart, Bitcoin is trading near the midline of the Parallel Channel after its plunge. It will now be interesting to see whether it continues its decline to the $100,000 lower level or not.

BNB Price
At the time of writing, BNB is trading around $1,270, up 4% over the last week.

The price of the coin has shot up over the past month | Source: BNBUSDT on TradingView
Featured image from Dall-E, charts from TradingView.com

The digital asset market is shifting fast, and both Solana and Bitcoin are again in focus. Analysts expect a rebound across the top altcoins, with MAGACOIN FINANCE also drawing attention as traders seek fresh opportunities after the recent pullback.

Solana Price Prediction: Can SOL Hold the $217 Level?
Solana price sits near $217, a key level that traders are watching closely. The coin has pulled back after recent gains but remains inside its longer-term rising structure. A clean reaction above $217 could set up a return toward $230–$235, which has acted as a ceiling for weeks.

Analysts note that defending this area keeps Solana’s broader uptrend alive. If buyers take control near this level, the next wave higher could reach $240 and possibly $250 as confidence returns to the market.

However, if price breaks below $210, a dip toward $200 is still possible before the next attempt higher. The current consolidation shows that traders are cautious but not ready to abandon the bullish setup yet.

Overall, Solana price prediction remains optimistic as long as it stays above $210–$217. The coin continues to attract participants looking for medium-term upside if Bitcoin begins to rise again.

Bitcoin Price Prediction: Bulls Eye $120K Recovery
Bitcoin price dropped from its $126,000 high and briefly tested the $102,000 zone. Analysts say this move is part of a normal reset after the market’s strong rally.

Data from Glassnode shows that a large number of traders accumulated Bitcoin around $117,000–$119,000, suggesting demand remains healthy. Experts like Stockmoney Lizards and Ted Pillows believe that after this “flush,” Bitcoin will likely turn higher again.

If Bitcoin holds above $118,000, the next recovery phase could push prices back toward $125,000–$130,000. The recent drop in futures open interest by $4.1 billion also indicates that leveraged positions are cooling off, which often clears the path for steadier price growth.

For now, the Bitcoin price prediction favors a recovery once short-term pressure eases. Many traders view this dip as a setup for a stronger fourth-quarter rally.

MAGACOIN FINANCE: The New Altcoin to Watch
As Solana and Bitcoin draw attention, MAGACOIN FINANCE is fast becoming a name to watch. Analysts say it could see the strongest price action once Bitcoin rebounds, which makes it one of the best crypto presales right now.

Because it’s newer and has a low market cap, this altcoin is seen as more agile and better positioned to react when major coins start moving. If Bitcoin gains 20%, MAGACOIN FINANCE could rise between 200% and 2,000%, according to early projections.

Those who missed the Dogecoin run in 2021 are watching this project closely as a new opportunity in the market.

MAGACOIN FINANCE is audited by CertiK and HashEx, adding credibility and user confidence to its ecosystem.

What Traders Should Do Now
Traders watching Solana and Bitcoin should keep an eye on the $217 and $118K zones. A recovery from these levels could trigger a wider market rally. For those looking for early movers, MAGACOIN FINANCE may offer a new entry point before broader adoption begins.

Website: https://magacoinfinance.com
X: https://x.com/magacoinfinance
Telegram: https://t.me/magacoinfinance

This article does not constitute financial advice. Cryptocurrency investments carry risk. Always do their own research (DYOR).

Authored by NewsBTC, https://www.newsbtc.com/news/solana-price-prediction-analysts-expect-250-recovery-if-bitcoin-regains-120k

1 hour ago

The Hyperliquid “insider whale” has now put down almost half a billion on a new Bitcoin short at 10x leverage, as the community continues to speculate who they are.

1873

The Hyperliquid whale that banked $192 million shorting the recent market crash has doubled down on their new short position, having now loaded up almost half a billion over the past two days.

According to data from Hyperliquid block explorer Hypurrscan, the whale now has a short position worth around $496 million, at 10x leverage and a Bitcoin (BTC) liquidation price of $124,270.

Mysterious whale doubling down on their Bitcoin short. Source: HypurrscanThe whale has more than doubled their bet since yesterday, after initially opening the position with $163 million. It marks yet another aggressive move betting against the market over the past week. 

The crypto investor shot up on the radar two months ago with a whopping $11 billion worth of BTC in their holdings. Last week, they opened up $900 million worth of shorts on BTC and Ether (ETH).     

The whale gained attention again after opening a curiously timed short position less than an hour before US President Donald Trump’s tariff announcement on Friday, which led to the crypto market crashing in its aftermath. 

The community has dubbed the wallet owner as “insider whale,” given the strange timing of the short. 

Who is this infamous whale? The identity behind the wallet has not been confirmed; however, blockchain sleuths over the weekend pointed to a potential connection to Garrett Jin, the former CEO of BitForex, a now-defunct crypto exchange.

While crypto researcher Eye initially alleged that it was Jin, which led Binance CEO to repost the thread on X and request verification, later commentary from sleuths like ZachXBT suggested it was more likely to be one of Jin’s friends.

Jin essentially confirmed the connection on Sunday, after he fired back at CZ on X. 

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

Less than 20 minutes later, Jin followed up with another post stating that “the fund isn’t mine — it’s my clients’. We run nodes and provide in-house insights for them.”

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

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Although the Bitcoin price surged to $115,000 levels following last Friday’s crypto market crash, outflows from the spot Bitcoin ETFs surged to $326 million. This seems that institutions have been selling on the BTC price rally. On the other hand, BlackRock CEO Larry Fink has urged caution over retail BTC investments, sparking a wave of skepticism in the market.

Bitcoin ETF Outflows Shoot to $326 Million
On Monday, October 13, the net outflows from the spot Bitcoin ETFs surged to a massive $326 million, marking the biggest outflows after the crypto market crash on October 10. Almost all of the spot ETFs in the US saw net outflows except for the BlackRock iShares Bitcoin Trust (IBIT).

Source: Trader T
BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), recorded net inflows of 522 BTC, worth $60.3 million, according to data from Farside Investors. The fund’s daily trading volume reached $4.7 billion, underscoring continued strong institutional activity around Bitcoin.

So far, October has been a strong month for BTC ETFs, netting more than $5 billion in inflows during the first week itself. However, crypto market volatility has swept in once again with Trump announcing 100% tariffs on China just before last weekend. As a result, the inflows have slowed down, eventually ending up in the negative territory.

BTC Price Rally Sees Profit-Booking
Amid the current BTC price volatility, investors are opting for profit-booking as Bitcoin attempts a rally to $120,000. As of now, BTC is trading 1.6% down to $112,636 levels with daily trading volumes also dropping 23% to $71.47 billion. The Trump Insider whale has also increased its short position, leading to market skepticism.

Popular crypto analyst Altcoin Sherpan noted that with consistent selling, BTC price can find support at $110,000, before deciding on the next course of trajectory.

slow consistent selling for $BTC…

If this continues, green box is where I would look for some support. https://t.co/2LGhS0pYJS pic.twitter.com/PmVv14Lx8q

— Altcoin Sherpa (@AltcoinSherpa) October 14, 2025

In addition to Bitcoin, the pullback is visible across the broader crypto market. On-chain data shows that crypto whales have been shorting XRP, DOGE, and PEPE recently.

BlackRock CEO Urges Caution on BTC Frenzy
BlackRock CEO Larry Fink has once again expressed cautious support for cryptocurrency investments. In an interview with CBS on Sunday, Fink acknowledged his past remarks from October 2017, when he had described Bitcoin as an “index of money laundering.” He clarified, “I did say Bitcoin, because we were talking about Bitcoin then, was the domain of money launderers and thieves.”

“But you know, the markets teach you, you have to always relook at your assumptions. There is a role for crypto in the same way there is a role for gold, that is, it’s an alternative,” added Fink.

Despite this, Fink also urged for caution from retail investors “For those looking to diversify, it is not a bad asset, but I don’t believe that it should be a large component of your portfolio,” he added.

The largest global asset manager has already tasted pretty good success with its Bitcoin ETF IBIT. Ever since the launch in January 2024, its assets under management have soared to $94 billion.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

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Bullish Bitcoin Traders Eye Chart Patterns From 2020 and 2024 After Weekend’s $20B LiquidationsSimilar washouts in 2020, 2021, and 2024 reset leverage and paved the way for recoveries in the weeks that followed, giving similar hopes to some market participants.Updated Oct 14, 2025, 6:56 a.m. Published Oct 14, 2025, 6:12 a.m.

Bitcoin and ether traders remain in wait-and-watch mode after last week’s tariff shock wiped nearly $20 billion in leveraged positions over the weekend, denting confidence and risk-on sentiment among a majority of market participants.

The market’s mood has since shifted from panic to fragile optimism as both Washington and Beijing toned down their rhetoric, offering a brief pause in what had looked like a brewing trade war.

STORY CONTINUES BELOW

Bitcoin BTC$112,071.55 rose 1.3% in the past 24 hours to about $113,000, while ether ETH$4,006.73 traded near $4,100 after briefly crossing $4,200 overnight. Solana SOL$195.43 added 2.9% to $201.8, XRP gained 2%, and DOGE$0.1989 climbed 2.3% to $0.20. The broad market capitalization stands at $3.9 trillion — still about 6% below pre-crash levels, but up 4.4% from Sunday’s lows, data shows.

The mood is improving, if unevenly. The crypto fear and greed index bounced to 38 from Sunday’s extreme reading of 24, signaling traders are tiptoeing back in. FxPro’s Alex Kuptsikevich called Friday’s collapse “an emotional flush” that forced out weak positions across exchanges:

“The sell-off began as a reaction to tariff headlines, but it escalated into a wave of forced liquidations. Such sweeping moves often mark the market’s short-term bottom — though healing takes time,” he said in an email to CoinDesk.

Friday’s crash, which took bitcoin below its 50- and 200-day moving averages, has historical echoes. Similar washouts in 2020, 2021, and 2024 reset leverage and paved the way for recoveries in the weeks that followed. But in 2022, it took months for confidence to return — a timeline that bargain hunters are now weighing carefully.

Over the weekend, China’s Ministry of Commerce clarified that its rare-earth export curbs were not blanket bans, saying applications would still be licensed. Trump echoed that softer tone, posting that the “U.S.A wants to help China, not hurt it.”

Betting markets on Polymarket now price just a 15% probability of 100% tariffs by November 1, down sharply from 26% at the end of Friday.

The shift eased pressure across risk assets. U.S. equities recouped part of Friday’s loss, and crypto followed in a familiar pattern in recent months where digital assets have tracked macro sentiment rather than decoupling from it.

Meanwhile, The Kobeissi Letter described the crash as “a technical event, not a structural one,” driven by cascading margin calls rather than a fundamental shift in positioning.

Analyst Frank Fetter added that crypto markets “remain far from overbought,” leaving room for a potential relief rally if volatility stays contained.

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XRP Fades Below $2.60 as $63M Whale Sales Hit Binance

1 hour ago

raders are monitoring the $2.55 support and $2.65–$2.66 resistance zones for potential market shifts.

What to know:

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Bhutan has migrated its national digital identity system to the Ethereum blockchain, marking a historic step toward decentralized public infrastructure.

Summary

Bhutan becomes the first country to anchor its national ID on Ethereum.
The migration builds on its prior integrations with Polygon and Hyperledger Indy.
Full transition expected by Q1 2026 under Bhutan’s Digital Drukyul program.

Bhutan has begun migrating its National Digital Identity system to the Ethereum blockchain, becoming the world’s first nation to anchor a population-wide digital ID on a public network. 

The milestone was confirmed on Oct. 13 by Ethereum (ETH) Foundation President Aya Miyaguchi, who attended the launch ceremony in Thimphu alongside co-founder Vitalik Buterin and Crown Prince Jigme Namgyel Wangchuck, Bhutan’s first registered “digital citizen.”

From pilot to public blockchain
The NDI system, introduced under Bhutan’s National Digital Identity Act of 2023, allows citizens to manage and verify their credentials through self-sovereign identity tools, enabling secure access to services without exposing personal data.

Initially developed on Hyperledger Indy, it was moved to Polygon in 2024 to enhance privacy and scalability through the use of the CREDEBL protocol and zero-knowledge proofs.

The final step to Ethereum marks a move from permissioned infrastructure to an open, global network. According to the GovTech Agency, integration is complete, and full migration of credentials will be finalized by Q1 2026. The system uses cryptographic hashes and verifiable credentials anchored on-chain while keeping sensitive data off-chain. 

This approach combines decentralization with national governance norms to offer auditability, resilience, and privacy. At the launch, Miyaguchi described the event as “a global step toward an open and secure digital future,” aligning with Ethereum’s tenth anniversary and Bhutan’s goal of creating a trust-based digital society.

Digital sovereignity and Ethereum integration
The migration is a reflection of Bhutan’s larger “Digital Drukyul” vision, which aims to create national structures that strike a balance between innovation and sovereignty. With the help of the Ethereum Foundation and Bhutan’s GovTech Agency, the project will expand on-chain services like identity verification and safe cross-border apps by holding hackathons and developer initiatives.

The NDI program also connects with Bhutan’s growing crypto initiatives. Earlier in 2025, Gelephu Mindfulness City added BTC, ETH, and BNB to its reserves, while a crypto tourism payment system was launched in partnership with Binance. These improvements demonstrate Bhutan’s forward-thinking use of blockchain technology for both economic growth and governance.

While other nations like Brazil and Vietnam are testing self-sovereign identity pilots, Bhutan’s full-scale implementation positions it as a pioneer in decentralized public infrastructure.

Bhutan is the first country to launch a national digital identity system on Ethereum.The country’s leadership says the move will enhance transparency, immutability, and privacy for citizens.Bhutan, a major Bitcoin holder, is also seeking to position itself as a global leader in digital assets.Bhutan is now the first country to use the Ethereum network to operate a national digital identity system.

Ethereum Foundation head Aya Miyaguchi confirmed the news on her X account, stating that she attended the launch ceremony for Bhutan’s National Digital Identity (NDI) system.

Why Bhutan Is Adopting Ethereum for Its NDIThe Ethereum-based identity system is now fully operational. All authentication information will be migrated by the first quarter of 2026.

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Bhutan’s King Jigme Khesar Namgyel Wangchuck, Prime Minister Lyonchen Tshering Tobgay, and Ethereum co-founder Vitalik Buterin attended the launch ceremony, among others.

Source: @Aya MiyaguchiPrime Minister Tobgay said the nation has set a new milestone in becoming a leader in digital governance by launching NDI on Ethereum. He explained that the goal was to leverage Ethereum’s globally distributed, decentralized infrastructure. This would enhance Bhutan’s key systems’ security, transparency, and availability.

He added that the milestone underscores the country’s vision to create an interoperable, user-owned identity system. This system will connect Bhutan to the global ecosystem and support the King’s vision for a safe, inclusive, and digitally empowered society.

Global Leader in Digital AssetsMiyaguchi emphasized that the integration of Ethereum is a world first. She stated that “this milestone marks not only a national achievement but a global step toward a more open and secure digital future for the long term.”

After its 2023 election, Bhutan’s NDI became the world’s first and only national system to provide self-sovereign identity (SSI) to its entire population. The country had been operating its identity system on the Polygon network since August last year, after using Hyperledger Indy. The shift to Ethereum was a decision to enhance transparency, immutability, and privacy.

The Bhutanese government aims to migrate its entire NDI platform to Ethereum by early 2026. Once the platform is complete, citizens can use cryptographic proof for authentication instead of traditional ID checks. This will allow them to prove specific things about themselves without revealing their personal information.

Bhutan has recently been accelerating the adoption of digital assets. The country directly mines Bitcoin using its hydropower plants and currently holds 11,286 Bitcoin, worth approximately $1.31 billion. This makes Bhutan the fifth-largest national holder of Bitcoin after the US, China, the UK, and Ukraine.

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