XRP clawed back $30 billion in market value after last week’s tariff-driven collapse, ripping from $2.37 to $2.58 on explosive institutional volume. The rebound printed one of the year’s heaviest sessions, confirming aggressive dip-buying as traders reposition ahead of fresh macro headlines. News Background The recovery follows a 50 % wipe-out triggered by President Trump’s … Read more
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. We’ve probably all heard this phrase: “Once is an accident, twice is a coincidence, three times is a pattern.” The old saying is perfectly applicable to the bitcoin (BTC) market, where the crash on Friday marked the third time bulls failed … Read more
Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Bitcoin is trading at $115,157, steady after a volatile weekend which … Read more
Tether CEO Paolo Ardoino said in a post on X on Sunday that “Bitcoin and Gold will outlast any other currency,” a minimalist line that aligns with how the stablecoin issuer has positioned parts of its reserves over the past two years. On May 17, 2023, Tether said it would regularly allocate up to 15% … Read more
Friday’s crypto sell-off was a fast, leverage-driven cascade that crushed altcoins while bitcoin held up comparatively better — and the next phase hinges on a handful of signals, according to Wiston Capital Founder Charlie Erith. In a Sunday post titled “Crypto Crumble,” Erith said the market excluding bitcoin, ether and stablecoins fell about 33% in … Read more
Binance has voluntarily announced compensation for users who incurred losses due to platform’s disruptions late Friday that triggered a significant price crash in wrapped beacon ether (wBETH), Binance Staked SOL (BNSOL), and Ethereum’s synthetic dollar USDe. “Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have … Read more
A modest reversal from Friday evening’s carnage in crypto markets is underway after some calming trade war-related remarks from both Beijing and Washington. The walk-backs began late Saturday when China’s Ministry of Commerce said its rate-earth export controls are not blanket bans, and that eligible applications will continue to receive licenses. The agency further said … Read more
As the final quarter of 2025 gets underway, investors are entering a historically favorable period for crypto markets — particularly for bitcoin (BTC), which has delivered an average Q4 return of 79% since 2013. According to a new report from CoinDesk Indices, several factors may help that trend repeat, including monetary easing, surging institutional adoption … Read more
Picture someone’s first day in crypto. They heard the promises about owning their own money, accessing global markets, and participating in the new economy. They download a wallet, buy some ETH, and find an interesting app. Then it happens. “Please switch to the Base network.” What? They Google frantically, watch a YouTube tutorial, and maybe … Read more
China’s Ministry of Commerce (MOFCOM) says its new rare-earth export controls are lawful national-security steps — not blanket bans — and that licenses will be issued for eligible civilian trade, according to a spokesperson’s Q&A posted on X Sunday morning local time. Rare earths — a group of 17 elements used in permanent-magnet motors for … Read more
Friday’s sell-off triggered what Bitwise portfolio manager Jonathan Man called the worst liquidation event in crypto history, with more than $20 billion wiped out as liquidity vanished and forced deleveraging took hold, in an article on X published Saturday. Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with no expiry that mirror … Read more
Auto-deleveraging is the emergency brake in crypto perpetuals that cuts part of winning positions when bankrupt liquidations overwhelm market depth and a venue’s remaining buffers, as Ambient Finance Founder Doug Colkitt explains in a new X thread. Perpetual futures — “perps” in trading shorthand — are cash-settled contracts with no expiry that mirror spot via … Read more
Coinbase is preparing to launch a new American Express credit card in the U.S. this fall, and everything about it — from the design to the rewards — seems tailored to bitcoin enthusiasts. A card built around bitcoin’s origin story Unlike most crypto-linked cards, Coinbase’s upcoming product isn’t just about perks — it’s about symbolism. … Read more
Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent sharp market sell-off triggered by U.S. President Donald Trump’s announcement of a 100% additional tariff on China. On Binance, USDe dropped to 65 cents before quickly regaining parity with the dollar during what’s seen as crypto’s largest ever liquidation event in U.S. … Read more
XRP clawed back losses in Friday’s chaotic trade, rebounding from a 41% collapse to close above $2.47 as institutional bids rebuilt following panic liquidations. The session’s $1.14 range — from $2.77 down to $1.64 — was one of the widest in XRP’s 2025 trading history, driven by macro-led deleveraging and heavy futures liquidations across major … Read more
The native token of Aave (AAVE), the largest decentralized crypto lending protocol, was caught in the middle of Friday’s crypto flash crash while the protocol proved resilient in a historic liquidation cascade. The token, trading at around $270 earlier in Friday, nosedived as much as 64% later in the session to touch $100, the lowest … Read more
AI agents, software systems that use AI to pursue goals and complete tasks on behalf of users, are proliferating. Think of them as digital assistants that can make decisions and take actions towards goals you set without needing step-by-step instructions — from GPT-powered calendar managers to trading bots, the number of use cases is expanding … Read more
More than 1,000 wallets on Hyperliquid were completely liquidated during the recent violent crypto sell-off, which erased over $1.23 billion in trader capital on the platform, according to data from its leaderboard. In total, 6,300 wallets are now in the red, with 205 losing over $1 million each according to the data, which was first … Read more
ARK Invest says bitcoin’s fundamentals, adoption trends and macro environment are aligning to support continued strength into the final months of 2025, even as cycle dynamics signal the need for caution. On-chain signals point to structural strength In its latest “Bitcoin Quarterly “report for the three months ended Sept. 30, Cathie Wood’s ARK Invest argues … Read more
Hargreaves Lansdown, one of the UK’s largest retail investment platforms, has warned that bitcoin should not be treated as a core part of investment portfolios — even as it prepares to offer crypto products to clients for the first time. In a statement published on its website, the Bristol-based firm said bitcoin, despite its long-term … Read more
Norwegian officials are investigating a potential leak after large bets were placed on the Nobel Peace Prize outcome on Polymarket just hours before it became public. Venezuelan opposition leader Maria Corina Machado, who won the 2025 Nobel Peace Prize for her role in the fight for democracy, saw a spike in bets on her victory … Read more
U.S. lawmaker negotiations over market structure legislation appear to be ongoing, but contentious. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Shutdown continues The narrative Policy work around digital assets seems to be in a bit of a limbo … Read more
Dogecoin collapsed 50% late Friday in a rare flash crash that saw price plunge from $0.22 to $0.11 within minutes before rebounding to the $0.19–$0.20 zone. What to Know • DOGE dropped from $0.22 to $0.11 at 21:00 UTC on Oct 10 — a 50% flash crash followed by recovery to $0.19–$0.20.• Total intraday range … Read more
While bitcoin (BTC), ether (ETH) and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally. Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader … Read more
The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin (BTC), ether (ETH), XRP (XRP), solana (SOL), and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled. Naturally, bulls may be wondering whether the … Read more
XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million. The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average — a sign of … Read more
Crypto liquidations continued their rout early morning Asia hours after the broader crypto market continued its plunge hours after U.S. President Donald Trump threatened 100% tariffs on Chinese imports via a Truth Social post, which triggered a global risk-off wave and wiped out more than $16 billion in long positions by midday Hong Kong time. … Read more
Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash. Bitcoin (BTC), already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% … Read more
Digital asset investment firm Galaxy Digital (GLXY) said on Friday it agreed to a $460 million private investment from one of the world’s largest asset managers, a deal that would add cash for its growing data center business and general corporate needs. The investment, from the undisclosed firm, is split between 9,027,778 new Class A … Read more
Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether (ETH), nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its … Read more