Crypto News

Global digital asset markets are regaining their composure after the largest liquidation event in crypto history, a most theatrical transition toward a more structurally mature ecosystem. The 21Shares Research Team noted that while the sharp selloff underscored flaws in centralized exchange mechanisms, it simultaneously showcased the robustness of decentralized infrastructure and the resilience of long-term holders. A most admirable display of fortitude! 🤹‍♂️

But hold onto your hats, because amid all the chaos, the industry’s stubborn little engine called resilience whispered, “This isn’t the end.” According to some crypto-whisperers at Bitfinex, the market’s still got some fight left in it, promising a potential October bounce. Or so they say, while nervously clutching their wallets.

In this vast gulag of crypto speculation, 76% of the hapless retail traders have shackled themselves long on Solana-a signal as bullish as a prisoner dreaming of amnesty in Stalin’s dreams.

ARKHAM ALERT: THE GREAT WHALE STIRS FROM ITS SLUMBER!

The $10B Hyperunit Whale, that enigmatic beast of the crypto seas, has begun to trim its shorts. A paltry $15 million closed, leaving a staggering $478M still afloat. Oh, the drama! It sits on an unrealized profit of $11.8 million-a crumb for such a titan. 🐳💤

YLDS offers SOFR minus 35 basis points (because why settle for normal interest rates when you can subtract 0.35% and call it “exclusive”?), backed by short-term treasuries. Per the Sui Foundation, it’s like a financial Swiss Army knife-but with more red tape. 🛠️

Introducing the “Together Initiative,” a $400 million “feel-good” fund to rescue anyone who got caught in the recent market tumble. Yes, right after the crypto market played a game of “how low can you go,” Binance is giving back-well, sort of. Maybe. $300 million worth of USDC vouchers will magically appear for users who got liquidated between October 10 and 11, 2025. Because nothing says “recovery” like a timestamp and a $50 minimum loss (don’t oversell it, folks – we’re just talking pocket change for some).

In case you missed it, Solmate Infrastructure (Nasdaq: SLMT) just made the financial world do a double-take with their press release. They grabbed $50 million worth of SOL straight from the Solana Foundation-at a discount, naturally-because who doesn’t love a good bargain? 😏

Imagine, if you will, the consternation that ensued when the esteemed US President, Mr. Donald Trump, proclaimed a 100% tariff on Chinese imports. The market, ever so delicate, quivered like a debutante at her first soiree. Bitcoin, along with its altcoin companions, suffered a most pronounced sell-off, leading to a capitulation that left many a wallet lighter. 🧾💔

Bitcoin (BTC), the diva of the crypto world, has sashayed down 2.04% in the past 24 hours, now teetering near $112,500 with a market cap of $2.24 trillion. Trading volume? Still high at $85.9 billion, because apparently everyone loves a good fire sale. Ethereum (ETH) is down 1.19%, sulking at $4,124 with a market cap of $497.7 billion. And poor XRP? Down 3%, trading at $2.51. It’s like the crypto version of a bad breakup. 💔

Musk’s praise of Bitcoin comes after a few years of being silent on the cryptocurrency. This is quite notable considering that the industry is recovering from a recent bloodbath triggered by the US-China trade war, which is about as exciting as watching paint dry… but with more economic jargon. 💸