[PRESS RELEASE – Grand Cayman, Cayman Islands, October 10th, 2025] Following a $140 million private token sale and its Mainnet launch earlier this year, WAL provides the financial framework to support Walrus through staking, governance nodes, and payment for data management. Walrus, the developer platform that enables users to control, verify, and monetize their data, today announced that WAL, the native token of the platform, is now available for trading on Binance Alpha and Binance Spot. The listing marks the latest milestone for Walrus, following its formal network launch earlier…
Day: October 11, 2025
Simmer Down, Bitcoin Is Going To Be Ok: Look At The Data
Key takeaways: Friday’s Bitcoin price crash shows volatility persists in the spot BTC ETF era, with leverage and liquidity stress amplifying losses. Liquidations hit $5 billion as portfolio margin systems failed, highlighting risks of illiquid collateral assets. Bitcoin derivatives suggest market makers remain cautious amid low liquidity, insolvency rumors, and Monday’s US national holiday, leading to a partial market closure. Bitcoin (BTC) plunged by $16,700 on Friday, marking a 13.7% correction in less than eight hours. The sharp drop to $105,000 wiped out 13% of total futures open interest in…
DappRadar Reports Record 18 Million Sales in 2025’s Biggest Market Comeback
NFT transactions skyrocketed to record highs this year as the sector sees strong engagement from existing traders. The non-fungible token (NFT) market is witnessing a strong rebound in activity this year, as sales volume has reached levels unseen since 2022, according to a new report from DappRadar. While overall trading volumes remain relatively subdued due to lower average prices, the number of transactions has surged sharply throughout 2025. From Slump to Surge In the first quarter, 7 million NFT sales were recorded, rising to 12.5 million in the second…
Market Crash Caused by Perfect Storm of Short-Term Factors: Analysts
The sudden market crash on Friday, which caused some cryptocurrencies to decline by as much as 95% in under 24 hours, does not signal a long-term bearish outlook or deteriorating fundamentals, according to investment analysts at The Kobeissi Letter. Friday’s market meltdown was triggered by a perfect storm of short-term factors, including “excessive leverage and risk,” and US President Donald Trump’s announcement of 100% tariffs on China, the analysts wrote. The Kobeissi letter cited the market’s heavy long bias, with $16.7 billion in long positions liquidated compared to just $2.5…
Here’s How Cardano’s ADA Can Rocket to $2
Cardano (ADA) is trading near $0.81 at press time, with a daily volume of $1.4 billion. It has slipped slightly in the past 24 hours and is down about 5% over the past week. Consequently, traders are watching a chart pattern that may set up a larger move. If the price pulls back, $0.69 is being marked as a possible buy zone. Triangle Pattern Signals Potential Move Crypto analyst Ali Martinez shared a 12-hour chart showing ADA compressing inside a symmetrical triangle. The formation began in late 2024 and is…
Bitcoin, Altcoin Selling Not Done Yet, Data Proves It
Key points: A sharp reduction in aggregate open interest highlights the severity of the $20 billion in leveraged liquidations and highlights traders’ reluctance to re-enter the market. Bitcoin selling and price weakness are likely to extend until CME BTC and equities futures markets open on Sunday evening, US hours. The crypto market continues to reel from Friday’s historic sell-off, which resulted in over $20 billion in centralized exchange liquidations and several hundred million across the DeFi landscape. Traders were clearly caught off guard as President Trump’s 100% tariff on Chinese…
‘Bitcoin Jesus’ Reaches $48M Settlement With US DOJ in Tax Fraud Case
Ver allegedly failed to pay $48 million in taxes tied to his Bitcoin holdings after renouncing U.S. citizenship. Roger Ver, the early Bitcoin evangelist famously known as “Bitcoin Jesus,” has reached a $48 million settlement with the U.S. Department of Justice (DOJ) in a high-profile tax fraud case. The development comes after a public plea for presidential intervention in his lawsuit earlier this year. $48 Million DOJ Deal The New York Times reported on Thursday that the cryptocurrency investor has entered into a tentative deferred-prosecution agreement with federal authorities…
ETH Down Only 6.7% Following Friday’s Crypto Market Crash
Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases. The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day. Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800.…
Why is the Ripple (XRP) Price Down Today (Oct 11)?
XRP’s price experienced a massive crash, leaving over $700 million liquidated. But why? The broader cryptocurrency market saw its worst deleveraging events in history throughout the past 24 hours. Ripple’s XRP didn’t go unscathed. In fact, it was one of the altcoins that painted massive red wicks, dropping to as low as $1.2 on the Binance perpetual contracts charts. That’s a 60% drawdown, which, not surprisingly, had a lot of traders liquidated. So much so that, in fact, almost $1 billion worth of leveraged positions were wiped out in…
Senate Passes GAIN Act as Part of 2026 National Defense Authorization Bill
The US Senate has advanced sweeping AI legislation under the National Defense Authorization Act, compelling chipmakers to serve US customers first before exporting advanced processors abroad. On Thursday, senators passed the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026, or GAIN Act, as an amendment to National Defense Authorization Act, requiring AI and high-performance chipmakers to prioritize domestic orders before exporting their products. The GAIN Act also gives Congress the right to deny export licenses for the most high-end AI processors and mandates export licenses for all products containing…