Day: October 14, 2025

Tether’s $299.5M Celsius Deal Tests Stablecoin Liability

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Stablecoin issuer Tether has agreed to pay $299.5 million to the Celsius Network bankruptcy estate, resolving claims tied to the crypto lender’s 2022 collapse and potentially opening a new chapter in the debate over stablecoin liability. The Blockchain Recovery Investment Consortium (BRIC) — a joint venture between asset manager VanEck and GXD Labs, an affiliate of Atlas Grove Partners — announced the settlement on Tuesday. The recovery concludes a years-long dispute over Bitcoin (BTC) collateral transfers and liquidations that preceded Celsius’s high-profile bankruptcy in July 2022. BRIC was formed in…

Price Drops and Derivatives Market Cools

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The Ethereum derivatives market shrank by 45%, with open interest collapsing from $33 billion to $18 billion. Last Friday, trade tensions between the US and China suddenly escalated, triggering the largest cryptocurrency liquidation event in history. As a result, Ethereum, the second-largest digital asset, saw its value drop significantly, breaking important technical support levels and causing a big dip in the derivatives market. A Technical Narrative of Breakdown and Recovery According to an assessment by CryptoQuant analyst _OnChain, the story unfolded across ten distinct areas on a 30-minute chart.…

SOL Funding Negative Yet Price Has No Traction

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Key takeaways: SOL recovered above $200, but weak onchain activity and rising competition limit the odds of a sustainable rally. Traders show little bearish conviction, yet stagnant network growth and shifting market share keep SOL’s upside capped. Solana’s native token SOL (SOL) climbed back above $200 on Tuesday, recovering from Friday’s flash crash that pushed prices down to $167. Still, the record $1.73 billion in long liquidations left a lasting mark on SOL’s derivatives market, prompting traders to question whether the bullish momentum has faded and if the token can…

US government holds $36 billion in Bitcoin after largest-ever forfeiture action

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Key Takeaways The US government now holds more than $36 billion in Bitcoin, much of it seized from criminal activities. Federal authorities, under Trump, have taken a strategic approach to managing seized Bitcoin, treating it as a digital reserve rather than liquidating it. Share this article The US government’s Bitcoin holdings have climb to roughly $36 billion following the seizure of 127,271 BTC worth more than $14 billion at current prices. The assets were confiscated as part of a Department of Justice forfeiture action linked to an indictment against Chen…

NYC Mayor Signs EO Establishing Digital Assets and Blockchain Office

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New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office. “Our city has…

BNB Chain distributes first batch of $45 million Reload airdrop

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Key Takeaways BNB Chain begins $45 million Reload Airdrop in partnership with Four Meme. The airdrop rewards active community members across four transparent distribution rounds. Share this article BNB Chain has completed the first batch of its $45 million Reload Airdrop, a community initiative launched in collaboration with Four Meme to reward builders, traders, and creators active in the ecosystem. The Reload Airdrop will be distributed across four total batches, with each recipient list published publicly for transparency. Partners including PancakeSwap, Binance Wallet, and Trust Wallet are supporting the distribution,…

Ethereum tests Fusaka upgrade on Sepolia

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Ethereum’s Fusaka upgrade has been activated on the Sepolia testnet, marking the next major step in the network’s ongoing push to improve scalability and performance. The upgrade marks the second phase of a three-step rollout under Ethereum’s Fusaka roadmap, following the Holesky testnet activation on Oct. 1. The Sepolia deployment focuses on stress testing the network’s new data-availability system and higher block gas limit before developers push the code to the final Hoodi testnet later this month. Fusaka’s rollout is introducing a suite of performance and consensus improvements. The full…

Is This Good News for Bitcoin (BTC)?

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Here’s what may trigger BTC’s next big move. Gold’s price has been surging lately in an almost “up-only” trajectory over the past several months. After this impressive rally, a critical indicator related to the yellow metal has reached peak levels. In the following lines, we will analyze how this might trigger a rally for Bitcoin (BTC). Rotating Capital? Gold remains the world’s biggest asset in terms of market cap, recently widening its lead over major tech giants. Its capitalization has climbed to almost $29 trillion, while NVIDIA (the runner-up)…

BTC Bids Deepen Under $105K Amid Market Cleanup

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Key takeaways: Deep liquidity bids now cluster around $105,000-$100,000, signaling market stabilization. Over 90% of BTC supply remains profitable, confirming a leverage-driven, not panic, sell-off. A reclaim of $117,500 could flip the correction into a breakout rally. Bitcoin (BTC) is entering what analysts describe as a “clean-up phase,” as deep buy orders begin to cluster below the $105,000 level following a major deleveraging event. Trading resource Material Indicators said that order book data showed “strong sell pressure on BTC,” with limited technical support around $107,000. While that level might briefly…

Stripe pilots stablecoin payments for subscriptions

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Photo: T. Schneider Key Takeaways Stripe is piloting stablecoin payments for subscription services. Recent launches include tools for businesses to issue stablecoins and integrate customizable onramps for stablecoin payments in apps. Share this article Stripe has rolled out stablecoin subscription payments for select users, according to new documentation. The payments platform has been expanding its crypto integrations with recent launches of stablecoin-related products. Stripe unveiled tools allowing businesses to issue their own stablecoins and customize onramps for integrating stablecoin payments directly into apps. The company has collaborated with wallet providers…