Day: October 14, 2025

BTC–Gold Correlation Hits New High as Both Assets Draw Investors

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Bitcoin’s correlation with gold is increasing as both assets strengthen their reputations as hedges against macroeconomic uncertainty, according to CryptoQuant CEO Ki Young Ju. In a Tuesday post on X, Ju noted that the BTC–gold correlation has risen sharply alongside gold’s surge to new all-time highs. “Gold keeps hitting new ATHs. BTC–gold correlation is high; digital gold narrative still alive. Inflation hedge demand isn’t dead yet,” he wrote. According to data from CryptoQuant, the BTC-gold correlation currently stands above 0.85, up from -0.8 in October 2021. The correlation previously reached…

BlackRock deposits $364M in Ethereum and $77.67M in Bitcoin to Coinbase Prime

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Key Takeaways BlackRock deposited $364 million in Ethereum and $77.67 million in Bitcoin to Coinbase Prime. Similar prior moves by BlackRock have drawn speculation about profit taking or exit behavior. Share this article BlackRock deposited $364 million in Ethereum and $77.67 million in Bitcoin to Coinbase Prime today, according to on-chain data tracked by Lookonchain. The global asset manager has consistently transferred cryptocurrencies to Coinbase Prime to bolster liquidity for its crypto ETFs amid fluctuating market conditions. The platform serves as a key custodian for BlackRock’s digital asset activities. Coinbase…

Bhutan’s Bold Blockchain Migration Puts 800,000 Citizens on Web3 Rails

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Bhutan has become one of the first nations to fully adopt Ethereum for government identity verification and digital services. Bhutan is moving its national self-sovereign identity (SSI) framework from Layer 2 solution Polygon to Ethereum. This decision will allow its population of roughly 800,000 to authenticate identities and interact with government platforms via Ethereum’s blockchain. Ethereum for National ID In the latest post on X, Aya Miyaguchi, President of the Ethereum Foundation, revealed that the integration has been completed, while all resident credentials are set to be migrated by…

S&P Global partners with Chainlink to bring stablecoin ratings on-chain

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Key Takeaways S&P Global will provide stablecoin stability ratings on-chain using Chainlink’s DataLink service. The initiative initially launches on Base, evaluating major stablecoins like USDT, USDC, USDS, and DAI. Share this article S&P Global Ratings, a top global credit ratings provider, has joined forces with Chainlink to bring its Stablecoin Stability Assessments (SSAs) on-chain via Chainlink’s DataLink publishing service, the companies announced Tuesday. For the first time, DeFi protocols will gain direct access to S&P Global Ratings’ Stablecoin Stability Assessments, a framework that systematically evaluates a stablecoin’s risk and overall…

BNB Chain Sets Record 3.46M Daily Active Addresses

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Daily active addresses on BNB Chain hit an all-time high on Monday, as the blockchain’s native token reached a new price record.  Analytics platform Nansen revealed that sender-only active addresses on BNB Chain — addresses that sent a transaction, excluding internal address transfers — reached a new all-time high of 3.46 million on Monday, passing the previous record of 3.44 million in December 2023.  Nansen data also showed that in the last 30 days, the number of successful transactions on BNB Chain passed 500 million, surging 151% from the previous…

Was Last Week’s Deleveraging Event a Necessary Reset for The Bitcoin Market? Glassnode Weighs In

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Glassnode insists the liquidation event was necessary as it cleared excess leverage, recalibrated short-term sentiment, and reduced speculative positioning. Friday, October 10, was one of the most memorable days in crypto history. The market witnessed its largest liquidation event amid trade tensions between the U.S and China. This incident spread across and has affected several parts of the market, including the spot, futures, and derivatives segments. While the event led to massive losses for investors, the market research firm Glassnode believes the deleveraging was a necessary reset for the market.…

Is BNB Price Going to Crash Again After a 12% Drop From All-time Highs?

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Key takeaways: BNB faces short-term correction risks but maintains a bullish macro structure. A bull flag is still in play, pointing to a BNB price target above $2,000.  BNB (BNB) has dropped 10% over the last 24 hours, reflecting the risk-off sentiment in the broader crypto market.  BNB/USDT daily chart. Source: Cointelegraph/TradingView With a 13% drawdown from its $1,300 all-time high reached on Monday, the question remains whether the upside is over for the Binance-linked token. BNB faces “overbought” risks The BNB/USD pair has hit multiple all-time highs since late…

$19B Crypto Market Crash: ‘Controlled Deleveraging’ Not ‘Cascade’

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Friday’s record $19 billion crypto market liquidation event has left traders divided, with some accusing market makers of a coordinated sell-off while analysts pointed to a more natural deleveraging cycle. Friday’s flash crash saw open interest for perpetual futures on decentralized exchanges (DEXs) fall from $26 billion to below $14 billion, according to DefiLlama. Crypto lending protocol fees surged past $20 million on Friday, the highest daily total on record, while weekly DEX volumes climbed to more than $177 billion. The total borrowed across lending platforms also dropped below $60…

US government moves 668 Bitcoin to new wallet

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Key Takeaways The US government moved approximately 668 Bitcoin to a new wallet, indicating active management of its digital asset holdings. This move comes under the Trump administration’s policy of integrating Bitcoin into the national strategy and economic policy. Share this article The US government today moved nearly 668 Bitcoin to a new wallet, continuing its active management of digital asset holdings under the Trump administration’s Bitcoin-supportive policies. The move could represent part of ongoing federal crypto asset operations, as the government has integrated Bitcoin into national strategy through recent…