WazirX Wins Singapore Court Approval for $234M Hack Recovery Plan

Singapore’s High Court has granted formal approval to WazirX’s restructuring plan, clearing the final legal hurdle for the crypto exchange to begin repaying users affected by a devastating $234 million hack. The court-supervised recovery process, which received overwhelming 95.7% creditor support, marks a critical milestone in one of the largest crypto exchange recovery efforts and sets the stage for initial payments to begin within days.

read more

Crypto’s $20B Liquidation Cascade: Market Reset Explained

Crypto markets experienced their largest single-day deleveraging event on record, with $19-20 billion in forced liquidations on October 10. The massive leverage purge reset positioning to July levels while revealing stark differences between Bitcoin and altcoin resilience. Despite the historic washout, major cryptocurrencies have already staged significant recoveries, signaling a healthy market reset that reduced systemic fragility.

read more

BNB Surges 16% to $1,350 as ETF Hopes Fuel Rally

BNB has staged a powerful 16% recovery, surging past $1,350 as optimism builds around potential spot ETF approval and renewed confidence in the Binance ecosystem. The rally outpaces Bitcoin and Ethereum, fueled by whale accumulation and institutional inflows. Daily trading volume jumped 55% to $10.7 billion, signaling strong market conviction as the cryptocurrency demonstrates remarkable resilience following recent geopolitical-triggered sell-offs.

read more

Bitcoin Short Before Trump Tariffs Sparks Insider Trading Probe

A massive Bitcoin short position executed less than an hour before President Donald Trump’s announcement of 100% tariffs on China has triggered serious insider trading allegations, with former BitForex CEO Garrett Jin denying control of the wallet used for the controversial trade that preceded Bitcoin’s significant price decline. The suspicious timing has drawn intense scrutiny from the crypto community about potential information advantages in cryptocurrency markets.

read more

Binance Pays $283M After Market Crash, Explains Causes

Binance has disbursed $283 million in compensation to users affected by the October 10 cryptocurrency market meltdown, the largest liquidation event in crypto history. The exchange clarified that while technical glitches and triggered old limit orders exacerbated temporary disruptions, the crash was primarily driven by broader market conditions following geopolitical tensions. The incident saw over $19 billion in leveraged positions liquidated within 24 hours, impacting more than 1.6 million traders globally.

read more

Steak ‘n Shake Rejects Ethereum Despite Community Vote

Steak ‘n Shake has reversed course on accepting Ethereum payments despite a community poll showing majority support, choosing instead to maintain its Bitcoin-only policy after facing intense backlash from Bitcoin maximalists. This strategic decision comes as the restaurant chain credits its Bitcoin adoption with driving substantial sales growth, including over 10% same-store sales increases in recent quarters, highlighting the complex dynamics between cryptocurrency communities and business strategy.

read more

Bitcoin Plunges 12% After Trump Tariffs Trigger $19B Liquidation

Bitcoin experienced its largest single-day liquidation event in history after former President Donald Trump announced 100% tariffs on Chinese goods, triggering a $19 billion wipeout that primarily affected leveraged traders on centralized exchanges. The dramatic price drop from $121,000 to $106,000 on Friday resulted in 1.6 million positions being liquidated within 24 hours, creating what industry experts describe as a ‘leverage bloodbath’ rather than a retail investor panic.

read more