The cryptocurrency market experienced one of its most dramatic days in history last weekend, with Bitcoin’s 18% plunge triggering over $19 billion in liquidations—the largest such event ever recorded. While the market remains in shock from the massive sell-off that wiped out six weeks of gains, analysts at crypto exchange Bitfinex identify potential for recovery and a positive October ahead, pointing to underlying resilience despite the carnage.
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Bitcoin (BTC) is a decentralized digital currency that enables peer-to-peer transactions on a blockchain, operating without a central authority or intermediary.
Japan to Ban Crypto Insider Trading in Regulatory Shift
Japanese regulators are moving to explicitly ban insider trading in cryptocurrencies for the first time, marking a significant regulatory shift in a country with deep crypto market roots. The Securities and Exchange Surveillance Commission will gain authority to investigate suspected violations involving digital assets, closing a gap where existing insider trading laws previously didn’t apply to cryptocurrencies.
read moreCalamos Launches 3 Laddered Protected Bitcoin ETFs
Calamos Investments has significantly expanded its alternative bitcoin product suite with the launch of three innovative laddered protected ETFs now trading on the Cboe BZX Exchange. These groundbreaking funds, representing the first Calamos Laddered Bitcoin Structured Alt Protection ETFs in the market, signal growing institutional interest in structured bitcoin investment vehicles that combine cryptocurrency exposure with sophisticated protection mechanisms through traditional exchange-traded fund structures.
read moreNYC Launches First Digital Assets Office Under Mayor Adams
New York City has established the nation’s first municipal Office of Digital Assets and Blockchain Technology through Mayor Eric Adams’ Executive Order #57, positioning the city as a potential global hub for cryptocurrency innovation. The office, led by former digital assets policy advisor Moises Rendon, aims to attract crypto industry investment and talent while supporting blockchain technology deployment across city operations, marking a significant milestone in municipal cryptocurrency adoption.
read moreBitcoin Outshines Ethereum Amid Trump Tariff Tensions
Bitcoin has strengthened against Ethereum as renewed trade tensions between the U.S. and China sparked economic concerns, with one Bitcoin worth nearly 30 Ethereum on Friday compared to 27.7 earlier in the week. The shift reflects changing macroeconomic narratives rather than fundamental weaknesses in either cryptocurrency, as analysts remain divided on whether current conditions could spark an altcoin rally or if Bitcoin’s dominance will persist amid global uncertainty.
read moreCrypto’s $19B Liquidation: Leverage Risks Exposed
The cryptocurrency market experienced its most brutal liquidation event in history on Friday as $19 billion in leveraged positions evaporated within hours, dwarfing previous records and exposing critical vulnerabilities in crypto’s leverage ecosystem. Triggered by escalating trade tensions following President Trump’s tariff announcement, the cascade hit Bitcoin and Ethereum hardest, erasing $380 billion in market capitalization and liquidating 1.6 million accounts. While partial recoveries emerged over the weekend, the ongoing volatility and surge in hedging activity signal deep trader skepticism about sustained recovery, reviving fears of a prolonged crypto winter.
read moreUS-China Trade War Triggers Historic Crypto Liquidation
Escalating trade tensions between the United States and China triggered the largest cryptocurrency liquidation event in history last Friday, sending Ethereum’s price plummeting through critical technical support levels and wiping out over $19 billion in leveraged positions. The dramatic sell-off, which affected more than 1.6 million traders, was followed by a swift recovery as institutional buyers stepped in during the downturn, pushing Ethereum’s Coinbase Premium Index to yearly highs and helping the digital asset reclaim key technical levels above $4,100.
read moreBinance Launches $400M User Reimbursement After Liquidations
In one of the largest user protection initiatives in cryptocurrency history, Binance has launched a $400 million reimbursement program for traders affected by last week’s market turmoil. The exchange’s “Together Initiative” brings total compensation efforts across Binance and BNB ecosystem partners to over $700 million, signaling a massive commitment to user protection following record-breaking liquidations that saw Bitcoin briefly plunge below $106,000.
read moreOzak AI: High-Growth Crypto at $0.012 Challenges Market Leaders
As Bitcoin scales unprecedented heights above $126,000 and Ethereum maintains its stronghold near $4,700, a new AI-powered contender is disrupting the cryptocurrency investment landscape. Ozak AI, trading at just $0.012 during its ongoing presale, offers investors an affordable entry point with exponential return potential that challenges the steady growth trajectories of established market leaders. With over $3.61 million raised and strategic partnerships enhancing its technological infrastructure, this emerging project represents a paradigm shift in how artificial intelligence and blockchain convergence can create unique investment opportunities.
read moreTether Pays $299.5M in Celsius Settlement, Testing Stablecoin Liability
Tether has agreed to a $299.5 million settlement with Celsius Network’s bankruptcy estate, potentially setting a precedent for stablecoin issuer liability. The resolution addresses claims stemming from the crypto lender’s dramatic 2022 collapse and collateral disputes. This landmark settlement could reshape how stablecoin providers navigate future crypto bankruptcies.
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