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Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.Bitcoin BTC$111,480.33, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether ETH$4,005.03 tanked 16% below $3,700, while other major altcoins XRP$2.8211, solana SOL$201.48 and DOGE$0.2316 crashed 20%-30%. The native tokens of ADA$0.7842, Chainlink LINK$20.81 and Aave AAVE$267.09 fell as much as 40%Friday’s market meltdown lead to over $7 billion in liquidations…

A sudden flash crash rattled crypto markets on Oct. 10, erasing billions in leveraged positions as Bitcoin, Ethereum, and other major tokens plunged before staging partial recoveries.Bitcoin fell more than 10% at its lowest point, slipping to $101,500 before rebounding to trade near $112,500 as of press time.Ethereum similarly dropped over 10% intraday before stabilizing above $3,800. Major altcoins suffered significantly steeper losses, including Solana and Dogecoin, which fell more than 30% and 50%, respectively.While Solana continues to trade below its key $200 threshold, DOGE experienced a rapid recovery and was trading above the $0.18 support level as of press…

This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of…

In crypto, the hardest lessons are the ones learned in hindsight. Everyone remembers the tokens they almost bought, the early-stage gems that skyrocketed while they hesitated. The regret of missing a 100x ROI haunts even the most seasoned traders. Now, a new opportunity is knocking, wrapped in warmth, familiarity, and surprisingly strong fundamentals. Milk & Mocha crypto presale, the internet’s favorite bear couple with millions of fans worldwide, have entered blockchain with $HUGS, a utility token fusing emotion, entertainment, and economics. As the whitelist nears capacity and presale stages ramp in price, $HUGS positions itself not just as a memecoin, but as…

Bitcoin trades near $121.6K, testing major resistance at $126K. Analysts watch for a breakout or correction as futures open interest stays high. Bitcoin is trading near $121,600 after reaching a new all-time high above $126,000 earlier this week. The asset has slowed and is now moving sideways just below a major diagonal resistance that has capped the price for several months. Analysts are watching to see whether Bitcoin can break through or if it will be rejected once again. Meanwhile, the market is holding near a key level while open interest remains high in the futures market. Bitcoin Struggles…

Key takeaways:Derivatives data show limited confidence among Bitcoin traders despite strong ETF inflows, keeping downside risks on the table.Gold’s surge and falling Treasury yields highlight growing investor fear as fiscal stress and trade disputes weigh on traders’ sentiment.Bitcoin (BTC) has struggled to regain bullish momentum since reaching its $126,219 all-time high on Monday. Strong spot Bitcoin exchange-traded fund (ETF) inflows point to solid institutional demand, but weakness in BTC derivatives metrics suggests traders remain uncertain about whether the $117,000 level will hold.Bitcoin 60-day futures annualized premium. Source: laevitas.chMonthly Bitcoin futures are trading at a 7% premium compared to spot markets,…

On October 10, President Donald Trump said he would impose a “massive increase” in tariffs on Chinese imports. The announcement came after Beijing introduced new restrictions on exports of rare-earth materials critical to technology and defense manufacturing. Summary Trump vowed a “massive” tariff hike on China, reviving trade-war fears; markets flipped risk-off. BTC slid under $117K; ETH broke $4,000; SOL nears $200. Crypto stocks fell 5–10%. SEC actions slowed amid a 10-day shutdown, delaying crypto filings. Trump’s statement reminded the market of April 2 when his “Liberation Day” tariffs announcment spooked markets. On Friday, he renewed these concerns and hinted…

Institutional investors are deepening their involvement in digital assets and emerging technologies such as blockchain and AI, according to a new State Street report — though many remain split on whether decentralized finance can ever fully blend with traditional markets.The study found that digital assets currently make up about 7% of institutional portfolios, a figure expected to climb to 16% by 2028. Most holdings are concentrated in digital cash (stablecoins) and tokenized versions of listed equities or fixed income, with respondents allocating about 1% of their portfolios to each and asset managers maintaining greater exposure.Source: State StreetWhile stablecoins and tokenized…

Digital asset investment firm Galaxy Digital (GLXY) said on Friday it agreed to a $460 million private investment from one of the world’s largest asset managers, a deal that would add cash for its growing data center business and general corporate needs.The investment, from the undisclosed firm, is split between 9,027,778 new Class A shares issued by Galaxy and 3,750,000 shares sold by certain executives, including founder and CEO Mike Novogratz, at $36 per share, according to the press release. That’s an 8.5% discount from Friday’s closing price.”Strengthening our balance sheet is essential to scaling Galaxy’s data center business efficiently…

Norwegian officials launched an investigation on Oct. 10 into a suspected leak of confidential information after online wagers on this year’s Nobel Peace Prize winner surged just hours before the official announcement.Authorities said the spike in betting activity on Polymarket appeared to indicate insider knowledge of the Nobel Committee’s decision.Venezuelan opposition leader María Corina Machado was awarded the 2025 Peace Prize for her pro-democracy efforts, a result that sparked a sudden surge in bets in her favor overnight.According to reports first published by Bloomberg and local Norwegian media, multiple large wagers were placed on Machado shortly after midnight Norwegian time.Data reviewed…