Crypto Digest — 13 October 2025
📢 Read the daily digest for 2025-10-13: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
Q4 Crypto Surge? Historical Trends, Fed Shift and ETF Demand Align
Q4 historically delivers average gains of 79% for bitcoin since 2013, driven by institutional treasury accumulations and ETF inflows. With the Fed’s latest rate cut and $18 billion in BTC and ETH ETF inflows in Q3, CoinDesk Indices projects continued market momentum into year-end.
Green Shoots on China Lifts Crypto in Sunday Action
Crypto markets rebounded Sunday as China’s Ministry of Commerce clarified rare-earth export controls are limited and President Trump’s conciliatory Truth Social post reassured investors. Bitcoin rose about 3% while ether, solana and dogecoin gained 6-8%, partially reversing Friday’s steep losses.
Binance to Compensate Users Affected by Crash in Wrapped Ether, Staked Solana and Ethena’s USDe
Binance announced it will compensate users who suffered losses from a severe crash in wrapped tokens wBETH, BNSOL and USDe after infrastructure stress impeded market makers, causing large price dislocations. The exchange will review cases individually and adopt conversion-ratio pricing for wrapped assets.
🔎 Coin Research — Tea Protocol (TEA) — 13 October 2025
New weekly coin research for Tea Protocol (TEA). — Score: 7.00/10 TL;DR: Monetizing open-source contributions via a novel OP-based Layer 2 network with Proof of Contribution algorithm
Altcoins Cratered in Oct. 10 Crypto Flash Crash as Bitcoin Held Up, Wiston Capital Says
Wiston Capital founder Charlie Erith reported that altcoins plunged about 33% in roughly 25 minutes on Oct. 10, erasing $18.7 billion in liquidations, while bitcoin fell less severely. Erith plans to track bitcoin’s 365-day EMA, market breadth and volatility metrics before re-leveraging.
Tether CEO Paolo Ardoino: ‘Bitcoin and Gold Will Outlast Any Other Currency’
Tether CEO Paolo Ardoino stated that bitcoin and gold will outlast all other currencies, reiterating Tether’s strategy of allocating up to 15% of net profits to bitcoin reserves and expanding gold backing via XAUt. Investors await the next reserve attestation to gauge shifts in asset allocations.
FTC Settles with Voyager Digital for $1.65B as CFTC Charges Former CEO
U.S. FTC reached a $1.65 billion settlement with bankrupt crypto lender Voyager Digital over consumer protection violations. Concurrently, CFTC filed fraud and registration-related charges against ex-CEO Steven Ehrlich. Settlement bars future financial service offerings and mandates payment after creditor compensation in bankruptcy proceedings.
Bitcoin’s On-Chain Strength Sets Stage for Fourth-Quarter Gains, Says ARK Invest
ARK Invest research highlights Bitcoin’s sustained on-chain metrics, including rising active addresses and declining exchange reserves, as bullish indicators for Q4 performance. Institutional inflows via ETFs and increasing network security support the projection of renewed upward momentum.
Coinbase’s Upcoming Amex Card With BTC Cashback: Everything We Know So Far
Coinbase plans to introduce a new American Express credit card offering up to 4 percent Bitcoin cashback on select purchases. Product details include tiered rewards on dining, groceries, and streaming services, with launch slated for Q1 2026 after regulatory approvals.
AAVE Sees 64% Flash Crash as DeFi Protocol Endures Largest Stress Test
Decentralized lending protocol AAVE underwent a 64 percent flash crash on major exchanges, triggering $180 million in collateral liquidations within one hour. Smart contract safeguards prevented protocol insolvency, but rates and incentives are under review to bolster risk thresholds.
🔎 Coin Research — HONO Protocol (HONO) — 12 October 2025
New weekly coin research for HONO Protocol (HONO). — Score: 6.00/10 TL;DR: HONO Protocol is an algorithmic real-yield rebase token fully backed by wstETH, designed to grow in value through multiple revenue streams including Uniswap V3
Ethena’s USDe Briefly Loses Peg During $19B Crypto Liquidation Cascade
Stablecoin USDe deviated from its $1 peg amid a $19 billion market liquidation wave, dropping to $0.996 before recovering within hours. Ethena Labs confirmed that mint and redeem functionality remained operational and collateral levels held above required thresholds.
Largest Ever Crypto Liquidation Event Wipes Out 6,300 Wallets on Hyperliquid
A record liquidation event on Hyperliquid erased over $1.23 billion in trader capital and left 6,300 wallets in the red amid a broader $19 billion market sell-off triggered by new U.S. tariffs and geopolitical uncertainty.
Largest Crypto Liquidation Ever Sees $16B Longs Wiped Out Amid Trade Fears
Trump’s 100% tariff threat on China triggered a risk-off wave that liquidated over $16 billion in crypto longs, marking the largest such event on record. Bitcoin and Ether tumbled 10% and 16% respectively, while stablecoin USDe saw minor peg deviations during the turmoil.
Trump Tariff Threat Sparks Crypto Flash Crash, Bitcoin Dips Below $110K
Trump’s threat of 100% tariffs on China sparked a crypto flash crash that drove Bitcoin below $110 000 and liquidated $7 billion in leveraged positions. Ether, XRP and Solana plunged over 15% as forced liquidations amplified volatility.
Gold-Backed Tokens Hold Firm Amid $19B Crypto Rout with Overbought Signals
Gold-backed tokens PAXG and XAUT recorded under-1% losses during a $19 billion crypto liquidation, outperforming major cryptocurrencies. Gold’s eight-week rally has pushed prices into overbought territory, raising the prospect of a near-term consolidation.
BTC, ETH, XRP and SOL Enter Slow Bottoming Process After $16B Liquidations
A $16 billion liquidation event forced leveraged positions across Bitcoin, Ether, XRP and Solana, triggering a major sell-off. Weekend liquidity constraints and cautious market maker behavior are expected to prolong a gradual, multi-phase bottoming process.
XRP Plunges 42% to $1.64 Before Partial Recovery to $2.36
XRP plunged 42% to $1.64 amid large-scale liquidations and a fall in futures open interest. The token rebounded to $2.36 as volume spiked 164% above its 30-day average and open interest contracted by $150 million.
Privacy Tokens Surge as Market Rotates to 2018 Narratives
Privacy-focused tokens rallied as Zcash gained over 40% and Railgun jumped 117% in 24 hours. Dash, Monero and other anonymity assets saw double-digit gains amid broader market consolidation. Spot volumes for privacy coins spiked above $1.1 billion across exchanges.
Privacy Tokens Surge as Market Rotates to 2018 Narratives
Privacy-focused tokens rallied as Zcash gained over 40% and Railgun jumped 117% in 24 hours. Dash, Monero and other anonymity assets saw double-digit gains amid broader market consolidation. Spot volumes for privacy coins spiked above $1.1 billion across exchanges.
Bitcoin Implied Volatility Hits 2.5-Month High
Bitcoin’s 30-day implied volatility index climbed above 42%, marking its highest level in 2.5 months. Historical data indicate similar October spikes, with average late-month gains near 6% and November returns exceeding 45%. Traders view elevated volatility as a bullish seasonal signal.
Bitcoin Implied Volatility Hits 2.5-Month High
Bitcoin’s 30-day implied volatility index climbed above 42%, marking its highest level in 2.5 months. Historical data indicate similar October spikes, with average late-month gains near 6% and November returns exceeding 45%. Traders view elevated volatility as a bullish seasonal signal.
Hyperliquid Launches Based Streams Live Trading Platform
Hyperliquid rolled out Based Streams, a decentralized live-streaming platform that integrates real-time trading overlays, chat and tokenized donations via its Hypercore protocol. The feature debuted at 12:30 UTC with @LH_0302 opening 500 blind boxes on camera. Creators can now monetize and reward viewers seamlessly.
Hyperliquid Launches Based Streams Live Trading Platform
Hyperliquid rolled out Based Streams, a decentralized live-streaming platform that integrates real-time trading overlays, chat and tokenized donations via its Hypercore protocol. The feature debuted at 12:30 UTC with @LH_0302 opening 500 blind boxes on camera. Creators can now monetize and reward viewers seamlessly.
Bitcoin Miners Rally as Sector Nears $90B Market Cap
Public bitcoin mining firms extended gains in pre-market trading, driving the sector’s market cap toward $90 billion. AI and high-performance computing demand fueled share price rallies for IREN, TerraWulf and others. Data center shortages cited as key catalyst for mining infrastructure investment.
XRP, DOGE, SOL See Pullback as $2.72B Flows Into Bitcoin ETFs
Bitcoin briefly dipped below $120,000 amid profit-taking, while spot Bitcoin ETFs attracted a record $2.72 billion inflow this week. XRP, Dogecoin and Solana all pulled back 2–3% as traders weighed ETF dynamics. Privacy coins outperformed amid renewed hedging demand.
Crypto Digest — 10 October 2025
📢 Read the daily digest for 2025-10-10: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
Aave Governance Token Dips Below Key Support Level After 5% Plunge
Aave’s governance token (AAVE) fell 5% to trade just below the $270 support mark, driven by high-volume selling as the overall market weakened. Technical models indicate bearish momentum, with failed recovery attempts confirming sustained pressure. The broader CoinDesk 20 Index was down over 4% during the session.
Filecoin Plunges 7% Amid Intensified Selling Pressure
Filecoin’s FIL token dropped as much as 7% in 24 hours, sliding from $2.39 to $2.23 amid a broader market decline. Trading volume spiked to nearly 6 million tokens, well above the 3.4 million daily average. Technical models signal potential base formation above $2.23 but warn of sustained volatility.
‘Bitcoin Jesus’ Roger Ver Nears U.S. Tax Fraud Settlement
Early Bitcoin investor and advocate Roger Ver is reportedly close to settling U.S. tax fraud charges, according to the New York Times. Under the proposed agreement, Ver would pay approximately $48 million for unreported capital gains. The settlement remains subject to judicial review and is scheduled for a hearing in December.
🔎 Coin Research — Everlyn AI (LYN) — 10 October 2025
New weekly coin research for Everlyn AI (LYN). — Score: 7.00/10 TL;DR: Everlyn AI is a Web3-native platform providing on-chain autonomous video generation powered by an autoregressive foundational model, enabling real-time, verifia
Coinbase and Mastercard in Advanced Talks to Acquire Stablecoin Infrastructure Fintech BVNK
Coinbase and Mastercard have held advanced discussions to acquire London-based BVNK, a fintech building stablecoin payment rails. Sources indicate valuations between $1.5 billion and $2.5 billion, with Coinbase reportedly leading bids. Completion would mark the largest stablecoin-related acquisition to date and signal intensifying competition in digital payments infrastructure.
Senate Democrats’ DeFi Regulation Proposal Sparks Industry Outcry
A draft proposal circulated among Senate Democrats would require anyone profiting from a DeFi front-end to register as a broker with the SEC or CFTC, industry leaders warn. Observers say language could effectively ban most DeFi platforms in the US by imposing unworkable compliance burdens. The Blockchain Association and legal experts call for revisions to avoid driving innovation overseas.
North Dakota plans U.S. dollar stablecoin launch with Fiserv partnership
The Bank of North Dakota will issue a state-backed U.S. dollar stablecoin built on Fiserv’s digital asset platform, targeting roll-out in 2026. Dubbed Roughrider Coin, the token aims to streamline interbank transfers and merchant payments. State participation follows the GENIUS Act and Wyoming’s Frontier Stable Token test phase.
BNB Chain memecoins mint new millionaires in wild trading week
Onchain data reveals traders on BNB Chain generated gains of up to $7.9 million using small-cap memecoins. One investor achieved a 2,260-fold return, while multiple wallets turned modest investments into multi-million dollar profits. Activity reflects renewed speculative capital flow across DeFi ecosystems.
Fireblocks partners with Galaxy and Bakkt to enhance institutional custody
Fireblocks Trust Company formed partnerships with Galaxy, Bakkt, FalconX and Castle Island under NYDFS oversight to expand regulated custody services. The initiative targets token launches, digital asset treasuries and ETF infrastructure. Regulatory compliance and security are emphasized as catalysts for institutional adoption.
🔎 Coin Research — DoubleZero (2Z) — 09 October 2025
New weekly coin research for DoubleZero (2Z). — Score: 8.00/10 TL;DR: DoubleZero is a decentralized global fiber network infrastructure layer (DePIN) providing low-latency, high-performance connectivity for blockchains and distrib
Bitcoin rebounds toward range highs as liquidity data emerges
Bitcoin held above $120,000 after a correction from recent highs, with onchain and market data indicating controlled profit taking and renewed buying momentum. Net taker volume shifted to neutral levels, supporting confidence in sustained demand. Market metrics point to balanced conditions for further upside.
Coinbase enables staking for New York residents after state approval
New York residents gained access to crypto staking for assets including Ether and Solana after state regulator approval. Staking services had been paused in multiple states amid legal challenges. Expansion aims to broaden access and reward opportunities nationwide.
GraniteShares files leveraged XRP ETF offering 3x long and short exposure
GraniteShares submitted a filing for a new XRP ETF providing 3x long and 3x short leveraged exposure to XRP. The product parallels existing leveraged Bitcoin, Ethereum and Solana ETFs, broadening trading options for aggressive and hedging strategies. Institutional interest in leveraged crypto ETFs continues to expand.
PancakeSwap Chinese X account hack fails to dent CAKE gains, token jumps 16%
PancakeSwap’s Chinese-language X account was compromised, with attackers promoting a fake “Mr. Pancake” token amid a meme coin frenzy. Despite the breach, CAKE surged 16% to $4.52, reflecting strong trading momentum on BSC. The incident highlights escalating phishing threats across Binance Smart Chain channels.
Short-term holders add 559,000 BTC in three months, signaling fresh demand
Short-term Bitcoin holders increased supply by 559,000 BTC over the past quarter, rising from 4.38 million to 4.94 million BTC, indicating new investor participation. On-chain data show the Fund Flow Ratio falling to its lowest level since July 2023. Reduced exchange activity suggests accumulation over selling amid near-peak prices.
Bitcoin loses $5K and Ethereum falls below $4,500 in 24-hour correction
Bitcoin declined by $5,000 within 24 hours, briefly dipping under $121,000 before recovering slightly. Ethereum fell over 5%, slipping below $4,500 alongside broader altcoin losses. The total crypto market capitalization decreased by approximately 2% to around $4.27 trillion.
Crypto race to tokenize stocks raises investor protection flags
A race by crypto firms to launch tokenized stock products has prompted warnings over insufficient investor rights and market fragmentation. Traditional financial institutions and regulatory experts caution that these tokens lack standard equity protections. Critics argue inconsistent disclosures and derivative-like structures could undermine market stability.
Crypto Digest — 08 October 2025
📢 Read the daily digest for 2025-10-08: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
UK to Lift Four-Year Ban on Bitcoin ETNs for Retail Investors
The UK Financial Conduct Authority will lift its ban on crypto exchange-traded notes (ETNs) referencing Bitcoin and Ethereum on October 8, 2025, allowing retail investors to access regulated crypto exposure. Experts call the move symbolic without direct spot products but expect it to spur market development.
IREN Declines 6% on $875M Convertible Note Offering
Bitcoin miner and high-performance computing firm IREN saw its stock fall 6% after announcing an $875 million convertible note offering. Proceeds will fund AI-cloud expansion and capped call hedges. The notes mature in July 2031, with an option to increase the offering size to $1 billion.
🔎 Coin Research — DoubleZero (2Z) — 08 October 2025
New weekly coin research for DoubleZero (2Z). — Score: 7.00/10 TL;DR: DoubleZero is a DePIN protocol constructing a global fiber-optic network to reduce blockchain latency via token-incentivized infrastructure.
BitGo Secures VARA License Amid Regulatory Crackdown
Digital asset custody firm BitGo has obtained a broker-dealer license from Dubai’s Virtual Assets Regulatory Authority, enabling regulated trading services in the MENA region. The approval follows VARA enforcement actions against 19 firms for unlicensed activity. BitGo’s MENA arm can now serve institutional clients under enhanced compliance standards.
SEC to Formalize Innovation Exemption by Year End
The U.S. Securities and Exchange Commission plans to initiate formal rulemaking for a proposed"innovation exemption" by the end of 2025 or early 2026. The effort remains a priority despite a government shutdown slowing agency work. Chair Paul Atkins reaffirmed commitment at a legal industry panel.
Grayscale Integrates Staking into Ethereum ETFs
Grayscale has enabled staking for its Ethereum Mini Trust (ETH) and Ethereum Trust (ETHE) ETFs, allowing holders to earn rewards as reinvested gains or cash payouts. The firm also extended staking to its Solana Trust ahead of its prospective uplisting.
US Shutdown Freezes SEC and Delays Crypto Progress
A US government shutdown has halted most SEC operations, including crypto ETF approvals. TD Cowen warns that policy progress will remain stalled until funding is restored. Other agencies like the Fed and FDIC will handle crypto matters during the shutdown.
VanEck Forecasts Bitcoin to Capture Half of Gold’s Market Cap
VanEck’s Head of Digital Assets Research predicts Bitcoin could attain half of gold’s market capitalization after the April 2028 halving. The forecast reflects shifting preferences among younger investors toward digital store-of-value assets amid record highs for both Bitcoin and gold.
Bitcoin Surges Past $126,000 Amid Institutional Demand
Bitcoin breached $126,100 for the first time on Oct. 6, 2025, driven by record US spot ETF inflows and macro uncertainty. The rally retraced to $123,500, with support at the prior all-time high. Traders await Fed signals later this month.
Bitcoin ETFs Post Largest Daily Inflow of 2025
US spot Bitcoin ETFs recorded $1.21B in net inflows on Oct. 6, 2025, the largest daily intake of 2025. Total ETF assets reached $169.48B, representing 6.79% of Bitcoin’s market cap. BlackRock’s iShares Bitcoin Trust contributed $969.95M of the inflows.
Crypto Digest — 07 October 2025
📢 Read the daily digest for 2025-10-07: 📰 top news, 📊 analytics and 🌍 events of the day in one place. Stay up to date with what s important!
BNB Chain Integrates Chainlink to Onboard Official U.S. Economic Data Onchain
BNB Chain adopted the Chainlink Data Standard to make trusted US Department of Commerce data, such as GDP and PCE price index, available onchain. The integration aims to enhance reliability for DeFi, RWAs and prediction markets.
Griffin AI Relaunches GAIN Token After $3M Bridge Exploit
Griffin AI resumed GAIN token trading on major exchanges after a September bridge exploit that minted 5 billion counterfeit tokens. A $2.5 million buyback fund was established to compensate legitimate holders and restore investor confidence.
Stablecoins Could Draw $1 Trillion in Deposits from Emerging Market Banks
Standard Chartered analysts predict stablecoins may siphon $1 trillion from banks in vulnerable emerging markets over three years as depositors favor capital preservation and access. This represents about 2% of total deposits in countries like Egypt and Turkey.