Binance CEO Richard Teng breaks down the ‘10/10’ nightmare that rocked crypto

Binance did not cause the crypto market liquidation event on Oct. 10, but every exchange — centralized or decentralized — saw massive liquidations that day after China imposed rare earth metal controls and the U.S. announced fresh tariffs, said Binance Co-CEO Richard Teng. About 75% of the liquidations took place around 9:00 p.m. ET, alongside…

Ethereum Set For V-Shaped Recovery, Fundstrat’s Lee Says

Fundstrat head of research Tom Lee said he expects Ether to rebound quickly following recent declines, arguing the asset has experienced eight such recoveries since 2018. “A lot of people are frustrated, but keep in mind that Ethereum, since 2018, has fallen more than 50% eight times,” Lee said at a conference in Hong Kong…

WhatsApp Accuses Russia of Restricting Access for Millions of Users

WhatsApp, the messaging app owned by social media giant Meta, has accused Russia of attempting to block access for millions of its users to push them towards its state-owned alternative. “Trying to isolate over 100 million users from private and secure communication is a backward step and can only lead to less safety for people…

Bitcoin Slips Below $66K As Absent Spot Demand Benefits Bears

Bitcoin (BTC) has now retraced for three straight days, slipping below $66,000 during the New York session on Wednesday. The decline came after a failed push above $70,000, as weak buying interest allowed sellers to maintain control. Onchain data suggest that the pullback appears driven by spot-led selling on Binance, while the lack of a…

Bitcoin, Altcoins Consolidate In Search Of New Price Floor

Key points: Bitcoin spot selling keeps a $60,000 retest open as a short-term outcome. Several major altcoins risk resuming the downtrend, indicating a negative investor outlook. Bitcoin (BTC) has again come under pressure, dropping below the $66,000 level during the early hours of the US trading session. According to Kaiko Research, a 52% retracement from…

Per-transaction encryption to fight malicious MEV

Malicious MEV attacks pose a significant threat to traders on Ethereum. Our latest research shows that almost 2,000 sandwich attacks happen daily and more than $2 million is extracted from the network each month. Even traders who execute large WETH, WBTC or stable swaps remain at risk and can lose a substantial portion of their…

ETH Rally At Risk Due To Network Growth Challenges, US Macro

ETH price moved above $2,150 as Bitcoin and US stock markets rallied, but does data show whether derivatives traders have turned bullish yet? Key takeaways: Ethereum maintains dominance in its total value locked metric, yet faces scrutiny over layer-2 scaling. ETH inflation rose to 0.8% as onchain activity slowed, while US macroeconomic fears kept the…

SEC’s Cooled Enforcement Policy ‘Not Good’ for Crypto Industry: Congressman

US lawmakers questioned Securities and Exchange Commission (SEC) Chair Paul Atkins at a hearing on Wednesday about the agency’s enforcement actions against the crypto industry and why several cases were dismissed since the leadership change. Enforcement actions since US President Donald Trump assumed office, and appointed Atkins as SEC chair, are down by 60%, Representative…

Bitcoin $60K Retest Possible Due To Growing Liquidity Gap

Bitcoin (BTC) price fell to $65,800 on Wednesday, slipping back below key intraday trend lines and raising concerns that last week’s drop to $60,000 may not have been the final bottom. Now, analysts say the possibility of another drop to the yearly low ($59,800) is increasing due to a growing liquidity gap between $66,000 and…

BlackRock exec says even a 1% crypto allocation in Asia could unlock $2 trillion in new flows

Even a modest model portfolio allocation to crypto in Asia could drive massive inflows into the market, according to Nicholas Peach, head of APAC iShares at BlackRock. Speaking on a panel at Consensus Hong Kong, Peach said rising institutional acceptance of crypto exchange-traded funds (ETFs) — particularly in Asia — is reshaping expectations for the…