Author: Jeremy Ryan

On the 7th and 8th of October, the crypto long liquidations totaled a remarkable $1.707 billion. Since the market rally began in mid-August, bears have largely borne the brunt of liquidation events. For example, there were $924.8 billion in short liquidations on the 21st of September, and $1.259 billion worth of short liquidations on the 21st of August. The sudden turnaround was part of the Bitcoin [BTC] correction that was extending toward the $80k mark and could go lower. Source: Farside Investors The anticipated “Uptober” has gotten off to a rocky start. The spot ETF BTC flows in October were a…

Binance co-founder Changpeng Zhao (CZ) urged crypto investors to impose a strict “quarantine” period on new hardware wallets. The warning came amid an incident in Southeast Asia in which users lost more than $86 million after a local Ledger distributor was compromised.Events this fall have exposed a new vulnerability in the industry: hackers have shifted their focus from exploiting digital bugs to physically intercepting devices during delivery.Binance founder CZ shares a security tip on wallet quarantine, Source: CZ via X.comCommenting on the risks, Changpeng Zhao recommended against transferring large amounts of assets to new addresses immediately after purchasing a device…

British banking giant HSBC and Ant Digital Technologies have tested a system that lets AI agents access digital services and make micropayments using tokenized bank deposits, with transactions settled in real time on a blockchain testnet.According to Friday’s announcement, the test combined HSBC’s Tokenised Deposit Service with Ant Digital’s Anvita Flow network, which enables AI agents to find and use services, and Jovay Testnet, a layer-2 blockchain testing environment.HSBC provided settlement capabilities and real-time risk checks, while Ant Digital’s network coordinated service access and payments. The demonstration showed an AI agent selecting a digital service and completing a payment. The…

Cross-border money transfers using stablecoins on Solana, built into the Samsung Wallet experience Galaxy users already know. Samsung Wallet and Samsung Pay will support stablecoins on Solana. Samsung Wallet users in the United States will be able to send money across borders using USDC beginning the last week of October 2026. Built into Samsung Wallet and 82 million U.S. Galaxy devices The feature is built into Samsung Wallet rather than alongside it. Users will be able to send a remittance from the same interface they already use for cards, boarding passes and IDs, with integrated fiat on- and off-ramps converting…

The primary target for this capital is a massive pool of dormant wealth. Sui estimates that roughly $1 trillion worth of Bitcoin is currently sitting idle. Until now, institutional and corporate balance-sheet holders have lacked a compliant, transparent ecosystem to safely deploy their native Bitcoin in decentralized finance (DeFi).This launch comes amid a broader shift in Bitcoin-backed finance, where borrowing is moving far beyond speculative crypto trading. Bitcoin holders now use bitcoin-collateralized loans to cover real-world expenses like university tuition, real estate acquisitions, and corporate working capital.”Public companies and institutions hold enormous amounts of Bitcoin, but their ability to use…

Coinbase plans to introduce spot borrowing with up to 10x leverage, letting eligible traders borrow against collateral to buy crypto on spot markets, but US customers who do not qualify as Eligible Contract Participants will be excluded.The exchange’s Oct. 7 announcement puts the rollout in the coming weeks. Access will depend on customer eligibility and selected jurisdictions, but Coinbase does not identify those countries, so availability cannot be assumed for every trader outside the US.For US individuals, a 2021 statement by a commissioner at the CFTC, the US derivatives regulator, describes discretionary investments exceeding $10 million in aggregate, or exceeding…

In January 2025, ESMA said custody and transfers of non-compliant stablecoins could carry on after delisting. Thursday’s opinion brings both into scope. Licensed EU crypto firms have until early January 2027 to wind down services for stablecoins that fail MiCA, the European Securities and Markets Authority (ESMA) said on Thursday. ESMA set that three-month deadline in an opinion addressed to national supervisors. The opinion covers asset-referenced tokens (ARTs) and e-money tokens (EMTs) that do not meet MiCA’s conditions for a lawful offer or trading in the EU. It names no individual token. Supervisors are told to check whether a firm…

Update on Werewolf Boss Loot In a recent patch on October 8, Onchain Heroes has made a significant adjustment to the gameplay of Axie: Den of Mysteries. Previously, players sometimes left empty-handed after defeating the Werewolf boss; now, any failure to receive a Blessing will instead guarantee a payout of 100 Treasure. This change aims to enhance player satisfaction and ensure that efforts in the dungeon are rewarded. Upcoming Raffle Draw The update coincides with the second raffle draw of the DoM: Reborn event, which will take place on October 8 at 4:30 p.m. UTC, shortly after the game’s weekly…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. TL;DR: PowerCompute mined 8.1 BTC in September, up 37% from a year earlier. Its month-end Bitcoin holdings fell to 63.7 BTC after the company used 267.4 BTC to help retire a $22.45 million Bitcoin-backed credit facility, leaving most of its secured debt eliminated. PowerCompute’s latest mining…

A late-Thursday slide in crypto hit ether traders hardest, with about $356 million in ether liquidations over 24 hours. Bitcoin positions saw $298 million, even though bitcoin’s market value is more than five times ether’s.A liquidation happens when a trader borrows to make a bigger bet and losses eat through the collateral they put up, so the exchange closes the position automatically, often selling into an already falling market and pushing prices lower for the next trader in line.Across the market, $1.19 billion was liquidated over 24 hours, and over $1 billion of it came from longs, or traders betting…