Circle Highlights USDC as Most Trusted Stablecoin in Regulated Financial Markets
Circle Highlights USDC as Most Trusted Stablecoin in Regulated Financial Markets
USDC is cementing its role at the heart of regulated digital finance, with surging adoption, institutional backing, and unmatched liquidity fueling its rise as a global standard. Circleâs USDC Emerges as Cornerstone of Regulated Digital Currency Framework Growing institutional demand for regulated digital currencies continues to redefine the global financial landscape. The digital payments firm [âŠ]
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Market Manipulation or Trump Tariff Threat? Long Positions Suffer $16.8 Billion Loss in Crypto Market Shakeout
On Oct. 10, bitcoin briefly plunged below $110K, triggering $19.31 billion in liquidations and impacting over 1.6 million traders. Widespread Liquidations Mark a Historic Collapse What began as a promising week for bitcoin ( BTC)âafter it twice set new highsâended in dramatic fashion as the cryptocurrency briefly plunged well below $110,000. Bitstamp data recorded BTCâs [âŠ]
- NEWSBTC
Hereâs Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing
The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trumpâs move, which has ignited fears of a full-blown trade war with China. Why The Bitcoin, Ethereum, and Dogecoin Prices Are Crashing The Bitcoin, Ethereum, and Dogecoin prices are down today, according to CoinMarketCap data. The flagship crypto has dropped to as low as $104,000 over the last 24 hours, wiping out its early October gains that led to a new all-time high (ATH) above $126,000. Ethereum dropped to as low as $3,400, while Dogecoin broke below the psychological $0.2 level and fell to $0.11. Related Reading: Institutions Dump Massive Amounts Of Bitcoin And Ethereum As XRP And Solana Buying Ramps Up This massive crash in Bitcoin, Ethereum, and Dogecoin followed Trumpâs Truth Social post, in which he announced that the U.S. will impose a 100% tariff on China, over and above any tariffs they are currently paying, starting on November 1. He added that they will also impose Export Controls on any and all crucial software from China starting on November 1. Notably, Trump had earlier in the day threatened to massively increase tariffs on China, while stating that the country was becoming hostile. This initial threat caused Bitcoin to sharply drop below $120,000 from a high of around $122,000. Meanwhile, the Ethereum and Dogecoin prices also faced sharp declines. Bitcoin was trading around $116,000 when Trump announced a 100% tariff on China, which sent the crypto market into a spiral. BTCâs further decline also pushed Ethereum and Dogecoin to intraday lows of $3,400 and $0.11, respectively, extending their market losses. Meanwhile, these massive declines for the crypto assets contributed to the largest liquidation event in cryptoâs history. CoinGlass data shows that $20 billion has been wiped out from the crypto market in the last 24 hours, driven by crashes in Bitcoin, Ethereum, and Dogecoin prices. This liquidation event was larger than the COVID-19 crash and the FTX bankruptcy crash. Exchanges May Have Contributed To The Crash BitMEX co-founder Arthur Hayes suggested that crypto exchanges may have contributed to the crash in the Bitcoin, Ethereum, and Dogecoin prices. In an X post, he stated that the word on the street is that big CEXâs auto liquidation of collateral ties to cross-margined positions is why many altcoins âgot smoked on the move down.â He congratulated those who bought the dip, stating that market participants are unlikely to see those levels again anytime soon on many high-quality altcoins. Related Reading: Bitcoin Short-Term Prediction: Why The Price Will Cross $140,000 By The End Of October Crypto analyst Kevin Capital opined that the drop in Bitcoin, Ethereum, and Dogecoin prices was caused by serious issues across top exchanges like Robinhood, Coinbase, and Binance. He added that what makes it even worse is that these exchanges didnât let people buy the dip at the lowest point. Featured image from iStock, chart from Tradingview.com
Coinbase CEO Warns Crypto Industry âWonât Acceptâ Senate Democratsâ Crackdown On DeFi
Brian Armstrong, CEO of Coinbase, has criticized Senate Democratsâ controversial proposal to regulate the DeFi sector, which has reportedly stalled bipartisan talks on the long-awaited crypto market structure legislation. Related Reading: BNB Smart Chain (BSC) Hits Record 5 Trillion Daily Gas Usage As Network Activity Surges Coinbase CEO Slams Democratsâ Proposal In a Friday X [âŠ]
Morgan Stanley Opens Crypto Doors: All Clients Welcome To Invest
Morgan Stanley, one of the largest investment firms in the US, announced on Friday that it will broaden access to crypto investments for all clients, including those with retirement accounts. This shift, reported by CNBC, allows financial advisors to present cryptocurrency funds to any client starting October 15, moving away from the previous restrictions that [âŠ]
$75 Billion Linked to Crypto Crime Drives Blockchain Collaboration With Law Enforcement
$15 billion in illicit entity balances and $60 billion in downstream wallets are reshaping global enforcement, revealing a vast, traceable pool of crypto-linked assets ripe for recovery. $75 Billion in Crypto-Linked Illicit Holdings Drives New Wave of Global Seizures Growing coordination between blockchain investigators and law enforcement is redefining how digital assets tied to crime [âŠ]
Dogecoin Adoption: Holders Cross 8.1 Million, Ahead Of XRP & ADA
On-chain data shows Dogecoin holders have broken the 8.1 million milestone. Hereâs how other cryptocurrencies like XRP and Cardano compare. Dogecoin Holder Count Above Other Altcoins, But Still Below Bitcoin & Ethereum In a new post on X, on-chain analytics firm Santiment has shared about how the various coins in the cryptocurrency sector currently compare [âŠ]