šŸ”Market Summery

Our detailed market analysis is being prepared and will be published here soon — stay tuned for insights and trends.

$0 SHIB Burned in 24 Hours: What's Happening to Burns?

$0 SHIB Burned in 24 Hours: What's Happening to Burns?

temporarily saw a period of zero burns before this quickly flipped as the SHIB burn address received fresh tokens.Earlier on Saturday, Shiba Inu's burn tracker reported $0 worth of SHIB burned over 24 hours, marking a pause in SHIB burns. Shortly after, a single burn transaction of 20,408,894 SHIB b…

Swell Network Halts swETH, rswETH Deposits and Withdrawals, Says Assets Are Safe

Swell Network Halts swETH, rswETH Deposits and Withdrawals, Says Assets Are Safe

Swell Network, a decentralized finance protocol, has temporarily suspended deposits and withdrawals for its Ethereum-based staking tokens swETH and rswETH. The move came after a gap emerged between the tokens' actual value and the value shown in their smart contracts.Digital-asset outlet Unchained r…

CMCC Global to Tokenize Bitcoin Fund Offerings With Tether, Bitfinex Securities

CMCC Global to Tokenize Bitcoin Fund Offerings With Tether, Bitfinex Securities

Digital-asset investment manager CMCC Global is partnering with Tether and Bitfinex Securities to tokenize Bitcoin investment funds.NewsBTC reported on October 24 that CMCC Global plans to issue tokenized versions of two existing funds it manages.The funds are Crest and the Liberty Bitcoin Accumulat…

Coinbase Warns of Bitcoin Long Liquidation Risks

Coinbase Warns of Bitcoin Long Liquidation Risks

In a post on X, the Markets account reported that the largest cluster of net long Bitcoin positions was entered at an average level of $81,993. With Bitcoin price now trading below that level, traders' positioning is back in focus.The largest cluster of net long BTC positions entered at $81,993. Wit…

HSBC Adds Hong Kong Dollar Stablecoin RedCoin to PayMe

HSBC Adds Hong Kong Dollar Stablecoin RedCoin to PayMe

HSBC has added Hong Kong dollar-based stablecoin RedCoin to its mobile payments service PayMe.Decrypt, a digital-asset news outlet, reported on October 24 that HSBC launched the RedCoin service on PayMe a day earlier. More than 3.3 million PayMe users will be able to activate the wallet function and…

Fidelity Says Bitcoin Could Hit $200,000 Faster Than Expected

Fidelity Says Bitcoin Could Hit $200,000 Faster Than Expected

Fidelity said Bitcoin could take less time than in past cycles to rise from $100,000 to $200,000.Bitcoin News reported on October 24 that Zack Wainwright, a research analyst at Fidelity Digital Assets, said Bitcoin took about 16 years to top $100,000 for the first time. The climb from $100,000 to $2…

Anthony Scaramucci Once Shared This Cautionary Tale for Navigating Personal and Business Relationshi

Anthony Scaramucci Once Shared This Cautionary Tale for Navigating Personal and Business Relationshi

Skybridge Capital founder Anthony Scaramucci once warned that ego and pride can cloud judgment and should be kept out of decision-making.How Scaramucci Learned a ā€˜Big Lesson’Speaking to journalist Katie Curic on Sept. 24, Scaramucci reflected on a ā€œcolossalā€ mistake he regrets to this day.The financ…

XRP Hit by 2008% Liquidation Imbalance as Market Selloff Intensifies

XRP Hit by 2008% Liquidation Imbalance as Market Selloff Intensifies

fell early Saturday amid an ongoing market selloff, which left leveraged bullish traders facing forced liquidations, leading to a 2,008% imbalance.A liquidation imbalance of this size indicates that traders betting on higher XRP prices are being liquidated at a substantially greater rate than those …

Sygnum Launches Bitcoin Loans With Collateral Keys Shared Across Parties

Sygnum Launches Bitcoin Loans With Collateral Keys Shared Across Parties

TL;DR: Sygnum and Debifi have launched MultiSYG, a Bitcoin-backed lending service using segregated multisignature wallets. The arrangement spreads control of collateral across several parties, while borrowers remain exposed to the economics of a secured loan.Sygnum and Debifi launched MultiSYG on Oc…

Bitcoin Keeps Reversing. Why Are 80% of Crypto Tokens Falling?

Bitcoin Keeps Reversing. Why Are 80% of Crypto Tokens Falling?

Bitcoin has spent October making both bulls and bears look foolish. It slipped below $80,000 last week, recovered toward $84,000 this week, then fell back toward $81,000.Each bounce has looked promising. Each reversal has exposed how little confidence there is behind it.The damage is much worse bene…

Bitcoin Loses $80,000 as $200 Million in Leverage Unwinds in an Hour

Bitcoin Loses $80,000 as $200 Million in Leverage Unwinds in an Hour

Bitcoin slipped below $80,000 on Saturday as more than $200 million in crypto positions were liquidated within an hour. Traders betting on higher prices accounted for $191.33 million of that total.Ethereum fell alongside the leading crypto. BeInCrypto Markets data shows the total crypto market cap d…

Wall Street Assets Take Nearly A Quarter Of Crypto Perpetual Trading: Glassnode Report

Wall Street Assets Take Nearly A Quarter Of Crypto Perpetual Trading: Glassnode Report

Bitcoin (BTC) fell to $80,000 on Saturday as traditional financial assets including stocks, ETFs, indices, gold and oil are capturing a larger share of trading activity on crypto exchanges. Perpetual futures tied to these assets made up 23.5% of volume in August, up from just 0.5% in November of las…