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While bitcoin BTC$112,379.52, ether ETH$3,826.38 and other major cryptocurrencies tumbled in a $19 billion liquidation event on Friday, major gold-backed digital assets bucked the trend amid the precious metal’s rally.Tokens tied to physical gold, including Paxos’ PAXG and Tether’s XAUT, were among the few to hold their ground, and even edge higher, as broader markets sank.Bitcoin lost 8.5% of its value in the last 24-hour period, while the broader crypto market plunged 12.75% as measured by the CoinDesk 20 (CD20 ) index. PAXG has meanwhile dropped just 0.23% to $3,998, while XAUt is up 0.2% to $4,010. A troy ounce…

Investors withdrew 230,000 ETH from exchanges in just 48 hours Ethereum joined the rest of the market in the past day by plummeting to a multi-month low of $3,500 before recovering slightly to $3,850 as of now. During this harrowing crash, different investors showed various behavior types, from mass selling to buying the dip. The ETH flash crash in the summer of 2017 is the closest event I can think of in comparison to what happened yesterday. Even during the Covid crash I can’t remember so many major alts losing so much so swiftly. Difference with this liquidation cascade…

In brief Zanmai Labs must provide bank guarantees of approximately Rs 45.38 crores to protect CoinSwitch’s claims, following the Bombay High Court’s dismissal of its challenge to arbitration orders. The court rejected WazirX’s attempt to “socialize” losses across all platform users through its Singapore parent company’s restructuring scheme. Justice Somasekhar Sundaresan ruled that Zanmai cannot escape accountability by claiming cybersecurity was Binance’s responsibility under an alleged 2019 acquisition. The Bombay High Court has ruled Indian crypto exchange CoinSwitch can secure its stolen assets held on the embattled WazirX platform.Up until now, WazirX operator Zanmai Labs, which is an Indian subsidiary…

Tether’s accumulation of United States Treasuries puts the stablecoin issuer on a path to enter the top five foreign holders by 2033 under a realistic acceleration case, based on current balances, stated purchase activity, and the moving threshold set by the U.S. Treasury’s TIC data.The projection assumes Tether continues adding to its book at a higher annual net pace each year, while the fifth-place line among foreign holders continues to shift.As of June 30, the firm held about $127 billion of U.S. Treasury exposure, split between roughly $105.5 billion of direct bills and $21.3 billion of indirect exposure.This places Tether 18th…

The Bitcoin, Ethereum, and Dogecoin prices are crashing today, sparking bearish sentiment in the crypto market. This followed the U.S. President Donald Trump’s 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…

A crypto whale has pocketed over $160 million in profits after correctly betting on Bitcoin and Ethereum’s recent price decline.On October 11, blockchain analysis platform Lookonchain reported that a long-term Bitcoin holder had opened more than $1.1 billion in short positions on the top two cryptocurrencies by market capitalization.Sponsored SponsoredHow Bitcoin Crash Made This Trader $160 Million RicherThe trader effectively wagered that both assets would drop in value despite their recent bullish momentum. Within just 30 hours, that prediction proved right—Bitcoin and Ethereum prices fell sharply, earning the trader an estimated $160 million in realized profit.Following the sell-off, the trader…

XRP price saw one of its sharpest drops of the year. It plunged from $2.83 to as low as $1.77 in a matter of hours before bouncing to around $2.44.Even after that rebound, the token is still down about 14% in 24 hours and nearly 20% weekly. But the data shows this wasn’t a normal sell-off — it was a panic-led, derivatives-driven flush, not real token selling. And now that the XRP price rebound is shaping up, a key group is seen adding to the token stash. Sponsored SponsoredPanic-Led Derivatives Crash, Not Spot SellingOn-chain data confirms that this was not…

Mike Novogratz’s Galaxy Digital has secured a $460 million private investment from one of the world’s “largest asset managers” to accelerate the transformation of its former Bitcoin mining site in Texas into an AI data center.The deal involves the purchase of 12.77 million Class A shares at $36 per share, with the proceeds earmarked for general corporate use and the expansion of its Helios campus, expected to deliver 133 megawatts of IT capacity in early 2026, the company announced Friday. “Having one of the world’s largest and most sophisticated institutional investors make such a significant investment in our company will…

Network Switches Market USA, New Jersey: Verified Market Research reports that the Network Switches Market size was valued at USD 30.31 Billion in 2022 and is projected to reach USD 47.38 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This steady growth is driven by increasing environmental regulations, rising awareness of pollution control, and expanding applications in industries such as manufacturing, energy, and healthcare.Market Opportunities, Trends, and Pricing Analysis: Network Switches (2025-2033)Opportunities & Market SizingThe network switches sector is positioned for substantial volume and value expansion through 2033, driven by surging data center capacity, edge…

Luisa Crawford Oct 11, 2025 08:37 Market analysts highlight Bitcoin’s unusual decline this month, noting October typically brings gains. Historical patterns suggest swift rebound ahead. Bitcoin’s recent price action has caught the attention of economists and market analysts, who are pointing to an unusual deviation from historical patterns that could signal an imminent recovery for the world’s largest cryptocurrency. The digital asset has experienced a decline of more than 5% during October 2025, a development that economists are describing as exceptionally rare given the month’s traditionally bullish reputation in cryptocurrency markets. According to…