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By Omkar Godbole (All times ET unless indicated otherwise)It’s a tough market to trade as bitcoin’s BTC$111,810.53 price swings sharply. Following a late Thursday drop from $123,000 to $120,000, BTC has recovered to trade around $121,400, with privacy coins such as ZEC$262.47 and DASH$37.75 rising sharply. The CoinDesk 20 Index has bounced to 4,178 points from the overnight low of 4,097.BTC’s volatility has picked up, likely in expectation of another Fed rate cut later this month.”Bitcoin volatility is poised for a breakout. Implied volatilities across 14, 30, and 90-day expiries have surged to their highest levels in the past 30…

In brief The Monetary Authority of Singapore has deferred new crypto prudential standards to the start of 2027. MAS delayed the rollout from January 1, 2026 due to crypto industry concerns raised in a consultation on the changes. Respondents warned that the proposed risk classifications could unfairly penalize assets built on permissionless blockchains, potentially stifling innovation. The Monetary Authority of Singapore has deferred new crypto prudential standards by a year, with the rollout now set to go into force at the start of 2027.The move followed industry concerns over timing and treatment of blockchain assets.The Monetary Authority of Singapore (MAS)…

Bitcoin may be entering one of the most pivotal phases in its history. Veteran trader Peter Brandt, renowned for accurately predicting past market cycles, suggests that BTC could soon enter unprecedented price discovery—provided it does not peak prematurely. Brandt notes that Bitcoin’s trajectory aligns closely with previous halving-driven cycles, which follow a consistent pattern from cycle low to halving to cycle high. “It is reasonable to expect a bull market high any day now,” Brandt said, citing the symmetry in Bitcoin’s three prior cycles. At the time of writing, Bitcoin trades near $122,022, reflecting a nearly 10% gain over the…

People close to Changpeng Zhao, the former CEO of Binance better known as ‘CZ,’ say discussions are intensifying inside the Trump White House over whether to issue a presidential pardon for the embattled crypto executive, according to reporting from Charles Gasparino, a Senior Correspondent at FOX Business.  Zhao, once among the most influential figures in the digital asset world, served time following a plea deal with the U.S. Department of Justice in 2023 that included a money-laundering conviction and $4.3 billion in fines for Binance.  But according to several sources familiar with the matter, many within Trump’s inner circle now…

The native token of the BNB Chain, BNB, is down more than 2.5% in the last 24 hours, continuing its slide from a new all-time high above $1,300 registered earlier this week.BNB rose 129% over the past year, outpacing both bitcoin and ether, as renewed momentum in the BNB Chain ecosystem kicked off a new wave of capital rotation.Trading volatility remains high, with the token swinging within a $62 range from Oct. 9–10 before closing at $1,250, according to CoinDesk Research’s technical analysis model.Jack O’Holleran, CEO of SKALE Labs, told CoinDesk the recent surge appears to be driven by Binance’s…

Key points:Bitcoin and altcoins reel from the biggest liquidation event in crypto history.BTC price action fails to stage a rebound from multi-week lows, with $100,000 getting closer.Crypto is beginning a “cleanse” of bull-market euphoria, a trader says.Bitcoin (BTC) pressured $110,000 support on Saturday as the dust settled on a record $20 billion liquidation event.BTC/USD one-hour chart. Source: Cointelegraph/TradingViewTrader sees start of “crypto cleanse”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD struggling to rebound after falling to three-week lows on Bitstamp.Fresh market nerves over the US-China trade war punished risk assets across the board. The S&P 500 closed down 2.7%…

Metaplanet (MTPLF) has announced it will suspend the exercise of its 20th to 22nd series of stock acquisition rights, also known as Moving Strike Warrants, from Oct. 20 to Nov. 17. The suspension, which applies to warrants issued through a third-party allotment to Evo Fund, will pause the exercise of all remaining rights for a 20-day trading period.What it meansMetaplanet is essentially halting, for now, the sale of common stock to fund additional bitcoin purchases. The company is doing this after a months-long collapse in its stock has left the share valuation at just barely above the value of the…

On Thursday, a single user on the decentralized trading platform Hyperliquid lost about $21 million after a private key leak led to an exploit involving the platform’s Hyperdrive lending protocol.According to blockchain security company PeckShield, the attacker targeted 17.75 million DAI (DAI) and 3.11 million SyrupUSDC, a synthetic version of the USDC stablecoin used within Hyperdrive, and subsequently bridged the stolen funds to Ethereum.PeckShield has not confirmed how the private key was compromised.Source: PeckShieldAlertThe exploit comes amid rapid growth for Hyperliquid, which has attracted significant attention due to its points-based rewards program designed to boost liquidity and user participation. The…

The crypto market experienced its largest liquidation event ever on Friday night U.S. time, forcing out leveraged bullish bets worth $16 billion across bitcoin BTC$111.477,64, ether ETH$3818,17, XRP$2,4675, solana SOL$186,29, and the broader altcoin market. Several altcoins have crashed between 20% to 40% as the market recoiled.Naturally, bulls may be wondering whether the recovery could be swift or take time. Understanding the process that follows a crash like this suggests the recovery is likely to be gradual, testing the patience of bullish investors.”When the market turns like this, there’s usually a pretty straightforward playbook for the aftermath,” Zaheer Ebtikar, chief…

The liquidations are through the roof, prices are collapsing, and here’s what we know so far. The events that transpired in the past day or so are not unusual in the ever-volatile cryptocurrency market, but they tend to harm certain traders more than others. While many felt the pain of being liquidated, others seem to profit. In the span of just 12 hours or so, the entire market went from a capitalization worth $4.120 trillion on TradingView to $3.3 trillion, which meant a wipe-out of almost $900 billion. This pushed the metric down to its lowest levels since July,…