• BTC Flash Crash, Erased $1T From Peak: BTC dropped $81K (lowest in 7 months), lost 31% from peak $126K in October, liquidations $2B (BTC $335M). Record ETF outflows $903M on 21/11, BlackRock IBIT lost $463M.
• ISO 20022 Switch – Boost For Crypto: Today 22/11, SWIFT transitioned to the global ISO 20022 standard, supporting structured data for payments.
• BTC Hits Bottom, Erases Yearly Profits: The recent drop caused BTC to fall below $90K (the lowest in 6 months), losing 27% from the peak of $126K in October, liquidations $1B+ (BTC $335M). ETF outflows $2B last week (BTC $1.22B, ETH $508M), BlackRock IBIT loses record $463M. • Japan reduces crypto tax from 55% to 20%, stimulus package ¥17T ($110B). Singapore launches BTC/ETH perpetuals for institutions (11/24), Grayscale may launch DOGE ETF on the same day. The White House is considering offshore crypto taxes; SEC reviews GENIUS Act staking rewards.
• Trump signs to end the record 36-day shutdown. The Senate drafts a market structure bill, the GENIUS Act, considering staking rewards. The SEC is about to announce token classification; the IRS guides ETP staking assets. • XRP ETF Launches: The XRP ETF (XRPC) officially trades in the U.S., but XRP still drops 4.3% to $2.16, searching for a bottom at $2.22. Ripple Swell: raised $500M, valued at $40B; RLUSD reaches $1B.
Coinbase Relocates to Texas & Expands in Singapore
Coinbase moved from Delaware to Texas due to a friendly business environment, while launching Coinbase Business in Singapore with Standard Chartered – supporting SMEs to trade USDC/XSGD in real-time. Circle Q3: USDC circulation $73.7B (+108% YoY).
• Bybit Acquires Korbit: Bybit is negotiating to purchase Korbit (the 4th largest exchange in South Korea) with a share value of 31.5% from SK Planet, aiming for full ownership. This strengthens Bybit's position in Asia, where Korean crypto volume increased by 20% in Q3. • Token Unlocks This Week: LINEA unlocks 1.02B tokens (23.4% supply) on 11/11, price dip -10% down to $0.01047. Next week: PUMP ($41.57M), APT ($36.33M), STRK ($18.91M), SEI ($17.51M). High dilution risk. • ETF Flows Last Week: BTC ETFs outflow $1.22B (third largest in history), ETH $508M outflow. However, Solana ETFs inflow $137M, Bitwise SOL ETF (BSOL) attracted >$500M seeds.
Balancer kêu gọi hacker trả $120M sau multi-chain exploit; Polymarket bị nghi 25% volume giả.Hyperliquid test Borrow-Lending-Protocol (BLP) cho on-chain lending; EtherFi, Aerodrome, Lighter, Folks Finance launch mới với fast tx features. UX upgrades cho smart-wallets và account abstraction để DeFi trở nên dễ sử dụng hơn.
• BTC ETFs Recovery: Spot Bitcoin ETFs recorded a capital inflow of $240M on 07/11, ending a 6-day outflow streak. Total inflows this month have turned positive, with Solana ETFs attracting $29.2M. • XRP Explodes: XRP outperforms BTC with a significant volume increase, thanks to the ETF filing entering the '20-day window.' Investors withdrew $300M XRP from the exchange, but the risk from long-term holders remains. • DeFi & Hack Risks: A major DeFi exploit caused a loss of $93M for Stream Finance, leading to a suspension of operations. Yield-bearing stablecoins outflow $1B - the largest since the Luna collapse. The DePIN sector increased by 10%+, led by Filecoin (+53%).
1. Bitcoin & Trump Effect • Trump announces 'Strategic Bitcoin Reserve' will be considered by Congress next week. • MicroStrategy bought another 15,350 BTC at $84K → total holdings: 262,048 BTC. • Bitcoin ETF: +12,400 BTC inflow (led by BlackRock). 2. Ethereum & Layer 2 • Pectra upgrade confirmed Q1 2026 → staking reward increases 15-20%. • Base (Coinbase L2) TVL exceeds $3B, gas fee only $0.0003. • ETH/BTC ratio recovers to 0.038 (highest in 3 months).
1. BTC Rebound: $103K, But Government Shutdown Cools Down Overall crypto +1.5%, Telcoin (TEL) leads +28%, XRP +7% thanks to new ruling. U.S. government shutdown prolongs regulatory impact, Trump promises to expedite crypto bill by year-end. #BTCRebound 2. YouTube “Opens Doors” to Crypto Content YouTube updates policy: No longer bans videos about NFT/gaming crypto! Game token volume increases by 18%, predicting DeFi TVL to reach $150B Q4. 3. Ripple Swell 2025: XRP Ledger “Super Fast” Ripple partners with Mastercard & Gemini to launch stablecoin RLUSD on XRP Ledger for credit card payments. Processing volume $100B+, XRP up 3%. India recognizes XRP as “digital property”!
• Bitcoin surpasses $100k again: BTC rises sharply after hitting a bottom of $98k, thanks to inflows from the spot ETF reaching $1.9 billion last week. Analysts from JPMorgan predict BTC could test $110k if the Fed continues to ease policy. • Ethereum surges with the Fusaka hard fork: ETH leads the rally (+8.39%) thanks to the upcoming Fusaka hard fork expected in early November, improving staking yield and tokenized assets. Whales are accumulating strongly, with a large holder withdrawing 34,155 ETH ($111.6M) from Binance to 'buy the dip'. Tom Lee forecasts ETH to reach $5,500-$12,000 by the end of 2025.
The market is in a strong pullback phase, with total capitalization down 4.28% to $3.54 trillion in the past 24 hours, mainly due to the Fed signaling no further rate cuts (based on strong U.S. labor data). Bitcoin dominance has increased to 60.22%, indicating that BTC is 'safer' than altcoins. Trading volume surged to $210.2 billion (+108%), mainly from stablecoins (98%). • The market is dumping due to macro: Fed officials signal no more rate cuts, a strong USD makes crypto weaker. BTC -2.9% down to ~107k (from CryptoNews), ETH -4.5% down to 3,713 (Yahoo Finance). Total cap decreased 3.5% to 3.69T. Uniswap and DOGE dumped the hardest (-9% and -6.9%).
1. SEC approved Solana spot ETF – VanEck & 21Shares officially listed from 4/11/2025 (source: Bloomberg, CoinDesk, SEC filing) 2. MicroStrategy bought an additional 12,220 $BTC at an average price of $108,500 → total holdings: 292,220 BTC (~$31.8B) 3. Fed signals 50bps cut in December → probability 78% (CME FedWatch) → major catalyst for risk-on assets 4. Trump Crypto Reserve Act was submitted to the House – including BTC, $ETH , $SOL , XRP (source: Fox Business, CoinTelegraph)
The cryptocurrency market continues to decline sharply following the Fed's decision to cut interest rates (25 bps to 3.75%-4%), with profit-taking and large liquidations putting pressure on the market. The total market capitalization decreased by 3.97% to $3.63T (down from $3.78T yesterday), while trading volume increased by 25.24% to $202B thanks to stablecoins (which make up 97.66%). The Fear & Greed Index is at 35 (Extreme Fear), reflecting heightened fear after $1.12B in liquidations in 24 hours (mostly long positions). Bitcoin dominance slightly increased to 59.16%, indicating that $BTC still serves as a "safe haven" amidst the storm.
The cryptocurrency market is in a period of rest and waiting after significant volatility in October (the failed 'Uptober' with $19 billion liquidations). The total market capitalization has decreased by about 1.88% to $3.86T (down from $3.93T). Trading volume has decreased accordingly, reaching $496.64B. The Fear & Greed Index is at 39 (Fear), reflecting hesitation between hope and concern, but has slightly improved from 29 weeks ago.
Ripple completes the acquisition of Hidden Road, launching Ripple Prime – the first multi-asset prime broker; Bunni exploit halts growth; Trump family earns 1 billion USD pre-tax through crypto ventures; Stripe accepts stablecoin for AI/SaaS; Hyperliquid leads DEX with perp volume of 1 trillion USD in October; FalconX acquires 21Shares; Binance completes the acquisition of Gopax; CZ’s YZi Labs leads 50 million USD for BPN stablecoin; FCA acts against exchanges in London over illegal crypto advertising;
• Trump pardons CZ, pushing BTC up to $110,700 after regulatory concerns; White House confirms Trump-Xi meeting, easing US-China trade tensions. • The US Senate meets with crypto leaders about the market structure bill (Coinbase CEO anticipates progress before Thanksgiving); G20 calls for global coordination; OCC allows US banks to provide crypto services; WazirX (India) resumes trading today after a $230 million hack, zero fees attract users.
1. Bitcoin Surpasses 110,000 USD, Forecasts Further Increase Due to Low CPI • BTC increased by 1.32% to 109,317 USD, after reaching a peak of 113,804 USD and a low of 107,393 USD. The market recovered from the flash crash on 10-11/10 (wiping out 600 billion USD), with on-chain data showing strong accumulation from small holders (1-1,000 BTC) and Bitcoin futures rising by 4.44% to 111,410 USD. Investors continue to hedge through put options (strike 115,000/95,000 USD expiring on 31/10), but institutional sentiment is positive following lower-than-expected CPI.
1. Bitcoin Drops to 107,735 USD, Support at 106,600 USD Amid Liquidation Concerns • BTC fell 0.8% to around 107,735 USD after hitting a peak of 110,499 USD the previous day. The market is facing "dense liquidation zones" near 111,000 USD, according to CoinGlass, and may test support at 106,600 USD if US-China tensions escalate (Trump mentioned canceling the meeting with Xi Jinping). The crash on October 10-11 still haunts, with strong hedging through put options (strike 115,000/95,000 USD expiring October 31).
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The community is optimistic about decoupling BTC from gold (BTC pumps when gold crashes); discussions on PulseChain against scams, Solana Summit Africa. 1. Dogecoin (DOGE) Accelerates With ETF Approval Probability Rising to 80% by Year-End • Dogecoin is attracting strong attention thanks to the ETF approval probability rising to 80% by the end of 2025, according to analyses from CoinDCX and ZebPay. This could enhance the legitimacy and liquidity for DOGE, especially in the context of meme coins regaining momentum after the crash. The current price of DOGE hovers around 0.19 USD, with forecasts suggesting it could rise to 0.22-0.24 USD if it breaks the resistance level. Reasons: Demand from individual investors and a more flexible SEC regarding derivative products.