๐จ Hyperliquid Strategies Inc. files S-1 with SEC to raise up to $1B through a 160M share offering, with part of proceeds to be used for potential $HYPE token purchases.
โก๏ธ VanEck says October's pullback for Bitcoin is a mid-cycle reset, not a bear market.
๐บ๐ธ ETF FLOWS: Around $101.4M worth of $BTC and $18.9M worth of $ETH were sold on Oct. 22.
๐จ Polymarket eyes between $12 billion to $15 billion valuation in new funding talks, up from $1 billion just 4 months ago, Bloomberg reports.
๐ฅ Stablecoins processed $46T in transactions over the past year, nearly 3x Visa's volume and closing in on the ACH network that powers US banking.
โก๏ธ Standard Chartered predicts Bitcoin dip below $100K this weekend, but could be brief, possibly the last time $BTC trades sub-$100K, signaling a buying opportunity.
๐ฅ US crypto activity surged 50% in the first 6 months of 2025, per TRM.
โก๏ธ Bitcoin miner debt jumps 500% to $12.7B as firms invest heavily in new equipment and AI infrastructure.
๐ฅ Peter Schiff challenges CZ to a debate on Bitcoin vs. tokenized gold and which better fulfills the functions of money.
๐จ Trump has reportedly pardoned Binance founder Changpeng Zhao.
โก๏ธ Trust Wallet launches Perps, offering access to 100+ markets with up to 100x leverage, powered by Aster DEX.
๐บ๐ธ US mortgage rates drop to 6.19%, the lowest level of 2025.
๐ฅ Coinbase CEO Brian Armstrong says the crypto market structure bill is 90% complete, but the final 10% could redefine how DeFi is regulated.
๐บ๐ธ Coinbase, Ripple, Tether and the Winklevoss twins are among crypto industry donors for President Trump's White House ballroom.
According to PANews and Coingecko, USDTโs market value has surged past $180 billion, up $3B in a week, setting a new all-time high for the worldโs largest stablecoin. ๐๐
๐ Steak โn Shake & Crypto Update: โข ๐ฐ According to PANews, the fast-food chain dropped plans to accept Ethereum (ETH). โข โก Move came after strong backlash from the Bitcoin community. โข โฑ๏ธ The company halted voting within hours of launching it. โข ๐ง Official statement: โWe stand with Bitcoin supporters.โ โข ๐ฌ Clear message โ Steak โn Shake chooses Bitcoin over Ethereum.
1/10 Fridayโs brutal #crypto crash looked scary โ some coins dropped 95% in hours. But analysts at The Kobeissi Letter say this was technical, not fundamental. ๐
2/10The crash was triggered by too much leverage + President Trumpโs new tariff news on China. A perfect storm that hit markets when liquidity was thin. ๐ช๏ธ
3/10Data shows $16.7B in longs wiped out vs $2.5B in shorts โ a 7:1 ratio! ๐ฃ Thatโs the biggest leverage flush since the FTX and LUNA collapses.
4/10 Timing made it worse โ Trumpโs announcement came around 5 p.m. ET Friday, when volume is low. Thin markets turned normal moves into wild swings. โก๏ธ
5/10 The destruction was historic: ๐ฅ $20B liquidated ๐ 1.6M traders wiped out in 24 hrs This topped FTX and Terra/LUNA levels of pain.
6/10 The Total3 Index (excluding $BTC & $ETH) dropped from $1.15T โ $766B in one day. The speed of the drop caught even pros off guard. โ ๏ธ
7/10 Swan Bitcoin CEO Cory Klippsten says:
โWeโll see more short-term volatility, but this washout is healthy.โ Overleveraged traders got cleared out โ setting up the next leg up. ๐
8/10 The Kobeissi Letter calls the selloff purely technical and expects a trade deal eventually, keeping crypto strong long-term. ๐ช
9/10 Some analysts warn $20B may be understated โ real losses (including unreported ones) could be far higher. ๐งฎ
10/10 Bottom Line: Yes, the crash was brutal. But fundamentals remain solid โ this was a leverage reset, not a breakdown. ๐ The market always bounces back stronger.
๐ฅ BULLISH ALERT: MARA just added 400 $BTC ($46M) to their stash! ๐ ๐ฆ Total holdings = 53,250 $BTC (~$6B) ๐ Big players loading up before the next leg up!
๐ฅ TODAY: BlackRock CEO Larry Fink says, โThere is a role for crypto in the same way there is a role for gold, it's an alternative,โ in a 60 Minutes interview.