Author: John Smith
BNB price staged an impressive comeback on Monday, Oct. 13, rebounding 16% in the past 24 hours to trade around $1,309 at press time. Summary BNB price surged 16% to $1,309, leading recovery after the Oct. 10 market crash. CZ refuted claims of Binance or affiliates supporting the token. Rising spot and futures volumes suggest growing trader confidence. The recovery follows one of the market’s sharpest flash crashes in recent history, during which the total crypto market cap fell by more than $500 billion in a single day. Despite that drop, BNB has held up better than most top altcoins,…
Coinbase is preparing to launch a new American Express credit card in the U.S. this fall, with design and rewards specifically tailored for Bitcoin enthusiasts. Summary Coinbase is teaming up with American Express to launch a Bitcoin-themed credit card in the U.S. this fall — a move that blends crypto culture with traditional finance. Unlike standard crypto cards that emphasize cashback or token rewards, this one is designed to celebrate Bitcoin’s origins and decentralized ethos, signaling Coinbase’s intent to cater directly to Bitcoin purists. The timing aligns with a surge in institutional adoption and mainstream interest in BTC, positioning the…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The United States’ biggest banks are afraid. Not of a financial crisis, not of cyberattacks, not of geopolitical shocks. They’re afraid of yield-bearing stablecoins paying customers interest. Summary Banks fear yield-bearing stablecoins because they threaten around $200B in annual revenue from swipe fees and idle deposits, not because of real systemic risk. History shows banks are bad at predicting disruption — they made the same doom claims about money market funds, fintech apps, and online brokerages, and…
The cryptocurrency market experienced a significant crash last week, erasing billions of dollars in value. This article explores some of the top crypto news to watch this week and the potential impact. Summary The crypto market will react to key token unlocks worth millions this week. Additionally, the US and China trade war will have an impact on the industry. There are key deadlines on altcoin ETF approvals this week. Crypto news: millions in token unlocks One of the top crypto news this week will be on the upcoming token unlocks. DeFi Llama data shows that tokens worth over $200…
Pepe Coin price crashed to a multi-month low, leading to a surge in liquidations as the crypto market dived. Summary Pepe Coin price crashed to a multi-month low amid the crypto market crash. Whales and smart money investors have been dumping their tokens. The coin has been forming two key risky patterns on the daily chart. Pepe (PEPE), a popular meme coin on the Ethereum (ETH) ecosystem, plunged to a low of $0.0000388, its lowest level since February 2024. This crash led to over $20 million in liquidations. Pepe’s crash coincided with the turbulence in the crypto market after President…
Ethena price remained under pressure this weekend after USDe, its stablecoin, briefly lost its peg, and its bullish liquidations jumped. Summary Ethena price has remained under pressure in the past few days. The developers maintained that the USDe stablecoin was over-collateralized. Technical analysis points to more downside over time. Ethena (ENA) token was trading at $0.3670, up by 156% from its lowest level on Friday. It remains about 60% of its highest point in September. Whales have bought the ENA dip Ethena price crashed by double digits on Friday, reaching its lowest level on record as well as crypto market…
The Pi Network price continued its substantial decline over the weekend, reaching its lowest level on record. Summary Pi Network price crashed to a record low last week. A popular anonymous pundit called Pi the biggest scam in crypto. Technical analysis points to more downside in the coming months. Pi Coin (PI) plunged to a record low of $0.1515, crossing the previous all-time low of $0.1866. It has now plummeted by over 90% from its highest point this year, erasing more than $18 billion in value. Pi Network’s decline coincides with the ongoing crypto market crash, which started when President…
A new report from Wu Blockchain suggests that the October 11 crypto market crash may not have been a random sell-off, but a coordinated exploit that took advantage of a vulnerability in Binance’s Unified Account margin system. Summary Wu Blockchain says Oct 11 crash may be premeditated exploit on Binance margin. USDE, wBETH, BnSOL depegged to $0.65, $0.20, $0.13 during extreme volatility. Binance system let yield coins serve as collateral, amplifying liquidations. According to journalist Wu Blockchain, attackers appear to have manipulated certain collateral assets on Binance — causing them to crash in value — which then triggered mass liquidations…
A flash crash triggered by rising U.S.-China trade tensions resulted in $19 billion in liquidated cryptocurrency positions on Friday. This marked the most significant single-day purge of leveraged bets in cryptocurrency history. Summary $19B in crypto positions liquidated after Trump’s hostile US-China remarks. Bitcoin fell 16% to $104K before rebounding; 1.6M traders wiped out in hours. Altcoins hit harder: LTC -51%, TON -41%, DOGE -39% before partial recovery. According to Santiment, President Trump’s posts on Truth Social are to blame. Trump accused Beijing of becoming “very hostile” and threatened massive tariff increases on Chinese goods in retaliation for export controls…
Solana price holds above $200, forming a bullish falling wedge. Key confluences like the 0.618 Fibonacci and POC hint at a possible breakout if support holds. Summary $200 support aligns with Fibonacci and POC confluence. Falling wedge pattern signals bullish breakout potential. Volume confirmation is key for continuation toward $240–$260. Solana (SOL) price has entered a controlled corrective phase, consolidating within a falling wedge pattern. This structure has confined price action for several sessions, but with strong higher time frame support forming around $200, market conditions suggest that a potential reversal could soon materialize. From both a technical and structural…