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Binance airdrops $45M in BNB to memecoin traders hit by market crash

The compensation plan marks Binance ecosystem’s biggest user relief effort yet following the crypto market wipeout of about $20 billion.

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Bhutan migrates its national ID system to Ethereum

The Kingdom of Bhutan has tapped Ethereum to store the national identities of its roughly 800,000 citizens, leveraging the network’s immutability and decentralization.

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Key Trading Data: U.S. 10-Year Treasury Yield Falls to 4.0240%, a Near One-Month Low

According to market information, the yield on the U.S. 10-Year Treasury fell to 4.0240%, marking a near one-month low, with the rate at 4.0302% and a 24-hour decline of 0.67%.

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U.S. Government Shutdown Forecast Summary (Polymarket · Kalshi)

Prediction markets expect the U.S. government shutdown that began on October 1 to be likely to continue into November. On Polymarket, the odds of ending in October are 34%, November or later is 66%, and the median is November 4–7. Kalshi likewise has 64% for lasting 30+ days and 48% for 35+ days, implying roughly 4–5 weeks.

For reference, the longest government shutdown in U.S. history lasted 35 days, from December 22, 2018 to January 25, 2019.

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JUST IN: 🇺🇸 The U.S. Government just transferred 667.6 Bitcoin worth $74.7 million to a new wallet 👀

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Tether reached a settlement by paying nearly $300 million to the Celsius bankruptcy consortium

The Blockchain Asset Recovery Investment Alliance (BRIC) announced that Tether has paid $299.5 million to the Celsius Network bankruptcy consortium to resolve the relevant lawsuits filed in August 2024. BRIC was jointly established by GXD Labs and VanEck, which is responsible for managing Celsius's asset recovery and litigation affairs.

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🇰🇪 Kenyan parliament passes Bitcoin and crypto law in an attempt to boost investments

The "Virtual Asset Providers Bill" seeks to address worries over a lack of clear regulations.

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🇺🇸 Republicans introduce bill to allow Bitcoin and crypto in 401ks under federal law

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Binance rolls out $400M program for traders hit by Friday’s downturn

Binance and BNB Chain have pledged a total of $728 million in support for traders following the sell-off, but the exchange maintains it is not responsible for users’ losses.

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Tom Lee, Arthur Hayes double down on $10K Ether this year

BitMine chair Tom Lee said that Ether going to $12,000 wouldn’t be a “blow off top,” it will just be price discovery at a new level.

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According to Coinglass, approximately $706 million in positions were liquidated over the past 24 hours. Of this, long positions were $456 million, and short positions were $249 million+.

By asset, Ethereum ranked first in liquidation volume at $234 million, Bitcoin at $168 million, and other altcoins totaled $68 million.

Spot Bitcoin ETFs saw a $326 million net outflow on Monday, marking two consecutive days of outflows, and spot Ethereum ETFs also saw a $428 million net outflow, likewise declining for two straight days.

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Money & Crypto News
According to Coinglass, approximately $706 million in positions were liquidated over the past 24 hours. Of this, long positions were $456 million, and short positions were $249 million+. By asset, Ethereum ranked first in liquidation volume at $234 million…
Marked as the "Pension Fund" Whale opened a 10,000 ETH short position during the uptrend, previously incurring a 3,410,000 loss

According to on-chain AI analysis tool Coinbob (@ CoinbobAI_bot), a whale identified by users as "Pension Fund" decisively opened a 2x leveraged short position of 10,000 ETH when ETH broke through $4200 with high volume after trading sideways, holding over $41 million.

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JUST IN: 🇺🇸 New York launches city office to promote digital asset adoption 🤔

It's the "Office of Digital Assets and Blockchain Technology"

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BREAKING: 🇰🇪 Kenya officially signs the “Virtual Asset Service Providers Bill” into law.

Africa is embracing crypto 🚀

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Sony Wants Its Own Crypto Bank Too

Sony Bank has filed for a crypto banking charter to issue stablecoins and custody services through its Connectia Trust subsidiary.

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Thiel-backed Erebor wins US approval as Silicon Valley Bank rival emerges

Erebor’s green light from US regulators is among the most significant bank charter approvals tied to digital assets since the 2023 regional banking crisis.

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Trump confirms US is in a trade war with China

US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. Asked by reporters whether the US is preparing for a trade war with China, US President Donald Trump responded: “Well, we’re in one now.”

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Bitcoin miner Bitfarms files for $300 million convertible note offering

Bitfarms Ltd. (ticker BITF), a Bitcoin mining and digital infrastructure firm, is offering a tranche of convertible notes to raise $300 million. The convertible notes will be convertible into cash or common shares of the company (or some combination) at Bitfarms’ discretion. The notes are unsecured, due in 2031, and will pay interest semi-annually beginning in July 2026.

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2025/10/16 01:20:18
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