Michael Saylor’s Strategy Inc. announced its first Bitcoin purchase in October after opting not to buy more BTC the previous week. Michael Saylor’s Strategy, the world’s largest public holder of Bitcoin, expanded its BTC holdings last week as the cryptocurrency surged to new all-time highs. Strategy acquired 220 Bitcoin (BTC) for $27.2 million in its latest purchase, Saylor announced in an X post on Monday, as the related filing had yet to appear on the US Securities and Exchange Commission website. The purchase was made at an average price of $123,561 per coin as Bitcoin reached an all-time high above $126,200 on Oct. 6 before dipping to $107,000 in Friday’s flash crash, according to data from Coinbase. Read more
Zcash price technicals hint at a potential 25% breakout toward $336 in October, despite long-term correction fears and an already significant rally for ZEC. Key takeaways: Zcash’s parabolic 520% surge has pushed it to record overbought levels. ZEC price must hold above $245 for the next leg up toward $336. Read more
Hyperliquid CEO Jeff Yan and data platform CoinGlass warned that the liquidation reporting method used by centralized exchanges, such as Binance, may undercount actual liquidations. Hyperliquid co-founder and CEO Jeff Yan claimed that the way centralized crypto exchanges, and Binance specifically, report liquidation data likely underrepresents the true scale of losses during major market sell-offs. Bitcoin (BTC) fell to $102,000 on Friday after US President Donald Trump announced sweeping tariffs on China. Ether (ETH) also dropped to $3,500, while Solana (SOL) slipped below $140 amid a marketwide sell-off. According to data from CoinGlass, $16.7 billion worth of long positions and $2.46 billion in short positions were liquidated on Friday, marking the largest liquidation event in crypto history. Read more
Ethereum layer-2 tokens outperformed the market, with Mantle surging 31%, driven by Bybit integration and increasing adoption across scaling solutions. Ethereum scaling tokens outperformed most of the cryptocurrency market after the weekend crash, signaling stronger price resilience among layer-2 (L2) projects built on the world’s largest smart contract network. Ethereum layer-2 scaling solution Mantle (MNT) had a 31% rebound on Monday, becoming the third-biggest gainer among the 100 largest cryptocurrencies tracked by CoinMarketCap. The Arbitrum (ARB) and Immutable (IMX) tokens also registered double-digit gains, while the Polygon (POL) token had an 8% rebound in the 24 hours up to the time of writing. Read more
Bitcoin’s price rose back above the short-term holder’s realized price, leading analysts to say that the BTC bull run may continue. Key takeaways: Bitcoin traded above short-term holder cost basis at $114,000, signaling recovering demand and potential for further gains. Analysts said Bitcoin could continue its uptrend, with targets above $150,000. Read more
The Singapore High Court’s approval clears the way for WazirX to restart operations and begin compensating more than 150,000 users. Crypto exchange WazirX has finally secured approval from the Singapore High Court for its restructuring plan, paving the way for user repayments following the $234 million hacking incident last year. The court’s decision comes weeks after creditors backed a revised proposal. The approval allows WazirX to start the next phase of its recovery process, including token-based fund distributions and reviving the exchange’s operations. “Thank you to everyone who supported this difficult phase of WazirX. The Singapore High Court has approved the scheme,” WazirX founder Nischal Shetty said in a post on X. “It’s your support and love that has made this possible.” Read more
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil. Cryptocurrency investment products held steady amid last Friday’s massive flash crash, recording strong inflows over the past week. Crypto exchange-traded products (ETPs) recorded $3.17 billion in inflows last week despite the market correction caused by fresh China tariff threats from US President Donald Trump, CoinShares reported on Monday. “Friday saw little reaction with a paltry $159 million outflows,” CoinShares head of research James Butterfill wrote, highlighting crypto funds’ resilience to the market panic after the Friday sell-off and $20 billion liquidations. Read more