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In Brief Trump's tariff threat caused a major sell-off in the crypto market. Unreported data and government shutdown intensified uncertainties among investors. Resilience in the market suggests potential for a strong recovery.
In Brief The crypto market grappled with fear after Trump's tariff announcement on China. Bitcoin prices and the Crypto Fear & Greed Index dropped significantly. Some analysts see the market's fear as a potential buying opportunity.
Ethereum spot ETFs saw $175M in outflows on October 10, while Bitcoin ETFs remained relatively stable.Bitcoin ETFs Remain ResilientWhat This Means for Investors
The crypto market briefly lost $530 billion before bouncing back to a $3.7 trillion valuation.Fast Recovery to $3.7 Trillion Market CapWhat’s Next for Crypto Investors?
- 13:05DWF Labs partner: Liquidity has dried up, but bitcoin and strong projects should recover soonJinse Finance reported that DWF Labs partner Andrei Grachev stated, "This crash was not caused by fundamental factors such as the collapse of FTX, but rather by the tariff announcement and subsequent leveraged liquidations. Liquidity has been exhausted, but bitcoin and strong projects should recover soon."
- 13:02Ukrainian crypto blogger Kudo found dead in Kyiv, police initially rule as suicideChainCatcher news, according to RBC-Ukraine, 32-year-old Ukrainian cryptocurrency blogger Konstantin Ganich (online name Kudo) was found dead in Kyiv. Police discovered his body in a car with a gunshot wound to the head, and a weapon registered in his name was found nearby. The preliminary determination is suicide. Kudo was a well-known cryptocurrency blogger and the CEO of Cryptology, engaged in financial and trading consulting and education. In a recent interview, Kudo mentioned that his partner had stolen his funds and disappeared. Kudo had expressed to friends and family that he was feeling depressed due to financial difficulties and had left a suicide note.
- 12:58USDC Treasury mints 500 million USDC on SolanaAccording to Jinse Finance, Whale Alert monitoring shows that USDC Treasury has newly minted 500 million USDC on the Solana blockchain.