Binance co-founder Changpeng Zhao responded to speculation regarding a potential presidential pardon. Zhao stated that being considered for a pardon from Donald Trump would be "great news if true."
Crypto markets have experienced a recovery following a significant liquidation event. Binance has encountered difficulties related to infrastructure and pricing issues. For further details, see the original article: Crypto Markets Bounce Back Following Major Liquidation from COINTURK NEWS.
Coinbase is enhancing the usability of cryptocurrency by planning to increase transaction limits to as much as $100,000. This move is intended to accelerate mainstream adoption and transform the way digital assets are used. Growing demand for increased flexibility in digital asset payments is driving major exchanges to re-evaluate transaction limits.
Bitcoin's price has experienced a recovery wave following a significant liquidation event below $110,000. The price successfully climbed above several resistance levels, including $111,500 and $112,000. Currently, BTC is facing challenges and trading below the 100 hourly Simple moving average. Immediate resistance lies around the $116,000 level, with further resistance near $118,000. A breakthrough above $118,000 could lead to a test of the $119,500 resistance and potentially reach $120,000. Bulls will need to overcome several barriers for sustained upward momentum. If Bitcoin fails to sustain above $116,000, a fresh decline is possible. Immediate support is established at $114,000, followed by further support at $113,500. Losing these levels might lead to a test of $112,500 and potentially $110,500. The hourly MACD is gaining momentum in the bullish zone, while the RSI is above the 50 level. Key support levels to watch are $113,500 and $112,500, while resistance sits at $116,000 and $118,000.
The European Banking Authority (EBA) recently reported attempts by some crypto firms to avoid new EU regulations like MiCA and enhanced AML/CFT frameworks. These efforts include "forum shopping," where firms seek licenses in jurisdictions with laxer approval processes to then operate across the EU. The EBA cautioned that these actions pose significant risks to the EU's financial system. No specific company was identified in the report. MiCA, enacted in late 2024, aims to harmonize crypto regulations across the EU but includes a transition period until mid-2026. During this window, firms can operate without full compliance while appealing decisions or awaiting licenses. This period presents a challenge for regulators to effectively enforce the new framework. A lawyer noted that regulators must acknowledge differing enforcement mentalities across member states. The EBA flagged concerns about crypto firms establishing operations with unclear governance and beneficial ownership. Some virtual asset service providers (VASPs) have applied for licenses in multiple jurisdictions, revealing complex structures with entities often based outside regulatory oversight. These opaque structures raise the risk of illicit funds being channeled through shell companies and highlight the need for enhanced transparency.
The Institute for Fiscal Studies (IFS) advises Chancellor Rachel Reeves to use the upcoming November budget for significant tax system changes. They emphasize the need for sensible reforms that generate revenue while minimizing negative economic impacts. The goal is to collect approximately £30 billion ($40 billion) to enhance public finances. Avoidance of “aimless changes” is prioritized. The IFS suggests exploring wealth and property taxes as alternatives to raising existing rates. Adjusting capital gains tax would likely be more impactful than a new annual wealth tax. Transferring local property tax responsibilities to regions like London is another consideration, given recent house price increases and stamp duty adjustments. The National Institute of Economic and Social Research cautions against disruptive revenue-raising methods and advises Reeves to reconsider pledges not to increase employee taxes. They believe alternative approaches risk damaging the economy and reducing investment. Rising borrowing costs and abandoned welfare spending plans add to the challenging economic landscape.
Benoît Pagotto, co-founder and creative director of RTFKT, has passed away at the age of 41. The news of his death was confirmed by his colleagues. Pagotto's work was instrumental in bridging luxury design, gaming, and NFTs. He leaves behind a legacy of innovation within these fields. The official cause of death remains undisclosed.
A leader in Nike’s digital fashion division has passed away, confirmed by colleagues on Sunday. The individual was 41 years old. Tributes have been extended from within the cryptocurrency industry following the announcement of the death.
Bitcoin and Ethereum have continued their downward trend, prompting renewed warnings about the cryptocurrency market. Economist and gold proponent Peter Schiff has forecasted a potential plunge in Bitcoin’s value to $75,000. This prediction reinforces bearish sentiment within the market, even amidst continued optimism surrounding cryptocurrency adoption and the growth of blockchain technology.
Solana (SOL) is demonstrating a bullish continuation pattern, potentially reaching $300 in the coming weeks. Analysts predict either a brief correction before resuming the upward trend or a direct ascent to the $300 level. Despite Solana's strong performance, investors are seeking diversification into other promising projects. Mutuum Finance (MUTM), a DeFi project currently in Phase 6 of its presale, is attracting considerable attention. The tokens are priced at $0.035, with over 65% already sold and generating over $17.25 million from over 16,860 investors. Analysts project a potential growth to $1 by 2026, positioning it as a high-potential early-stage investment. Mutuum Finance utilizes Chainlink oracles for precise pricing and incorporates a reserve multiplier configuration to ensure system resilience. The platform features a dual-lending protocol and optimized collateral management, aiming to eliminate bankruptcy risk and provide a secure DeFi environment. Version 1 of the protocol is scheduled for launch on the Sepolia Testnet in Q4 2025.
Markets are anticipating another week characterized by volatility, creating uncertainty for various digital assets. The sustainability of TRON's recent performance is now being closely observed. The key question revolves around whether TRON can maintain its current level of resilience amidst this anticipated market turbulence. Investors and analysts are scrutinizing TRON’s ability to withstand potential downward pressure.
TRX demonstrated resilience during the October market downturn. The price of TRX decreased to $0.30 on October 11. However, compared to other cryptocurrencies, TRX performed better when measured against Bitcoin. TRX gained 2.1% against Bitcoin. Simultaneously, ETH/BTC and SOL/BTC experienced declines during the same period.
Bitcoin ETFs experienced net outflows of $4.5 million on October 10th. This halted a nine-day inflow streak that resulted in over $5 billion in cumulative additions. Despite this recent outflow, the overall ETF inflows remain positive.
The Trump administration’s deregulation efforts are poised to significantly boost Wall Street, unlocking an estimated $2.6 trillion in new lending power for U.S. banks. Rollbacks of post-crisis capital rules are expected to free up $140 billion in capital for major lenders. This policy change is setting off discussions among regulators in Europe and Asia, prompting them to consider their own capital limits. U.S. banks are expected to benefit considerably from these loosened restrictions, enabling them to invest in areas like AI, data centers, and energy infrastructure. The deregulation will primarily favor large financial institutions over regional banks facing credit challenges. A reduction in capital requirements is projected to significantly increase earnings per share and returns on equity. While the U.S. is easing capital requirements, European regulators are considering increasing them, potentially creating a competitive imbalance. The anticipated shifts in regulation are expected to lead to market share gains for U.S. banks. The relaxed rules and freed-up funds position Wall Street to outperform global rivals, reinforcing U.S. dominance.
Crypto prices are showing signs of recovery following a recent downturn. The market experienced a sharp selloff driven by concerns related to tariffs. This selloff resulted in one of the most significant single-day liquidation waves in the cryptocurrency market.
COINOTAG recommends an exchange platform for users. The platform offers tools designed for professional trading. Users can expect fast execution speeds and robust charting capabilities. Clean risk controls are also incorporated into the platform. To begin, users should open an account on the recommended exchange. Following account creation, users can leverage the platform's tools to trade effectively. The process is designed to streamline the trading experience. The information was published on October 13, 2025. It was also updated on the same date, October 13, 2025. The recommendation originates from COINOTAG.
Binance, the world’s largest cryptocurrency exchange, recently experienced a significant incident involving a display glitch that caused several tokens to appear as having a $0 value. The issue stemmed from recent updates to trading pairs, reducing the allowed decimal places for minimum price movements. As a result, Binance has reimbursed customers for a total of $283 million to offset losses incurred due to the erroneous pricing. Several Binance Earn assets, including USDe, BNSOL, and WBETH, temporarily depegged from their intended prices, further complicating the situation. Speculation arose regarding a possible exploit targeting Binance's Unified Account feature, though the exchange denied any evidence of an external attack. Ethena Labs CEO Guy Young clarified that the depegging was confined to Binance and did not reflect a broader market issue. Binance is implementing measures to mitigate future risks, including updating its reference index and introducing a soft price floor for USDe. The incident has prompted calls for greater scrutiny and stricter regulatory standards for centralized exchanges. The exchange is also reviewing and handling user cases, working to improve infrastructure resilience and transparency.
Singapore’s central bank is anticipated to maintain its current monetary policy this week, largely due to low inflation and ongoing trade uncertainties. The vast majority of economists surveyed predict no immediate policy changes, mirroring the bank's stance from its last review in July. However, a smaller group speculates about potential easing measures later. MAS reviews its policy four times annually. Central banks worldwide are employing diverse approaches to support economic growth, often adjusting interest rates in response to uncertainty. Indonesia and New Zealand have been cutting rates while others, like Thailand, Malaysia, and Australia, have held steady. The US Federal Reserve has also recently lowered borrowing costs. Despite escalating trade tensions between the US and China, Singapore’s economy shows signs of recovery. Consumer spending and manufacturing activity have increased, and private home prices have seen a significant rise, bolstering the Singapore dollar. Core inflation remains low, prompting forecasts of moderate price increases in imported goods.
Crypto wallets initially served as simple keys for storing digital coins. They are now transforming into comprehensive identity containers. These evolving wallets hold reusable credentials that can be used across various digital applications.
The crypto market experienced a rapid recovery after Friday's sudden decline. Total market capitalization has climbed back above $4 trillion. Several major tokens demonstrated substantial growth, with Ether, BNB, and Dogecoin all posting double-digit percentage gains. Market data supporting this recovery comes from CoinGecko and blockchain analytics.
Several crypto projects are poised for significant growth in 2025, with investors shifting towards presales, staking rewards, and utility-driven meme coins. BullZilla ($BZIL), with over $860K raised, demonstrates exceptional potential, offering a projected 3500% ROI through its presale and stage-based growth model. These opportunities combine meme coin energy with robust fundamentals. Chainlink (LINK) remains a key player, serving as a pillar of Web3 infrastructure by providing reliable data feeds for smart contracts. The recent CCIP launch positions LINK as a bridge between blockchains and traditional finance. Ethereum (ETH), a Layer-1 backbone, continues to evolve with its shift to proof-of-stake and the integration of L2 solutions. MoonBull utilizes a unique AI-based staking optimizer, offering up to 95% APY while adapting to market volatility. La Culex blends meme culture with strategic tokenomics, featuring locked liquidity, a high APY staking vault, and a referral system. Early adoption offers substantial potential in these rapidly evolving projects. Opportunities like BullZilla, MoonBull, and La Culex present high-risk, high-reward scenarios. Established projects like Chainlink and Ethereum offer stability alongside growth. Due diligence is essential, including verifying official links and understanding inherent market volatility and project legitimacy.
Peter Brandt asserts that the Bitcoin bull run is still ongoing, despite the price decline observed in October. He categorizes the recent drop as a short-term correction. Brandt anticipates a resumption of price increases for ETH, XRP, and XLM.
The market is preparing for a recovery following a significant downturn on Friday. The recent events have been characterized as a “bloodbath” suggesting substantial losses. A return to stability and growth is anticipated.
Ether, BNB, and Solana demonstrated strong performance as the cryptocurrency market rebounded from a flash crash that occurred on Friday. A crypto treasury firm, BitMine, took advantage of the market downturn.
