Binance Wallet’s balance display issues came soon after CZ-owned Trust Wallet reported experiencing the same issue on Sunday. Binance’s balance display issues persisted across some of its services following Friday’s market crash, with its self-custody product, Binance Wallet, still affected as of Monday. Binance Wallet took to X on Monday to report that the wallet was “temporarily experiencing lag” due to network congestion, which caused some users to be unable to view certain wallet data. “This information requires some buffering time to display. We are actively working on resolving this issue,” the post read. Read more
Hyperliquid has rolled out its HIP-3 upgrade, enabling anyone staking 500,000 HYPE tokens to deploy their own perpetual swap markets permissionlessly. Decentralized exchange Hyperliquid has introduced an update that enables third parties to independently launch their own perpetual swap contracts on the platform. Hyperliquid Improvement Proposal 3 (HIP-3) comes into force on Monday, according to the official Hyperliquid Discord channel. This change introduces permissionless, builder-deployed perpetual futures contracts, marking a major step toward fully decentralized perpetual futures listings. HIP-3’s implementation on the decentralized exchange (DEX) allows anyone staking 500,000 HYPE ($20.5 million at the time of writing) to deploy their own perpetual swap contract with independent margining, orderbooks and parameters. Read more
Crypto companies looking to raise funds set a new record, reaching $3.5 billion in a single week last week, before the market crashed on Friday. Crypto fundraising reached an all-time high last week, with a record $3.5 billion raised across 28 funding rounds. Cryptorank data showed on Monday that weekly fundraising reached its highest point from Oct. 6 to Sunday, surpassing all previous peaks, including the nearly $3 billion raised July 28 to Aug. 3. The surge came after seven consecutive weeks of sub-$1 billion fundraising activity, marking a sharp resurgence in investor confidence. Over the last six months, weekly fundraising fluctuated from $150 million to $2.9 billion, underscoring the volatility of venture activity in the crypto space. October’s sudden surge represents a significant breakout. Read more
A sovereign crypto fund surprised markets by making its first investment in BNB, rather than Bitcoin. This is a big, bold move in Kazakhstan’s strategy. Kazakhstan has launched the Alem Crypto Fund, a state-backed initiative aimed at building long-term digital asset reserves. Managed by Qazaqstan Venture Group and operating under the AIFC, the fund marks a significant step in the country’s regulated adoption of blockchain-based investments. Surprisingly, the fund’s inaugural purchase was not Bitcoin (BTC) but BNB (BNB), the native token of the BNB Chain. Through a strategic partnership with Binance Kazakhstan, a local entity licensed under the Astana International Financial Centre (AIFC) regime, the fund was able to secure custody and align with compliance frameworks from the outset. Read more
BitMine’s Tom Lee saw the market crash as a discount buying opportunity, acquiring over $827 million worth of Ether over the weekend. BitMine, the world’s largest corporate Ether holder, capitalized on this weekend’s crypto market crash to buy the dip, signaling more institutional confidence in Ether’s continued momentum. The company said it acquired Ether (ETH) “more aggressively” during the market turmoil, pushing its total holdings past 3 million ETH, or about 2.5% of the cryptocurrency’s total supply. BitMine’s average purchase price was $4,154 per token. Over the past few days, BitMine acquired 202,037 ETH, worth about $827 million, the company said in a Monday X post. Read more
Binance’s pricing glitch and a new chapter in Trump’s trade war turned a market sell-off into the largest crypto liquidation on record. A combination of factors converged into a perfect storm on Friday, triggering the cryptocurrency industry’s largest liquidation event in history and briefly sending Bitcoin (BTC) below $110,000. The $19 billion in liquidations doesn’t mean investors lost that sum of money, but rather that leveraged positions were forcibly closed. The unrealized loss can be better observed through the drop in market capitalization, which shows a $450-billion wipeout. From Friday to Sunday, the total cryptocurrency market capitalization fell from $4.24 trillion to $3.79 trillion. At the time of writing, the market has already rebounded above $4 trillion. Read more
The XRP price recovery came after the most severe market crash, suggesting aggressive buying on the dips in anticipation of further price gains. Key takeaways: XRP rebounded 66% from $2.58 lows, adding $75 billion to its market cap amid a 35% volume surge and strong long positions. Oversold weekly Stoch RSI signals a potential bullish reversal. Read more
Solana DEXs dominate volume through memecoins but lack liquidity depth for sustainable growth. Bitcoin and stablecoins offer resilience beyond speculation. Opinion by: Lynn Nguyen, CEO of Saros Decentralized exchanges (DEXs) on Solana have been topping trading volume charts for a while now, outperforming those on peer chains like Ethereum, Base and BSC. Memecoins have been largely responsible for this surge in volume. While they have proven product-market fit in crypto, only a handful have demonstrated the ability to survive across market cycles. Read more
BNB reached a record high of $1,370, despite Binance facing criticism and market chaos after $19 billion in crypto liquidations wiped out traders over the weekend. Binance’s ecosystem token BNB reached a new all-time high on Monday, outperforming the wider cryptocurrency market, which is still recovering from $19 billion in liquidations over the weekend. The BNB (BNB) token rose to a new all-time high of $1,370 on Monday, according to CoinMarketCap data, rebounding strongly after a weekend crash that triggered the forced liquidations across exchanges. The rally came despite heavy criticism from Binance users who blamed the exchange for contributing to the market chaos after technical glitches left traders unable to exit positions. Read more