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XRP drops 18% in a week as analyst EGRAG CRYPTO rejects major exchange data, sets $1.40 as new chart baseline amid market uncertainty. XRP is trading at $2.43 at press time, down 7% in the past 24 hours and 18% over the last week, according to CoinGecko. A crypto analyst has raised concerns about price inconsistencies across exchanges and announced a shift in how XRP charts will be interpreted going forward. Analyst Rejects Exchange Data, Chooses New Price Source Crypto analyst EGRAG CRYPTO says price data for XRP is distorted across major platforms. They noted visible differences between exchanges…

In brief Kenyan parliament enacted the Virtual Asset Services Providers Bill, which seeks to establish regulatory bodies and crypto frameworks in the country. The bill identifies Kenya’s Central Bank and the Capital Markets Authority as regulatory bodies that will oversee brokers, investment advisors, and others. Sub-Saharan Africa ranked third in Chainalysis’ geographic crypto adoption report, with Kenya ranked fourth among African nations in total value received. Kenya is one step closer to regulating crypto in the country, as its parliament enacted the Virtual Asset Service Providers Bill 2025 last week, a senior parliament member told Reuters.The bill will now need…

Elon Musk appears to be publicly paying attention to bitcoin again after years of silence. The Tesla and SpaceX CEO broke a three-year quiet streak on bitcoin early Tuesday, commenting on an X post from financial outlet ZeroHedge that tied surging gold, silver, and Bitcoin prices to global monetary “debasement” driven by artificial intelligence spending. “True,” Musk replied. “That is why Bitcoin is based on energy: you can issue fake fiat currency, and every government in history has done so, but it is impossible to fake energy.” Musk’s bitcoin mention drew immediate market attention on X, with traders seeing it…

In brief Rep. Troy Downing is introducing a bill to give President Trump’s crypto retirement executive order the force of federal law. The order, signed in August, encouraged 401(k) providers to offer exposure to crypto and other alternative assets. The $25 trillion U.S. retirement savings industry could inject huge amounts of capital into crypto, but also expose retirees to greater risk. A Republican congressman is pushing to legally codify an executive order recently signed by President Trump regarding retirement plans and alternative assets, in a move that could further push 401(k) providers to open the door to Bitcoin and other…

In brief Tether paid $299.5 million to settle Celsius Network bankruptcy claims, far less than the nearly $4.5 billion in Bitcoin originally sought. Celsius claimed that Tether improperly liquidated Bitcoin before its bankruptcy without proper notice; Tether said it acted lawfully. Former Celsius CEO Alex Mashinsky was sentenced to 12 years in prison for fraud involving customer funds and token manipulation. The Blockchain Recovery Investment Consortium (BRIC), a partnership between investment firms GXD Labs and VanEck, announced that stablecoin giant Tether has paid $299.5 million to settle claims from the Celsius Network bankruptcy estate.The payment resolves an adversary proceeding filed…

Hyperliquid (HYPE) continues to face strong selling pressure as its price trend remains firmly bearish. The altcoin has struggled to regain momentum following last week’s market correction. A growing bearish sentiment in the Futures market is amplifying the decline, with traders actively betting against a price recovery.Hyperliquid Traders Are BearishThe funding rate for Hyperliquid has dropped to a six-month low, signaling a sharp rise in bearish sentiment. The funding rate measures the balance between long and short positions in the Futures market. A negative funding rate indicates that short contracts dominate — a scenario now clearly visible with HYPE.Sponsored SponsoredThis trend…

Gate, a global leading cryptocurrency trading platform, officially announces the launch of the “Futures Points Airdrop Public Beta” event, offering a limited-time airdrop to all registered users. This public beta is centered around the idea of “Everyone can participate, and points equate to benefits”. Users only need to accumulate basic futures points to claim token airdrops and stand a chance to share a total reward pool of 3,500 GT. According to official platform information, the system will officially launch and start calculating futures points on Oct. 14, 2025, 08:00 (UTC), and the airdrop claiming period will run from Oct. 16,…

Bitcoin heads into the new week with a clean catalyst: the White House’s tariff brinkmanship with China and a market structure that just absorbed the largest crypto liquidation on record. Markets have marched through the tariff cycle almost beat-for-beat, and as of Monday we are squarely at Step 8 of The Kobeissi Letter’s template: the post-open reassurance from Treasury. The sequence since late week ties cleanly to the blueprint Kobeissi published after “10 months analyzing EVERY single tariff development,” which it summarized as an “EXACT playbook for investors.” Bitcoin Weekly Preview In their words: “1) Trump puts out cryptic post……

The crypto market staged a recovery on Monday following the weekend’s $500 billion bloodbath that resulted in a $10 billion drop in open interest.Bitcoin BTC$115,237.06 rose by 1.4% while ether ETH$4,224.23 outperformed with a 2.5% gain. SNX$2.4270, meanwhile, stole the show with a 120% rally as traders anticipate “perpetual wars” between the decentralized trading venue and HyperLiquid.Plasma XPL$0.4395 and aster ASTER$1.4526 both failed to benefit from Monday’s recovery, losing 4.2% and 2.5% respectively. Derivatives PositioningThe BTC futures market has stabilized after a volatile period. Open interest, which had dropped from $33 billion to $23 billion over the weekend, has now…

HBAR (Hedera Hashgraph) experienced pronounced volatility in the final hour of trading on Oct. 13, soaring from $0.187 to a peak of $0.191—a 2.14% intraday gain—before consolidating around $0.190. The move was driven by a dramatic surge in trading activity, with a standout 15.65 million tokens exchanged at 13:31, signaling strong institutional participation. This decisive volume breakout propelled the asset beyond its prior resistance range of $0.190–$0.191, establishing a new technical footing amid bullish momentum.The surge capped a broader 23-hour rally from Oct. 12 to 13, during which HBAR advanced roughly 9% within a $0.17–$0.19 bandwidth. This sustained upward trajectory…