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Blockchain security firm PeckShield reported Friday that a wallet suffered a devastating loss of roughly $21 million worth of crypto assets on Hyperliquid, a decentralized trading platform.According to PeckShield, the theft stemmed from a private key compromise, allowing an attacker to drain the victim’s funds in a single swift move.The hack was isolated and was targeted towards the victim’s wallet, not HyperLiquid itself.The stolen assets PeckShield claims included approximately 17.75 million DAI and 3.11 million MSYRUPUSDP, both of which the hacker has since bridged to Ethereum.Onchain data shows that the attacker’s wallet executed a series of transactions to move the…

Hedera Hashgraph’s HBAR token came under heavy institutional selling pressure over the 24-hour trading period ending October 10, with prices fluctuating within a volatile 6% range between $0.21 and $0.22. Despite early resilience that saw HBAR climb toward intraday highs near $0.22, the digital asset reversed sharply in the final trading hour, as institutional investors initiated broad-based selloffs that erased earlier gains.Trading data pointed to exceptional activity during this selloff, with volumes surging to 262.49 million—nearly six times higher than the session’s 47.32 million average. Analysts identified the 3:00 PM hour on October 10 as the inflection point, where the…

Friday has gone from bad to worse for crypto assets as U.S. President Trump said he would impose an additional 100% tariff on China, sending prices cascading lower in a flash crash.Bitcoin BTC$111,480.33, already trading weak at around $117,000 following Trump’s late morning comments about threatening China with tariffs, tumbled below $110,000, down 12% over the past 24 hours. Ether ETH$4,005.03 tanked 16% below $3,700, while other major altcoins XRP$2.8211, solana SOL$201.48 and DOGE$0.2316 crashed 20%-30%. The native tokens of ADA$0.7842, Chainlink LINK$20.81 and Aave AAVE$267.09 fell as much as 40%Friday’s market meltdown lead to over $7 billion in liquidations…

This year, Texas’ legislature passed a law to establish a strategic Bitcoin reserve in the state, opening the door for other cryptocurrencies in the future. According to the original sponsor of the bill, Ether could be the next reserve asset.Speaking to Cointelegraph on Thursday, Texas state Senator Charles Schwertner discussed the implementation of the Bitcoin (BTC) reserve bill signed into law by Governor Greg Abbott in June. Though the text of the bill allows Texas to hold other cryptocurrencies in a “special fund outside the state treasury,” Bitcoin was the only one to meet the requirements at the time of…

In brief BlackRock’s Bitcoin ETF (IBIT) has become the asset manager’s most profitable fund by annualized fee revenue, with $97 billion in assets after just 21 months. S&P Global launched its first hybrid “Digital Markets 50” index combining 35 blockchain-related stocks with 15 major cryptocurrencies. Coinbase secured approval to offer staking services in New York for Ethereum, Solana, and Cosmos, becoming the first major exchange to do so. Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week BlackRock mints a new most-profitable ETF, S&P Global gets in the mix, and Coinbase…

The drop comes after President Trump announced new tariffs on China. The broader crypto market plunged sharply on Friday evening, with Bitcoin (BTC) falling 12% as low as $105,896, and Ethereum (ETH) slipping 17% under $3,600 amid renewed risk-off sentiment. BTC 24-hour price chart. Source: CoinGeckoMajor altcoins followed suit, dragging total crypto market capitalization down about 15% to $3.59 trillion, according to CoinGecko data. Total market cap over 24 hours. Source: CoinGeckoXRP experienced a 31% drop as experts warned of a “price crash.” The token is currently trading at $1.90, its lowest price since November 2024. Meanwhile, its market cap…

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods.Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum’s native token ether ETH$4,005.03, nosediving 7% from Friday’s session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin’s BTC$111,480.33 3.5% drop below $118,000 and the index’s 5% plunge.The broad-market downturn spurred a liquidation cascade across crypto derivatives markets, wiping out over $600 million of leveraged trading positions among all assets, CoinGlass data shows.ETH also led in liquidations with over $235…

Big Tech companies that once dismissed Bitcoin (BTC) as a balance sheet asset are now watching Strategy, led by Executive Chairman Michael Saylor, amass a digital asset treasury approaching the size of their own cash piles. The surge comes as Bitcoin hit a new all-time high above $126,000 this week, driven by investor demand for hard assets seen as hedges against US dollar debasement — a narrative increasingly likened to gold.However, Bitcoin isn’t the only corner of crypto attracting major institutional money. The Intercontinental Exchange (ICE) has invested $2 billion in Polymarket, a decentralized prediction platform, valuing the firm at…

Key takeaways:Derivatives data show limited confidence among Bitcoin traders despite strong ETF inflows, keeping downside risks on the table.Gold’s surge and falling Treasury yields highlight growing investor fear as fiscal stress and trade disputes weigh on traders’ sentiment.Bitcoin (BTC) has struggled to regain bullish momentum since reaching its $126,219 all-time high on Monday. Strong spot Bitcoin exchange-traded fund (ETF) inflows point to solid institutional demand, but weakness in BTC derivatives metrics suggests traders remain uncertain about whether the $117,000 level will hold.Bitcoin 60-day futures annualized premium. Source: laevitas.chMonthly Bitcoin futures are trading at a 7% premium compared to spot markets,…

US President Donald Trump announced a 100% tariff on China on Friday, sending the price of Bitcoin (BTC) reeling below $110,000 at the time of writing.Trump said the tariffs were in response to China attempting to place export restrictions on rare earth minerals, which are crucial for creating computer chips. Trump wrote on Truth Social:“It has just been learned that China has taken an extraordinarily aggressive position on Trade in sending an extremely hostile letter to the World, stating that they were going to, effective November 1, 2025, impose large-scale Export Controls on virtually every product they make.”Source: Donald TrumpTrump’s…