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Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market
Bitcoin MagazineNov 04, 2025, 06:37 PM
Bitcoin Magazine Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market Well, the bitcoin price bleeding just doesn’t stop. Bitcoin price just tumbled below $100,000 for the first time since June, marking a fresh low in a rough stretch for the world’s leading cryptocurrency. Bitcoin’s price hit $99,913 but rebounded to $100,575 — at time of writing. The bitcoin price slide comes as investors flee risk assets and macro headwinds mount. The cryptocurrency dropped more than 5% early Tuesday, briefly testing levels not seen in months. Traders watched nervously as the coin broke below key technical support around $104,000. That move yesterday fueled concerns that further losses could be imminent. Spot Bitcoin ETFs have seen a wave of withdrawals. Investors pulled more than $1.8 billion from Bitcoin and Ether products over the past few trading days. Ethereum and Solana were hit harder, each falling over 5%, while crypto-linked stocks like MicroStrategy, Coinbase, and Robinhood slipped at least 3%. “The crypto market today is facing multiple near-term headwinds,” said Derek Lim, head of research at Caladan, per Bloomberg. “This is hitting a market that is already fragile from October’s massive liquidation event and a string of hacks.” All this bitcoin price resistance started when, on October 10, Bitcoin and the broader crypto market witnessed a drastic and sharp sell-off as President Trump announced sweeping 100% tariffs and export controls in response to China’s new restrictions. Despite improved trade talks with China, bitcoin price has not recovered and has slumped much further than the sell-off lows. Bitcoin price reacts to Fed’s hawkish tone The Federal Reserve has also weighed on sentiment. Fed Chair Jerome Powell recently walked back expectations of a December rate cut, signaling that interest rates could remain higher for longer. Powell said that additional rate cuts may not follow in December. The central bank reduced its benchmark interest rate by 0.25 percentage points to a target range of 3.75%–4%. Powell said that inflation excluding the impact of tariffs is “not so far” from the central bank’s 2% target, but emphasized that policymakers have “not made a decision about December.” Powell noted that officials held “strongly differing views” during the meeting. The cut — the Fed’s second of 2025 after a move in September — ended a long stretch of rate holds. The policy shift is intended to lower borrowing costs and support economic activity. The stronger U.S. dollar has pressured non-yielding assets like Bitcoin, adding fuel to the sell-off. Technical charts show Bitcoin price has struggled to hold its 200-day moving average, a key long-term indicator. Analysts say the next line of support sits near $96,000. On the upside, reclaiming $111,000 would be a first step toward regaining momentum. Market sentiment reflects caution. The crypto fear and greed index shifted to “extreme fear” on Monday, a stark change from last week’s neutral readings. Open interest in Bitcoin perpetual futures has fallen roughly 30% from October peaks, indicating that leveraged traders are stepping back, according to Bitcoin Magazine Pro. Some bulls are still buying the dip. Strategy, the firm co-founded by Bitcoin evangelist Michael Saylor, purchased 397 BTC between Oct. 27 and Nov. 2 at an average price of $114,771. Their move is a small but notable vote of confidence amid the turbulence. Investors now look ahead to the U.S. Consumer Price Index report due Nov. 13. Cooler inflation data could spark speculation of Fed easing, a potential boost for Bitcoin. Until then, sellers remain in control, and a sustained close below $100,000 could trigger deeper losses. Despite the pullback, Bitcoin’s long-term story remains intact. It surged from $5,000 in March 2020 to over $126,000 in October 2025, highlighting the coin’s volatility and resilience. But for now, traders are treading carefully, wary of further downside as the market digests October’s historic losses. This post Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
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Bitcoin Magazine Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market Well, the bitcoin price bleeding just doesn’t stop. Bitcoin price just tumbled below $100,000 for the first time since June, marking a fresh low in a rough stretch for the world’s leading cryptocurrency. Bitcoin’s price hit $99,913 but rebounded to $100,575 — at time of writing. The bitcoin price slide comes as investors flee risk assets and macro headwinds mount. The cryptocurrency dropped more than 5% early Tuesday, briefly testing levels not seen in months. Traders watched nervously as the coin broke below key technical support around $104,000. That move yesterday fueled concerns that further losses could be imminent. Spot Bitcoin ETFs have seen a wave of withdrawals. Investors pulled more than $1.8 billion from Bitcoin and Ether products over the past few trading days. Ethereum and Solana were hit harder, each falling over 5%, while crypto-linked stocks like MicroStrategy, Coinbase, and Robinhood slipped at least 3%. “The crypto market today is facing multiple near-term headwinds,” said Derek Lim, head of research at Caladan, per Bloomberg. “This is hitting a market that is already fragile from October’s massive liquidation event and a string of hacks.” All this bitcoin price resistance started when, on October 10, Bitcoin and the broader crypto market witnessed a drastic and sharp sell-off as President Trump announced sweeping 100% tariffs and export controls in response to China’s new restrictions. Despite improved trade talks with China, bitcoin price has not recovered and has slumped much further than the sell-off lows. Bitcoin price reacts to Fed’s hawkish tone The Federal Reserve has also weighed on sentiment. Fed Chair Jerome Powell recently walked back expectations of a December rate cut, signaling that interest rates could remain higher for longer. Powell said that additional rate cuts may not follow in December. The central bank reduced its benchmark interest rate by 0.25 percentage points to a target range of 3.75%–4%. Powell said that inflation excluding the impact of tariffs is “not so far” from the central bank’s 2% target, but emphasized that policymakers have “not made a decision about December.” Powell noted that officials held “strongly differing views” during the meeting. The cut — the Fed’s second of 2025 after a move in September — ended a long stretch of rate holds. The policy shift is intended to lower borrowing costs and support economic activity. The stronger U.S. dollar has pressured non-yielding assets like Bitcoin, adding fuel to the sell-off. Technical charts show Bitcoin price has struggled to hold its 200-day moving average, a key long-term indicator. Analysts say the next line of support sits near $96,000. On the upside, reclaiming $111,000 would be a first step toward regaining momentum. Market sentiment reflects caution. The crypto fear and greed index shifted to “extreme fear” on Monday, a stark change from last week’s neutral readings. Open interest in Bitcoin perpetual futures has fallen roughly 30% from October peaks, indicating that leveraged traders are stepping back, according to Bitcoin Magazine Pro. Some bulls are still buying the dip. Strategy, the firm co-founded by Bitcoin evangelist Michael Saylor, purchased 397 BTC between Oct. 27 and Nov. 2 at an average price of $114,771. Their move is a small but notable vote of confidence amid the turbulence. Investors now look ahead to the U.S. Consumer Price Index report due Nov. 13. Cooler inflation data could spark speculation of Fed easing, a potential boost for Bitcoin. Until then, sellers remain in control, and a sustained close below $100,000 could trigger deeper losses. Despite the pullback, Bitcoin’s long-term story remains intact. It surged from $5,000 in March 2020 to over $126,000 in October 2025, highlighting the coin’s volatility and resilience. But for now, traders are treading carefully, wary of further downside as the market digests October’s historic losses. This post Bitcoin Price Plunges Below $100,000 As Extreme Fear Hits the Market first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Wintermute CEO Calls Binance Lawsuit Claims ‘Baseless Rumor’
CryptoPotatoNov 04, 2025, 06:21 PM
Wintermute CEO Evgeny Gaevoy has publicly denied one of the loudest and most persistent rumors that has been circulating since the October 10 liquidation shock – that the cryptocurrency market-making firm is preparing to sue Binance. Posting on X this week, Gaevoy reiterated that Wintermute “never had plans to sue Binance,” and said nothing about the firm’s position has changed since his statements immediately after the event. Wintermute-Binance Lawsuit Rumor The denial follows multiple posts from pseudonymous market commentators alleging Wintermute was pursuing reimbursement over losses tied to Binance’s Auto-Deleveraging (ADL) mechanism during the crash. Gaevoy directly responded to one such post, and the claim was nothing but a “baseless rumor.” The October event, which has been described by trading desks as the largest 24-hour liquidation in crypto history, triggered extensive debate around the role of large market makers during forced unwinding moments. Binance later disclosed compensation and support measures of $283 million in reimbursements, as well as a $400 million recovery initiative for users and institutional desks. But Wintermute has not confirmed whether it received any compensation from the exchange. On October 12, Gaevoy stated publicly that the firm was “perfectly fine” following the event. While rumors of a potential legal confrontation continued to gain traction over the past week, a separate but highly viral narrative also circulated, which suggested that Binance and Wintermute jointly profited from the liquidation cycle. Those claims, which are unsupported by public evidence, alleged that Binance regularly transfers large volumes of assets to Wintermute before major sell-offs, and that Wintermute then drives markets lower to capture the spread. The claims also cited Wintermute’s large inbound transfer to Binance hours before the October 10 price drop, a detail that was reported as routine liquidity rebalancing at the time. CZ Pushes Back Despite the intensity of speculation across social platforms, neither Binance nor Wintermute has hinted at the existence of legal conflict or internal breakdown. Binance has not commented directly on the Wintermute lawsuit rumor, but the exchange previously stated there was no preferential treatment or internal execution error behind the October ADL triggers, and had added that the event was driven by extreme open interest that had built up in the weeks prior. The exchange’s founder and former CEO, CZ, however, tweeted, “If someone made you believe otherwise, it’s time to click unfollow.” The post Wintermute CEO Calls Binance Lawsuit Claims ‘Baseless Rumor’ appeared first on CryptoPotato.
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Wintermute CEO Evgeny Gaevoy has publicly denied one of the loudest and most persistent rumors that has been circulating since the October 10 liquidation shock – that the cryptocurrency market-making firm is preparing to sue Binance. Posting on X this week, Gaevoy reiterated that Wintermute “never had plans to sue Binance,” and said nothing about the firm’s position has changed since his statements immediately after the event. Wintermute-Binance Lawsuit Rumor The denial follows multiple posts from pseudonymous market commentators alleging Wintermute was pursuing reimbursement over losses tied to Binance’s Auto-Deleveraging (ADL) mechanism during the crash. Gaevoy directly responded to one such post, and the claim was nothing but a “baseless rumor.” The October event, which has been described by trading desks as the largest 24-hour liquidation in crypto history, triggered extensive debate around the role of large market makers during forced unwinding moments. Binance later disclosed compensation and support measures of $283 million in reimbursements, as well as a $400 million recovery initiative for users and institutional desks. But Wintermute has not confirmed whether it received any compensation from the exchange. On October 12, Gaevoy stated publicly that the firm was “perfectly fine” following the event. While rumors of a potential legal confrontation continued to gain traction over the past week, a separate but highly viral narrative also circulated, which suggested that Binance and Wintermute jointly profited from the liquidation cycle. Those claims, which are unsupported by public evidence, alleged that Binance regularly transfers large volumes of assets to Wintermute before major sell-offs, and that Wintermute then drives markets lower to capture the spread. The claims also cited Wintermute’s large inbound transfer to Binance hours before the October 10 price drop, a detail that was reported as routine liquidity rebalancing at the time. CZ Pushes Back Despite the intensity of speculation across social platforms, neither Binance nor Wintermute has hinted at the existence of legal conflict or internal breakdown. Binance has not commented directly on the Wintermute lawsuit rumor, but the exchange previously stated there was no preferential treatment or internal execution error behind the October ADL triggers, and had added that the event was driven by extreme open interest that had built up in the weeks prior. The exchange’s founder and former CEO, CZ, however, tweeted, “If someone made you believe otherwise, it’s time to click unfollow.” The post Wintermute CEO Calls Binance Lawsuit Claims ‘Baseless Rumor’ appeared first on CryptoPotato.
Binance CEO Denies Promoting Trump Stablecoin Before CZ Pardon
CryptoNews.comNov 04, 2025, 01:40 PM
Binance CEO Richard Teng rejected claims that the exchange boosted a Trump-backed stablecoin to secure a presidential pardon for former chief Changpeng Zhao. The allegations center on a $2 billion investment from Abu Dhabi’s state-owned MGX, settled using USD1, a stablecoin created by World Liberty Financial, the Trump family’s crypto venture.MGX’s investment and Binance’s subsequent listing of USD1 strengthened the stablecoin’s market position, prompting lawmakers and media reports to suggest this may have influenced Zhao’s pardon. Speaking to CNBC on Monday, Teng dismissed any preferential treatment, noting MGX decided independently to use USD1 for the transaction and that other exchanges had already listed the token before Binance.Binance CEO Richard Teng at Gulf Binance Event. | Source: Bloomberg on GettyImagesCorruption Allegations Mount Over Binance-Trump TiesAccording to Wall Street Journal, Binance not only facilitated MGX’s USD1 settlement but also helped build the stablecoin’s underlying technology, citing anonymous sources. World Liberty Financial gained significantly from USD1’s Binance listing and a partnership with PancakeSwap, an online crypto marketplace linked to the exchange.Senator Elizabeth Warren accused Binance and the Trump administration of corruption last month. The vocal crypto critic said Zhao pleaded guilty to criminal money laundering charges, then boosted Trump’s venture and lobbied for clemency before the president obliged. Democratic senators, including @SenWarren, are questioning President Trump's pardon of Changpeng Zhao, citing lobbying efforts and alleged financial links. #CZ #Trump #pardon #Binancehttps://t.co/QWiopjA4fb— Cryptonews.com (@cryptonews) October 29, 2025 Critics have long questioned World Liberty Financial’s open connections to the White House as it pursues overseas partnerships and investors.According to the platform’s website, DT Marks DEFI LLC and Trump family members reportedly receive major revenue shares and hold WLFI tokens backing the company, which is said to have netted hundreds of millions to billions in profits. However, the site clarifies that Trump, his relatives, and affiliated entities are not officers, directors, founders, or managers of World Liberty Financial. MGX’s $2 billion USD1 purchase occurred two weeks before the White House signed a major microchip access agreement with the UAE, raising additional concerns about potential conflicts.Trump Dismisses Questions About Pardon and Family BusinessDuring a 60 Minutes interview on Sunday, President Trump claimed he didn’t know who Zhao is, despite having granted the pardon. When pressed about Zhao’s guilty plea for violating anti-money laundering laws, Trump called it a “Biden witch hunt” and said he was “too busy” to know about Binance’s $2 billion deal with his family’s venture.The president insisted his sons run their crypto business independently without government involvement. @realDonaldTrump claimed he doesn’t know who @Binance founder @cz_binance is, despite granting him a presidential pardon.#Trump #Binancehttps://t.co/f456ny7t1M— Cryptonews.com (@cryptonews) November 3, 2025 White House press secretary Karoline Leavitt defended the pardon in October, stating that Zhao was prosecuted without any allegations of fraud or identifiable victims. Trump has since embraced the crypto sector, proposing new legislation while reversing enforcement actions that targeted exchanges like Coinbase and Ripple.Zhao stepped down from Binance in 2023 after pleading guilty to enabling money laundering through inadequate anti-money laundering controls. He served four months in prison before receiving clemency. Teng said Monday the industry felt “very thankful” for the pardon and Trump’s vision of making America the “global crypto capital.”Binance Plans US Market ReturnBinance is exploring options to re-enter the US market following Zhao’s pardon, weighing whether to consolidate its separate US affiliate into global operations or allow direct American access. The exchange currently operates Binance.US as a structurally independent entity, capturing less than 1% of US Bitcoin volume, compared to nearly 40% globally for its international platform.Legal experts confirm the pardon removes barriers that had sidelined Zhao since his 2023 guilty plea.BNB, Binance’s native token, surged 8% following news of the pardon. Binance considers US market re-entry after Trump pardons founder Changpeng Zhao, exploring consolidation options for its American operations.#Binance #Trump #CZhttps://t.co/JzHG6RgHV7— Cryptonews.com (@cryptonews) October 27, 2025 Given the growing dissatisfaction from some regulators, Representative Ro Khanna proposed legislation to ban elected officials from owning or launching cryptocurrencies, calling Zhao’s pardon “blatant corruption.” Zhao also appears to be getting enough of the allegation. Back on October 30, Zhao threatened to file a defamation lawsuit against Warren over her criticism. However, Warren’s attorney later dismissed the threat, insisting her comments about his criminal conviction were factually accurate and supported by public records.The post Binance CEO Denies Promoting Trump Stablecoin Before CZ Pardon appeared first on Cryptonews.
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Binance CEO Richard Teng rejected claims that the exchange boosted a Trump-backed stablecoin to secure a presidential pardon for former chief Changpeng Zhao. The allegations center on a $2 billion investment from Abu Dhabi’s state-owned MGX, settled using USD1, a stablecoin created by World Liberty Financial, the Trump family’s crypto venture.MGX’s investment and Binance’s subsequent listing of USD1 strengthened the stablecoin’s market position, prompting lawmakers and media reports to suggest this may have influenced Zhao’s pardon. Speaking to CNBC on Monday, Teng dismissed any preferential treatment, noting MGX decided independently to use USD1 for the transaction and that other exchanges had already listed the token before Binance.Binance CEO Richard Teng at Gulf Binance Event. | Source: Bloomberg on GettyImagesCorruption Allegations Mount Over Binance-Trump TiesAccording to Wall Street Journal, Binance not only facilitated MGX’s USD1 settlement but also helped build the stablecoin’s underlying technology, citing anonymous sources. World Liberty Financial gained significantly from USD1’s Binance listing and a partnership with PancakeSwap, an online crypto marketplace linked to the exchange.Senator Elizabeth Warren accused Binance and the Trump administration of corruption last month. The vocal crypto critic said Zhao pleaded guilty to criminal money laundering charges, then boosted Trump’s venture and lobbied for clemency before the president obliged. Democratic senators, including @SenWarren, are questioning President Trump's pardon of Changpeng Zhao, citing lobbying efforts and alleged financial links. #CZ #Trump #pardon #Binancehttps://t.co/QWiopjA4fb— Cryptonews.com (@cryptonews) October 29, 2025 Critics have long questioned World Liberty Financial’s open connections to the White House as it pursues overseas partnerships and investors.According to the platform’s website, DT Marks DEFI LLC and Trump family members reportedly receive major revenue shares and hold WLFI tokens backing the company, which is said to have netted hundreds of millions to billions in profits. However, the site clarifies that Trump, his relatives, and affiliated entities are not officers, directors, founders, or managers of World Liberty Financial. MGX’s $2 billion USD1 purchase occurred two weeks before the White House signed a major microchip access agreement with the UAE, raising additional concerns about potential conflicts.Trump Dismisses Questions About Pardon and Family BusinessDuring a 60 Minutes interview on Sunday, President Trump claimed he didn’t know who Zhao is, despite having granted the pardon. When pressed about Zhao’s guilty plea for violating anti-money laundering laws, Trump called it a “Biden witch hunt” and said he was “too busy” to know about Binance’s $2 billion deal with his family’s venture.The president insisted his sons run their crypto business independently without government involvement. @realDonaldTrump claimed he doesn’t know who @Binance founder @cz_binance is, despite granting him a presidential pardon.#Trump #Binancehttps://t.co/f456ny7t1M— Cryptonews.com (@cryptonews) November 3, 2025 White House press secretary Karoline Leavitt defended the pardon in October, stating that Zhao was prosecuted without any allegations of fraud or identifiable victims. Trump has since embraced the crypto sector, proposing new legislation while reversing enforcement actions that targeted exchanges like Coinbase and Ripple.Zhao stepped down from Binance in 2023 after pleading guilty to enabling money laundering through inadequate anti-money laundering controls. He served four months in prison before receiving clemency. Teng said Monday the industry felt “very thankful” for the pardon and Trump’s vision of making America the “global crypto capital.”Binance Plans US Market ReturnBinance is exploring options to re-enter the US market following Zhao’s pardon, weighing whether to consolidate its separate US affiliate into global operations or allow direct American access. The exchange currently operates Binance.US as a structurally independent entity, capturing less than 1% of US Bitcoin volume, compared to nearly 40% globally for its international platform.Legal experts confirm the pardon removes barriers that had sidelined Zhao since his 2023 guilty plea.BNB, Binance’s native token, surged 8% following news of the pardon. Binance considers US market re-entry after Trump pardons founder Changpeng Zhao, exploring consolidation options for its American operations.#Binance #Trump #CZhttps://t.co/JzHG6RgHV7— Cryptonews.com (@cryptonews) October 27, 2025 Given the growing dissatisfaction from some regulators, Representative Ro Khanna proposed legislation to ban elected officials from owning or launching cryptocurrencies, calling Zhao’s pardon “blatant corruption.” Zhao also appears to be getting enough of the allegation. Back on October 30, Zhao threatened to file a defamation lawsuit against Warren over her criticism. However, Warren’s attorney later dismissed the threat, insisting her comments about his criminal conviction were factually accurate and supported by public records.The post Binance CEO Denies Promoting Trump Stablecoin Before CZ Pardon appeared first on Cryptonews.
Here’s Why The Bitcoin, Ethereum, And Dogecoin Prices Are Crashing Again
NewsBTCNov 04, 2025, 12:30 PM
The cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week. The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of the industry’s largest market makers, was preparing to sue Binance over alleged issues linked to the October 10 crash. Rumors Of A Lawsuit Against Binance Add To Anxiety Market unease deepened after rumors circulated on X claiming that Wintermute, one of the industry’s leading market makers, was preparing to sue Binance over losses incurred during the October 10 crash. The speculation began when a user known as WhalePump Reborn claimed that Wintermute had lost hundreds of millions and was preparing legal action, describing the situation as “not going to be pretty.” This was followed by another detailed post from a popular X account known as StarPlatinum, which addressed rumors that Wintermute was pursuing legal action against Binance over what it called unfair ADL executions during the massive liquidation event in early October. As noted by the post, Binance’s system overload during the crash led to automatic deleveraging (ADL) at extreme price points, causing an estimated $19 billion to $20 billion in liquidations in just 24 hours, the largest single-day wipeout in crypto history. Notably, Wintermute’s portfolio across Ethereum, Arbitrum, and Solana fell by about $65 million following the crash, though no on-chain patterns indicated forced liquidations or large withdrawals. Binance, for its part, had acknowledged system overloads at the time but denied any preferential treatment or technical fault that could have led to any unfair losses. Wintermute Founder Refutes Claims Of Lawsuit As panic spread through the market, Wintermute’s founder, Evgeny Gaevoy, took to X to dispel the rumors entirely. Quoting an earlier post from October 11, Gaevoy reiterated that Wintermute had never planned to sue Binance and saw no reason to do so in the future. “We never had plans to sue Binance, nor see any reason to do it in future,” Gaevoy said on X. “I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont,” he added. He also described the circulating claims as complete bullshit in a direct response to the WhalePump Reborn post. The Wintermute rumors are part of various factors that are causing the price of cryptocurrencies to crash. Another factor could be the Fed Chair Jerome Powell hinting that the central bank may not pursue additional rate cuts anytime soon. Adding to the selling pressure were outflows from spot Bitcoin ETFs. According to data from Farside Investors, Spot Bitcoin ETFs started November with outflows on Monday, bringing the trend to four consecutive days of outflows. At the time of writing, Bitcoin is trading at $104,502, down by 2.8% in the past 24 hours. Ethereum is trading at $3,490, down 6.0% in 24 hours. Dogecoin is trading at $0.1618, down 6.8% in 24 hours.
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The cryptocurrency market has been struck by another wave of red candles, plunging 4.1% in the past 24 hours. Bitcoin, Ethereum, and Dogecoin have all suffered notable declines, with all large market-cap cryptocurrencies falling below support levels that held last week. The downturn gained momentum after claims surfaced on X suggesting that Wintermute, one of the industry’s largest market makers, was preparing to sue Binance over alleged issues linked to the October 10 crash. Rumors Of A Lawsuit Against Binance Add To Anxiety Market unease deepened after rumors circulated on X claiming that Wintermute, one of the industry’s leading market makers, was preparing to sue Binance over losses incurred during the October 10 crash. The speculation began when a user known as WhalePump Reborn claimed that Wintermute had lost hundreds of millions and was preparing legal action, describing the situation as “not going to be pretty.” This was followed by another detailed post from a popular X account known as StarPlatinum, which addressed rumors that Wintermute was pursuing legal action against Binance over what it called unfair ADL executions during the massive liquidation event in early October. As noted by the post, Binance’s system overload during the crash led to automatic deleveraging (ADL) at extreme price points, causing an estimated $19 billion to $20 billion in liquidations in just 24 hours, the largest single-day wipeout in crypto history. Notably, Wintermute’s portfolio across Ethereum, Arbitrum, and Solana fell by about $65 million following the crash, though no on-chain patterns indicated forced liquidations or large withdrawals. Binance, for its part, had acknowledged system overloads at the time but denied any preferential treatment or technical fault that could have led to any unfair losses. Wintermute Founder Refutes Claims Of Lawsuit As panic spread through the market, Wintermute’s founder, Evgeny Gaevoy, took to X to dispel the rumors entirely. Quoting an earlier post from October 11, Gaevoy reiterated that Wintermute had never planned to sue Binance and saw no reason to do so in the future. “We never had plans to sue Binance, nor see any reason to do it in future,” Gaevoy said on X. “I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont,” he added. He also described the circulating claims as complete bullshit in a direct response to the WhalePump Reborn post. The Wintermute rumors are part of various factors that are causing the price of cryptocurrencies to crash. Another factor could be the Fed Chair Jerome Powell hinting that the central bank may not pursue additional rate cuts anytime soon. Adding to the selling pressure were outflows from spot Bitcoin ETFs. According to data from Farside Investors, Spot Bitcoin ETFs started November with outflows on Monday, bringing the trend to four consecutive days of outflows. At the time of writing, Bitcoin is trading at $104,502, down by 2.8% in the past 24 hours. Ethereum is trading at $3,490, down 6.0% in 24 hours. Dogecoin is trading at $0.1618, down 6.8% in 24 hours.
[LIVE] Crypto News Today, November 4 – Bitcoin Dips to $103K Amid Binance–Wintermute Rumors, While ZCASH (ZEC) And JELLYJELLY Fly: Next 100x Crypto?
99bitcoinsNov 04, 2025, 09:53 AM
Another red day for the market as .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $103,739.25 3.16% Bitcoin BTC Price $103,739.25 3.16% /24h Volume in 24h $83.44B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more plunged to $103,757, dropping nearly 4% amid rumors of a legal dispute between Binance and market maker Wintermute. However, Wintermute founder Evgeny Gaevoy quickly shut down the claims, calling them “completely baseless.” literally nothing changed since this tweet and we never had plans to sue binance, nor see any reason to do it in future I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont https://t.co/0oHShby0Uk — wishful_cynic (@EvgenyGaevoy) November 3, 2025 While leading assets like Ethereum, BNB, and Solana tumbled, a few unexpected outliers like ZCASH .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Zcash ZEC $408.36 19.14% Zcash ZEC Price $408.36 19.14% /24h Volume in 24h $2.60B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more and .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Jelly-My-Jelly JELLYJELLY $0.2394 198.66% Jelly-My-Jelly JELLYJELLY Price $0.2394 198.66% /24h Volume in 24h $250.98M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more defied gravity — proving that even in volatile conditions, traders are still hunting for the next 100x crypto opportunity. The latest selloff came as Bitcoin spot ETFs saw $187 million in outflows on November 3, marking the fourth consecutive day of withdrawals, mostly from BlackRock’s IBIT. Ethereum spot ETFs also logged $135.7 million in outflows, deepening pressure across the broader market. Meanwhile, StakeWise managed to recover $19.3 million in assets from the Balancer exploit, cutting the hacker’s total haul to about $98 million — one of the few positive developments in an otherwise uneasy DeFi landscape. EXPLORE: 10+ Next Crypto to 100X In 2025 ZEC and JELLYJELLY Defy the Trend – Next 100x Crypto? While most majors fell: .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Ethereum ETH $3,569.52 4.75% Ethereum ETH Price $3,569.52 4.75% /24h Volume in 24h $51.27B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $3,488, .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } BNB BNB $962.27 6.72% BNB BNB Price $962.27 6.72% /24h Volume in 24h $5.55B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $948, .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Solana SOL $163.11 8.86% Solana SOL Price $163.11 8.86% /24h Volume in 24h $13.62B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $159 (–9.7%), .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } XRP XRP $2.31 6.02% XRP XRP Price $2.31 6.02% /24h Volume in 24h $6.88B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $2.25 (–6.6%) etc… ZCASH (ZEC) stood out with a 22% surge to $468, backed by over $1.5 billion in trading volume. Another surprise came from meme coin JELLYJELLY, which skyrocketed 155% in a single day to a $196 million market cap. (Source: Coingecko) Though both are unlikely to become the next 100x crypto due to their already large valuations, their explosive moves highlight one truth: volatility still rewards those who spot trends early. With sentiment shaky but liquidity shifting fast, traders are scanning the lower-cap sector, where the next 100x crypto could quietly be forming. 19 minutes ago U.S. Cracks Down on North Korea’s Crypto Laundering Network By Fatima The U.S. Department of the Treasury imposed sanctions on eight individuals and two entities connected to Democratic People’s Republic of Korea (North Korea), accusing them of laundering cryptocurrency and IT-worker earnings to fund its nuclear- and missile-weapons programs. The designated actors operated through banks and shell companies in China and Russia, helping funnel proceeds from more than $3 billion in stolen digital assets. 3 hours ago Sam Bankman-Fried Fights to Overturn 25-Year Sentence, Claims ‘Rush to Judgment’ in FTX Trial By Fatima According to Bloomberg, Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX, is appealing his 25-year prison sentence, arguing he was denied a fair trial. His legal team claims that media pressure, prosecutors, and U.S. District Judge Lewis Kaplan “presumed him guilty before he was even charged.” Bankman-Fried, 33, was found guilty in 2023 on seven counts of fraud and conspiracy for allegedly using billions in FTX customer funds to support Alameda Research, make risky investments, and fund a lavish lifestyle. Jurors deliberated less than five hours before convicting him. Leading his appeal is high-profile lawyer Alexandra Shapiro, known for overturning white-collar convictions. She plans to argue that Judge Kaplan’s conduct, including alleged ridicule of Bankman-Fried’s testimony and pressure on jurors for a quick verdict, deprived her client of an impartial trial. Bankman-Fried’s lawyers also contend that Kaplan wrongly blocked evidence showing FTX had enough assets to repay users, while prosecutors painted him as a thief responsible for billions in losses. Currently imprisoned in California, Bankman-Fried seeks a new trial before a different judge, insisting he never intended to defraud anyone and acted on legal advice in good faith. 3 hours ago Everything You Need to Know About Dfinity 2.0 By Fatima Dfinity is building big plans for Internet Computer 2.0, but how does this play into the wider Dfinity 2.0 vision? Here’s what you need to know. The DFINITY Foundation laid out a plan it calls “Internet Computer 2.0,” positioning its blockchain as a mainstream cloud for “self-writing” apps while proposing deflation-minded tokenomics and a leaner, product-driven organization. The update, published today by founder Dominic Williams, details new “cloud engines,” a push to cut inflation in 2026, and spin-out ventures built to drive adoption. Why Is Node Independence Important for ICP’s Cloud Engines? Read The Full Article Here 5 hours ago GROK Predicts The Best Crypto Presales For Big 2026 Gains By Fatima What’s the best crypto presales right now? Forget crystal balls because Grok is the new AI insider traders are using. So far, my best calls ala Grok have been .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Zcash ZEC $408.36 19.14% Zcash ZEC Price $408.36 19.14% /24h Volume in 24h $2.60B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more at $320 (I hesitated at $250 – fatal), Bittensor TAO, and Hyperliquid. The pattern for me and Grok are simple: winners keep winning. Those are my favorite picks right now. But if you’re chasing what’s next, here are two presales being hyped on X right now. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Read The Full Article Here 6 hours ago Moonwell Exploited for $1M After Oracle Glitch Misprices wrstETH at $5.8M By Fatima Lending protocol Moonwell suffered a $1 million exploit after an oracle glitch mispriced wrstETH at $5.8 million, enabling an attacker to borrow over 20 wstETH using just 0.02 wrstETH through flash loans, according to CertiK. The team is investigating and coordinating with partners to address the vulnerability. JUST IN: Moonwell exploited for $1M after an oracle glitch falsely priced wrstETH at $5.8M, allowing the attacker to borrow 20+ wstETH with just ~0.02 wrstETH via flash loans, as per CertiK.https://t.co/qnYeEus6Tq pic.twitter.com/xfNDX65ARo — Hash minutes (@hashminutes) November 4, 2025 6 hours ago CZ Jokes About Buying the “Local Top” After New Astar Purchase By Fatima Binance founder Changpeng “CZ” Zhao joked on X that he may have once again bought the “local top” after revealing a new purchase of Aster. “Every time I buy coins, I get stuck in a losing position — 100% record,” he wrote, recalling similar moments in 2014 and 2017 when his Bitcoin and BNB buys were followed by sharp drops. CZ added he recently increased his Aster holdings but warned traders to “watch out for risks,” saying he won’t share future trades to avoid influencing the market. 我每次买币都被套，100%的记录。 2014年，均价$600买了BTC，一个月内跌倒$200，持续了18个月。2017年，买了BNB，也跌了20-30%，持续了几周。这次。。。还说不准呢。昨天又加了点仓。所以大家要注意风险啊。以后不再披露了。免得影响大家的行情。 https://t.co/jezvlAbXax — CZ BNB (@cz_binance) November 4, 2025 The post [LIVE] Crypto News Today, November 4 – Bitcoin Dips to $103K Amid Binance–Wintermute Rumors, While ZCASH (ZEC) And JELLYJELLY Fly: Next 100x Crypto? appeared first on 99Bitcoins.
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Another red day for the market as .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Bitcoin BTC $103,739.25 3.16% Bitcoin BTC Price $103,739.25 3.16% /24h Volume in 24h $83.44B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more plunged to $103,757, dropping nearly 4% amid rumors of a legal dispute between Binance and market maker Wintermute. However, Wintermute founder Evgeny Gaevoy quickly shut down the claims, calling them “completely baseless.” literally nothing changed since this tweet and we never had plans to sue binance, nor see any reason to do it in future I should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont https://t.co/0oHShby0Uk — wishful_cynic (@EvgenyGaevoy) November 3, 2025 While leading assets like Ethereum, BNB, and Solana tumbled, a few unexpected outliers like ZCASH .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Zcash ZEC $408.36 19.14% Zcash ZEC Price $408.36 19.14% /24h Volume in 24h $2.60B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more and .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Jelly-My-Jelly JELLYJELLY $0.2394 198.66% Jelly-My-Jelly JELLYJELLY Price $0.2394 198.66% /24h Volume in 24h $250.98M ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more defied gravity — proving that even in volatile conditions, traders are still hunting for the next 100x crypto opportunity. The latest selloff came as Bitcoin spot ETFs saw $187 million in outflows on November 3, marking the fourth consecutive day of withdrawals, mostly from BlackRock’s IBIT. Ethereum spot ETFs also logged $135.7 million in outflows, deepening pressure across the broader market. Meanwhile, StakeWise managed to recover $19.3 million in assets from the Balancer exploit, cutting the hacker’s total haul to about $98 million — one of the few positive developments in an otherwise uneasy DeFi landscape. EXPLORE: 10+ Next Crypto to 100X In 2025 ZEC and JELLYJELLY Defy the Trend – Next 100x Crypto? While most majors fell: .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Ethereum ETH $3,569.52 4.75% Ethereum ETH Price $3,569.52 4.75% /24h Volume in 24h $51.27B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $3,488, .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } BNB BNB $962.27 6.72% BNB BNB Price $962.27 6.72% /24h Volume in 24h $5.55B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $948, .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Solana SOL $163.11 8.86% Solana SOL Price $163.11 8.86% /24h Volume in 24h $13.62B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $159 (–9.7%), .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } XRP XRP $2.31 6.02% XRP XRP Price $2.31 6.02% /24h Volume in 24h $6.88B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more $2.25 (–6.6%) etc… ZCASH (ZEC) stood out with a 22% surge to $468, backed by over $1.5 billion in trading volume. Another surprise came from meme coin JELLYJELLY, which skyrocketed 155% in a single day to a $196 million market cap. (Source: Coingecko) Though both are unlikely to become the next 100x crypto due to their already large valuations, their explosive moves highlight one truth: volatility still rewards those who spot trends early. With sentiment shaky but liquidity shifting fast, traders are scanning the lower-cap sector, where the next 100x crypto could quietly be forming. 19 minutes ago U.S. Cracks Down on North Korea’s Crypto Laundering Network By Fatima The U.S. Department of the Treasury imposed sanctions on eight individuals and two entities connected to Democratic People’s Republic of Korea (North Korea), accusing them of laundering cryptocurrency and IT-worker earnings to fund its nuclear- and missile-weapons programs. The designated actors operated through banks and shell companies in China and Russia, helping funnel proceeds from more than $3 billion in stolen digital assets. 3 hours ago Sam Bankman-Fried Fights to Overturn 25-Year Sentence, Claims ‘Rush to Judgment’ in FTX Trial By Fatima According to Bloomberg, Sam Bankman-Fried, the convicted founder of collapsed crypto exchange FTX, is appealing his 25-year prison sentence, arguing he was denied a fair trial. His legal team claims that media pressure, prosecutors, and U.S. District Judge Lewis Kaplan “presumed him guilty before he was even charged.” Bankman-Fried, 33, was found guilty in 2023 on seven counts of fraud and conspiracy for allegedly using billions in FTX customer funds to support Alameda Research, make risky investments, and fund a lavish lifestyle. Jurors deliberated less than five hours before convicting him. Leading his appeal is high-profile lawyer Alexandra Shapiro, known for overturning white-collar convictions. She plans to argue that Judge Kaplan’s conduct, including alleged ridicule of Bankman-Fried’s testimony and pressure on jurors for a quick verdict, deprived her client of an impartial trial. Bankman-Fried’s lawyers also contend that Kaplan wrongly blocked evidence showing FTX had enough assets to repay users, while prosecutors painted him as a thief responsible for billions in losses. Currently imprisoned in California, Bankman-Fried seeks a new trial before a different judge, insisting he never intended to defraud anyone and acted on legal advice in good faith. 3 hours ago Everything You Need to Know About Dfinity 2.0 By Fatima Dfinity is building big plans for Internet Computer 2.0, but how does this play into the wider Dfinity 2.0 vision? Here’s what you need to know. The DFINITY Foundation laid out a plan it calls “Internet Computer 2.0,” positioning its blockchain as a mainstream cloud for “self-writing” apps while proposing deflation-minded tokenomics and a leaner, product-driven organization. The update, published today by founder Dominic Williams, details new “cloud engines,” a push to cut inflation in 2026, and spin-out ventures built to drive adoption. Why Is Node Independence Important for ICP’s Cloud Engines? Read The Full Article Here 5 hours ago GROK Predicts The Best Crypto Presales For Big 2026 Gains By Fatima What’s the best crypto presales right now? Forget crystal balls because Grok is the new AI insider traders are using. So far, my best calls ala Grok have been .cwp-coin-chart svg path { stroke-width: 0.65 !important; } .cwp-coin-widget-container .cwp-graph-container.positive svg path:nth-of-type(2) { stroke: #008868 !important; } .cwp-coin-widget-container .cwp-coin-trend.positive { color: #008868 !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.positive { border: 1px solid #008868; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.positive::before { border-bottom: 4px solid #008868 !important; } .cwp-coin-widget-container .cwp-coin-price-holder .cwp-coin-trend-holder .cwp-trend { background-color: transparent !important; } .cwp-coin-widget-container .cwp-graph-container.negative svg path:nth-of-type(2) { stroke: #A90C0C !important; } .cwp-coin-widget-container .cwp-coin-popup-holder .cwp-coin-trend.negative { border: 1px solid #A90C0C; border-radius: 3px; } .cwp-coin-widget-container .cwp-coin-trend.negative { color: #A90C0C !important; background-color: transparent !important; } .cwp-coin-widget-container .cwp-coin-trend.negative::before { border-top: 4px solid #A90C0C !important; } Zcash ZEC $408.36 19.14% Zcash ZEC Price $408.36 19.14% /24h Volume in 24h $2.60B ? --> Price 7d // Make SVG responsive jQuery(document).ready(function($) { var svg = $('.cwp-graph-container svg').last(); if (svg.length) { var originalWidth = svg.attr('width') || '160'; var originalHeight = svg.attr('height') || '40'; if (!svg.attr('viewBox')) { svg.attr('viewBox', '0 0 ' + originalWidth + ' ' + originalHeight); } svg.removeAttr('width').removeAttr('height'); svg.css({'width': '100%', 'height': '100%'}); svg.attr('preserveAspectRatio', 'xMidYMid meet'); } }); Learn more at $320 (I hesitated at $250 – fatal), Bittensor TAO, and Hyperliquid. The pattern for me and Grok are simple: winners keep winning. Those are my favorite picks right now. But if you’re chasing what’s next, here are two presales being hyped on X right now. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 Read The Full Article Here 6 hours ago Moonwell Exploited for $1M After Oracle Glitch Misprices wrstETH at $5.8M By Fatima Lending protocol Moonwell suffered a $1 million exploit after an oracle glitch mispriced wrstETH at $5.8 million, enabling an attacker to borrow over 20 wstETH using just 0.02 wrstETH through flash loans, according to CertiK. The team is investigating and coordinating with partners to address the vulnerability. JUST IN: Moonwell exploited for $1M after an oracle glitch falsely priced wrstETH at $5.8M, allowing the attacker to borrow 20+ wstETH with just ~0.02 wrstETH via flash loans, as per CertiK.https://t.co/qnYeEus6Tq pic.twitter.com/xfNDX65ARo — Hash minutes (@hashminutes) November 4, 2025 6 hours ago CZ Jokes About Buying the “Local Top” After New Astar Purchase By Fatima Binance founder Changpeng “CZ” Zhao joked on X that he may have once again bought the “local top” after revealing a new purchase of Aster. “Every time I buy coins, I get stuck in a losing position — 100% record,” he wrote, recalling similar moments in 2014 and 2017 when his Bitcoin and BNB buys were followed by sharp drops. CZ added he recently increased his Aster holdings but warned traders to “watch out for risks,” saying he won’t share future trades to avoid influencing the market. 我每次买币都被套，100%的记录。 2014年，均价$600买了BTC，一个月内跌倒$200，持续了18个月。2017年，买了BNB，也跌了20-30%，持续了几周。这次。。。还说不准呢。昨天又加了点仓。所以大家要注意风险啊。以后不再披露了。免得影响大家的行情。 https://t.co/jezvlAbXax — CZ BNB (@cz_binance) November 4, 2025 The post [LIVE] Crypto News Today, November 4 – Bitcoin Dips to $103K Amid Binance–Wintermute Rumors, While ZCASH (ZEC) And JELLYJELLY Fly: Next 100x Crypto? appeared first on 99Bitcoins.
Wintermute Denies Binance Lawsuit Plans Amid Market Maker Rumors
CryptoNews.comNov 04, 2025, 09:30 AM
Wintermute founder Evgeny Gaevoy has dismissed widespread speculation that his firm intends to sue Binance over losses from October’s historic crypto crash, stating “literally nothing changed” since his earlier clarifications and the company never had such plans. The clarification comes after days of social media speculation linking the market maker to potential litigation over auto-deleveraging executions during the October 10-11 flash crash that liquidated $19 billion in positions and briefly erased $600 billion from the crypto market cap. literally nothing changed since this tweet and we never had plans to sue binance, nor see any reason to do it in futureI should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont https://t.co/0oHShby0Uk— wishful_cynic (@EvgenyGaevoy) November 3, 2025 Gaevoy labeled the rumors as “larp” when directly asked whether he had signed a non-disclosure agreement with Binance or coordinated with other market makers to pursue joint legal action. Former Binance CEO Changpeng Zhao amplified the denial by quote-tweeting Gaevoy’s post, writing, “If someone made you believe otherwise, it’s time to click unfollow.“October Crash Stir ADL ControversyThe October 10 selloff was triggered by President Donald Trump’s announcement of 100% tariffs on Chinese imports, creating panic across global markets. Bitcoin plummeted to $104,782 during the 48-hour period, while Ethereum and major altcoins lost between 15% and 20% of their value. Binance’s trading infrastructure buckled under the strain, with API failures returning HTTP 503 errors and Reduce-Only orders being rejected during peak volatility.The exchange’s Auto-Deleveraging mechanism was activated, resulting in short liquidations at prices up to five times the prevailing market rates. Binance spent $188 million from its insurance fund and issued $283 million in refunds for oracle-related depegs, though ADL losses were excluded from compensation.Gaevoy had previously stated in a video that Wintermute was “ADL’d at completely ridiculous prices” and mentioned that the firm was evaluating legal options. These remarks fueled speculation about the lawsuit. Wintermute CEO @EvgenyGaevoy on how they got ADL’d on Binance and predicts lawsuits and challenges from trading firms. pic.twitter.com/d2hGXoOOHc— cryptotesters (@cryptotesters) October 20, 2025 On-chain analysis of Wintermute’s 10 tracked wallets across Ethereum, Arbitrum, and Solana revealed a 12% decline in the portfolio, dropping from $637 million to $572 million. No large withdrawals exceeding $10 million or liquidation patterns involving Aave or Compound were detected; however, a single 1,000 BTC inflow worth approximately $61 million occurred on October 4, just days before the crash.Market Structure Under ScrutinyThe October event exposed structural vulnerabilities in crypto derivatives markets, where notional liquidation figures vastly overstate actual capital losses. Speaking with Cryptonews, Sam Seo, chairman of the Kaia DLT Foundation, said the actual capital lost by traders is likely “in the range of 5% to 15% of the headline number,” translating to between $950 million and $2.85 billion in real losses. He warned that “the remaining 85-95% was simply phantom leverage, synthetic exposure that was rapidly unwound.“ Most people on Crypto Twitter freaked out over the $19B in liquidations. But real trader losses are far smaller than that, may be only 15% of the total figure.#CryptoCrash #Liquidations #BTChttps://t.co/d0IJDFeaNC— Cryptonews.com (@cryptonews) October 17, 2025 Bitcoin futures open interest collapsed by more than 30% during the selloff, erasing over $10 billion in notional positions in one of the largest single-day declines on record, comparable to the May 2021 liquidation and the FTX unwind in 2022.Patrick Heusser, head of lending and TradFi at Sentora, also explained that “liquidations [are] a speedometer for deleveraging intensity, not a profit and loss statement,” noting that exchanges settle these events using margin and insurance funds. Despite the chaos, Bitcoin recovered to $114,000 by October 13, supported by $420 million in spot ETF inflows that helped stabilize prices.‘Uptober’ Turns Red for First Time Since 2018According to Reuters, October marked Bitcoin’s first monthly loss since 2018, snapping a seven-year winning streak and ending nearly 5% lower for the month despite reaching an all-time high above $126,000 just days before the crash. The reversal came as broader risk appetite weakened, with Federal Reserve Chair Jerome Powell pushing back against market expectations for continued rate cuts and a government shutdown blocking crucial economic data. Analyst Scott Melker has earlier called Bitcoin’s resilience “a small miracle” after the liquidation, stating “I don’t think we’re entering a bear market” and noting “this isn’t 2017. Nor is it 2021. What happened last week was purely structural.“Bitcoin opened November trading at $106,961, down 0.7% as whale profit-taking and continued ETF outflows pressured prices below $107,000. For the first time in seven months, institutional demand has fallen below the pace of new coin issuance, indicating that large buyers are stepping back.Source: X/@caprioleioMarkets now price a roughly 70% chance of a 25-basis-point Fed rate cut in December, down from 94% a week earlier, as policymakers deliver mixed signals on growth and inflation.Analysts remain cautiously optimistic that November could restore typical seasonal strength, as Bitcoin has historically averaged returns exceeding 40% during the month.Speaking with Cryptonews, MEXC Research Chief Analyst Shawn Young noted that “accumulation of coins by major market participants, the trade agreement between Washington and Beijing, and moderately positive stock market performance are paving the way for a possible recovery in November.“VALR CEO Farzam Ehsani also warned that the market structure remains fragile, stating, “any change in the Fed’s tone or a new round of geopolitical tension could dramatically shift the balance of power,” keeping Bitcoin likely range-bound between $107,000 and $113,000 as participants await clearer macro signals.The post Wintermute Denies Binance Lawsuit Plans Amid Market Maker Rumors appeared first on Cryptonews.
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Wintermute founder Evgeny Gaevoy has dismissed widespread speculation that his firm intends to sue Binance over losses from October’s historic crypto crash, stating “literally nothing changed” since his earlier clarifications and the company never had such plans. The clarification comes after days of social media speculation linking the market maker to potential litigation over auto-deleveraging executions during the October 10-11 flash crash that liquidated $19 billion in positions and briefly erased $600 billion from the crypto market cap. literally nothing changed since this tweet and we never had plans to sue binance, nor see any reason to do it in futureI should probably ask to make a note of all the people spreading baseless rumors, but most of people believing these have goldfish memory capacity, so I wont https://t.co/0oHShby0Uk— wishful_cynic (@EvgenyGaevoy) November 3, 2025 Gaevoy labeled the rumors as “larp” when directly asked whether he had signed a non-disclosure agreement with Binance or coordinated with other market makers to pursue joint legal action. Former Binance CEO Changpeng Zhao amplified the denial by quote-tweeting Gaevoy’s post, writing, “If someone made you believe otherwise, it’s time to click unfollow.“October Crash Stir ADL ControversyThe October 10 selloff was triggered by President Donald Trump’s announcement of 100% tariffs on Chinese imports, creating panic across global markets. Bitcoin plummeted to $104,782 during the 48-hour period, while Ethereum and major altcoins lost between 15% and 20% of their value. Binance’s trading infrastructure buckled under the strain, with API failures returning HTTP 503 errors and Reduce-Only orders being rejected during peak volatility.The exchange’s Auto-Deleveraging mechanism was activated, resulting in short liquidations at prices up to five times the prevailing market rates. Binance spent $188 million from its insurance fund and issued $283 million in refunds for oracle-related depegs, though ADL losses were excluded from compensation.Gaevoy had previously stated in a video that Wintermute was “ADL’d at completely ridiculous prices” and mentioned that the firm was evaluating legal options. These remarks fueled speculation about the lawsuit. Wintermute CEO @EvgenyGaevoy on how they got ADL’d on Binance and predicts lawsuits and challenges from trading firms. pic.twitter.com/d2hGXoOOHc— cryptotesters (@cryptotesters) October 20, 2025 On-chain analysis of Wintermute’s 10 tracked wallets across Ethereum, Arbitrum, and Solana revealed a 12% decline in the portfolio, dropping from $637 million to $572 million. No large withdrawals exceeding $10 million or liquidation patterns involving Aave or Compound were detected; however, a single 1,000 BTC inflow worth approximately $61 million occurred on October 4, just days before the crash.Market Structure Under ScrutinyThe October event exposed structural vulnerabilities in crypto derivatives markets, where notional liquidation figures vastly overstate actual capital losses. Speaking with Cryptonews, Sam Seo, chairman of the Kaia DLT Foundation, said the actual capital lost by traders is likely “in the range of 5% to 15% of the headline number,” translating to between $950 million and $2.85 billion in real losses. He warned that “the remaining 85-95% was simply phantom leverage, synthetic exposure that was rapidly unwound.“ Most people on Crypto Twitter freaked out over the $19B in liquidations. But real trader losses are far smaller than that, may be only 15% of the total figure.#CryptoCrash #Liquidations #BTChttps://t.co/d0IJDFeaNC— Cryptonews.com (@cryptonews) October 17, 2025 Bitcoin futures open interest collapsed by more than 30% during the selloff, erasing over $10 billion in notional positions in one of the largest single-day declines on record, comparable to the May 2021 liquidation and the FTX unwind in 2022.Patrick Heusser, head of lending and TradFi at Sentora, also explained that “liquidations [are] a speedometer for deleveraging intensity, not a profit and loss statement,” noting that exchanges settle these events using margin and insurance funds. Despite the chaos, Bitcoin recovered to $114,000 by October 13, supported by $420 million in spot ETF inflows that helped stabilize prices.‘Uptober’ Turns Red for First Time Since 2018According to Reuters, October marked Bitcoin’s first monthly loss since 2018, snapping a seven-year winning streak and ending nearly 5% lower for the month despite reaching an all-time high above $126,000 just days before the crash. The reversal came as broader risk appetite weakened, with Federal Reserve Chair Jerome Powell pushing back against market expectations for continued rate cuts and a government shutdown blocking crucial economic data. Analyst Scott Melker has earlier called Bitcoin’s resilience “a small miracle” after the liquidation, stating “I don’t think we’re entering a bear market” and noting “this isn’t 2017. Nor is it 2021. What happened last week was purely structural.“Bitcoin opened November trading at $106,961, down 0.7% as whale profit-taking and continued ETF outflows pressured prices below $107,000. For the first time in seven months, institutional demand has fallen below the pace of new coin issuance, indicating that large buyers are stepping back.Source: X/@caprioleioMarkets now price a roughly 70% chance of a 25-basis-point Fed rate cut in December, down from 94% a week earlier, as policymakers deliver mixed signals on growth and inflation.Analysts remain cautiously optimistic that November could restore typical seasonal strength, as Bitcoin has historically averaged returns exceeding 40% during the month.Speaking with Cryptonews, MEXC Research Chief Analyst Shawn Young noted that “accumulation of coins by major market participants, the trade agreement between Washington and Beijing, and moderately positive stock market performance are paving the way for a possible recovery in November.“VALR CEO Farzam Ehsani also warned that the market structure remains fragile, stating, “any change in the Fed’s tone or a new round of geopolitical tension could dramatically shift the balance of power,” keeping Bitcoin likely range-bound between $107,000 and $113,000 as participants await clearer macro signals.The post Wintermute Denies Binance Lawsuit Plans Amid Market Maker Rumors appeared first on Cryptonews.
Wintermute founder denies Binance lawsuit rumors
Crypto.NewsNov 04, 2025, 07:24 AM
Wintermute founder Evgeny Gaevoy refutes claims that the market maker has plans to sue Binance after the losses incurred during the Oct. 11 market crash. In a recent post shared on Nov. 4, the platform’s chief executive officer and founder…
Wintermute boss denies plans to sue Binance over the Oct. 10 crash
BitRSSNov 04, 2025, 04:15 AM
Market maker Wintermute has shot down rumors suggesting it plans to sue Binance in relation to a flash crash last month, when Bitcoin fell 15.2% to below $103,000.
Wintermute boss denies plans to sue Binance over the Oct. 10 crash
CoinTelegraphNov 04, 2025, 03:59 AM
Market maker Wintermute has shot down rumors suggesting it plans to sue Binance in relation to a flash crash last month, when Bitcoin fell 15.2% to below $103,000.
Trump Denies Knowing Binance Crypto Uncle Changpeng Zhao – Top Signal?
99bitcoinsNov 04, 2025, 01:59 AM
Trump’s on-air denial of knowing Binance founder Changpeng Zhao “CZ” after pardoning him is stirring debate in Washington and across crypto markets. In a “60 Minutes” interview that aired on Sunday, President Donald Trump said he does not know Changpeng “CZ” Zhao, the Binance founder he pardoned last month. He defended the move as a response to what he called a Biden-era “witch hunt.” The exchange occurred during questioning by CBS’s Norah O’Donnell about potential conflicts associated with the Trump family’s expanding cryptocurrency business. “I don’t know who he is… I heard it was a Biden witch hunt,” Trump told O’Donnell, adding that his sons are involved in crypto but “they’re not in government.” Why Did Trump Pardon Binance Crypto Uncle Changpeng Zhao? The White House and World Liberty Financial (WLF), the Trump family’s crypto venture, say they had nothing to do with clemency for Changpeng Zhao. Zhao admitted to a Bank Secrecy Act violation in 2023, linked to Binance’s weak anti-money laundering controls. He received a four-month sentence in April 2024 and was released from prison that September. Binance later agreed to pay $4.3 billion and accept an outside compliance monitor. Trump granted Zhao a full pardon on Oct. 23, 2025. Earlier reporting from Reuters said a UAE-backed company planned to use WLF’s USD1 stablecoin in a $2 billion deal involving Binance. The report raised conflict-of-interest concerns because the Trump family has deep ties to WLF. Another Reuters report found that the Trumps could benefit from the interest generated by the stablecoin. DISCOVER: 10+ Next Crypto to 100X In 2025 Does Trump’s Statement Undercut His Case for Granting Clemency? Democratic lawmakers and ethics advocates blasted the pardon; House Financial Services Committee ranking member Maxine Waters called Zhao’s clemency “appalling,” citing Binance’s past compliance failures highlighted by US agencies. The White House has framed the move as part of ending a supposed “war on crypto.” For Binance, the moment shows that the 2023–24 settlement did not end US pressure. The company is still working with its compliance monitor and attempting to re-enter the American market with reduced legal risks. For Trump, his comments could make it harder to later claim that any pardon rested on his personal knowledge of Zhao’s efforts to fix past problems. As of publication, Bitcoin was trading around $106,927, showing a decline of 2.85% in the past 24 hours. Market Cap 24h 7d 30d 1y All Time On the other hand, BNB traded near $993.85, posing an -8.10% intraday decrease, reflecting a choppy session as traders parsed the interview and ongoing political headlines. Market Cap 24h 7d 30d 1y All Time What comes next depends on whether Congress or CBS, if pushed, releases the full version of the interview. It also depends on whether the White House publishes a written explanation of the pardon that matches Trump’s on-air statement. Markets will watch for signs that this dispute slows Binance’s plans to regain broader US access or complicates the administration’s pro-crypto plans. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The post Trump Denies Knowing Binance Crypto Uncle Changpeng Zhao – Top Signal? appeared first on 99Bitcoins.
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Trump’s on-air denial of knowing Binance founder Changpeng Zhao “CZ” after pardoning him is stirring debate in Washington and across crypto markets. In a “60 Minutes” interview that aired on Sunday, President Donald Trump said he does not know Changpeng “CZ” Zhao, the Binance founder he pardoned last month. He defended the move as a response to what he called a Biden-era “witch hunt.” The exchange occurred during questioning by CBS’s Norah O’Donnell about potential conflicts associated with the Trump family’s expanding cryptocurrency business. “I don’t know who he is… I heard it was a Biden witch hunt,” Trump told O’Donnell, adding that his sons are involved in crypto but “they’re not in government.” Why Did Trump Pardon Binance Crypto Uncle Changpeng Zhao? The White House and World Liberty Financial (WLF), the Trump family’s crypto venture, say they had nothing to do with clemency for Changpeng Zhao. Zhao admitted to a Bank Secrecy Act violation in 2023, linked to Binance’s weak anti-money laundering controls. He received a four-month sentence in April 2024 and was released from prison that September. Binance later agreed to pay $4.3 billion and accept an outside compliance monitor. Trump granted Zhao a full pardon on Oct. 23, 2025. Earlier reporting from Reuters said a UAE-backed company planned to use WLF’s USD1 stablecoin in a $2 billion deal involving Binance. The report raised conflict-of-interest concerns because the Trump family has deep ties to WLF. Another Reuters report found that the Trumps could benefit from the interest generated by the stablecoin. DISCOVER: 10+ Next Crypto to 100X In 2025 Does Trump’s Statement Undercut His Case for Granting Clemency? Democratic lawmakers and ethics advocates blasted the pardon; House Financial Services Committee ranking member Maxine Waters called Zhao’s clemency “appalling,” citing Binance’s past compliance failures highlighted by US agencies. The White House has framed the move as part of ending a supposed “war on crypto.” For Binance, the moment shows that the 2023–24 settlement did not end US pressure. The company is still working with its compliance monitor and attempting to re-enter the American market with reduced legal risks. For Trump, his comments could make it harder to later claim that any pardon rested on his personal knowledge of Zhao’s efforts to fix past problems. As of publication, Bitcoin was trading around $106,927, showing a decline of 2.85% in the past 24 hours. Market Cap 24h 7d 30d 1y All Time On the other hand, BNB traded near $993.85, posing an -8.10% intraday decrease, reflecting a choppy session as traders parsed the interview and ongoing political headlines. Market Cap 24h 7d 30d 1y All Time What comes next depends on whether Congress or CBS, if pushed, releases the full version of the interview. It also depends on whether the White House publishes a written explanation of the pardon that matches Trump’s on-air statement. Markets will watch for signs that this dispute slows Binance’s plans to regain broader US access or complicates the administration’s pro-crypto plans. DISCOVER: Best New Cryptocurrencies to Invest in 2025 The post Trump Denies Knowing Binance Crypto Uncle Changpeng Zhao – Top Signal? appeared first on 99Bitcoins.
Ripple Prime Launches Spot Crypto Trading for Institutions
99bitcoinsNov 04, 2025, 12:38 AM
Clients using Ripple Prime can now dive into spot trading with a wide selection of cryptocurrencies. This shift marks a new chapter for Ripple’s institutional offering, which previously focused on over-the-counter services and derivatives. Now, Ripple Prime is stepping out from the background and into the main arena of live crypto markets. From Contracts to Coins What makes this update significant is that institutions no longer need to rely on contracts or swaps to gain exposure to crypto. They can now buy and sell the actual coins themselves. Before this move, most prime brokers catered to derivatives and structured products. Brian Quintenz is the right person for the complex derivatives markets the CFTC oversees. For crypto, he is uniquely positioned to deliver on a new area of agency responsibility. I’m proud to have worked with him on issues and to call him a friend. It’s time to confirm BQ. https://t.co/umqOorK4tm — Greg Xethalis (@xethalis) August 20, 2025 Ripple Prime offers spot access, meaning fewer middle steps and more direct ownership. That’s a big deal for institutions that have been cautious about diving into crypto due to unclear systems or security gaps. A Big Buyout with Bigger Plans This evolution stems from Ripple’s acquisition of Hidden Road, a move that cost $1.25 billion. Hidden Road wasn’t small either. It was already generating approximately $3 trillion per year for institutional clients, with services spanning from forex to futures. Now that Ripple has integrated it under the Ripple Prime brand, it’s rolling out a broader toolkit. Spot trading is the latest piece of that puzzle, giving clients a one-stop solution for both crypto and traditional assets. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in November2025 Eyes on Wall Street This new access point could attract hedge funds, trading desks and large institutions that have been circling crypto without diving in. Some may have held back due to poor infrastructure or unreliable trade execution. If Ripple Prime can prove it handles both traditional and crypto markets with the same consistency, it might start pulling in serious volume. That kind of momentum could push other platforms to step up or risk falling behind. What to Watch Going Forward There are still some details that need close attention. Custody and settlement processes will be critical, especially for institutions that demand clean and secure operations. Traders will also want to know which assets are supported and how competitive Ripple Prime’s pricing will be. Market Cap 24h 7d 30d 1y All Time Speed and reliability will make or break the rollout. And as always, regulation looms in the background. Any movement from lawmakers could affect how this service scales. Bridging Two Financial Worlds This launch points to something larger. The wall separating crypto and traditional finance is getting lower. When a single platform can offer both spot crypto trading and prime brokerage services, the transition into digital assets becomes less complicated for institutions. That could bring more capital into the market, drive deeper liquidity, and slowly push crypto toward greater maturity. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The Bigger Picture By letting its clients trade spot crypto directly, Ripple Prime is pushing the space forward. It shows how far crypto infrastructure has come and hints that big players no longer want to be locked into only derivatives. This change could reshape expectations across the industry and influence how other financial institutions approach crypto access in the future. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ripple Prime has expanded beyond over-the-counter and derivatives trading, now offering direct spot crypto trading for institutional clients. Institutions can buy and sell actual cryptocurrencies through Ripple Prime, eliminating the need for swaps or synthetic exposure. The move follows Ripple’s $1.25 billion acquisition of Hidden Road, a major clearing firm handling $3 trillion annually across multiple asset classes. This expansion could attract hedge funds and large institutions seeking reliable, regulated access to both crypto and traditional markets under one roof. Ripple Prime’s success will depend on strong custody systems, transparent pricing, and regulatory clarity as it bridges crypto with Wall Street. The post Ripple Prime Launches Spot Crypto Trading for Institutions appeared first on 99Bitcoins.
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Clients using Ripple Prime can now dive into spot trading with a wide selection of cryptocurrencies. This shift marks a new chapter for Ripple’s institutional offering, which previously focused on over-the-counter services and derivatives. Now, Ripple Prime is stepping out from the background and into the main arena of live crypto markets. From Contracts to Coins What makes this update significant is that institutions no longer need to rely on contracts or swaps to gain exposure to crypto. They can now buy and sell the actual coins themselves. Before this move, most prime brokers catered to derivatives and structured products. Brian Quintenz is the right person for the complex derivatives markets the CFTC oversees. For crypto, he is uniquely positioned to deliver on a new area of agency responsibility. I’m proud to have worked with him on issues and to call him a friend. It’s time to confirm BQ. https://t.co/umqOorK4tm — Greg Xethalis (@xethalis) August 20, 2025 Ripple Prime offers spot access, meaning fewer middle steps and more direct ownership. That’s a big deal for institutions that have been cautious about diving into crypto due to unclear systems or security gaps. A Big Buyout with Bigger Plans This evolution stems from Ripple’s acquisition of Hidden Road, a move that cost $1.25 billion. Hidden Road wasn’t small either. It was already generating approximately $3 trillion per year for institutional clients, with services spanning from forex to futures. Now that Ripple has integrated it under the Ripple Prime brand, it’s rolling out a broader toolkit. Spot trading is the latest piece of that puzzle, giving clients a one-stop solution for both crypto and traditional assets. DISCOVER: 9+ Best High-Risk, High-Reward Crypto to Buy in November2025 Eyes on Wall Street This new access point could attract hedge funds, trading desks and large institutions that have been circling crypto without diving in. Some may have held back due to poor infrastructure or unreliable trade execution. If Ripple Prime can prove it handles both traditional and crypto markets with the same consistency, it might start pulling in serious volume. That kind of momentum could push other platforms to step up or risk falling behind. What to Watch Going Forward There are still some details that need close attention. Custody and settlement processes will be critical, especially for institutions that demand clean and secure operations. Traders will also want to know which assets are supported and how competitive Ripple Prime’s pricing will be. Market Cap 24h 7d 30d 1y All Time Speed and reliability will make or break the rollout. And as always, regulation looms in the background. Any movement from lawmakers could affect how this service scales. Bridging Two Financial Worlds This launch points to something larger. The wall separating crypto and traditional finance is getting lower. When a single platform can offer both spot crypto trading and prime brokerage services, the transition into digital assets becomes less complicated for institutions. That could bring more capital into the market, drive deeper liquidity, and slowly push crypto toward greater maturity. DISCOVER: Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025 The Bigger Picture By letting its clients trade spot crypto directly, Ripple Prime is pushing the space forward. It shows how far crypto infrastructure has come and hints that big players no longer want to be locked into only derivatives. This change could reshape expectations across the industry and influence how other financial institutions approach crypto access in the future. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Ripple Prime has expanded beyond over-the-counter and derivatives trading, now offering direct spot crypto trading for institutional clients. Institutions can buy and sell actual cryptocurrencies through Ripple Prime, eliminating the need for swaps or synthetic exposure. The move follows Ripple’s $1.25 billion acquisition of Hidden Road, a major clearing firm handling $3 trillion annually across multiple asset classes. This expansion could attract hedge funds and large institutions seeking reliable, regulated access to both crypto and traditional markets under one roof. Ripple Prime’s success will depend on strong custody systems, transparent pricing, and regulatory clarity as it bridges crypto with Wall Street. The post Ripple Prime Launches Spot Crypto Trading for Institutions appeared first on 99Bitcoins.
France Targets Bitcoin and Crypto with New “Unproductive Wealth” Tax
BitRSSNov 03, 2025, 10:30 PM
French lawmakers have approved a controversial plan to tax cryptocurrency holdings as "unproductive wealth," grouping digital assets alongside luxury items like yachts and expensive art.
Balancer Hack: $70M Lost in Record Ethereum DeFi Breach
99bitcoinsNov 03, 2025, 03:30 PM
One of Ethereum’s leading DeFi protocols, Balancer, which also functions as an established automated market maker (AMM) on the network, suffered a significant exploit today (November 3), resulting in losses exceeding $70M. On-chain data shows that multiple Balancer liquidity pools were drained in rapid succession, with the stolen tokens quickly transferred to a newly created wallet controlled by the attacker. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 What we Know About the Balancer Hack So Far The attack targeted Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that manipulated Vault calls during pool initialization. Improper authorization and callback handling allowed the attacker to bypass safeguards. This enabled unauthorized swaps or balance manipulations across interconnected pools, resulting in the rapid depletion of assets. The exploiter initiated a series of transactions starting with a key Ethereum mainnet transaction (0xd155207261712c35fa3d472ed1e51bfcd816e616dd4f517fa5959836f5b48569), which funneled assets to a new wallet under their control. Funds were then consolidated, likely for laundering via mixers or bridges. Balancer’s composable design, where pools interact heavily, amplified the flaw. Similar issues have plagued AMMs before, often tied to how they handle deflationary tokens or pool rebalancing. Full forensic details are still emerging, with auditors like PeckShield and Nansen involved. There is no evidence of a private key compromise; this was a pure smart contract exploit. The swift execution of the transfers suggests the attacker had a deep understanding of Balancer’s smart contracts, potentially exploiting a flaw in how the platform handles swaps or manages pool balances. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Balancer Reacts, Community on Edge At the time of writing, Balancer has posted just one update, confirming the hack and assuring the community an investigation is underway. The DeFi protocols post on X reads: “We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information.” The lack of communication has fueled uncertainty within the DeFi community, as users scramble to understand the scope and cause of the breach. Blockchain analysts have advised traders to refrain from interacting with Balancer pools until further information is released, warning that additional vulnerabilities may still be present. Market Cap 24h 7d 30d 1y All Time Meanwhile, Balancer’s native token, BAL, has declined by over 15% in the past 24 hours, due to both shaky market conditions and investor unease with the latest eight-figure exploit. Worryingly, this is not Balancer’s first encounter with hackers. In fact, the platform has now suffered three major security incidents in five years, an unsettling record for one of DeFi’s longest-running protocols. In 2020, attackers exploited Balancer’s handling of deflationary tokens, draining roughly $500,000. Then, in 2023, another vulnerability in its “boosted pools” led to $900,000 in losses despite prior security warnings. The latest $70M attack dwarfs those previous incidents, making it Balancer’s most severe exploit to date and one of the largest DeFi hacks of 2025. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Update to the Balancer Hack: More Funds Drained Across Multiple Networks Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 Multiple blockchain analysts have released an update on the Balancer breach within the last hour. As of now, over $128 million has been drained by the hacker across multiple chains to which the Balancer protocol is forked. Over $99M has now been stolen from Ethereum, while $12.8M has been drained from Berachain, $6.8M from Arbitrum, $3.9M from Base, $3.4M from Sonic, $1.58M from Optimism, and $232K from Polygon. The hack on the smaller chains represents a significant percentage of the network’s TVL (Total Value Locked). For example, per DefiLlama data, Sonic has just $150M in TVL and has been drained for $3.4M, approximately 2% of the total value locked on the network. It is concerning from an optics point of view that the attack appears to be still ongoing, with more funds being lost even now, and no update from the Balancer team since 10:00 UTC. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Balancer Hack: $70M Lost in Record Ethereum DeFi Breach appeared first on 99Bitcoins.
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One of Ethereum’s leading DeFi protocols, Balancer, which also functions as an established automated market maker (AMM) on the network, suffered a significant exploit today (November 3), resulting in losses exceeding $70M. On-chain data shows that multiple Balancer liquidity pools were drained in rapid succession, with the stolen tokens quickly transferred to a newly created wallet controlled by the attacker. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 What we Know About the Balancer Hack So Far The attack targeted Balancer’s V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that manipulated Vault calls during pool initialization. Improper authorization and callback handling allowed the attacker to bypass safeguards. This enabled unauthorized swaps or balance manipulations across interconnected pools, resulting in the rapid depletion of assets. The exploiter initiated a series of transactions starting with a key Ethereum mainnet transaction (0xd155207261712c35fa3d472ed1e51bfcd816e616dd4f517fa5959836f5b48569), which funneled assets to a new wallet under their control. Funds were then consolidated, likely for laundering via mixers or bridges. Balancer’s composable design, where pools interact heavily, amplified the flaw. Similar issues have plagued AMMs before, often tied to how they handle deflationary tokens or pool rebalancing. Full forensic details are still emerging, with auditors like PeckShield and Nansen involved. There is no evidence of a private key compromise; this was a pure smart contract exploit. The swift execution of the transfers suggests the attacker had a deep understanding of Balancer’s smart contracts, potentially exploiting a flaw in how the platform handles swaps or manages pool balances. DISCOVER: The 12+ Hottest Crypto Presales to Buy Right Now Balancer Reacts, Community on Edge At the time of writing, Balancer has posted just one update, confirming the hack and assuring the community an investigation is underway. The DeFi protocols post on X reads: “We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information.” The lack of communication has fueled uncertainty within the DeFi community, as users scramble to understand the scope and cause of the breach. Blockchain analysts have advised traders to refrain from interacting with Balancer pools until further information is released, warning that additional vulnerabilities may still be present. Market Cap 24h 7d 30d 1y All Time Meanwhile, Balancer’s native token, BAL, has declined by over 15% in the past 24 hours, due to both shaky market conditions and investor unease with the latest eight-figure exploit. Worryingly, this is not Balancer’s first encounter with hackers. In fact, the platform has now suffered three major security incidents in five years, an unsettling record for one of DeFi’s longest-running protocols. In 2020, attackers exploited Balancer’s handling of deflationary tokens, draining roughly $500,000. Then, in 2023, another vulnerability in its “boosted pools” led to $900,000 in losses despite prior security warnings. The latest $70M attack dwarfs those previous incidents, making it Balancer’s most severe exploit to date and one of the largest DeFi hacks of 2025. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 Update to the Balancer Hack: More Funds Drained Across Multiple Networks Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 Multiple blockchain analysts have released an update on the Balancer breach within the last hour. As of now, over $128 million has been drained by the hacker across multiple chains to which the Balancer protocol is forked. Over $99M has now been stolen from Ethereum, while $12.8M has been drained from Berachain, $6.8M from Arbitrum, $3.9M from Base, $3.4M from Sonic, $1.58M from Optimism, and $232K from Polygon. The hack on the smaller chains represents a significant percentage of the network’s TVL (Total Value Locked). For example, per DefiLlama data, Sonic has just $150M in TVL and has been drained for $3.4M, approximately 2% of the total value locked on the network. It is concerning from an optics point of view that the attack appears to be still ongoing, with more funds being lost even now, and no update from the Balancer team since 10:00 UTC. EXPLORE: Best Meme Coin ICOs to Invest in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates The post Balancer Hack: $70M Lost in Record Ethereum DeFi Breach appeared first on 99Bitcoins.
Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down?
99bitcoinsNov 03, 2025, 01:05 PM
Unfortunately, crypto hacks happen all the time. Every time funds are stolen from a top-tier dApp, it becomes a huge morale dent for users and developers. The Bybit hack garnered negative press but subsided quickly when the exchange assured the community that it would continue processing transactions regardless of the $1.3 billion loss. Today, however, is yet another sad day for Balancer and DeFi. Earlier today, Balancer, one of the OG DeFi protocols, was hit (again), and the results are bad, not for the dapp but for the entire DeFi scene and Ethereum layer-2s. Before today, Balancer managed over $775 million, but the protocol is quickly bleeding. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 DISCOVER: Best New Cryptocurrencies to Invest in 2025 Balancer Hack: Over $120M And Rising Lost To understand what’s going on, we must first know what Balancer does. For beginners, Balancer is a decentralized automated market maker (AMM) protocol on Ethereum. From the dapp, developers on other Ethereum-compatible chains can also build programmable liquidity solutions. That you can fork Balancer V2’s code is a bonus. If you don’t have liquidity, you can supply assets and allow users to trade them while earning a yield from any custom liquidity pool straight from Balancer. But here’s the problem: Balancer only relied on a single core contract to manage all vaults. The design was intended to boost gas efficiency, but this became the single largest flaw, now affecting not only Balancer but also all other deployments that relied on its code. Here's everything you need to know about the Balancer Hack: 1. The attack targeted Balancer's V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that… pic.twitter.com/udAM4hB0OD — Adi (@AdiFlips) November 3, 2025 The hacker targeted the “manageUserBalance” function, effectively taking over vault withdrawals while bypassing sender validation. So far, over $128 million have been drained from vaults across multiple chains, including Berachain. Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 The loss will likely grow because after the hacker drained Balancer pools on Ethereum, the layer-1, the next targets were bridged equivalents on layer-2s, that is, wrapped tokens. What this is creating is a “domino effect” where a protocol using Balancer v2 code, especially if it’s a layer-2, has to pause operations until the flaw has been fixed. Balancer v2 (+forks) exploited for over $100M+TLDR: Balancer v2 and it's forks are affected:• ETH → balancer → 70m• Arbitrum → balancer → 6m• Base → balancer → 4m• @SonicLabs → beets → 3.4m• OP → beets → 283k• Polygon → balancer → 117k Exploiter is… pic.twitter.com/yTTtrS5L3S — Blub (@DeFi_Blub) November 3, 2025 DISCOVER: 9+ Best Memecoin to Buy in 2025 Berachain Halts Chain Out of caution, Berachain, which is supposed to mirror the Ethereum mainnet and run 24/7, has been paused. In a post on X, the team said its validators have “coordinated” purposefully to halt the platform as they scramble to perform an emergency hard fork in order to address the Balancer hack. The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. This halt has been executed purposefully, and the network will be operational shortly upon… — Berachain Foundation (@berachain) November 3, 2025 They are also aware that some may not be happy, but their primary objective is to protect over $12M of user funds. Beefy, a yield optimizer, has also paused all products linked to Balancer. Balancer V2 Exploit: All Beefy Balancer V2 products are paused. Our team is monitoring the situation closely. We will cooperate to ensure all losses are properly captured, and that Beefy users participate fully in any recovery. Our full support to the @Balancer team. pic.twitter.com/eC2JCkldRz — Beefy (@beefyfinance) November 3, 2025 They also promise to cooperate and ensure that all losses are properly accounted for. The question now is: Will other protocols, most of them being DEXes, follow suit? On Beets DEX, there are over $6.6M in total value locked (TVL), for instance, and this is just one of the over 20 platforms that have forked Balancer V2’s code. (Source: DeFiLlama) DISCOVER: 10+ Next Crypto to 100X In 2025 Balancer Hack Over $128M Lost, Berachain Halts Balancer is an DeFi OG Protocol managed over $700M before hack Over $128M withdrawn after smart contract exploit Berachain validators take caution, pause chain The post Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down? appeared first on 99Bitcoins.
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Unfortunately, crypto hacks happen all the time. Every time funds are stolen from a top-tier dApp, it becomes a huge morale dent for users and developers. The Bybit hack garnered negative press but subsided quickly when the exchange assured the community that it would continue processing transactions regardless of the $1.3 billion loss. Today, however, is yet another sad day for Balancer and DeFi. Earlier today, Balancer, one of the OG DeFi protocols, was hit (again), and the results are bad, not for the dapp but for the entire DeFi scene and Ethereum layer-2s. Before today, Balancer managed over $775 million, but the protocol is quickly bleeding. We’re aware of a potential exploit impacting Balancer v2 pools. Our engineering and security teams are investigating with high priority. We’ll share verified updates and next steps as soon as we have more information. — Balancer (@Balancer) November 3, 2025 DISCOVER: Best New Cryptocurrencies to Invest in 2025 Balancer Hack: Over $120M And Rising Lost To understand what’s going on, we must first know what Balancer does. For beginners, Balancer is a decentralized automated market maker (AMM) protocol on Ethereum. From the dapp, developers on other Ethereum-compatible chains can also build programmable liquidity solutions. That you can fork Balancer V2’s code is a bonus. If you don’t have liquidity, you can supply assets and allow users to trade them while earning a yield from any custom liquidity pool straight from Balancer. But here’s the problem: Balancer only relied on a single core contract to manage all vaults. The design was intended to boost gas efficiency, but this became the single largest flaw, now affecting not only Balancer but also all other deployments that relied on its code. Here's everything you need to know about the Balancer Hack: 1. The attack targeted Balancer's V2 vaults and liquidity pools, exploiting a vulnerability in smart contract interactions. Preliminary analysis from on-chain investigators points to a maliciously deployed contract that… pic.twitter.com/udAM4hB0OD — Adi (@AdiFlips) November 3, 2025 The hacker targeted the “manageUserBalance” function, effectively taking over vault withdrawals while bypassing sender validation. So far, over $128 million have been drained from vaults across multiple chains, including Berachain. Update: @Balancer and its forks are under attack, with total losses across multiple chains reaching ~$128.64M so far. https://t.co/67XGX5RcRR pic.twitter.com/FIwx20ALSz — PeckShieldAlert (@PeckShieldAlert) November 3, 2025 The loss will likely grow because after the hacker drained Balancer pools on Ethereum, the layer-1, the next targets were bridged equivalents on layer-2s, that is, wrapped tokens. What this is creating is a “domino effect” where a protocol using Balancer v2 code, especially if it’s a layer-2, has to pause operations until the flaw has been fixed. Balancer v2 (+forks) exploited for over $100M+TLDR: Balancer v2 and it's forks are affected:• ETH → balancer → 70m• Arbitrum → balancer → 6m• Base → balancer → 4m• @SonicLabs → beets → 3.4m• OP → beets → 283k• Polygon → balancer → 117k Exploiter is… pic.twitter.com/yTTtrS5L3S — Blub (@DeFi_Blub) November 3, 2025 DISCOVER: 9+ Best Memecoin to Buy in 2025 Berachain Halts Chain Out of caution, Berachain, which is supposed to mirror the Ethereum mainnet and run 24/7, has been paused. In a post on X, the team said its validators have “coordinated” purposefully to halt the platform as they scramble to perform an emergency hard fork in order to address the Balancer hack. The Berachain validators have coordinated to purposefully halt the Berachain network as the core team performs an emergency hard fork to address Balancer V2 related exploits on the BEX. This halt has been executed purposefully, and the network will be operational shortly upon… — Berachain Foundation (@berachain) November 3, 2025 They are also aware that some may not be happy, but their primary objective is to protect over $12M of user funds. Beefy, a yield optimizer, has also paused all products linked to Balancer. Balancer V2 Exploit: All Beefy Balancer V2 products are paused. Our team is monitoring the situation closely. We will cooperate to ensure all losses are properly captured, and that Beefy users participate fully in any recovery. Our full support to the @Balancer team. pic.twitter.com/eC2JCkldRz — Beefy (@beefyfinance) November 3, 2025 They also promise to cooperate and ensure that all losses are properly accounted for. The question now is: Will other protocols, most of them being DEXes, follow suit? On Beets DEX, there are over $6.6M in total value locked (TVL), for instance, and this is just one of the over 20 platforms that have forked Balancer V2’s code. (Source: DeFiLlama) DISCOVER: 10+ Next Crypto to 100X In 2025 Balancer Hack Over $128M Lost, Berachain Halts Balancer is an DeFi OG Protocol managed over $700M before hack Over $128M withdrawn after smart contract exploit Berachain validators take caution, pause chain The post Balancer Hacked AGAIN, Over $128M Stolen: Will Ethereum Layer-2s Shut Down? appeared first on 99Bitcoins.
Bitcoin Price Analysis: Bearish Signs Emerge as BTC Breaks Below Crucial Support
CryptoPotatoNov 03, 2025, 12:04 PM
Bitcoin is on the verge of breaking below its crucial wedge pattern, likely indicating a bearish sentiment in the market. Nevertheless, the price is recharging within equilibrium, awaiting either institutional absorption or a deeper liquidity sweep before the next major expansion. Technical Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin has decisively broken below the 200-day MA of $109K, indicating a notable bearish sign. The market has repeatedly rebounded from the $103K–$108K demand zone, suggesting that buyers are still active at these levels. Yet, the series of lower highs below $116K indicates ongoing pressure from the supply zone, keeping the price locked in an equilibrium range between $105K and $116K. This structure resembles a mid-range accumulation pattern, where liquidity is continuously recycled between buyers and sellers before a larger directional expansion. A decisive daily close back above the 200-day MA would mark a bear trap and false breakout, leading to a bullish structural shift toward $116K supply zone, while a breakdown below the $106K support could trigger a retest of the $102K–$100K institutional demand block. The 4-Hour Chart The 4-hour chart highlights the current ascending wedge formation, with BTC retesting the lower trendline near the $106K support zone. This area aligns with the bottom of the larger daily equilibrium range, making it a critical region to monitor for a potential rebound. A successful defense of this zone would likely set the stage for another retest of the $114K–$116K resistance, while failure to hold could result in a sharper move toward the $102K demand region. Volume and liquidity metrics suggest that buyers remain cautious, waiting for clear confirmation before re-engaging aggressively. On-Chain Analysis The latest Exchange Reserve data reveals a crucial divergence between global and localized exchange trends. While total Bitcoin reserves across all major exchanges have continued to decline, signaling long-term accumulation and reduced selling pressure, Binance’s exchange reserves have notably increased in recent weeks. This discrepancy implies that while the broader market participants are moving coins into self-custody (a bullish long-term signal), short-term liquidity is building up on Binance, potentially representing increased trading activity or hedging by institutional participants. Historically, such inflows to a dominant exchange during consolidation phases often precede heightened volatility, as market makers position for the next major move. If this rising Binance reserve trend continues while total exchange reserves drop, it may point toward a pre-distribution or rebalancing phase before another accumulation-driven rally begins. The post Bitcoin Price Analysis: Bearish Signs Emerge as BTC Breaks Below Crucial Support appeared first on CryptoPotato.
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Bitcoin is on the verge of breaking below its crucial wedge pattern, likely indicating a bearish sentiment in the market. Nevertheless, the price is recharging within equilibrium, awaiting either institutional absorption or a deeper liquidity sweep before the next major expansion. Technical Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin has decisively broken below the 200-day MA of $109K, indicating a notable bearish sign. The market has repeatedly rebounded from the $103K–$108K demand zone, suggesting that buyers are still active at these levels. Yet, the series of lower highs below $116K indicates ongoing pressure from the supply zone, keeping the price locked in an equilibrium range between $105K and $116K. This structure resembles a mid-range accumulation pattern, where liquidity is continuously recycled between buyers and sellers before a larger directional expansion. A decisive daily close back above the 200-day MA would mark a bear trap and false breakout, leading to a bullish structural shift toward $116K supply zone, while a breakdown below the $106K support could trigger a retest of the $102K–$100K institutional demand block. The 4-Hour Chart The 4-hour chart highlights the current ascending wedge formation, with BTC retesting the lower trendline near the $106K support zone. This area aligns with the bottom of the larger daily equilibrium range, making it a critical region to monitor for a potential rebound. A successful defense of this zone would likely set the stage for another retest of the $114K–$116K resistance, while failure to hold could result in a sharper move toward the $102K demand region. Volume and liquidity metrics suggest that buyers remain cautious, waiting for clear confirmation before re-engaging aggressively. On-Chain Analysis The latest Exchange Reserve data reveals a crucial divergence between global and localized exchange trends. While total Bitcoin reserves across all major exchanges have continued to decline, signaling long-term accumulation and reduced selling pressure, Binance’s exchange reserves have notably increased in recent weeks. This discrepancy implies that while the broader market participants are moving coins into self-custody (a bullish long-term signal), short-term liquidity is building up on Binance, potentially representing increased trading activity or hedging by institutional participants. Historically, such inflows to a dominant exchange during consolidation phases often precede heightened volatility, as market makers position for the next major move. If this rising Binance reserve trend continues while total exchange reserves drop, it may point toward a pre-distribution or rebalancing phase before another accumulation-driven rally begins. The post Bitcoin Price Analysis: Bearish Signs Emerge as BTC Breaks Below Crucial Support appeared first on CryptoPotato.
When Will MEXC Reopen Futures API: MEXC Community Slam ‘Temporary’ 3 Year Pause
99bitcoinsNov 03, 2025, 11:39 AM
As a retail trader manually placing or cancelling positions, you may have the opportunity to use 500X leverage trading Bitcoin, Ethereum, and other coins on MEXC. Not only that, but on some pairs, you can trade with zero fees. Trading without fees is precisely what every scalper needs. Nil fees translate to more profits. If you 500X and get in just on time when MEXC lists that 1000X Pump.fun token, there is another chance of retiring earlier. Coupled with its extensive list of supported tokens and attractive offers, MEXC has evolved into a top 10 crypto exchange, sometimes generating more trading volume than Binance and even significantly more volume than any of the top 5 crypto exchanges domiciled in the European Union or the United States. (Source: Coingecko) DISCOVER: Best New Cryptocurrencies to Invest in 2025 When Will MEXC Enable Crypto Futures APIs? This is super, right? Well, it sounds so until it doesn’t. If you don’t care about bots, or precisely, auto trading, trading on MEXC is ideal. However, for developers who wish to automate their trading activity, MEXC is turning out to be the worst place to trade from. More than three years ago, on July 25, 2022, MEXC disabled its crypto futures APIs. On their update logs, MEXC said it was temporary and developers have to, instead, use “query endpoints” without trading functions until the futures API comes back online. The problem is that hours turned into days, weeks, months, and now, three years later, Redditors want MEXC to clarify whether they will activate crypto futures APIs or if the feature is no longer available. Without a functional API from a mega exchange, developers can’t feed their bots with real-time data access needed for algos to analyze trends or execute trades instantly. What’s more? Without APIs, it is impossible to automatically track balances, margins, and positions. Venting on Reddit seemed to be the last resort because it appears that MEXC has been ignoring this complaint for years. Some claim that MEXC’s disabling of crypto futures APIs is deliberate and a control tactic, as they don’t want external market makers to compete with their own. If there is competition, critics allege it would be impossible for the exchange to trade against its clients. Without any roadmap for restoration or response from support, traders and developers have nothing more than speculation about where the problem could be. DISCOVER: 10+ Next Crypto to 100X In 2025 The White Whale Controversy The demand from traders for the immediate restoration of API trading functions is when MEXC recently closed a protracted back-and-forth with yet another popular trader. The crypto futures trader, White Whale, went public in August after MEXC froze his $3.1M account. MEXC claimed that White Whale violated their terms of service (TOS) after using bots to trade. When they first froze his account in July 2025, MEXC noted two orders placed in the same second and immediately flagged them as “auto trading” via API. This trading pattern, the exchange emphasized, was in breach of their TOS. However, the trader fought back, saying he didn’t use any bot and he was willing to prove his claim. After weeks of mixed responses from MEXC, including demand for an in-person meeting, ZachXBT, the onchain sleuth, investigated White Whale’s claims. That was in late October. By the end of last month, MEXC was forced to release White Whale’s funds. This, however, didn’t prevent users from withdrawing their funds from the exchange, fearing they could be next should they be profitable. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 When Will MEXC Reopen Futures API MEXC is a top 10 crypto exchange Exchange disabled crypto futures APIs in July 2022 Will MEXC enable crypto futures API for bot trading in 2025? MEXC was also embroiled in yet another storm after freezing a trader’s funds The post When Will MEXC Reopen Futures API: MEXC Community Slam ‘Temporary’ 3 Year Pause appeared first on 99Bitcoins.
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As a retail trader manually placing or cancelling positions, you may have the opportunity to use 500X leverage trading Bitcoin, Ethereum, and other coins on MEXC. Not only that, but on some pairs, you can trade with zero fees. Trading without fees is precisely what every scalper needs. Nil fees translate to more profits. If you 500X and get in just on time when MEXC lists that 1000X Pump.fun token, there is another chance of retiring earlier. Coupled with its extensive list of supported tokens and attractive offers, MEXC has evolved into a top 10 crypto exchange, sometimes generating more trading volume than Binance and even significantly more volume than any of the top 5 crypto exchanges domiciled in the European Union or the United States. (Source: Coingecko) DISCOVER: Best New Cryptocurrencies to Invest in 2025 When Will MEXC Enable Crypto Futures APIs? This is super, right? Well, it sounds so until it doesn’t. If you don’t care about bots, or precisely, auto trading, trading on MEXC is ideal. However, for developers who wish to automate their trading activity, MEXC is turning out to be the worst place to trade from. More than three years ago, on July 25, 2022, MEXC disabled its crypto futures APIs. On their update logs, MEXC said it was temporary and developers have to, instead, use “query endpoints” without trading functions until the futures API comes back online. The problem is that hours turned into days, weeks, months, and now, three years later, Redditors want MEXC to clarify whether they will activate crypto futures APIs or if the feature is no longer available. Without a functional API from a mega exchange, developers can’t feed their bots with real-time data access needed for algos to analyze trends or execute trades instantly. What’s more? Without APIs, it is impossible to automatically track balances, margins, and positions. Venting on Reddit seemed to be the last resort because it appears that MEXC has been ignoring this complaint for years. Some claim that MEXC’s disabling of crypto futures APIs is deliberate and a control tactic, as they don’t want external market makers to compete with their own. If there is competition, critics allege it would be impossible for the exchange to trade against its clients. Without any roadmap for restoration or response from support, traders and developers have nothing more than speculation about where the problem could be. DISCOVER: 10+ Next Crypto to 100X In 2025 The White Whale Controversy The demand from traders for the immediate restoration of API trading functions is when MEXC recently closed a protracted back-and-forth with yet another popular trader. The crypto futures trader, White Whale, went public in August after MEXC froze his $3.1M account. MEXC claimed that White Whale violated their terms of service (TOS) after using bots to trade. When they first froze his account in July 2025, MEXC noted two orders placed in the same second and immediately flagged them as “auto trading” via API. This trading pattern, the exchange emphasized, was in breach of their TOS. However, the trader fought back, saying he didn’t use any bot and he was willing to prove his claim. After weeks of mixed responses from MEXC, including demand for an in-person meeting, ZachXBT, the onchain sleuth, investigated White Whale’s claims. That was in late October. By the end of last month, MEXC was forced to release White Whale’s funds. This, however, didn’t prevent users from withdrawing their funds from the exchange, fearing they could be next should they be profitable. DISCOVER: 15+ Upcoming Coinbase Listings to Watch in 2025 When Will MEXC Reopen Futures API MEXC is a top 10 crypto exchange Exchange disabled crypto futures APIs in July 2022 Will MEXC enable crypto futures API for bot trading in 2025? MEXC was also embroiled in yet another storm after freezing a trader’s funds The post When Will MEXC Reopen Futures API: MEXC Community Slam ‘Temporary’ 3 Year Pause appeared first on 99Bitcoins.
AERO Soars 10% as Animoca Market Buys Aerodrome's Native Token
The DefiantOct 29, 2025, 07:31 PM
Animoca Brands, one of Asia's top web3 game development and investment firms, has acquired an undisclosed amount of Base-based decentralized exchange (DEX) Aerodrome’s AERO token. The price of AERO surged over 10% on the news yesterday.In an X thread on Oct. 28, Animoca Brands said it had bought AERO at market prices and “max-locked as veAERO,” a mechanism that allows token holders to lock their AERO for a set period in exchange for voting power and long-term staking rewards.The firm added that the decision reflected Aerodrome’s emergence as a “key component in the engine” driving DeFi growth on Coinbase’s Ethereum Layer 2, Base. Aerodrome is an automated market maker (AMM) on Base, and currently holds the spot as the largest DEX on the network by trading volume, though just marginally beating Uniswap on the daily and weekly timeframes. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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Animoca Brands, one of Asia's top web3 game development and investment firms, has acquired an undisclosed amount of Base-based decentralized exchange (DEX) Aerodrome’s AERO token. The price of AERO surged over 10% on the news yesterday.In an X thread on Oct. 28, Animoca Brands said it had bought AERO at market prices and “max-locked as veAERO,” a mechanism that allows token holders to lock their AERO for a set period in exchange for voting power and long-term staking rewards.The firm added that the decision reflected Aerodrome’s emergence as a “key component in the engine” driving DeFi growth on Coinbase’s Ethereum Layer 2, Base. Aerodrome is an automated market maker (AMM) on Base, and currently holds the spot as the largest DEX on the network by trading volume, though just marginally beating Uniswap on the daily and weekly timeframes. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
HumidiFi Tops Monthly Solana DEX Volumes and Teases Airdrop
The DefiantOct 20, 2025, 08:43 PM
A relatively new exchange, HumidiFi, has risen to the top of the Solana decentralized exchange (DEX) volume leaderboards, flipping legacy Solana DEXs such as Raydium, Meteora, and PumpSwap.HumidiFi is a proprietary automated market maker (AMM) that launched in June. Over the last month, HumidiFi has processed $34 billion in DEX volume compared to Meteora’s $31.5 billion and Raydium’s $21.4 billion.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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A relatively new exchange, HumidiFi, has risen to the top of the Solana decentralized exchange (DEX) volume leaderboards, flipping legacy Solana DEXs such as Raydium, Meteora, and PumpSwap.HumidiFi is a proprietary automated market maker (AMM) that launched in June. Over the last month, HumidiFi has processed $34 billion in DEX volume compared to Meteora’s $31.5 billion and Raydium’s $21.4 billion.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io