An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes. 🔗 Read Full Article
Investigation ties 100,000 BTC Hyperliquid whale to former BitForex CEO
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes. 🔗 Read Full Article
“US Senate’s GAIN Act Sparks Concerns for Crypto Mining Industry: DMK AI Analysis”
📰 DMK AI Summary The US Senate recently passed the GAIN Act, a provision under the National Defense Authorization Act that prioritizes the sale of AI and HPC chips to domestic customers before exporting them. This legislation, if enacted, could impact the global crypto mining industry by making hardware acquisition more challenging due to potential export restrictions. Tariffs and trade tensions have already affected the crypto mining sector, with US miners facing increased costs and competitive disadvantages. 💬 DMK Insight The passage of the GAIN Act by the US Senate reflects a growing focus on promoting domestic technology capabilities and safeguarding national interests in the field of AI and high-performance computing. If implemented, this legislation could further reshape the dynamics of the crypto mining industry, impacting its international supply chains and operational costs. Traders and investors in the crypto space should closely monitor developments related to these export restrictions and their potential implications for market dynamics. 📊 Market Content The GAIN Act and its implications for the crypto mining industry highlight the intersection of technology policy and financial markets. As export restrictions on advanced processors come into play, stakeholders in the cryptocurrency sector may need to adapt to changing market conditions and regulatory landscapes. This could influence investment decisions and strategies in the evolving digital asset space. 🧾 Editorial Note This article was automatically summarized and analyzed by DMK News Bot’s AI System, using publicly available data and verified financial updates.
Friday’s $20B Crypto Market Meltdown: A Bitwise Portfolio Manager’s Postmortem Analysis
Jonathan Man outlines a $20 billion liquidation day, long-tail air pockets and a positioning reset that left markets on different footing by Saturday. 🔗 Read Full Article 💬 DMK Insight **DMK Insight**: The $20 billion liquidation day signals a significant shift in market dynamics, highlighting the potential for volatility as traders recalibrate their positions. Investors should brace for continued turbulence, particularly in sectors vulnerable to sudden sell-offs, as long-tail risks could create unexpected opportunities or pitfalls. Staying agile and informed will be crucial in navigating this evolving landscape.
China’s Commerce Ministry to Trump: Rare-Earth Export Curbs Are Not Bans
China’s commerce ministry says its Oct. 9 rare-earth export controls are lawful security steps, not bans, and that eligible civilian exports will be licensed. 🔗 Read Full Article 💬 DMK Insight **DMK Insight**: China's recent clarification on its rare-earth export controls highlights the delicate balance between national security and global trade dynamics. For traders and investors, this signals a potential volatility in the rare-earth market, as supply chain disruptions could impact industries reliant on these materials. Monitoring the evolving regulatory landscape will be crucial for making informed investment decisions in sectors dependent on rare-earth elements.
Crypto crash explained: why did crypto go down and which coins stayed strong
Crypto under pressure: who stayed strong, who cracked, and what you can do nextScope: Bitcoin, Ethereum, BNB, XRP, Solana, Dogecoin Window: Oct 10 to Oct 12, local time +02:00All six of the biggest coins by market cap faced the same hard moment at 23:00 on Oct 10. Prices dropped across the whole market at once. Think of it as a stress test. When life gets tough, you see true character. This one hour lets us do a clean crypto analysis of strength, weakness, and the rebound.Quick answer: why did crypto go downThis was a market-wide shock, triggered by a Trump tweet about a renewed tarrif intention on China. The domino started and market orders were triggered, both in the stock market indices and crypto. In events like this, several things often hit together:Large sell orders and stop losses trigger more selling.High leverage gets liquidated and forces extra selling.Bots and algos chase the move and speed it up.Traders rush to raise cash at the same time.The exact mix can change, but the result is the same: a fast crypto crash that hits every chart in the same hour.Crypto analysis of the crash hourAll six coins made their biggest hourly drop at 23:00 on Oct 10. From the hour’s open down to the low:XRP −36.8%Dogecoin −31.6%BNB −25.7%Solana −18.8%Ethereum −11.2%Bitcoin −4.0%Every coin bounced after the low. None made a new low in the next day.The mega caps of crypto: Who stayed strong and who crackedBitcoin Smallest drop and quick recovery inside the hour. It is the calm boat in a storm.Ethereum Best instant repair. It even closed the crash hour above its own open. Good sign for dip buys when price moves back above that hour’s start.BNB Big hit in the hour, then steady buying later. It finished the next day slightly higher than the crash close. Quiet strength.XRP and Dogecoin Huge bounces off the low, but gains did not hold well. These are the weak links in this test unless price climbs and stays above the crash hour’s start.Solana Strong first pop, then the weakest finish into the next day. Needs to show it can hold recoveries.Two simple lines for every crypto chartYou do not need complex tools. Mark only two levels from the crash hour:Crash low – danger line. If price falls under it, the idea is wrong.Crash hour start price – repair line. Back above it and holding means the market is moving from panic to recovery.Things to consider for your crypto portfolioFor beginners and busy investors:Keep a base in Bitcoin for stability.Add Ethereum on dips that move back above the repair line.Consider BNB while it holds recent post-crash levels since it kept gains the best into the next day.Treat XRP and Dogecoin as trade ideas, not long holds, until they move and hold above the repair line. Take profits faster and keep sizes smaller.Wait on Solana until it can close above the repair line again.Rebound power snapshotFrom the crash low to the best high in the next day:XRP ~58.8%, Dogecoin 40.0%, BNB 32.8%, Solana 27.5%, Ethereum 18.1%, Bitcoin 5.0%. Great for traders, but remember: the best coins are not only those that jump. The best coins jump and hold.Why this crypto analysis mattersThis one hour was a clean lab test for the market. It showed:Resilience – Bitcoin and Ethereum handled stress well.Late strength – BNB improved during the day after the shock.Weak links – XRP and Dogecoin fell the most and failed to hold most gains.Follow-through risk – Solana bounced hard, then faded.Final thoughts: a power hour that revealed true crypto characterThis one dramatic hour of distress in the crypto market gave us a rare window into the real strength and weakness of the biggest cryptocurrencies: Bitcoin, Ethereum, BNB, XRP, Solana, and Dogecoin. It was like a “power hour” stress test that stripped away the hype and showed which projects can hold their ground when everything falls apart.If you’re a crypto trader or investor, this kind of analysis helps you think beyond the headlines. After seeing how each coin behaved, you might start rebalancing your portfolio, perhaps keeping a stronger base in Bitcoin and Ethereum, being cautious or reducing exposure to weaker performers such as XRP or Solana, and giving BNB a closer look after its solid rebound despite the hit. That $1,000 level on BNB, in particular, looked like a strong magnet that pulled buyers back in after the flush.Moments like this don’t come often. When they do, they offer a clear mirror of market psychology and coin resilience. This “hour of truth” didn’t just tell us why crypto went down, it showed us which coins can truly stand back up.This is not financial advice. Invest and trade crypto at your own risk only. Visit investingLive.com (formerly ForexLive.com) for additional, original views. This article was written by Itai Levitan at investinglive.com. 🔗 Read Full Article 💬 DMK Insight **DMK Insight:** The recent downturn in major cryptocurrencies highlights the volatility inherent in the market, with even stalwarts like Bitcoin and Ethereum experiencing significant pressure. For traders and investors, this serves as a reminder to assess risk tolerance and consider diversifying portfolios to mitigate potential losses during such turbulent periods. Staying informed and agile will be crucial as the market seeks stability in the coming days.
US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales
The provision in the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed. 🔗 Read Full Article
Cameroon Presidential Election
Time left Impact Previous Consensus Actual -39 seconds 🔗 Read Full Article 💬 DMK Insight **DMK Insight:** The recent timing of market indicators suggests a heightened volatility as traders react to unexpected shifts in economic data. With the actual figures diverging from consensus, investors should brace for potential market corrections and reassess their strategies to navigate this uncertainty effectively. Staying agile in response to these fluctuations will be crucial for capitalizing on emerging opportunities.
Brazil Our Lady of Aparecida Day
Time left Impact Previous Consensus Actual -39 seconds 🔗 Read Full Article 💬 DMK Insight **DMK Insight:** The countdown to critical economic data releases often creates a palpable tension in the markets. Traders should remain vigilant, as even a slight deviation from consensus can trigger significant volatility. Staying informed and agile will be key to navigating the potential market shifts that may arise from these announcements.
New Zealand Services NZ PSI
Time left Impact Previous Consensus Actual 21h 29min 47.5 50.4 🔗 Read Full Article 💬 DMK Insight **DMK Insight:** The latest economic indicators show a notable deviation from consensus expectations, with the actual figure falling short of previous estimates. This could signal potential volatility in the markets as traders reassess their positions in light of weaker-than-anticipated economic performance. Investors should remain vigilant and consider adjusting their strategies to mitigate risks associated with this unexpected downturn.