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Tripling Valuation to $5 Billion, Kalshi Leverages New Funding to Broaden Global Reach of its Prediction Market Platform
Tether and Circle mint $1.75B in stablecoins following major crypto market crash.Stablecoin Giants Respond to Crash With Fresh MintingWhy Stablecoin Demand Spikes During CrashesWhat This Means for the Crypto Market
Pi Network faces growing backlash as users call it the biggest scam in crypto history.Why the Pi Network Scam Allegations Are ExplodingYears of Hype, But No Real PayoutA Growing Crypto Controversy
Rayls Labs is building private-to-public blockchain infrastructure for banks using Enigma tech.Rayls Labs Bridges Traditional Banking and BlockchainPrivate Tokenization Meets Public DistributionA Game-Changer for Blockchain Adoption?
- 12:43Analysis: The Impact of the Crypto Market "10.11 Flash Crash" May Take Several Days or Even Weeks to Fully EmergeChainCatcher news, according to Wallstreetcn, after the "10.11 flash crash," the crypto market has begun to recover some of its losses, but the full impact of the event may take days or even weeks to fully manifest. Several industry insiders shared their views: Edward Chin, CEO of crypto hedge fund Parataxis, said he suspects that in the coming days or weeks, there will be news of some funds being liquidated or market makers suffering heavy losses. Caroline Mauron, co-founder of Orbit Markets, pointed out that the next major support level for bitcoin is at $100,000. A drop below this level would mark the end of the bull market cycle of the past three years. Vincent Liu, CIO of Kronos Research, believes that this plunge was triggered by tariff concerns but was exacerbated by excessive institutional leverage, highlighting the close connection between cryptocurrencies and the macroeconomy.
- 11:47Venus: Users affected by the WBETH depegging on October 11 will be compensated through the Protocol Risk FundChainCatcher News, Venus Protocol stated on its social platform that some Venus users were affected by the WBETH price depegging during the market liquidation period. Venus Labs will use the protocol risk fund to compensate verified users who suffered losses due to the WBETH depegging issue that occurred between 5:36 and 6:16 on October 11, 2025 (UTC+8).
- 11:29ZachXBT: Currently, it is only known that Garrett Jin appears to have started collaborating with whales whose assets reach several billions.Jinse Finance reported that on-chain detective ZachXBT posted, "There are still too many unknown factors regarding the high-profile BTC whale who swapped to ETH, and I cannot draw a conclusion that I am willing to publish. All the currently discussed posts are actually exaggerated versions of immature theories. What is known is: Garrett Jin / Exe appears to have started collaborating with a Chinese whale, whose ten-figure funds had remained dormant on-chain until recently."