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Crypto Talkies October 13th 2025

After a bruising stretch driven by tariff headlines, crypto staged a forceful rebound into the evening. A misunderstanding around U.S.-China trade chatter cleared the air, risk appetite returned, and more than 180 billion dollars in value rushed back into the asset class as stock futures climbed alongside digital assets. Bitcoin (BTC) clawed back six figures and Ethereum (ETH) jumped, setting the tone for a risk-on close. Institutions did not miss the volatility. MARA Holdings scooped up 400 BTC (BTC) via FalconX, while Michael Saylor’s Strategy Inc. added another 220 BTC, signaling that big balance sheets still view weakness as opportunity. On the smart-contract side, BitMine Immersion Technologies went on offense after the crash, buying over 200,000 ETH (ETH), a move that now leaves the firm with more than 2.5 percent of Ether’s supply according to its tally. Momentum followed the money. Ethereum notched an 8 percent pop back over 4,000 dollars with some desks eyeing a path toward 5,500 as the market stabilizes and dip demand shows up in size. Dogecoin (DOGE) joined the relief rally, surging as much as 17 percent intraday and getting an extra spotlight as House of Doge, the Dogecoin Foundation’s corporate arm, made its public debut on Nasdaq after merging with Brag House. BNB (BNB) was another standout, holding above 1,000 dollars during the turmoil and snapping back quickly, a resilience Binance founder CZ defended by pointing to utility and trust in the network. The narrative got fresh fuel as China Renaissance moved to raise 600 million dollars for a BNB-focused digital asset treasury and BNB Chain rolled out a 45 million dollar Reload Airdrop to more than 160,000 memecoin traders hit by volatility. Not everything was smooth sailing. Ethena’s USDe (USDE) briefly slipped on Binance during peak stress, wicking down to 65 cents before stabilizing; founder Guy Young called it an isolated issue and urged reliance on external oracles. In a twist of market irony, Ethena’s token ENA (ENA) ripped 156 percent off its weekly low even as attention turned to stablecoin plumbing. Market structure took center stage too. Hyperliquid co-founder Jeff Yan accused centralized venues of understating liquidations by nearly 100 times during the selloff, contrasting that with Hyperliquid’s on-chain transparency; the project’s HYPE (HYPE) token rose about 10 percent. Hyperliquid also shipped its HIP-3 upgrade, opening permissionless listing of perpetuals for teams willing to stake 500,000 HYPE, a bid to push more market creation to users themselves. On the policy and security front, the day delivered a grab bag. India’s tax authorities opened investigations into more than 400 Binance traders over alleged crypto tax evasion, while WazirX (WRX) won Singapore High Court approval for a debt restructuring plan tied to last year’s 234 million dollar hack, paving the way to restart operations and compensate over 150,000 users. Ripple teamed up with Immunefi on an Attackathon to harden the new XRPL Lending Protocol, dangling bounties up to 100,000 dollars for critical finds as XRP (XRP) whipsawed and bullish long-term projections made the rounds. TradFi kept inching closer. CME Group launched CFTC-approved options tied to Solana (SOL) and XRP (XRP), giving institutions another set of hedging tools, and Citigroup set 2026 for the debut of its crypto custody service after years of development. In the realm of policy proposals, Reform UK’s Nigel Farage floated a crypto-forward plan for Britain that includes a 10 percent capital gains tax on crypto, holding seized Bitcoin (BTC) as a national reserve asset, and opposing a CBDC. Under the hood, Bitcoin Core v30.0 landed with performance and wallet upgrades alongside a controversial expansion of the OP_RETURN data limit, stirring debate across the community about chain use cases and tradeoffs. Meanwhile, Tether’s Paolo Ardoino doubled down on a macro thesis that Bitcoin (BTC) and gold would outlast fiat currencies, noting both sit in the company’s reserves as hedges against monetary instability. Brands and culture had their moment too. Steak n Shake backtracked on a plan to accept Ethereum (ETH) payments after a social media dustup, committing instead to Bitcoin (BTC) acceptance as the community made its voice heard. And for those still replaying the week’s chaos, rumors around tariff policy and whispers of well-timed whale shorts fueled anxiety, but by dusk the dominant theme was resilience as buyers stepped in and the market found its footing. If tonight is any guide, the day’s lesson was simple. Volatility cuts both ways, institutions are leaning into dislocations, and builders are shipping through the noise. For now, the mood into the close is brighter than it started, and the tape is giving dip buyers the last word.


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