US Accuses Chinese Firms of Using Crypto to Sell Fentanyl to Mexican Cartels

Bittensor, Mantle, World Liberty Financial, Aster, Dogecoin, and BNB are leading the recovery in the crypto market, with strong underlying narratives and liquidity support driving their surge. Analysts attribute this to utility, liquidity depth, and narrative conviction, with some coins backed by popular sectors like AI and real-world assets.

Hyperliquid will activate its HIP-3 network upgrade, allowing users to launch perpetual futures markets by meeting onchain requirements. The upgrade introduces permissionless deployment of perpetual DEXs on HyperCore by staking 500,000 HYPE, with safeguards like validator slashing and open interest limits.

MARA Holdings acquired 400 BTC worth $46.29 million from FalconX, increasing its total holdings to over 53,000 BTC. The purchase reflects institutional investors' optimism following last week's market crash, with Bitcoin rebounding to $114,763.

The crypto market experienced a significant liquidation event, with $20 billion in positions wiped out as Bitcoin dropped 17% in hours. Traders are shifting to downside protection amid increased volatility and uncertainty, with concerns over systemic risks and liquidity dominance.

Benoît Pagotto, co-founder of RTFKT, has passed away at 41, as confirmed by colleagues. Tributes poured in on social media, with Philippe Rodriguez sharing the news on LinkedIn. Pagotto was known for merging luxury design, gaming, and crypto culture at RTFKT.

A recent sell-off in the crypto market led to a significant liquidation event, wiping out nearly $20 billion in digital assets in a single day. The flash crash of liquidations triggered by volatile trading resulted in losses across all markets, with long positions taking the biggest hit.

A group of international banks, including Banco Santander, Bank of America, and Goldman Sachs, are collaborating to explore issuing a stablecoin pegged to G7 currencies. The initiative aims to enhance competition in the market while ensuring compliance with regulations and best practices.

Over $1 billion in crypto positions have been liquidated in the past 24 hours as prices plummet due to President Trump's trade war announcement. Bitcoin, Ethereum, and Solana have all experienced significant drops, with Bitcoin erasing most of its October gains.

Polymarket plans to launch its own crypto token after a $2 billion investment from Intercontinental Exchange, sources close to the company told Decrypt. The company aims to reenter the U.S. market before introducing the token, hinting at potential rewards for users.

A hacker stole $21 million in crypto from a Hyperliquid user due to a leaked private key, with funds bridged to Ethereum. The incident highlights the importance of personal security in safeguarding private keys from malicious actors.