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The crypto trader who supposedly made millions shorting the crypto market before US President Donald Trump’s tariff announcement appears to have profited again by betting that Trump would pardon the founder of Binance. Onchain sleuth Euan pointed to Etherscan data to make the connection between the trader and the Polymarket account. The crypto wallet reportedly made $56,522 on Polymarket by betting that Trump would pardon Changpeng “CZ” Zhao sometime in 2025. Source: EuanThe crypto trader had already been suspected in crypto circles of having access to insider knowledge after their tightly timed Bitcoin and Ethereum shorts, just hours before Trump’s tariff announcement…

In brief Paxos mistakenly minted 300 trillion PYUSD tokens last week before burning them 24 minutes later in what the company on Wednesday called an “internal technical error” that never left its systems. The Paxos co-founder said “the mistake was entirely ours” and blamed rarely-used manual operational processes designed for “very secure cold minting processes” for the error in the amount minted. The incident comes as Paxos seeks a national trust charter from the OCC under the GENIUS Act, with critics questioning whether the company should receive federal banking authority after the $300 trillion blunder. On Wednesday, Paxos Chief Executive…

In brief Social media platform Reddit has sued Perplexity AI, accusing the firm of an “industrial-scale” scheme to scrape its user-generated content. Reddit alleges billions of search pages were scraped through tools that bypassed its and Google’s protections. The lawsuit names Perplexity, SerpApi, Oxylabs, and AWM Proxy as defendants. Social media platform Reddit has sued Perplexity AI in federal court on Wednesday, alleging that the artificial intelligence company and its data partners orchestrated an “ industrial-scale” scheme to scrape the platform’s user-generated content.Reddit alleges that the other defendants: SerpApi, Oxylabs, and AWM Proxy, developed and sold tools specifically designed to…

The end of another week has come around, which means another batch of Bitcoin and Ether options contracts are expiring as spot markets remain sluggish. Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the past several days. The US government remains in a shutdown, and a delayed September CPI inflation report is due today, which could induce volatility, especially…

Bitcoin and Ether rose 1.5% on Thursday as the S&P 500 and Nasdaq approached their all-time highs.Crypto markets rose slightly Thursday morning, with Bitcoin holding around $110,000 and the total market cap at $3.78 trillion, as the 10-year Treasury yield climbed above 3.98%.Bitcoin (BTC) has gained 1.6%, pushing the price to $110,000 and keeping it firmly within the $108,000-$112,000 range.In a commentary for The Defiant, Farzam Ehsani, CEO and co-founder of VALR, suggested that Bitcoin’s path higher “is not guaranteed” as the same macro volatility that triggered gold’s rally due to its general perception as a defensive asset “could cap…

XLM traded lower through Tuesday’s session, slipping from $0.3137 to $0.3123 over 24 hours ending Oct. 23 at 14:00 UTC. The token moved within a narrow $0.0132 range (4.2%), reflecting volatile but range-bound behavior. A sharp 62.1 million volume spike—180% above average—at 21:00 on Oct. 22 triggered a selloff from $0.3081 to critical support at $0.3027, establishing the lower boundary of the current trading range.Despite briefly recovering, Stellar faced persistent technical resistance. Prices rebounded toward $0.3160, consolidating above $0.3120 before a double-top pattern formed at $0.3147, signaling exhaustion. The final hour saw renewed selling pressure, with a breakdown below $0.3131…

In brief KuCoin is expanding its ecosystem with KuPool, a new mining pool service which provides access to PoW and merge mining assets. KuPool will open with assets like Dogecoin (DOGE) and Litecoin (LTC), with Bitcoin (BTC) support to follow soon. The service is designed to cater to mining professionals and newcomers alike, with a focus on simplicity and security. Crypto exchange KuCoin is rolling out a new mining pool service called KuPool, with support for assets like Dogecoin (DOGE), Litecoin (LTC) and eventually Bitcoin (BTC), the firm announced on Thursday. KuPool will align the firm’s existing crypto exchange and its…

There have been different ways that market analysts have tried to predict the direction that the Bitcoin price could be headed next. Many have turned to technical analysis, reading chart formations and patterns in a bid to pinpoint the next move. Others turn to market sentiment, using social commentary in a bid to determine what might happen next. However, one lesser-known route some analysts have taken is astrology, which is a study of how the movement of celestial bodies affects human behaviour, and ultimately, the Bitcoin and crypto market. Using The Moon Cycles To Predict Bitcoin Movements Crypto analyst Draz is one…

In brief Decentralized exchange Bunni announced its permanent shutdown Wednesday, saying it lacks the capital for a secure relaunch requiring six to seven figures in audit expenses alone. The September 2 hack drained $8.4 million through flash loan manipulation and rounding errors, with stolen funds remaining unmoved in Tornado Cash-funded wallets. Users can still withdraw assets, and Bunni pledged to distribute remaining treasury to token holders while relicensing its v2 contracts from BUSL to MIT. Decentralized exchange Bunni has announced it is permanently shutting down following an $8.4 million hack last month, with founders saying they lack the capital needed…

In brief An Ethereum whale has bought $32 million in ETH, signaling institutional interest amid corporate accumulation. A Solana whale sold $93 million, indicating “waning whale confidence” in the asset. A Bitcoin whale netted $835,000 profit, closing a short position as the market hints at a potential bottom. With Bitcoin trading in a tight range, the crypto market continues to remain on the sidelines, leading to an uptick in speculation from large investors.A newly created wallet purchased $32 million worth of Ethereum on crypto exchange OKX at an average price of $3,824, per Arkham data.The whale’s purchase comes after SharpLink…