🚨BREAKING: BINANCE HOT WALLET APPEARS TO BE DRAINED FOR ~$2.53B!
On-chain data shows a large outflow from a Binance hot wallet (Binance 14) involving roughly $2.53 billion across 60+ tokens on Ethereum, including a major ETH transfer.
The transaction that moved the funds was initiated by an address funded via Tornado Cash, with the assets sent to a fresh EOA.
The report remains unconfirmed.
BREAKING: 🇺🇸 OVER 50 CRYPTO INDUSTRY LEADERS ARE MEETING WITH US SENATORS TOMORROW TO DEMAND THE #BITCOIN CLARITY ACT PASSAGE
THE CRYPTO CLARITY BILL IS HEADING TO PRESIDENT TRUMP'S DESK SOON
₿E PREPARED. IT'S COMING 🚀
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#BTC
One of the major mistakes many people have made about Bitcoin is thinking a bottom was in already (Denial)
But months from now, a major mistake will be to think Bitcoin will continue to go lower, even after it has actually bottomed (Bearish Euphoria)
$BTC #Crypto #Bitcoin
#Bitcoin rests on the 200-Week MA as crucial support to hold onto.
Historically, this is where the markets have been bottoming.
The only outlier has been the 2022 markets, and this time, with the fact that this entire move downwards is the heaviest ever, history can repeat itself again.
A stablecoin just broke its peg this week, and the protocol behind it says that was the plan all along.
Apyx runs apxUSD, a synthetic dollar that is supposed to sit at $1. On Wednesday it fell to 93 cents while Bitcoin slid under $63K. The reason it moved is the part actually worth understanding.
apxUSD is not backed by dollars in a bank or by Treasury bills the way USDC and USDT are. It is backed mostly by STRC, Strategy's variable-rate preferred stock that pays an 11.50% dividend and trades around a $100 par value. Preferred equity, not cash. So when the collateral wobbles, the peg wobbles with it. That is the whole mechanism in one sentence.
Apyx's response was not "we are fixing a bug." It was: this is expected behavior for a coin backed by preferred equity instead of cash deposits. They are sitting at roughly 104% overcollateralization, and STRC has slipped below its $100 par four separate times since August 2025 and recovered to par every time.
So this is not a Terra-style death spiral where the backing evaporates and never comes back. It is something newer and more subtle: an equity-wrapped dollar where the word "stable" describes the design goal, not a guarantee. The collateral can swing with the market, and in a week like this one, it did exactly that.
The takeaway is not "avoid this coin." Plenty of people will happily hold a yield-bearing dollar that occasionally trades a few cents under par. The takeaway is that the label on a stablecoin tells you almost nothing about how it behaves. Cash-backed, Treasury-backed, crypto-overcollateralized, preferred-equity-backed: those all wear the same word and behave completely differently when everyone heads for the exit at once.
Read the collateral, not the ticker. That is the entire job.
This is the generational buying opportunity level for #Bitcoin.
It's back to the lows and will likely sweep those, however.
- Daily RSI is the lowest ever recorded.
- Sentiment is the worst I've seen in a long time.
- ETH Daily RSI is the lowest ever recorded.
- 200-Week MA.
Historically the right time to be looking to scale into positions.
If you were interested in #Bitcoin at $90,000, then this is a bargain to buy on.
🚨 ON THIS DAY IN 2011: Hal Finney said every day Bitcoin survives without collapsing increases its chances of success and justifies a higher price.
At the time, Bitcoin was trading around $18.
Every official vDOT is backed by underlying DOT reserves through Bifrost SLP.
Mint vDOT → DOT enters the staking system
Redeem vDOT → vDOT is burned, DOT is returned
That reserve flow is the foundation.
But reserve backing is only the first layer.
vDOT reserves are held by Bifrost’s sovereign account, which has no private key. It can only be controlled through protocol logic or OpenGov governance.
This means there is no single private key that can simply move the underlying DOT reserves.
Even in an extreme parachain compromise scenario, unstaking DOT still requires time, creating a governance response window before reserves can be moved.
⚡️ NEW: Nexo’s MVRV indicator has stabilized at 1.16 despite Bitcoin volatility, suggesting large holders continue to hold rather than exit positions during market downturns, according to CryptoQuant analyst.
Polkadot Moves To Overhaul Staking
The Polkadot (@Polkadot) community is voting on a proposal that would require validators to self stake at least 10,000 $DOT.
The reform is designed to pave the way for major staking upgrades across the network.
If approved, nominators could eventually become unslashable while unbonding times may fall from roughly 28 days to as little as 24 hours.