Crypto Daily — DeFi, NFT, Web3

🔮 The maximum pain in the market will occur when Bitcoin breaks $84,000 (the average IBIT price from BlackRock) and $73,000 (the base level for MicroStrategy) — Bitwise. According to analysts, a drop to these levels would mean the end of the current cycle and the formation of the final bottom.

🍿 Famous trader Machi Big Brother has been completely liquidated — only $15,538 remains in his account, and total losses have exceeded $20,200,000.

🪒 Bitcoin momentarily fell below $82,000. Soon to $56,000?

💰 Paolo Ardoino gave a major interview in which he explained how Tether became one of the key elements of the global financial system. The main points: 🔴 Stablecoins are just a temporary bridge. In 50 years, the need for USDT will disappear, and Bitcoin will become the world currency. 🔴 Tether entered the TOP-17 holders of US government debt, and stablecoins have become a tool to strengthen dollar hegemony — this is already recognized in Washington. 🔴 USDT grew to 500 million users without marketing. The explosive growth began in 2020 when people in Latin America and Asia realized that the dollar can be stored on a phone. 🔴 Tether already holds over 120,000 BTC on its balance sheet, profits are converted into Bitcoin and gold. 🔴 The company invested nearly $5 billion in the US and is building its own mining facilities, aiming to become the largest miner. 🔴 In Africa, the payment infrastructure is more efficient than in the US, so Tether’s strategy in America is mass self-custody through partners like Rumble Wallet. 🔴 The GENIUS Act was a turning point, opening the way for Tether into the US market. 🔴 Tether is the most profitable company in the world by revenue per employee due to zero fees and rising treasury yields. 🔴 For developing countries, USDT is a lifeline: local currencies depreciate, banks block deposits, and people massively move into stablecoins. 🔴 Tether Gold is a solution for those not ready for Bitcoin but who trust gold.

🇯🇵 The Government of Japan approved an economic stimulus program worth $135 billion, which should lead to an inflow of additional liquidity into the financial system and may trigger more active market movements.

📊 At night, Bitcoin dropped below $86,000 — nearly $1 billion worth of trader positions were liquidated in the last 24 hours, with long holders suffering the most. CryptoQuant CEO noted that according to on-chain metrics, the bullish cycle effectively ended earlier this year when Bitcoin approached the $100,000 level. From the perspective of classical cyclicality, the market usually returns to the realized price — currently around $56,000 — to form a bottom. However, due to large holders like MicroStrategy, who are unlikely to sell, a significant portion of coins is effectively taken out of circulation. Therefore, he doubts that the price will drop to $56,000.

All eyes on MicroStrategy: MicroStrategy ($MSTR) has dropped -40% over the past month and is now -68% below its record high. The company currently holds 649,870 Bitcoin, purchased at an average price of $74,433. Put simply, if Bitcoin declines by another 15%, MicroStrategy’s overall position will move into the red. The question remains: Can Saylor keep buying?

💸 The company FG Nexus sold 10,922 ETH from the balance.

This is among the fastest-moving crypto bear markets on record: On October 6, the total cryptocurrency market capitalization reached an all-time high of $4.27 trillion. As of today, the market cap has fallen back below $3 trillion — a decline of $1.3 trillion in just 45 days.

Bitcoin falls below $88,000 for the first time since April 22nd. Bitcoin is officially down more than -30% since October 6th.

🏢 A new virus is spreading on WhatsApp — attackers send it pretending to be from “friends” and fake investment chats, and just one click is enough for the virus to gain access to the device and contacts. The Trojan targets crypto wallets and exchanges — it scans Binance, OKX, Coinbase, MetaMask, Trust Wallet, Ledger Live, Phantom, and other apps, stealing data when they are opened. Although the main attack is currently happening in Brazil, potentially any WhatsApp user could be affected.

🏢 A new virus is spreading on WhatsApp — attackers send it pretending to be from “friends” and fake investment chats, and just one click is enough for the virus to gain access to the device and contacts. The Trojan targets crypto wallets and exchanges — it scans Binance, OKX, Coinbase, MetaMask, Trust Wallet, Ledger Live, Phantom, and other apps, stealing data when they are opened. Although the main attack is currently happening in Brazil, potentially any WhatsApp user could be affected.

🤖 A new trading tournament for AI agents has started — now the neural networks are trading stocks. No one has lost money yet, but they just started today. Two newcomers have been added to the pool — Kimi and a secret model that the organizers have not yet revealed.

🔪 Cryptos are "catching falling knives" by opening too many long positions expecting a quick rebound, says K33 Research. Due to high funding rates and accumulated leverage, the market becomes vulnerable to volatility spikes and mass liquidations. At the same time, institutional players remain cautious — in 86% of such situations in the past, the BTC price fell on average by 16% over a month.

🕯📊 Short-term players are taking profits on BTC and partially exiting positions, while miners and long-term holders continue to hold coins, — CryptoQuant.

⚖️ Co-founder of Samourai Wallet, 67-year-old William Lonergan Hill, was sentenced to 4 years in prison for participating in the operation of an unlicensed money transfer service — through the Samourai wallet and the Whirlpool mixer, according to the investigation, more than $237,000,000 of criminal funds were laundered.

💎 Bitcoin whale of the Satoshi Nakamoto era sold its last 2499 BTC ($228 million) — since October, the user has sent to the order book to the Kraken exchange 11,000 BTC ($1 billion), which had been stored in his wallet for 15 years.

💰 Vitalik Buterin believes that if BlackRock and other large organizations continue to increase their ETH assets — Ethereum will face risks to decentralization and risks related to technical decisions.

🤖 Elon Musk stated that humanoid robots will eliminate poverty and make everyone rich.

💎 AlphaTON purchased 1,600,000 TON on the open market, and also staked 4 million TON.