Plus: The biggest crypto heist ever…

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🍍 Market flavor today

Crypto Market Cap: $3.79T -0.33% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$110,279.18	-0.77%	-9.04%
	Ethereum ETH	$3,982.77	-0.44%	-7.63%
	BNB BNB	$1,164.86	-0.98%	-5.99%
	XRP XRP	$2.40	-1.77%	-14.49%
	Solana SOL	$191.33	-3.25%	-13.16%

The crypto market right now feels like a boxer who got knocked down - dazed, a little embarrassed, but still smirking because the fight’s not over.

You can almost hear Bitcoin saying, "That all you got?" 😏

Last week's $21B deleveraging was the punch that landed. Biggest in crypto history.

The trigger was US-China trade tensions, which made everyone panic, so traders started rushing for the exits.

And when the dust settled, the damage was this:

👉 According to CryptoQuant, Bitcoin's Bull Score (a measure of how strong its on-chain activity looks) crashed from 80 to 20;

👉 Apparent demand (basically how much Bitcoin is actually being used) dropped by 111K BTC in the past month - the steepest decline since April. That means there's less genuine buying, less excitement, and a cooler network overall.

In short: momentum cracked, and short-term fundamentals look weak.

But here's the interesting part - the market's structure still looks surprisingly healthy underneath the mess.

👉 Liquidity hasn't dried up. Matter of fact, it's growing;

👉 Tether's USDT supply increased by $14.9B in the past 60 days - the fastest growth since January;

👉 And whales have started buying again. Their one-year accumulation trend crossed above its long-term average on October 8, which usually means smart money sees value here.

So even though the headlines sound bearish, the foundation isn't falling apart. It's more like the market just went through a detox: leverage got cleared out, weak hands got forced out, and what's left is cleaner and more stable.

The key line to watch now is $115K - the Traders' Realized Price. If Bitcoin can break and hold above that, it would confirm new strength and likely restart the broader uptrend.

Right now, we're in that uneasy middle zone - bruised sentiment, strong liquidity, quiet accumulation.

Crypto's been here before: shaken, doubted, written off - only to come back stronger.

This feels like one of those moments. The market's down, sure. But it's still standing.

🥝 Memecoin harvest

BitDegree Season 8 is LIVE - and with it comes a $15K Airdrop waiting to be claimed 🤑

To get your share, you need to reach 10K Bits, which you can do by completing Bonus Tasks that are so simple, you'll wonder why you didn't start earlier.

Here are a few examples:

🎁 Join the Ogvio waitlist - earn 3K Bits;

🎁 Share BitDegree's post on X - grab 1K Bits;

🎁 Subscribe to "Crypto Finally Explained" on YouTube - get 1K Bits;

...and there's plenty more where that came from 😏

See, told you it was easy! So, what are you waiting for?

Get to earning, climb to the top of the leaderboard, and secure your share of the Airdrop once the Season ends! 💪

🥝 Memecoin harvest

It's feeding time in the degen zoo again 🦍

Data as of 10:40 AM EST.

Check out these memecoins and plenty more here.

😳 The biggest crypto seizure in history

You're having lunch with a friend, just chatting about random stuff, when their eyes suddenly light up.

"Omg, bro, I almost forgot - I found the best crypto investment app ever. You HAVE to check this out."

You roll your eyes a little. You've heard this pitch before.

Still, curiosity wins, so you take a look at their phone. And… weirdly enough, it looks legit. Clean interface, graphs going up, real-time profits that make your savings account feel like a joke.

You decide to give it a try. It even lets you withdraw money at first. Feels safe enough, right?

Then one day, you log in - and the site's gone. Your crypto? Gone. The "friend" who told you about it? Gone x3.

That exact experience - just scaled up to thousands of victims - is at the heart of what US prosecutors say was one of the largest online scams ever uncovered.

The US government announced it had seized over $14B in Bitcoin from Chen Zhi, a Chinese-born businessman and chairman of Prince Holding Group in Cambodia, who authorities say ran a massive pig butchering scam.

Chen's network allegedly built fake crypto trading apps and websites that looked exactly like real exchanges.

Victims thought they were investing in crypto, saw balances go up, got fake transaction receipts, and could even make small withdrawals - all part of the trap.

Once the victims were "fattened up" - investing more, telling friends, feeling confident - the sites froze their accounts or disappeared overnight.

And a very dark part of this scheme is that it was being run out of scam compounds in Southeast Asia, where many of the workers were forced or trafficked into scamming.

At its peak, Chen's operation was allegedly pulling in around $30M a day.

And this week, investigators traced and seized $14B in Bitcoin, which is now sitting in government-controlled wallets.

Which says a lot about where crypto is heading.

Many people still see crypto as this mysterious, untouchable space, where money could move freely, quietly, and sometimes illegally.

This case changes that narrative, because the US didn't hack Chen's systems or infiltrate a secret network - they simply followed the blockchain.

It means the system is doing what it was built to do: creating an open, verifiable record of value that can't be erased or hidden forever.

The bad actors get caught; the real builders get stronger.

🍋 News drops you can't miss

💭 Thinking about giving Ogvio a shot? We've gone down the rabbit hole, so you don't have to - check out what we found in our review.

🔥 Paxos, the company behind PayPal's stablecoin PYUSD, minted 300T tokens and burned them less than 30 mins later. The Ethereum blockchain shows they were created at 7:12 PM UTC and sent to a dead wallet 22 mins after.

⚖️ Two brothers are on trial for allegedly using MEV bots on Ethereum to pull off a trading scheme. The case digs into how those bots mess with transaction orders to make extra profit.

🍌 Juicy memes