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Search results for tag #crypto

[?]Molly White » 🌐
@molly0xfff@hachyderm.io

It all started when Trump’s threat to further increase tariffs on China by 100% caused traders to panic sell crypto, with some fleeing for safer assets like Treasury bills and gold.

Bitcoin plummeted 10% in the span of minutes, and other tokens were even harder hit. Altcoins like Solana plunged 40%, and Trump’s own memecoin dipped more than 60%.

Volatility only increased as market makers withdrew. Some accused these institutions abandoning their responsibility during a critical time, while others reasoned that they have no regulatory or other mandate to stabilize markets — potentially at their own expense.

The initial sell-off The markets were already rattled by China’s October 9 announcement that it would tighten its grip on rare-earth mineral exports — crucial materials for high-tech manufacturing that China controls through its near-monopoly on processing. This was viewed as an escalation in the ongoing economic conflict between the two superpowers, which has already left some analysts fearing market crashes or even a global recession. Trump’s choice to retaliate with threats of an enormous tariff hike renewed fears of severe economic turmoil and disrupted supply chains. Traders panic-sold high-risk assets like cryptocurrency, with some fleeing to the safety of Treasury bonds and gold. (Bitcoin advocates’ claim that bitcoin functions as “digital gold” has, once again, not held up under pressure.)

Alt...The initial sell-off The markets were already rattled by China’s October 9 announcement that it would tighten its grip on rare-earth mineral exports — crucial materials for high-tech manufacturing that China controls through its near-monopoly on processing. This was viewed as an escalation in the ongoing economic conflict between the two superpowers, which has already left some analysts fearing market crashes or even a global recession. Trump’s choice to retaliate with threats of an enormous tariff hike renewed fears of severe economic turmoil and disrupted supply chains. Traders panic-sold high-risk assets like cryptocurrency, with some fleeing to the safety of Treasury bonds and gold. (Bitcoin advocates’ claim that bitcoin functions as “digital gold” has, once again, not held up under pressure.)

In the span of minutes, Bitcoin plummeted around 10%. Altcoins plunged even more steeply, with the popular Solana token diving 40% and Trump’s own memecoin falling more than 60%. The trading firm Wintermute reported that the median crypto token price drop was around 54%, and more than 90% of tokens lost more than 10% of their value.2

Alt...In the span of minutes, Bitcoin plummeted around 10%. Altcoins plunged even more steeply, with the popular Solana token diving 40% and Trump’s own memecoin falling more than 60%. The trading firm Wintermute reported that the median crypto token price drop was around 54%, and more than 90% of tokens lost more than 10% of their value.2

Crypto’s generally illiquid markets contributed to the price volatility. CoinDesk reported that “market depth collapsed by more than 80% across major exchanges within minutes.”3 Market makers — institutions that normally provide liquidity and price stability by taking the opposite side of trades — came under fire as some accused them of amplifying the crash by withdrawing liquidity during this crucial period. The Coinwatch crypto tracking platform accused market makers of “desert[ing] their responsibility”,4 and blockchain analyst YQ alleged “they executed a coordinated withdrawal at the optimal moment to minimize their losses while maximizing subsequent opportunities.”5 Others characterized these institutions’ pullback as a normal risk management response to elevated volatility, and the predictable actions of firms with no mandate to maintain market stability at the expense of their trading books. Regardless of the reason, the severe lack of market depth resulted in extreme price dislocations across exchanges. On Binance, the Cosmos token momentarily appeared to plummet in value from $3.90 to a tenth of a cent.

Alt...Crypto’s generally illiquid markets contributed to the price volatility. CoinDesk reported that “market depth collapsed by more than 80% across major exchanges within minutes.”3 Market makers — institutions that normally provide liquidity and price stability by taking the opposite side of trades — came under fire as some accused them of amplifying the crash by withdrawing liquidity during this crucial period. The Coinwatch crypto tracking platform accused market makers of “desert[ing] their responsibility”,4 and blockchain analyst YQ alleged “they executed a coordinated withdrawal at the optimal moment to minimize their losses while maximizing subsequent opportunities.”5 Others characterized these institutions’ pullback as a normal risk management response to elevated volatility, and the predictable actions of firms with no mandate to maintain market stability at the expense of their trading books. Regardless of the reason, the severe lack of market depth resulted in extreme price dislocations across exchanges. On Binance, the Cosmos token momentarily appeared to plummet in value from $3.90 to a tenth of a cent.

    Luka Rubinjoni boosted

    [?]Molly White » 🌐
    @molly0xfff@hachyderm.io

    As trading activity spiked, exchanges went down or suffered outages that prevented people from placing trades or shoring up their positions. Binance, Coinbase, Kraken, Robinhood, and several other major platforms were all reported to experience significant service interruptions.

    Crypto exchange glitches As trading activity spiked on exchanges and prices whipsawed, multiple centralized platforms suffered glitches. Binance’s site went completely down at one point, and customers reported unexplained account freezes, unsuccessful trades, and automated protections like stop-lossesb failing to trigger. Several tokens intended to be maintain pegs to other assets, such as USDe, de-pegged on Binance’s Earn program. Coinbase’s status page claimed there was “latency or degraded performance when transacting”, although customers widely reported not being able to trade at all. The Kraken app showed customers a vague “something went wrong” screen, and customers reported similar issues with trades not completing and stop-losses not triggering. Robinhood users also reported the app freezing, and attempted trades not going through. Other exchanges including OKX, Bitget, and MEXC had intermittent outages, delayed trades, or inaccurate price information.

    Alt...Crypto exchange glitches As trading activity spiked on exchanges and prices whipsawed, multiple centralized platforms suffered glitches. Binance’s site went completely down at one point, and customers reported unexplained account freezes, unsuccessful trades, and automated protections like stop-lossesb failing to trigger. Several tokens intended to be maintain pegs to other assets, such as USDe, de-pegged on Binance’s Earn program. Coinbase’s status page claimed there was “latency or degraded performance when transacting”, although customers widely reported not being able to trade at all. The Kraken app showed customers a vague “something went wrong” screen, and customers reported similar issues with trades not completing and stop-losses not triggering. Robinhood users also reported the app freezing, and attempted trades not going through. Other exchanges including OKX, Bitget, and MEXC had intermittent outages, delayed trades, or inaccurate price information.

    Some have accused centralized exchanges of minimizing their own losses at their customers’ expense by intentionally halting trading or withdrawals under the guise of “technical difficulties”. Indeed, it is suspiciously common for supposedly highly sophisticated centralized exchanges to suddenly experience glitches or announce urgent “maintenance” under far less volatile circumstances. Kris Marszalek, founder of the Crypto.com centralized exchange, was among the most prominent to repeat this allegation, tweeting that regulators should investigate rival exchanges to determine if any “slow[ed] down to a halt, effectively not allowing people to trade”.6

    Alt...Some have accused centralized exchanges of minimizing their own losses at their customers’ expense by intentionally halting trading or withdrawals under the guise of “technical difficulties”. Indeed, it is suspiciously common for supposedly highly sophisticated centralized exchanges to suddenly experience glitches or announce urgent “maintenance” under far less volatile circumstances. Kris Marszalek, founder of the Crypto.com centralized exchange, was among the most prominent to repeat this allegation, tweeting that regulators should investigate rival exchanges to determine if any “slow[ed] down to a halt, effectively not allowing people to trade”.6

      [?]Molly White » 🌐
      @molly0xfff@hachyderm.io

      Newsletter: Anatomy of a crypto meltdown

      October 2025 brought the most dramatic crypto flash crash of all time, but it was only a dress rehearsal for the systemic crisis the industry is building toward.

      citationneeded.news/anatomy-of

        Luka Rubinjoni boosted

        [?]Molly White » 🌐
        @molly0xfff@hachyderm.io

        Crypto’s October 10 flash crash, following a Trump social media post threatening severe tariffs on China, caused $19 billion in liquidations. It’s a signal that the market most eager to be taken seriously may also be the one least equipped to handle real-world shocks.

        At 4:50 pm on October 10, when traditional markets were closed, Donald Trump launched a new salvo in the simmering US–China trade war. Likely referring to China’s dramatically expanded restrictions on the rare earth minerals it almost singlehandedly controls, Trump posted that he would retaliate with an imminent 100% tariff increase on the country and new export controls on software. The timing muted the announcement’s impact on US equities markets and left Asian markets largely untouched,1 but crypto absorbed the full shock of the Trump-induced panic. The episode compressed a global liquidity crisis into less than an hour — a sign that the market most eager to be taken seriously may also be the one least equipped to handle real-world shocks.

        Alt...At 4:50 pm on October 10, when traditional markets were closed, Donald Trump launched a new salvo in the simmering US–China trade war. Likely referring to China’s dramatically expanded restrictions on the rare earth minerals it almost singlehandedly controls, Trump posted that he would retaliate with an imminent 100% tariff increase on the country and new export controls on software. The timing muted the announcement’s impact on US equities markets and left Asian markets largely untouched,1 but crypto absorbed the full shock of the Trump-induced panic. The episode compressed a global liquidity crisis into less than an hour — a sign that the market most eager to be taken seriously may also be the one least equipped to handle real-world shocks.

        Bitcoin shed more than $10,000 in a matter of minutes, with the flash crash wiping out at least 10%a of its value instantly and pushing prices 15% below their morning levels. Traders holding $19 billion in leveraged positions were liquidated in a blink, and complaints erupted on social media as crypto platform glitches exacerbated losses. The worst of the chaos was over quickly, and Trump’s Sunday retreat from his bold threats made only days prior helped to further stabilize jumpy markets — though bitcoin continues to trade down about 13% below its price from that morning, and 16% below its all-time high set only the prior Monday. But the October 10 panic gave a valuable reminder of the frightening speed at which crypto markets can unravel, and a dire warning for a future scenario in which crypto is further integrated into traditional finance.

        Alt...Bitcoin shed more than $10,000 in a matter of minutes, with the flash crash wiping out at least 10%a of its value instantly and pushing prices 15% below their morning levels. Traders holding $19 billion in leveraged positions were liquidated in a blink, and complaints erupted on social media as crypto platform glitches exacerbated losses. The worst of the chaos was over quickly, and Trump’s Sunday retreat from his bold threats made only days prior helped to further stabilize jumpy markets — though bitcoin continues to trade down about 13% below its price from that morning, and 16% below its all-time high set only the prior Monday. But the October 10 panic gave a valuable reminder of the frightening speed at which crypto markets can unravel, and a dire warning for a future scenario in which crypto is further integrated into traditional finance.

          [?]Toni Aittoniemi » 🌐
          @gimulnautti@mastodon.green

          What kind of people use Bitcoin?

          The kind that join ICE to point guns at people.

          Nice ad there, on the helmet.

          Contemporary Gestapo, sponsored by crypto.

            1 ★ 2 ↺
            oheso boosted

            [?]OCTADE » 🌐
            @octade@soc.octade.net

            CRYPTOGRAPHY GROUP

            [for your address book]

            https://soc.octade.net/cryptography/

            A Fediverse group for sharing and discussing , and and related applications and .


            Artistic image of a sheet of paper with binary ones and zeroes and a reddish padlock in the upper right-hand corner..

            Alt...Artistic image of a sheet of paper with binary ones and zeroes and a reddish padlock in the upper right-hand corner..

              6 ★ 9 ↺
              bituur esztreym boosted

              [?]OCTADE » 🌐
              @octade@soc.octade.net

              @papers@soc.octade.net

              Hexlish Alphabet for English, Constructed Languages and Cryptography: Automatic, Structural Compression with a Phonetic Hexadecimal Alphabet

              DOI : https://doi.org/10.5281/zenodo.13139469

              Hexlish is a legible, sixteen-letter alphabet for writing the English language and for encoding text as legible base 16 or compressed binary. Texts composed using the alphabet are automatically compressed by exactly fifty percent when converted from Hexlish characters into binary characters. Although technically lossy, this syntactic compression enables recovery of the correct English letters via syntactic reconstruction. The implementer can predict the size of the compressed binary file and the size of the text that will result from decompression. Generally it is intuitive to recognize English alphabet analogues to Hexlish words. This makes Hexlish a legible alternative to the standard hexadecimal alphabet.


              Hexlish Alphabet logo. The word HEXLISH in rainbow colors on a black background with a hexagonal dot above the letter I. Beneat the logo in yellow reads the phrase, "English Text Compression & Encoding."

              Alt...Hexlish Alphabet logo. The word HEXLISH in rainbow colors on a black background with a hexagonal dot above the letter I. Beneat the logo in yellow reads the phrase, "English Text Compression & Encoding."

                [?]ᴮᵉⁿ ᴿᵒʸᶜᵉVOTE IN THE PRIMARIES » 🌐
                @benroyce@mastodon.social

                @Setok @troed @AeonCypher @gerrymcgovern

                ok, reasoned argument for you:

                was an interesting experiment but the energy waste shows it to be a dead end. nevertheless casino playing degenerates endlessly hype it with various airhead flimsy cult talking points so "number go up" and that is now all that bitcoin is

                reasonable enough for you?

                fuck bitcoin

                fuck mind numbing sales pitches

                fuck off to all the shills and their endless dreary prattle

                we despise it

                  [?]Emeritus Prof Christopher May » 🌐
                  @ChrisMayLA6@zirk.us

                  So Rachel Reeves & her advisors thinks the UK is being left behind in cryptocurrencies (that they seek to dignify as 'digital assets'), leading to a outline agreement to align regulatory oversight (or lack therefor) of cypto, with the intent of gaining better access to US financial markets' investment potential.

                  I said that Reeves had been drinking the Kool Aid but this is just madness.... acquiescing to US demands around Crypto is colluding with criminals & gamblers!


                  h/t FT

                    HistoPol (#HP) 🏴 🇺🇸 🏴 boosted

                    [?]HistoPol (#HP) 🏴 🇺🇸 🏴 » 🌐
                    @HistoPol@mastodon.social

                    , und haben Recht:
                    Die braucht keine künftige durch

                    Von .com

                    europesays.com/de/424557/

                    *Frankreich droht mit Blockade des ,,Passportings“ von Krypto-Lizenzen im EU-Regulierungsstreit*

                    "...AUFSICHTSLÜCKEN LÖSEN ALARMSIGNAL AUS

                    Im Kern geht es um die Aufsicht über die Multi-Billionen-Dollar-Kryptoindustrie, vor deren Risiken Regulierer weltweit seit Langem...

                    [?]Paul Schoe » 🌐
                    @paulschoe@mastodon.world

                    Today in Day 232, the valuable overview by Kirsten .

                    Of course, Trump says that domestic violence is not a crime.

                    All activities that he has either been accused of or convicted of appear eventually on the list of:
                    a) no longer being a crime
                    b) perpetrators being released.

                    This goes from domestic to scams to acts by landlords and company owners to convicted and customers.

                    @locuta

                      [?]xyhhx 🔻 [they/them/../../../etc/shadow] » 🌐
                      @xyhhx@nso.group

                      ... what exactly is this? is it just a server with some libraries installed? does the hardware offer something to enable post quantum crypto? useless product page ong

                      puri.sm/products/librem-pqc-co

                        J. R. DePriest :verified_trans: :donor: :Moopsy: :EA DATA. SF: boosted

                        [?]Guillotine Jones, Flâneur » 🌐
                        @Guillotine_Jones@beige.party

                        Did YOU have economic good news to crow about over the Labor Day weekend?
                        No?
                        Well, Trump did:
                        "Trump did get some excellent economic news today, though it applies only to him and his family. The Trumps collectively made about $5 billion on Monday after their new crypto venture, World Liberty Financial, opened trading of a new digital currency. The staggering payday makes Trump’s crypto business his most valuable asset, eclipsing his real estate holdings. He has now made more personal profit while in office than any other president in history — by far."
                        --Dan Rather
                        steady.substack.com/p/pain-in-

                          [?]Aaron Toponce ⚛️:debian: » 🌐
                          @atoponce@fosstodon.org

                          Here's the documentation on the wiki about key files:

                          wiki.archlinux.org/title/Dm-cr

                            [?]Aaron Toponce ⚛️:debian: » 🌐
                            @atoponce@fosstodon.org

                            Today I learned that supports key files in addition to passphrases.

                            I guess I need to update my key file generator page and make it more generic.

                            atoponce.github.io/keepass-fil

                              [?]#FreeSchool <---> Hashtag » 🌐
                              @freeschool@qoto.org

                              If you like and dislike everything else that attempts something similar ( / included)

                              then I question what the point of life is with that sort of devil and not trying to think about lesser ones.

                              While accepting we're inside this or that container - all are burning the planet, "naturally" or more excessively depending on your priority ladder...

                                1 ★ 4 ↺

                                [?]OCTADE » 🌐
                                @octade@soc.octade.net

                                Uncageable

                                From the light of freedom to a concrete tomb,
                                The fall was great and swift.
                                My soul cried out in a mighty boom,
                                How could it come to this?

                                Clamped down, trapped stuck,
                                Paralyzed in a tiny cage.
                                Had fate left me not a drop of luck?
                                Was there reason for this rage?

                                Told to lay down and die,
                                Something deep inside me stirred.
                                I can’t be caged I have to fly!
                                Not yet am I interred.

                                They can take my body, tie me down,
                                It matters not a bit.
                                My spirit still runs wild and free,
                                So in freedom here I sit.

                                ~ Ross Ulbricht
                                Apr 30, 2024

                                It seems his artistic vision finally became reality.

                                sources

                                https://freeross.org/uncageable/

                                https://rossulbricht.substack.com/p/uncageable-poem-and-drawing

                                @poetry@a.gup.pe @poets@a.gup.pe @writers@a.gup.pe @infostorm@a.gup.pe

                                Hand drawn image of a man interred in prison. He is kneeling in his cell between the bunk and desk cabinet, envisioning a scene above his head of a couple holding hands and giving thanks over food and a crowd seated together and a couple in the distance holding hands.

                                Alt...Hand drawn image of a man interred in prison. He is kneeling in his cell between the bunk and desk cabinet, envisioning a scene above his head of a couple holding hands and giving thanks over food and a crowd seated together and a couple in the distance holding hands.

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