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Liquidation

Liquidation occurs when a trader’s collateral is no longer sufficient to cover their leveraged position’s losses, triggering an automated forced closure by the exchange's liquidation engine. It is a critical risk-management mechanism that ensures the solvency of lending protocols and derivative platforms. In 2026, the focus has moved toward MEV-resistant liquidation models that protect users from predatory "cascades." This tag provides essential information on maintenance margins, health factors, and how to avoid liquidation in high-volatility environments.

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Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
California’s SB 822 May Protect Unclaimed Bitcoin by Requiring Crypto Stay in Native Form

California’s SB 822 May Protect Unclaimed Bitcoin by Requiring Crypto Stay in Native Form

The post California’s SB 822 May Protect Unclaimed Bitcoin by Requiring Crypto Stay in Native Form appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → California’s new law, Senate Bill 822, protects unclaimed crypto by requiring custodians to transfer digital financial assets to the State Controller in their original form rather than liquidating them, preserving owners’ private keys and creating a clear escheatment timeline and claimant process. SB 822 prevents forced liquidation of unclaimed crypto and mandates transfer of the exact asset type and keys. Holders must notify apparent owners 6–12 months before reporting and transfer assets to licensed custodians within 30 days of reporting. Controller may convert unclaimed crypto to fiat 18–20 months after filing; valid claimants receive either assets or proceeds. Unclaimed crypto: California’s SB 822 protects dormant digital assets from forced liquidation, preserves private keys, and sets clear escheatment rules—learn how to reclaim assets. What is California’s unclaimed crypto law? California’s unclaimed crypto law, enacted as Senate Bill 822, extends the state’s Unclaimed Property Law to digital financial assets. The statute treats Bitcoin, Ethereum, and other crypto as intangible property, requires owner notification, and mandates transfer of unliquidated assets and private keys to a licensed custodian rather than forced conversion to…

Author: BitcoinEthereumNews

2025/10/14

Both are stablecoins de-anchored, why did USDe survive while LUNA went to zero?

Both are stablecoins de-anchored, why did USDe survive while LUNA went to zero?

Author: MSX Research Institute The intersection of the October 2025 unmooring event and Hayek's predictions On October 11, 2025, panic in the crypto market caused an extreme shock to the synthetic stablecoin USDe. Amidst Bitcoin's epic crash, which saw it plummet from $117,000 to $105,900 (a 13.2% drop in a single day) and Ethereum's 16% drop in a single day, USDe briefly dipped to approximately $0.65 (a 34% drop from $1) during trading on October 11, 2025, before recovering within hours. During the same period, global crypto market liquidations soared to $19.358 billion over a 24-hour period, forcing 1.66 million traders to close their positions, setting a record for the largest single-day liquidation in history. From the perspective of micro-market performance, the depth of the USDe-USDT liquidity pool on the decentralized exchange Uniswap was only US$3.2 million at the peak of the incident, a decrease of 89% from before the incident. As a result, a sell order of 100,000 USDe suffered a 25% discount due to slippage (the pending order was US$0.7, and the actual transaction price was US$0.62). At the same time, the six leading market makers faced the risk of liquidation due to a 40% reduction in margin value due to the use of USDe as cross-margin, further exacerbating the market liquidity black hole. However, this "crisis" saw a key reversal within 24 hours: the price of USDe gradually rebounded to $0.98, and the third-party reserve certificate disclosed by Ethena Labs showed that its collateral ratio remained above 120%, with over-collateralization reaching $66 million; more importantly, the user redemption function was always normal, and assets such as ETH and BTC in the collateral could be cashed at any time. This feature became the core support for the restoration of market confidence. The Maitong MSX Research Institute believes that this "plunge-recovery" curve is in sharp contrast to the ending of LUNA-UST returning to zero after decoupling in 2022, and also makes this event go beyond the scope of ordinary "stablecoin fluctuations" - it has become the first extreme stress test of Hayek's "Denationalization of Money" theory in the digital age. In 1976, Hayek argued in "The Denationalization of Money" that "money, like other commodities, is best provided by private issuers through competition, rather than by a government monopoly." He believed that government monopoly over currency issuance "is the root of all the ills of the monetary system," and that the greatest problem with the monopoly mechanism is that it hinders the process of discovering a superior form of money. Under his envisioned competitive framework, privately issued currencies must maintain stable purchasing power, otherwise they will be eliminated from the market due to a loss of public trust; therefore, competitive currency issuers "have a strong incentive to limit their quantity or lose business." Half a century later, the emergence of the USDe embodies the contemporary expression of this philosophy. It relies not on sovereign fiat currency reserves but on crypto-market consensus assets for its value, maintaining stability through derivatives hedging. Its credibility and circulation are entirely dependent on market selection and technical transparency. Regardless of the outcome of the unpegging and recovery in October 2025, the implementation of this mechanism can be seen as a real-world experiment in Hayek's "competition to discover the superior currency"—it not only validates the potential self-regulating power of the market in monetary stability, but also reveals the institutional resilience and evolutionary direction of digital private currencies in complex environments. USDe's mechanism innovation USDe's "collateral-hedge-return" trinity structure is permeated with the logic of market self-regulation in each link, rather than the mandatory constraints of centralized design. This is highly consistent with Hayek's emphasis on "market order stems from individual spontaneous action." Collateral system: the value foundation for building market consensus USDe's collateral selection fully adheres to the consensus of crypto market liquidity. ETH and BTC together account for over 60% of the total. These two assets are not designated by any institution, but have been recognized by global investors as "hard assets of the digital world" through over a decade of trading. Supporting liquidity staking derivatives (such as WBETH and BNSOL) are also products of the market's spontaneous emergence to improve capital efficiency, preserving staking returns without sacrificing liquidity. USDT/USDC, which accounts for 10% of the total collateral, is a market-selected "transitional stabilization tool," providing a buffer for USDe during extreme market conditions. The entire mortgage system always maintains an excess state. When the incident occurred in October 2025, the mortgage ratio was still over 120%, and it was valued and automatically liquidated in real time by smart contracts. Stabilization Mechanism: Spontaneous Hedging in the Derivatives Market The core difference between USDe and traditional fiat-collateralized stablecoins is that it doesn't rely on fiat reserves backed by national credit, but instead hedges risk through short positions in the derivatives market. This design leverages the liquidity of the global crypto derivatives market, allowing the market to absorb price fluctuations. When the price of ETH rises, profits from spot assets offset losses from short positions; when the price of ETH falls, profits from short positions offset losses from spot assets. This entire process is driven entirely by market price signals, without the intervention of any centralized institution. When ETH plummeted 16% in October 2025, this hedging mechanism experienced a brief lag due to the sudden depletion of liquidity, but it did not fail - the short position held by Ethena Labs eventually generated $120 million in unrealized profits. These profits did not come from administrative subsidies, but from voluntary transactions between long and short parties in the derivatives market. Revenue Mechanism: Spontaneous Incentives to Attract Market Participation USDe's "staking income + revolving lending" model is not the "rigid redemption with high interest" of traditional finance, but rather a reasonable compensation for the risks borne by market participants. The basic 12% annualized subsidy comes from the ecosystem's voluntary investment in increasing the circulation of currency. The mechanism, which increases leverage to 3-6x through revolving lending and yields annualized returns of 40%-50%, essentially allows users to choose their own risk-reward balance. Those willing to bear higher leverage risks will receive higher returns, while those with a lower risk appetite can opt for basic staking. Comparison of three types of stablecoin mechanisms: the distinction between market choice and administrative intervention The truth of the market test: Why USDe can draw a clear line between itself and LUNA-UST The unpegging event in October 2025 is often misunderstood as the "similar risk exposure" of USDe and LUNA-UST, but from the perspective of the Austrian School, the essential differences between the two were fully highlighted in this test - USDe's recovery was the success of "non-nationalized currency withstanding the market test", while the collapse of LUNA-UST was the inevitable outcome of "pseudo-innovation that is divorced from real assets." The essential difference in value anchors: real assets vs. false expectations USDe's value anchor is real assets such as ETH and BTC that can be redeemed at any time. Even in extreme market conditions, users can still obtain equivalent crypto assets through the redemption mechanism. During the depegging period in October 2025, USDe's redemption function always operated normally, and third-party reserve certificates showed that the over-collateralization reached 66 million US dollars. This "redeemable value commitment" is the foundation of market confidence. LUNA-UST, however, lacks any real asset backing; its value depends entirely on user expectations of LUNA's price. When market panic erupts, UST's redemption mechanism must be met through the issuance of additional LUNA. However, this unlimited issuance of LUNA ultimately loses its value, leading to the collapse of the entire system. This "asset-free currency" violates Hayek's principle from the outset that "money must have a real value basis," and its collapse is inevitable. Logical differences in crisis response: spontaneous market recovery vs. ineffective administrative intervention USDe's response after depegging completely complies with market logic: Ethena Labs did not issue an "administrative order-style rescue plan", but instead sent a signal of "transparent mechanism and safe assets" to the market through public reserve proof, optimized collateral structure (reducing the proportion of liquidity pledged derivatives from 25% to 15%), and limited leverage multiples, ultimately relying on users' spontaneous trust to achieve price repair. LUNA-UST's response to the crisis was a typical example of "administrative intervention failure": Luna Foundation Guard attempted to save the market by selling off its Bitcoin reserves, but this centralized operation was unable to counter the market's spontaneous sell-off - Bitcoin itself also fell in extreme market conditions, and the reserve assets were highly correlated with UST risks, and ultimately the rescue failed. Differences in long-term vitality: market adaptability vs. institutional fragility After de-anchoring, USDe not only restored its price, but also improved its long-term adaptability through mechanism optimization: limiting the leverage of circular lending to 2 times, introducing compliant treasury bond assets (USDtb) to enhance collateral stability, and dispersing hedging positions across exchanges - these adjustments did not come from administrative orders, but were spontaneous responses to market feedback, making the mechanism more in line with the market law of "risk and return matching." LUNA-UST lacked market adaptability from the outset: its core Anchor protocol, offering a high 20% interest rate, relied on continuous subsidies from ecosystem funds, rather than actual payment needs (actual payment scenarios for UST account for less than 5%). When subsidies became unsustainable, the funding chain ruptured, and the entire system collapsed instantly. This model, relying on unsustainable administrative subsidies, was doomed to fail in the long term in the competitive market. Mechanism Flaws and Critical Reflection: The Growth Dilemma of Non-nationalized Currency The innovative value of USDe is undeniable, but during the stress test in October 2025 and its daily operation, its mechanism design still deviated from Hayek's concept of "complete market self-regulation", exposing potential risks that need to be vigilant. These flaws are not inherent defects that cannot be corrected, but are obstacles that must be overcome in its evolution towards a mature non-nationalized currency. Collateral Concentration Risk: Systemic Binding of Cryptoasset Cycles Over 60% of USDe's collateral is concentrated in ETH and BTC. While this aligns with the current consensus on crypto market liquidity, it suffers from the dilemma of being "bound to a single market cycle." The October 2025 depegging was essentially a chain reaction triggered by a unilateral decline in the crypto market. When ETH plummeted 16% in a single day, the instantaneous decline in the collateral's market value still triggered market panic, even with derivatives hedging. Of even greater concern is the fact that current liquidity-collateralized derivatives (such as WBETH) remain embedded within the Ethereum ecosystem. Essentially, they are "secondary derivatives of crypto assets," failing to achieve true risk diversification. This "internal circulation of crypto assets" collateral structure remains fragile compared to the logic of traditional currencies, which rely on the value of the real economy. Limitations of Hedging Mechanisms: Implicit Dependence on Centralized Exchanges USDe's derivatives hedging is highly dependent on the liquidity of leading centralized exchanges. The brief delay in the hedging mechanism in October 2025 was due to a liquidity gap caused by the suspension of perpetual swap trading on a leading exchange. Currently, approximately 70% of USDe's short positions are concentrated on just two exchanges, making it difficult for it to completely break free from its passive acceptance of centralized platform rules. Furthermore, the dramatic fluctuations in funding rates expose the limited nature of hedging tools. USDe currently relies solely on perpetual swaps for risk hedging, lacking a portfolio of diverse instruments like options and futures. This makes it difficult to quickly adjust hedging strategies when there is an extreme imbalance between long and short positions. This demonstrates that its mechanism design still fails to fully leverage the market's ability to price diverse risks. RWA anchor upgrade: the advanced path of non-nationalized currency In light of the flaws in the existing mechanism, integrating RWA assets like gold tokens and US stock tokens to optimize the anchoring system is not only a precise correction to USDe's shortcomings, but also an inevitable choice in line with the explosive growth trend of the RWA market (expected to reach $26.4 billion in 2025, a year-on-year increase of 113%). This upgrade does not deviate from the core principle of denationalization, but rather, by connecting with the value of the real economy, it makes Hayek's ideas more resilient in the digital age. The underlying logic of RWA anchoring Currency value should be derived from real assets with broad market consensus. RWA assets possess this property. Gold, as a millennial hard currency, has a value consensus that transcends countries and eras. US stock tokens correspond to the real economic returns of listed companies, anchored by the company's ability to create value. Treasury bond tokens rely on the tax revenue capacity of sovereign states, providing a low-volatility value benchmark. The value of these assets is not dependent on crypto market cycles, but rather on real-world production and transactions, providing a "cross-market value cushion" for the US De. The BUIDL token (anchored to assets such as U.S. Treasury bonds) launched by BlackRock in 2024 has verified the feasibility of RWA anchoring. Its core difference from USDe is that BUIDL relies on centralized institutions for issuance, while USDe can achieve decentralized ownership and valuation of RWA assets through smart contracts, truly practicing the logic of "market spontaneous management." Adaptation and allocation strategy for diversified RWA assets USDe's RWA anchor upgrade should follow the principle of "market consensus first, risk diversification and adaptation". Combined with the current maturity of RWA tokenization, a three-layer configuration system of "core-auxiliary-elasticity" can be constructed, as shown in the following table: This configuration could reduce USDe's crypto-asset collateralization from the current 80% to 40%-50%, preserving the liquidity advantages of the crypto market while diversifying risk across markets through RWA assets. For example, gold tokens have a price correlation of only 0.2 with ETH, providing a valuable anchor during crypto market declines and preventing the panic sell-off seen in October 2025. Re-enlightenment of the Austrian School: The Evolutionary Logic from Innovation to Maturity USDe's flaws and RWA upgrade path further confirm the profound meaning of Hayek's "Denationalization of Money": Denationalized currency is not a static mechanism design, but a dynamic market evolution process. Only through continuous self-correction and innovation can it win in the currency competition. The evolution of value foundation: from single market consensus to cross-domain value anchoring USDe's current crypto-asset collateralization represents a "primary form" of non-state-owned currency in the digital age—its value consensus is limited to crypto market participants. The integration of RWA assets essentially expands this value consensus to traditional finance and the real economy, upgrading USDe's value foundation from "digital consensus" to "cross-domain real value." This evolution fully aligns with Hayek's advocacy that "the value of money should derive from the broadest market trust." When USDe is anchored to multiple assets such as crypto, gold, and US stocks, its ability to withstand the risks of a single market will be significantly enhanced, truly becoming a "value carrier that transcends sovereignty and a single market." Improvement of regulatory mechanisms: from a single tool to multi-market coordination The current USDe hedging mechanism relies on a single derivatives market, reflecting the "inadequate utilization of market instruments." Hayek's emphasis on "market self-healing" should be based on the synergy of multiple markets. The integration of RWA assets not only enriches the collateral pool but also creates the potential for synergistic hedging across the "crypto derivatives market + traditional financial market." For example, the volatility of US stock tokens can be hedged through traditional stock options, while gold tokens can be linked to forward contracts in the London gold market. This cross-market synergy makes the hedging mechanism more resilient and avoids reliance on the liquidity of a single market. Conclusion: From innovation benchmark to evolutionary model The market test of October 2025 not only validated the USDe's value as a benchmark for non-state-owned currency innovation, but also revealed its inevitable path from "primary innovation" to "mature currency." Its fundamental difference from LUNA-UST lies in its real value support and market regulation capabilities; its current institutional flaws are the inevitable cost of growth in the innovation process. The MSX Research Institute believes that the upgrade strategy of incorporating RWA assets such as gold tokens and US stock tokens provides a clear evolutionary direction for USDe - this is not a negation of existing innovations, but a deepening and improvement guided by Hayek's ideas. For market participants, the evolution of the USDe offers a profound lesson: the core competitiveness of non-state-owned currencies lies not only in their courage to break the monopoly of sovereign power, but also in their ability to continuously self-correct. Their value is judged not only by their short-term stable performance, but also by their long-term resilience in connecting to real value and adapting to market evolution. Once the USDe completes its RWA upgrade, it will no longer be merely an innovative experiment in the crypto market, but a truly cross-domain value carrier with the potential to challenge the traditional monetary system.

Author: PANews

2025/10/14

Bitcoin Dominates Fund Flows With $2.67B Influx, But Still Trails 2024’s Peak

Bitcoin Dominates Fund Flows With $2.67B Influx, But Still Trails 2024’s Peak

Hype around Solana and XRP ETFs appears to have cooled, with inflows tapering to $93.3 million and $61.6 million as traders reassess the market.

Author: CryptoPotato

2025/10/14

The total BTC short position of the "BTC ancient whale who high-profiled ETH swap" reached 492 million US dollars

The total BTC short position of the "BTC ancient whale who high-profiled ETH swap" reached 492 million US dollars

PANews reported on October 14 that according to monitoring by on-chain analyst @ai_9684xtpa, the "ancient BTC whale who high-profiled ETH swap" has just added another 908 BTC. The total short position currently reaches 4348.74 BTC (US$492 million), with an opening price of US$115,308.4 and a liquidation price of US$124,416.2, with a floating profit of US$8.94 million.

Author: PANews

2025/10/14

Bitcoin (BTC) Faces Major Deleveraging as Market Resets

Bitcoin (BTC) Faces Major Deleveraging as Market Resets

The post Bitcoin (BTC) Faces Major Deleveraging as Market Resets appeared on BitcoinEthereumNews.com. Timothy Morano Oct 13, 2025 16:06 The crypto market experienced a significant deleveraging event, with over $19 billion in open interest wiped out, signaling a reset in Bitcoin (BTC) market positioning. The cryptocurrency market has undergone one of its most severe deleveraging events, according to Glassnode. Over $19 billion in open interest was eradicated, and futures funding rates collapsed to levels reminiscent of the 2022 bear market. This rapid unwinding of leverage led to widespread liquidations and a sharp adjustment in market positioning. Market Overview Momentum indicators, such as the Relative Strength Index (RSI) and spot Cumulative Volume Delta (CVD), indicate a significant shift as buying pressure diminished, and aggressive selling took over short-term transactions. The contraction in futures open interest reflects a broad reduction in risk across the derivatives markets. Meanwhile, realized profit-loss metrics suggest a period of loss realization and cooling market sentiment. Despite the intensity of the deleveraging, the broader market structure remains intact. Spot trading volumes are still high, ETF inflows continue unabated, and entity-adjusted transfer volumes indicate strong on-chain activity. These dynamics imply that while leveraged traders were forced out, structural capital and institutional demand persist beneath the surface. Options and On-Chain Metrics In the options market, open interest saw an uptick as traders adjusted around new volatility regimes. A modest rise in skew suggests a renewed demand for downside protection. On-chain metrics reflect this normalization, with profitability ratios easing from euphoric levels but still indicating a market largely held by profitable participants. The deleveraging marks a significant yet necessary reset for the Bitcoin market. Excess leverage has been purged, speculative positions have been reduced, and short-term sentiment has been recalibrated. As liquidity and broader market participation remain stable, the market now enters a consolidation phase characterized…

Author: BitcoinEthereumNews

2025/10/14

Bittensor (TAO) Explained: A Trillion-Dollar Market Opportunity

Bittensor (TAO) Explained: A Trillion-Dollar Market Opportunity

Author: hitesh.eth , Crypto KOL Compiled by Felix, PANews This article delves into Bittensor, explaining why it is not a decentralized OpenAI, but rather a decentralized AI economy; it also explains how dTAO reshapes incentive mechanism design, how subnet economies work, and why TAO represents a cultural resistance to centralized AI. What changed after dTAO? Many may be wondering what Bittensor is trying to achieve. Is it trying to create a decentralized OpenAI, or is there something deeper at play? In fact, the crypto community generally believed that it could be a decentralized OpenAI, but confusion arose when it removed subnet restrictions and introduced the dTAO (which also involved subnet tokens) to make it more competitive. This shift was crucial because it shifted the network's reward distribution from centralized voting by a small number of validators to a fully market-driven system. The introduction of dynamic TAOs (dTAOs) fundamentally changed the ecosystem's operating mechanisms. The allocation of daily TAO issuance shifted entirely from the root validator (Subnet 0, which critics called an oligarchic voting system) to the market price of each subnet's alpha token. Each mining subnet received its own alpha (α) token and its own automated market maker (AMM) pool. This enabled each subnet to develop an independent, capital-driven economy. Staking shifted from delegating TAOs to a single validator (Subnet 0 staking) to purchasing and staking subnet-specific alpha tokens (α). Stakers now bear market risk but can directly influence resource allocation. The previously rigid 50/50 reward split between miners and validators evolved to the current 41/41/18 split to better fund subnet owners (18%) and encourage continued innovation in the subnet's core incentive mechanisms. Grand Vision Today, Bittensor competes with centralized AI development and distribution platforms, providing developers with the infrastructure to build diverse AI use cases across various industries. This is crucial to understanding Bittensor's total addressable market (TAM). While companies like OpenAI compete in the multi-billion dollar immediate market, selling finished AI products like subscriptions or API access, Bittensor targets the multi-trillion dollar market for the entire AI value chain—including computing infrastructure, data validation, model training, and the peer-reviewed intelligence layer. If successful, Bittensor, as the foundational, permissionless platform for all decentralized AI, will have a TAM far exceeding that of any single proprietary AI company. Bittensor is developing and deploying diverse AI models, building a coordination engine for a distributed and decentralized AI ecosystem while simultaneously incentivizing the provision of funding and computing resources to achieve the highest levels of quality, efficiency, and trust in outcomes across decentralized AI projects for diverse use cases. This is more like building a decentralized AI value chain in which anyone can participate with capital, knowledge, and computing power. Bittensor is for everyone, not just the 0.000001% of the world who can participate in OpenAI. Bittensor's overall vision is to build a neural internet. Over the past four years, Bittensor has built a loyal community that brings together top VCs like DCG, crypto researchers like Sami Kasab, and many talented people who work every day to advance this vision. They create content, do podcasts, develop products, and are starting a movement. Bittensor has also built a subnet ecosystem, with approximately 126 subnets currently active. The current cost of a subnet is approximately 1,600 TAOs ($640,000 USD), and this cost is dynamic and will change based on the frequency of new subnet registrations. After a few months of suspension, new subnet registrations are now open again. Grayscale, founded in 2013 by Barry Silbert, one of the earliest Bitcoin pioneers, aimed to attract institutional investors to Bitcoin. Now, Grayscale is creating a similar fund for subnet tokens. The fund, called the Yuma Subnet Composite Fund, will invest in the top subnet tokens by market capitalization. Subnet Tokens Subnet tokens are currently one of the most overlooked assets on crypto Twitter. 99% of users are completely unaware of this space. The core concept behind subnet token prices is that they are denominated in TAO, rather than simply pegged, and are determined by the liquidity ratio in their automated market maker (AMM) pools. The higher the value of a subnet token relative to TAO, the more it is issued. More issuance attracts more miners to host and run AI models and provide computing resources. Miners compete to optimize the output of subnet models, and better results lead to higher prices. More precisely, better service attracts more staking demand, which drives up prices, ensuring the overall output quality of AI models used in different subnets for different use cases. Validators ensure that miners maintain quality. Their job is to verify the miners' work and assign a score to it. Based on this score, the miners receive issuance from the subnet. Approximately 7,200 TAOs are issued daily, and this number will be halved over the next two months, with the first Bittensor halving event in December. This means there's currently intense competition within the mining ecosystem for the highest returns. Most miners will stick to mining on the best-performing subnets, and if they mine on top subnets, the price of those subnet tokens will rise accordingly. Increased mining demand driven by high issuance always leads to higher subnet token prices. Initial demand for mining on a subnet often comes from speculation about the use case it's building, the team behind it, its track record, and the backing of a major corporation. Currently, the top subnet tokens with the highest issuance volume include Chutes, Ridges, and Gradient. Some of these subnets are also venture-backed. For example, Gradient is building the AI Trains platform. It was built by Rayon Labs, which also operates Chutes, the leading subnet by issuance volume. Many of these subnets are collaborating with each other to exchange services. For example, Ridges is a Chutes client; Sportstensor is building AI models for sports betting and prediction; and there are subnets like OpenKaito, which powers Kaito's InfoFi Pioneer. Taofi is also part of Bittensor. They have launched a DEX that allows you to easily bridge and exchange subnet tokens from the Base network. Trust TAO If you're asking which subnet tokens will attract demand, you need to track the growth of the subnet token's price relative to TAO. The more growth you see over different timeframes, the higher the demand. Then, you need to look at the ADR (alpha distribution ratio). It should be less than 1, as token withdrawals are now permitted. The worst-performing subnets are withdrawn weekly. If the ADR ratio is above 1, the community may lose a portion of the value of the TAO collateral staked to acquire that token due to the liquidation discount upon withdrawal. You can also track staking pools for different subnets. The more TAO is staked to acquire subnet tokens, the more likely the price will rise. Therefore, the value of subnet tokens depends largely on how long they can maintain high issuance. If they maintain high issuance and the businesses surrounding the subnet generate revenue from the services and products they provide, the price of the subnet token is likely to continue to rise. The overall market capitalization growth surrounding the subnet will directly drive TAO price increases. However, it's recommended to stay away from things you don't understand. Subnet tokens aren't like your average altcoin or junk coin. They require a deeper logical understanding, so if you believe in their vision, invest in TAO. TAO isn't meant to be traded, but rather a cultural symbol against AI centralization. The question isn’t whether decentralized AI will exist, but who will own it. Bittensor has made its choice, and others will too. Related Reading: Bittensor Subnet Investment Guide: Seizing the Next AI Trend

Author: PANews

2025/10/14

Bitcoin Inflows Could Signal Renewed ETF and Institutional Interest After Flash Crash, Analysts Say

Bitcoin Inflows Could Signal Renewed ETF and Institutional Interest After Flash Crash, Analysts Say

The post Bitcoin Inflows Could Signal Renewed ETF and Institutional Interest After Flash Crash, Analysts Say appeared on BitcoinEthereumNews.com. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process—not noise. 👉 Sign up → Published: 14 October 2025 · Updated: 14 October 2025 · Author: COINOTAG Crypto fund flows stayed resilient this week: spot products saw $2.7 billion into Bitcoin and $338 million into Ether despite a flash crash that produced $159 million of outflows on Friday. Institutional interest and ETF activity continue to shape net inflows and trading volumes. Bitcoin led weekly inflows with $2.7B; YTD inflows total $30.2B. Ether funds recorded $338M net inflows but saw a single-day outflow of $174.83M on 10 October. Weekly trading volumes hit a record $53B, with $15.3B traded on Friday and daily Ether volumes at $4.77B. crypto fund flows: Weekly inflows remain robust despite a flash crash—BTC led with $2.7B. Read COINOTAG analysis and implications for investors. Act now. COINOTAG recommends • Professional traders group 💎 Join a professional trading community Work with senior traders, research‑backed setups, and risk‑first frameworks. 👉 Join the group → COINOTAG recommends • Professional traders group 📊 Transparent performance, real process Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. 👉…

Author: BitcoinEthereumNews

2025/10/14

BlockDAG Leads 2025 with $422M Raised and Explosive Growth

BlockDAG Leads 2025 with $422M Raised and Explosive Growth

The post BlockDAG Leads 2025 with $422M Raised and Explosive Growth appeared on BitcoinEthereumNews.com. Crypto News Looking for the best crypto for higher returns? Discover why BlockDAG’s $422M presale, global partnerships, and proven audits make it 2025’s standout investment far outpacing Pi Coin, Kaspa, and Worldcoin. As investors scan the market for the best crypto for higher returns, the competition among emerging Layer-1 projects is heating up. In 2025, three tokens Pi Coin, Kaspa, and Worldcoin  are battling for relevance, while one project, BlockDAG, has surged ahead, rewriting what’s possible in a presale phase. With over $422 million raised, a verified Testnet, and a high-profile Formula 1® sponsorship, BlockDAG is being hailed as the top contender for exponential gains. From groundbreaking technology to mainstream visibility, BlockDAG’s rapid ascent shows that not all presales are created equal. While legacy networks like Pi Coin and Worldcoin struggle to deliver tangible progress, BDAG’s hybrid architecture and community-driven expansion are setting a new standard. For those seeking the best crypto for higher returns, this could be the defining opportunity before prices skyrocket post-launch. BlockDAG: The $422M Powerhouse Redefining Blockchain Growth BlockDAG has captured global attention by raising over $422 million, securing its place as one of the most successful presales in crypto history. Its current price of $0.0018 offers a rare entry point for investors before its confirmed listing at $0.05. The project’s DAG + Proof-of-Work hybrid architecture ensures lightning-fast scalability and security, a combination that rivals the world’s leading blockchains. Its live Testnet, EVM compatibility, and 4,500+ developers building over 300 dApps reflect real-world adoption, not speculation. Verified by CertiK and Halborn, BlockDAG’s infrastructure has been tested for transparency and safety, a crucial differentiator in a market full of unverified promises. The brand’s multi-year partnership with the BWT Alpine Formula One® Team has also made waves, introducing crypto to millions of F1 fans worldwide. Add 3 million…

Author: BitcoinEthereumNews

2025/10/14

Best Crypto for Higher Returns: Why BlockDAG Is Dominating 2025 as Pi Coin, Kaspa, and Worldcoin Lag Behind

Best Crypto for Higher Returns: Why BlockDAG Is Dominating 2025 as Pi Coin, Kaspa, and Worldcoin Lag Behind

As investors scan the market for the best crypto for higher returns, the competition among emerging Layer-1 projects is heating […] The post Best Crypto for Higher Returns: Why BlockDAG Is Dominating 2025 as Pi Coin, Kaspa, and Worldcoin Lag Behind appeared first on Coindoo.

Author: Coindoo

2025/10/14

The BTC 20x short position of the "BTC ancient whale who high-profiled ETH swap" has grown to $393 million

The BTC 20x short position of the "BTC ancient whale who high-profiled ETH swap" has grown to $393 million

PANews reported on October 14th that on-chain analyst @ai_9684xtpa reported that the "ancient BTC whale who high-profiled ETH swap" has increased its short position by another 440 BTC, bringing its BTC 20x short position to $393 million. The opening price was $115,783, the liquidation price was $128,031, and its unrealized profit was $5.86 million. The current margin utilization rate for this account is 69.33%.

Author: PANews

2025/10/14

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