Weekly Crypto News Round Up

October 20, 2025 by
Weekly Crypto News Round Up
DxTalks, Ibrahim Kazeem

Bitcoin Barely Steadies After $20B leveraged Wipeout

Bitcoin's arduous journey to regain stability after a staggering $20 billion in leveraged positions were liquidated during a sharp market decline is a stark reminder of the cryptocurrency market's volatility. The drop pushed BTC below $105,000 before a mild rebound lifted it closer to $115,000. 

According to market data cited in the report, open interest in Bitcoin futures fell from approximately $94 billion to $70 billion in a single session, marking the steepest decline in two years. Altcoins recorded even deeper losses as leveraged long positions were erased. 

Options activity showed significant concentration around $125,000 and $140,000 strike prices as traders recalibrated exposure. Despite the large selloff, many wallets remained in profit, and ETF inflows persisted, suggesting market fundamentals were not entirely broken.

Why Bitcoin Plunged under $105,000 to Lowest Level since June

Bitcoin fell below $105,000, marking its lowest point since June, after rapid liquidations triggered over $1.18 billion in losses across futures positions, CryptoSlate reported. 

The article stated that the selloff was driven by a combination of macroeconomic uncertainty and excessive leverage, which intensified volatility as market depth failed to absorb cascading orders. Funding rates were elevated ahead of the drop, signaling overcrowded bullish positioning. 

CryptoSlate highlighted that liquidity weakness in altcoin markets contributed to deeper declines across smaller assets. The report added that the market’s short-term stabilization may hinge on reduced leveraged exposure and fresh liquidity rather than immediate buying pressure. The drop caused increased correlation between spot prices and derivatives, indicating synchronized selling across multiple platforms.

Safe Partners with Circle to Promote USDC as Preferred Institutional Stablecoin

 Safe has entered a strategic collaboration with Circle to position USDC as the preferred stablecoin for institutional users on its platform, Cryptopolitan reported. According to the announcement, the partnership includes integrating USDC into Safe’s infrastructure to simplify settlement, treasury management, and compliant on- and off-ramps for enterprise clients.

Safe executives told Cryptopolitan the move responds to rising demand for regulated, fully reserved stablecoins with transparent backing. The integration will include technical, compliance, and operational enhancements to align with institutional standards. 

The article noted that this partnership supports growing use of stablecoins in corporate finance, where efficiency and regulatory clarity are key adoption drivers.

Tether CEO Defends USDT’s Stability Against Comparisons to Depegged Tokens

Tether’s CEO defended the stability and reliability of USDT following market discussions that compared it to tokens that experienced depegging events, Cryptopolitan reported. The executive emphasized that USDT is supported by active liquidity management, strong reserves, and frequent attestations to maintain trust and redemption capability. 

According to statements shared with Cryptopolitan, Tether differentiates itself from lower-liquidity tokens that briefly lost their dollar peg due to insufficient backing or thin market support. The CEO highlighted the role of established liquidity partners in ensuring market stability during high-volume periods. 

The article indicated that Tether’s response aimed to reassure users and institutional partners amid broader scrutiny of stablecoin resilience. 

Bitcoin Core v30.0 rollout Prompts Fork Discussion

The official release of Bitcoin Core version 30.0 has sparked discussions in the community about potential fork risks, underscoring the need for coordinated upgrade efforts. The update, which includes improvements in performance, peer management, and memepool functionality, is aimed at enhancing network efficiency for node operators. 

While the release is designed to remain compatible with previous versions, some contributors debated whether the scope of changes warranted coordinated upgrade efforts to prevent chain splits. Core developers stated that the update is non-disruptive and encouraged node operators to review documentation and conduct standard upgrade testing. 

The article outlined that network-wide adoption of the new version will be essential in ensuring consistent performance and maintaining consensus stability.

CZ Rejects Doubts over BNB’s Resilience

Binance founder Changpeng Zhao's dismissal of skepticism surrounding the resilience of BNB is a significant move in maintaining user confidence during heightened scrutiny of exchange-backed tokens. 

CZ stated that the token remains supported by strong liquidity and ecosystem activity, emphasizing that its utility across Binance’s ecosystem continues to sustain demand. 

According to remarks cited by Cryptopolitan, BNB benefits from active staking, trading volume, and integration with multiple decentralized applications. He argued that price fluctuations are normal in volatile markets and should not be equated with structural weakness. 

The article suggested that CZ’s comments were aimed at maintaining user confidence during heightened scrutiny of exchange-backed tokens.

Russia’s SPB Exchange launches BRICS and Bitcoin futures

Russia’s SPB Exchange has introduced new futures products tied to BRICS performance and Bitcoin, expanding its derivative offerings, Cryptopolitan reported. The BRICS futures are based on a basket reflecting the collective economic performance of BRICS member countries. 

Alongside this, the Bitcoin futures contracts provide regulated access to cryptocurrency exposure for domestic traders. The exchange told Cryptopolitan that the launch aims to increase local liquidity and provide investors with instruments aligned with geopolitical and digital asset trends. 

The move comes as regional financial markets explore alternatives to Western-dominated trading platforms, amid shifting economic alliances.

TRON Grows as Global Settlement Infrastructure in Q3 2025

TRON expanded its presence as a global settlement network during Q3 2025, driven by higher stablecoin transaction volumes and increased institutional usage, CryptoSlate reported. The analysis referenced data from CoinDesk, Nansen, and Particula, showing rising adoption of TRON for cross-border payments, remittances, and high-frequency transfers. 

According to CryptoSlate, payment providers and fintech platforms continued to use TRON’s low-cost, high-throughput infrastructure to facilitate settlement. The report noted that TRON’s role in stablecoin flows grew significantly, particularly for fiat-to-stablecoin conversions and micropayment channels. 

While the article did not include projections, it highlighted TRON’s strengthened position within the settlement ecosystem.

Bitcoin Risks falling below $100,000 Amid U.S.-China Trade Tensions

Bitcoin faces risk of slipping below $100,000 following renewed trade tensions between the United States and China, CryptoSlate reported. The article stated that market reaction to new tariff-related announcements triggered risk-off sentiment, leading to increased selling pressure in crypto markets. 

Analysts cited by CryptoSlate pointed to thin spot liquidity and high leverage levels as potential catalysts for further downside if macro uncertainty persists. The report said key support zones around $100,000 could determine whether the market stabilizes or continues to experience liquidation-driven declines. 

The analysis focused on warning signals rather than making forecasts, noting that price movement remains tied to global economic developments and liquidity conditions.

Weekly Crypto News Round Up
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