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Washington Lottery Powerball, Cash Pop results for Oct. 11, 2025 – Kitsap Sun

The Washington Lottery offers several draw games for those aiming to win big. Here’s a look at Oct. 11, 2025, results for each game:
13-16-18-20-27, Powerball: 10, Power Play: 2
Check Powerball payouts and previous drawings here.
06
Check Cash Pop payouts and previous drawings here.
9-5-6
Check Pick 3 payouts and previous drawings here.
03-04-06-22
Check Match 4 payouts and previous drawings here.
10-14-24-29-39
Check Hit 5 payouts and previous drawings here.
01-07-08-12-24-28-34-35-37-38-43-45-51-52-58-64-65-69-75-76
Check Keno payouts and previous drawings here.
04-08-27-33-41-46
Check Lotto payouts and previous drawings here.
12-22-41-46-56, Powerball: 15
Check Powerball Double Play payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
All Washington Lottery retailers can redeem prizes up to $600. For prizes over $600, winners have the option to submit their claim by mail or in person at one of Washington Lottery’s regional offices.
To claim by mail, complete a winner claim form and the information on the back of the ticket, making sure you have signed it, and mail it to:
Washington Lottery Headquarters
PO Box 43050
Olympia, WA 98504-3050
For in-person claims, visit a Washington Lottery regional office and bring a winning ticket, photo ID, Social Security card and a voided check (optional).
Olympia Headquarters
Everett Regional Office
Federal Way Office
Spokane Department of Imagination
Vancouver Office
Tri-Cities Regional Office
For additional instructions or to download the claim form, visit the Washington Lottery prize claim page.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Washington editor. You can send feedback using this form.

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Best Crypto To Buy Now Before The Next Bull Run – LivLive vs BNB vs Solana – CoinCentral

What if you could find the next big breakout token before the bull run arrives? With whales re-entering the market and analysts forecasting a record-breaking Q4 rally, attention is shifting to three standout opportunities: LivLive ($LIVE), BNB, and Solana (SOL). While BNB and Solana continue to lead established sectors, LivLive’s AR-powered ecosystem is emerging as the most explosive new presale—one that bridges real-world engagement with blockchain rewards.
Unlike traditional crypto projects limited to digital speculation, LivLive is introducing a real-world value engine where users earn through verified physical actions. With a presale price of just $0.02 and a projected post-launch price of $1, early investors are eyeing potential returns of up to 4900%—a life-changing ROI that could make LivLive the best crypto to buy now before the next leg of the bull market.
LivLive is redefining loyalty through its AR-powered rewards ecosystem, allowing users to earn $LIVE tokens for verified real-world actions tracked through its wearable wristband — from checking into locations and scanning events to completing brand-linked missions. With over $2 million raised, the project is already gaining momentum among crypto and retail investors alike. Each action feeds into a self-sustaining utility loop where real-world participation drives token demand, positioning LivLive as a major leap beyond typical “move-to-earn” models.
Early adopters benefit from exclusive Token & NFT Packs, which grant bonus tokens, mining power, and access to the $2.5 million Treasure Vault filled with luxury and experiential rewards. With 65% of the total supply allocated to community incentives through presales, mining, and quests, LivLive ensures genuine value flows back to its users. By merging gamified engagement, real-world utility, and community-first economics, LivLive is quickly emerging as one of 2025’s most anticipated presales — a project many analysts believe could become the global loyalty protocol for the real world.
With its current presale price of $0.02 and launch price set at $0.25, early buyers are positioned for an immediate 1150% gain by launch alone. If LivLive hits the conservative $1 post-launch prediction, a $1,000 investment today could be worth $50,000. And with more bullish forecasts suggesting a move toward $5 or even $10 in 2026, the upside potential becomes staggering—turning $1,000 into $250,000 or more.
Investors can also claim a 30% bonus by using the limited-time code EARLY30, significantly boosting token totals before the next price stage. That means a $1,000 buy-in becomes $1,300 worth of tokens instantly—amplifying every possible return once $LIVE hits exchanges. With the project’s soft cap set at $15 million, this early window won’t stay open long.

BNB, the native token of Binance, remains a cornerstone of the crypto market. It continues to benefit from the exchange’s dominance, smart chain ecosystem, and deflationary token burns. BNB recently touched new yearly highs as Bitcoin crossed major resistance levels, signaling growing investor confidence in blue-chip altcoins.
However, many analysts believe BNB’s upside from here may be moderate. While it’s a solid long-term hold, the potential for exponential returns is smaller compared to early-stage presales like LivLive. For investors seeking massive ROI potential, established coins like BNB simply can’t match the asymmetrical upside of a project starting at $0.02 with tangible real-world adoption drivers.
Solana (SOL) has been one of 2025’s top-performing altcoins, recovering strongly from last year’s lows to reclaim a key position among the top five cryptocurrencies. With its lightning-fast blockchain and growing ecosystem of DeFi, NFTs, and meme coins, Solana remains a key player heading into the bull run.
Yet, even with impressive performance, Solana’s market cap limits its ability to 100x again. The token may still deliver solid gains during the next bull phase, but newer presales like LivLive offer a higher-risk, higher-reward profile that appeals to investors seeking the best crypto to buy now before mainstream adoption drives valuations much higher.

Based on recent research and presale performance, LivLive stands out as the best crypto to buy now before the next bull run officially begins. Its combination of real-world engagement, AR integration, wearable technology, and gamified rewards gives it an edge over purely speculative coins. With over $2 million already raised and strong momentum building, LivLive is shaping up to be the next major breakout of the 2025 cycle.
The presale won’t last forever, and as the next price stage approaches, investors who hesitate risk missing out on what could become one of the most profitable crypto stories of the year.
Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
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TLDR VIX surge to 20.65 signals market stabilization after a 36% rally since April. Tom…


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Ethereum Falls 6.7% But Outperforms Altcoins After Crypto Market Crash – CoinCentral

Ethereum (ETH) showed greater resilience during the crypto market crash on “Black Monday” compared to many altcoins, which suffered massive losses. While ETH dropped by 6.7%, some altcoins lost over 95% of their value. The crash, triggered by a sudden market shift following President Donald Trump’s tariff announcement, resulted in one of the largest liquidation events in crypto history. Despite this, ETH’s performance was notably more stable than most.
Ethereum, the second-largest cryptocurrency by market capitalization, faced a notable decline of 6.7% following the market crash. However, this drop was less severe when compared to many altcoins, which experienced declines upwards of 95%. This indicates that ETH maintained relatively better stability in an otherwise tumultuous market.
Cryptocurrencies, Markets, Ethereum Price
The crash was set in motion after President Donald Trump’s announcement of new tariffs, sparking panic across global markets. ETH’s price fell as low as $3,510 on Friday, marking a 20% drop within 24 hours. This sharp decline brought ETH closer to its 200-day exponential moving average (EMA), a key support level that helped the cryptocurrency to recover somewhat. By the end of the day, the price of ETH rebounded to over $3,800.
The market crash, often referred to as “Black Monday,” caused chaos across the cryptocurrency sector. Nearly 1.6 million traders were liquidated, leading to over $20 billion in losses within a single day. The sell-off was sparked by fears surrounding a trade war between the US and China, which deeply affected global markets, including crypto.
Altcoins were particularly hard-hit during this downturn. Many smaller coins saw their value plummet by 70% or more, and some even saw losses approaching 95%. While ETH experienced a noticeable drop, it fared much better than the long-tail altcoins, many of which are now struggling to recover.
Ethereum’s price performance is closely tied to the levels of exchange inflows, which can signal increased sell pressure. Over the weekend, Ethereum saw a rise in exchange inflows, hitting the highest level recorded in 2025. This means more ETH was being sent to exchanges for potential selling, which could put downward pressure on the price in the short term.
Cryptocurrencies, Markets, Ethereum Price
Despite these inflows, analysts have noted that Ethereum’s fundamentals remain strong. The increase in exchange inflows may not necessarily signal that investors will sell, as some could simply be moving their assets for safety or liquidity purposes. Furthermore, October saw a record $10 billion in withdrawals from Ethereum’s staking queue, which also could impact ETH’s price as validators may decide to exit their positions.
While the market crash dealt a severe blow to many cryptocurrencies, Ethereum’s performance suggests that it may be positioned for recovery. Analysts are forecasting that ETH could see a rally back to $5,500 after bottoming out during the downturn. This is largely due to Ethereum’s strong market adoption and continued development in decentralized finance (DeFi) and smart contracts.
However, potential selling pressure remains a factor to consider. The ongoing dynamics in the market, including exchange inflows and staking withdrawals, could influence the price in the coming days and weeks. While ETH has shown resilience, it will need to navigate these pressures in order to regain upward momentum.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
Deutsche Bank’s latest report has drawn a surprising parallel between gold’s record-breaking surge and Bitcoin’s…


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Weekend Roundup: Bitcoin Jesus' Tax Evasion Case, Gold's Rally And More Crypto News – Benzinga

The past week in the crypto world was nothing short of eventful. From the “Bitcoin Jesus” nearing a settlement with the Justice Department to gold’s rally potentially signaling a surge for Bitcoin, there was no shortage of intriguing developments.
Let’s dive into the top stories of the week.
Renowned Bitcoin investor Roger Ver is reportedly on the brink of reaching a preliminary agreement with the Justice Department over a criminal tax fraud case. Ver, also known as “Bitcoin Jesus,” was indicted last year for failing to pay $48 million in taxes on his cryptocurrency holdings. The agreement, which is yet to be officially filed, could see the charges dropped if Ver complies with its terms, which include paying approximately the same amount owed in taxes to the government.
Read the full article here.
Bitcoin might soon follow gold’s multi-week rally if historical patterns repeat themselves, suggests one prominent analyst. Gold is nearing a cyclical peak, driven by extreme momentum and a historically high monthly RSI of 92.16—the highest since 1979. This could indicate a potential peak for Bitcoin in the coming weeks.
Read the full article here.
See Also: Forget Dogecoin, Shiba Inu — Floki Is Up 10% And Getting Its First ETF In Europe
Morgan Stanley has reportedly lifted restrictions on which wealth clients can buy crypto funds. The firm has informed its advisors that crypto funds can now be offered to any customer, a significant shift from previous rules that limited these products to high-net-worth investors with aggressive risk profiles and taxable brokerage accounts.
Read the full article here.
Fintech firm Block Inc. announced it will integrate Bitcoin into its Square point-of-sale system. This move will allow merchants to accept and stack the cryptocurrency from their daily sales. Sellers using the Square Bitcoin solution can accept BTC payments with no processing fees until 2027.
Read the full article here.
Tyler Winklevoss, co-founder and CEO of cryptocurrency exchange Gemini, labeled California gubernatorial candidate Katie Porter a cryptocurrency hater and a "protégé" of Sen. Elizabeth Warren (D-Mass.). Winklevoss drew parallels between Porter and Warren, who is known for advocating strict regulations for the cryptocurrency industry.
Read the full article here.
A consortium of major banks, including Goldman Sachs Group Inc. (NYSE:GS), Citigroup Inc. (NYSE:C), UBS Group AG (NYSE:UBS), Deutsche Bank AG (NYSE:DB), and Bank of America Corp. (NYSE:BAC), announced plans to explore blockchain-based assets pegged to G7 currencies, according to a Reuters report.
Read the full article here.
Read Next: Tom Lee Loves Ethereum, But Is Solana Quietly Taking Over? This Expert Says SOL Will ‘Outperform’ ETH — Here’s More
This story was generated using Benzinga Neuro and edited by Ananya Gairola
Image via Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

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Virginia Lottery Powerball, Pick 3 Night results for Oct. 11, 2025 – The News Leader | Staunton, VA

The Virginia Lottery offers multiple draw games for those aiming to win big. Here’s a look at Oct. 11, 2025, results for each game:
Powerball drawings are held Monday, Wednesday and Saturday at 11 p.m.
13-16-18-20-27, Powerball: 10, Power Play: 2
Check Powerball payouts and previous drawings here.
Monday, October 13, 2025
DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.
Night: 3-1-7, FB: 9
Day: 0-5-9, FB: 1
Check Pick 3 payouts and previous drawings here.
DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.
Night: 1-6-4-5, FB: 2
Day: 9-7-7-4, FB: 5
Check Pick 4 payouts and previous drawings here.
DAY drawing at 1:59 p.m. NIGHT drawing at 11 p.m. each day.
Night: 2-2-6-1-5, FB: 5
Day: 5-0-9-1-8, FB: 7
Check Pick 5 payouts and previous drawings here.
Drawing everyday at 9 p.m.
22-29-37-44-48, Cash Ball: 01
Check Cash4Life payouts and previous drawings here.
Drawing times: Coffee Break 9 a.m.; Lunch Break 12 p.m.; Rush Hour 5 p.m.; Prime Time 9 p.m.; After Hours 11:59 p.m.
Coffee Break: 03
After Hours: 02
Prime Time: 03
Rush Hour: 07
Lunch Break: 12
Check Cash Pop payouts and previous drawings here.
Drawing every day at 11 p.m.
11-34-36-37-43
Check Cash 5 payouts and previous drawings here.
Bank a Million draws are held every Wednesday and Saturday at 11 p.m.
05-19-29-31-32-38, Bonus: 37
Check Bank a Million payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
This results page was generated automatically using information from TinBu and a template written and reviewed by a Center for Community Journalism (CCJ) editor. You can send feedback using this form.

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Extend Your Marine Engine Life With These Tips – Cruising World Magazine

As every cruiser knows, your engine might not be the heart of your boat, but it’s definitely the lifeline. That’s especially true when the wind dies or you need to punch through a tricky inlet.
With fall haul-out season approaching, it’s a good time to revisit the basics of diesel engine care: clean fuel, proper lubrication and smart layup strategies that help prevent problems offshore or dockside.  
To dig into some of the most common questions sailors have about fuel and oil systems, Cruising World spoke with Bill McDonald, a longtime pro angler and Lucas Oil ambassador whose marine experience extends to fishing and cruising vessels. From stabilizing fuel to catching wear issues early, here’s what he recommends for keeping your engine healthy, whether the boat is on passage or on the hard.
CW: Contaminants in diesel fuel and engine oil are a constant concern aboard cruising boats. What practical steps can sailors take to minimize contamination, and what role can additives play?
BM: Fuel contamination is one of the most common culprits behind engine problems offshore. Regular maintenance—changing fuel filters, draining water separators and keeping tanks full to minimize condensation—is your first line of defense. Additives designed for marine fuel systems can help disperse water, clean injectors and reduce buildup over time. I’ve used Lucas Marine Fuel Treatment for years in both gas and diesel engines. It’s made a noticeable difference in how clean my injectors stay. In the crankcase, oil stabilizers can provide an extra layer of protection by improving lubricity and reducing wear, which is especially useful when cruising far from shore-based repair options.
CW: Marine engines often sit idle for long periods. How can sailors preserve fuel and oil health during layups or long crossings?
BM: Fuel starts degrading the moment it’s stored. Using a stabilizer when you fill your tanks—ideally just before a long idle period—can help prevent oxidation and gumming. Once it’s added, run the engine briefly so the treated fuel circulates fully through the system. The same idea applies to oil stabilizers: Adding them before a layup helps coat internal components and protect against corrosion and dry starts when it’s time to fire up again.
CW: For sailors using ultra-low-sulfur diesel, what’s the risk of reduced lubricity, and how can that be addressed?
BM: ULSD lacks the lubricating properties of older diesel fuels, a characteristic that can lead to premature wear in injectors and pumps. Many cruisers now use upper-cylinder lubricants or fuel conditioners that restore some of that lost protection. They often include detergents too, which can be helpful for keeping older systems clean.
CW: Why is it important to use marine-specific lubricants instead of automotive products?
BM: Marine engines operate under tougher conditions: long hours at high rpm, and exposure to moisture and salt. Marine-grade oils are formulated to resist corrosion and foaming, and to maintain their properties under heavy load. Using automotive oil may not provide the protection your engine needs in these conditions. 
CW: When should sailors consider using oil additives, and what are the signs that it might help?
BM: Additives shouldn’t be used to mask a real issue, but they can help reduce wear, lower operating temperatures and extend engine life, especially in older engines. If your engine feels sluggish, runs rough or is harder to start than usual, it may be worth looking into oil treatment as part of a broader diagnostic and maintenance approach. 
CW: What’s your advice for diagnosing fuel system issues at sea, and how can sailors prepare?
BM: If your engine starts stumbling or loses power, it’s often a fuel problem: clogged filters, moisture or dirty fuel. Prevention is key. Treat fuel consistently, carry spare filters, and know how to change them underway. Having the right tools and basic familiarity with your fuel system goes a long way. 
CW: Some sailors still encounter ethanol-blended gasoline when fueling dinghy outboards or generators. What’s the risk, and how can it be managed? 
BM: Ethanol absorbs water and can lead to corrosion, phase separation, and damage to seals and hoses in small engines. If you can’t avoid ethanol-blended gas, then use a conditioner designed to counteract those effects. It’s a simple step that can prevent a lot of headaches, especially when fueling at unfamiliar docks.
CW: Do you have any advice for boats operating in tropical or high-humidity environments where corrosion is accelerated?
BM: Salt air and humidity are relentless. Rinse thoroughly with fresh water after outings, check electrical terminals for corrosion, and use anti-corrosion sprays where needed. Good airflow in the engine room or lazarette can also help reduce trapped moisture. Regular inspection is the best prevention.
CW: With more cruisers doing their own oil analysis, what should they be looking for? And can additives affect the results?
BM: Watch for signs like elevated wear metals, thinning viscosity or contamination. Additives can help reduce wear particles and maintain viscosity, especially under load. When I started adding Lucas Oil Stabilizer to my maintenance routine, I saw a drop in wear metals on my reports. But if analysis shows recurring problems, that’s your cue to adjust service intervals or investigate further.
CW: How often should fuel and oil systems be treated during extended cruising, and how does usage affect your maintenance schedule?
BM: Your maintenance rhythm should match your usage. Liveaboards and long-range cruisers may need to treat fuel and change oil every few hundred hours; seasonal sailors might only do this once or twice a year. What matters most is consistency and prepping properly before layup. If you’re using additives, follow the recommended ratios and make sure they’re mixed thoroughly and circulated through the system.
Our final takeaway? Marine engine health is about more than just oil changes. A full-system approach includes clean fuel, good airflow, and protection from corrosion and wear. Additives can help extend engine life, but only when they’re used alongside routine maintenance and thoughtful operation. 
It’s work, yes. But when the wind dies, you’ll be glad you put in the time.

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XRP Price Skyrockets or Sinks? Legal Wins, Whale Moves, and ETF Hype Fuel Wild Market – October 2025 Update – ts2.tech

Illustration: The XRP (Ripple) token in front of U.S. currency – reflecting XRP’s role as a bridge between crypto and traditional finance [43] [44].
Chart: XRP/USD 2-hour price chart (Coinbase) with Fibonacci retracement and RSI. Note the sharp drop from ~$2.77 to $1.64 on Oct 10 (shown on left), then the rebound to ~$2.47 by Oct 11 [45]. Recent higher lows and an RSI divergence (bottom) hint at a forming base [46].
Short term (weeks): The coming SEC decisions and market catalysts will likely dictate XRP’s near-term path. If a spot XRP ETF is approved or if technical breakouts occur, XRP could quickly run toward the mid-$4s or even $5 (as many traders anticipate) [47] [48]. Positive crypto-wide momentum (Bitcoin and Ethereum rising) could lift XRP as well. Conversely, failure to break key resistance soon (especially around $3.30) could leave XRP range-bound around $2.50–$3.00. In that case, a drop toward ~$2.50 (or worse, mid-$2s) is possible if profit-taking resumes [49].
Medium term (months): By late 2025 (1–3 months out), fundamentals could shift markedly. If ETFs clear and institutions flow in, many forecasts see XRP in the $5–$6 range or higher by year-end [50] [51]. Standard Chartered’s target (~$5) and others’ $4–$6 outlooks presuppose solid adoption and crypto-friendly conditions. However, if macro headwinds re-emerge (higher rates, risk-off markets) or if regulatory worries creep back (beyond the Ripple case), XRP could consolidate in the $2.50–$3.50 band. Traders will be watching closely how XRP reacts around the $3.00 level after October’s decisions.
Long term (2026+): Over multiple years, XRP’s fate hinges on its real-world use and broader crypto cycles. Optimists envision XRP capitalizing on Ripple’s growing cross-border usage and new financial products. In a strong bull market, some models have XRP back in double-digit territory (e.g. Standard Chartered’s ~$12 by 2028 [52]). A very bullish outcome (extensive global adoption plus multiple ETFs) could even push XRP to $10–$20+ by 2030, matching past peaks of crypto leaders. Skeptics counter that these forecasts assume a “perfect storm” – sustained institutional inflows, broad stablecoin/regulatory clarity, and XRP carving out major market share. Until those high bars are met, many caution that XRP may instead grind sideways or see corrections. In any case, the next few months (legal decisions, technical breakouts) will be critical for setting XRP’s trajectory.
Sources: Recent prices and on-chain data are drawn from CoinMarketCap and FXLeaders [53] [54]. The above narrative relies on reports from Reuters, CoinDesk, CoinMarketCap, and TS2.tech, among others [55] [56] [57]. Expert commentary and analysis (quoted above) come from CryptoQuant, CoinDesk, and prominent traders [58] [59] [60]. All information is current as of mid-October 2025.
1. coinmarketcap.com, 2. www.reuters.com, 3. coinmarketcap.com, 4. ts2.tech, 5. www.reuters.com, 6. ts2.tech, 7. ts2.tech, 8. ts2.tech, 9. ts2.tech, 10. ts2.tech, 11. ts2.tech, 12. ts2.tech, 13. www.tradingview.com, 14. ts2.tech, 15. www.coindesk.com, 16. www.coindesk.com, 17. ts2.tech, 18. www.coindesk.com, 19. www.coindesk.com, 20. ts2.tech, 21. ts2.tech, 22. ts2.tech, 23. ts2.tech, 24. ts2.tech, 25. coinmarketcap.com, 26. coinmarketcap.com, 27. ts2.tech, 28. ts2.tech, 29. ts2.tech, 30. ts2.tech, 31. ts2.tech, 32. ts2.tech, 33. ts2.tech, 34. ts2.tech, 35. ts2.tech, 36. ts2.tech, 37. ts2.tech, 38. www.coindesk.com, 39. www.coindesk.com, 40. www.fxleaders.com, 41. ts2.tech, 42. ts2.tech, 43. coinmarketcap.com, 44. www.reuters.com, 45. www.coindesk.com, 46. www.fxleaders.com, 47. ts2.tech, 48. ts2.tech, 49. ts2.tech, 50. ts2.tech, 51. ts2.tech, 52. ts2.tech, 53. coinmarketcap.com, 54. www.fxleaders.com, 55. www.reuters.com, 56. www.coindesk.com, 57. ts2.tech, 58. ts2.tech, 59. ts2.tech, 60. ts2.tech
CEO of TS2 Space and founder of TS2.tech. Expert in satellites, telecommunications, and emerging technologies, covering trends in space, AI, and connectivity.
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A blip in ‘Uptober’: crypto’s October reckoning beyond the $20B washout – CryptoSlate

As the dust settles on the biggest crypto market crash in history and leverage’s excesses were forcibly purged from the ecosystem, Bitcoin’s resilience shines.
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
There are moments when crypto’s fiercely optimistic traders are forced to reckon with markets’ unwritten rules. October 10 2025 delivered one of those reality checks. A day when leverage was punished, liquidity vanished, and even seasoned participants found themselves staring at red screens as billions were wiped off the crypto market.
The spark for the carnage was a potent mix of macro triggers: trade tensions and tariff headlines drove a risk-off cascade. Within a single hour, Bitcoin plummeted by about 13%, and altcoins experienced even worse slippage. Some, like ATOM, briefly plunged to near-zero on illiquid exchanges before partial recoveries.
Market-wide, more than $20 billion in leveraged positions were liquidated across centralized and decentralized platforms, making it, as Bitwise portfolio manager Jonathan Man noted, the largest blowout in crypto’s history.​
This was not a slow bleed. Weeks of bullish build-up and sky-high open interest evaporated from the crypto market overnight, resetting market positioning to where it stood months prior. In total, over $65 billion in open interest vanished from the system.​
It’s tempting to say “retail got wrecked.” But Wolf of All Streets’ Scott Melker, echoing the consensus of several analysts, set the record straight:
“The people who got liquidated weren’t retail investors. They were crypto natives and traders using leverage on decentralized exchanges. As always… This was painful, but it wasn’t a retail flush. It was a leverage washout of our most ardent believers.”​
The data support this. New retail flows are increasingly buying spot or large-cap ETFs, largely immune to internal DeFi leverage mechanics. The traders left holding the bag were those running high-leverage perpetuals. In other words? Crypto veterans, not first-timers.​
The answer, as recounted in Jonathan Man’s detailed post-mortem, lies in market structure. Perpetual futures (“perps”) are zero-sum: when the losers owe more than they can pay, the entire system is stressed.
In ordinary conditions, margin calls and liquidations are absorbed naturally. But as volatility spiked, liquidity providers pulled back. Thin order books on altcoins led to disproportionate price moves, with auto-deleveraging (ADL) shutting out even the profitable traders in some cases.​
Certain platforms, like Hyperliquid, benefited through on-chain liquidity pools, capitalizing on forced sales while traders saw positions disappear at a fraction of their value. By the end of the day, even sophisticated market-neutral strategies were caught off guard as operational risk and slow-moving collateral led to sudden losses across the entire crypto market.
Centralized exchanges bore the brunt with cascading liquidations, particularly in long-tail tokens, while DeFi weathered the storm better because of strict collateral standards and hardcoded price mechanisms.
For example, protocols like Aave and Morpho required high-quality collateral and protected stablecoin prices, limiting the risk of a DeFi-wide death spiral. There were still pain points: USDe dropped to $0.65 on some centralized venues, and anyone using it for margin was swiftly liquidated.​
Wide spreads, sometimes $300 or more between exchanges, created rare arbitrage opportunities for nimble professionals, but the broader takeaway is more sobering.
More than $20 billion vaporized from the crypto market, but spot buying remained steady. Prices recovered from extremes, and leverage’s excesses were forcibly purged from the ecosystem. As Man described, operational excellence and liquidity management, not just market direction, determined who weathered the storm.​ As Bitwise CEO Hunter Horsley commented:
“One of the biggest liquidation events in Bitcoin’s history — And it’s down only 15%. Remarkable sign of strength for BTC. Nothing stops this train.”
Crypto’s inherent volatility and its growing macro sensitivity mean such purges are both inevitable and healthy, restoring balance and reminding every participant that leverage isn’t just risky; it’s ruthless.
Christina is a web3 writer, editor, and content manager with a passion for technology and starting important conversations. As an industry OG, she’s not phased by market volatility and frequently scrimps on Starbucks to BTFD.
CryptoSlate is a comprehensive and contextualized source for crypto news, insights, and data. Focusing on Bitcoin, macro, DeFi and AI.

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Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Hunter Horsley, the Co-founder and CEO of Bitwise Asset Management, brings a wealth of experience from his tenure as a Facebook product manager.
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