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The broader cryptocurrency market saw its worst deleveraging events in history throughout the past 24 hours. Ripple’s XRP didn’t go unscathed. In fact, it was one of the altcoins that painted massive red wicks, dropping to as low as $1.2 on the Binance perpetual contracts charts.
That’s a 60% drawdown, which, not surprisingly, had a lot of traders liquidated. So much so that, in fact, almost $1 billion worth of leveraged positions were wiped out in the past 24 hours.
While reasons remain unclear and speculative at best, the fact is that the total cryptocurrency market went through arguably its worst crash in years.
As CryptoPotato reported, close to $20 billion worth of leveraged positions were liquidated in the past hours, as Bitcoin’s price dropped from more than $122,000 to $105,000 on some crypto exchanges.
Naturally, and as it’s almost always the case, altcoins had it worst. Believe it or not, XRP wasn’t even amongst the worst performers. ATOM, for instance, saw close to 99% of its spot value deleted before bouncing back.
XRP also bounced back and is currently trading at around $2.4 on Binance.
There is no specific reason that’s isolated to XRP relating to this market crash and its decline is likely attributed to the broader wipeout in the industry.
However, the event highlights the dangers of leverage and, once again, shows how much more volatile altcoins are and how much thinner their trading order books are as opposed to Bitcoin’s.
Georgi Georgiev is CryptoPotato’s editor-in-chief and a seasoned writer with over 8 years of experience writing about blockchain and cryptocurrencies. Georgi’s passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn’t looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping.
Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer

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1. Trump orders Defense Dept. to issue military paychecks during shutdown  The Washington Post
2. Trump says administration has ‘identified funds’ to pay troops next week  CNN
3. Trump directs Hegseth to pay troops during ongoing government shutdown standoff as he rails against Schumer  Fox News
4. Trump Says He Will Pay Troops Despite Government Shutdown  The New York Times
5. Pentagon will pay military troops, Trump says, shifting $8B  Politico

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As a passionate WWE content writer, Raunak craft engaging narratives that bring the thrilling world of wrestling to life, capturing the drama, excitement, and heroism of the ring. His work fuels the imagination of WWE fans, making every match and storyline unforgettable.Read More

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1. 5 hospitalized after helicopter crashes in busy oceanfront area of Huntington Beach  CBS News
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Ahead of Sunday’s 9:30 a.m. ET game airing live on NFL Network, bookmakers have posted player prop bets for Isaiah Davis. Tottenham Hotspur Stadium in London, England is the setting for this Week 6 NFL matchup between Davis’ New York Jets (0-5) and the Denver Broncos (3-2).
National Football League odds courtesy of BetMGM. Odds updated Saturday at 10:59 p.m. ET. For a full list of sports betting odds, access USA TODAY Sports Betting Scores Odds Hub.
Our team of savvy editors independently handpicks all recommendations. If you purchase through our links, the USA Today Network may earn a commission. Prices were accurate at the time of publication but may change.
Gambling involves risk. Please only gamble with funds that you can comfortably afford to lose.  While we do our utmost to offer good advice and information we cannot be held responsible for any loss that may be incurred as a result of gambling.  We do our best to make sure all the information that we provide on this site is correct. However, from time to time mistakes will be made and we will not be held liable. Please check any stats or information if you are unsure how accurate they are. No guarantees are made with regards to results or financial gain. All forms of betting carry financial risk and it is up to the individual to make bets with or without the assistance of information provided on this site and we cannot be held responsible for any loss that may be incurred as a result of following the betting tips provided on this site.  Past performances do not guarantee success in the future and betting odds fluctuate from one minute to the next. The material contained on this site is intended to inform, entertain and educate the reader and in no way represents an inducement to gamble legally or illegally or any sort of professional advice.
Gannett may earn revenue from sports betting operators for audience referrals to betting services. Sports betting operators have no influence over nor are any such revenues in any way dependent on or linked to the newsrooms or news coverage. Terms apply, see operator site for Terms and Conditions. If you or someone you know has a gambling problem, help is available. Call the National Council on Problem Gambling 24/7 at 1-800-GAMBLER (NJ, OH), 1-800-522-4700 (CO), 1-800-BETS-OFF (IA), 1-800-9-WITH-IT (IN). Must be 21 or older to gamble. Sports betting and gambling are not legal in all locations. Be sure to comply with laws applicable where you reside. It is your sole responsibility to act in accordance with your local laws.

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By Jason Rodriguez on September 8, 2025 at 9:28AM PDT
GameSpot may receive revenue from affiliate and advertising partnerships for sharing this content and from purchases through links.
Are you curious as to where you’d find all Crests in Hollow Knight: Silksong? These are special items that your character, Hornet, can equip. Each one alters her attacks and tool set, potentially changing your means of fighting foes and traversing levels. Our guide has all the details you need to help you gather these rewards, including the very helpful Crest of the Wanderer. Just be reminded that this article does contain minor spoilers.
Before we talk about all the Crest locations in the game, let’s discuss what these items actually do:

That does it for our guide on where to find all Crests in Hollow Knight: Silksong. Since we’ve mentioned abilities, you might want to acquire all silk skills, too. And, of course, if you wish to strengthen Hornet further, you can look for upgrades like Pale Oil, Mask Shards, and Spool Fragments.
Play as Hornet and brave the dangers of the Kingdom of Pharloom. If you need help with various secrets and challenges, you can always check our Hollow Knight: Silksong guides hub.

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 <iframe id='aeef6de9' name='aeef6de9' src='https://ads.sibernetworks.com/www/delivery/afr.php?zoneid=27&cb=INSERT_RANDOM_NUMBER_HERE' frameborder='0' scrolling='no' width='728' height='90' allow='autoplay'><a href='https://ads.sibernetworks.com/www/delivery/ck.php?n=a6b0314b&cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'><img src='https://ads.sibernetworks.com/www/delivery/avw.php?zoneid=27&cb=INSERT_RANDOM_NUMBER_HERE&n=a6b0314b' border='0' alt='' /></a></iframe>     <br>You must confirm your age to access this page.<br>Share:<br>JAKARTA - Bitcoin prices are under sharp pressure after US President Donald Trump announced plans to increase major rates on Chinese products. This announcement sparked a global wave of risks hitting crypto equity, commodity and asset markets. Bitcoin had slumped to USD105,000 in one hour, before returning above USD111,000.<br>This decline coincides with a new threat from the White House, where Trump said the United States would raise import rates from China to 100% and impose export restrictions on critical software. China responded by charging new costs to US-related ships from October 14, imitating US moves, potentially disrupting supply chains and global shipping lines.<br>Data from CoinGlass shows in less than an hour, more than USD8 billion long positions were liquidated, including Bitcoin worth USD1.83 billion and Ethereum USD1.68 billion. Over the past 24 hours, the total liquidated positions reached more than USD9 billion and involved about 1.4 million investors, with the largest transactions reaching USD87.53 million in BTC/USDT pairs.<br>Crypto market capitalization has shrunk by about 13% to USD 3.78 trillion, with 24-hour trading volume reaching USD 333.8 billion, the highest since August.<br>INDODAX Vice President Antony Kusuma said the Bitcoin correction shows how digital assets react to geopolitical tensions and global risk sentiment.<br>Bitcoin is often referred to as a hedge against monetary instability, but in extreme conditions, it moves like a high-risk asset. A shaken global market, thin liquidity, and a chain selling action in a leverage position triggers a rapid decline which is then followed by algorithmic buying action, "explained Antony.<br>He added that this situation shows the importance of understanding the macro context for crypto investors.<br>Investors must look at more than the current price. This correction is not a sign that Bitcoin's fundamentals have weakened, but rather a market reaction to the escalation of trade tensions and macro-risks. Those who are able to maintain a long-term perspective can take advantage of this volatility moment to build strategic positions," said Antony.<br>Antony stressed that although the market is volatile, the medium-term scenario remains positive for Bitcoin.<br>If the tension between the US-China subsides or new talks arises, Bitcoin could consolidate in the range of USD 112,000' 118,000. But if trade issues continue to dominate, prices could move between USD105,000'120,000. The decline below USD105,000 opens up opportunities for long-term buyers, "he explained.<br>He added that global volatility is also a momentum for investors to enforce mature portfolio discipline and strategies.<br>         <iframe id='ae03fa89' name='ae03fa89' src='https://ads.sibernetworks.com/www/delivery/afr.php?zoneid=61&cb=INSERT_RANDOM_NUMBER_HERE' frameborder='0' scrolling='no' width='300' height='250' allow='autoplay'><a href='https://ads.sibernetworks.com/www/delivery/ck.php?n=a36f8217&cb=INSERT_RANDOM_NUMBER_HERE' target='_blank'><img class="lazyload" src="https://ads.sibernetworks.com/www/delivery/avw.php?zoneid=61&cb=INSERT_RANDOM_NUMBER_HERE&n=a36f8217" alt="" ></a></iframe>     <br>Healthy markets not only rise, but are able to survive the turmoil. Those who understand the liquidation mechanism, psychological support levels, and global market behavior will find hidden opportunities when some crypto investment actors panic, "concluded Antony.<br>Thus, even though the threat of US tariffs triggers massive liquidation, the crypto market still shows resilience. In Indonesia, the crypto trading ecosystem is now increasingly mature, supported by the supervision of the Financial Services Authority (OJK), it is believed to be able to maintain the stability of the growth of the digital asset industry amid global uncertainty.<br>Finally, Antony added, This phenomenon is also a lesson for the crypto industry in Indonesia to further strengthen consumer education and protection.<br>"Platforms like INDODAX focus on transparency and security, ensuring investors have balanced information about risks and opportunities," he concluded.<br><i>The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language.                                     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