The third-largest stablecoin reportedly lost its dollar peg briefly amid a wider market downturn.

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USDe, a “synthetic dollar” from cryptocurrency project Ethena, fell to 65 cents against the U.S. dollar on Binance’s exchange, Bloomberg News reported Saturday (Oct. 11). The coin is designed to maintain a price near to that of the dollar, and regained that status following an initial sell-off, the report added.
“Our team is currently conducting a thorough review of the impacted users, the details surrounding these liquidations, and the appropriate compensation measures,” Binance wrote in a blog post about USDe and two other tokens that lost their pegs.
This came as the price of crypto tumbled following President Donald Trump’s announcements of a new 100% tariff on China, wiping out more than $19 billion in crypto investments and leading to more than 1.6 million traders liquidated.
China has called the new tariffs hypocritical and defended its limits on exports of rare earth elements and equipment, but fell short of placing new tariffs of its own on American products.
Trump on Sunday (Oct. 12) seemed to downplay the dispute on his Truth Social platform.
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With a market value of $14 billion, USDe is the third-largest stablecoin after Tether and Circle. However, the Bloomberg report noted that its price fluctuations, while short-lived, were enough to trigger concerns among investors. Ethena Labs wrote in a post on X that the coin remains over-collateralized.
“Even a brief stablecoin depeg can shake the market,” said Rachael Lucas, analyst at BTC Markets. “Traders rely on them for liquidity, lending and collateral, so any loss of confidence can trigger liquidations and spill into wider crypto volatility.”
In other stablecoin news, PYMNTS wrote last week about the way the emerging goal of these tokens seems to be “to make ‘crypto’ disappear as a standalone concept.”
“Just as few people today think about TCP/IP when they send an email, few will think about stablecoins when they make an instant international payment,” that report said. “The technology will recede into the background, embedded in the pipes of everyday finance.”
An example of that embedding, the report added, can be seen in the news that Coinbase and Mastercard are in advanced negotiations to acquire BVNK, a FinTech offering enterprise-grade stablecoin payments infrastructure.
“Acquiring BVNK gives the buyer not just software but connectivity to banks, payment networks, and enterprise clients already using BVNK’s rails,” PYMNTS wrote. “BVNK claims to process over $20 billion annually and supports clients including Worldpay, Flywire, and dLocal.”
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What’s Next for Bitcoin, Ethereum, XRP and Dogecoin After $19B Weekend Flash Crash?  Finance Magnates
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Winning numbers drawn in Saturday’s Washington Hit 5  Connecticut Post
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BTC Price Prediction: Strong Bounce Suggests $130K Soon as 2.7B ETF Inflows Anchor Bitcoin  FXLeaders
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BNB is on the rise, and it’s not just another cryptocurrency. With its innovative deflationary model and community-driven governance, BNB is making waves in the cryptocurrency world. In an era where traditional banking seems to be losing its grasp, BNB’s unique strategies may just provide the stability investors are looking for, even amidst market volatility.
Let’s start with BNB’s deflationary model. This is a massive departure from the inflationary models that many cryptocurrencies use. BNB regularly burns tokens, ensuring that its supply decreases over time. This could lead to price appreciation, especially when demand spikes. In a turbulent market, BNB’s continuous token burns act as a cushion, providing a level of security that might appeal to both investors and businesses looking for crypto-native business tools.
This scarcity model makes BNB attractive not only for individual investors but also for companies wanting to use it as a form of payment. As BNB’s circulating supply diminishes, its value could rise, making it a solid option for global crypto business banking.
Another standout feature of BNB is its community-driven governance. Token holders can influence the development of the platform, which fosters a sense of ownership and trust. This decentralized approach is a far cry from the centralized control of traditional banking systems, and it could enhance investor confidence and foster a loyal user base.
This model is particularly relevant for fintech startups in Asia and around the world that are looking to integrate cryptocurrency into their payroll systems. By involving users in governance, these startups could build credibility and trust, making it easier to attract a wider audience.
However, BNB’s deflationary model and community governance come with risks. Price volatility is a major concern, as the cryptocurrency market is notorious for rapid fluctuations. And as the circulating supply decreases, liquidity issues could arise, hampering large trades.
Furthermore, BNB and other cryptocurrencies face risks of market manipulation. Large holders, or “whales”, can sway prices, causing unpredictable market movements. Regulatory uncertainties also loom large, with changing regulations affecting the utility of BNB and its trading landscape.
To mitigate these risks, both investors and businesses will need strategies for managing volatility. This could involve diversifying portfolios, using stablecoin payments platforms, and staying informed about regulatory changes.
When you stack BNB’s community-driven model against traditional banking strategies, the differences are glaring. Traditional banks are all about centralized control and regulatory frameworks. They offer security through regulatory oversight and risk management practices designed to protect depositors.
On the flip side, BNB encourages transparency and user empowerment. This may foster adaptability and innovation, enabling BNB to respond quickly to market changes. But it also exposes BNB to higher volatility and regulatory risks, which traditional banks face less frequently.
As businesses look to incorporate cryptocurrency into their strategies, grasping these differences is fundamental. BNB could serve as a viable alternative to traditional banking, especially for startups eager to explore crypto-friendly business banking options.
The regulatory landscape for cryptocurrencies is constantly shifting, and BNB’s approach to transparency offers lessons for crypto-friendly SMEs navigating these waters. By providing transparent tools like real-time insights into token supply and project dynamics, BNB builds trust among users.
Moreover, advanced cryptographic proofs, like zero-knowledge proofs for Proof of Reserves, enhance compliance and financial integrity. SMEs can mirror these practices to signal their commitment to transparency and bolster their credibility.
Engaging with regulators through consistent communication is equally crucial. BNB’s proactive dialogue with regulatory authorities can guide SMEs in effectively navigating complex regulatory environments.
BNB’s deflationary model and community-driven governance could significantly impact the future of cryptocurrency and Web3 banking. By boosting investor confidence and challenging traditional banking norms, BNB may be paving the way for a new realm of financial innovation.
For businesses eyeing cryptocurrency integration, BNB’s strategies offer insights into navigating the crypto landscape. As the market matures, lessons from BNB’s approach to transparency, governance, and risk management will be pivotal in fostering a more resilient financial ecosystem.

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Written by
Paul Kim
Edited by
Oihyun Kim
Bitcoin and cryptocurrencies have become synonymous with extreme volatility. While investors have grown accustomed to this, last week’s price action was different. Because the ‘Trump trade’ has returned.
In just a few days, Bitcoin’s price swung by over $20,000 between its peak and its trough. A series of macroeconomic issues drove the wild ride, and Bitcoin appears to be facing another tumultuous week ahead.
Last week began on a high note for Bitcoin, as its price surged past $126,000 on Monday to set a new all-time high. Several factors drove the rally.
The price of US risk assets, which have recently shown a high correlation with Bitcoin, has been on a steady uptrend. The market was also buoyed by Sanae Takaichi’s election as the new leader of Japan’s ruling party on October 4.
She is the political heir to Shinzo Abe, the architect of “Abenomics.” The market expects her to pursue a monetary easing policy despite Japan’s high inflation.
After hitting its peak, Bitcoin went through a natural correction, consolidating around the $122,000 level for most of the week. However, the market ran into trouble around 4:00 PM UTC on Friday, when President Donald Trump suddenly posted on social media about China’s restrictions on rare earth exports, calling the move “a very hostile act.”
He announced that he was not sure if he would meet with President Xi Jinping at the APEC summit in two weeks and threatened to impose significant additional tariffs on China. The sudden post sent the risk asset market reeling. Bitcoin’s price immediately plunged to $118,000, and US stock indices like the Nasdaq, S&P 500, and Dow Jones all dropped by about 2%.
But the real bombshell dropped after the US stock market closed. Trump made another post on social media. In it, he announced a new 100% tariff on all Chinese goods and threatened to impose export controls on all key software starting November 1.
The crypto market, the only functioning asset market at the time, absorbed the full impact. Bitcoin’s price briefly dropped to the $102,000 level on some exchanges. At the same time, most altcoins fell more than 30%, with some dropping over 50%.
The crypto market’s mood was subdued after the sharp decline. While a new 100% tariff on China is a clear negative, was it bad enough to cause a $20,000 drop in Bitcoin? Industry experts believe not.
They attribute the sudden and profound drop to the liquidation cascade of futures positions on perpetual decentralized exchanges (DEXs). A domino effect wiped out the massive number of leveraged long positions that had built up during the rally, leading to a sharp sell-off. According to user testimonials, the stop-loss triggers did not work on some exchanges.
An estimated $19.21 billion was liquidated in 24 hours. While most were long positions ($16.74 billion), $2.47 billion in short positions was also wiped out. This is 12 times the previous record of $1.6 billion from the FTX crash as a daily liquidation.
The liquidation vaporized a massive amount of investor capital. However, there is a positive side to this in the short term. The open interest in crypto derivatives has been completely reset, which had been a significant source of pressure on the market. If a new positive macro signal emerges—such as Trump reversing his 100% tariff threat—a price rally is now possible.
The positive news came surprisingly quickly over the weekend. China did not retaliate with tariffs of its own. Vice President JD Vance mentioned the possibility of a dialogue with China in a media interview. On Sunday morning, Trump posted on social media, “Don’t worry about China, it will all be fine!” Following the post, Bitcoin’s price quickly rebounded to the $114,000 level.
With a single word from Trump, asset prices can plummet, and with another, they can recover. This moment brought back memories of the Trump trade we experienced five months ago.
Will the US-China tariff war return to its previous state, or was this just the first skirmish? It’s impossible to know. What is clear is that this issue will likely introduce more volatility into risk asset prices this week. The Trump trade is just getting started.
This week, October 13 is Columbus Day in the US. While major stock markets like the NYSE and Nasdaq will operate as usual, the bond market will be closed for the holiday.
No major data releases are scheduled this week, but Fed Chair Jerome Powell is set to give a public speech on Wednesday. With the government shutdown and the renewed threat of a tariff war, many market participants expect a rate cut.
Any slight hint from Powell regarding the future direction of monetary policy could create significant market volatility. Here’s hoping investors have a profitable week.
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Winning numbers drawn in Saturday’s North Carolina Cash 5  Connecticut Post
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Home » Bitcoin (BTC) » Crypto Mining Made Easy: 3 Gamified Apps You Can’t Miss
Tap, wait & profit? These are the top mining apps that skip the rig hassle with personally-tailored crypto mining schemes.
Since crypto currencies have been widely accessible across the globe, both experienced and brand new crypto enthusiasts are actively exploring crypto mining. Done with intricate setups and problem-solving puzzles previously, now crypto currency mining is far less complex, but crypto aficionados still must know what they’re doing in order to get a sustainable yield.
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DailyCoin’s dedicated research team explored three popular crypto mining solutions that don’t require specific knowledge or top-tier technical setups to be profitable. These include Bitcoin-mining via GoMining pools, CryptoTab’s Bitcoin-focused cloud mining services & Pi Network a.k.a. Pi Coin (PI).
Headquartered in Riga, Latvia, GoMining offers a wide range of limitless crypto mining, meaning that the Bitcoin (BTC) miners purchased typically do not have an expiration date. In theory, this crypto mining platform will continue mining BTC for you until all of the 21 million of Bitcoins (BTC) is out in the open, which could be another century.
Straight out of the 60s: the future of mining, without the sweat. ⚡👾 pic.twitter.com/GmDOkyZcP0
However, entry-level power up to 3TH won’t produce big daily returns, while crypto aficionados shall keep an eye out on the mining discount – a service button clicked once in 24 hours could make a clear difference in the mining balance, as the company’s native GOMINING tokens are used to maintain the live mining platform, which also offers live streaming of these activities.
On top of that, the crypto miners on GoMining can be connected to Bitcoin (BTC) mining pools of your choice, including ViaBTC, Binance or Foundry. Customer-owed crypto miners can also be freely sold off as digital collectible via the in-app marketplace.
Additionally, the 1K-limited GoMiners non-fungible token (NFT) collection offers lifetime privileges across the Ecosystem, as well as some unique drip – the merch comes with worldwide shipping and an invitation to exclusive real-life events.
This Estonian blockchain start-up offers mining services in a variety of apps across the CryptoTab ecosystem. CT Pool, arguably the most popular one, offers 10+ of different crypto currencies that can be mined from this massive liquidity pool.
Each crypto enthusiast can switch between cryptos to mine every 24 hours, including Dogecoin (DOGE), Polygon (POL), Toncoin (TON), Tron (TRX), Solana (SOL), BNB Coin (BNB) & a wide selection of popular stablecoins.
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Other apps, including CT Farm Pro & CryptoFarm, offer a rental service for those not wanting to risk their own hardware being connected. While some crypto mining enthusiasts call overheating to be the root cause of stopping mining experiments on their computer hardware, these apps offer a subscription plan with exact hash rates & a specified CPU setup.
This can be rented from one month to one year, with the latter offering two workers for free that also have specified computer setups and a powerful management interface with convenient scheduling, remote CPU temperature control and instant balance withdrawals to a non-custodial crypto currency wallet.
Pi Network (PI), arguably the most popular mobile crypto mining service across the globe, unites over 60 million users that mine Pi Coins (PI) simply with their mobile phones. Pi Network (PI) recently launched a desktop app to run a node on PC, but the qualifications for a PC node on Pi’s Network is still pretty vague.
Fact: All Pi coins were pre-mined 💎
and gradually distributed globally via phone mining under specific rules🌍.
Miners can use or hold them, but Pi Core Team keeps building the network 🚀.
Soon,decentralization & open-source will roll out.
Those in a hurry missed the ride 😉. pic.twitter.com/m2VsSypOX2
However, the mobile app on both Android & iOS is easy-to-use, with the mining button available every 24 hours, sometimes requiring you to watch an ad – depending on the location. Differently, than CryptoTab & GoMining, Pi Network (PI) has a clear stance of pro-KYC, meaning that every Pioneer has to get the personal verification process going at some point of the journey.
The base rate can be accelerated by multiplying the lock-up amount and period, so crypto miners with three years of lock-up potentially get the most out of the current structure. Besides, each Pioneer on this mobile mining network has a security circle of up to five people, which also affects the daily mining rate – the more active friends, the better the mining rates.
Out of the three reviewed gamified crypto mining platforms, CryptoTab might get you the fastest result, as the subscription plans are based on very precise computer setups. On the other hand, GoMining is focused on long-term Bitcoin mining within an in-built crypto wallet, so it might take less effort to maintain, but also produce considerably slower income.
Meanwhile, Pi Network (PI) stands out as the only out of the three that won’t require any cash investment, but the mined coins could see extra hurdles before they’re spendable. Pi Network is currently awaiting second migration, so the Pi Network coins mined in-app will take some time before they arrive on your self-custodial Pi Wallet.
Discover DailyCoin’s popular crypto news:
Big Short On XRP Crumbles? Macro Predicts $8 Price Moonshot!
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GoMining uses NFTs for Bitcoin cloud mining in Miner Wars. CryptoTab mines Bitcoin and a selection of altcoin via your browser with referral perks. Pi Network mines PI coins through mobile app taps and social growth.
GoMining’s NFT miners tie to data centers for BTC hashing. CryptoTab uses lightweight CPU mining while browsing or motherboard rentals. Pi uses low-energy check-ins and referrals.
GoMining’s Miner Wars pits clans against each other for BTC. CryptoTab boosts earnings via referral pyramids. Pi offers community ranks and security circle bonuses.
GoMining pays steady BTC but requires NFT buys. CryptoTab’s paid Cloud.Boost or Pro versions (renting virtual motherboards for cloud mining) increase returns. Pi’s PI coins are free but tradeable only on a few exchanges, banking on future value.
Pi Network for zero-cost social mining. GoMining for easy long-term BTC earnings. CryptoTab for faster-paced short-term returns and browser miners willing to pay for boosts.
This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.
Tadas Klimaševskis is a DailyCoin Journalist, covering memecoins & latest developments. Tadas has moderate holdings in SHIB, HBAR, LTC, MATIC and a selection of low-cap meme currencies.
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All traders and investors can talk about right now is the recent market collapse and Bitcoin price performance. In recent weeks, Bitcoin has built momentum to reclaim older highs and record a new all-time high. This run currently faces the challenge posed by Donald Trump’s recent tariff plan announcement that could ignite a trade war with China.
Meanwhile, on-chain analysis also shows that investors are paying close attention to upcoming crypto opportunities with high potential like Remittix.


After rising sharply to create a new all-time high above $126,000, the Bitcoin price is now in a correction movement, with the token dipping to the $112,000 price area. Analysts predict that this bearish movement won’t last long because there is a lot of institutional attention on Bitcoin, and ETF inflows continue rising.
Analysis with the RSI indicator supports this conclusion because the RSI curve is trending upwards, which can be an early sign of a possible trend reversal to the upside. Whales and retail investors continue paying attention to Bitcoin price, but on-chain analysis shows that traders are also beginning to increase their exposure to Remittix, a new high-potential PayFi altcoin on Ethereum.

While discussions around Bitcoin price prediction continue, Remittix, a new PayFi altcoin, is generating a lot of institutional and retail attention. Remittix has raised over $27.3 million, sold more than 677 million tokens, showing strong investor interest in the project. Meanwhile, RTX already has two confirmed Tier-1 CEX listings on BitMart, and LBANK has been announced as the next exchange.
Beta testing for the Remittix wallet is now live, with community users actively testing PayFi functions that enable direct crypto-to-bank transfers. The project has also launched a $250,000 community giveaway and rolled out a 15% USDT referral program, paid daily through the Remittix dashboard.
Why Remittix is attracting global attention:
As week two of October begins, Bitcoin price action remains stable, but traders are positioning for a breakout in either direction. Meanwhile, Remittix offers a different kind of opportunity for those seeking high-growth plays, allowing it to draw attention from investors who want more than just market stability.
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.

XRP is drawing fresh attention in 2025 as analysts offer new forecasts for its price…

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How SWIFT’s blockchain could challenge Ripple’s grip on payments  Cointelegraph
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