Bitcoin fell as much as 2.9% to below $82,000 after mixed earnings from Tesla and Meta revived doubts over AI spending, sending Nasdaq 100 futures down 1.32% and Asian equities lower. Altcoins dropped harder, with the CoinDesk 80 down 3.2%, the DeFi index sliding 5.6%, and Ether losing 2.6% to near $2,400. Crypto derivatives trading rose 19% to $226.6 billion, but open interest fell 2.46% to $141.8 billion and liquidations jumped 52% to $431.1 million, suggesting traders were mostly closing positions. Open interest rose 12% in gold and 6.29% in crude oil, while altcoin longs such as ZEC, NEAR and UNI were reduced. According to SoSoValue data, spot bitcoin ETFs took in more than $1 billion over the first three days of the week.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on CoinDesk ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
BTC/USDT
▼ Likely negativeBitcoin
Relevance: high
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/21/2026 | 84,093.42 |
| Change that session | +1.28% |
ETH/USDT
▼ Likely negativeEthereum
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $294.2B |
| Close on 10/21/2026 | 2,473.76 |
| Change that session | +1.00% |
AAVE/USDT
▼ Likely negativeAave
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | DeFi |
| Market cap | $2.4B |
| Close on 10/21/2026 | 154.93 |
| Change that session | +0.21% |
COMP/USDT
▼ Likely negativeCompound
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | DeFi |
| Market cap | $213.6M |
| Close on 10/21/2026 | 25.83 |
| Change that session | -0.35% |
CRV/USDT
▼ Likely negativeCurve DAO
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | DeFi |
| Market cap | $538.3M |
| Close on 10/21/2026 | 0.40280 |
| Change that session | +2.86% |
LDO/USDT
▼ Likely negativeLido DAO
Relevance: medium
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | DeFi |
| Market cap | $320.2M |
| Close on 10/21/2026 | 0.40500 |
| Change that session | -1.60% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Crypto vault deposits top $10 billion as lending risks draw regulatory scrutiny
Deposits into crypto lending vaults have risen from $4 billion at the start of last year to more than $10 billion, according to the Financial Times. Each vault is run by a 'curator' who selects lending strategies through smart contracts on DeFi platforms, sets risk limits and collects fees, with typical returns of 3% to 10% and riskier strategies reaching 20% or more. Risks include illiquid or hard-to-sell collateral, automatic liquidations, hacks and coding errors, while investors may focus on headline yields. Fintechs, digital asset treasury firms and hedge funds are among the main depositors, and Bitcoin lender Two Prime launched a vault on Pareto targeting 1.5% to 2% yields, with a minimum deposit of 5 WBTC and about $10 million of its own capital absorbing initial losses. U.S. and European regulators are examining whether existing rules should apply, and the SEC has questioned vaults that hold securities.
- Babylon advances native Bitcoin lending proposal on Aave V4
Babylon Labs has submitted a proposal to let users borrow stablecoins on Aave against native Bitcoin (BTC). Users would lock BTC in vaults on the Bitcoin network, while a non-transferable token on Ethereum would represent the collateral, so BTC is not bridged or wrapped. The proposal was first submitted on May 25 and passed a preliminary community vote on June 10, and under it Aave DAO would receive the first $500,000 in qualifying annual revenue from the integration. It remains at the Aave Request for Comment (ARFC) stage for community feedback and risk analysis. To advance, it needs at least 320,000 AAVE-equivalent votes in favor in a 3-day offchain Snapshot vote, followed by a formal onchain vote that must meet quorum and approval requirements.
- Crypto traders seek shelter in bitcoin as altcoins slide and ETF flows wobble
Bitcoin's share of the total crypto market value reached 60% on Wednesday, its highest level since May, even as prices across the wider market weakened. Bitcoin fell below $82,000 on Thursday after briefly rising above $84,000 the day before, while most major tokens were little changed or higher over seven days. Smaller tokens fell more sharply, with the CoinDesk Memecoin Index down more than 5%, the Computing Select Index down 3.5% and the DeFi Select Index down 2.5%. LMAX Group's Joel Kruger said the market is waiting for a fresh catalyst, while Giottus CEO Vikram Subburaj said ETF flows remain volatile and advised against chasing short-term rallies. The Federal Reserve meets on interest rates next week.
- Bitcoin ETFs bag another $528M, taking 3-day haul past $1B
US spot Bitcoin ETFs drew $528 million in net inflows on Wednesday, pushing their three-session inflow total to $1.08 billion, according to SoSoValue data. October net inflows reached about $461 million, bringing year-to-date net inflows to $1.34 billion, after two weeks of withdrawals totaling $228 million and $681 million. BlackRock's IBIT led the day with $235 million, followed by Fidelity's FBTC with about $213 million. Bitcoin briefly rose above $84,700 before pulling back to $82,485 at the time of publication. Among altcoin ETFs, Ether ETFs posted $15 million in net inflows after a five-session outflow streak, while Solana and XRP ETFs also recorded modest inflows.
- Bitcoin ETFs attract $1.08 billion in 3 days but it may not be enough for a steep rally
U.S.-listed spot bitcoin ETFs drew more than $1 billion in investor money this week, according to SoSoValue, a sign of renewed but still tentative institutional demand. Bitcoin's three steep rallies since January 2024 coincided with average daily ETF inflows above $200 million, while the pace since July 1 has been about $86 million a day, with no single day of $1 billion or more. Since July 1, bitcoin has risen 39%, from about $60,000 to $83,500. Analysts say a sustained rally would likely need steadier inflows, although futures trading and direct spot purchases can also push prices higher.
- Prediction: What Will 0.1 Bitcoin Be Worth by 2030?
J.P. Morgan Asset Management expects Bitcoin to deliver a 10% compound annual return over the next 10 to 15 years, the highest among assets in its 2027 Long-Term Capital Market Assumptions. At that pace, 0.1 BTC (currently about $8,332) could reach roughly $12,426 by the end of 2030. Bitcoin trades around $83,316, up 27.7% over three months but down 23.4% year over year. U.S. spot Bitcoin ETFs hold $106.28 billion in net assets with $57.43 billion in cumulative net inflows, though flows have been inconsistent, and a March 30, 2026 Department of Labor proposal could let 401(k) plans include cryptocurrencies. The article also outlines scenarios: a move to $200,000 (about $4.02 trillion market cap) would be bullish, while a retest of $60,000 would leave 0.1 BTC worth $6,000.
Related markets
Latest news
- SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
SoFi has launched SoFi Earn (SOFIE), which it calls the first national bank-issued tokenized deposit for consumers, with each token representing $1 held at SoFi Bank. Holders earn a 4.40% APY, and the funds are FDIC-insured up to applicable limits, unlike most stablecoins, while tokens can be converted one-to-one into SoFiUSD to buy crypto or move dollars on blockchain rails. Citing Federal Reserve research, SoFi says roughly $64 billion, about 21% of the stablecoin market, sits idle in forgotten or inactive wallets, and the product aims to keep that money earning. It is SoFi's fifth crypto product in under a year, following its late-2025 return to crypto trading with more than 40 tokens and the launch of SoFiUSD.
- Why Nvidia's new DSX POD could really benefit corporate America
Nvidia unveiled the DSX POD, a pre-built, pre-tested rack of chips that plugs into existing power and can get a data center running in as little as 14 days. The host says the 'AI factory in a shipping container' description is misleading, since the unit includes no building or power, and notes neoclouds often face a four-to-six-month gap between receiving chips and generating revenue. He argues the product may appeal more to corporate America, such as financial firms bringing data processing in-house and renting space for 20 racks, rather than relying on endless cloud bills.
- The UK needs a workable route to regulated DeFi access
Katie Harries, Coinbase's head of policy for Europe, argues that the FCA's proposed crypto rules could amount to a de facto ban on regulated firms providing access to DeFi. The FCA expects regulated platforms to execute customer orders only on FCA-authorized venues, but DeFi protocols have no authorized person behind them. The rules apply from October 2027, and the FCA is not writing DeFi-specific rules, applying the same standards as fully centralized trading. The author argues a ban would push activity beyond regulators' visibility, and that clear consumer information, firm responsibilities and customer consent before leaving a regulated platform would address the risks better. The article points to the EU, where ESMA has proposed allowing regulated firms to provide DeFi access, and the US, where the SEC granted an Innovation Exemption for peer-to-peer trading of tokenized stocks.
- SEEQC Demonstrates Quantum Error Correction Performance Gains with Industry First Digital Interface Optimized Decoder Architecture using NVIDIA Ising and NVQLink
SEEQC reported results from a simulated quantum processor showing that combining its chip-based pre-decoder with NVIDIA Ising, linked through SEEQC Digital Link and NVIDIA NVQLink, improved two key decoding metrics, latency and logical error rate, by approximately 50% compared with running NVIDIA Ising as a standalone pre-decoder. The company says these metrics dictate how well fault-tolerant quantum systems scale, and that specialized processing close to the QPU reduces the data sent to GPU-based classical compute. CEO John Levy said tight integration of quantum processors with HPC infrastructure will be key, while NVIDIA's Sam Stanwyck said open models and interfaces let quantum builders accelerate hardware with AI and GPUs. The next step is chip-to-chip integration of a quantum processor within advanced HPC infrastructure for quantum AI applications.
- Rockwell Automation Expands FactoryTalk Conductor with NVIDIA Nemotron Support
Rockwell Automation (NYSE: ROK) said its FactoryTalk Conductor AI orchestration platform now supports NVIDIA Nemotron open models, giving manufacturers more deployment options. The approach lets companies keep engineering and production data in their own environments and retain control over infrastructure, governance and cost, while still using Rockwell-verified agents and skills. The platform lets users start engineering tasks through natural language and points toward agent-driven workflows in which engineers remain responsible for oversight and critical decisions.
- Why Tesla shareholders should be 'a little bit nervous' about a SpaceX merger
Tesla and SpaceX have formed special committees to discuss a possible merger, which would be the largest in history, with SpaceX valued at about $2.2 trillion and Tesla at about $1.7 trillion. One speaker warns Tesla shareholders could swap into SpaceX at about 0.7 SpaceX shares per Tesla share before any premium, with Elon Musk holding about 82% of the vote, raising the question of whether Tesla would be folded in at a discount. Dave Nadig calls the committees theatrics given Musk's 79% voting control, and says the real concern is consolidating control in one person, which makes him skeptical the deal benefits shareholders, who are exposed through index funds regardless.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.