The bitcoin market had its biggest one-day crash in history on Friday after U.S. President Donald Trump announced 100% tariffs on all Chinese imports.

The sudden escalation in trade tensions wiped out over $5.3 billion in leveraged positions in the bitcoin market, and over $19 billion in the broader digital assets market.

Over $5 billion in leveraged bitcoin positions were liquidated — CoinGlass

The sell-off started early Friday after Trump posted on his Truth Social that he would introduce “massive new trade tariffs” and export controls on software in response to China’s restrictions on rare earth minerals.

Markets around the world went spiraling down —…

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Crypto enthusiasts are watching closely as Hyperliquid prepares to activate HIP-3, a major protocol upgrade enabling the permissionless creation of perpetual futures markets later today. The update, confirmed by a Hyperliquid administrator in the project’s Discord, will go live during a scheduled network upgrade on October 13.

The HIP-3 upgrade, or Hyperliquid Improvement Proposal 3, marks a significant step toward fully decentralizing the perpetual listing process. Once active, deployers who meet onchain requirements can launch their own perpetual decentralized exchanges (perp DEXs) directly on HyperCore by staking 500,000 HYPE.

Integrated with HyperEVM for smart contracts and governance, HIP-3 also introduces essential security measures such as validator slashing and open interest limits. This upgrade is expected to unlock new opportunities for builders and traders, driving innovation and expanding access to decentralized trading across the Hyperliquid ecosystem.

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Roger Ver, the early Bitcoin evangelist once known as “Bitcoin Jesus,” has reached a deal with the U.S. Department of Justice (DOJ) to settle a long-running tax fraud case.

According to The New York Times, Ver will pay around $48 million to settle the charges, and if he meets the terms of the deal, the case will be dropped entirely.

Ver became a well-known figure in the Bitcoin space in the early 2010s for passionately promoting Bitcoin when it was still unknown. He earned the nickname “Bitcoin Jesus” for giving away bitcoin for free and investing in many of the first companies in the industry.

Later, he became a key supporter of Bitcoin Cash, a fork of the…

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Bitcoin price dropped to the $108,000 range today as escalating U.S.-China trade tensions and tariff talks sent shockwaves through global markets. 

President Donald Trump posted on Truth Social today that China has announced “aggressive” and “unprecedented” export controls on nearly all products, affecting all countries starting November 1, 2025. In response, Trump said the U.S. will impose a 100% tariff on Chinese goods and enforce export controls on critical software from the same date.

Bitcoin price dumped as a result of the news, dumping from roughly $117,000 in early afternoon to below $108,000. At the time of writing, the bitcoin price is back to the $113,000…

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Venezuelan opposition leader María Corina Machado has been awarded the 2025 Nobel Peace Prize, recognized for what the Norwegian Nobel Committee called her “tireless work promoting democratic rights for the people of Venezuela.” 

But for many in the Bitcoin community, the win carries another layer of meaning — because Machado isn’t just a democracy activist. She’s also one of few (but growing) global political figures who has openly embraced Bitcoin as a tool of resistance against authoritarianism.

The Nobel Committee described Machado, 58, as “a woman who keeps the flame of democracy going amidst a growing darkness.” 

It’s a description that fits not just…

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The bitcoin price dropped to the $118,000s range today after President Trump announced plans to raise tariffs on Chinese goods in response to China’s export controls on rare earth metals. 

Bitcoin price is down roughly 2.3% in the past 24 hours and about 6% since reaching a record high above $126,000 just four days ago.

President Trump threatened a “massive” increase in tariffs on Chinese goods, signaling a sharp escalation in the U.S.-China trade tensions and casting doubt on a planned APEC meeting with President Xi. This came after China imposed new limits on rare earth and related technology trade. 

“I was to meet President Xi in two weeks, at APEC, in South…

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Prediction markets are not a niche crypto subculture anymore. They are mainstream finance. 

Kalshi, one of the world’s largest prediction markets that accepts bitcoin deposits, announced it has raised $300 million in new funding at a $5 billion valuation and will soon open access to users in more than 140 countries, according to The New York Times. 

The round, led by Sequoia Capital and Andreessen Horowitz with participation from CapitalG, Coinbase Ventures, Paradigm, and others, more than doubled Kalshi’s valuation from its previous raise in June. 

The company’s annualized trading volume has surged from $300 million last year to an expected $50…

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