‍Bitcoin's Correlation with Gold Surges Amid Macro Uncertainty Bitcoin's role as 'digital gold' is strengthening, with its correlation to precious metals rising sharply to over 0.85. This indicates Bitcoin's increasing utility as a hedge against macroeconomic uncertainty and inflation, mirroring gold's historical function. Data shows this correlation has dramatically increased from -0.8 in October 2021, nearing its all-time high. This trend highlights sustained demand for inflation hedges, especially as gold and silver have recently reached record highs, fueled by geopolitical risks and economic instability. This movement is driven by the 'debasement trade'—investing in assets that hedge against loss of purchasing power due to inflation. Bitcoin's programmatic scarcity and institutional adoption solidify its position as a key store-of-value asset.
‍Binance Charity Donation of $37 Million Remains Untouched Due to Standoff A $200,000 BNB donation from Binance and its users in 2018, now valued at $37 million, is inaccessible to terminally ill cancer patients in Malta. The Malta Community Chest Fund (MCCF) refuses to share patient data with Binance Charity, citing privacy concerns, while Binance insists on direct beneficiary transfers for transparency. This disagreement has led to a prolonged freeze of the substantial funds, highlighting challenges in integrating crypto philanthropy with traditional charity protocols.
‍Zoomex and Haas F1 Team Launch "Zoomex Lap" Trading Event with $400,000 Prize Pool Global cryptocurrency exchange Zoomex has partnered with the MoneyGram Haas F1 Team for a three-month trading campaign, "Zoomex Lap: Trading at Full Speed." Participants can compete for a $400,000 prize pool. The campaign is divided into three stages: October (performance predictions), November (accelerated trading challenge), and December (trading competition). Registration is open on the Zoomex platform.
‍BNB's Recent Dip: Correction or Catalyst? BNB has seen a ~13% correction from its all-time high, raising questions about its bull run. While short-term risks like an overbought RSI and bearish divergence suggest potential declines towards $1,000 or even $730-$860, the macro outlook remains bullish. Analysts point to a strong bull flag formation projecting a potential rally to $2,100. Fundamental factors, including Binance's user payout and high BNB Chain activity, also support this optimism. A daily close above $1,350 could signal a move towards $1,600 and beyond.
‍KuCoin Becomes First Top Exchange to Achieve CCSS Certification KuCoin has achieved the CryptoCurrency Security Standard (CCSS) certification, making it the first top 10 exchange to do so. This adds to its existing ISO 27001, ISO 27701, and SOC 2 Type II certifications, covering all four leading security and privacy standards. KuCoin CEO BC Wong stated, "Every step we take is guided by a deep responsibility to our users and the ecosystem," reflecting their "Trust First. Trade Next." philosophy. These certifications enhance user data protection, reduce risks, and increase transparency.
‍Processing Foundation and Tezos Partner for Generative Art Education A new educational series will focus on p5.js 2.0, empowering digital artists with tutorials led by renowned generative artists. The series, launching late 2025, will feature exclusive artwork releases on EditArt, a generative art platform built on the Tezos blockchain. This collaboration combines Processing Foundation's accessibility in programming for artists with Tezos Foundation's commitment to digital art innovation. Key outcomes include expanded access to educational content, sustainable opportunities for artists, and the establishment of Tezos as a leading blockchain for digital art.
‍Bybit Launches Exclusive Fiat ARS Campaign in Argentina Bybit is enhancing its presence in Argentina with a new Fiat ARS Campaign running from October 13 to November 13, 2025. This promotion offers eligible Argentine users a chance to win an iPhone 17 or a share of 14,000 USDT by completing identity verification and engaging with new local payment methods. The campaign targets new Argentine users who complete verification and meet deposit/trading volume requirements. Prizes include an iPhone 17 and tiered USDT rewards. This initiative highlights Bybit's commitment to expanding secure crypto solutions in Latin America.
‍Metaplanet Trades Below Its Bitcoin Holdings Value Metaplanet, a Japanese company holding Bitcoin as a treasury asset, has reached a historic low. Its enterprise value has fallen below its total BTC holdings, with the market to Bitcoin Net Asset Value (mNAV) ratio dropping to 0.99. This occurred after Metaplanet’s stock declined 75% since mid-June and the company paused Bitcoin acquisitions. Currently holding 30,823 BTC, valued at approximately $3.5 billion, this discount may present a buying opportunity for long-term Bitcoin bulls.
‍Scallop's Community Locks 20% of $SCA Supply for Nearly Four Years Scallop, a DeFi protocol on the Sui blockchain, has reached a significant milestone with over 50 million $SCA tokens locked, representing 20% of the total supply and 40% of the circulating supply. The average lock-up duration is 3.71 years, indicating strong community trust and long-term vision, even amidst market volatility. This commitment is driven by Scallop's veSCA model, which offers benefits like borrowing incentive boosts, revenue sharing, enhanced yields, and governance rights. Kris Lai, Founder & CEO of Scallop, stated: "Our users are locking up 20% of supply for almost four years. That’s not speculation. That’s conviction. Scallop isn’t built to ride trends—we’re building a sustainable, long-term ecosystem.” The protocol has demonstrated robust performance, achieving a peak TVL of $195 million and cumulative revenue exceeding $5 million. Scallop aims to be the Next Generation Money Market on Sui, focusing on security, composability, and real yield.
‍Microsoft Accused of AI Compute Monopolization, Echoing Web3 Concerns A class-action lawsuit alleges Microsoft leveraged its cloud dominance to restrict OpenAI's compute resources, inflating ChatGPT costs. This mirrors Web3's fight against monopolies. Plaintiffs claim Microsoft's exclusive Azure deal created a "stranglehold," leading to overpaid subscriptions and degraded service. The suit highlights the risks of centralized control over foundational technologies like AI compute, underscoring the importance of decentralization for fair competition and innovation.