EP 14
Crypto Markets Consolidate as CZ Clarifies Shanghai Event
In this episode
Crypto markets experienced modest pullbacks over the past 24 hours, with Bitcoin holding at $81,684 and BNB dropping 1.34% to $721.89 while the Fear & Greed Index reads 63 (Greed). Binance rolled out an Alpha Trading Competition for ACU with $100K in rewards and expanded short options trading strategies. CZ addressed the shutdown of Solana's Shanghai event, reaffirming support for cross-chain progress while noting that China has not unbanned crypto.
- CZ clarified on X that his post did not trigger the shutdown of Solana's Shanghai event, noting the Bund building ad came down in 10 minutes and that China has not yet unbanned crypto.
- Binance launched the Alpha Trading Competition for ACU (Acurast) with $100K worth of rewards on October 16.
- Bitcoin trades at $81,684 (-0.92%) and BNB stands at $721.89 (-1.34%), with 24-hour BTC volume reaching $1.24B.
- BSC total value locked (TVL) sits at $5.31B, down 0.33% over the past day and down 3.74% over the past week.
- Binance introduced Covered Call and Cash-Secured Put short options strategies for users.
- TIA led top gainers with a 13.61% rise to $0.6669, while ZIL was the biggest loser, dropping 22.92% to $0.002539.
- Circle reported roughly $1.4B in USDC revenue in H1 2026, with $819M allocated to partners and transaction costs, and outlined plans to enter 40 emerging markets.
- Strategy faces potential exclusion from MSCI indices starting November 30 under updated rules disqualifying single-asset non-operating companies.
- Visa Direct launched USDC prefunding into commercial production with Inyo Global as its first enabler.
- A scammer lost $4.8M in Bitcoin derived from a task scam due to tampered Ledger hardware wallets, according to Chainalysis.