The crypto market cap is nearly 1% down on Oct. 10 and has reached a level of $4.12 trillion. Let’s take a closer look at the latest market updates.
Nine major banks including Goldman Sachs, Deutsche Bank, Bank of America, and Banco Santander have formed a coalition to explore creating blockchain-based digital money backed 1:1 by reserves on public blockchains, initially focusing on G7 currencies.
The initiative aims to improve payment efficiency, reduce costs, and enhance liquidity management through stablecoin technology, as the global stablecoin market has reached $303 billion in valuation.
Read more details here.
The Ethereum Foundation and Keyring Network have launched a joint initiative to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev, who face charges in the US and Europe for allegedly facilitating money laundering through their privacy-focused code.
The program directs all protocol fees from Keyring’s zero-knowledge DeFi vaults to the defense fund, having already raised over $22,000. These high-stakes cases will set crucial precedents on whether open-source developers can be held criminally liable when their privacy tools are misused by others, with the Ethereum Foundation positioning this effort as a blueprint for sustainable developer protection in decentralized ecosystems.
Read more details here.
The cryptocurrency market experiences massive losses exceeding $770 million in liquidations following Trump’s threats to impose tariffs on China over its control of 69% of global rare earth production.
Liquidation heatmap and total liquidations in the last 24 hours of October 10, 2025 | Coinglass
Ethereum and Bitcoin lead the losses with $233 million and $180 million respectively, affecting nearly 200,000 traders forced to close their long positions.
Read more details here.
Binance CEO Richard Teng reported that the exchaneg saw inflows of up to $14.8 billion in the third quarter of 2025. This represents a record milestone for both the company and the broader cryptocurrency industry.
This figure is roughly 158 times higher than the combined net inflows of Binance’s closest competitors. Many of other exchanges even recorded net outflows during the same period.
Read more about it here.
Solana (SOL) is currently trading around $219, showing signs of consolidation following a brief decline. The Relative Strength Index (RSI) at 51.66 indicates neutral market conditions, while the MACD suggests that bullish momentum may be weakening.
If Solana holds above $220, the asset could rally toward $230–$240, with key support near $200. On the fundamentals side, Solana’s Total Value Locked (TVL) recently reached a new high of $42.4 billion, highlighting continued growth in the network’s ecosystem.
