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Front Page/Crypto/Crypto crumbles as anniversary of flash crash nears
Cryptovia CoinDesk
8 October 2026 at 18:14•2 min read
Crypto crumbles as anniversary of flash crash nears
Authoritative synthesis from CoinDesk wire intelligence.
High-resolution curated imagery via CoinDesk wire syndication.
Executive Takeaways • Key Intelligence
▪Strategic intelligence desk confirms key developments surrounding It was October 10, 2025, when bitcoin plunged from about $12.
▪International stakeholders analyze: A modest early decline in bitcoin BTC$80,914.24 on Thursday has accelerated, the
▪Multilateral policy, financial liquidity, and regulatory frameworks face direct realignments.
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It was October 10, 2025, when bitcoin plunged from about $122,000 to $105,000, with much of the decline occurring within minutes. 24 on Thursday has accelerated, the price falling to about a one-month low just above $80,000 Bitcoin is down 4% over the past 24 hours, and is now lower by more than 8% since nearly hitting $87,000 just four days ago.
That’s masking far uglier action in the rest of the sector, with ether and XRP lower by about 6% over the past day and solana off 9%. All are down double-digit percentages over the last week. The fast selling comes as the one-year anniversary of the October 10, 2025, flash crash nears. S. time) trade. Crypto investors have plenty of other reasons to be fearful.
Among them are continued surges in the price of oil and interest rates, which potentially could siphon money away from risk assets like bitcoin. C. Despite bitcoin’s latest sell-off and potential pain points, institutional investors appear to be growing more confident in the broad long-term outlook for digital assets.
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In a State Street survey of 300 asset managers, asset owners and wealth managers, published Tuesday, about 51% of respondents expect digital assets to become mainstream within the next five years, up from just 11% in 2024.
The survey also found that institutions hold an average of 11% of their portfolio in digital assets and expect that share to rise over the next three years, pointing to growing adoption even as prices fail to break out on the upside. As stablecoins move into regulated finance, APAC is becoming a key proving ground.
This report maps the region’s rules, use cases, and RLUSD’s role. As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
In opposition to federal oversight of the prediction markets, the National Football League has sided with states, Gary Gensler and one of the authors of the relevant law. The National Football League has joined with tribes, state governments, former regulator Gary Gensler and even one of the lawmakers who penned the law prediction markets are relying on — all of them asking the U.S. Supreme Court to let local gambling.
Arkham data shows the 12,267 BTC went to unlabeled wallets rather than an exchange, a day after $383 million hit Coinbase Prime. Wallets linked to the U.S. government moved 12,267 bitcoin BTC$81,044.34, worth about $1.01 billion, on Thursday, according to data provided by blockchain intelligence firm Arkham. The coins left a wallet holding funds seized in the 2016 Bitfinex hack and went to a new, unlabeled address, with a second.
ESMA said authorized platforms must block new access to stablecoins that fail to meet MiCA rules, while national authorities oversee existing customer holdings. European Union crypto platforms have up to three months to end customer exposure to USDT and other stablecoins that do not meet the bloc’s Markets in Crypto Assets (MiCA) rules under new guidance issued Thursday by the European Securities and Markets Authority (ESMA). The guidance, issued as.
You’re reading Crypto for Advisors, CoinDesk’s weekly newsletter that unpacks digital assets for financial advisors. Subscribe here to get it every Thursday. In today’s newsletter, Joshua de Vos and Jacob Joseph of CoinDesk Research break down how digital assets turned around in Q3, outperforming stocks and gold. Have three minutes? Mesh is conducting a 2026 State of Digital Money Survey to understand how financial institutions, digital-asset businesses and infrastructure providers.
As crypto debates whether holders should move funds before AI or quantum advances expose wallet keys, custody firms face a separate problem: upgrading systems before an emergency migration. Bitcoin developers are debating how and when the network will prepare for quantum computing. Also, the call for crypto holders to move into “bunker mode” before advances in AI or quantum computing expose wallet keys, bringing greater attention to individual wallets. However,.
Veridian became the first company to use Cardano’s new programmable-token standard for its equity, though the tokenized shares are not being offered to the public. The Cardano Foundation spun out Veridian, its digital-identity project, as an independent company and tokenized its shares on the Cardano blockchain using the network’s new programmable-token standard. Veridian, based in Switzerland, will build tools for governments, businesses and AI agents to prove their identity and.
