[LIVE] Crypto News Today, October 13 – Bitcoin Price Reclaims $115K as ETH, SOL and XRP Recover After Black Swan Crash: Best Crypto to Buy Right Now?

[Redator]

Bitcoin Bitcoin BTC $114,500.65 3.05% Bitcoin BTC Price $114,500.65 3.05% /24h Volume in 24h $83.57B Price 7d Learn more returned above $115,000 on Sunday, stabilizing after one of the craziest market downturns of the year. Ethereum Ethereum ETH $4,123.19 8.67% Ethereum ETH Price $4,123.19 8.67% /24h Volume in 24h $45.98B Price 7d Learn more  is trading around $4,185, Solana Solana SOL $194.02 8.09% Solana SOL Price $194.02 8.09% /24h Volume in 24h $11.21B Price 7d Learn more  near $198, and XRP XRP XRP $2.59 8.33% XRP XRP Price $2.59 8.33% /24h Volume in 24h $9.43B Price 7d Learn more at $2.61, each showing signs of steady recovery despite elevated volatility across major trading pairs. Analysts describe the rebound as a typical post-liquidation response following a broad capitulation event but warn that many retail traders who used excessive leverage may not recover their positions.

As funding rates reset and liquidity remains thin, some market observers suggest that leading assets like Bitcoin, Ethereum, and Solana could represent the best crypto to buy during this early recovery phase: but they are not the only assets making big comebacks right now.

EXPLORE: 15+ Upcoming Coinbase Listings to Watch in 2025

The Auto-Deleveraging Drama: Binance Covers $283 Million in User Losses

Let’s start by explaining what auto-deleveraging is: Auto-deleveraging (ADL) is a last-resort safety mechanism in crypto perpetual futures that kicks in when a market crash overwhelms liquidation systems and insurance funds. When bankrupt positions can’t be absorbed by liquidity or internal buffers, exchanges automatically trim part of profitable traders’ positions to rebalance exposure and prevent bad debt.

This means even winning traders can see positions cut during extreme volatility, as happened in the recent black swan event. ADL ranks accounts by profit, leverage, and size—so the biggest, most leveraged winners are reduced first—to keep the system solvent when the losing side can’t pay.

Of course, this made a lot of users angry.

Binance said it compensated users with $283 million following Saturday’s depeg event, which briefly disrupted several collateralized assets, including USDE, BNSOL, and WBETH. The exchange attributed the cascading liquidations to legacy limit orders dating back to 2019 and abrupt price movements in tokens such as ATOM and IOTX.

Binance confirmed it will introduce new safety measures, including price floors and updated index mechanisms, to prevent similar incidents. The company also emphasized that the depeg followed, rather than triggered, the broader market crash.

You can always trust Binance.
你永远可以相信币安。 https://t.co/IBYlyDHlPv

— Yi He (@heyibinance) October 12, 2025

DISCOVER: What Happened To Crypto Market? Binance Founder CZ Calls For Clarification Behind The $1 Billion Short on Hyperliquid

Institutional Flows Signal Confidence: Best Crypto to Buy During This Recovery?

Spot Bitcoin ETFs recorded $2.71 billion in net inflows between October 6 and 10, led by BlackRock’s IBIT with $2.63 billion. Ethereum ETFs saw $488 million in inflows during the same period, with BlackRock’s ETHA accounting for the majority. Analysts interpret the data as a sign that institutional participation remains strong despite retail uncertainty. The continued accumulation through ETF channels suggests confidence in long-term market fundamentals, even amid short-term price dislocations.

At the same time, altcoins and memecoins are regaining momentum as traders reposition for potential upside. Hyperliquid Hyperliquid HYPE8 $40.04 4.09% Hyperliquid HYPE8 Price $40.04 4.09% /24h Volume in 24h $1.41B Price 7d Learn more climbed 120% in three days, rebounding to $42.20 after forming an inverse head-and-shoulders pattern. Among meme tokens, BSC projects like FOUR (+77%) and PONKE (+15%) are showing renewed retail demand, while Solana-based USELESS Useless Coin USELESS $0.3957 48.10% Useless Coin USELESS Price $0.3957 48.10% /24h Volume in 24h $49.42M Price 7d Learn more surged 47% over the past 24 hours.

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As sentiment steadies, analysts suggest that focusing on high-liquidity majors and established ecosystem plays could represent the best crypto opportunities to buy right now.

31 minutes ago

China Renaissance Plans $600 Million Crypto Fund Tied to Binance’s BNB

By Fatima

Beijing-based investment bank China Renaissance Holdings Ltd. is reportedly in discussions to raise about $600 million for a new investment vehicle focused on BNB, the crypto associated with Binance Holdings Ltd., according to Bloomberg.

The fund is expected to include backing from YZi Labs, the family office of Binance co-founder Changpeng Zhao, with both parties jointly contributing around $200 million, sources said. China Renaissance had previously disclosed in a Hong Kong filing its intention to invest $100 million in BNB.

The fundraising effort follows the release of former chairman Bao Fan in August and reflects the bank’s renewed engagement with the digital asset space. If successful, the initiative would represent one of the largest traditional finance commitments to the Binance ecosystem in 2025, underscoring a steady return of institutional interest in crypto.

3 hours ago

Whales Rush To Falcon Finance, ASTER, and CAKE: 2 Next Crypto to Explode For Uptober Come Back?

By Fatima

The bulls are creeping back in, and whales seem to know which crypto to explode next. Falcon Finance (FF), ASTER crypto, and CAKE DeFi are experiencing renewed inflows as Uptober revitalises the crypto market. After weeks of sideways action and fear-driven selling, these tokens have posted sharp rebounds, backed by whale accumulation, ecosystem growth and mounting retail FOMO.

Now, as the crypto market gains traction, traders are positioning for the next crypto presales poised to explode and drawing massive attention with record-staking APYs and strong early fundraising. Let’s break down why these projects are stealing the spotlight and how whales are setting up for the comeback rally.

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Read The Full Article Here

3 hours ago

Not BNB Hitting a New ATH After the Biggest Liquidation Event in Crypto History

By Fatima

BNB has officially printed a new all-time high at $1,354, surging nearly 4% in 24 hours despite recent market chaos. Binance Smart Chain (BSC) is also showing strength with $9.27B in total value locked, up 12% in a day, according to DeFiLlama data.

Daily DEX volume hit $4.75B, while chain revenue exceeded $330K. The network’s resilience suggests strong DeFi activity and growing user engagement.

With momentum building fast, traders are eyeing $1,400 as the next key level — a breakout that could solidify BNB’s dominance heading into mid-October.

ICYMI: $BNB new all-time high at $1,340.

Will it hit $1,400 by the end of this week? pic.twitter.com/q0M09Ll7gO

— CoinGecko (@coingecko) October 13, 2025

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