Daily Market Wrap | Oct. 11

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Amid broad macro jitters—including talk of Trump’s 100% China tariffs, U.S. shutdown uncertainty, elevated leverage, and thin liquidity—crypto saw ~$16B in long liquidations, pushing BTC below $110K and straining USDe.

Russia notes 20M citizens hold $10B in crypto; central bank to let banks enter under strict rules.

Market Updates

Metaplanet paused warrant exercises for 20 days to avoid dilutive share sales funding Bitcoin buys, as its stock hit a cycle-low 1.05x NAV amid a 70% drop.

Galaxy Digital secured a $460M private investment from an unnamed major asset manager to expand its Helios AI/HPC data center, with shares up 3% post-market.

A Hyperliquid wallet lost $21M in crypto due to a private key leak, with funds bridged ethereum and obfuscated, per PeckShield.

BTC0.4%
USDE0.07%
ETH3.35%
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