[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?
Bitcoin BitcoinBTC$114,500.653.05%BitcoinBTCPrice$114,500.653.05% /24hVolume in 24h$83.57BPrice 7d returned above $115,000 on Sunday, stabilizing after one of the craziest market downturns of the year. Ethereum EthereumETH$4,123.198.67%EthereumETHPrice$4,123.198.67% /24hVolume in 24h$45.98BPrice 7d is trading around $4,185, Solana SolanaSOL$194.028.09%SolanaSOLPrice$194.028.09% /24hVolume in 24h$11.21BPrice 7d near $198, and XRP XRPXRP$2.598.33%XRPXRPPrice$2.598.33% /24hVolume in 24h$9.43BPrice 7d 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:
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。
— Yi He (@heyibinance)
DISCOVER:
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 HyperliquidHYPE8$40.044.09%HyperliquidHYPE8Price$40.044.09% /24hVolume in 24h$1.41BPrice 7d 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 CoinUSELESS$0.395748.10%Useless CoinUSELESSPrice$0.395748.10% /24hVolume in 24h$49.42MPrice 7d 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.
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.
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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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 .
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.
