Crypto News Today (Live) Updates October 14

Following the recent crash, major crypto whales are aggressively shorting the market. The #BitcoinOG made over $160M shorting BTC and ETH, while two other Hyperliquid whales are also cashing in. Whale 0x9eec9, with $31.8M in profits, holds $98M in shorts across DOGE, ETH, PEPE, XRP, and ASTER. Meanwhile, Whale 0x9263, with $13.2M in profits, maintains $84M in shorts on SOL and BTC, signaling continued market volatility ahead.

On October 13, Ethereum spot ETFs experienced a total net outflow of $429 million, marking their third consecutive day of outflows. Bitcoin spot ETFs also faced withdrawals, totaling $327 million, with BlackRock’s IBIT being the only fund to record a net inflow. The continued outflows highlight growing investor caution in crypto ETFs amid market volatility, signaling potential short-term pressure on digital asset prices.

China warns the US: “Negotiate, and we’ll listen; push a trade war, and we’ll fight to the end.” As global economic cycles tighten, the battle over tariffs, supply chains, tech flows, and currency dominance is intensifying. The conflict is not just on battlefields or in boardrooms—it will shape the rules for the next decade. Investors and traders should stay alert, as markets face high volatility. Holding assets wisely is crucial in this uncertain environment.

Kenya’s parliament has approved the Virtual Asset Service Providers Bill, creating a formal regulatory framework for the country’s digital asset sector, Reuters reports. The legislation aims to attract investment and standardize trading practices. Under the bill, the Central Bank of Kenya will be authorized to license the issuance of stablecoins and other virtual assets. At the same time, the Capital Markets Authority will oversee the licensing of crypto exchanges and trading platforms, marking a significant step toward regulated crypto adoption in Kenya.

BlackRock CEO Larry Fink told CBS that he now views Bitcoin as an alternative asset similar to gold. While he acknowledged that Bitcoin is “not a bad asset,” he cautioned investors against allocating a large portion of their portfolios to it. Fink also revealed that roughly half of BlackRock’s Bitcoin ETF demand came from retail investors, with 75% of them never having owned an iShares product before, highlighting growing mainstream crypto adoption.

Bhutan is migrating its national digital identity system from Polygon to Ethereum, covering about 800,000 residents. The integration with Ethereum is already complete, and the full migration is expected by Q1 2026. Ethereum Foundation Chair Aya Miyaguchi and co-founder Vitalik Buterin attended the launch event. Miyaguchi described it as the world’s first national-level Ethereum identity integration, marking a major milestone in blockchain-based digital governance.

Binance has announced its 52nd HODLer Airdrop project, Enso (ENSO). Spot trading for ENSO will begin on October 14, 2025, at 17:00 (UTC+8) with pairs including ENSO/USDT, ENSO/USDC, ENSO/BNB, ENSO/FDUSD, and ENSO/TRY. Enso is a unified network designed to connect all social and DeFi ecosystems, offering users seamless interaction and interoperability across multiple blockchain platforms.

Coinbase executive Conor Grogan revealed that $200,000 worth of BNB donated by Binance and crypto users in 2018 to Malta’s terminal cancer fund remains untouched. The donation, now valued at around $39 million, is still accessible but unclaimed. Grogan urged Maltese citizens to notify their government about the funds, emphasizing that the charity wallet is active and the substantial amount could still be used to support cancer patients in need.

According to DeFiLlama, after the October 11 flash crash, Perp DEX open interest plunged from $26 billion to below $14 billion. However, DeFi activity soared—lending protocols earned over $20 million in fees, hitting an all-time high, while DEX weekly trading volume reached a record $177 billion. Total borrowing across cross-chain lending protocols slipped under $50 billion for the first time since August, and stETH APY briefly jumped above 7%.

Silver prices skyrocketed over $2 today, climbing above $52, with December futures trading at $50.40. The market remains in backwardation, signaling tight supply and rising demand. According to economist Peter Schiff, short sellers are now in serious trouble and may soon scramble to cover their positions, potentially triggering further price spikes. The rally has also raised concerns about possible counterparty risks in the market as volatility intensifies.