📊 Crypto Trading Signals - October 21, 2025

🔥 Top Stories

1. The Federal Reserve payments innovation conference is livestreaming now

Source: Youtube

🏷️ Stablecoins • Federal Reserve

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— @

2. Gemini introduces the Solana Credit Card, letting users earn SOL on every purchase. An optional auto-staking feature boosts rewards up to 6.77% APY for passive yield.

Source: decrypt.co

🏷️ Solana • Staking • $SOL

"I am definitely going to try this out."
— @Hades

3. BlackRock expands Bitcoin access as its iShares Bitcoin ETP goes live for UK retail investors, with Coinbase as custodian, while Larry Fink now calls Bitcoin digital gold after years of skepticism.

Source: decrypt.co

🏷️ Bitcoin • BlackRock • Coinbase

"Funny seeing the one company against Bitcoin embracing it this way. "
— @Hades

4. In a bald move, Coinbase CEO Brian Armstrong announces purchase of $25M NFT and the return of Up Only TV

Source: 𝕏/@brian_armstrong

🏷️ NFT • Coinbase • Brian Armstrong

"lmao, nice AD trick."
— @Milkmaster7

5. DeFiLlama’s quiet relisting of Aster has reignited fears over data transparency, as traders question the legitimacy of its trading volumes and missing history.

Source: Cryptonews

🏷️ DefiLlama • Aster

"Where is the transparency we talk about "
— @Hades

🎯 Trading Signals

Lead Story Deep Dive: The Great Leverage Massacre of October 10

The crypto market just had its most violent deleveraging event in years, and now the lawyers are circling. We're talking about $600 billion evaporated in a single day with $19 billion in forced liquidations. To put that in perspective, weekly centralized exchange volumes hit $2.7 trillion - the highest since January - entirely driven by people getting absolutely wrecked.

Here's what actually happened: The market was overleveraged to the tits. Bitcoin had just reclaimed $110K, altcoins were ripping, and everyone was convinced October 2025 was the consensus top. Classic euphoria. Then the rug got pulled so hard that exchanges couldn't keep up. Binance is now under serious scrutiny because their price anomalies during the crash were... let's say "statistically interesting." Large liquidation cascades at prices that didn't match other exchanges.

Now Wintermute and other major players are exploring class-action lawsuits. This isn't retail copium - these are sophisticated firms who lost real money and think something was off. Whether it's exchange mechanics, questionable liquidation engines, or just the nature of overcrowded trades, this isn't going away quietly. The fact that Binance rolled out massive payout programs immediately after suggests they know there's a PR (and potentially legal) problem brewing.

The real story? This was a necessary flush. Markets were too one-sided, funding rates were absurd, and everyone was playing the same directional bet. October might still be the top, but we just got a brutal reminder that leverage cuts both ways.

TradFi's Full-Court Press on Crypto

While traders were licking their wounds, traditional finance quietly declared total surrender. BlackRock launched its Bitcoin ETP for UK retail investors with Coinbase as custodian. More importantly, Larry Fink - the same guy who spent years calling Bitcoin a "tool for money laundering" - now officially calls it "digital gold." That's not just a pivot; that's a complete philosophical 180 from one of the most powerful men in finance.

VanEck is takin

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