SoSo Crypto Daily | Crypto Market Faces Broad Declines Amid Post-Liquidation Volatility; Binance K-Line Modification and U.S. Seizes 127K BTC

SoSo Crypto Daily | El mercado de criptomonedas se enfrenta a amplios descensos en medio de la volatilidad posterior a la liquidación; Modificación de la línea K de Binance y EE. UU. se apodera de 127K BTC

SoSo Crypto Daily | Le marché crypto fait face à de larges baisses dans un contexte de volatilité post-liquidation ; Modification de la ligne K de Binance et les États-Unis saisissent 127 000 BTC

SoSo Crypto Daily | 暗号資産（仮想通貨）市場は清算後のボラティリティの中で広範な下落に直面しています。Binance K-Lineの修正と米国が127,000 BTCを押収

SoSo Crypto Daily | Mercado de criptomoedas enfrenta amplas quedas em meio à volatilidade pós-liquidação; Modificação do K-Line da Binance e EUA apreendem 127 mil BTC

SoSo Crypto Daily | Криптовалютный рынок сталкивается с широким снижением на фоне волатильности после ликвидации; Модификация K-Line на Binance и США изымают 127 тыс. BTC

SoSo Crypto Daily | 加密貨幣市場在清算後的波動中面臨廣泛下跌；Binance K 線修改和美國查獲 12.7 萬枚 BTC

SoSo Crypto Daily | Kripto Para Piyasası, Tasfiye Sonrası Volatilite Ortasında Geniş Düşüşlerle Karşı Karşıya; Binance K-Line Modifikasyonu ve ABD 127.000 BTC'ye El Koydu

SoSo Crypto Daily | Thị trường Crypto đối mặt với sự sụt giảm diện rộng trong bối cảnh biến động sau thanh lý; Binance sửa đổi K-Line và Hoa Kỳ thu giữ 127.000 BTC

SoSo Crypto Daily | 加密货币市场在清算后的波动中面临广泛下跌；Binance K 线修改和美国查获 12.7 万枚 BTC

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="b6694225-7ec1-4cdd-bc93-cd35141759d8"><div class="bn-block" data-node-type="blockContainer" data-id="b6694225-7ec1-4cdd-bc93-cd35141759d8"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><em>The crypto market fell 2.03% to $3.93 trillion amid ongoing volatility, with CeFi leading sector declines and only the AI sector posting gains. Binance launched a $400 million "Together Initiative" for user compensation and institutional support after community backlash over extreme liquidation prices and controversial data changes. The U.S. government seized a record 127,271 BTC ($15 billion) in a historic forfeiture, potentially making it the world's largest BTC holder. DEX platform Lighter suffered a $7 million loss after a database crash caused hours of downtime post-market collapse, raising concerns about off-chain transparency. S&amp;P Global partnered with Chainlink to bring stablecoin risk assessments on-chain, debuting on Base to boost DeFi transparency. Tether reached a $299.5 million settlement with BRIC in the Celsius bankruptcy case, resolving legacy legal disputes.</em></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="ad5d1169-af71-4fb5-bcab-15a236c5e94e"><div class="bn-block" data-node-type="blockContainer" data-id="ad5d1169-af71-4fb5-bcab-15a236c5e94e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="9f880b41-1611-43ff-b8b7-da7a113b4b77"><div class="bn-block" data-node-type="blockContainer" data-id="9f880b41-1611-43ff-b8b7-da7a113b4b77"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

LINK

USDT

<div class="bn-block-group" data-node-type="blockGroup"><div class="bn-block-outer" data-node-type="blockOuter" data-id="cf6f17f7-1366-418b-b86f-8cdc0bdc59e2"><div class="bn-block" data-node-type="blockContainer" data-id="cf6f17f7-1366-418b-b86f-8cdc0bdc59e2"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Market Update</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="40dc9595-4e60-4035-8115-66b8081cb46e"><div class="bn-block" data-node-type="blockContainer" data-id="40dc9595-4e60-4035-8115-66b8081cb46e"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Over the past 24 hours, the cryptocurrency market experienced renewed turbulence, with the total market capitalization dropping by 2.03% to $3.93 trillion. Bitcoin (BTC) declined 1.7% to $112,700, while Ethereum (ETH) fell 2.7% to $4,090. Most sectors registered losses of 4–6%, with CeFi leading the declines at -6.4%. The only exception was the AI sector, which saw modest gains of 1.14%. This widespread downturn follows last week’s sharp liquidations and highlights ongoing volatility and market fragility.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e66fb8f2-4e62-4ccb-adc2-4b3dd58c8866"><div class="bn-block" data-node-type="blockContainer" data-id="e66fb8f2-4e62-4ccb-adc2-4b3dd58c8866"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Binance Launches $400 Million "Together Initiative" Amid Community Scrutiny</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="e6152706-b14f-498d-b69f-a07b574d3ee9"><div class="bn-block" data-node-type="blockContainer" data-id="e6152706-b14f-498d-b69f-a07b574d3ee9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Binance announced a $400 million industry recovery and confidence-building initiative called the "Together Initiative," including $300 million in compensation for users affected by forced liquidations during the October 11 crash and a $100 million institutional support plan (offering low-interest loans). Despite this, the community has raised questions about the extremely low prices reached by some altcoins on Binance compared to other exchanges—for example, ATOM briefly hit $0.001 on Binance while only touching $2.8 on Kraken. Binance’s initial decision to manually alter candlestick data to reflect more favorable prices sparked further discontent. Although the exchange reverted these changes and introduced the compensation plan, skepticism remains about market integrity and Binance’s crisis management strategy.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="7f0c673c-c65d-479c-a298-e1d191315bc5"><div class="bn-block" data-node-type="blockContainer" data-id="7f0c673c-c65d-479c-a298-e1d191315bc5"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>U.S. Government Seizes Record 127,271 BTC in Historic Forfeiture Case</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="784a277c-bf4f-4823-880f-f0cf35a34141"><div class="bn-block" data-node-type="blockContainer" data-id="784a277c-bf4f-4823-880f-f0cf35a34141"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">In a joint statement, the U.S. Attorney’s Office for the Eastern District of New York and the National Security Division confirmed the government has filed a civil forfeiture lawsuit against approximately 127,271 BTC (worth about $15 billion), now under U.S. custody. The assets, obtained through fraud and money laundering, were seized after authorities obtained the private keys to non-custodial wallets controlled by the accused. This marks the largest cryptocurrency seizure in U.S. history. Should these funds become part of the U.S. government’s strategic BTC reserves (currently only passive seizures, not purchases), the government would possess around 324,000 BTC ($36.2 billion), making it the largest BTC-holding entity globally.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="adac92eb-66b8-4d6b-a6e7-540fd3eb169c"><div class="bn-block" data-node-type="blockContainer" data-id="adac92eb-66b8-4d6b-a6e7-540fd3eb169c"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Lighter DEX Experiences Hours-Long Outage After Market Crash</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="50d8f50b-85a2-42d4-adfe-5a9579d7a3f0"><div class="bn-block" data-node-type="blockContainer" data-id="50d8f50b-85a2-42d4-adfe-5a9579d7a3f0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">Perpetual DEX platform Lighter reported that its sequencer database crashed about five hours after the market collapse, resulting in 4.5 hours of downtime. Fortunately, this did not occur during peak volatility, but traders suffered total losses of $7 million. Lighter compensated with 75,000 reward points and USDC refunds for liquidation fees. The incident highlights concerns about the transparency of off-chain trade matching and whether centralized components can reliably fulfill their services, especially during stress events—a reminder of the ongoing debate over decentralization versus operational robustness in crypto trading infrastructure.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="66ed18de-974f-4cd3-98ce-de9faf48129b"><div class="bn-block" data-node-type="blockContainer" data-id="66ed18de-974f-4cd3-98ce-de9faf48129b"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>S&amp;P Global Integrates Stablecoin Risk Assessments On-Chain with Chainlink</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="3cf83fe8-a7a3-4db0-a981-967a26912dbe"><div class="bn-block" data-node-type="blockContainer" data-id="3cf83fe8-a7a3-4db0-a981-967a26912dbe"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">S&amp;P Global announced a partnership with oracle network Chainlink to bring its Stablecoin Stability Assessments (SSA) on-chain. Through Chainlink’s DataLink, DeFi protocols and smart contracts can now access S&amp;P's stablecoin risk metrics in real time. S&amp;P currently evaluates 10 major stablecoins, including USDT, USDC, and DAI, based on factors such as asset quality, governance, redeemability, liquidity, and technical risk. The service will debut on Coinbase-incubated Ethereum Layer 2 network Base, with plans for expansion to additional chains. This integration marks a significant step toward increasing transparency and risk management in DeFi.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="853c0737-8276-4e43-b628-6f2339a468e0"><div class="bn-block" data-node-type="blockContainer" data-id="853c0737-8276-4e43-b628-6f2339a468e0"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><strong>Tether Reaches $299.5 Million Settlement with BRIC in Celsius Bankruptcy Case</strong></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="16ce0e1b-2d69-4554-8ada-c3875b7a21f9"><div class="bn-block" data-node-type="blockContainer" data-id="16ce0e1b-2d69-4554-8ada-c3875b7a21f9"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content">The Blockchain Recovery Investment Consortium (BRIC) has reached a $299.5 million settlement with Tether, resolving claims related to funds transferred and collateral liquidated prior to Celsius Network’s bankruptcy filing in 2022. The settlement, filed in U.S. Bankruptcy Court for the Southern District of New York, will see Tether pay into the Celsius bankruptcy estate. The case underscores Tether’s ongoing efforts to resolve legacy legal issues in the U.S. and further disentangle itself from past counterparty risk.</p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="242beb8c-6ba8-4884-92fc-633bd5c0722a"><div class="bn-block" data-node-type="blockContainer" data-id="242beb8c-6ba8-4884-92fc-633bd5c0722a"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br><br class="ProseMirror-trailingBreak"></p></div></div></div><div class="bn-block-outer" data-node-type="blockOuter" data-id="bbc2bf57-7a45-4f3f-a144-b3451ae39464"><div class="bn-block" data-node-type="blockContainer" data-id="bbc2bf57-7a45-4f3f-a144-b3451ae39464"><div class="bn-block-content" data-content-type="paragraph"><p class="bn-inline-content"><br class="ProseMirror-trailingBreak"></p></div></div></div></div>

Crypto Market Faces Broad Declines Amid Post-Liquidation Volatility; Binance K-Line Modification and U.S. Seizes 127K BTC