MAROKO133 Eksklusif crypto: Why Is Crypto Down Today? – October 16, 2025 Hari Ini

📌 MAROKO133 Update crypto: Why Is Crypto Down Today? – October 16, 2025 Edisi Jam

The crypto market is down today, with the cryptocurrency market capitalization decreasing by 1.4%, rising to $3.88 trillion. Of the top 100 coins, 93 have dropped over the past 24 hours. At the same time, the total crypto trading volume is at $194 billion.

Crypto Winners & Losers

At the time of writing, 9 of the top 10 coins per market capitalization have seen their prices decrease over the past 24 hours.

Bitcoin (BTC) decreased by 2.2% since this time yesterday, currently trading at $110,774.

Ethereum (ETH) is down by 4.4%, now changing hands at $3,993.

The highest drop in the category is 6.8% by Solana (SOL), which currently trades at $192.

It’s followed by XRP’s 5.5% to $2.39.

The only green coin is Tron (TRX), which appreciated 0.4% to the price of $0.3216.

Looking at the top 100 coins, we find 93 of them in red. Among these, Bittensor (TAO) is the reddest, having dropped 14.2% to $388.

Two more coins recorded double-digit drops: Aster (ASTER) with 12.8% and Story (IP) with 10%, now trading at $1.32 and $6, respectively.

On the other side, ChainOpera AI (COAI) is at the top, recording another substantial day of gains, with a rise of 53.1% to $24.

It’s followed by the only other two coins with increases over 0.5%: Provenance Blockchain (HASH) and Figure Heloc (FIGR_HELOC), which are up by 5.4% and 3.2% to $0.03561 and $1.02, respectively.

Meanwhile, a long-dormant Bitcoin wallet awoke on Thursday to transfer a whopping 2,000 BTC, worth about $222 million, into 51 new addresses. This has prompted discussion about whether early holders will be potentially selling or just shuffling their funds.

‘The Market Risks Deeper Contraction’

“Bitcoin’s rally to $126.1k reversed amid macro stress and a $19B futures deleveraging, one of the largest in history,” the Glassnode analysts said in their latest report.

The renewed sell pressure was amplified by the trade threats from the US towards China.

Notably, the drop below the $117,000–$114,000 cost-basis zone put top buyers in the loss territory. It also exposed renewed market fragility.

Moreover, the weaker ETF inflows signal “fading institutional demand,” the report notes, while spot markets saw a sharp though orderly sell-off.

“This latest contraction is particularly concerning, as it marks the third instance since late August where Bitcoin’s spot price has dipped below the 0.95-quantile price model ($117.1k)—a level where over 5% of supply, primarily held by top buyers, sits at a loss,” say the analysts.

“Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of [the $108.4k–$117.1k] range.”

Historically, when price fails to hold this zone, t…

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🔗 Sumber: cryptonews.com

📌 MAROKO133 Hot crypto: Kraken Buys CFTC-Regulated Small Exchange for $100M to Lau

Kraken has acquired Small Exchange, a CFTC-regulated Designated Contract Market, from IG Group for $100 million, marking a major step in its effort to expand into the US derivatives market.

The acquisition allows Kraken to create a fully U.S.-based trading venue for regulated futures and other derivatives products.

Kraken to Unite Spot, Futures, and Margin Trading Under One Regulated System

In a Thursday press release, Kraken said the purchase enables the company to integrate spot, futures, and margin trading within a single regulated liquidity system.

“Under CFTC oversight, Kraken can now integrate clearing, risk, and matching into one environment that meets the same standards as the largest exchanges in the world,” said Arjun Sethi, co-CEO of Kraken.

The move comes amid a surge in US crypto derivatives trading, driven by institutional investors and the growing availability of regulated products.

Data from the CME Group shows that average daily cryptocurrency futures volumes rose 136% year-over-year in the second quarter, reaching 190,000 contracts.

The acquisition of Small Exchange, originally owned by IG Group, gives Kraken the framework to offer onshore derivatives products under direct CFTC supervision, a milestone few crypto firms have achieved.

The company said the deal will help reduce market fragmentation and improve efficiency by connecting its spot and derivatives markets through one infrastructure.

Kraken’s expansion into the US derivatives space follows a series of strategic acquisitions.

Earlier this year, the company bought NinjaTrader, a US futures platform that offers access to CME-listed cryptocurrency futures.

Kraken also operates regulated derivatives venues in the U.K. and European Union, where it provides access to more than 450 digital and traditional assets across six fiat currencies.

With this latest acquisition, Kraken aims to establish itself as a global player in institutional-grade crypto markets, positioning its infrastructure to serve the next generation of regulated trading.

“This is not about marketing or narrative,” Sethi added. “It’s about building better market structure.”

Kraken Eyes $20B Valuation Ahead of 2026 IPO

As reported, Kraken is reportedly in advanced talks to raise $200–$300 million from a strategic investor, a deal that could value the crypto exchange at $20 billion ahead of a planned 2026 public listing, according to Bloomberg.

The move follows a quiet $500 million round completed earlier at a $15 billion valuation, signaling the company’s growing momentum among U.S. crypto heavyweights preparing to go public.

The San Francisco-based exchange is working with Morgan Stanley and Goldman Sachs to lead its IPO and continues to expand aggressively through acquisitions and leadership changes.

Beyond its financial growth, Kraken is becoming more politically active. It pledged $2 million to pro-crypto political action committees supporting candidates aligned with digital asset innovation, including donations to the Digital Freedom Fund and Andreessen Horowitz’s America First Digital initiative.

The post Kraken Buys CFTC-Regulated Small Exchange for $100M to Launch US Derivatives Platform appeared first on Cryptonews.

🔗 Sumber: cryptonews.com