- BlockLeak24
- Posts
- ⚡ BNB’s 15% Comeback and Solana’s Rise Signal a Shifting Market Mood
⚡ BNB’s 15% Comeback and Solana’s Rise Signal a Shifting Market Mood
By Miles Monroe, BlockLeak24
Miles Monroe BlockLeak24
October 12, 2025
In partnership with
Crypto’s Most Influential Event
This May 5-7 in 2026, Consensus will bring the largest crypto conference in the Americas to Miami’s electric epicenter of finance, technology, and culture.
Celebrated as ‘The Super Bowl of Blockchain’, Consensus Miami will gather 20,000 industry leaders, investors, and executives from across finance, Web3, and AI for three days of market-moving intel, meaningful connections, and accelerated business growth.
Ready to invest in what’s next? Consensus is your best bet to unlock the future, get deals done, and party with purpose. You can’t afford to miss it.
💥 After the Bloodbath, the Market Licks Its Wounds
The dust is settling after yesterday’s historic $19 billion liquidation event — a market wipeout that left thousands of traders bruised and shell-shocked.
Leverage-heavy positions across Bitcoin, Ethereum, and altcoins were decimated, triggering margin cascades unseen since the 2020 COVID crash.
Today, the tone is different. Fear has replaced euphoria. Analysts note a sharp decline in open interest and a flight to stable assets. For many retail investors, it’s a sobering reminder that crypto is not a casino — and playing the leverage game can burn more than just capital.
💰 Kalshi Raises $300M at $5B Valuation — Eyes Global Expansion
Prediction market heavyweight Kalshi just raised over $300 million at a $5 billion valuation, setting its sights on international domination.
The U.S.-born platform — once limited by regulatory constraints — now plans to open its betting infrastructure to over 140 countries, directly challenging Polymarket’s global presence.
This move could mark the next evolution of decentralized betting and financialized forecasting. As institutional investors hunt for “crypto-adjacent” exposure with legal clarity, Kalshi’s expansion may signal the beginning of a regulated prediction market renaissance.
🐋 Hyperliquid “Whales” Traced to Former BitForex CEO
New investigations have reportedly linked whales holding over 100,000 BTC on Hyperliquid to Garrett Jin, the ex-CEO of the now-defunct BitForex exchange.
Jin’s name surfaced in multiple on-chain reports after BitForex collapsed amid fraud probes earlier this year. Analysts suggest these addresses could be tied to the same network of entities that fueled suspicious volume surges across multiple DeFi platforms.
While official confirmation is still pending, the pattern echoes familiar ghosts of crypto’s past — centralized power hidden behind decentralized facades.
🚀 BNB Rebounds 15% — “No Market Maker Needed,” Says CZ
After a turbulent week, BNB shocked the market with a 15% daily rebound, reclaiming the $1,300 level.
The rally reignited debate around Binance’s ecosystem dominance, especially as former CEO Changpeng Zhao (CZ) clarified that “BNB has no market maker” — emphasizing organic demand behind its liquidity spikes.
Crypto analyst Altcoin Sherpa called BNB’s performance “extraordinary,” noting that it continues to outperform even as major caps remain shaky. For many, BNB’s rise reaffirms Binance Smart Chain’s place as “the best playground left” amid ongoing volatility.
🌞 Solana Ecosystem Roars Back to Life
The Solana network is witnessing renewed energy — and this time, it’s not just hype.
Projects like Umbra and Arcium are emerging as critical growth catalysts, introducing innovative DeFi mechanics and on-chain privacy tools that are drawing new talent into the ecosystem.
Developers say the foundation laid by these projects could trigger a full-fledged Solana renaissance — one capable of restoring SOL’s former glory and pushing it back into the top-tier spotlight.
🌍 All Eyes on U.S.–China Trade Talks
Traders are now turning their attention to macro signals. Analysts at Santiment argue that upcoming U.S.–China trade negotiations could be the key driver of the next market move.
Trump’s recently announced 100% tariffs on Chinese imports have already rattled equities and crypto alike. A breakthrough — or breakdown — in talks could decide whether Bitcoin stabilizes above $110K or faces another wave of panic selling.
🔥 Daily Market Recap (Oct 12, 2025):
Global Market Cap: $4.08T (↓ 3.5%)
BTC: $109,250 (↓ 4.1%)
ETH: $4,080 (↓ 2.9%)
BNB: $1,300 (↑ 15.2%)
SOL: $312 (↑ 7.4%)
Top Movers:
Winners: BNB (+15%), SOL (+7%), KAL (+6%)
Losers: BTC (−4.1%), XRP (−3.8%), DOGE (−3.1%)
📰 Previously on BlockLeak24