A major crypto selloff hit altcoins especially hard, with reports saying many tokens briefly fell 30% to 80% during a flash crash before partially rebounding. Coverage from The Defiant says the move came amid a broader market rout in which Bitcoin briefly dropped below $106,000, and that most altcoins on major exchanges saw extreme intraday swings before recovering. The immediate trigger appears to have been a broader liquidation event and market-wide risk-off move rather than a problem limited to one project. Related reporting says crypto markets were hit by a record wave of liquidations, with roughly $131 billion erased from the altcoin ecosystem and about $380 billion wiped from the total market in the same session, underscoring how leveraged positions can amplify volatility in thinner altcoin markets. More recent market coverage also shows the damage was not evenly distributed: privacy coins and politically linked tokens such as Monero, Zcash, Dash, Official Trump (TRUMP), World Liberty Financial, Solana, and Ethereum were among the notable losers in the aftermath. The story matters because it shows how quickly speculative crypto assets can unwind when leverage is forced out of the system, and because altcoins generally fall harder than Bitcoin in stress events. Even after Bitcoin recovered part of its losses, several altcoins remained sharply underwater, suggesting the crash may have left lasting damage to risk appetite across the sector.

AI-generated background, compiled from web sources — not editorial content.

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A LOOK INTO COINBASE: Coinbase’s “brand refresh” is really a pivot into an everything exchange—AI agents, stocks, perps, prediction markets, regulated token sales, B2B stablecoins, SocialFi, and curated DeFi—all on crypto rails. Bull case: this makes Coinbase a global financial utility, pulls TradFi liquidity onchain, scales revenue, and accelerates mass adoption. Bear case: it dilutes altcoins, centralizes power, invites heavy regulation, and could kill degen culture as capital rotates from speculative tokens into real, cash-flow assets.

A LOOK INTO COINBASE: Coinbase’s “brand refresh” is really a pivot into an everything exchange—AI agents, stocks, perps, prediction markets, regulated token sales, B2B stablecoins, SocialFi, and curated DeFi—all on crypto rails. Bull case: this makes Coinbase a global financial utility, pulls TradFi liquidity onchain, scales revenue, and accelerates mass adoption. Bear case: it dilutes altcoins, centralizes power, invites heavy regulation, and could kill degen culture as capital rotates from speculative tokens into real, cash-flow assets.

𝕏/@hooeem ·

Coinbase Derivatives will launch 24/7 futures trading for major altcoins in December, expanding beyond BTC and ETH. The exchange also plans U.S. perp-style futures with five-year expiries to deepen its derivatives lineup.

Coinbase Derivatives will launch 24/7 futures trading for major altcoins in December, expanding beyond BTC and ETH. The exchange also plans U.S. perp-style futures with five-year expiries to deepen its derivatives lineup.

The Block ·

Arthur Hayes dumped large amounts of ETH, ENA, and several altcoins after the market crash, even after previously vowing not to take profits again. Meanwhile, ZEC surged strongly, becoming the only major alt he continues to support.

Arthur Hayes dumped large amounts of ETH, ENA, and several altcoins after the market crash, even after previously vowing not to take profits again. Meanwhile, ZEC surged strongly, becoming the only major alt he continues to support.

Cryptopotato ·

Nearly 1 in 10 crypto users have never owned Bitcoin, a CoinGecko survey found. While 63% started their crypto journey with BTC, altcoins are increasingly becoming the first entry point for newcomers.

Nearly 1 in 10 crypto users have never owned Bitcoin, a CoinGecko survey found. While 63% started their crypto journey with BTC, altcoins are increasingly becoming the first entry point for newcomers.

Coingecko ·

Ex-SEC chief Gary Gensler sounds alarm on altcoins as agency pivots on crypto; Fed cuts rates, Warren targets crypto czar Sacks, and Dragonfly’s Rob Hadick breaks down funding trends.

Ex-SEC chief Gary Gensler sounds alarm on altcoins as agency pivots on crypto; Fed cuts rates, Warren targets crypto czar Sacks, and Dragonfly’s Rob Hadick breaks down funding trends.

CNBC ·

The SEC has once again hit pause on crypto ETF decisions—delaying bids from BlackRock, Fidelity & Franklin Templeton to add ETH staking, plus Franklin’s proposed XRP and Solana funds.

The SEC has once again hit pause on crypto ETF decisions—delaying bids from BlackRock, Fidelity & Franklin Templeton to add ETH staking, plus Franklin’s proposed XRP and Solana funds.

The Block ·

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