The move wiped out billions in nominal value, triggered cascading liquidations.

[Bitcoin Mining Firm Cango Holdings Surpasses 6,000 BTC] The New York Stock Exchange-listed Bitcoin mining firm Cango released its latest data on Platform X. As of October 11, 2025, the company's Bitcoin holdings have increased to 6,004.64 BTC. This figure demonstrates its continued commitment to expanding digital asset reserves, further solidifying its market position in the cryptocurrency sector.

[DWF Partner: Market Liquidity Depleted, Bitcoin May Recover Quickly] On October 11, DWF Labs Managing Partner Andrei Grachev stated that the market crash was not caused by fundamental issues but was influenced by tariff announcements and leverage liquidations. Currently, market liquidity has been depleted, but Bitcoin and quality projects are expected to recover soon.

[Bitfarms Allocates $300 Million Financing for Pennsylvania Data Center Construction] Canadian Bitcoin mining company Bitfarms announced that it will convert the $300 million debt financing from Macquarie into project-specific financing for the Phase 1 construction of the Panther Creek data center in Pennsylvania. The center is expected to be operational by the end of 2026.

Coinbase CEO Brian Armstrong announced that starting October 14, the platform will test a $5,000 transaction limit for all customers. There are future plans to gradually increase the limit for low-risk users, potentially up to $100,000, with deployment expected to be completed by mid-next year.