Crypto News Today, October 10 – Bitcoin Price USD Holds at $121K as ETFs Record Strong Inflows, Zcash Jumps 33% and USELESS Hits New ATH: Best Crypto to Buy This October?

President Trump warned of sweeping new tariffs against China after accusing President Xi Jinping of pursuing “hostile” economic policies that put China’s interests first. The statement followed reports that Beijing had tightened export restrictions on rare earth minerals, a move Trump called an act of “economic aggression.”

His remarks immediately rattled global markets. According to Coinglass data, nearly $849 million in crypto positions were liquidated within 24 hours — including about $694 million in long positions and $155 million in shorts. On Binance, Bitcoin fell below $120,000, now hovering near $117,700, while Ethereum dipped under $4,200, trading at $4,111.

Equity and commodity markets also reacted negatively as investors priced in the risk of an escalating trade confrontation between the world’s two largest economies. Trump said the U.S. is ready to impose “massive” financial measures if China continues restricting rare earth exports, signaling a potentially volatile phase ahead for both traditional and digital asset markets.

2025 is proving to be a critical year for crypto adoption. Before, we had meme coins, but every token that goes live on Pump.fun risks plunging to zero as soon as it launches. The meme coin mania soon shifted to stablecoins, and out of this, early supporters, including Coinbase who are behind USDC, are deep in green.

The big boys, including BlackRock and politicians, including Donald Trump, are watching and stealthily investing billions. Plasma immediately took off, but the network is not suited for AI payment agents; however, Coinbase has a plan.

The new global financial system is here. pic.twitter.com/pkpXia30FS

— Plasma (@Plasma) September 25, 2025

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The Ethereum Foundation has announced a new initiative dedicated to funding privacy-focused developers. In its initial phase, all proceeds will go toward the legal defense of Tornado Cash developers, who face ongoing legal challenges. The Foundation’s move signals a strong stance in support of open-source privacy innovation and the right to build decentralized tools. By backing those at the center of crypto’s regulatory debate, Ethereum’s leadership is reaffirming its commitment to user privacy and the developers shaping Web3’s permissionless future.

Binance founder and current main character of crypto, Changpeng ‘CZ’ Zhao, has allegedly been targeted by the notorious North Korean state-sponsored hackers, Lazarus Group, in an attempt to gain access to his Google account.

CZ took X, posting a screenshot of the warning message alleged to be from Google, asking his followers whether they had received similar threat notifications from Google and speculating who could be behind it.

The majority of CZ’s reported $90Bn fortune comes from his early investment into Bitcoin and BNB, both of which are up 10,000x on his entries.

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The walls between Wall Street and DeFi keep thinning. KAIO, backed by Brevan Howard and BlackRock Crypto, is deploying over $200 Mn in tokenized fund strategies onto the SEI network (SEI).

It’s one of the clearest signs yet that real-world asset tokenization is slowly materializing. For Sei SEI $0.0483 1.69% Sei SEI Price $0.0483 1.69% /24h Volume in 24h $15.34M Price 7d Learn more , it’s a push into the big leagues of on-chain finance, and for KAIO’s clients, it’s a new path to move traditional capital into DeFi without leaving the guardrails of compliance behind.

Here’s what’s next for SEI

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