Latest Crypto News and Market Updates – October 10

1. Bitcoin, Ethereum, and Solana slightly correct as FOMO cools down

After a period of strong gains, BTC, ETH, and SOL all saw mild corrections as market sentiment cooled and FOMO subsided. Meanwhile, U.S. stock markets closed in the red, and crypto-related stocks moved mixed. Analysts view this short-term “breather” as a healthy pause after an extended rally.

2. Meme coin battle heats up on Binance Wallet

The meme coin frenzy continues within the Binance Wallet ecosystem, with emerging tokens like BNBHolder ($37M market cap), 修仙 (Xiuxian/Cultivation – $30M), and memerush ($9M) attracting attention. The Xiuxian token surged following a viral post by He Yi, a key Binance figure. However, liquidity is rotating out of older memes such as BinanceLife toward newer, hotter projects — signaling a shift in investor preference toward novelty and hype.

3. Privacy coins surge as Zcash (ZEC) quadruples in two weeks

Privacy coins are regaining momentum, with Zcash (ZEC) skyrocketing 4x in just two weeks after investor Naval Ravikant called it “insurance against Bitcoin.” The renewed focus on blockchain privacy has also boosted DASH and other similar assets, as investors seek safer and more private stores of value amid increasing on-chain surveillance.

4. $CHEEMS rallies sharply — but is it peaking?

$CHEEMS posted impressive gains driven by three key factors: the meme trading boom on BSC, whale investor Christian locking his tokens for two years, and the Chinese community dubbing it “Binance Doge.” However, after such a steep rise, concerns are growing that the short-term top may be near.

5. $ZORA jumps 50% following Robinhood listing

After being listed on Robinhood, $ZORA surged 50%. While the Base ecosystem remains relatively quiet, ZORA has emerged as a standout performer, drawing investor attention and liquidity.

6. Controversy at OKX: Founder Star criticized for “anti-meme” stance

OKX founder Star sparked backlash after expressing disapproval of meme tokens, leading to heated debate online. On OKX’s Layer 2 network (X Layer), $OKB traded sideways around $209, $XDOG dropped sharply, and “OKX Life” fell to a $2M market cap. Investors are advised to avoid low-hype sectors until clearer trends emerge.

7. Kerrisdale Capital targets BMNR – Du Jun fires back

Short-selling firm Kerrisdale Capital announced bearish positions against BMNR, a company with large ETH holdings. In response, BMNR founder Du Jun stated, “Shorting BMNR is fine, but shorting ETH is stupid.” His comment underscores strong confidence in Ethereum’s long-term potential.

8. Institutional investors continue accumulating Bitcoin in Q3

Recent reports show public companies added 190,000 BTC worth approximately $23.36 billion to their balance sheets. Deutsche Bank forecasts that Bitcoin and gold could become core reserve assets for central banks by 2030 — a major milestone if realized.

9. Market sentiment: cautious and short-term oriented

BTC faces short-term pressure as bulls and bears struggle for control, while ETH mirrors a similar tug-of-war. The BNB ecosystem remains active, with AI token $COAI driving rotation across sectors. Overall, traders are favoring short-term plays and quick profit-taking, with no clear signals for a sustained long-term rally yet.

Overview

On October 10, 2025, the crypto market saw a mild correction as major assets cooled after strong gains. Meme and privacy coins led the narrative, with ZORA and CHEEMS in focus. Meanwhile, institutions continued accumulating Bitcoin — signaling confidence in the market’s long-term outlook.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.