Schlagwort: blockchain markets

• Users were unable to access accounts or execute trades for more than two hours.
• Other affected platforms included Snapchat, Reddit, Hulu, Xbox, and Fortnite.
• Crypto traders expressed frustration as reliability concerns resurfaced.

A major internet disruption on Monday briefly brought parts of the digital economy to a halt, as an Amazon Web Services (AWS) outage crippled platforms including Coinbase and Robinhood.

The two-hour blackout disrupted trading activities, streaming services, and gaming networks, reminding users of the world’s heavy reliance on cloud-based infrastructure.

The outage, which began in the early hours of Monday, affected users across regions, leaving them locked out of their accounts or unable to complete transactions.

AWS failure stalls major crypto exchanges

Coinbase, one of the world’s largest cryptocurrency exchanges, was among the first to report problems.

Users attempting to log in or execute trades encountered error messages and account timeouts.

The exchange later confirmed that the issue stemmed from an ongoing AWS outage, clarifying that customer funds remained secure.

Coinbase’s social media post on X stated, “We’re aware many users are currently unable to access Coinbase due to an AWS outage. Our team is working on the issue and we’ll provide updates here. All funds are safe.”

The exchange restored full functionality after more than two hours, but traders expressed frustration online, with some claiming losses or hinting at legal action over interrupted trades.

Robinhood, another major platform, also confirmed technical problems linked to AWS.

“AWS (one of our third-party vendors) is experiencing an outage,” the platform said in a post on X, assuring customers that its teams were working on a fix.

For investors trading fast-moving digital assets, even short-term downtime can trigger missed opportunities and price discrepancies, fuelling debate about the industry’s dependence on centralised cloud providers.

Internet-wide disruption exposes cloud dependency

The AWS failure did not stop with crypto platforms.

A string of major online services, including Snapchat, Reddit, Hulu, Grammarly, Xbox Network, Fortnite, and Electronic Arts, also experienced slowdowns or temporary access issues.

The outage highlighted how deeply embedded Amazon’s infrastructure is in global online operations—from financial transactions to entertainment and gaming.

Cloud computing, while offering flexibility and scalability, concentrates risk when one major provider experiences disruption.

AWS remains the backbone for thousands of businesses, making the impact of such outages widespread and immediate.

Monday’s incident renewed questions about redundancy and contingency planning across industries that rely on third-party data hosting.

Repeated disruptions raise reliability concerns

The recurrence of outages underscores broader concerns within the crypto community about system reliability during volatile market conditions.

Retail investors depend on uninterrupted access to execute time-sensitive trades, and any downtime can erode confidence in trading platforms.

Industry observers note that as digital asset adoption expands, exchanges must invest further in resilient infrastructure and communication transparency.

AWS under scrutiny as reliance grows

Amazon Web Services has long been the world’s largest cloud provider, hosting vast portions of the internet’s most popular platforms.

Its occasional outages, however, reveal a single-point-of-failure problem that extends beyond crypto.

Each incident amplifies concerns over whether global businesses are too dependent on one company for core online operations.

AWS has not yet detailed the specific cause of Monday’s disruption but confirmed service restoration later in the day.

The event reignited discussion on cloud diversification, pushing firms to evaluate hybrid or multi-cloud strategies to mitigate future risks.

As the digital economy continues to expand, outages like this serve as a warning of the fragility underlying its seamless surface.

Even brief interruptions can ripple across finance, communication, and entertainment, showing how interconnected and centralised the internet has become.

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• US spot Bitcoin ETFs faced $1.2B in weekly outflows as Bitcoin fell to a four-month low.
• BlackRock, Fidelity, and Grayscale saw major redemptions amid Bitcoin’s 10% weekly drop.
• Schwab says crypto interest is rising, with clients holding 20% of US crypto ETPs.

The United States’ spot Bitcoin exchange-traded funds (ETFs) faced a challenging week, with over $1.2 billion in total outflows as Bitcoin prices tumbled.

Despite the decline in institutional inflows, Charles Schwab says investor engagement with crypto-related products is rising, reflecting a growing interest among retail and institutional clients in digital assets.

Heavy outflows hit Bitcoin ETFs

Data from SoSoValue shows that the eleven US-listed spot Bitcoin ETFs collectively recorded $366.6 million in outflows on Friday, closing out a negative week for both the products and the broader cryptocurrency market.

The largest withdrawal came from BlackRock’s iShares Bitcoin Trust (IBIT), which lost $268.6 million in a single day.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) also saw substantial redemptions totaling $67.2 million, while Grayscale’s GBTC experienced $25 million in outflows. A smaller withdrawal was reported from the Valkyrie Bitcoin ETF, while the remaining funds saw no activity on Friday.

In total, spot Bitcoin ETFs in the US witnessed $1.22 billion in outflows over the past week, with only one day—Tuesday—showing minor inflows.

The downturn coincided with sharp declines in Bitcoin’s price, which fell from above $115,000 on Monday to just below $104,000 on Friday, marking a four-month low.

The steep decline highlights how sensitive institutional products remain to Bitcoin’s price movements, with ETF investors appearing to pull back amid growing market uncertainty.

Charles Schwab reports rising engagement in crypto products

While ETF redemptions signal cooling sentiment among some investors, Charles Schwab remains optimistic about the long-term potential of digital asset investment products.

Speaking on CNBC, CEO Rick Wurster revealed that Schwab’s clients now hold 20% of all crypto exchange-traded products (ETPs) in the US.

He added that interest in crypto has grown substantially over the past year, with visits to the company’s crypto-related webpages up 90%.

“Crypto ETPs have been very active,” Wurster said, emphasizing that the topic continues to draw high engagement from investors.

ETF analyst Nate Geraci noted that Schwab’s large brokerage platform positions it well to capture future demand.

The firm already offers crypto ETFs and Bitcoin futures and plans to launch spot crypto trading for clients in 2026, signaling a long-term commitment to the sector even amid short-term volatility.

Bitcoin faces rare October downturn

October, historically one of Bitcoin’s strongest months, has so far delivered disappointing results.

Data from CoinGlass shows that Bitcoin has gained in ten of the past twelve Octobers, but this year, the asset is down 6% month-to-date.

Despite the slump, some market analysts remain hopeful that the trend of “Uptober” could return in the second half of the month.

Many point to the potential for Federal Reserve rate cuts later this year as a catalyst that could reignite demand for risk assets, including Bitcoin.

For now, however, the combination of ETF outflows, price pressure, and macroeconomic uncertainty has weighed heavily on crypto sentiment—leaving investors to watch whether the coming weeks can reverse October’s red start.

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• Bitcoin’s Fear & Greed Index drops to 22, signaling extreme fear in the crypto market.
• BTC falls 13% in a week to $105,600, triggering a sharp decline in investor sentiment.
• Extreme fear may hint at a potential market bottom, but uncertainty remains high.

The cryptocurrency market has entered a phase of heightened anxiety as the Bitcoin Fear & Greed Index drops into the “extreme fear” territory.

Following a sharp decline in Bitcoin and other major digital assets, investor sentiment has deteriorated markedly, raising questions about whether a market bottom could be near—or if more downside lies ahead.

Fear & Greed index falls to extreme levels

The Fear & Greed Index is designed to gauge investor sentiment in the Bitcoin and broader cryptocurrency markets.

It does so by aggregating data from multiple sources, including volatility, trading volume, market capitalization dominance, social media activity, and Google Trends.

The index operates on a scale of 0 to 100, with higher numbers indicating greed and lower numbers indicating fear.

Scores above 53 suggest traders are becoming greedy, while readings below 47 imply a fearful environment.

When the value falls under 25, it is considered “extreme fear,” and above 75, “extreme greed.”

As of now, the index stands at 22, firmly placing it in the extreme fear zone.

This marks a decline from recent readings that had shown only moderate fear, signaling that market sentiment has weakened significantly in a short period.

Bitcoin price drop drives market anxiety

The latest move into extreme fear coincides with a steep decline in Bitcoin’s price.

The world’s largest cryptocurrency has fallen sharply over the past several days, losing about 13% over the last week to trade around $105,600 at the time of writing.

This downturn follows a broader sell-off across the crypto market, with other digital assets also posting significant losses.

The sentiment shift has been rapid—just last week, the index recorded a similar low of 24 after a sudden market drawdown.

That earlier episode saw the index swing dramatically from greed to extreme fear within a short span, reflecting how quickly optimism can turn to caution in the volatile crypto environment.

The market’s current position mirrors past instances when sharp price corrections triggered widespread fear among investors.

Historically, such periods of extreme sentiment have often corresponded with significant market turning points, although not always in a straightforward manner.

Extreme fear as a possible turning point

While a reading of extreme fear can appear alarming, it has sometimes preceded market bottoms in Bitcoin’s history.

The relationship between sentiment and price has typically been inverse—periods of extreme fear have often signaled potential accumulation phases, while extreme greed has tended to accompany market tops.

However, the connection is not guaranteed.

The last instance of extreme fear led to a temporary bottom before prices resumed their decline, suggesting that investor psychology alone may not determine near-term price direction.

As the market once again finds itself in a deeply fearful state, traders and analysts alike will be watching closely to see whether Bitcoin stabilizes or continues to fall.

The coming days could prove pivotal in determining whether this episode of fear marks the start of a longer bearish trend or the setup for another recovery phase.

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• Bitcoin price has dropped below $106,000 as bearish pressure sends cryptocurrencies plummeting.
• Ethereum, Solana, XRP and BNB have tanked below key levels.
• Macro headwinds impacting equities also led to a decline in crypto prices today.

As global markets heave amid selloff pressure, major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are trading near pivotal support levels.

A similar outlook prevails across the rest of the crypto market, with a few coins experiencing double-digit losses over the past 24 hours.

Why is the crypto market down today?

The cryptocurrency market’s downturn on October 17 stems primarily from escalating US-China trade frictions.

In the past few days, events around the two trading partners have injected significant uncertainty into global risk assets.

President Donald Trump’s renewed threats of 100% tariffs on Chinese technology exports reverberated through financial corridors.

It prompted a broad sell-off that began on October 10 and persists today.

This policy escalation, aimed at curbing China’s dominance in rare earth minerals and semiconductors, has amplified fears of retaliatory measures, inflationary pressures, and supply chain disruption.

Together, these factors have disproportionately impacted high-volatility sectors like crypto.

Adding to the macro headwinds, on top of the market witnessing over $19 billion in liquidations across leveraged positions last Friday, is the continued profit taking.

Low liquidity during Asian trading hours today has exacerbated the rot.

Institutional sentiment souring as US spot Bitcoin and Ethereum ETFs record significant net outflows adds to the weakness.

Analysts note that while the Federal Reserve’s anticipated rate cut at the October 28-29 FOMC meeting could provide a counterbalance, short-term volatility remains elevated due to the absence of positive catalysts.

Crypto ETF hype around major altcoins has also cooled.

Overall, the total crypto market capitalisation has contracted by 4.6% to $3.58 trillion.

Nearly all of the top 100 coins are in the red as risk-off sentiment spills over from equities.

Meanwhile, Coinglass data shows that over $1.01 billion has been wiped off the market in terms of 24-hour liquidations.

Bitcoin struggles below $106k

Bitcoin, the bellwether of the crypto ecosystem, has mounted a fierce but futile defence against gravity.

After a brief rebound to above $115k, BTC has dropped to under $106,000.

Bears reached lows of $105,918 in early trades on Friday, and despite bulls’ efforts, the benchmark digital asset is trading at $105,906 at the time of writing.

Bitcoin is thus firmly below the psychological mark of $110,000.

The US-China rhetoric and other factors risk pushing BTC lower. Immediate support is likely in the $103,000-$100,000 zone.

Ethereum, XRP, and SOL dip below key levels

As Bitcoin struggles below $110k, Ethereum has fared no better.

The top altcoin has plummeted 3.5% to $3,780 in the past 24 hours.

That means the Ethereum price is well below the $4,000 support level.

This dip has cascaded across the broader altcoin market.

Weakness in ETH also reflects in Solana, XRP and BNB among other altcoins.

XRP’s price hovers below the critical $3.00 mark as sellers push bulls to lows of $2.24.

Meanwhile,  Solana has cratered to below $200 to trade around $178 as bears target further strengthening.

As the market grapples with the downturn, BNB has retreated to near $1,000, and Dogecoin has slipped 9% to $0.17.

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• Daylight Energy secures $75M to grow its decentralized physical energy network.
• Framework Ventures leads funding; A16z Crypto, Coinbase Ventures join in.
• New DayFi protocol links energy infrastructure yields to DeFi investors.

Daylight Energy has raised $75 million in new funding to accelerate the growth of its decentralized energy network, marking a major milestone for the startup as it aims to bring blockchain-based innovation to the physical energy infrastructure sector.

The round combines both equity and project finance capital, underscoring growing investor interest in decentralized physical infrastructure networks (DePIN).

Funding structure and investor participation

The $75 million round includes $15 million in equity and $60 million in non-recourse project finance capital, which is secured directly against infrastructure assets, according to CEO Jason Badeaux.

This type of financing structure allows repayment from the project’s own cash flows rather than relying on the company’s balance sheet.

Framework Ventures led the $15 million equity raise, joined by several notable venture backers including A16z Crypto, Lerer Hippeau, M13, Room40 Ventures, EV3, Crucible Capital, Coinbase Ventures, and Not Boring Capital.

The project finance portion was led by Turtle Hill Capital, according to a company statement.

Daylight plans to use the new capital to advance its position in the DePIN ecosystem, particularly focusing on decentralized energy distribution.

The company previously raised $9 million in Series A funding in 2023, also led by A16z Crypto, which has remained one of its core supporters.

Expanding the DePIN vision in energy

Founded in 2022, Daylight Energy is developing a decentralized protocol that enables users to connect their energy devices—such as thermostats, batteries, electric vehicles, and solar inverters—to its application.

In return, participants earn rewards for contributing to the network’s distributed infrastructure.

The concept builds on the growing DePIN movement, which seeks to decentralize ownership and control of physical assets like telecommunications, storage, and energy infrastructure through blockchain technology.

“To build the largest decentralized energy network in the world, you need to incentivize behavior change to adopt distributed energy and catalyze a huge amount of capital behind it,” Badeaux said. “Crypto is uniquely good at doing those two things and creates opportunities to align incentives, drive down costs, and rebuild this industry on a foundation of transparency, ownership, and shared economic upside.”

Daylight’s mission aligns with a broader industry push toward democratized access to clean energy generation and participation in its value chain.

By merging blockchain incentives with real-world energy systems, the firm aims to reduce barriers to decentralized adoption.

Introducing DayFi: a bridge between energy and DeFi

Alongside the new funding, Daylight announced DayFi, a yield protocol designed to open the energy infrastructure market to decentralized finance (DeFi) investors.

The protocol will allow users to earn returns directly tied to electricity revenues generated from Daylight’s growing portfolio of solar and storage assets.

This move effectively bridges renewable energy and DeFi, offering investors exposure to real-world energy production within a blockchain-native framework.

Daylight was co-founded by Jason Badeaux, Udit Patel, and Evan Caron, all veterans of the traditional energy sector.

The team’s combined experience and backing from prominent venture firms position Daylight as one of the leading players exploring how blockchain can reshape physical infrastructure markets.

With the new financing secured, Daylight Energy is poised to expand its decentralized network footprint and further integrate energy production, distribution, and financing into a transparent, tokenized ecosystem.

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