PDAXScope: Bitcoin rises, BNB shines, Hyperliquid gains

Bitcoin Climbs to $111K as Whipsaw Action in Crypto Continues (CoinDesk)

Bitcoin surged to around US $111,000 after a week of sharp ups and downs, driven by renewed optimism in the crypto market, as reported by CoinDesk. Traders reacted to news of Binance founder Changpeng Zhao’s U.S. pardon and upcoming inflation data, both fueling short-term volatility. Analysts reportedly state that the whipsaw movement shows how sensitive crypto prices remain to major headlines and market sentiment.

BNB wins ‘Uptober’ amid Binance market crash scrutiny (Cointelegraph)

BNB surged to record highs amid a memecoin boom on BNB Chain, reportedly stealing the “Uptober” spotlight from Bitcoin as October’s breakout month, as reported by Cointelegraph. At the same time, Binance is under scrutiny for reported platform issues that amplified the recent $19 billion crypto liquidation event.

Hyperliquid Token Defies Bitcoin Slump as Wall Street Fund Moves In (Decrypt)

The native token HYPE of the Hyperliquid ecosystem is defying the broader crypto slump, thanks to increased institutional backing and strong on-chain use, as reported by Decrypt. A Wall Street-backed fund is moving in to hold large stakes of HYPE, as Hyperliquid positions itself as a next-gen exchange built for high-speed trading and perpetual futures.

-

- 

-

-

-

Disclaimer: PDAX reaffirms that the statements in this article do not constitute financial advice. PDAX does not guarantee the technical and financial integrity of the digital assets and their ecosystems. Trading with any cryptocurrency is subject to the user’s risk and own discretion and must be done after adequate and in-depth research and analysis.

For inquiries or complaints, please contact us through the following channels:

Chatbot: https://pdax.ph or https://web.pdax.ph/ (click web chat feature)

‘Customer Support’ webpage at https://support.pdax.ph-

Email: support@pdax.ph

Please provide us your name, email address, and any other information that we may need to identify you, your PDAX Account, and the particulars of the Order and/or Transaction on which you have feedback, questions, or complaints. If you already have a registered PDAX account, please provide us your registered name and use your registered email address.

Philippine Digital Asset Exchange (PDAX), Inc. is an entity regulated by the Bangko Sentral ng Pilipinas (BSP) https://www.bsp.gov.ph. You may get in touch with the BSP Consumer Protection and Market Conduct Office through the following channels:

Email: consumeraffairs@bsp.gov.ph- Webchat: http://www.bsp.gov.ph (click web chat feature)

Facebook: https://www.facebook.com/BangkoSentralngPilipinas- Direct Line: (02) 5306 2584 / (02) 8708 7087- Trunk Line: (02) 8708 7701 loc. 2584- SMS: 21582277 (for Globe subscribers only).

For further details, you may refer to BSP's Inclusive Finance - Consumer Protection.In addition, all services related to tokenized bonds are performed by PDAX’s broker-dealer partner, BONDS.PH INC or the issuer of the tokenized bonds or its underlying assets will satisfy the terms of the tokenized bonds. Any and all purchases and trades involving tokenized bonds are subject to the user’s risk and discretion.

External links are provided for convenience and for informational purposes. They are not statements of PDAX and PDAX bears no responsibility for the accuracy, legality or content of said links.