Core Insights - Cryptocurrencies experienced a significant decline last week, indicating a lack of investor confidence despite a broader market recovery [1] Group 1 - The overall cryptocurrency market saw a slump, with many investors remaining hesitant to invest again [1]

Market Overview - The crypto market is rebounding from a significant crash on October 10, which saw nearly $19 billion in liquidations, indicating surprising resilience despite initial recovery concerns [1] Chiliz (CHZ) - Chiliz (CHZ) has experienced a 12% increase in the past 24 hours, currently trading at $0.0355, as it attempts to recover from a 25% decline [2] - The upcoming Snake8 hard fork, scheduled for next week, aims to enhance competition among validators and could drive CHZ's price beyond $0.0364 towards $0.0382 or higher [3] - If the hard fork fails to generate sufficient excitement, CHZ may retreat to $0.0330 or lower, indicating potential waning investor confidence [5] Sei (SEI) - Sei is facing a major token unlock this week, with approximately 55.56 million SEI valued at $12.78 million entering circulation, which may increase market volatility [6] - Investors should be cautious after SEI's recent drop to an all-time low of $0.068, as the influx of tokens could limit recovery potential if demand does not match supply [7] - If the newly unlocked supply is absorbed effectively, SEI could rise towards $0.244 and potentially $0.305, invalidating the current bearish momentum [8] Bittensor (TAO) - Bittensor (TAO) is gaining attention following Grayscale's Form 10 filing with the U.S. SEC, which may lead to broader institutional investment opportunities [9] - TAO's price surged 36% in the past 24 hours, currently trading at $407, with potential to break past the $410 resistance and aim for $450, reflecting growing investor optimism [10]

Crypto Market Recovery - The crypto market experienced a significant rebound on Monday, with Bitcoin rising 3% to approximately $115,000 and Ethereum increasing nearly 9% to around $4,130, following a historic liquidation event [1][2] - The total market capitalization of all cryptocurrencies recovered nearly 5% to reach $4.01 trillion after dipping below the $4 trillion mark [1] Liquidation Event - A disastrous Friday saw over $19 billion in traders' positions liquidated, marking the largest one-day liquidation event recorded by CoinGlass [2] - Bitcoin's market capitalization dropped by more than $200 billion, with a price decline of nearly 10%, while Ethereum experienced a more severe drop of almost 14% [2] Impact on Stablecoins - The market turbulence also affected stablecoins, with USDe, a major stablecoin, temporarily depegging to 65 cents on Binance before rebounding to $1 [3] - The depegging incident was isolated to Binance and not observed on other exchanges, as clarified by the founder of Ethena Labs [3] Trade Tensions with China - The market chaos coincided with President Trump's social media post threatening China with a 100% tariff on top of existing tariffs, following China's recent trade restrictions on rare earth metals [4][5] - Trump's aggressive rhetoric was later softened, with a follow-up post stating that the U.S. aims to help China, not harm it, and U.S. Treasury Secretary Scott Bessent confirmed a de-escalation of trade tensions [6]