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Bitcoin Depot Agrees to Pay $1.9 Million in Compensation for Victims of ATM Scam in Maine Bitcoin Depot, one of the largest crypto kiosk operators in the U.S., has reached an agreement with the state of Maine to pay $1.9 million as compensation for victims of a Bitcoin ATM scam involving third-party fraudsters between 2022 and 2025. The company does not admit any wrongdoing, but the funds will be used to reimburse consumers who were defrauded through their kiosk machines, with eligible victims able to file claims until April 1, 2026.

The agreement was announced following a two-year investigation by the Maine Bureau of Consumer Credit Protection, marking a resolution in a case where scammers exploited ATMs to defraud users. U.S. authorities stated that Bitcoin ATMs remain a primary vector for scams, with total losses exceeding $333 million in 2025, prompting stricter regulations at the state level. This agreement includes granting Bitcoin Depot a money transmitter license in Maine, although the company must comply with new requirements to prevent further abuse. The incident highlights ongoing vulnerabilities in the crypto kiosk industry, where fraudsters frequently use techniques such as impersonation or fake investment schemes to target users.

Hundreds of thousands of traders have been liquidated with total losses of US$10.9 billion or Rp181.83 trillion in the last 24 hours. A total of US$8.45 billion came from long positions, and US$1.63 billion came from short positions.

Bitcoin experienced the largest loss with liquidation amounting to US$2.49 billion after the token briefly fell to US$101,000. This was followed by Ethereum with US$2.25 billion due to a drop to US$3,900.

This occurred after United States President Donald Trump once again imposed extraordinary tariffs on China, Friday (10/10).

The collapse of Bitcoin also impacted the losses of Solana, XRP, and Dogecoin amounting to more than US$1.4 billion. This also caused all three to drop by tens of percent, with XRP currently priced at US$2.3, Solana at US$194, and Dogecoin at US$0.1794.

Despite this, the crypto market is slowly recovering from losses with Bitcoin holding at US$113,000 after briefly falling below US$105,000.

The action of profit-taking in the Bitcoin market is still relatively low, even though the price of the cryptocurrency briefly broke a new record above US$126,000 earlier this week.

According to a report from the on-chain analytics firm CryptoQuant, this condition indicates that the Bitcoin rally is likely to continue and that the peak price signs have not been seen in the near future.

In the last 30 days, the total realized net profit of Bitcoin holders was only 0.26 million BTC or equivalent to US$30 billion.

This figure is 50% lower than in July, which reached 0.53 million BTC, and far below the previous peaks in March and December 2024, which were US$78 billion and US$99 billion, respectively.

The low realization of profits indicates that most investors prefer to hold onto their assets rather than sell them.

CryptoQuant's Head of Research Julio Moreno explained that as long as the realized profit momentum remains positive, the trend of rising Bitcoin prices still has the potential to continue.

"Typically, a bullish market ends when holders begin to sell amid declining profit margins," he said.

CryptoQuant also noted that long-term holders are still recording profit margins of around 129%, significantly below the extreme peak of around 300% in the previous cycle.

Moreover, the movement of Bitcoin from OG wallets, which have held this asset for over a decade, remains minimal, with only about 5,000 BTC in the last month.

BitMEX founder Arthur Hayes stated that the Bitcoin (BTC) four-year cycle pattern is now irrelevant. He emphasized that Bitcoin's movement is no longer determined by the halving pattern, but rather by global liquidity.

“Many are trying to predict the end of this rally with old patterns, but those patterns will not apply,” he said in his personal blog on Thursday (09/10).

Hayes explained that previous cycles ended when monetary conditions were tightened, not because of the four-year time frame. According to him, the market is now influenced by the economic policies of the United States and China, both of which are oriented towards monetary easing.

Moreover, The Fed has also begun cutting interest rates even though inflation is still above target, with the possibility of two more cuts by the end of the year.

“Money will be made cheaper and more abundant, and Bitcoin will continue to rise in that direction,” Hayes revealed.

He also added that China this time will not be a hindrance as it was before. The government in Beijing is now actually trying to end deflationary pressures, rather than draining liquidity from the market.

This step, Hayes said, gives room for American monetary expansion to push Bitcoin prices without pressure from China.

Zcash (ZEC) skyrocketed 35% in the last 24 hours, now priced at over US$180. Not only that, its market capitalization also surged 35% to US$2.94 billion, placing it at the 40th position as the largest crypto in the world in just a matter of days.

The price surge of Zcash was driven by the entry of large institutions and increased support from influential figures.

Grayscale, a prominent digital asset manager, has just launched a trust fund for ZEC, providing access for institutional investors and sparking speculation that a ZEC ETF could soon be filed.

This move has attracted large investors looking to diversify their portfolios beyond Bitcoin and Ethereum.

Additionally, well-known figures like Mert Mumtaz and Naval Ravikant have also promoted the privacy features of Zcash, igniting market enthusiasm.

In an increasingly stringent global context regarding financial transparency, the demand for privacy coins like ZEC has risen again, particularly due to its "shielded transactions" technology that allows users to keep their balances and transactions confidential.

After successfully predicting the surge of Bitcoin (BTC) to break a new record around US$126,000, market participants also previously forecasted the government shutdown of the United States (US) on October 1, which turned out to be accurate.

Interestingly, market participants on Polymarket are now shifting their focus to the next target, Aster (ASTER). They believe that Aster has the potential to set a new all-time high (ATH) before the end of the year, with the probability already reaching 73%.

According to data from CoinMarketCap, the current price of Aster is at US$1.95 after plummeting 19.34% from its all-time high of US$2.42. Nevertheless, market confidence remains high that the bullish trend will return soon.

This optimism is further strengthened by Binance's official launch of a new financial product for Aster. With this integration, users can now purchase ASTER using credit cards, trade it through new pairs, and participate in the Simple Earn program on the Binance platform.

SpaceX, the space company owned by Elon Musk, reportedly still holds around 8,285 Bitcoin (BTC) with a total value that has now reached US$1.01 billion, according to Arkham Intelligence on Wednesday (08/10).

However, an interesting fact emerges from SpaceX's old ownership records. In early February 2021, the company actually held 25,724 Bitcoin, before ultimately selling 17,439 pieces or about 68% of its total assets in September 2024.

If SpaceX had chosen to retain all of its Bitcoin holdings until now, the profits it could have gained would be much larger.

This is because, with the price of Bitcoin now at around US$122,000 per coin, having skyrocketed 200% since the initial purchase, the company has the potential to rake in profits of up to US$3.1 billion or equivalent to Rp52 trillion.

Nevertheless, the decision to sell the majority of its Bitcoin in the past seems to have been a well-calculated business strategy.

Now, with the remaining holdings still valued fantastically, SpaceX remains the 4th largest private corporation that has successfully capitalized on opportunities in the digital asset market, especially Bitcoin, according to BitcoinTreasuries.

The memecoin sector collapsed, led by Dogecoin (DOGE) with a decrease of 8.21% to US$0.2450 in today's trading, Wednesday (08/10). In fact, the token had previously surged to a level of US$0.2698 yesterday.

This decline occurred after the crypto market collectively corrected, with Bitcoin dropping 3% from its all-time high, valued at US$121,000.

Corrections in the memecoin market also occurred with Fartcoin (FARTCOIN) down 13% to US$0.6281, Pepe (PEPE) down 7.82% to US$0.00001219, and Shiba Inu (SHIB) down 5.39% to US$0.00001209.

Meanwhile, Floki (FLOKI) experienced a smaller decline of 5.87% to US$0.0009657.

Tokens related to the President of the United States, Donald Trump, also did not escape the decline, dropping by 4.82%, now priced at US$7.53. This means that the token has fallen about 83% from its all-time high reached after Trump was inaugurated last January.

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Ferrari has now officially opened the door for crypto millionaires to purchase their luxury sports cars using digital assets such as Bitcoin (BTC), Ethereum (ETH), and stablecoin USDC.

This new policy applies in the United States through a partnership with payment processing company BitPay, which will convert crypto into fiat currency for Ferrari dealers.

Ferrari's Chief Marketing and Commercial Officer Enrico Galliera stated that this move is aimed at reaching a new generation of customers whose wealth comes from digital assets.

"Some of them are young investors building wealth through crypto. This move will help us connect with buyers who were previously not traditional Ferrari customers," said Galliera, citing Reuters.

Ferrari joins a lineup of other car manufacturers accepting crypto payments, such as Lamborghini, Nissan, and BMW at several US dealerships.

Previously, Tesla also allowed car purchases with Bitcoin before halting it in 2021 due to Elon Musk's concerns about energy emissions from Bitcoin mining, although Tesla now hints at the possibility of resuming that policy in the future.

Binance Coin (BNB) successfully surpassed XRP and became the third largest crypto in the world on Tuesday (07/10) after soaring 27.19% in a week.

It is known that the market capitalization of the original token of the Binance crypto exchange increased by more than 5% to US$178.42 billion. This value officially surpassed the market capitalization of XRP, which fell by 0.53% to US$178.19 billion in the last 24 hours.

BNB has experienced a fantastic rally in early October, and has risen 47.16% in the last month, reaching a record high of US$1,283. On the other hand, XRP remains stagnant at US$3 despite the overall crypto market being in the green, including Bitcoin and Ethereum.