Markets just saw a $19B wipeout in a single day. In this week’s Weekly Rollup, we break down the Friday Flash Crash, what really caused it, and whether it signals the end of the cycle or just a reset.
We also cover Binance’s leaked listing fees, a major Chinese tech company quietly building on Ethereum, and reports that the U.S. may add $14B in Bitcoin to its strategic reserve. Plus, Democrats renew their push against DeFi, and Larry Fink gears up for BlackRock’s next big crypto play.
------
📣IMMUNEFI | CRYPTO SECURITY OS
https://bankless.cc/Immunefi
------
BANKLESS SPONSOR TOOLS:
🪙FRAXNET | MINT, REDEEM, EARN
https://bankless.cc/fraxnet
🦄UNISWAP | SWAP ON UNICHAIN
https://bankless.cc/unichain
🛞MANTLE | MODULAR L2 NETWORK
https://bankless.cc/Mantle
🌳KGEN | REQUEST A DEMO
https://bankless.cc/KGEN-podcast
💠BIT DIGITAL ($BTBT) | ETH TREASURY
https://bankless.cc/bit-digital
We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors
------
TIMESTAMPS & RESOURCES
0:00 Intro
3:14 Markets
https://x.com/sykodelic_/status/1978728444038152542
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
https://x.com/Pledditor/status/1978783238614126798
https://x.com/NateGeraci/status/1978254468970909820
https://x.com/iamDCinvestor/status/1978227611722486016
https://x.com/Cointelegraph/status/1978800773480825133
https://x.com/RyanSAdams/status/1978441509788590590
https://x.com/growthepie_eth/status/1978460964245631206
https://x.com/RyanSAdams/status/1978549428114882674
https://x.com/jconorgrogan/status/1978563381880582649
https://x.com/Paxos/status/1978565015943950411
https://www.kerrisdalecap.com/wp-content/uploads/2025/10/Kerrisdale-BitMine-Immersion.pdf
https://www.strategicethreserve.xyz/
https://x.com/AltcoinDaily/status/1978562431640346760
29:31 Black Friday - (Flash Crash Friday) of 2025
https://x.com/kookcapitalllc/status/1976778625942011964
https://x.com/QuintenFrancois/status/1976906323058213118 https://x.com/KobeissiLetter/status/1976664345435414918
https://x.com/diogenes/status/1976947177520808270
https://x.com/TedPillows/status/1977000112216805431
https://x.com/diogenes/article/1976947177520808270/media/1976938624139841536
https://x.com/0xdoug/status/1976850615621107743
https://x.com/wacy_time1/status/1976772080768368886
https://x.com/lighter_xyz/status/1976855873344749847
https://x.com/Rabby_io/status/1912055838702784639
https://x.com/StaniKulechov/status/1976777483824644454
https://x.com/traderview2/status/1976762799159234661
https://x.com/cobie/status/1976788855006302686
https://x.com/kris/status/1976939942254461094
https://x.com/RaoulGMI/status/1976875434785554831
48:21 Binance listing fees were leaked
https://x.com/sjdedic/status/1852049944380932142
https://x.com/cjhtech/status/1978039748565532700
https://x.com/jessepollak/status/1978095944232026236
https://x.com/CryptoDefiLord/status/1978353232838623581
https://x.com/PhilOnChain/status/1978498099493621941
https://x.com/ViktorBunin/status/1978445847235907632
https://x.com/cz_binance/status/1978391907374899379
https://x.com/gregosuri/status/1853219191391650137
https://www.bankless.com/podcast/exposing-binances-listing-fees-cj-hetherington
54:05 MEGAETH VS MONAD TOKENS
https://x.com/monad/status/1978525785800495400
https://x.com/megaeth_labs/status/1978449245931012439
https://www.bankless.com/read/news/megaeth-commences-mega-ico-registration-on-cobies-sonar-platform
58:01 Ant Group - Alipay introduced its L2
https://x.com/james_gaps/status/1978350046861984079
https://x.com/Jrag0x/status/1978358112458342697
https://x.com/RyanSAdams/status/1978431508575613213
59:51 Ethereum Phone - dGEN1 left the factory
https://x.com/jessepollak/status/1976710468539715895
1:01:19 US seized 127,000 BTC linked to pig butchering scam
https://x.com/zoomerfied/status/1978101347401539638
https://x.com/SilvermanJacob/status/1978121251303334130
https://x.com/business/status/1978122242895630685
https://x.com/tayvano_/status/1978273602719158448
https://x.com/zackbshapiro/status/1978151239796854817
1:06:02 Dems countered the Market Structure bill
https://x.com/jchervinsky/status/1976380118437331425
https://x.com/haydenzadams/status/1976678889909805501
1:08:54 Closing & Disclaimers
------
Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures