Crypto Survives Another Crazy Trump Friday 😱
If you've been in crypto long enough, then you know just how much the crypto president loves his classic Friday announcements. So, this weekend, stocks get to chill, and crypto? Yeah, we take the hit, and now, Binance is cutting compensation checks while Bybit got a free pass, and now we're bouncing back harder than ever.
But last week wasn't all about rebounds and green candles. The week also comes with some heartbreaking news that reminds us that there are real people behind these numbers from the crypto community. 💔
Here are the highlights:
- Bitcoin, Ethereum Rebound as Trump Contains China Chaos to the Weekend
- Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe
- Ukrainian crypto trader Konstantin Galich found dead after crypto’s historic wipeout
- Bybit Makes History as First Exchange to Land Full UAE Securities License
Bitcoin, Ethereum Rebound as Trump Contains China Chaos to the Weekend
The Trump-China drama may have been perfectly timed because Donald Trump struck a calm, almost rehearsed tone after Friday’s sudden market crash, before TradFi markets open on Monday. Crypto is often caught holding the ball as President Trump’s market-moving announcements tend to come on Friday, almost sparing stocks from the carnage. Global markets could be steady by Monday morning, and crypto, which absorbed the shock over the weekend, is already leading the rebound.
Binance to Compensate Users Affected by Crash in wBETH, BNSOL, and Ethena’s USDe
Binance has voluntarily announced compensation for users who incurred losses due to platform's disruptions late Friday that triggered a significant price crash in wrapped beacon ether (wBETH), Binance Staked SOL (BNSOL), and Ethereum's synthetic dollar USDe. "Due to significant market fluctuations over the past 16 hours and a substantial influx of users, some users have encountered issues with their transactions. I deeply apologize for this. If you have incurred losses attributable to Binance, please contact our customer service to register your case," Yi He, co-founder and chief customer officer at Binance, said on X.
Ukrainian crypto trader Konstantin Galich found dead after crypto’s historic wipeout
The relentless bloodbath in crypto markets this week has delivered not only financial devastation but also personal tragedy. On October 11, 2025, prominent Ukrainian crypto trader and educator Konstantin Galich, widely known as Kostya Kudo, was found dead inside his Lamborghini in Kyiv’s Obolonskyi district. Galich, aged 32, was discovered with a gunshot wound to the head. A registered firearm was found beside him. Initial police findings point toward suicide, though authorities have also opened a criminal investigation under the premeditated homicide statute, signaling their caution to fully establish the circumstances.
Bybit Makes History as First Exchange to Land Full UAE Securities License
Bybit has received a Virtual Asset Platform Operator License from the Securities and Commodities Authority of the United Arab Emirates. The exchange announced the approval on Thursday, eight months after receiving in-principle approval from the regulator in February 2025. The license allows Bybit to offer regulated virtual asset trading, brokerage, custody, and fiat conversion services throughout the UAE. Both retail and institutional clients will have access to these services under the new license.
Other Highlights Worth Mentioning
UK Finally Opens Crypto ETPs to the Public After Long Ban - 99Bitcoins
$11B Bitcoin whale returns with $360M BTC transfer after 2 months - TradingView
Bitmine acquires 128,718 ETH after the crash as institutions buy the dip - TodayOnChain
Strategy reports $3.9B Bitcoin gain in Q3, becomes the 106th largest US public firm - Cryptoslate
COINIGY FACT OF THE DAY.
On this day in 2015, Bitcoin closed at approximately $249.51, reflecting the early, volatile days of mainstream cryptocurrency adoption.
At the time, global awareness of Bitcoin was still developing — Ethereum had only launched two months earlier, and most institutional investors were still on the sidelines. This price point now serves as a powerful benchmark in long-term retrospectives of crypto’s growth: from sub-$300 per coin in 2015 to tens of thousands of dollars less than a decade later. It underscores how far the digital asset market has evolved in adoption, infrastructure, and institutional participation since those formative years.
COINIGY MEME OF THE WEEK
