President Milei Walks Free as Donald Trump Faces Crypto Lawsuit
Happy Monday to those of you who ride with us. We’ve always brought it to you, and we ain’t ever stopping…. Because the year was 2009, and Satoshi had dropped the Bitcoin white paper with no name, no face, and just a little string attached, along with a quiet little document that said, essentially, "What if we didn’t need any of them?" Hasn’t taken too long after that before Germany’s biggest savings bank network is out there selling Bitcoin through a mobile app. A classic testament to crypto’s inevitability.
And on the not-too-far side of the spectrum, Mr. Crypto President has been sued for $2 billion over a deal with the UAE, citing the Constitution. In 2026. Over a stablecoin. And in reverse fashion, Argentina's president Javier Milei has just walked away clean and unbothered from that one memecoin scandal that wiped out thousands of retail investors in under 24 hours.
Here are the highlights:
- Circle Shareholder Sues Trump Over $2B UAE Crypto Deals
- Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
- Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
- Germany’s main savings bank network launches Bitcoin trading
Circle Shareholder Sues Trump Over $2B UAE Crypto Deals
A Trump UAE crypto lawsuit was filed on Thursday, Oct. 22, 2026, by Circle shareholder J. Benjamin Greenberg, who alleges that two deals linked to the United Arab Emirates violated the Constitution’s Foreign Emoluments Clause and harmed Circle. The transactions at issue are a $500 million agreement for a 49% stake in World Liberty Financial and a separate $2 billion investment in Binance funded with World Liberty’s stablecoin.
Bitcoin holds near $80,000 as oil retreats and the Fed decision looms
Bitcoin steadied near $80,400 after dipping to around $79,300 during the Asian morning, leaving it little changed since midnight UTC. Altcoins were mixed, with ether dropping 0.2% and the DeFi index (DFX) the only CoinDesk index to gain. The tone was set at the weekend, when Arthur Hayes said his Maelstrom fund sold its entire directional book, including 6,400 ether due to macro and geopolitical risk.
Argentina drops criminal probe into President Milei over crashed memecoin LIBRA
An Argentine federal judge has dismissed the criminal case against President Javier Milei over his promotion of LIBRA, a memecoin that crashed soon after its launch in February 2025. The ruling also covers Milei's sister Karina, the presidency's secretary general. U.S. businessman Hayden Davis, who described himself as an adviser to the token's launch, was also covered by the dismissal, Reuters reported. In all, 11 people were cleared, including lobbyist Mauricio Novelli and KIP Protocol CEO Julian Peh, according to Infobae.
Germany’s main savings bank network launches Bitcoin trading
DekaBank, the securities provider for Germany’s Sparkassen savings banks, launched crypto trading on Oct. 19, giving adult customers of participating banks a way to buy Bitcoin through the Sparkasse app after opening a Deka crypto account. The service, called “Krypto – powered by Deka,” also offers Ethereum, Solana, XRP and Polygon’s POL. Customers need a current account at a participating Sparkasse and open the crypto account through the app’s “Anlegen,” or investing, section.
Other Highlights Worth Mentioning
HSBC launches Hong Kong dollar stablecoin for retail payments – Cointelegraph
Canada proposes direct stablecoin cash-outs for small holders with a 1% fee cap – Cryptoslate
India's largest crypto exchange absorbs $16 million loss from internal process failure tied to retired wallet – CoinDesk
India’s top crypto exchange CoinDCX rejects hack claims after $16 million in USDT transfers reported – Crypto Briefing
COINIGY FACT OF THE DAY
On this day in October 5, 2025, Bitcoin broke above $125,000 for the first time in history, setting a new all-time high as institutional demand continued to pour into the market.
On October 5, 2025, Bitcoin surged above $125,000 for the first time in its history, setting a new all-time high. CoinDesk reported that U.S.-listed spot Bitcoin ETFs had attracted $3.24 billion in net inflows during the week ending October 3, helping fuel the rally. Decrypt separately reported that nearly $50 billion in BTC traded over the preceding 24 hours, while more than $200 million in Bitcoin short positions were liquidated.
COINIGY MEME OF THE WEEK
