Trump Makes Shocking Big Money Move, Sends Markets Soaring 💸

Coinigy Team

10 Nov 2025 • 3 min read

The duality of crypto is hitting different right now. On one hand, institutional adoption is going crazy before our eyes, governments are talking about crypto dividends, and the infrastructure is maturing. On the other hand, the same lack of regulation that makes decentralized finance beautiful also creates the perfect environment for the guys in black hoodies.

By the way, last week looked to be bullish on price action, and bearish on human behavior. I mean, Trump's literally promised to airdrop $2K to every American, and this has sent spot markets rallying while fraud cases are being stacked up from Hong Kong to the Middle East. Nowadays, crypto is where the fortunes are at, and sometimes, souls are sold.

Here’s what you’re getting in today’s edition:

Crypto Prices Rise as Trump Announces ‘At Least’ $2K Tariff Dividend Per American
Hong Kong Charges 16 in $205 Million JPEX Crypto Fraud Probe
South Korea Reconsiders Crypto Sanctions After U.S. Crackdown
Bank of England launches stablecoin consultation, final rules to come in 2026

Crypto Prices Rise as Trump Announces ‘At Least’ $2K Tariff Dividend Per American

Cryptocurrency prices nudged higher after U.S. President Donald Trump said a direct tariff dividend of “at least” $2,000 will be paid out to most Americans. In a Truth Social post, Trump said the U.S. is generating “trillions of dollars” in tariffs and said the funds would both reduce the country’s $37 trillion national debt and finance the dividend. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” Trump wrote. The announcement helped cryptocurrency prices rise.

Hong Kong Charges 16 in $205 Million JPEX Crypto Fraud Probe

Hong Kong authorities have charged 16 people, including influencer and former lawyer Joseph Lam Chok, over their alleged involvement in the $205 million (HK$1.6 billion) JPEX crypto fraud. The suspects were accused of fraud, conspiracy to defraud, and money laundering under Hong Kong’s anti-money-laundering law after a two-year investigation into the unlicensed exchange, according to a report from South China Morning Post.

South Korea Reconsiders Crypto Sanctions After U.S. Crackdown

South Korea is taking a fresh look at how it handles sanctions against North Korea after the United States imposed penalties on individuals and entities linked to the regime’s crypto operations. The U.S. Treasury recently hit eight people and two organizations for laundering digital assets that allegedly support Pyongyang’s weapons program. It all began when U.S. officials exposed a network of North Korean actors accused of funneling stolen crypto through laundering operations.

Bank of England launches stablecoin consultation, final rules to come in 2026

The United Kingdom’s central bank is moving toward stablecoin regulation by publishing a consultation paper proposing a regulatory framework for the asset class. The Bank of England (BoE) on Monday released a proposed regulatory regime for sterling-denominated “systemic stablecoins,” or tokens it said are widely used in payments and therefore potentially pose risks to the UK financial stability.

Other Highlights Worth Mentioning

Mastermind behind $300M crypto pyramid scheme arrested in Spain - Protos

Appeals Court Rejects Prisoner's Lawsuit Over Alleged $354M Bitcoin Loss - Decrypt

Convicted Russian crypto scammer and his wife found murdered in the UAE - Cryptoslate

Spain’s Civil Guard Arrests Alleged Leader of 260M Euro Crypto-Linked Ponzi Scheme - Coindesk

COINIGY FACT OF THE DAY.

On this day in 2024, Bitcoin topped $80,000 for the first time, marking a major nominal price milestone for BTC and renewed institutional interest.

Nov 10 (Reuters) - Bitcoin was trading near record $80,000 on Sunday after hitting it earlier in the session, following Donald Trump's decisive victory in the U.S. presidential election earlier in the week. Bitcoin, the world's biggest and best-known cryptocurrency, is up 65.4% from the year's low of $38,505 it hit on Jan. 23.