The crypto market has experienced its biggest crash. Revolut is planning a double IPO with a valuation of $75 billion. Binance has launched a platform for memecoins. A crypto gang from Odesa defrauded 1,500 investors under the guise of a profitable business

Crypto market crash: $19 billion in futures liquidated

 

The global crypto market has experienced its biggest crash. On October 10-11, 2025, futures positions worth more than $19 billion were forcibly closed.

 

The sharp decline began after US President Donald Trump announced the introduction of 100% tariffs on Chinese goods and possible export restrictions on American software. After this news, digital asset prices plummeted:

 

1. Bitcoin fell to $104,950 (-8%);
2. Ethereum fell to $3,504 (-12.68%);
3. Among altcoins, Dogecoin (-23%) and Cardano (-20%) fell the most.

 

Over the course of a day, the total capitalization of the crypto market fell by almost 10%, and some tokens lost up to 70% of their value.

 

Against the backdrop of falling digital asset prices, the positions of over 1.6 million traders were liquidated. Most closures were for longs (bets on growth), with a total volume exceeding $16 billion. The Hyperliquid platform recorded the largest volume of liquidations at $10.3 billion, and the largest single loss was $203 million.

 

Experts say that, in addition to fundamental indicators, the price was influenced by technical correction and excessive leverage. At the same time, they are confident that the panic is short-term, and the Bitcoin market remains strong. Long-term investors continue to hold assets, which may contribute to a quick reversal of the negative trend.

 

As of October 13, Bitcoin is trading at $115,341 and Ethereum at $4,174.

Binance has launched a platform where you can buy new memecoins before anyone else

 

The Binance crypto exchange has introduced a new service called Meme Rush, which allows users to buy meme tokens (coins created based on internet memes) even before they are listed on exchanges. The feature is available to owners of the Binance Wallet (Web3 wallet).

 

The platform was created in collaboration with Four.Meme, a service that helps launch new meme coins. Binance uses a mechanism whereby the price of a token automatically increases as demand grows. The process involves three stages:

 

1. Launch. A new token appears. Early adopters can buy it at a low price through Binance Wallet and hold it in their wallet. It is not possible to send the memecoin to other users at this stage.
   
   
2. Finalization. The token's price gradually increases, and the developers prepare it for release on an open exchange.
   
   
3. Migration. When the project gains sufficient capitalization (about $1 million), the token is added to a decentralized exchange (DEX), where anyone can trade it.

 

Binance Wallet users receive a fourfold bonus on their trading volume. The bonus is valid at all stages of Meme Rush and for another 30 days after the token is released on Binance Alpha (pre-listing pool).

Cyber police expose crypto gang from Odesa: fictitious investments and hundreds of defrauded people

 

The Ukrainian cyber police have uncovered an international fraudulent scheme organized by criminals from Odesa. They promised people returns on their investments, but in reality, they simply took their money.

 

According to the investigation, the group created fake websites for non-existent companies that allegedly engaged in advertising traffic arbitration. To inspire confidence, they regularly changed the companies' names and published fictitious reports on "profitable activities."

 

Users were asked to register, choose an investment plan, and top up their balance. In their personal accounts, people saw dividends, but in reality, the money was immediately transferred to the criminals' crypto wallets. When the amount became significant, the scammers disappeared and ceased contact.

 

The organizer of the scheme turned out to be a 28-year-old Odesa resident. The group worked remotely and in rented offices. From 2024 to 2025, over 24 million UAH was deposited into their accounts. The cyber police detained eight people, and another is wanted. Over 1,500 people, including foreign citizens, were affected by the gang's actions.