Historic crypto crash, Binance USDe peg attacked, BNB hits ATH

from FOMO HOUR: A Daily Crypto & Web3 News Show · host Decrypt Media

BTC briefly hits $100k, alts down 80% in wipe-out. Initial trigger appears to be Trump post on tariffs. Binance USDe peg attacked causing liquidation wave. $19b reported liquidations, $30-40b total suspected. Many altcoin perps hit 0 on exchanges. Rumours two large trading firms were liquidated. Binance compensates users $283m for carnage. Hyperliquid auto-deleveraged many positions. Market recovers by Monday, BTC only down 5%. BNB hits new ATH, Trump mulls pardon for CZ. TAO & ZEC lead strength in altcoins. Big US banks jointly exploring stablecoin. Morgan Stanley to open crypto for all accounts. ETH Foundation launches Tornado cash defense fund. Kalshi raises $300m at $5b valuation. Polymarket probed for suspicious trades. Aster buys back 100m tokens, airdrop on 20th. Securitize in talks for public listing with SPAC. Coinbase plans to launch AmEx card in US.

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This episode was published on October 13, 2025.

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