Bankless

ROLLUP: $19B Flash Crash | Binance Fee Leak | China L2 on ETH | $14B BTC Reserve


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Markets just saw a $19B wipeout in a single day. In this week’s Weekly Rollup, we break down the Friday Flash Crash, what really caused it, and whether it signals the end of the cycle or just a reset.

We also cover Binance’s leaked listing fees, a major Chinese tech company quietly building on Ethereum, and reports that the U.S. may add $14B in Bitcoin to its strategic reserve. Plus, Democrats renew their push against DeFi, and Larry Fink gears up for BlackRock’s next big crypto play.

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💠BIT DIGITAL ($BTBT) | ETH TREASURY 

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We’re being compensated by Bit Digital (NASDAQ BTBT) for this segment promoting their company and BTBT. The compensation is paid in cash as a one time payment. You can find additional information about Bit Digital and BTBT on their Investor page at https://bit-digital.com/investors


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TIMESTAMPS & RESOURCES


0:00 Intro


3:14 Markets

https://x.com/sykodelic_/status/1978728444038152542

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

https://x.com/Pledditor/status/1978783238614126798

https://x.com/NateGeraci/status/1978254468970909820

https://x.com/iamDCinvestor/status/1978227611722486016

https://x.com/Cointelegraph/status/1978800773480825133

https://x.com/RyanSAdams/status/1978441509788590590

https://x.com/growthepie_eth/status/1978460964245631206

https://x.com/RyanSAdams/status/1978549428114882674

https://x.com/jconorgrogan/status/1978563381880582649

https://x.com/Paxos/status/1978565015943950411

https://www.kerrisdalecap.com/wp-content/uploads/2025/10/Kerrisdale-BitMine-Immersion.pdf

https://www.strategicethreserve.xyz/

https://x.com/AltcoinDaily/status/1978562431640346760


29:31 Black Friday - (Flash Crash Friday) of 2025
https://x.com/kookcapitalllc/status/1976778625942011964
https://x.com/QuintenFrancois/status/1976906323058213118 https://x.com/KobeissiLetter/status/1976664345435414918

https://x.com/diogenes/status/1976947177520808270
https://x.com/TedPillows/status/1977000112216805431
https://x.com/diogenes/article/1976947177520808270/media/1976938624139841536
https://x.com/0xdoug/status/1976850615621107743
https://x.com/wacy_time1/status/1976772080768368886
https://x.com/lighter_xyz/status/1976855873344749847
https://x.com/Rabby_io/status/1912055838702784639
https://x.com/StaniKulechov/status/1976777483824644454
https://x.com/traderview2/status/1976762799159234661
https://x.com/cobie/status/1976788855006302686
https://x.com/kris/status/1976939942254461094
https://x.com/RaoulGMI/status/1976875434785554831

48:21 Binance listing fees were leaked

https://x.com/sjdedic/status/1852049944380932142

https://x.com/cjhtech/status/1978039748565532700

https://x.com/jessepollak/status/1978095944232026236

https://x.com/CryptoDefiLord/status/1978353232838623581

https://x.com/PhilOnChain/status/1978498099493621941

https://x.com/ViktorBunin/status/1978445847235907632

https://x.com/cz_binance/status/1978391907374899379

https://x.com/gregosuri/status/1853219191391650137

https://www.bankless.com/podcast/exposing-binances-listing-fees-cj-hetherington


54:05 MEGAETH VS MONAD TOKENS

https://x.com/monad/status/1978525785800495400

https://x.com/megaeth_labs/status/1978449245931012439

https://www.bankless.com/read/news/megaeth-commences-mega-ico-registration-on-cobies-sonar-platform


58:01 Ant Group - Alipay introduced its L2 

https://x.com/james_gaps/status/1978350046861984079

https://x.com/Jrag0x/status/1978358112458342697

https://x.com/RyanSAdams/status/1978431508575613213


59:51 Ethereum Phone - dGEN1 left the factory 

https://x.com/jessepollak/status/1976710468539715895


1:01:19 US seized 127,000 BTC linked to pig butchering scam

https://x.com/zoomerfied/status/1978101347401539638

https://x.com/SilvermanJacob/status/1978121251303334130

https://x.com/business/status/1978122242895630685

https://x.com/tayvano_/status/1978273602719158448

https://x.com/zackbshapiro/status/1978151239796854817

1:06:02 Dems countered the Market Structure bill 

https://x.com/jchervinsky/status/1976380118437331425

https://x.com/haydenzadams/status/1976678889909805501


1:08:54 Closing & Disclaimers 


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Not financial or tax advice. See our investment disclosures here:

https://www.bankless.com/disclosures⁠

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