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

Bankless

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Tech News, News, Technology

4.8 • 1.1K Ratings

🗓️ 17 October 2025

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 $14B in Bitcoin to its strategic reserve. Plus, Democrats renew their push against DeFi, and Larry Fink gears up for BlackRock’s next big crypto play. ------ 📣IMMUNEFI | CRYPTO SECURITY OS https://bankless.cc/Immunefi ------ BANKLESS SPONSOR TOOLS: 🪙FRAXNET | MINT, REDEEM, EARN https://bankless.cc/fraxnet 🦄UNISWAP | SWAP ON UNICHAIN https://bankless.cc/unichain 🛞MANTLE | MODULAR L2 NETWORK https://bankless.cc/Mantle 🌳KGEN | REQUEST A DEMO https://bankless.cc/KGEN-podcast 💠BIT DIGITAL ($BTBT) | ETH TREASURY https://bankless.cc/bit-digital 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 ------ 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 ------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures⁠

Transcript

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0:00.0	Bankless Station, it is the third week of October.
0:07.7	David, I'm just going to come out and say, I'm not saying Uptober anymore.
0:10.4	That word is now banned.
0:11.4	It is not October.
0:13.1	Yeah, it's not October.
0:15.4	That word is banned.
0:16.0	Down timber was more up than October was.
0:18.9	I feel like we should apologize to everyone for invoking that.
0:22.3	I feel somewhat responsible for saying.
0:23.7	For all the people that smashed to the buy button because David and Ryan said
0:27.8	October on the first of the week, a month.
0:30.2	I'm sorry.
0:31.3	Is there a refund coming?
0:32.1	But you shouldn't have done that.
0:34.9	Anyway, it is time for the Bankless Weekly roll up. And we've got to talk about what the heck happened on Friday. You know, some people are calling this Black Friday. I feel like it's more like Flash Crash Friday. Yeah, Flash Crash Friday. That's annoying to say, but yes. Yeah, flash crash. But the question is, what caused it? Where's this going? Was this Trump? Or is this the end of the cycle? What else we got? What else we got? A bunch of drama on the timeline from Binance listing fees. There was an individual who sent a document from Binance about what it would take to have their token listed on Binance. And so we finally have the numbers because usually they're supposed to sign an NTA. That was not, the NDA part was skipped. So now we know the numbers. We're going to talk about that. Also, a major Chinese tech company building on Ethereum. Which one? Which one's doing it? I know. We'll tell people later. Also, is the U.S. about to add $14 billion dollars worth of Bitcoin to its strategic Bitcoin reserve? I mean, kind of, but maybe not in the way we hoped. Also, the Democrats in the Senate, they're going all anti-crypto army on us now and trying to take down the market structure bill. Damn it, dude. But, yeah, I get good news for you, David. None of this is stopping Mr. Larry Fink, who is determined to keep tokenizing all the things.
1:45.6	BlackRock seems like they're up to some new things in crypto.
1:48.5	Maybe on Ethereum.
1:49.4	We'll talk about all that and more.
1:50.8	But before we do, we got some sponsors to shout out.
1:53.8	And these are special sponsors because they help with security.
1:57.3	Tell us about them.
1:58.3	They make our industry look good when we do not lose billions of dollars to hackers.
	...

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