Weekly Highlights丨In-depth Review of the 1011 Liquidation Event; Macroeconomic Environment Deteriorates Again, Bitcoin Falls Below $110,000

PANews Editor's Note: PANews has selected high-quality content from the week to help everyone fill in the gaps during the weekend. Click on the titles to read.

Review of the 1011 Liquidation Event

The Real Culprit Behind the $19 Billion Liquidation Wave? Exposing Market Makers in the 35-Minute Liquidity Storm

How did market makers, who were supposed to maintain market stability, become the main drivers of an unprecedented liquidity vacuum?

The Apocalypse of Crypto Avalanche Day: The Triple Contagion Chain of Market Crash, How Can the Industry Rebuild a More Robust Foundation?

In October 2025, the crypto market faced an epic crash, triggered by Trump's 100% tariffs, igniting global panic, with over $500 billion evaporating from the total crypto market cap and more than $19 billion liquidated. The flaws in CEX pricing mechanisms and the decoupling of USDe led to a chain reaction of liquidations, exposing structural risks in the industry.

Reflections on the Crypto Crash of October 11: $19.1 Billion Liquidated and Buffett's Missing Partner

Hope we can all be like Buffett and Munger, and not like Rick.

Comparison of Hyperliquid and Binance's Automatic Deleveraging (ADL) Mechanisms: Who is the True Last Line of Defense?

This article analyzes the fundamental differences in risk management philosophy between decentralized exchanges (DEX) and centralized exchanges (CEX) behind the public debate between Hyperliquid and Binance triggered by the "1011" crypto crash, specifically reflected in the design and execution of their automatic deleveraging (ADL) mechanisms.

The First Lesson for Liquidated Youth: When Trump's Tweets Collide with the CEX Liquidity Black Hole

There will be countless black swan events in the future, but as this incident reveals, being on-chain and decentralized is not idealism; it is the certain safe haven we can find in the storm.

Why Did USDe Survive While LUNA Went to Zero Despite Both Being Stablecoin Decouplings?

The Maitong MSX Research Institute believes that the upgrade strategy incorporating RWA assets like gold tokens and US stock tokens provides a clear evolutionary direction for USDe—this is not a denial of existing innovations but a deepening and refinement guided by Hayek's principles.

For more review content, please visit the special topic: Complete Review of the 1011 Crypto Storm

Macroeconomic Perspective

Crypto Trading "Green Paper": The Market "Truth" That Must Be Acknowledged

Now is not the time to pray for a bull market, but to strengthen our beliefs.

The Resurgence of TACO Trading: When Trump's "Coward Game" Becomes a Deadly Swing in the Crypto Market

As long as this political game of creating crises to gain leverage continues, "TACO trading" will not disappear.

Retracement, Clearing, and Recovery: The 4-Year Cycle Revelation of US Stocks, A Shares, and Crypto

"Making money in life relies on Kondratiev waves," and retracement is both a key value dimension of assets and the first lesson in understanding Kondratiev waves.

Q3 Derivatives Report: Anchors and Upper Limits, Understanding the Structure of Funding Rates

Success in the funding rate market does not come from predicting chaotic market emotions but from mastering the basic structure of the market.

AI and Meme

Cracks Appear in the Decentralized AI Alliance One Year Later: What Motivated Ocean Protocol to Exit the ASI Alliance?

From a high-profile merger to Ocean Protocol's departure, it took just over a year for the ASI alliance to ultimately fail to avoid the outcome of "unity leads to division."

Detailed Explanation of Bittensor (TAO): A Market Opportunity Worth Trillions

TAO represents a cultural resistance to centralized AI.

Why is AI the Next Milestone for DeFi?

The next milestone for DeFi is not larger scale but trust in automation.

Market Crash: Why is Binance Chain Meme Still Thriving?

Is the BSC meme market reasonable?

BSC Memecoin Platforms Consume 90% of the Market Daily, Has Pump.fun Completely Become a "Little Brother"?

Liquidity always trumps brand loyalty.

The PANews account 【MEME Daily】 will select daily hot memes for readers to understand the state of the track, click here to view.

Seizing Opportunities

After the Market Crash, It's Worth Paying Attention to Quality Projects with Upcoming TGE in October

Several highly anticipated projects have confirmed they will conduct TGE in mid to late October, signaling the arrival of the Q4 TGE boom. The following will detail these projects.

Neobank Narrative Heats Up: 12 Hot Concept Projects to Watch

This article from PANews reviews 12 popular Neobank concept projects that provide users with a one-stop crypto financial experience from storage, payment, consumption to investment through stablecoin payments, on-chain yields, non-custodial wallets, and compliant financial services, accelerating the integration of TradFi and crypto finance.

MetaDao Soars 10 Times, What Other Projects Are Worth Participating In?

MetaDAO may bring new excitement to the Solana ecosystem.

Hyperliquid HIP3 Ecosystem Gold Rush: What Potential Alpha Projects Are There?

If DeFi has another summer, it might be called Hyperliquid HIP-3.

Web3 Matters

18 Years Old with a Net Worth of $150 Million: Barron Trump, the "Chosen One" of the 00s, and His First Bucket of Gold

Barron has participated in founding a luxury real estate company, the Trump family's crypto project WLFI, and a senior position in the TikTok campaign…

Abandoning L2 to Return to the Mainnet, Synthetix V3 Ignites the Perp DEX Battle

Synthetix token SNX surged over 100%, reaching a new high for the year, as V3 is set to return to the Ethereum mainnet to launch Perp DEX in Q4 2025. Whale accumulation and declining CEX reserves are driving prices, but the risk of sUSD decoupling remains a challenge.

UK Prosecutors Plan to Compensate Victims of the Blue Sky Greyscale Case, but the UK Government May Still Seize $7 Billion in Bitcoin

Debates continue on how to handle the seized Bitcoin worth £7 billion: Should the UK keep it or return it to the victims?

Misprinting 300 Trillion PYUSD: The Stablecoin Governance Crisis Behind Paxos' "Fat Finger" Incident

Paxos accidentally minted 300 trillion PYUSD due to a parameter input error, equivalent to 110,000 times the circulating supply. Although emergency destruction averted disaster, it exposed the vulnerabilities of centralized stablecoins in technical governance and internal control, raising market concerns about systemic risks.

$15 Billion in Bitcoin Seized: The Collapse of the Southeast Asian "Pig Butchering" Empire

This article reports on the largest operation to date launched by U.S. and U.K. law enforcement against the Cambodian Prince Group's transnational criminal organization and its leader, Chen Zhi.

Zerebro Co-Founder Exposes the Dark Side of Exchange Listings: Is the Era of VC Coins Over?

Exchange platforms are no longer content with "carefully selected projects" but are instead creating their own platforms and mass-producing projects. Well, the exchanges' inner thoughts: since VC coins are using exchanges as exit channels, why not just flip the table and stop playing with VC coins?