Bitcoin price plunged $16,700 on Friday, a 13.7% drop to $105,000, wiping out over $5 billion in leveraged positions as liquidity dried up ahead of a U.S. market holiday.
Crypto.com CEO Kris Marszalek urged regulators to probe exchanges hit hardest by $20B in liquidations, with Hyperliquid, Bybit, and Binance leading losses.
The crash deepened after President Donald Trump announced a 100% tariff on China, rattling global markets and sending Bitcoin briefly below $110,000.
Scroll down for the full recap and what it could mean for crypto’s next big move.
Visit our website for transparent and decentralized crypto trading and to list your crypto token for free. For more, follow Melega Finance (@meleganews) on X.
TOP CRYPTO NEWS RECAP (October 5 - October 11, 2025)
- Trump’s Tariffs on China Trigger Bitcoin Crash and Market Turmoil
- US Bitcoin Reserve Could Begin Funding Soon, Says Senator Lummis
- Morgan Stanley Opens the Door to Crypto for All Clients
- Major Banks Unite to Explore G7-Backed Stablecoin Initiative
- Democrats’ New Crypto Proposal Faces Backlash for Threatening DeFi Innovation
- Europe Pushes for Euro Stablecoins to Counter Dollar Dominance
Trump’s Tariffs on China Trigger Bitcoin Crash and Market Turmoil
Bitcoin plunged to $102,000 on Binance after President Trump announced 100% tariffs on China, sparking panic across global markets. The move, linked to China’s planned export controls on rare earth minerals vital for chip production, caused over $9.4 billion in crypto liquidations and sent major coins like Ether and Solana sharply lower.
US Bitcoin Reserve Could Begin Funding Soon, Says Senator Lummis
Senator Cynthia Lummis confirmed that the US Strategic Bitcoin Reserve (SBR) could begin fundraising “anytime,” though legislative delays are slowing progress. She praised the initiative’s potential to strengthen national finances by leveraging government gold gains to invest in Bitcoin. The reserve, initially funded by seized BTC, aims to operate without taxpayer costs
Morgan Stanley Opens the Door to Crypto for All Clients
Morgan Stanley will let all clients, including those with IRAs and 401(k)s, invest in crypto funds starting Oct. 15. Initially limited to Bitcoin funds from BlackRock and Fidelity, the move marks a major step in mainstream adoption. The bank aims to balance opportunity and caution as digital assets become integral to diversified portfolios.
Major Banks Unite to Explore G7-Backed Stablecoin Initiative
A coalition of major banks, including Bank of America, Goldman Sachs, Citi, Deutsche Bank, and BNP Paribas, is exploring the creation of a 1:1 reserve-backed stablecoin tied to G7 currencies. The project aims to harness digital asset benefits, enhance market competition, and ensure regulatory compliance amid new U.S. stablecoin legislation.
Democrats’ New Crypto Proposal Faces Backlash for Threatening DeFi Innovation
Several Democratic senators have proposed new crypto regulations that could place risky DeFi protocols on a “restricted list” and enforce KYC rules on non-custodial wallets. Critics warn the move could “kill DeFi,” drive innovation offshore, and undo bipartisan progress toward fair crypto regulation under the CLARITY and RFIA acts.
Europe Pushes for Euro Stablecoins to Counter Dollar Dominance
The EU is shifting its stance on stablecoins, urging the development of euro-backed tokens to reduce reliance on US dollar stablecoins. Officials, including Pierre Gramegna and Paschal Donohoe, emphasized financial innovation amid America’s stablecoin boom, noting that the digital euro’s launch remains delayed until at least 2029.
NEWS FROM MELEGA ECOSYSTEM
ForeverDAO Partners with MelegaSwap: Health Data Sovereignty & DeFi Innovation on BNBCHAIN
ForeverDAO and MelegaSwap have forged a transformative partnership to merge decentralized health data ownership with seamless DeFi access on BNBCHAIN. By integrating ForeverDAO’s vision of user-controlled health ecosystems with MelegaSwap’s dynamic DEX platform, featuring farms, pools, and cutting-edge trading tools, this collaboration unlocks privacy-preserving AI solutions and financial growth opportunities.
Melega & $BLION Forge Mega Marketing Alliance
Melega Ecosystem has teamed up with $BLION (Binance Lion), BNB Chain’s rising meme king, to unleash a marketing blitz for its October 15–17 GemPad fairlaunch! With 420B tokens split between community-driven allocations (85% fairlaunch, 5% airdrops to 1.5M+ wallets, and 10% staking rewards), $BLION merges meme virality with real utility. Melega will amplify the Lion’s roar through global media, top influencers, and its vast crypto networks.
MARCO: Utility-Fueled Momentum in a Sub-$10M Market Cap Ecosystem
Post-Crypto Black Friday chaos causes charts to bleed, but degens see dips as golden entry points. $MARCO (<$10M MC, 3M+ holders) drives real utility: stake/farm on melega.finance, pay for crypto ads via melega.space, and power ecosystems like okirikiri.com and blackpump.fun. BUY MARCO NOW.
OkiriKiri 2.0: The Self-Sustaining Circular Wealth Ecosystem Redefining Decentralized Finance
OkiriKiri 2.0 positions itself as a transparent, anti-Ponzi protocol built on BNB Smart Chain. Its core innovation is a chronological rotation system where users receive 90% of the next 9 donations when their turn arrives. LEARN MORE.
Blackpump.fun: Where Influencers Launch Tokens for Free
Blackpump.fun has become crypto’s influencer playground, offering free multi-chain token launches powered by Melega’s marketing engine. Already a hotspot for KOLs and meme creators, it lets users mint tokens at zero cost, earn 50% fees from referrals, and tap into viral growth. Real-time examples: influencers launch tokens, agents farm gains, and pools surge. No theory; just action. Launch, earn, explode.
Risk warning: Investing in or trading cryptocurrency is subject to high market risk. Hence, you might lose your money in the process. Please conduct thorough research and plan your investments carefully. We at MelegaSwap will make our best efforts to list high-quality and potential coins, but we are not responsible for any losses you may incur.
Trade with the best decentralized AMM cryptocurrency exchange
Do you want to buy, sell, and invest in cryptocurrencies while still having 100% control of your crypto assets? If so, then Melega Finance is a good fit for you. MelegaSwap is a leading automated market maker (AMM) decentralized exchange that offers users various options for trading and earning free tokens at high interest rates and low fees.
At Melega, nobody manages your funds for you because you manage them directly from your wallet. Smart contracts transparently handle everything else.
Learn More About the Melega Ecosystem
DAPP: https://melega.finance/
Website: https://melegaswap.finance
Crypto Services Hub: https://melega.space/
Telegram: https://t.me/melegacommunity
X: https://twitter.com/meleganews
Binance Square Page: https://www.binance.com/en/feed/profile/212703589
Instagram: https://www.instagram.com/melega.finance/
YouTube: Melega Finance Official
