BlackRock CEO Larry Fink has admitted that he has changed his mind about cryptocurrencies since 2017, when he called bitcoin a “money laundering index.”

On the evening of 12 October 2025, users of non-custodial cryptocurrency wallet Trust Wallet experienced balances disappearing in the app. According to the team, the situation was due to a market data synchronisation issue.

Jeff Yan, founder of the Hyperliquid blockchain, said that some centralized exchanges (CEXs) deliberately underreport liquidations by hundreds of times, creating the illusion of stability during market turmoil.

Hyperliquid, a decentralized exchange trader who became famous after earning more than $150 million on a successful short before the crypto market collapse on the night of October 10-11, 2025, opened a new short position worth more than $160 million.

Cryptocurrency exchange Crypto.com CEO Kris Marszalek called on regulators to investigate the platforms that saw the most liquidations on the night of October 10-11, 2025.

The Singapore High Court has approved a restructuring plan for the WazirX crypto exchange, paving the way for the platform to resume operations and compensate more than 150,000 users affected by the 2024 hacking attack. The exchange’s founder, Nischal Shetty, announced that.

The Superteam Poland community, which supports developers in the Solana ecosystem, has announced the opening of Build Station Warsaw, a free 10-day hub for startups working with blockchain technologies. This is stated in a press release shared by the organizers with Incrypted.

The Incrypted editorial team has prepared a digest of key Web3 and AI events this week. We will tell you about the massive correction of the crypto market with liquidations of more than $19 billion, the launch of a staking ETF from Grayscale Investments, the potential release of the Polymarket token, Solana’s record revenues and much more.

Cryptocurrency exchange Binance has provided an update on the USDE, BNSOL and WBETH token depegging incident that resulted in the forced liquidation of some users’ positions.

Lookonchain analysts reported large-scale liquidations on decentralised platform Hyperliquid. According to their data, during the market crash on the night of 11 October, more than 1,000 wallets were completely zeroed out – users lost all their funds.

DGFI conference was held in Tbilisi, dedicated to the prospects of decentralized finance and the role of artificial intelligence in simplifying user experience. This was reported to Incrypted by the organizers of the event.

Between October 1 and 11, 2025, Incrypted’s editorial team recorded 51 investment deals, 36 of which totaled almost $4.05 billion. These included corporate deals, traditional venture capital fundraising, token sales, and more. The lion’s share of funding came from the Polymarket betting platform, with $2 billion. Read more in our weekly digest.

Konstantin Ganich, a well-known trader in the crypto community and co-founder of the Cryptology Key project, has passed away. The information was confirmed by the team in his Telegram channel.

The massive fall in most cryptocurrencies that began on Friday evening, 10 October, led to the liquidation of futures positions worth over $19 billion overnight — a record high, according to Coinglass.

On the morning of October 11, 2025, users of the Binance exchange recorded a large-scale “depeg” — a deviation of the prices of the USDe, BNSOL and WBETH stablecoins from their face value. According to TradingView, USDe was falling to $0.6567, WBETH to $430.65, and BNSOL to $34.9.

On October 1, 2025, the TOKEN2049 conference kicked off in Singapore, the largest event of the crypto industry, which brought together 25,000 participants from more than 160 countries.