# The Worst Day In Crypto History Source: https://ethdaily.io/800 Kiwi News: https://news.kiwistand.com/stories/The-Worst-Day-In-Crypto-History?index=0x68ec9f526274d2c77ba4fa4a18eabfd7b298ee3658f349b97ad0abc5b887148046f77d27 Submitted by misha on 2025-10-13 UTC, 1 upvote, 0 comments ## Summary The cryptocurrency market suffered a record $19 billion in liquidations on Friday, October 10, 2025, surpassing the Covid, FTX, and Luna crashes. The crash intensified after President Trump announced 100% tariffs on Chinese imports effective November 1, and Bitcoin and Ethereum fell about 12%. A newly created Hyperliquid account reportedly opened large BTC and ETH short positions about thirty minutes before the announcement, netting $192 million in profits, and the timing has sparked insider trading allegations. Aave processed $180 million in liquidations in one hour, and founder Stani Kulechov praised the protocol's performance. ## Article news - October 12, 2025 The cryptocurrency market suffered $19 billion in liquidations on Friday, October 10, 2025, marking the largest liquidation event in crypto history. Gm frENS. It's been rough to say the least. Today's brief goes slightly beyond Ethereum. Keep your head up and keep building! This also marks our 800th episode! $19b in crypto liquidations Aave executes $180m in liquidations. A whale nets $192 million in profits. Keyring launches a donation vault. The cryptocurrency market suffered a historic $19 billion liquidation event on Friday, October 10, 2025, marking the largest in its history, surpassing the Covid, FTX, and Luna crashes. Long positions accounted for $16.6 billion, with shorts losing $2.4 billion, including $5.5 billion wiped out in a single hour. The crash intensified after President Trump announced 100% tariffs on Chinese imports effective November 1, causing Bitcoin and Ethereum to plummet about 12%. Bitcoin fell by nearly $20,000 amid the flash crash. Altcoins faced even more severe losses, with some seeing extreme down wicks due to thin liquidity. Roughly thirty minutes before President Trump’s October 10, 2025, announcement of 100% tariffs on Chinese imports, a newly created Hyperliquid account opened massive short positions on BTC and ETH with 8-12x leverage. The trades, executed on the decentralized perps exchange, netted $192 million in profits within hours amid the crypto market crash. The precise timing of the trade has sparked allegations of insider trading. Aave, the leading DeFi protocol with over $40 billion in TVL, processed $180 million in liquidations in a one-hour period during the historic crypto market crash triggered by Trump’s 100% tariff announcement on Chinese imports. Founder Stani Kulechov praised Aave’s flawless performance, marking the largest single-day stress test for the DeFi protocol. The AAVE token itself plummeted 64% in the flash crash, but has mostly recovered since. EF And Keyring Support Privacy Builders The Ethereum Foundation’s Funding Coordination Team, in partnership with Keyring Network, launched a donation initiative to support the legal defense of Tornado Cash developers Roman Storm and Alexey Pertsev. Over the next two months, 100% of protocol fees from Keyring’s zkVerified vaults on the Ethereum mainnet will be allocated to their legal defense funds. Keyring’s zkVerified permissioned vaults enable compliant, privacy-preserving DeFi lending. Users can deposit USDC into these vaults to earn rewards, while the collected fees are directed to support the privacy-focused developers. So far, the vaults have generated $22,109.52 in fees. L2s hit ATH TPS EF EcoDev update IPFT open-sourced Democrats’ market structure proposal a16z leads Kalshi Series D Morgan Stanley removes restrictions Binance performance issues Hyperliquid HDL explained Crypto investor found dead China clarifies export controls Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.