$19B Liquidated: Inside the Biggest Crypto Crash Since FTX | The Weekly Oct 13

The biggest liquidation in crypto history just happened — $19 billion wiped, altcoins nuked, and a whale who shorted the exact top pocketed $200 million.
David Sencil and Graham Stone break it all down in this episode of The Weekly:
• What triggered the crash
• Trump vs China: market timing
• Hyperliquid whale conspiracy
• Altcoins that went to zero
• Are Perp DEXes to blame?
• Binance’s oracle failure & $200M in reimbursements
• Bitcoin’s resilience
• ICE investing in Polymarket — and why it matters
• Plus: David’s honest review of the Degen Phone
This is your full post-mortem from the wildest weekend crypto has seen all year.

00:00 The Crypto Market Crash: A Historical Perspective
02:55 Market Reactions and Liquidations
05:46 The Role of Influential Figures and Market Manipulation
08:32 Perpetual DEXs: The Good, The Bad, and The Ugly
11:44 The DPEG Incident: Understanding the USDE Situation
17:40 Aftermath and Implications for Bitcoin and Altcoins
23:19 The Future of Prediction Markets and Institutional Interest
29:06 Innovations in Crypto: The D-Gen Phone Review

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