The post Trump’s World Liberty Advisor Exposes The October Crypto Crash appeared on BitcoinEthereumNews.com. The October 10 crypto crash wiped out nearly $19 billion in leveraged positions within hours, shocking both traders and analysts.  In an exclusive BeInCrypto podcast, World Liberty Financial advisor and Glue.Net founder Ogle broke down what really caused one of the largest single-day collapses in recent crypto history. Sponsored Sponsored A Perfect Storm: Multiple Factors Converged According to Ogle, there was no single trigger behind the sell-off. “You don’t die from heart disease because you only ate a lot of burgers,” he said. “It’s a thousand things that come together that cause catastrophes.” He explained that the crash stemmed from a combination of liquidity shortages, over-leveraged traders, and automated sell-offs sparked by macroeconomic jitters. “In those precipitous drops, the bids to purchase simply were not there. There’s just not enough people who are interested in buying even at lower prices,” Ogle noted. He added that Donald Trump’s remarks on US–China relations amplified panic in algorithmic trading systems, triggering a wave of automated short positions that accelerated the decline. Top 10 Crypto Liquidation Events of All Time. Source: Coinglass Sponsored Sponsored Liquidity Gaps and Over-Leverage Made It Worse The advisor, who has been in crypto since 2012 and helped recover more than $500 million from hacks, pointed to over-leverage on professional exchanges as the most damaging element. Many traders used “cross margin,” a system that links all positions together — a design flaw that can wipe out entire portfolios when prices dip sharply. “My personal belief is that over-leveraging in professional exchanges is probably the most important part of it,” Ogle said. “It’s a cascade — if one position collapses, everything else goes with it.” The Centralized Exchange Dilemma Ogle criticized the community’s continued reliance on centralized exchanges (CEXs) despite repeated failures. He cited Celsius, FTX, and several smaller collapses as… The post Trump’s World Liberty Advisor Exposes The October Crypto Crash appeared on BitcoinEthereumNews.com. The October 10 crypto crash wiped out nearly $19 billion in leveraged positions within hours, shocking both traders and analysts.  In an exclusive BeInCrypto podcast, World Liberty Financial advisor and Glue.Net founder Ogle broke down what really caused one of the largest single-day collapses in recent crypto history. Sponsored Sponsored A Perfect Storm: Multiple Factors Converged According to Ogle, there was no single trigger behind the sell-off. “You don’t die from heart disease because you only ate a lot of burgers,” he said. “It’s a thousand things that come together that cause catastrophes.” He explained that the crash stemmed from a combination of liquidity shortages, over-leveraged traders, and automated sell-offs sparked by macroeconomic jitters. “In those precipitous drops, the bids to purchase simply were not there. There’s just not enough people who are interested in buying even at lower prices,” Ogle noted. He added that Donald Trump’s remarks on US–China relations amplified panic in algorithmic trading systems, triggering a wave of automated short positions that accelerated the decline. Top 10 Crypto Liquidation Events of All Time. Source: Coinglass Sponsored Sponsored Liquidity Gaps and Over-Leverage Made It Worse The advisor, who has been in crypto since 2012 and helped recover more than $500 million from hacks, pointed to over-leverage on professional exchanges as the most damaging element. Many traders used “cross margin,” a system that links all positions together — a design flaw that can wipe out entire portfolios when prices dip sharply. “My personal belief is that over-leveraging in professional exchanges is probably the most important part of it,” Ogle said. “It’s a cascade — if one position collapses, everything else goes with it.” The Centralized Exchange Dilemma Ogle criticized the community’s continued reliance on centralized exchanges (CEXs) despite repeated failures. He cited Celsius, FTX, and several smaller collapses as…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more