Hottest Crypto News of the Week October 6-12: Police Investigate Shark Binh's AntEx Cryptocurrency Project; Crypto Market Hits Record Low After Trump Announces 100% Tax on China

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Over the past week, the cryptocurrency market has seen many notable events. Let's take a look back at the hottest Crypto news of the past week with Allinstation!

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Crypto market drops to record low after Trump imposes 100% tax on China

Bitcoin price has just recorded its sharpest drop since the beginning of 2025, falling below $110,000 just hours after the Donald Trump administration officially imposed a 100% tariff on all goods imported from China. This decision not only shook the global financial market, but also triggered a record wave of liquidation in the cryptocurrency market, with more than $19 billion "blown away" in just 24 hours.

Details: Crypto Market Drops to Record Low After Trump Imposes 100% Tax on China

Binance Wallet Launches New IDO Model, Kicking Off with Yield Basis (YB) Project

Binance Wallet has just officially announced the Pre-TGE Prime Sale Edition model , a new form of Capital (next generation IDO) that allows users to invest early in highly completed crypto projects, opening a new phase for blockchain projects to thrive in 2025.

Details: Binance Wallet Launches New IDO Model, Kicking Off With Yield Basis (YB) Project

The first digital asset trading simulation platform in Vietnam is officially launched

On October 10, DNEX Digital Asset Exchange Joint Stock Company officially introduced the DNEX digital asset trading simulation platform, marking an important turning point in the journey of building a technological infrastructure for the digital asset market in Vietnam. This event not only opens a new direction for the financial technology industry but also realizes the aspiration of turning Da Nang into a leading international financial center in the region in the near future.

Details: The First Digital Asset Trading Simulation Platform in Vietnam Officially Launched

Ocean Protocol Withdraws From ASI Alliance – Reaffirming Its Path to Independence

Ocean Protocol Foundation – the organization that operates the Ocean Protocol project has just announced in its official blog that it withdraws all representatives and terminates its membership from the Artificial Superintelligence Alliance (ASI Alliance).

Details: Ocean Protocol Withdraws From ASI Alliance – Reaffirming Its Path to Independence

Expert analyzes why Shark Binh pushed himself into the AntEx crisis

On the afternoon of October 6, 2025, at the third quarter press conference, a representative of the Hanoi City Police officially confirmed that they were investigating suspicions related to the AntEx cryptocurrency project, which is said to have involved businessman Nguyen Hoa Binh (commonly known as Shark Binh, Chairman of NextTech Group). This has caused Shark Binh to face perhaps the biggest crisis in his business career.

Details: Expert Analyzes Why Shark Binh Pushed Himself Into AntEx Crisis

Tether leaders come to Vietnam to discuss crypto-asset exchange

On October 9, at the Government Headquarters, Deputy Prime Minister Ho Duc Phoc had a meeting and worked with Mr. Marco Dal Lago, Vice President of Development and Global Partnerships of Tether Group - the world's largest stablecoin issuer. The meeting took place in the context of Vietnam implementing Resolution 05/2025/NQ-CP, paving the way for piloting the crypto asset market in the next 5 years.

Details: Tether Leaders Come to Vietnam to Discuss Crypto Asset Exchange

Layer-2 Base is recruiting a tokenomics expert, revealing more signs of an upcoming Token launch

The Ethereum Layer 2 project Base, developed under the Coinbase incubation framework, is attracting strong attention after announcing a recruitment for the position of “tokenomics and governance researcher”. This move is XEM as a sign that Base is entering the Token strategy planning phase and expanding the decentralization roadmap in a more formal and professional manner.

Details: Layer-2 Base is Hiring a Tokenomics Expert, Reveals More Signs of an Upcoming Token Launch

Embezzling 2.6 billion VND to invest in virtual currency, young man arrested by Can Tho City Police

On the morning of October 7, Can Tho City Police issued an arrest warrant for Chau Van Hau (born in 1995, residing in Qui Lan 1 Hamlet, Thanh Quoi Commune, Can Tho City) to investigate the act of "property embezzlement". According to the initial investigation results, Hau is a sales employee of ADC Company Limited, headquartered at 101 Phan Dinh Phung, Ninh Kieu Ward, Can Tho City.

Details: Embezzlement of 2.6 billion VND to invest in virtual currency, young man arrested by Can Tho City Police

YZi Labs Announces Opening of $1 Billion Fund to Promote BNB Chain

Recently, YZi Labs — formerly known as Binance Labs — announced the establishment of a $1 billion Builders Fund to support project founders in the BNB ecosystem. The fund not only provides Capital but also provides tools, resources, and user ecosystem connections, focusing on areas such as trading, real assets (RWA), artificial intelligence (AI), open science (DeSci), decentralized finance (DeFi), payments, and wallets.

Details: YZi Labs Announces Opening of $1 Billion Fund to Promote BNB Chain

ZKsync Announces Complete Atlas Upgrade with Many Improvements

ZKsync – a blockchain technology platform developed by Matter Labs – has just officially launched the Atlas upgrade for the ZK Stack system, marking a major milestone in bringing businesses and financial institutions onto the chain with outstanding speed, scalability and flexibility.

Details: ZKsync Announces Atlas Upgrade Completed With Many Improvements

Police investigate Shark Binh's AntEx virtual currency project

On the afternoon of October 6, 2025, at the third quarter press conference, a representative of the Hanoi City Police officially confirmed that they were investigating suspicions related to the AntEx cryptocurrency project, which is said to have involved businessman Nguyen Hoa Binh (commonly known as Shark Binh, Chairman of NextTech Group). This is a new step forward in handling financial investment activities with signs of high risk, especially in the field of digital currency that is booming in Vietnam.

Details: Police Investigate Shark Binh's AntEx Cryptocurrency Project

Binance Announces Listing of ASTER

Binance will list ASTER and expects to open trading for these Spot Trading pairs at 19:00 on October 6, 2025 (UTC).

Details: Binance Announces Listing of ASTER

Deputy Minister of Finance: Only license a maximum of 5 enterprises to pilot crypto assets

At the regular Government press conference for September 2025 held on the afternoon of October 5, Deputy Minister of Finance Nguyen Duc Chi updated the latest information on the implementation progress as well as the licensing plan for enterprises participating in the pilot project in this field.

Details: Deputy Minister of Finance: Only License a Maximum of 5 Enterprises to Pilot Crypto Assets

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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