Hosts Ryan and Cam unpack the recent crypto turbulence, including the October 10th sell-off, large-scale liquidations, spot ETF outflows, sector regulatory updates across Japan, the UK, and Europe, and alarming incidents like a $3M hardware wallet hack and Paxos' $300 trillion minting mistake. The episode explains how perpetual futures, auto-deleveraging, and reporting limits amplified volatility, reviews market-moving funds and ETF flows, and covers institutional moves in mining, stablecoins, custody partnerships, and regulatory developments affecting exchanges and banks.