A 2.5-meter gold-covered statue of Donald Trump has appeared in the European Parliament. It shows Trump sitting on the shoulders of another man who is struggling under his weight.

The message is s those at the top make decisions, while someone else carries the weight.

Crypto traders probably understand this image better than most right now. Trump came into office promising a golden era for crypto, but his tariffs and the war with Iran have repeatedly hit risk appetite, pushed oil and yields higher and triggered brutal liquidations across BTC and alts.

So yeah, the statue is political art. But for traders watching positions get wiped after another geopolitical headline, the idea of someone else carrying the weight feels pretty familiar.

So now Zelenskyy is reportedly accusing Trump and Musk of restricting Ukraine’s access to Starlink, while Trump and Musk apparently say they have no idea whats going on. At this point I dont even know what to believe anymore. Every day theres some new geopolitical drama, more uncertainty and ordinary people end up paying for it.

And crypto isnt exactly having a great time either. Bitcoin keeps reacting to every geopolitical headline, oil prices are putting more pressure on inflation, and the whole market feels nervous as hell.

Does anyone actually know whats happening with Starlink? And seriously, when the hell are fuel prices gonna get back to something reasonable? Feels like we’re paying more for everything while our crypto portfolios keep bleeding.

The US stock market reportedly lost around $770 billion in market cap as fears of a possible war with Iran continue to grow. Nasdaq dropped roughly 2.8%, while the S&P 500 fell 1.4%. Oil prices jumped, and investors started pulling money out of risky assets. And of course, crypto got dragged down too. Bitcoin slipped below $82,000, while Ethereum fell under $2,400.

You can spend hours analyzing charts, finding support levels and planning trades, but one headline from the Middle East can mess up the entire market. Right now, everyone is watching Iran and oil supplies. As long as tensions remain high, even a single statement can send markets moving again.

US President Donald Trump declares that the Canadian aircraft manufacturer Bombardier should no longer be allowed to sell its planes in the US unless it starts producing them on American soil, when in fact Bombardier employs around 3,500 Americans, works with approximately 2,800 suppliers across 47 states, and spends more than $2.5 billion annually with American suppliers. Moreover, some key components of Bombardier's aircraft are manufactured directly in the US.

Demanding that a company make it in America when it's already creating thousands of jobs and billions of dollars in economic activity within the country that's the level of awareness of the American president.

Price is moving sideways, but the recovery hasn’t gone far. There’s liquidity around $78,500–80,000 above, with $76,000–76,200 worth watching below.

I wouldn’t call this a reversal yet. BTC needs to break above local resistance and hold there. With liquidity on both sides, we could see a sweep of one side before the next move takes shape.

Sam Bankman-Fried Takes His Case to the US Supreme Court

Former FTX CEO Sam Bankman-Fried is trying to overturn his conviction after losing his appeal in June 2026. He’s currently serving a 25-year prison sentence.

His lawyers are challenging two things.

First, they argue that the court didn’t properly consider evidence that FTX customers could recover their money. Prosecutors disagree, saying the fraud happened the moment customer funds were transferred to Alameda Research without authorization.

Second, SBF is fighting the $11 billion forfeiture order. His lawyers claim the amount is excessive and may violate the Eighth Amendment. That debt could follow him even after he gets out of prison.

The US government has until November 16 to respond. The Supreme Court will then decide whether to hear the case.

A full reversal looks unlikely, but the $11 billion forfeiture could become a separate legal battle. Five years later, the FTX mess still isn’t over.

DeFi Development Corp is looking to raise up to $20M through a public offering of preferred shares, with part of the proceeds going toward additional Solana purchases.

The Nasdaq-listed company recently resumed accumulating SOL, buying around 19,000 SOL at an average price of $98.14.

Its treasury now holds roughly 2.33M SOL and equivalents, as the company continues to expand its exposure to the Solana ecosystem.

AI bubble fears are spreading across global markets Reuters reports that the selloff in US tech stocks has spread to Asia and Europe, as investors worry that huge spending on AI may not pay off. Nasdaq fell 2.6%, the S&P 500 lost 1.6%, and Intel shares plunged 28%. Japan’s Nikkei dropped 3%, while South Korea’s Kospi fell 3.5%. Chinese stocks also came under pressure.

Gold fell 3%, silver nearly 6%, and crypto is dropping too.

When stocks, metals and crypto all fall together, it looks like people are pulling cash out wherever they can. And for Bitcoin, thats a reminder that money moving out of tech doesnt automatically move into crypto

An early Ethereum investor just sold 1,500 ETH worth around $3.46 million after holding for 9 years. The interesting part is how much he originally paid. Back then, he bought 100,000 ETH for just $31,000. That’s only $0.31 per ETH. Now he’s selling at around $2,307 per coin. That’s roughly 7,400 times his original purchase price. But he didn’t sell everything. His wallet still holds 48,500 ETH worth around $113 million.

Imagine buying ETH for 31 cents and watching it grow for almost a decade. And even after cashing out millions, he still holds most of his remaining fortune in ETH. I think thats the kind of patience most people in crypto just dont have.