---
type: "Topics"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/topics/38880811.md"
description: "Summary:Major events in the crypto world in 2025: Donald Trump and his family launching a token, and the October 11th black swan event.Thoughts: Trump's token launch is a mockery of decentralization. It's a blatant exploitation of power to plunder the decentralized market! It had a huge impact on crypto liquidity. Retail investors got in and got rekt, new naive investors aren't growing fast enough, and confidence was shaken, all of which will affect the ecosystem.The October 11th black swan event, where Binance acted as a market maker and pulled the plug, seizing user assets, was outright robbery. A single massive harvest, which also dealt another blow to liquidity!2026 is a bear market. Initially, many people didn't want to believe it, but gradually, the voices of opposition have become rare. Big players and naive investors have all accepted the reality of the bear market. Since entering the bear market, there hasn't been any truly shocking black swan event or bomb. I think this bear market hasn't reached its second half yet."
datetime: "2026-02-25T13:06:46.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38880811.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38880811.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38880811.md)
author: "[行稳致远-荷西](https://longbridge.com/zh-HK/profiles/17555009.md)"
---

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# Summary:Major events in the crypto world in 2025: …