🗣 #BNB Binance: We have paid compensation to users affected by the pegging cancellation issues ($283 million).
We are aware of claims that the cancelation of the pegging of some Binance Earn products to USDE, BNSOL and WBETH caused a market crash, so we would like to clarify that this is not the case. The sharp market crash occurred before the pegging was canceled.
Causes of sharp price movements:
- Historical limit orders triggering due to one-way liquidity;
- A problem with the "zero price" display.
Binance will optimize the UI display and apply fixes to the corresponding abnormal prices to provide a more comfortable trading experience in the future. The API interface will remain unchanged.
We are aware of claims that the cancelation of the pegging of some Binance Earn products to USDE, BNSOL and WBETH caused a market crash, so we would like to clarify that this is not the case. The sharp market crash occurred before the pegging was canceled.
Causes of sharp price movements:
- Historical limit orders triggering due to one-way liquidity;
- A problem with the "zero price" display.
Binance will optimize the UI display and apply fixes to the corresponding abnormal prices to provide a more comfortable trading experience in the future. The API interface will remain unchanged.
🗽📈 #ETH While Ethereum was crashing on Oct 10th, the Coinbase Premium spiked to 6.0.
Translation: US institutions weren’t selling. They were buying the dip with massive force. Smart money is building a floor.
Translation: US institutions weren’t selling. They were buying the dip with massive force. Smart money is building a floor.
📊🤔 #BTC As Bitcoin dropped from $123k on Oct 10, the Coinbase Premium spiked to a 19-month high.
Translation: US institutions weren’t panic selling. They were aggressively buying the dip. This is a massive signal of conviction from smart money.
Translation: US institutions weren’t panic selling. They were aggressively buying the dip. This is a massive signal of conviction from smart money.
🇺🇸🇨🇳 #tradewars Trump: tariffs on China are "still the plan" for Nov. 1.
🤔 #HYPE Hyperliquid founder: Hyperliquid's liquidations data is completely transparent.
However, some CEXs have publicly stated that they significantly underreport liquidations. For example, on Binance, even though thousands of liquidation orders are received in one second, only one is reported. Liquidations can be underreported by a factor of 100.
However, some CEXs have publicly stated that they significantly underreport liquidations. For example, on Binance, even though thousands of liquidation orders are received in one second, only one is reported. Liquidations can be underreported by a factor of 100.
🔍🐳 Whale Transactions:
1. During the collapse, hackers panicked sold 8,638 #ETH ($32.5 million) at $3,764, losing $5.5 million.After the market recovered, they bought back 7,816 #ETH ($32.5 million) at a higher price of $4,159;
2. MARA Holdings, which owns 52,850 #BTC ($6.12 billion), bought another 400 #BTC ($46.31 million) via FalconX.
1. During the collapse, hackers panicked sold 8,638 #ETH ($32.5 million) at $3,764, losing $5.5 million.After the market recovered, they bought back 7,816 #ETH ($32.5 million) at a higher price of $4,159;
2. MARA Holdings, which owns 52,850 #BTC ($6.12 billion), bought another 400 #BTC ($46.31 million) via FalconX.
😷 #BTC CEO Tether: BTC and gold will outlive any other currency. coindesk
🕵️♂️ The market crash gave whale, who held a losing short on #BTC for almost 5 months, a chance to break even, going from a $27 million loss to a profit.
But he didn't close the position completely. After the market recovered, his loss was back above $4.8 million.
Liquidation price: $123,260.
But he didn't close the position completely. After the market recovered, his loss was back above $4.8 million.
Liquidation price: $123,260.
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📊 The total market capitalization of stablecoins has reached $300 billion.
💸 #BTC Over the last 24 hours, ~$609 million worth of contracts have been liquidated, of which longs have liquidated ~$203 million and shorts ~$406 million.
📊 #BTC CQ: Bearish pressure still hasn't been removed, extreme minus on taker flow = -4%.
🔁 #HYPE Hyperliquid today activates a major update to HIP-3, which is designed to enable permissionless deployment of perpetual futures markets. theblock.co
📊 COIN360: cryptocurrency funding rates have fallen to their lowest level since 2022 - one of the sharpest leverage resets in history.
📉🤔 #BTC CQ: The recent capitulation has effectively reset leveraged positioning across the board. Historically, such large-scale deleveraging events have often preceded significant uptrends in the long term.
🔁 #AKT Akash Network is ending support for its Cosmos-based network and beginning the search for a new network. theblock.co