A viral thread on X (1.1 million views) has put ahead a forensic narrative for Friday’s crypto wipeout, arguing that what regarded like a chaotic macro-driven capitulation was, the truth is, a focused exploitation of how Binance priced collateral inside its Unified Account. The writer @ElonTrades frames the episode not as a stablecoin failure however…
Changpeng Zhao pushed again Monday as Hyperliquid co-founder Jeff Yan accused centralized exchanges like Binance of underreporting consumer liquidations throughout final week’s crypto market crash. In a put up on X, Yan mentioned Hyperliquid’s totally on-chain liquidation knowledge couldn’t be in contrast with what he referred to as “underreported CEX liquidations.” He argued that on-chain…
Binance has introduced its plans to compensate some users who lost funds in the course of the market-wide crash on Friday, October 10. The world’s largest cryptocurrency alternate by buying and selling quantity acknowledged a worth depeg incident, which led to pressured liquidations for some merchants. Affected Users To Receive Compensation In 3 Days: Binance…
Indian tax authorities have launched an investigation into over 400 high-net-worth merchants utilizing Binance, suspecting large-scale crypto tax evasion, based on a report from The Economic Times. Key Takeaways: India’s tax authority is investigating over 400 Binance merchants for allegedly evading the nation’s steep crypto taxes. The probe focuses on exercise from 2022 to 2025…
Binance has pledged to compensate merchants affected by system failures throughout Friday’s market crash that erased more than $19 billion in leveraged positions, marking one of many largest liquidation occasions in crypto historical past. Key Takeaways: Binance will compensate verified consumer losses brought on by technical failures throughout the $19B market liquidation occasion. The change…
US President Donald Trump is reportedly contemplating a pardon for Binance co-founder and former CEO Changpeng Zhao, generally referred to as CZ. This growth comes amid heavy liquidations within the crypto market after the Republican president additionally introduced plans for a 100% tariff on Chinese items. Could CZ Be Heading Back To Binance? In a…
Following a brand new all-time high (ATH) of $126,199 on Binance, Bitcoin (BTC) is now consolidating within the low $120,000 vary. Latest trade knowledge – reminiscent of Cumulative Volume Delta (CVD) Confirmation Score – means that BTC is benefitting from robust underlying demand. CVD Confirmation Shows Strong Demand For Bitcoin According to a CryptoQuant Quicktake…
Following a slight stoop yesterday from its current highs, Bitcoin (BTC) is now buying and selling within the low $120,000 range. Meanwhile, BTC’s miner correlation has undergone a big shift over the previous few months, indicating a transparent change in market dynamics between miner habits and value course. Bitcoin Miner Correlation Turns Negative According to…
BNB is as soon as once more within the highlight because it shatters its all-time high, reaching $1,347 simply days after surpassing the $1,000 milestone for the primary time in its historical past. This explosive transfer highlights Binance’s rising dominance within the crypto ecosystem, as each its token and blockchain ecosystem achieve traction throughout a…
With its worth surging sharply to new all-time highs this year, BNB (The Binance native coin) is now one of many best-performing cryptocurrency belongings within the ongoing bull market cycle. While the altcoin is presently holding robust above the $1,300 worth mark, a number of key components have been recognized as probably answerable for the…