Bitcoin Crash Blamed on Binance Rivalry
@StarXu of @OKX blames the October 10 crypto crash on irresponsible yield campaigns tied to USDe, claiming it caused $19.16 billion in liquidations; others dispute this narrative. #Update #Crypto $BTC
Binance
Bitcoin Boosts as Binance Moves $1B SAFU Fund
@Binance is rebalancing its Secure Asset Fund for Users (SAFU) by converting stablecoins into $BTC, ensuring fund value remains above $800M. #Update #Crypto $BTC
Binance Blames Macro Risks for Record Liquidations
@Binance attributes the October 10 flash crash to macroeconomic shocks and high leverage, resulting in $150 billion in liquidations across markets; they compensated users over $328 million. #Update #Crypto $BTC $ETH
Bitcoin to Gain $1B from Binance SAFU Reserves
@Binance will convert $1B from its SAFU reserves into $BTC within 30 days, raising concerns about user protection and asset security. #Update #Crypto $BTC
Binance Nominates Warsh as Fed Chair
The Trump administration plans to nominate Kevin Warsh as the next Fed chair, potentially facing Senate opposition. Warsh’s hawkish monetary stance may conflict with Trump’s rate preferences. #Update #Legal
Binance Launches UAE USD Stablecoin
@Universal announces USDU as the first USD-backed stablecoin registered by the UAE Central Bank for digital-asset settlement. #Update #Crypto
Bitcoin Surges as Binance Inflows Plummet
The Federal Open Market Committee leaves rates unchanged amid pressure from President Trump to cut them. #Update #Economy
Hyperliquid Price Surges 150% Amid Demand
The Hyperliquid price surged 58% in a week, driven by increased open interest on its DEX and upcoming Kraken listing. Current price: $34. #Update #Crypto
Binance Coin Surges with New Nasdaq ETP
@VirtuneAB has launched a BNB ETP on Nasdaq Stockholm, enhancing institutional access to $BNB. The product offers 1:1 exposure with a 1.95% management fee, starting today. #Update #Crypto $BNB
Binance Launches Tesla Contract 5x Leverage
Binance will launch a Tesla equity perpetual contract with up to 5x leverage, settling in USDT, supporting multi-asset mode. #Update #Crypto $USDT
Binance CEO Position Remains Vacant After Pardon
Changpeng Zhao (CZ) confirms he won’t return as Binance CEO despite a presidential pardon, praising current leadership and denying ties to the Trump family. Insights on his imprisonment will feature in an upcoming book. #Update #Crypto $BNB
Bitcoin Bullish Despite CZ’s Binance Exit
Changpeng Zhao, known as CZ, confirmed he won’t return to Binance, emphasizing leadership transition. He predicts a bullish trend for $BTC in the coming year despite current price drops. #Update #Crypto $BTC
Ethereum Open Interest Falls Binance Shines
Ethereum open interest declines across exchanges, with Binance standing out due to significant activity. This trend highlights shifting market dynamics. #Update #Crypto $ETH
Binance Pursues MiCA License in Greece
@Binance has filed for a Markets in Crypto-Assets Regulation (MiCA) license in Greece, fast-tracked by the Hellenic Capital Market Commission ahead of the July 1 EU deadline. #Update #Crypto