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Binance's Richard Teng breaks down the ‘10/10’ nightmare that rocked crypto
Yahoo Finance· 2026-02-12 08:33
Core Insights - Binance did not cause the crypto market liquidation event on October 10, but all exchanges experienced significant liquidations due to external factors such as China's rare earth metal controls and new U.S. tariffs [1] - The U.S. equity market lost $1.5 trillion in value on the same day, with $150 billion in liquidations, while the crypto market saw about $19 billion in liquidations across all exchanges [2] Group 1: Market Impact - Approximately 75% of the liquidations occurred around 9:00 p.m. ET, coinciding with a stablecoin depegging and delays in asset transfers [1] - Binance provided support to affected users, a move not taken by other exchanges [2] Group 2: Trading Volume and User Base - Binance facilitated $34 trillion in trading volume last year and has 300 million users, with no significant withdrawals reported from the platform [3] Group 3: Market Trends and Institutional Interest - The crypto market is influenced by broader geopolitical tensions, but institutional investment remains strong despite market fluctuations [3][5] - Retail demand is currently lower compared to the previous year, but institutional and corporate deployment in the sector continues to be robust [5] Group 4: Future Outlook - Uncertainty regarding interest rate movements and geopolitical tensions are ongoing concerns for crypto assets [4] - Historical trends indicate that crypto prices move cyclically, which long-term participants have observed [4]
X @CZ 🔶 BNB
CZ 🔶 BNB· 2026-02-12 08:21
🤣Ruslan Khairullin (@Rus_Khairullin):Today I was at an event in Hong Kong that I won’t nameI was introduced to someone as “the biggest crypto influencer of the Russian region”A convo proceeded and I never thought this would happen but I was offered a $25K payment to fud Binance and CZ for the entire month of https://t.co/ihOSY9fdVp ...
X @Binance
Binance· 2026-02-12 08:02
Spring Festival = extra rewards.Increase your BTC hashrate on Binance Pool and share upto 3,000 USDC.More information 👉 https://t.co/1JI6ssgyL9 https://t.co/nBwyiP2ALS ...
X @CoinDesk
CoinDesk· 2026-02-12 07:45
RT Consensus Hong Kong (@consensus_hk)Join @_RichardTeng in a fireside chat with Consensus Chairman @mikelaujr to discuss @binance's role as a leading blockchain ecosystem and digital asset exchange.📍 @Auros_global Mainstage🕓 4:00 PM HKT https://t.co/Mda90rKMTL ...
X @Wu Blockchain
Wu Blockchain· 2026-02-12 07:39
Binance will list Espresso (ESP) and open trading for the following spot trading pairs at 13:00 (UTC) on February 12, 2026: ESP/USDT, ESP/USDC, and ESP/TRY. Espresso (ESP) will be listed with Seed Tag applied. Espresso is a decentralised base layer aimed at improving Layer 2 rollup performance.https://t.co/a0nIfeMUjm ...
X @CoinMarketCap
CoinMarketCap· 2026-02-12 07:25
TradFi continues to enter the chat. 🏦Franklin Templeton partnered with Binance for an institutional off-exchange collateral program.Plus, a new $100K "Good Vibes Only" hackathon is now live to encourage developers to build autonomous AI agents on-chain.6/7 https://t.co/1PHKxeVRSx ...
X @Binance Wallet
Binance Wallet· 2026-02-12 07:21
Please get ready to claim the Binance Alpha airdrop today at 13:00 (UTC).Users with at least 240 Binance Alpha Points can claim the token on a first-come, first-served basis until the airdrop pool is fully distributed or the airdrop event expires. Further details will be announced soon.Please stay tuned to Binance’s official channels for the specific airdrop tokens and the latest updates. ...
X @THE HUNTER
GEM HUNTER 💎· 2026-02-12 07:10
RT Leonidas 🧡 $DOG (@LeonidasNFT)LET ME GET THIS STRAIGHTIN THE MIDDLE OF RECORD WITHDRAWALS FROM BINANCE THE OUTFLOW DATA FOR BINANCE ON DEFILLAMA MAGICALLY DISAPPEARS???SO PEOPLE SWITCH TO COINGLASS BUT THEN MAGICALLY BINANCE'S NET OUTFLOWS DROP FROM -$3B TO ONLY $-93M???WE ARE SUPPOSED TO BELIEVE THIS! ...
X @CryptoJack
CryptoJack· 2026-02-12 07:00
$3,760,000,000 has been flown out of Binance in just 24 hours. https://t.co/2Z1ESPzgpx ...
X @Binance
Binance· 2026-02-12 06:54
#Binance SAFU Fund Asset Conversion – Final UpdateBinance has successfully completed the final tranche purchase of 4,545 BTC, finalizing the $1 billion transition of SAFU stablecoin reserves into Bitcoin.This transition was completed within 30 days of the initial announcement, as committed.SAFU now holds 15,000 #BTC, worth $1,005,000,000 USD at the time of completion (calculated at a BTC price of $67,000).SAFU BTC Address:1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkDLatest TXID:https://t.co/EgFzIA0HhhWith SAFU Fund no ...