RT Haseeb ＞|＜ (@hosseeb)Did Ethena Really Depeg?I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. Here’s the Binance chart everyone is quoting:But digging into the data and talking to a bunch of folks over last couple days, it's now clear this story is not correct. USDe did *not* depeg.First thing to understand about USDe: its most liquid venue is actually not on exchanges, it’s on Curve. There’s hundre ...

币安已进行全面审查，目前可以确认，在此次事件期间，平台核心的现货与期货撮合引擎及API交易功能始终保持正常运行。数据显 示，币安平台处理的强制平仓量占总交易量的比例相对较低，表明此次波动主要受整体市场行情驱动。 币安同时披露，已在事发后24小时内完成了对因资产脱钩问题而蒙受损失的用户的赔偿，两批赔偿总额约为2.83亿美元。 此次市场动荡始于上周五，据报道，美国总统特朗普在社交媒体上发布的关税威胁言论被视为导火索。比特币价格一度从超过12.6万美元的高点 下跌13.5%，数小时内，加密货币市场哀鸿遍野。在市场最需要流动性的时候，大量用户报告称，在币安等交易平台遭遇系统延迟、订单无法执 行甚至账户被冻结，导致损失扩大。 "定点攻击"疑云与资产脱钩，币安：大跌在前，资产脱钩在后 上周五，币圈经历一轮"史诗级爆仓"、加密货币集体大跌。期间，全球最大的加密货币交易所币安由于"宕机事件"遭遇用户广泛质疑。 面对社交媒体上"关键时刻拔网线"的指责，10月13日周一，币安发布声明作出回应，其承认平台出现技术问题，但同时强调，市场崩盘主要由宏 观环境驱动，而非平台出现的系统性故障。 币安表示，"部分平台模块短暂出现技术故障"， ...

Core Viewpoint - The recent decline in the crypto market is viewed as a necessary "stress test" rather than a collapse of market fundamentals, providing an opportunity for strategic asset purchases by CXC10 [2][3][5]. Market Analysis - The crypto market experienced a significant deleveraging event, with over $16 billion in positions liquidated, resulting in a loss of nearly $200 billion in total market capitalization [2][3]. - The primary cause of the pullback was excessive leverage and panic selling, exacerbated by geopolitical factors, particularly Trump's tariff threats against China [3][4]. Strategic Response - CXC10 plans to officially launch strategic asset purchases starting next week, capitalizing on the current market conditions to acquire high-quality assets at attractive prices [6][7]. - The company has established necessary infrastructure for asset purchases, including cash settlement and cryptocurrency custody accounts [7]. Investment Framework - The company employs a systematic SMART Investment Framework, focusing on risk management and strategic allocation to navigate market downturns [8][10]. - The investment strategy includes passive defense by tracking the C10 Index and active allocation to top cryptocurrencies based on quantitative analysis [8][9]. Future Plans - CXC10 aims to expand its investment and M&A focus on core blue-chip assets and high-growth projects that have been undervalued during the market correction [12][13]. - The company is also looking to identify startups for strategic mergers and acquisitions to enhance its industry presence [14]. Long-Term Vision - The company maintains a bullish outlook on the long-term crypto market, driven by regulatory compliance, capital inflows, and technological advancements [15][16]. - The mission is to build a Web3 ecosystem that integrates with the real economy, positioning itself to thrive in both bull and bear markets [16].

RT G | Ethena (@gdog97_)While we share these suggestions privately with any partner we work with across both DeFi and CeFi, want to surface this publicly so there is zero doubt going forward on what we view as appropriate oracle design and risk management for USDe: https://t.co/lb4OeaGn9Y ...

USDe’s peg didn’t break, Binance APIs did:Haseeb ＞|＜ (@hosseeb):Did Ethena Really Depeg?I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. Here’s the Binance chart everyone is quoting:But digging into the data and talking to a bunch of https://t.co/lQuZrQbL7f ...

RT ElonTrades (@ElonTrades)The Oct 11 Crypto Crash — What Really HappenedTL;DR:Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement. ...

Ethena USDe. Photo by BeInCrypto As $1 billion in redemptions rippled through the market, Ethena Labs insists its synthetic dollar, USDe, worked exactly as designed and that Binance’s own pricing systems triggered the meltdown. This weekend’s market saga affected all crypto sectors, with stablecoins also caught in the crosshairs following a supposed glitch at the world’s largest exchange. Ethena Defends Against $1 Billion Binance Meltdown In a detailed post on X (Twitter), Ethena founder Guy Young pushe ...

Core Insights - Binance will compensate users a total of $283 million due to collateral asset depegging incidents during the market crash on October 10 [1][4][5] - The exchange attributes the market volatility to global macroeconomic stress rather than a failure of its platform [2][3] - Binance's systems, including futures and spot matching engines, remained operational throughout the event, with forced liquidation volume being relatively low [3] Compensation Details - The compensation was distributed in two batches within 24 hours, covering losses incurred by users whose positions were liquidated due to holding depegged assets as collateral [4][5] - Affected assets included USDe, BNSOL, and WBETH, which briefly depegged during the market shock [4] Technical Issues - Confusion arose from legacy limit orders dating back to 2019, which executed at extreme prices due to low liquidity, creating the appearance of flash crashes [6] - User interface display errors occurred after adjustments to tick size settings, leading to prices displaying as zero, although actual executions remained correct [7] - Binance has resolved these display issues and is committed to optimizing its systems to prevent future confusion [7][8]

Mag7. Photo by BeInCrypto When cryptocurrency prices plunged after President Donald Trump announced fresh tariffs, Binance — long seen as the industry’s core liquidity engine — quickly became the focal point of the chaos. For many Binance users, the exchange’s cross-margin system, which links all assets in a trader’s account as collateral, worsened their losses. Was Binance's Meltdown Organic or a Calculated Exploit? As prices collapsed, traders reported that Binance’s interface froze during the sell-of ...

So was it a real 'depeg' of USDe, or systemic issues that have nothing to do with Ethena fundamentals?Traders including @ElonTrades suggest the flash crash on Friday has given Binance a lot to think about.https://t.co/plJc9RY17H ...