What Really Caused the $19B Crypto Crash and How a Binance Flaw Set It Off
TLDR: $60–90M in USDe and related tokens dumped on Binance triggered internal price distortions. Binance’s use of order-book data instead of oracles led to $1B in forced liquidations. Coordinated shorts on Hyperliquid profited $192M as prices fell globally. The event exposed the risk of centralized pricing systems under leveraged conditions. Crypto traders watched prices nosedive [...] The post What Really Caused the $19B Crypto Crash and How a Binance Flaw Set It Off appeared first on Blockonomi.
EBA Flags Crypto Risks During MiCA Transition
MiCA aims to standardize crypto oversight across the EU. Some firms may exploit regulatory gaps before full enforcement begins on July 1, 2026. According to the report, these firms might register in EU countries with less stringent regulations and then use “passporting” rights to operate across the bloc, potentially leading to opaque governance and complex […] The post EBA Flags Crypto Risks During MiCA Transition appeared first on Altcoin Buzz.
US Senate advances GAIN Act, prioritizing domestic AI and HPC chip sales
The amendment to the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.
ETH down 6.7% after crypto ‘Black Friday,’ showing more resilience than alts
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
Bitcoin, altcoin market sell off continues: What was the cause and when will it end?
Market crash ‘does not have long-term fundamental implications’ — Analyst
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Relax, Bitcoin is going to be ok, even if BTC lost 13% in 8 hours: The proof is in the data
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
‘Very high chance’ this is the start of the crypto bull market: Trader
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market, says crypto trader Alex Becker.
Satoshi’s $100B+ dormant Bitcoin stash: What happens if it finally moves
Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.
Investigation ties 100,000 BTC Hyperliquid whale to former BitForex CEO
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes.
How to use ChatGPT to find hidden gems in the crypto market
Discover hidden crypto gems using ChatGPT: GPTs, sentiment insights and data-driven scanners for smarter research and trading.
Bitcoin retests golden cross, a break above could trigger major rally: Analyst
Bitcoin is retesting the golden cross, a bullish pattern that preceded past parabolic rallies, with analysts saying a breakout above $110,000 could trigger another move.
Bitcoin eyes $114K liquidity grab as traders bet on BTC price rebound
BTC price action stabilized at around $112,000 ahead of fresh volatility into the weekly close and Bitcoin futures market open.
BNB is the ‘most overlooked blue-chip,’ CEA Industries CEO says as token hits ATH
CEA Industries CEO David Namdar calls BNB “the most overlooked blue-chip,” as the token hits new highs and its ecosystem shows rising usage.
Put equity lending onchain, or get out of the way
Equity lending’s outdated batch settlements and manual reconciliations are failing markets. Onchain infrastructure offers real-time, programmable solutions.
Why did some altcoins on Binance crash to zero?
Several altcoins, including ATOM and IOTX, briefly hit zero on Binance during Friday’s crypto crash but stayed afloat elsewhere.
Explanations of USDe ‘depeg’ on Binance focus on coordinated attack, oracles
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals.
US and China soften trade rhetoric, giving analysts hope of market rebound
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signaled a willingness to negotiate.
Binance says tokens did not crash to $0, claims ‘display’ issue responsible
Friday’s sell-off exposed a UI pricing bug on some pairs, Binance says — zero prices on screens, but orders and balances tracked true market levels.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH readies to reclaim $4.5K as futures markets stabilize from crypto flash crash
ETH price sharply recovered as market fears eased and derivatives stabilized, suggesting that a return to $4,500 could be Ether’s next stop.
ETH, BNB, DOGE lead as crypto market cap rebounds to $4T
Ether, BNB and Solana led as the crypto market powered back up after Friday’s flash crash, with crypto treasury firm BitMine capitalizing on the dip.
White House reportedly mulling pardon for Binance founder CZ
Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”
Bitcoin Core v30 goes live with controversial OP_RETURN change
Bitcoin Core launched its major v30 update on Saturday, with the community split over its drastic increase to the OP_RETURN data limit.
Crypto derivatives funding rates drop to 3-year lows: A bullish sign?
Crypto derivatives funding rates have fallen to levels last seen in the 2022 bear market, as billions in leveraged positions were liquidated.
Steak ‘n Shake quickly U-turns as Ether poll angers Bitcoiners
Steak ‘n Shake quickly retracted the idea of accepting Ether as a payment after Bitcoiners slammed its poll asking the community if it should.
Trader who made $192M shorting the crypto crash is doing it again
The Hyperliquid trader made millions from short positions placed just minutes before Trump’s tariff announcement, sparking wild theories.
US gov shutdown enters 3rd week with ETF ‘floodgates’ ready to burst
The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
$120K or end of bull market? 5 things to know in Bitcoin this week
Bitcoin rebounded to $116,000 and gold hit new all-time highs as bulls woke up to face what could be their ultimate test this week.
Crypto funds attract $3.2B inflows despite Friday’s flash crash
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil.
Singapore court approves WazirX restructuring plan after $234M hack
The Singapore High Court’s approval clears the way for WazirX to restart operations and begin compensating more than 150,000 users.
US Senate advances GAIN Act, prioritizing domestic AI and HPC chip sales
The amendment to the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.
ETH down 6.7% after crypto ‘Black Friday,’ showing more resilience than alts
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
Bitcoin, altcoin market sell off continues: What was the cause and when will it end?
Market crash ‘does not have long-term fundamental implications’ — Analyst
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Relax, Bitcoin is going to be ok, even if BTC lost 13% in 8 hours: The proof is in the data
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
‘Very high chance’ this is the start of the crypto bull market: Trader
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market, says crypto trader Alex Becker.
Satoshi’s $100B+ dormant Bitcoin stash: What happens if it finally moves
Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.
Investigation ties 100,000 BTC Hyperliquid whale to former BitForex CEO
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes.
How to use ChatGPT to find hidden gems in the crypto market
Discover hidden crypto gems using ChatGPT: GPTs, sentiment insights and data-driven scanners for smarter research and trading.
Bitcoin retests golden cross, a break above could trigger major rally: Analyst
Bitcoin is retesting the golden cross, a bullish pattern that preceded past parabolic rallies, with analysts saying a breakout above $110,000 could trigger another move.
Bitcoin eyes $114K liquidity grab as traders bet on BTC price rebound
BTC price action stabilized at around $112,000 ahead of fresh volatility into the weekly close and Bitcoin futures market open.
BNB is the ‘most overlooked blue-chip,’ CEA Industries CEO says as token hits ATH
CEA Industries CEO David Namdar calls BNB “the most overlooked blue-chip,” as the token hits new highs and its ecosystem shows rising usage.
Put equity lending onchain, or get out of the way
Equity lending’s outdated batch settlements and manual reconciliations are failing markets. Onchain infrastructure offers real-time, programmable solutions.
Why did some altcoins on Binance crash to zero?
Several altcoins, including ATOM and IOTX, briefly hit zero on Binance during Friday’s crypto crash but stayed afloat elsewhere.
Explanations of USDe ‘depeg’ on Binance focus on coordinated attack, oracles
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals.
US and China soften trade rhetoric, giving analysts hope of market rebound
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signaled a willingness to negotiate.
Binance says tokens did not crash to $0, claims ‘display’ issue responsible
Friday’s sell-off exposed a UI pricing bug on some pairs, Binance says — zero prices on screens, but orders and balances tracked true market levels.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH readies to reclaim $4.5K as futures markets stabilize from crypto flash crash
ETH price sharply recovered as market fears eased and derivatives stabilized, suggesting that a return to $4,500 could be Ether’s next stop.
ETH, BNB, DOGE lead as crypto market cap rebounds to $4T
Ether, BNB and Solana led as the crypto market powered back up after Friday’s flash crash, with crypto treasury firm BitMine capitalizing on the dip.
White House reportedly mulling pardon for Binance founder CZ
Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”
Bitcoin Core v30 goes live with controversial OP_RETURN change
Bitcoin Core launched its major v30 update on Saturday, with the community split over its drastic increase to the OP_RETURN data limit.
Crypto derivatives funding rates drop to 3-year lows: A bullish sign?
Crypto derivatives funding rates have fallen to levels last seen in the 2022 bear market, as billions in leveraged positions were liquidated.
Steak ‘n Shake quickly U-turns as Ether poll angers Bitcoiners
Steak ‘n Shake quickly retracted the idea of accepting Ether as a payment after Bitcoiners slammed its poll asking the community if it should.
Trader who made $192M shorting the crypto crash is doing it again
The Hyperliquid trader made millions from short positions placed just minutes before Trump’s tariff announcement, sparking wild theories.
US gov shutdown enters 3rd week with ETF ‘floodgates’ ready to burst
The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
$120K or end of bull market? 5 things to know in Bitcoin this week
Bitcoin rebounded to $116,000 and gold hit new all-time highs as bulls woke up to face what could be their ultimate test this week.
Crypto funds attract $3.2B inflows despite Friday’s flash crash.
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil.
Singapore court approves WazirX restructuring plan after $234M hack
The Singapore High Court’s approval clears the way for WazirX to restart operations and begin compensating more than 150,000 users.
Bitcoin Lost $12B in Futures, Now the Market’s Bracing for What Comes Next
TLDR: Bitcoin’s open interest plunged $12B in a week, marking one of the largest futures contractions this year. Funding rates briefly turned negative during Friday’s sell-off before stabilizing in modestly positive territory. Bitcoin’s leverage ratio dropped to levels unseen since 2022, showing mass deleveraging across exchanges. Stablecoin supply ratio fell to April lows, signaling increased [...] The post Bitcoin Lost $12B in Futures, Now the Market’s Bracing for What Comes Next appeared first on Blockonomi.
Gamble with your crypto? Sure. Gamble with your future? Don't do it.
After yesterday's multibillion dollar leveraged crypto wipeout, traders are licking their wounds — but those who cannot remember the past are condemned to repeat it.
US Senate advances GAIN Act, prioritizing domestic AI and HPC chip sales
The amendment to the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.
ETH down 6.7% after crypto ‘Black Friday,’ showing more resilience than alts
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
Bitcoin, altcoin market sell off continues: What was the cause and when will it end?
Market crash ‘does not have long-term fundamental implications’ — Analyst
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Relax, Bitcoin is going to be ok, even if BTC lost 13% in 8 hours: The proof is in the data
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
‘Very high chance’ this is the start of the crypto bull market: Trader
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market, says crypto trader Alex Becker.
Satoshi’s $100B+ dormant Bitcoin stash: What happens if it finally moves
Satoshi’s $100-billion Bitcoin hoard remains untouched. In case it enters the market, it might have unexpected outcomes.
Investigation ties 100,000 BTC Hyperliquid whale to former BitForex CEO
An investigation has tied the Hyperliquid whale controlling over 100,000 BTC to Garrett Jin, the ex-BitForex CEO whose exchange collapsed amid fraud probes.
How to use ChatGPT to find hidden gems in the crypto market
Discover hidden crypto gems using ChatGPT: GPTs, sentiment insights and data-driven scanners for smarter research and trading.
Bitcoin retests golden cross, a break above could trigger major rally: Analyst
Bitcoin is retesting the golden cross, a bullish pattern that preceded past parabolic rallies, with analysts saying a breakout above $110,000 could trigger another move.
Bitcoin eyes $114K liquidity grab as traders bet on BTC price rebound
BTC price action stabilized at around $112,000 ahead of fresh volatility into the weekly close and Bitcoin futures market open.
BNB is the ‘most overlooked blue-chip,’ CEA Industries CEO says as token hits ATH
CEA Industries CEO David Namdar calls BNB “the most overlooked blue-chip,” as the token hits new highs and its ecosystem shows rising usage.
Put equity lending onchain, or get out of the way
Equity lending’s outdated batch settlements and manual reconciliations are failing markets. Onchain infrastructure offers real-time, programmable solutions.
Why did some altcoins on Binance crash to zero?
Several altcoins, including ATOM and IOTX, briefly hit zero on Binance during Friday’s crypto crash but stayed afloat elsewhere.
Explanations of USDe ‘depeg’ on Binance focus on coordinated attack, oracles
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals.
US and China soften trade rhetoric, giving analysts hope of market rebound
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signaled a willingness to negotiate.
Binance says tokens did not crash to $0, claims ‘display’ issue responsible
Friday’s sell-off exposed a UI pricing bug on some pairs, Binance says — zero prices on screens, but orders and balances tracked true market levels.
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH readies to reclaim $4.5K as futures markets stabilize from crypto flash crash
ETH price sharply recovered as market fears eased and derivatives stabilized, suggesting that a return to $4,500 could be Ether’s next stop.
ETH, BNB, DOGE lead as crypto market cap rebounds to $4T
Ether, BNB and Solana led as the crypto market powered back up after Friday’s flash crash, with crypto treasury firm BitMine capitalizing on the dip.
White House reportedly mulling pardon for Binance founder CZ
Binance co-founder Changpeng Zhao said that being considered for a presidential pardon from Trump would be “great news if true.”
Bitcoin Core v30 goes live with controversial OP_RETURN change
Bitcoin Core launched its major v30 update on Saturday, with the community split over its drastic increase to the OP_RETURN data limit.
Crypto derivatives funding rates drop to 3-year lows: A bullish sign?
Crypto derivatives funding rates have fallen to levels last seen in the 2022 bear market, as billions in leveraged positions were liquidated.
Steak ‘n Shake quickly U-turns as Ether poll angers Bitcoiners
Steak ‘n Shake quickly retracted the idea of accepting Ether as a payment after Bitcoiners slammed its poll asking the community if it should.
Trader who made $192M shorting the crypto crash is doing it again
The Hyperliquid trader made millions from short positions placed just minutes before Trump’s tariff announcement, sparking wild theories.
US gov shutdown enters 3rd week with ETF ‘floodgates’ ready to burst
The crypto industry is awaiting a final decision on 16 crypto exchange-traded funds this month, including funds tracking Solana, XRP, Litecoin and Dogecoin.
$120K or end of bull market? 5 things to know in Bitcoin this week
Bitcoin rebounded to $116,000 and gold hit new all-time highs as bulls woke up to face what could be their ultimate test this week.
Crypto funds attract $3.2B inflows despite Friday’s flash crash.
Friday’s massive crypto market crash sent Bitcoin fund trading volumes to record highs, but crypto ETPs held firm amid the turmoil.
Gamble with your crypto? Sure. Gamble with your future? Don't do it.
After yesterday's multibillion dollar leveraged crypto wipeout, traders are licking their wounds — but those who cannot remember the past are condemned to repeat it.
US Senate advances GAIN Act, prioritizing domestic AI and HPC chip sales
The amendment to the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.
ETH down 6.7% after crypto ‘Black Friday,’ showing more resilience than alts
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
Bitcoin, altcoin market sell off continues: What was the cause and when will it end?
Market crash ‘does not have long-term fundamental implications’ — Analyst
The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
Relax, Bitcoin is going to be ok, even if BTC lost 13% in 8 hours: The proof is in the data
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
Crypto traders blame Trump’s tariffs in search of ‘singular event’: Santiment
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
‘Very high chance’ this is the start of the crypto bull market: Trader
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market, says crypto trader Alex Becker.