Ethena Labs alerted on a potential security incident at Binance but assured that USDe's collateral is held by off-exchange custodians, not on Binance itself. This means the backing assets remain secure and unaffected, preserving USDe's minting and redemption functions. While Ethena relies on Binance for hedging via perpetual futures, the custody setup protects the collateral even if the exchange faces issues. The situation is still developing, with no confirmed impact on USDe's operations so far.
Following Ethena Labs' alert about a potential security issue involving Binance, market activity shows a cautious stance. On Pluang as of Oct 30, 2026 04:22 WIB, BNB trades at Rp13.011.157 with a 1-day drop of 5.51%, while Ethena's ENA token is down 8.84% at Rp3.507. The platform data also reveals a higher sell order activity for ENA at 78%, compared to 63% for BNB, indicating more selling pressure on Ethena amid the news.
Binance Coin (BNB) experienced a sharp decline of 5.90% within one hour, falling to $696 on October 29. Over the same period, liquidations of long positions across Binance, Bybit, and OKX totaled approximately $8.16 million, with an additional $290,0...
On October 29, 2026, large transfers totaling about $2.77 billion moved out of Binance-linked wallets across five blockchains, causing Binance Coin (BNB) to drop nearly 9%. Binance has not confirmed any hack or loss of funds, and the transfers remain...
Binance Coin (BNB) fell 3.52% within one hour to $719 as of 4:35 p.m. ET on October 29, with a 24-hour loss of 4.50%. The decline was recorded on Binance's spot market, where the price dropped from $745 to $719 in that hour. During the same period, l...
Bitcoin's futures open interest rose to $54.78 billion, signaling increased trader activity, with Binance leading the market. Options traders show bullish sentiment, favoring call options at $90,000, $95,000, and $100,000 strikes, while also buying p...
Binance recorded a significant deposit of 34.5 million USDT from an unidentified wallet on October 29, exceeding a previous large transfer of 31.6747 million USDT on October 22. These transactions indicate substantial inflows of Tether tokens to the ...
