USDe's unrealized profit-and-loss exposure to Binance is estimated at about $8.8 million, compared to its reserve fund exceeding $60 million. This comes after Binance reported a $6.3 billion security incident, freezing roughly $3 billion on-chain and committing to cover losses with its Secure Asset Fund and company funds. Ethena Labs highlighted that USDe's collateral is held off-exchange and confirmed over 101% collateralization, though details on calculations and timing remain unclear. The situation underscores risks tied to exchange failures and unsettled profit and loss, with USDe maintaining a strong reserve despite the exposure.
Binance Coin (BNB) shows a market cap of Rp1.664,42 trillion and a 24-hour trading volume of Rp53,78 trillion on Pluang as of Oct 31, 2026, 06:41 WIB. The coin's price is Rp12.745.887 with a slight 0.89% decrease in the last day, while the platform sees 63% of orders buying BNB and a typical holding period of 90 days. This trading activity occurs alongside ongoing concerns about Binance's security incident and USDe's exposure, highlighting the market's cautious stance.
Aave froze its v3 and v4 markets after a Binance Ethereum hot wallet sent large amounts of ETH and ERC-20 tokens to an exploiter address, halting new supply and borrow positions to contain damage. This incident triggered a bearish reaction across the...
On October 30, Indian price indexes for stablecoins Tether (USDT) and USD Coin (USDC) reached record premiums of 7.19% and 7.85% respectively, indicating local prices well above their dollar peg. This occurred shortly after Binance disclosed a securi...
A video posted by the Bitcoin Historian account claims that former President Donald Trump was reviewing an alleged $6.3 billion hack involving Binance. However, the post lacks crucial details such as when or where the remarks were made, what exactly ...
The $6.4 billion hack of Binance, the largest crypto theft ever, is unlikely to stop crypto's recovery, according to analysts from Cantor Fitzgerald, TD Cowen, and Compass Point. They view the selloff as a buying opportunity for crypto-linked stocks ...
Changpeng Zhao, founder of Binance, publicly asked Elon Musk to stop trolling the cryptocurrency exchange after Musk posted laughing and fire emojis on X (formerly Twitter) in response to Binance's recent hack. The incident highlights tensions betwee...
