Balance Coin (BLC), an algorithmic stablecoin, collapsed by over 99% to $0.0014 on July 22, 2026, after hackers exploited its governance by manipulating the Bitcoin price oracle. This triggered massive liquidations, draining nearly $912,000 from its governance entity, 42DAO, wiping out most of its $3.5 million market value. The incident highlights critical vulnerabilities in DeFi platforms, especially around price oracle security, raising concerns about the stability and safety of algorithmic stablecoins. It may prompt increased regulatory scrutiny and calls for stronger security measures in the decentralized finance space.
On October 1, Binance recorded the largest daily net inflow of TRX in 99 days, with +79.8 million TRX deposited, significantly above the 30-day average. Despite this spike, the net inflow was driven by a single day rather than a sustained trend, and ...
Ether (ETH) experienced $10.5 million in short-position liquidations within one hour ending at 6:26 p.m. ET on October 4, as its price increased by 1.04% from $2,705 to $2,733. These liquidations occurred across Binance, Bybit, and OKX exchanges, wit...
Bitcoin's price increased by 0.59% within an hour on October 5, moving from $86,052 to $86,564. During this period, $13.96 million in short positions were liquidated across Binance, Bybit, and OKX, while only $10,000 in long positions were liquidated...
Binance liquidated a single Bitcoin short position worth $2.56 million on its perpetual futures market at a price of $86,567. This liquidation occurred on October 4 at 6:16 p.m. ET and involved closing a short trade, which profits from price declines...
France's Schneider Electric is close to acquiring US software company PTC for about $20 billion, according to the Financial Times. The deal could be announced as soon as Monday, though discussions are still ongoing and not guaranteed. PTC, based in B...
