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The BNB price has soared 17% in the last 24 hours to trade at $1,356 as of 4:00 a.m. EST on a 74% increase in the daily trading volume to $11.89 billion. That price surge comes as Binance prepares to pay $283 million in compensation to users affected by the Oct. 10 flash crash that caused several assets including Ethena’s USDe stablecoin, BNSOL, and WBETH to depeg.  Market data shows that USDE, BNSOL, and WBETH experienced severe depegging events on Binance early today. USDE plunged to as low as $0.6567, BNSOL fell to $34.9, and WBETH dropped to $430.65 at the lowest point. Binance has responded to the incident, stating that the team is… pic.twitter.com/QLS6H1PfnH — Wu Blockchain (@WuBlockchain) October 11, 2025 Ethena’s USDe, intended to stay at $1, briefly fell below $0.66 on Binance, although its price remained steadier on other major venues. The main trigger appears to have been a rapid wave of liquidations, set off by macroeconomic news and pani...

● The end of zero-COVID has implications for growth and inflation globally.  ● "China's reopening is happening faster, and earlier, and so is the recovery" China is rapidly reopening after three years of lockdown by abruptly relaxing strict Covid restrictions. Mainland China has opened sea and land crossings, with Hong Kong dismantling a final pillar of a zero-COVID policy that shielded 1.4 billion Chinese residents from the virus.  In a Tuesday report, Citi's Chief China Economist Xiangrong Yu said:  "We see markets and policymakers looking through the readings as eyes are on the strength and sustainability of China's-post COVID recovery. Reopening is happening faster and earlier, so could the recovery."  Following the historic protests, one of the world's tightest COVID regimes relaxed a policy that involved curbs on movement, frequent testing, and massive lockdown s which damaged the world's second-biggest economy.  While t...

Crypto investors with a lot of money, also known as "whales", are always looking for new investments to give them an edge in the markets. To do this, they often take advantage of presales as part of a strategy to buy large amounts of certain alt coins early on before they go public. But what exactly makes these crypto whales so interested in a particular altcoin? For one, experienced investors know how to identify promising projects early on to maximize their returns. For example, the up-and-coming project FightOut plans to open gyms, create a celebrity-led ambassador program, and launch AI-powered fighters - making a strong investment case for its $FGHT token. This has led the project to raise over $2 million within just a few days of launching. An additional benefit to presales is the possibility of bonus rewards. For example, FightOut offers investors up to 25% extra tokens for purchases of $50,000 or more and 10% for token purchases of just $500. This...