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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 stablecoin pool ideally has a weightage of 33.3% of each USDT, USDC and DAI, however, on June 15, the USDT weightage rose above 70% in the pool. Tether-issued USDT (USDT) stablecoin slightly deviated from its dollar peg value on June 15 due to an imbalance in the Curve 3pool. The price of USDT fell by 0.3% to around 0.997 as the USDT weightage in the curve 3pool increased to over 70% from the ideal 33.1%. Curve's 3pool is a stablecoin pool for decentralized finance that holds a massive amount of liquidity of the three top stablecoins in DeFi- USDT, USDC and DAI. A significant rise in a particular stablecoin weightage in the curve pool indicates a heavy selling of that stablecoin. USDT price depeg, Source: TradingView With USDT weightage at around 73.8%, it means traders are increasingly selling their USDT for DAI or USDC. USDT concentration in Curve 3pool exceeded over 50% last in November 2022 at the time of FTX collapse. Curve's 3 pool stablecoin weightage. Source: Cur...