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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...

In this episode of WuBlockchain Podcast, we once again discuss recent macro trends with Jiang Jinze, Chairman of MuseLabs, a global asset allocation research institution, and former Chief Researcher at Binance Research China. Due to Japan’s rate hike, global risk assets experienced a flash crash on August 5th. Jiang Jinze believes that this is not a typical crisis. He also argues that the current data is insufficient to support the view of a U.S. economic recession, so with the U.S. rate cut in September, there is a possibility of a rise in risk assets, including cryptocurrencies, in the fourth quarter. Ethereum’s trend may be similar to Bitcoin’s around the launch of the Bitcoin ETF. Transcript of the previous podcast: link The audio transcription was completed by GPT and may contain errors. Please listen to the full podcast: YouTube Spotify Apple Podcasts Please note: The views expressed by the interviewee do not represent those of WuBlockchain. WuBlockchain does not endorse any pr...