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October 12, 2025
Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals.
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signal a willingness to negotiate.
The tokens did not actually crash to $0, but users saw tokens drop to nearly $0 due to a ‘display’ issue, the Binance exchange said.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
ETH price sharply recovered as market fears eased and derivatives stabilized, suggesting that a return to $4,500 could be Ether’s next stop.
The tokens did not actually crash to $0, but users saw tokens drop to nearly $0 due to a ‘display’ issue, the Binance exchange said.
Tensions between the two countries appear to have cooled off on Sunday, as representatives from both sides signal a willingness to negotiate.
Bitcoin’s $16,700 drop on Friday triggered $5B in futures liquidations, exposing a fragile market structure and renewed volatility despite this year’s spot BTC ETF-driven optimism.
The US-China talks will “be central” to crypto traders’ market moves in the short-term, sentiment platform Santiment said.
The crypto market plunge on Friday was partly due to crypto traders reaching an “all-time impatience” with the market,” says crypto trader Alex Becker.
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