🤡Dear friends Crypto is very important for all Binancian friends. So that note it carefully:- Star Xu from OKX points out something interesting—Binance’s $800 million payout after 10/10 barely takes the edge off. Let’s talk numbers: around $19 billion wiped out in 24 hours, more than 1.6 million accounts affected. That $800 million? It barely covers 4% of the losses.

Xu also calls out how pushing USDe at 12% APY pulled in a lot of over-leveraged traders. Binance claims 75% of the blow-up was due to macro factors and technicals, not just their products.

Now for the bigger question: is compensation just good PR, or should it be a standard in the industry?

And another thing what’s actually safer for leveraged trading: confidential compliance chains or standard EVM chains? I’m curious what you think.
#BitcoinOptionsVolatilityHitsFiveYearLow
#GTC
#rsr