Hyperliquid CEO Warns Binance Data May Understate True Market Losses The recent $19 billion liquidation event has sparked significant worries regarding data transparency across centralized exchanges globally. Jeff Yan, the CEO of Hyperliquid, cautioned that the liquidation tracking system used by Binance could greatly underestimate actual market losses during periods of high volatility. Yan clarified…
BONK Revives Solana Community Through Massive Airdrop and Grassroots Engagement Strategy BONK emerged at a pivotal moment when the Solana ecosystem was grappling with diminishing engagement and waning user confidence across the industry. The project launched on Christmas Day 2022 with a groundbreaking community airdrop that distributed half of its supply at no cost. This…
Solana Surpasses Ethereum and Binance to Lead 24-Hour DEX Volume Globally Solana has taken the crypto market by surprise, outpacing both Ethereum and Binance in terms of 24-hour trading volume on decentralized exchanges. This achievement highlights Solana’s comeback as traders are increasingly drawn to its rapid performance, scalability, and economical infrastructure compared to its rivals.…
Pi Network Unveils Testnet Playground for DeFi Education Pi Network has officially launched its DeFi Testnet Playground, representing a significant milestone in its decentralized finance roadmap. This setting provides Pioneers with the opportunity to safely delve into automated market makers, decentralized exchanges, and liquidity pools. Individuals have the ability to generate test tokens and mimic…
Aster Postpones Airdrop Following Allocation Complaints Aster, the decentralized exchange backed by Binance founder Changpeng Zhao’s YZi Labs, has postponed its Stage 2 airdrop to October 20. The adjustment follows feedback from users regarding insufficient token distributions and possible inconsistencies in data during the verification process. The update, initially scheduled for October 14, now provides…
ASTER Market Shaken by Abrupt Drop in Confidence The removal of Aster from the prominent analytics platform DeFiLlama has unsettled investor confidence and sparked significant uncertainty. Concerns have been raised by analysts regarding the possibility of inflated trading data on decentralized exchanges leading to this event. The market response has been swift, as ASTER’s token…
Bitcoin Experiences a Dip Following Weekend Peaks Bitcoin (BTC) experienced a slight pullback after reaching an all-time high of approximately $125,500 on October 5. The top cryptocurrency experienced a brief drop to $122,500 before bouncing back to approximately $123,700 as of this writing, reflecting a daily decrease of 0.8%. Even with the recent decline, experts…
Kazakhstan Launches Alem Crypto Fund Initiative Kazakhstan has officially unveiled the Alem Crypto Fund, its first state-backed digital asset investment program. The fund is managed by Qazaqstan Investment Corporation and operates under the Astana International Financial Centre’s regulatory framework. This strategic initiative positions Kazakhstan as a forward-thinking participant in the global crypto economy. Unlike previous…
BNB Chain Surges to First Place in DAU Rankings BNB Chain has officially secured the top spot in daily active user (DAU) rankings, marking a significant shift in blockchain activity trends. According to fresh data, BNB Chain’s ecosystem now leads user engagement across the Web3 landscape. This performance highlights the growing traction of both its…
Binance Records Unprecedented Bitcoin Outflows Binance has seen nine consecutive days of Bitcoin outflows, signaling heightened investor positioning ahead of the U.S. Federal Reserve’s policy decision. Historically, consistent outflows from exchanges indicate stronger buying activity as traders move BTC into self-custody. The move suggests that investors expect near-term price appreciation rather than selling pressure. According…
