Digital Strategist, F1 Enthusiast & Sushi Lover | Tech | Crypto | #BTC - #CRO - #EGLD - #MultiversX - #VRA| Red Dot Design Award & iF Design Award Winner
The crypto market crash on October 11 is suspected to be a targeted attack that exploited a flaw in Binance's Unified Account margin system.
The issue stemmed from using assets like USDE, wBETH, and BnSOL as collateral, whose liquidation prices were based on Binance's own volatile spot market, not reliable external data. When the market dropped, these collateral assets plummeted (e.g., USDE to $0.65), causing a cascading margin collapse that forced massive liquidations, including those of major market makers.
The attack was timed to exploit a window between Binance's announcement of a fix and its implementation, resulting in estimated losses between $500 million and $1 billion. This event highlights critical risks in exchange collateral policies and risk management.
This is Luna 2.
🚀 Pell x @MultiversX is live!
As of Sept 22, $wEGLD, $xEGLD and $sEGLD
restaking is now available on the Pell dApp.
EGLD holders can unlock new yields while strengthening the cryptoeconomic security of both ecosystems.
🧵 Why this milestone matters 👇
🚨BREAKING NEWS: $CRO ETF will be approved soon.
The CEO of #CryptoCom, @kris, just confirmed it by quoting this article from @Albert_TheVoid.
MAKE #CRO GREAT AGAIN.
for $EGLD to reach just $300-350 it needs approx $5B of new net inflow.
In 2021:
$EGLD had $7-8B of inflow.
$SOL had $60-70B inflow
$AVAX had $20-25B inflow
You're telling me EGLD won't reach new ATH???