Exclusively obtained orderbook data reveals details about USDE crash
Binance’s internal orderbook-based pricing for USDE, bnSOL and wBETH contributed to a record Oct. 10 liquidation event that erased over $19B and cut $65B in open interest.
Crypto market rebounded after record liquidations: Bitcoin and Ethereum rose, total market cap recovered, and a major stablecoin briefly depegged amid trade-tension turmoil.