Binance compensates users affected by the depeg of USDE, BNSOL, and WBETH, while analysts predict prolonged market impact following the October 11 crash and Bitcoin's test of key price levels.
Binance has compensated users with $283 million following the October 11 crash that saw USDE, BNSOL, and WBETH depeg amid severe market volatility. The company clarified that the issue was related to brief slowdowns in certain modules. U.S. President Donald Trump is reported to hold approximately $870 million in Bitcoin through Truth Social’s parent company. Tether’s USDT maintained stability during the crash, and analysts warned that the full market impact may take weeks to unfold, with Bitcoin testing crucial resistance levels at $110,000.