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Cryptocurrency · United StatesCrypto markets witnessed their largest single-day sell-off in history on Friday, with $19.5 billion worth of leveraged crypto positions liquidated in 24 hours — nine times larger than the February 2025 crash, and 19 times larger than the March 2020 crash and collapse of FTX — and 1.6 million traders affected.See the Story
Crypto Experiences Largest Single-Day Sell-Off in History
64% Center coverage: 78 sources

BinanceCrypto exchange Binance compensated affected users after several major tokens — including USDe, BNSOL, and WBETH — lost their pegs during a period of extreme market volatility on Friday. Binance said it paid out around $283 million in compensation in two batches to Binance Earn users, after reviewing all futures, margin and loan users over a period of 72 hours. The exchange also plans to implement additional safeguards to prevent another depeg e…See the Story
Binance Pays $283 Million to Users After Token Depegs Trigger Major Losses
100% Center coverage: 1 sources