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Midday News Update #Web3
🐳 @cz\_binance: Appears to respond to @HyperliquidX co-founder’s comments, stating that BSC ecosystem projects have spent hundreds of millions of dollars out of pocket to protect users.
⚖️ @benmo\_eth: Notes that the $USDe depeg battle is mainly driven by leveraged trading, adding that Binance’s withdrawal mechanism unexpectedly locked potential arbitrage routes.
💰 On-chain Data: The BTC OG whale who profited from shorting before the crash has transferred 100 $BTC to Kraken, possibly preparing to sell.
🔥 WLFI Advisor Ogle: After losing $2.47M in liquidation, he has re-entered the market, opening a 20x leveraged long on $BTC.
💬 @star\_okx: States that $USDe is not a 1:1 pegged stablecoin, but rather a tokenized hedge fund in essence.
#CryptoNews #Web3 #Bitcoin #USDe #DeFi #Binance #OKX