Technical Issue or Manipulation? On Friday, October 10, 2025, the cryptocurrency exchange Binance experienced a significant incident where multiple altcoins appeared to have their prices crash to zero, causing widespread alarm among traders. The exchange promptly addressed the situation, attributing it to a "display issue" rather than an actual market collapse. This explanation was set against the backdrop of extreme market volatility that saw a record $20 billion in liquidations across the crypto market, which Binance stated also led to other system overloads on its platform. Despite Binance's official explanation, many in the crypto community speculate that the event may have been a sophisticated market manipulation. This theory suggests that malicious actors could have exploited a vulnerability in Binance's "Unified Account" feature, which at the time used internal order book data for its price oracles.
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U.S.–Europe Relations: A Transatlantic Partnership in a Changing World The relationship between the United States and Europe is one of the most consequential and enduring partnerships in modern international affairs. Rooted in shared democratic values, economic interdependence, and a long history of cooperation, the transatlantic alliance has shaped global security, trade, and diplomacy for over seven decades.
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Here’s a concise recap of Wednesday’s crypto pullback and its links to recent macro releases: On September 25, major cryptocurrencies slipped as investors unwound leveraged bets ahead of key U.S. inflation data. Bitcoin dipped about 0.8% to $111,722, while Ether fell 4.3%, marking the biggest deleveraging event of the year following the Fed’s 25 bp rate cut earlier in the week and in anticipation of tomorrow’s Personal Consumption Expenditures (PCE) report—Washington’s preferred inflation gauge, which could shape the next Fed move. This crypto sell-off coincided with mixed signals from the U.S. economy. August core capital goods orders unexpectedly rose 0.6%, suggesting firms are still spending on equipment despite tariff-driven price pressures. At the same time, U.S. Treasury yields climbed—yields on 5-year notes hit 3.72% after a tepid auction—adding headwinds for risk assets including digital tokens.
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