Binance faces scrutiny after Friday’s crypto crash. A bill follows Trump’s 401(k) EO. Morgan Stanley allows clients crypto fund access after its GIC paper. Trending: U.S. government seizes 127,271 BTC.
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Binance controversy after Black Friday
Following the severe crypto market crash on October 10, Binance has launched an extensive $400 million “Together Initiative” aimed at restoring user trust and market confidence. The plan includes $300 million in vouchers to compensate users who experienced significant forced liquidations during the crash, one of crypto’s largest, triggered by excessive leverage and President Trump’s tariff announcement.
Record liquidation, record notional OI contraction. Typically, stagnation follows destabilizing events such as this crash. Nonetheless, with leverage rinsed, we are constructively bullish, favoring BTC spot accumulation in the weeks ahead. lg...more
S&P Global to launch hybrid crypto index; 60% of institutional investors plan to boost crypto exposure, says State Street. BNY explores tokenized deposits. In trending topics, we cover Morgan Stanley’s Crypto Asset Allocation Framework.lg...more