Altcoins News
By James Thorp
1 / 14
Binance Glitches and the ESMA Angle. Binance's own postmortem of the crash told a messy story.
2 / 14
On-Chain Data vs. Centralized Chaos. Hyperliquid's on-chain records gave a clearer window into how decentralized platforms handled the…
3 / 14
The numbers don't add up. The Solana Research Institute is pushing back hard on the widely cited $18 billion liquidation figure from the October 10, 2025 crypto crash, saying…
4 / 14
The institute flagged a report claiming $18 billion in liquidations over a 14-hour window — including a $3.21 billion spike crammed into a single minute.
5 / 14
Binance's own postmortem of the crash told a messy story. Operational glitches hit after 21:18 UTC, disrupting internal transfers and knocking collateral prices out of sync.
6 / 14
Auto-deleveraging, or ADL, isn't the same as a standard liquidation. On derivatives platforms, ADL is basically a last-resort tool — when a position's insurance fund runs dry,…
7 / 14
Hyperliquid's on-chain records gave a clearer window into how decentralized platforms handled the stress. Hyperliquid logged approximately $2.
8 / 14
Related: OpenAIs Executive Exodus Puts 2027 IPO and $47 Billion Anthropic Rivalry at Risk
9 / 14
Centralized venues? Not so much. The Solana Research Institute's core argument is that public records can expose venue failures, but they can't guarantee safety — and right now,…
10 / 14
The UK Financial Conduct Authority has moved to close some of that gap. The FCA's cryptoasset framework, effective from June 2026, requires UK crypto trading platforms to publish…
11 / 14
Regulators elsewhere haven't caught up yet. Standardized cross-venue reporting for liquidation data remains absent across most jurisdictions, which means the kind of…
12 / 14
Related: Unitree Robotics IPO Priced at $9 Billion While Hyperliquid Traders Bet $38 Billion
13 / 14
And the crash itself made that case pretty vividly. One report said $18 billion. Another credible source said $9.89 billion. ESMA flagged Binance's collateral pricing as a factor.
14 / 14
Aave's $180 million in lending liquidations, with deficits from price-update delays, sits in the public record.
The Currency Analytics
Want the full story?