ETH breaks through the $4100 mark

[Binance Compensates Users for $283 Million Loss] Binance has covered a $283 million loss for users following a de-pegging incident involving its token on Friday. (Watcher.Guru)

[Binance Compensates $283 Million to Address Asset Depegging Incident] On October 13, Binance reviewed the technical malfunction and asset depegging incident that occurred on October 10, confirming it has compensated affected users approximately $283 million. During the incident, certain assets like USDE experienced depegging due to extreme market volatility. Binance completed the compensation within 24 hours and proactively covered losses for users affected by forced liquidation of collateralized assets. Additionally, some spot trading pairs experienced extreme price fluctuations and 'zero price' display issues. Binance stated that this was merely a display issue and plans to optimize the interface display to enhance user experience.

Bitget S/USDT's perpetual trading volume surged 13 times within 10 minutes, with a turnover of 8.14 million US dollars in the past 24 hours, an increase of 3.57% A surge in trading volume generally indicates an increase in market trading activity or large-scale fund buying and selling operations, which may be caused by certain important market changes or news announcements. According to AiCoin data, the comprehensive ranking of Bitget contracts ranks fourth globally

Wiston Capital's Charlie Erith says a leverage cascade drove the Oct. 10 break, with altcoins hit hardest, and lays out the signals he will track before adding risk.

Wrapped tokens crashed as Binance's infrastructure buckled, making it harder for market makers to stabilize prices.