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The USDe synthetic dollar depegged on the Binance crypto exchange due to an internal oracle issue and not because of the underlying collateral, the Ethena protocol, or the token itself, according to Guy Young, the founder of Ethena Labs, the creator of USDe.USDe minting and redeeming worked “perfectly” during Friday’s flash crash, he claimed; $2 billion in USDe was redeemed during 24 hours across crypto exchanges, including Curve, Fluid, and Uniswap, with minimal price deviations of 30 basis points (BPS) or less, Young said.The price of USDe fell from about $1 to $0.65 on Binance during the crash because the…

In brief A new study shows LLMs can mimic human purchase intent by mapping free-text answers to Likert ratings through semantic similarity. Method achieved 90% of human test–retest reliability on 9,300 real survey responses. The study raises questions about bias, generalization, and how far “synthetic consumers” can stand in for real people. Forget focus groups: A new study found that large language models can forecast whether you want to buy something with striking accuracy, dramatically outperforming traditional marketing tools.Researchers at the University of Mannheim and ETH Zürich have found that large language models can replicate human purchase intent—the “How likely…

The recent crypto market crash stunned investors across the globe, but one analyst saw it coming long before it happened. Bitcoin plunged from above $125,000 to briefly below $102,000, and Ethereum dropped to below $3,800, exactly as predicted by popular market commentator Ash Crypto earlier this month.  His October 1 post on X warned of a sharp correction meant to liquidate all the bulls before a major rebound in Q4. Now that the dip has played out exactly as he forecasted, Ash Crypto’s outlook for the coming weeks is a powerful rebound phase. Related Reading The Crash Prediction That Shook…

Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent sharp market sell-off triggered by U.S. President Donald Trump’s announcement of a 100% additional tariff on China.On Binance, USDe dropped to 65 cents before quickly regaining parity with the dollar during what’s seen as crypto’s largest ever liquidation event in U.S. dollar value. More than $19 billion in liquidations occurred over just 24 hours.USDe, which currently offers a 5.5% yield to holders, is backed by a mix of cryptocurrencies and uses a basis trade strategy, a financial setup that aims to profit from price gaps between spot…

Zcash (ZEC) has emerged as one of the few digital assets to rally amid one of the harshest liquidation waves in recent crypto history. As nearly $20 billion in leveraged positions vanished following President Trump’s unexpected tariff announcement, the privacy-focused cryptocurrency surged to a four-year high.Sponsored SponsoredWhy is Zcash Price Rising?Data from BeInCrypto showed ZEC price briefly touching $282.59 on October 11 before easing to about $257.96. Even after that pullback, the token posted a 15% daily gain—its strongest since late 2021, when it last traded near $295.This continues an upward movement for a digital asset that has climbed over…

The NFT fantasy sports platform is switching from L2 StarkEx to Solana, promising faster, cheaper, and more open ways to trade player cards. Sorare, a blockchain-based fantasy sports game where fans can collect NFT player cards, is once again changing its home, this time migrating from StarkEx to Layer 1 chain Solana.In an announcement on Oct. 8, Sorare described the migration from StarkEx, an Ethereum Layer 2 scaling solution, as “more than a technical upgrade,” calling it a “step forward in our vision to become the most open and flexible platform for digital sports collectibles.”In its FAQ section for the…

XRP clawed back losses in Friday’s chaotic trade, rebounding from a 41% collapse to close above $2.47 as institutional bids rebuilt following panic liquidations. The session’s $1.14 range — from $2.77 down to $1.64 — was one of the widest in XRP’s 2025 trading history, driven by macro-led deleveraging and heavy futures liquidations across major venues.What to Know• XRP fell from $2.77 to $1.64 between Oct 10 16:00 – Oct 11 15:00, marking a 41% intraday collapse before rebounding to $2.49.• Over $150 million in XRP futures were liquidated as Trump’s 100% tariff announcement triggered cross-asset risk aversion.• Intraday volume…

The US Senate has advanced sweeping AI legislation under the National Defense Authorization Act, compelling chipmakers to serve US customers first before exporting advanced processors abroad.On Thursday, senators passed the Guaranteeing Access and Innovation for National Artificial Intelligence Act of 2026, or GAIN Act, as an amendment to National Defense Authorization Act, requiring AI and high-performance chipmakers to prioritize domestic orders before exporting their products.The GAIN Act also gives Congress the right to deny export licenses for the most high-end AI processors and mandates export licenses for all products containing an “advanced integrated circuit.” “Over the past several years, US firms have faced…

In brief McAfee has uncovered a Trojan campaign that uses GitHub to redirect malware to new servers whenever existing servers are taken down. The malware is primarily targeting countries in South America, with a particular focus on Brazil. The virus is uploaded via phishing emails, and is capable of stealing banking and crypto credentials. Hackers are deploying a banking Trojan that makes use of GitHub repositories whenever its servers are taken down, according to research from cybersecurity firm McAfee.Dubbed Astaroth, the Trojan virus is spread via phishing emails that invite victims to download a Windows (.lnk) file, which installs the…

The price of Zcash (ZEC), a supply-capped, shielded, layer-1 coin dedicated to user privacy, fully recovered following Friday’s market crash, forming a new recent high of about $291 on Saturday before retracing to about $273 at the time of this writing.Zcash plummeted by 45% on Friday, falling from a high of about $273 to $150, following a social media post from United States President Donald Trump announcing 100% tariffs on China, which sent the crypto markets into a meltdown.ZEC is only down about 5.5% from its recent high, making it a standout in this market crash. Many cryptos are still…