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Binance Takes Responsibility: CEO Promises User Compensation
BREAKING UPDATE:
Binance CEO Richard Teng has pledged that the
company will compensate users affected by last night’s market turbulence, which triggered unexpected price deviations across several trading pairs.
In his official statement, Teng expressed regret over the incident, saying:
“To everyone who experienced losses, I sincerely apologize. We take full responsibility where it’s due — no excuses. Our goal is to learn, adapt, and improve.”
He emphasized that refunds will apply only to users who suffered losses caused directly by Binance-related issues, and not from general market volatility or unrealized profits.
Among the affected assets were USDe (a stablecoin), BNSOL (Binance’s Solana staking token), and WBETH (Wrapped Beacon ETH), all of which experienced significant “depeg” movements during the event.
This announcement aligns with Binance’s broader mission to rebuild trust and reinforce stability within the crypto community — especially as the platform continues to face global regulatory challenges and heightened scrutiny.
$BTC $ETH
Binance CEO Richard Teng has pledged that the
company will compensate users affected by last night’s market turbulence, which triggered unexpected price deviations across several trading pairs.
In his official statement, Teng expressed regret over the incident, saying:
“To everyone who experienced losses, I sincerely apologize. We take full responsibility where it’s due — no excuses. Our goal is to learn, adapt, and improve.”
He emphasized that refunds will apply only to users who suffered losses caused directly by Binance-related issues, and not from general market volatility or unrealized profits.
Among the affected assets were USDe (a stablecoin), BNSOL (Binance’s Solana staking token), and WBETH (Wrapped Beacon ETH), all of which experienced significant “depeg” movements during the event.
This announcement aligns with Binance’s broader mission to rebuild trust and reinforce stability within the crypto community — especially as the platform continues to face global regulatory challenges and heightened scrutiny.
$BTC $ETH
A New Global Shift: China’s Bold Move
On October 9, 2025, China’s Ministry of Commerce quietly reshaped the world’s economic landscape. No grand speeches, no international summits—just a single policy shift that speaks volumes.
China’s new “0.1% rule” is now in effect. If a product—anywhere in the world—contains even a trace of Chinese technology, raw materials, or components, it falls under Beijing’s export regulations. From semiconductors to drones, batteries to electronics, this rule applies globally, whether the product is made in Europe, the U.S., or beyond.
This isn’t just a trade policy; it’s a strategic power play. Beijing isn’t asking for influence—it’s claiming control. The West, once dominant in global supply chains, now faces a reality where raw materials, production, and even future innovation are increasingly tied to China’s approval.
Analysts are calling it a wake-up call. As one expert noted, “China has been preparing for this moment for years, and now it’s here.” The implications are stark: every chip, every radar, every contract could hinge on Beijing’s say-so. $BNB This isn’t a trade war—it’s a redefinition of global influence.
The world order is shifting, and it’s happening fast. October 9, 2025, may be remembered as the day the balance of power tilted decisively. Are we ready for what comes next?
#GlobalEconomy #China #NewWorldOrder r
China’s new “0.1% rule” is now in effect. If a product—anywhere in the world—contains even a trace of Chinese technology, raw materials, or components, it falls under Beijing’s export regulations. From semiconductors to drones, batteries to electronics, this rule applies globally, whether the product is made in Europe, the U.S., or beyond.
This isn’t just a trade policy; it’s a strategic power play. Beijing isn’t asking for influence—it’s claiming control. The West, once dominant in global supply chains, now faces a reality where raw materials, production, and even future innovation are increasingly tied to China’s approval.
Analysts are calling it a wake-up call. As one expert noted, “China has been preparing for this moment for years, and now it’s here.” The implications are stark: every chip, every radar, every contract could hinge on Beijing’s say-so. $BNB This isn’t a trade war—it’s a redefinition of global influence.
The world order is shifting, and it’s happening fast. October 9, 2025, may be remembered as the day the balance of power tilted decisively. Are we ready for what comes next?
#GlobalEconomy #China #NewWorldOrder r
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