Daily Hotspot Review - September 22
▰ According to Circle, Binance invested $100 million in it. Specifically, this was done via a private placement subscription for 1,237,011 shares of Class A common stock at a price of $80.84 per share, for a total amount exactly equal to $100 million.
▰ Binance’s USDe briefly depegged, dropping as low as $0.92, but then quickly regained its peg. The reason is that the USDe/USDT trading pair has thin liquidity; a large sell order caused the price to temporarily depeg within moments.
▰ BTC OG whale Garrett Jin closed his BTC long position yesterday, earning over $8 million. He then immediately went the other way and opened a short position of 500 BTC, worth about $43.3 million—however, he took profit on the short within less than 12 hours, netting roughly $80,000.
▰ Binance Alpha trading contest goes live tonight at 9:00 PM with AEON. For users ranked in the top 2,000 by trading volume, each will be rewarded with 910 AEON tokens, worth about $55. To participate, you need to manually click to enter first.
▰ Bitget PoolX will list UNI tomorrow (9/23) at 6:00 PM. Earn UNI by depositing BGBTC. The promotion lasts 5 days. You can check the annualized return—if it’s suitable, then participate.
▰ Others: Binance launches the BABY spot trading contest; Bybit launches PONS spot.
Nothing major today—wishing everyone big profits!
▰ According to Circle, Binance invested $100 million in it. Specifically, this was done via a private placement subscription for 1,237,011 shares of Class A common stock at a price of $80.84 per share, for a total amount exactly equal to $100 million.
▰ Binance’s USDe briefly depegged, dropping as low as $0.92, but then quickly regained its peg. The reason is that the USDe/USDT trading pair has thin liquidity; a large sell order caused the price to temporarily depeg within moments.
▰ BTC OG whale Garrett Jin closed his BTC long position yesterday, earning over $8 million. He then immediately went the other way and opened a short position of 500 BTC, worth about $43.3 million—however, he took profit on the short within less than 12 hours, netting roughly $80,000.
▰ Binance Alpha trading contest goes live tonight at 9:00 PM with AEON. For users ranked in the top 2,000 by trading volume, each will be rewarded with 910 AEON tokens, worth about $55. To participate, you need to manually click to enter first.
▰ Bitget PoolX will list UNI tomorrow (9/23) at 6:00 PM. Earn UNI by depositing BGBTC. The promotion lasts 5 days. You can check the annualized return—if it’s suitable, then participate.
▰ Others: Binance launches the BABY spot trading contest; Bybit launches PONS spot.
Nothing major today—wishing everyone big profits!
