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Binance’s New Rule Could Have Prevented the $19 Billion October Crash

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Binance announced the Spot Price Range Execution Rule (PRER), a new mechanism that expires taker orders when execution prices fall outside a dynamic fair-value band.

The rule takes effect gradually starting April 14, 2026. It directly targets the type of spot-market failures that surfaced during the October 10, 2025 flash crash.

What Triggered the Binance PRER

On October 10, 2025, President Trump’s announcement of 100% tariffs on Chinese imports set off the largest single-day liquidation cascade in crypto history.

Over $19.13 billion in leveraged positions were liquidated in a 24-hour period, affecting more than 1.6 million traders.

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On Binance, assets like Cosmos (ATOM) briefly traded near zero as margin collateral was sold off in bulk.

Cosmos (ATOM) Price Performance
Cosmos (ATOM) Price Performance. Source: TradingView

Stale limit orders, some placed years earlier, filled against one-sided liquidity at extreme prices. Binance paid $283 million to compensate users affected by the de-pegging of USDe, BNSOL, and WBETH.

The exchange later launched a separate $400 million “Together Initiative” covering forced liquidation losses, bringing total compensation to $683 million.

How PRER Works

PRER calculates a dynamic reference price per trading pair using a moving average of recent trades. Configurable bands above and below that reference define the acceptable execution range.

When a taker order would fill outside that band, the unfilled portion expires rather than executing at an abnormal price. Maker orders resting on the book remain unaffected, and under normal conditions daily trading sees no impact.

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Binance stated this mechanism will roll out pair by pair, with new listings activating once sufficient trading history establishes a reliable reference price.

API users can query reference prices and band parameters through dedicated endpoints in real time.

Traders with open orders should review their strategies before April 14.

Nevertheless, while PRER adds a protective layer against extreme fills, it does not eliminate volatility or the broader risks of leveraged crypto trading.

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The post Binance’s New Rule Could Have Prevented the $19 Billion October Crash appeared first on BeInCrypto.

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Cardano Whale Activity Climbs, Yet ADA Price Struggles Below $0.25

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR

  • The number of Cardano whale wallets holding over 10 million ADA has reached a four-month high.
  • Whale activity increased by 5.2% over the past nine weeks, despite ADA’s price remaining depressed.
  • ADA’s price is 11% higher than its lowest point in February, but has not shown significant upward movement.
  • Cardano’s network processed over 4 billion ADA in transactions, amounting to over $1 billion in on-chain volume.
  • Large holders accumulated 220 million ADA in March, bringing their total holdings to nearly 14 billion tokens.

The number of wallets holding over 10 million ADA tokens has reached a four-month high of 424. According to Santiment, this marks a 5.2% rise over the past nine weeks, even though Cardano’s price remains subdued. Despite the increased whale activity, ADA continues to trade below its previous highs.

Cardano Whale Activity Shows Strong Accumulation

Recent data from Santiment reveals that ADA’s price is 11% higher than its February 5 low this year. However, the rise in whale activity has not led to an immediate price surge. Santiment suggests that if the accumulation persists while the price remains low, it could eventually lead to a bullish divergence.

Analytics platform TapTools reported a 4 billion ADA transaction volume over the last five days, equating to over $1 billion. This shows that the increased activity among whales is paralleled by rising network usage. Despite this, the price of ADA has not yet reacted positively, remaining stuck below key resistance levels.

ADA’s Struggles Continue Amid Increased Whale Holdings

Whale interest in Cardano has been noticeable for weeks, with analysts like Ali Martinez highlighting that large holders accumulated 220 million ADA in late March. These whales now hold nearly 14 billion ADA, making up around 37% of the total supply. However, ADA’s price continues to remain stagnant, trading at $0.24, a 42% decline in the past three months.

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Even with the accumulation trend, ADA’s price remains 92% lower than its all-time high of over $3. Cardano’s recent performance in terms of trading volume also lags behind competitors like Solana and XRP, which processed $2.6 billion and $1.5 billion in transactions, respectively, over the same period. This shows that while whale activity is increasing, ADA’s broader market performance remains underwhelming.

Bearish Trend Persists Despite Growing Whale Interest

Despite the uptick in whale holdings, ADA continues to trade below its 50, 100, and 200-day exponential moving averages. This keeps the broader trend bearish, regardless of the accumulation. On Twitter, user gnarleyquinn raised concerns, suggesting that Cardano’s market dominance, which has dropped from 4.5% in 2021 to around 0.3% today, may lead to a decline in the coming years.

The ongoing price struggles show that Cardano has not decoupled from the broader altcoin market. While whales continue to accumulate, ADA’s future price movements remain uncertain. It remains to be seen whether the increasing accumulation will ultimately lead to a change in price dynamics for Cardano.

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Americans Lost $11B to Crypto Scams in 2025, Says FBI

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FBI, Fraud, United States, Crimes, Scams

According to the bureau, a large number of minors aged 17 and younger were included in complaints related to crypto or crypto ATMs, resulting in more than $5 million in losses.

The US Federal Bureau of Investigation (FBI) reported that Americans’ losses from crypto-related scams increased to more than $11 million in 2025.

In its annual internet crime complaint report released on Monday, the FBI said that cryptocurrency and AI-related scams were “among the costliest” for Americans in 2025, with 181,565 complaints totaling more than $11 billion. According to the bureau, it received more than one million complaints in 2025 reporting losses of about $21 million due to cyber-enabled crimes.

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FBI, Fraud, United States, Crimes, Scams
Crypto complaints and financial losses have risen sharply in recent years. Source: FBI

The FBI’s Internet Crime Complaint Center reported that investment scams resulted in the highest percentage of victims reporting losses in crypto as opposed to cash, debit cards, gift cards and other media of exchange. In addition, about 10% of the 13,168 complaints involving cybercrimes targeting minors aged 17 and younger were related to crypto or crypto ATMs, resulting in more than $5 million in losses.

The complaints the FBI received were despite the bureau’s efforts to “identify and notify people who are currently falling victim to cryptocurrency investment fraud” through its Operation Level Up in 2024. Globally, blockchain analytics platform Chainalysis reported in March that illicit addresses received $154 billion in 2025, driven in part by sanctions evasions.

Related: Cambodian lawmakers propose severe prison time for crypto scammers

Scammers use Tron blockchain token to con users using FBI

According to the FBI report, there were 32,424 complaints involved in impersonation of government officials, resulting in about $800 million in losses. However, the report did not mention bureau officials issuing a March notice warning Americans that a token on the Tron blockchain was impersonating the FBI with the goal of obtaining personal information.

Tron users reported receiving a token with the FBI logo claiming that their wallet was “under investigation.” The users were then prompted to enter personal information under the guise of an FBI anti-money-laundering verification to avoid their accounts being frozen.

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