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Binance’s Richard Teng breaks down the ‘10/10’ nightmare that rocked crypto

Binance did not cause the crypto market liquidation event on Oct. 10, but every exchange — centralized or decentralized — saw massive liquidations that day after China imposed rare earth metal controls and the U.S. announced fresh tariffs, said Binance Co-CEO Richard Teng. About 75% of the liquidations took place around 9:00 p.m. ET, alongside…

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Middle East conflict: Govt launches Rs 18,100 crore credit guarantee scheme; MSMEs, airlines to get Rs 2.55 lakh crore liquidity support

The government has approved an Emergency Credit Line Guarantee Scheme (ECLGS 5.0) with an outlay of Rs 18,100 crore to support MSMEs and airlines hit by the West Asia conflict, PTI reported.The scheme is expected to enable additional credit flow of Rs 2.55 lakh crore, including Rs 5,000 crore earmarked for the aviation sector.“The scheme…

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Sell Pressure Sees Ripple Linked Token Fails to Sustain $2.12 Break

Heavy institutional activity drives 38% volume spike while XRP lags broader crypto rally, signaling hidden sell pressure beneath the surface. News Background XRP gained 0.50% to $2.0925 during Tuesday trading but materially underperformed the broader crypto market by 1.77%. Despite the modest advance, trading volume surged 37.94% above weekly norms, indicating significant institutional participation. However,…

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