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USDe drops to $0.65 on Binance before recovering to peg
Ethena's USDe dropped to $0.65 on Binance on Saturday, October 11, before recovering toward its ~$1 peg. The token, which ranks as the third-largest stablecoin with over $13 billion in circulation, experienced the sharp decline during what became the largest 24-hour liquidation event in crypto markets. Kazakhstan Blockchain Chief slams Binance.com after 130 closures
Following the news that 130 illegal crypto platforms were shut down in Kazakhstan, Dauren Karashev, head of the National Blockchain Association, pointed out a paradox in an exclusive comment to GNcrypto: the largest exchange, Binance.com, is unlicensed and operates in Kazakhstan through its licensed affiliate. However, clients interact directly with the global platform. 
CZ raises $1.3M for Giggle Academy in crypto donations
Giggle Academy, the free‑education project founded by Binance co‑founder Changpeng “CZ” Zhao, collected more than $1 million in crypto donations within about 12 hours after opening its on‑chain address on Sunday. Most funds came via a new memecoin, $GIGGLE, which sends BNB fee revenue directly to the academy’s wallet. 
BNB Chain active addresses hit 3.46M and BNB sets new high
-lNUQXn8Q.png "BNB Chain active addresses hit 3.46M and BNB sets new high")
BNB Chain reached a new all-time high in user activity on Monday, with 3.46 million sender-only active addresses recorded on the network, according to data from Nansen. The milestone came as BNB, the blockchain’s native token, climbed to a new price record following a rapid recovery from last week’s market crash. 
Hyperliquid co‑founder & CEO Jeff Yan argues CEX liquidation feeds aren’t comparable to on‑chain logs and can miss burst events by up to 100×. He cites Binance docs that publish only one liquidation per 1000ms (effectively per second), while Hyperliquid records every order, trade and liquidation on‑chain for anyone to audit. CZ reports hacking attempt by Lazarus Group
Binance founder Changpeng Zhao (CZ) reported that he was targeted by a state-sponsored hacking attempt, allegedly conducted by the North Korean Lazarus Group. He shared the news on X (formerly Twitter), posting a screenshot of a Google warning stating that “government-backed attackers tried to steal your password.” 
CZ’s YZi Labs may open $10bn portfolio to outside investors
YZi Labs, the $10bn investment firm that manages capital for Binance co‑founder Changpeng “CZ” Zhao and a small group of early executives, is considering opening to outside investors, Ella Zhang told the Financial Times. Spun out of Binance in January, the San‑Francisco‑based group backs crypto, AI and biotech. 
