Overview

• Bitcoin is trading near $115,000 and Ether around $4,100 as risk appetite improves after President Trump struck a softer tone on China.
• CoinGlass data shows roughly $19–20 billion in crypto liquidations on Friday, including about $7 billion within one hour, which researchers called the largest single-day wipeout on record.
• Binance acknowledged platform-related anomalies such as temporary depegs and venue-specific price dislocations, said it has paid roughly $283 million to affected users, and indicated it moved to oracle-based collateral pricing.
• Bitcoin and Ethereum proved comparatively resilient during the crash, while XRP and Dogecoin suffered the steepest intra-hour drops and failed to hold much of their initial rebounds.
• Analysts attribute the episode to a macro-driven deleveraging triggered by the tariff shock, with views split between calling it a healthy reset and warning about centralized exchange fragility.