Binance’s $45 Million Airdrop: A Lesson in Crypto Regulation
In a dramatic twist, Binance has rolled out a $45 million airdrop to regain trader trust following the most significant liquidation event in crypto history. This begs the question: what does this mean for centralized exchanges and the urgent need for stronger regulatory frameworks?
The Market Crash
Recent geopolitical events triggered an unprecedented market collapse, resulting in the largest single-day liquidation event in crypto history. Approximately $20 billion in leveraged positions vanished overnight, sending Bitcoin, Ethereum, and countless altcoins plummeting into double-digit losses. This incident underscores the fragility of our current trading framework.
Traders, desperately trying to bail out, faced obstacles like system…
