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Crypto exchange boss blames Ethena’s USDe for October Crash, while traders hit back
Market Intelligence Analysis
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Why This Matters
The CEO of a crypto exchange blames Ethena's USDe for the October crash, but traders counter with alternative explanations, sparking a debate on the causes of the market downturn.
Market Impact
Market impact analysis based on bearish sentiment with 70% confidence.
Sentiment
Bearish
AI Confidence
70%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Months after Oct. 10’s flash crash and liquidation cascade, a fresh spat has opened between exchange executives and market watchers over whether a leveraged yield loop, thin liquidity, or busted market plumbing did the real damage.
Original article published by
CoinDesk
on January 31, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.