Binance Faces Market Turmoil as $212M Bitcoin Order Sparks Spoofing Suspicions

A sudden and suspicious market maneuver involving 2,500 BTC ($212 million) on Binance’s order book has caused significant volatility, raising concerns about potential spoofing. The large sell order, placed 2-3% above the spot price at $85,600, initially drove Bitcoin’s price upward before vanishing abruptly, creating a liquidity vacuum and exacerbating existing market weakness linked to geopolitical tensions. Traders are now questioning whether this was an illegal spoofing attempt, a tactic designed to manipulate market perception by placing and then canceling large orders. The incident highlights the vulnerabilities in cryptocurrency markets to such manipulative practices and underscores the need for enhanced regulatory oversight to maintain market integrity.

Vanishing $212M Bitcoin Order Sparks Market Chaos Amid Suspected Spoofing

A suspicious market maneuver involving 2,500 BTC ($212M) on Binance’s order book triggered volatility before vanishing abruptly. The sell order—placed 2-3% above spot price at $85,600—initially drew Bitcoin’s price upward until its disappearance created a liquidity vacuum, exacerbating existing geopolitical-driven weakness.

Traders now question whether this was a spoofing attempt, an illegal tactic where large orders are canceled before execution to manipulate prices. The incident underscores crypto markets’ vulnerability to liquidity shocks, particularly during tense macroeconomic conditions.

Trump-Backed Stablecoin USD1 Surpasses $1 Billion Market Cap on BNB Chain

World Liberty Financial’s USD1 stablecoin, backed by the Trump family, has rapidly eclipsed the $1 billion market capitalization threshold on BNB Chain. The milestone follows a series of high-volume mints executed within a single hour, including three consecutive transactions adding hundreds of millions in supply.

On-chain data reveals aggressive liquidity expansion, with a 100 million USD1 mint preceding the surge. The stablecoin now commands a combined $1.02 billion market cap across BNB Chain and Ethereum, positioning it among crypto’s fastest-growing decentralized dollar alternatives.