Wintermute's founder refutes speculation about Binance lawsuit
Wintermute's Response to Lawsuit Rumors: Evgeny Gaevoy, founder of Wintermute, denied claims that the market maker plans to sue Binance following losses from the October 11 crypto market crash, stating the company is "perfectly fine" and has no intentions of legal action.
Origin of the Rumors: The speculation about a potential lawsuit originated from a Twitter account called WhalePump Reborn, which claimed Wintermute lost "hundreds of millions" and suggested that Binance's founder should compensate affected market makers.
Gaevoy's Denial of Additional Claims: Gaevoy refuted further allegations from WhalePump Reborn regarding a non-disclosure agreement with Binance and the gathering of other market makers for a lawsuit, labeling the account's claims as unfounded.
Market Impact and Binance's Compensation: Following the market crash, Binance compensated traders with $283 million and initiated a $400 million support program, but it remains unclear if Wintermute received any compensation despite being a major liquidity provider on the exchange.
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Technical Analysis for USDe
Technical Sentiment Analysis for Ethena USDe (USDe). As of , Ethena USDe (USDe) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for USDe stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, USDe is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethena USDe (USDe) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.997 | 0.998 | 0.999 | 1 | 1 | 1.001 | 1.002 |
| Fibonacci | 0.998 | 0.999 | 0.999 | 1 | 1 | 1 | 1.001 |
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