BNB Chain launches a $45 million “reload airdrop” to compensate users for memecoin trading losses during Friday’s market crash. Over 160,000 eligible addresses will receive BNB tokens by early November, randomly allocated with the help of ecosystem partners. The market downturn led to $20 billion in liquidations, but BNB hit a new all-time high of $1,370.

Binance faced backlash during the market turmoil following US President Donald Trump’s threat of 100% tariffs on Chinese imports. Glitches in Binance’s system left users unable to exit positions during the crash. Issues with altcoins crashing to $0 and USDe depegging due to oracle data were also reported. Binance released a statement addressing user concerns and covering $283 million in losses for affected users.

Read more at Cointelegraph: Binance Launches $45M Reload Airdrop After Record $20B Crash