Bybit was hacked, OKX fell, Binance feasted, an article analyzing the recent Binance Twitter traffic blitz.
Written by: Lawrence
Middle Eastern tycoons may never realize that the 'Mubarak' they use to express blessings will become the wealth code for crypto enthusiasts in China. Even more magical is that this transformation of the Arabic blessing occurs at a sensitive moment when OKX is hit by regulatory iron fists and Bybit is deeply mired in hacker issues.
In the crypto world of March 2025, the BNB ecosystem staged a magical realism drama: CZ ignited the Middle Eastern cultural meme with an Arabic robe avatar, He Yi reshaped on-chain trading rules with 'anti-stuck compensation', BNB Chain's daily trading volume exceeded $1.64 billion, crushing Solana, while the meme coin code-named 'Mubarak' surged a thousand times in three days, creating a market cap of $200 million. This carnival is filled with both technological innovation disrupting the industry landscape and the collision of human greed and technological bubbles—when traffic becomes the new oil and technology evolves into a new religion, we may be witnessing the most complex ecological evolution experiment in crypto history.