Update
Chip-Stock Contracts Force-Closed on Binance
A sudden wave of selling on crypto exchanges, particularly on Binance, wiped out nearly $52 million in leveraged bets on chip stocks in just 10 minutes. The selling was triggered by the lack of real share prices due to U.S. markets being closed, causing traders to react to each other's actions. SanDisk and SK Hynix contracts were hit the hardest, with SOXL, a fund that triples the daily moves in chip shares, taking the biggest hit at about $12.7 million.