Venus protocol, perhaps in an attempt to calm market nerves, put out a tweet soon before press time, stating that the BNBChain core team will take over the BNB position on Venus if the cryptocurrency hits the liquidation threshold and ensure the cryptocurrency is not dumped into the market.

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• Source: https://www.coindesk.com/markets/2023/06/12/open-interest-in-binances-bnb-token-futures-jumps-to-5-month-high/?utm_medium=referral&utm_source=rss&utm_campaign=headlines