Binance net outflow $4.72 billion… Bitget 300K USDC 12% annual

Binance's cumulative net outflows reached $4.72 billion as of the third day after it resumed withdrawals, with the exchange processing $4.649 billion in withdrawals and $1.01 billion in deposits during the first 9.5 hours—a net outflow of about $3.64 billion—before the total climbed further; Binance said the figure equals roughly 3% of platform assets, and withdrawals across the first phase's 15 networks and assets were restored by 9:36 p.m. KST on the same day. Binance has raised deposit yields and trading rewards, while Bitget, OKX and Gate also launched deposit campaigns, with Bitget offering 300,000 USDC at 12% annualized. The scale of the outflow makes it a key test of confidence in Binance and of contagion risk across major exchanges. Next, watch whether net outflows stabilize or accelerate, and whether rival exchanges' yield promotions pull further liquidity away from Binance.