Binance Perpetuals Drop as AI Experts Call for Slower Development

Binance perpetuals saw significant price movements over the weekend, with OpenAI perps dropping 7.9% in value.

This decline followed comments from Dario Amodei, who urged slower development of frontier AI technologies. Sam Altman and Elon Musk agreed with his assessment.

Binance perpetuals repriced selectively while U.S. stocks remained closed, reflecting traders' concerns about higher risk associated with marginal AI capex and private labs. The prices of $BE and $NBIS also fell by 4.3% and 4.0%, respectively.