[Binance to Implement Last Execution Price Protection Mechanism for BULLA USDT Perpetual Contracts] BlockBeats reported on October 28th that Binance announced it will implement a last execution price protection mechanism for USDT USDT perpetual contracts at 14:00 Beijing time on October 28th due to price deviations across multiple platforms and deposit/withdrawal restrictions. This mechanism will smooth the transition through a mark price to reduce drastic price fluctuations. The protection period will last until BULLA spot prices across multiple platforms converge and form a stable index price; a separate announcement will follow when this period ends. During the protection period, the mark price will be calculated based on the contract's recent average transaction price, with a maximum fluctuation limit of approximately ±1% per second. The funding rate cap will also be adjusted from ±2.00% to ±0.005%, and the settlement interval will not be changed to once per hour due to reaching the limit.