Even Binance knows but you are still midcurving it anon? $WALLET

Crypto killed so many dreams in 5 years.

🚨: Research reveals that focusing on good literally reshapes your brain to seek out even more good.

It’s one thing to see a graph saying, “12 million illegal migrants entered Europe since 2008.” It’s another thing to actually see it. Every blip in this animation represents 100 people.

🚨🇪🇺 THIS IS MASSIVE EU Parliament just APPROVED the toughest migrant crackdown to move forward Detention up to 24 MONTHS, return hubs OUTSIDE EU, deportations expanded LEFT is FURIOUS Not law yet, but direction is CLEAR ERA OF DEPORTATIONS STARTS

Someone told me: "Either increase sacrifice or reduce desire" I can't sleep since then

oh i see algod is back just a reminder to you all that he’s a piece of shit and took advantage of people during the ftx meltdown

No complexity. No accident. 10/10 was caused by irresponsible marketing campaigns by certain companies. On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day. Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify. ⸻ What actually happened 1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits. 2.USDe is a tokenized hedge fund product. Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield. 3.USDe is fundamentally different from products such as BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles. USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic. 4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher. 5.Risk escalated further as users: •converted USDT/USDC into USDe, •used USDe as collateral to borrow USDT, •converted the borrowed USDT back into USDe, •and repeated the cycle. This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market. 6.At that point, even a small market shock was sufficient to trigger a collapse. When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero. The damage to global users and companies—including OKX customers—was severe, and recovery will take time. ⸻ Why this matters I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly. I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so. As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk. The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility. Crypto is still early. What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.

You think it's over? In 722 Spain had fallen under Muslim rule. In the mountains of Asturias, a small band of 300 Christian warriors prepared to make a last stand. They had no kingdom, no empire, only faith, iron, and courage. Led by Don Pelayo, they defeated a vastly larger force at Covadonga. How? With God on their side. From that moment, the Reconquista began. A fight that would last 700 years, until Spain was free again. It's only over if you give up. If God is for us, who can be against us?

GMX is #2

“Bitcoin is not backed by anything.” Well, the global 30-day average hashrate is still above 1 zettahash. That's a 1 with 21 zeros (nice coincidence). One sextillion attempts to mine a block every single second. An insane number, hard to even imagine.

The Red Car Theory:

The Ethereum testnet, Sepolia, has been successfully upgraded to Fusaka! Next up is the Hoodi testnet which is the final testnet being upgraded. If all goes well with Hoodi, Fusaka should land on mainnet in early December.

This trump insider just opened a 60 million BTC short by the way

$PENDLE + $GMX @arbitrum DeFi’s engine and PMF backbone 🧵