Can you guys keep up with the refresh rate? Those who have finished refreshing or are about to refresh: @Lighter_xyz @edgeX_exchange @variational_io @StandX_Official Two I've already given up on: @paradex @Backpack

Wow, I was so angry about Buildpad all night that I didn't even notice that the USDT on Sui was depegged. I set up a 504,000 USDT-USDC pool, and now it's all USDT. I lost some money. Essentially, it's because the USDT on Sui was depegged. One DT is only worth 0.996 USDC. Why was it depegged? Because the new issue is over, and everyone wants to exchange it for USDC and leave quickly. And USDT on Sui can't be directly deposited into BN; it can only be exchanged for DC, so DC on Sui is now more expensive. Anyway, participating in this MMT LP was a complete waste of time for me. I lost money and got angry for no reason. If you can't guarantee a credit limit even if you deposit hundreds of thousands of USD, I recommend avoiding it. @FalconStable was very considerate last time and gave credit limits to users who deposited money. Kudos to FF and DWF for this thoughtful approach.

Hey everyone, who knows what the ultimate "pusher" is? The ultimate pusher is the @MMTFinance and @buidlpad holder program. At 1:59 a.m., I had both accounts set up. It feels a bit like cramming for the college entrance exam. I've been so busy lately, I don't have the time or energy to create a bunch of KYC and 3,000U alt accounts for this IPO. So, that's it.

Retail investors who have deposited money in stable, please like or leave a message, I want to see how many people there are.

People can become addicted to positive feedback, leading them to constantly do seemingly satisfying things. However, it's how we handle and iterate on negative feedback in work and life that determines our ceiling. It's like when we were in school. Solving problems we knew how to solve felt satisfying, but it didn't guarantee a high score on the next test. Problems we didn't know how to solve might intimidate us, but mastering them was the key to achieving a high score.

After ten years of being a "leek", I almost became a manipulator today. I feel like my mind has been opened up. What happened was that Binance was delisting Slerf futures, and the index price was only based on the spot price on OKX. However, OKX had already announced the delisting of Slerf spot and banned deposits. So, some large investors spontaneously bought large quantities of futures, driving up the price of OKX's single-player Slerf, and making a killing. I hadn't participated up to that point; by the time I saw it, the price had already reached 0.3+. I went to OKX to test deposits, hoping to short a large amount as soon as I saw the news. It was a simple idea, and I saw a lot of people testing it on the blockchain, so I won't go into details. Suddenly, something clicked for me. I opened some shorts on Binance and placed orders on OKX to take some spot orders. Seeing that OKX's spot market depth was very poor, I tested the market price and immediately drove the market down. So I told my partner I was ready to start working at the company. My plan was to first use a small program order to short on Binance and buy spot on OKX, maintaining equal amounts on both sides until OKX's spot market was fully absorbed. Then, I'd open a large short position on Binance, allowing the OKX market price to crash (even hundreds of thousands of orders would drive it to zero). Before the crash, I'd place a large on-chain order to create panic, mistaking deposits for the new opening. Unfortunately, OKX opened deposits before we did, so ultimately this was just an idea. However, the point is that market manipulation may not be as difficult as you might imagine. Before trading cryptocurrencies, consider what the market makers will do; don't just rush in.

I understand that Ping's performance has weakened significantly this week because what happened on Binance will have repercussions in the days and weeks ahead. If you've been paying attention, you'll have seen Wintermute publicly claim that Binance ripped them off with aggressive auto-deleveraging (ADL) at unjustified prices, and WM couldn't be the only market maker (MM) to be ripped off. Market makers hold long spot positions and short perpetual contracts, so they don't lose or gain money regardless of cryptocurrency fluctuations. Instead, they make money by routing trades, arbitrage across centralized exchanges (CEXs), and charging a small commission on each buy and sell, similar to MEV. If an exchange begins aggressively closing short positions at significantly higher prices, as WM claims, and the price quickly drops, and they can't quickly re-enter the short position, they stand to lose a significant amount. They then face a difficult decision: sit on their losses and hope the price recovers, or sell as quickly as possible, stop providing liquidity, and then get out until people figure out what happened. Whatever decision the market maker makes will result in a bleak book. WM stated in an interview that they are still waiting to hear if they will be compensated for their losses. This likely means that other market makers are also waiting, as clients as large as WM are crucial to the business. Binance, like any business, must sort out how much it is willing to compensate market makers, ensure the claims are legitimate, and navigate the legal process. Untangling this mess will take time, and WM isn't the only market maker operating on Binance. There are many more. Those who think last week wasn't a big deal are wrong. It was a major event. Some assets plummeted to zero. We don't know how much MM lost. MM's massive losses mean that in an already illiquid market, with the US president engaged in a trade war with China, book value will continue to thin—not a recipe for a "nice Wednesday." To make matters worse, the remaining crypto participants are now also in trouble, destitute. Many were liquidated in the chaos. There are fewer buyers now than before. The wealth effect has disappeared. Crypto natives have become Haitians. I agree with WM that what's happening is far more detrimental to shitcoins than it is to BTC and mainstream currencies. Binance has lost a ton of trust and deserves your disdain. I don't know if this was intentional or just a massive mistake.

I met with the @CantonNetwork team tonight to learn more. They really seem like a mysterious organization. They're all collaborating with top traditional financial institutions, and the monthly institutional transfer volume on Canton is astronomical. This is what a payment chain should be, right? 😂 It's just too far away from retail investors. If I hadn't been working in payments, I wouldn't have been able to research it. 🤣

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The bull market is likely not over yet, and strong coins will become even stronger after deleveraging. Regarding BES, I'm buying B. I'm abandoning both E and S. E's DAT hasn't formed a flywheel, and the consensus on Wall Street is a bit shaky. I don't see a reason to buy in Sol's new narrative. Regarding BnB, it's the coin I most want to buy at the bottom, but the rebound was too rapid, hitting 1200. There's no good entry point. I'm placing an order at 1000-1100, hoping for a lucky break on Monday. Today, I continued to buy BTC through TWAT. My watch list for alts is: Hype, APT, and Kaito. Hype's revenue and HLP performance are very impressive, and the foundation is still buying back. Meanwhile, competitors are performing poorly. I expect a quick rebound to above 40, but anti-hype's rebound is expected to be weak. I'm planning to build a position starting at 36. I've always felt like something big was going to happen with APT, but the market performance is very weak. I'm starting to build a watch position starting at 3.5. I'm planning to buy some Kaito for new IPOs.