Crypto's biggest name, @lawmaster, has officially secured his spot in the Synthetix Mainnet Trading Competition 🔒 Larry will compete against 99 top CT traders for a share of the $1 million top prize. Let's see if he can still win 👀

Wintermute's secret? They're exploiting your silliness to make money 🫵😂 But it also makes @EvgenyGaevoy sad... Full episode:

In the latest @TheBlockPods, Wintermute CEO @EvgenyGaevoy called out the confusing/opaque nature of their auto-liquidation (ADL) process on Binance. Binance "auto-liquidated us at $5, while the token was trading at around $1, and you didn't even have a chance to hedge." "If you can hedge, auto-liquidation is acceptable, but sometimes you get auto-liquidated at ridiculous prices." Good day for exchanges that can document all the auto-liquidators and their order.

Wintermute CEO Breaks Down the Largest Liquidation in Crypto History @wintermute_t Founder and CEO @EvgenyGaevoy joins @lawmaster and @NamikMuduroglu to analyze how over $19 billion evaporated in a single day 🧐 Summary 00:00 Introduction 00:45 What Happened? 04:46 Understanding ADL 12:25 Hyperliquid's Transparency and Privacy 16:35 Circuit Breakers 19:16 Occam's Razor 21:25 Assessing Losses 25:24 Lessons Learned 28:39 Looking Ahead 30:21 A Maturing Market 32:13 Navigating Extreme Volatility 35:19 Implications for DeFi 37:28 Wintermute as a Crypto Villain 41:47 What Else Did Wintermute Do? 44:11 Conclusion

Breaking News: Inside the $19 Billion Cryptocurrency Crash 💥 Wintermute CEO @EvgenyGaevoy joins @lawmaster and @NamikMuduroglu on The Big Brain Podcast to discuss the auto-deleveraging (ADL) mess, exchange crashes, and why BTC remains strong (relatively speaking 😅)

Thirty-eight assets have now recovered to levels higher than before the October 10th crash. Synthetix is currently the most underperforming. SNX - up 88% BAT - up 46% FF - up 42% MORPHO - up 27% DASH - up 22% PROVE - up 17% ZEC - up 13% TAO - up 11% PUNDIX - up 11% RDNT - up 10% Notably, of the 429 assets listed on Binance's spot trading platform, 391 remain in the red. The worst-performing, yet heavily traded, assets remain XPL, FIL, OP, and SOLV (down 51%).

Of the 429 assets listed on Binance (spot trading only), only four saw price increases compared to before the crash. Zcash - up 17% RDNT - up 15% Succinct - up 12% Morpho - up 3% The remaining 425 assets all declined. If we filter for assets with at least $10 million in trading volume and look at the worst-performing assets, we find: EIGEN, TIA, DYDX, FIL, KAVE, and a few others. But XPL stood out the most, with $250 million in trading volume and a nearly 40% drop. It was a bloodbath. ENA, with over $100 million in trading volume, also saw a 30% drop.

The chart below plots all USDT spot trading pairs on Binance and their largest declines yesterday. There are currently 429 trading pairs. Worst-Performing Pairs Best-Performing Pairs (A Large Number of Justin Tokens and Stablecoins)

Looking for 2 good padel players for tomorrow's game (before 1pm)

For the first time, I felt that I wasn't that tall. It was a bit strange.