jimmy | 🐉 $MON ꧁IP꧂

💥Simple guide on @arcium Apprentice Discord role 💰$9M funding 💯FREE 📝If u followed my previous guide & minted NFTs do this 🔗discord.com/invite/arcium ✅Go to "Claim-role" ✅Link SOL wallet with NFTs ✅Hit check status 💥Done ⏳Check your role after 5min 💙Like 🔁RT

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.

$AZTEC Another VCs L2 Graveyard? The @aztecnetwork TGE vote goes live tomorrow at 5 PM UTC The community decides if tokens unlock on Feb 11 or stay locked until 13 November. - Team & VCs can't vote - only token sale participants & genesis sequencers can vote but the team as community 🌚 I made a dune dashboard back in december to track supply control but voting terms were unknown. Dune dashboard - dune.com/aaquibverse1/a… No mention about token weightage or voting execution. What is this threshold? Even if 200M tokens participate in the voting and don't favor 66%, then it will not pass. I knew it was coming!

🤔Many r asking me if I'm going to join @zama Public Auction ❌I'm going to skip this one 👇Read for reason 📉Pre-Market Down another 33% 🪙Total supply - 11B 💵Pre-Market - $0.057 📈FDV - $630M ✨This is definitely great opportunity for OG NFT holders 😅They r going to dump on public Auction users 👇As per Founder 🔢TVS / 0.08 + 20% is a good range to bid 💰TVS - $48M 🤔So expected FDV clearing price- $720M 😂Which is more than Pre-Market 🤷Either founder is manipulating users to bid at higher FDV or it must to true 😅In both ways it doesn't look good buying rang 🤷If its true no point in wasting time in kyc yo bid at $300M n get refund or bid and higher FDV n risk capital 😉So easy skip for me 🫵What about u? Did u bid?what price? Let me know 💙Like 🔁RT

It is clear that $AZTEC sale is a failure Continuous Clearing Auction (CCA) is good as it is split into blocks over time. @aztec delivered uniform pricing per block, not uniform pricing per participant. It was fully transparent and prevented gas wars but what about bad actors & strategic timing? I don't understand why @mztacat bid at $600M. I'm a Contributor getting at 12% below clearing price while someone getting at much cheaper rate.