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@fakyuwu13

The Office watch count, 4

The Garden Katılım Kasım 2021
1.9K Takip Edilen561 Takipçiler
BD
BD@BDdoesCrypto·
eth is king when it comes to the roid
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fakyu
fakyu@fakyuwu13·
@FredWick7 Maybe stop looking at the screen, head out, Feed some stray cats, take a chill day off.
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Fred Wick
Fred Wick@FredWick7·
We’re on the brink of a global collapse (yeah I’m doom posting) and it’s absolutely warranted. What transpired with gold, silver and now oil is the equivalent of every single warning light flashing on your cars dashboard and the horn going ape shit. Having some exposure to risk, I get it but should be largely in cash and observation maxxing.
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Just Another Pod Guy
Just Another Pod Guy@TMTLongShort·
We are going from a world of general ambivalence to one where the default American RW view of Europe is through a lens of anger and rage. You think Trump is an aberration. You are wrong. God help you if the median right-wing voter starts taking joy in Europe burning. Wake the fuck up Europe. Your so called friends on this side of the ocean are giving you a false sense of how tenuous your entire geopolitical worldview is. Instead of basking in “Trump is retarded” maybe look at the vitriol in the comments section and how quickly the term europoor is spreading every time your dumbass politicians do something like deny airspace usage for our military.
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Severus
Severus@SeverusChud·
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MaxellCorp
MaxellCorp@MaxellCorp·
Maxell is bringing back a classic, w/ their brand new Cassette Player 🥳🎉 -Wireless AND Wired 🙌 -Rechargeable ⚡️ -11 Hours of Battery 🤯 * Step back into the 80’s with Maxell *
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fakyu
fakyu@fakyuwu13·
@zachxbt thanks, haven’t had this much fun in crypto for a long time.
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Desiree
Desiree@DesireeAmerica4·
Kurt Cobain didn’t kill himself. Forensics now say: no blood, overkill heroin, arranged scene. Homicide. His Nirvana publishing rights? Worth over $250M. If he divorced Courtney, she’d lose it all. But if he died married to her? She gets everything.
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fakyu@fakyuwu13·
@SamaHoole Traditional Asia food strive for balanced meal.
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Sama Hoole
Sama Hoole@SamaHoole·
Japan: Longest life expectancy globally (85 years) Plant-based advocates: "See? Rice and vegetables!" Japan's actual diet: - Fish consumption: 53kg per capita annually (highest in developed world) - Pork: Second most consumed meat - Chicken: Third most consumed - Beef: Expensive but eaten regularly - Eggs: Daily - Dashi (fish stock): Base of nearly every dish Percentage of Japanese protein from animal sources: 50% Their longevity is attributed to rice while ignoring that they eat more fish than almost anyone and put fish stock in literally everything. The meal is fish. The rice is just there to soak up the dashi. But acknowledging this would require admitting that eating primarily animal protein leads to longevity. Can't have that conversation. Better to focus on the rice.
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Star_OKX
Star_OKX@star_okx·
I don’t like debate—because you can never wake someone who is pretending to sleep. That said, clarifying the facts matters. For the record: 1.BTC began declining roughly 30 minutes before the USDe depeg. This exactly supports the earlier point: the initial move was a market shock. Absent the USDe leverage loop, the market would likely have stabilized at that point. The cascading liquidations were not inevitable—they were amplified by structural leverage, as explained previously. 2.Dragonfly has never been an investor in OKX—neither a minor nor a major one. In fact, OKX invested in Dragonfly before @hosseeb joined the firm. Separately, one partner’s previous fund (not Dragonfly) invested in OKX. These are distinct and easily verifiable facts. 3.I will not spend further time on this topic. The facts are clear. I do not intend to engage in extended debate.
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Star_OKX@star_okx

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.

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Haseeb >|<
Haseeb >|<@hosseeb·
With all respect to Star, this story is candidly ridiculous. Star is trying to claim that the root cause of 10/10 was Binance creating an Ethena yield campaign, causing USDe to get overleveraged from traders looping it on Binance, which eventually unwound because of a small price move. The problems with this story: 1) The timing of this story doesn't line up. BTC bottomed a full 30 minutes before USDe price was affected on Binance. So USDe clearly can't have *caused* the liquidation cascade. This is clearly misplacing cause and effect. 2) USDe price diverged ONLY on Binance, it did not diverge on other venues. But the liquidation spiral was happening everywhere. So if the USDe "depeg" did not propagate across the market, it can't explain how *every single exchange* saw huge wipeouts. This is very much unlike Terra, which depegged everywhere and caused the same damage across every venue. So maybe you could hedge Star's argument by saying "OK, maybe Ethena didn't *cause* 10/10, but it amplified it." But even as an amplifier, USDe fails the test because it didn't propagate cross-exchange. We know what a good explanation of a crash looks like—Terra, 3AC, FTX, all had global balance sheet effects that were felt everywhere. USDe did not do that, it was a Binance order book isolated event. 3) This begs the question: why is Star "revealing" this now, months later? Star does not produce any new evidence for this theory that people didn't already know and analyze to death. All of the order book data has been public for 4+ months and suddenly he claims this? This feels more like Star is picking a fight with CZ and using this simple story as a pretext to make it sound like CZ was in on it, or caused 10/10 through his own irresponsibility. Look, the reality is, there's no simple story explaining 10/10 that survives scrutiny. I don't have one either. If there was a simple story that could explain 10/10, there would already be widespread agreement about what caused it, like the agreement around the 3AC or FTX crashes. The best story to explain 10/10 is, to my mind: * Trump spooked markets with tariff threats on a Friday evening * This caused markets to sell off dramatically because crypto was the only thing to trade * Flurry of activity caused Binance APIs to go down, causing huge price dislocations and preventing market makers from balancing inventory across exchanges. This caused huge liquidations that could not get filled, but liquidation engines keep firing regardless, and all this got amplified by ADLs initiating everywhere and breaking hedges and risk management * This caused MMs to get wiped out, and they were unable to pick up the pieces—MMs need APIs to rebalance inventory, and without MMs, there were no buyers of last resort for many alts. Retail was not going to step in on a chaotic Friday evening to buy stuff * Crypto liquidation mechanisms are not designed to be self-stabilizing the way that TradFi mechanisms are (circuit breakers, etc.), crypto liquidations are designed purely to minimize insolvency risk * Altcoin prices are extremely path dependent, and we ended up in a bad path That's my story. It's not a very satisfying one, but neither is this "Binance + Ethena did it" story. A better root cause explanation is "APIs went down at the worst possible time," but that doesn't really sound so dastardly. Where simple stories do not suffice, unfortunately you have to choose a complicated one. And I think this complicated story is the best one for what actually happened on 10/10. Thankfully, the history of crypto is a long series of these "bad things happened, and later the market recovered." In the long run, I'm not worried that 10/10 permanently broke the market. Just that prices are path-dependent, retail + MMs got hurt bad on 10/10, and will need time to recover.
Haseeb >|< tweet mediaHaseeb >|< tweet media
Star_OKX@star_okx

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.

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Eric Daugherty
Eric Daugherty@EricLDaugh·
🚨 WOW! He NAILED IT: "Ayo America, understand this, I'm a black man in America. I walk around with a 19 on my hip...and I DON'T impede law enforcement carrying out their duties!" "And for some reason, I'm able to survive!" x.com/i/status/20152… "I let the law do the law things. If I have beef, I petition my lawmakers. I don't go and take it out on law enforcement who are also citizens and Americans like me!" "Every single day I'm able to come home, run my kids a bath, tuck them in, and continue to do my thing. No harm comes to me, no harm comes to my family." "I also have a 12-gauge pump, away from the kids, of course, because you got to be a responsible pew-pew owner, okay? And no harm comes to me and my family because I mind my business." "And for some reason, I'm still here. There's a lesson in that." 🫳🎤
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Exocharts.com
Exocharts.com@ExochartsC·
Here we go! V3.5.0 (preview), a new version from the Exocharts team. exocharts.com/downloads/Exoc… exocharts.com/downloads/Exoc… * Big Trades - both limit and market orders on the same chart, aggregated markets too, replay too *Big Trades Realtime, try it in replay mode TPO Flow, a dedicated TPO module with all the bells and whistles * FPBS Shading algo is completely new and reflects regime changes much more accurately *New Template Manager, community templates and workspaces are right around the corner * DOM added triple connection to the stream to capture full order book and not compromise on speed *DOM performance is all fixed * Chart loading speed is greatly improved * Hundreds of fixes and improvements - On a side note, this is not just a simple new version, this is a new benchmark in orderflow trading. We rewrote all code into Java 25 with Project Panama and the result is that charts are much smoother, memory consumption is greatly reduced, we can now process 100M+ trades per second and there is still room to grow. This way we laid the foundation for planned upcoming advanced market structure analysis tools, and can now scaffold new ideas with much greater speed. - This is thoroughly tested, but still subject to bugs. Expect a few hotfixes in the near future until we gather more info from users and release the full final version. Bug reports are welcome in our discrod
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VirtualBacon
VirtualBacon@virtualbacon·
One word to describe this market right now?
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Visegrád 24
Visegrád 24@visegrad24·
Venezuelan man: “Those who say that the U.S. is only interested in our oil, I ask you: What do you think the Russians and the Chinese wanted here? The recipe for arepas?"
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