MeGaBoAsT

@WatcherGuru CRIME

JUST IN: $760,000,000 worth of oil shorts were reportedly placed 20 minutes before President Trump announced the Strait of Hormuz was open.

@zachxbt 🤔

1/ Welcome to the Circle $USDC files. $420M+ in alleged compliance failures since 2022, including fifteen cases of the US-regulated stablecoin issuer taking minimal action against illicit funds.

Hey look!! 😭😭😭 nuh want laugh nuh but this is genius 🤣

NEW: The United States is responsible for the strike on an Iranian elementary school, an ongoing military investigation has found, according to the New York Times. Iranian officials say 175 people were killed, most of them being children. "Officers at U.S. Central Command created the target coordinates for the strike using outdated data provided by the Defense Intelligence Agency," the New York Times reported. The location of the Shajarah Tayyebeh elementary school was formerly part of an adjacent Iranian base, the investigation found. Horrific. Video: NBC News

John Daghita (Lick) was arrested in the Caribbean yesterday as a direct result of my investigation. In late January 2026, I exposed how John stole $ 46M+ in seized crypto assets from the US government by abusing access at CMDSS, his father's company, which held a USMS contract. John then taunted me multiple times via his Telegram channel and dust attacked my public wallet address with stolen funds. Thanks for the last laugh, John.

@JColeNC Damn I’m in silver spring down town 🫡

Aight im currently in Silver Springs, MD. If there’s anybody in the area that wants to ride with me in the Civic while we listen to the album let me know. I got new speakers for this. Please be in the vacinity of silver springs, ima come pick you up with ib, then we can go scoop 1 more person, then we press play. First 2 people I pick up will listen to disc 29 with us. Next 2 people will listen to disc 39. Don’t send your address until I reply to you and follow you, then you can DM. Lemme know

🥲

🚨BREAKING: FIRST US BANK FAILURE OF 2026! 🇺🇸 Chicago’s Metropolitan Capital Bank & Trust CLOSED by Illinois regulators due to unsafe conditions and weak capital cited.

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.

53 banking associations just wrote themselves a $6.6 trillion protection bill. They called it the CLARITY Act. Here is what they do not want you to understand. Banks pay depositors 0.1% interest. Stablecoin issuers hold Treasury bills earning 4.5%. If stablecoins could pass that yield to users, banks lose the deposit war. They cannot compete. The math is fatal. So they made competition illegal. The Kansas City Fed calculated what happens if stablecoins pay competitive rates. Banks lose 25.9% of deposits. $1.5 trillion in lending capacity vanishes. The entire community banking model collapses. Their solution was not innovation. Their solution was legislation. The CLARITY Act everyone is celebrating contains Section 404 prohibiting yield payments through any mechanism. Not just from issuers. From exchanges. From affiliates. From partners. Every single pathway to competitive returns, closed by statute. Brian Armstrong reviewed the 278-page draft for 48 hours. He withdrew Coinbase support at 11pm. The markup was postponed by morning. He saw what Wall Street analysts missed entirely. This is not crypto regulation. This is Dodd-Frank for digital assets. Incumbents writing rules that crush competitors. Regulatory capture so brazen they published the lobbying letters on their own websites. The American Bankers Association. 52 state banking associations. The Community Bankers Council. All coordinating to eliminate an industry they cannot beat in open markets. Meanwhile China made e-CNY interest-bearing on December 29. America is banning stablecoin yield while Beijing is paying it. The crypto industry spent years begging for regulatory clarity. They got it. Clarity that $6.6 trillion in deposits will be protected at any cost. Clarity that banks write the rules. Clarity that if you cannot win in markets, you win in Congress. This is the largest regulatory capture event in American financial history. And it is being sold as innovation policy.

After reviewing the Senate Banking draft text over the last 48hrs, Coinbase unfortunately can’t support the bill as written. There are too many issues, including: - A defacto ban on tokenized equities - DeFi prohibitions, giving the government unlimited access to your financial records and removing your right to privacy - Erosion of the CFTC’s authority, stifling innovation and making it subservient to the SEC - Draft amendments that would kill rewards on stablecoins, allowing banks to ban their competition We appreciate all the hard work by members of the Senate to reach a bi-partisan outcome, but this version would be materially worse than the current status quo. We’d rather have no bill than a bad bill. Hopefully we can all get to a better draft. We'll keep fighting for all Americans and for economic freedom. Crypto needs to be treated on a level playing field with the rest of financial services so we can build this industry in a safe and trusted way in America.

@cryptofergani Oof. Always best to use a safe middle man

Imagine swapping $220K USDC to USDT and only got $5K back… got MEV’d 💀 I would cry 😭

Ready

@mert Yall hiring? 🥹

I just bought checkprice dot com get ready for trillions

@frankdegods Classic Frank W

just mass cancelled $27k/year in subscriptions made a claude code skill that: 1. reads credit card statements/extracts subscriptions 2. automatically asks follow-up q's to clarify which ones you want to cancel 3. actually opens chrome and literally cancels them for you

@LucaNetz Amazing stuff !

🔮😱🐧

@pudgypenguins @SphereVegas 🔥🔥🔥

Pudgy Penguins is now live on the Exosphere of @SphereVegas 🐧