BBO Robby

@RoKhanna @peterthiel @RoKhanna you say you want them to stay, but your actions are creating massive economic incentive for them to leave. It's not surprising that people are more compelled by economic incentives than they are by your words.

Looks like @peterthiel left not just California but America. I again echo FDR: we will miss him very much. I am for Team America and those who actually give a damn about building our nation. nytimes.com/2026/05/28/wor…

@amandalfischer Leave it to Americans to want to express their views in an open market. tisk tisk!

Why are Americans trading on your global platform not registered to operate in the U.S.?

@Jason @NYCMayor the city will still get to take the property tax money but they lose the income tax from those that are fleeing

@Jason @NYCMayor it's interesting that the Qatari's in particular have been the ones buying up all the expensive NYC real estate that the richest NY'ers have recently been selling at a discount as they flee the state

Happy Tax Day, New York. We’re taxing the rich.

@andyyy someone make a $TANKTOP coin

ZEC just makes sense. Bullish.

@planksdirect @deanwball Maine's economic future will be harmed by banning data centers. The ban won't slow AI globally and won't stop job displacement. It simply ensures Maine gets none of the upside while still facing the downsides of technological change.

@deanwball No, they’re banning the eradication of their economic futures - as warned by the very AI company CEOs you aim to protect. It’s only their own words. That’s a PR failure, not ignorance of the populace.

If you needed a reminder of why America’s founders were deeply skeptical of democracy and the will of the masses, there is none better than the fact that the American people seem to be enthusiastically banning a wave of industrialization before it has even begun in earnest.

@noyesclt ok so @coinbase should just ask customers to take a short 1 question survey in exchange for 4% on their USDC holdings. The question could be: "do u want interest on your stablecoin holdings?". that way they are paying rewards for taking a survey, not solely for holding/using USDC

Blog - OCC just killed all Stablecoin Rewards (I told you so). While this is draft guidance, don't expect it to change substantially. Blog on guidance, impact and the "hammer" the OCC wields. blog.starpointllp.com/2026/02/no-mor…

@EricBalchunas i think question now becomes if/when OGs start buying back if price starts consolidating in $60-70k's

Confession: While I was right (so far) that the btc ETF investors would be stronger than ppl thought, I was wrong when I said we’d see less wild volatility. I’ll take the L there. I thought ETFs retail replaced dumdum pre-FTX retail = more stability but what I didn’t factor in was the OGs puking so much. I figured they’re solid as a rock since they HODL-ed through hell bf. Also, the 450% gain in two years Shoukd have also been red flag. Thats too much too quickly. That said we never wavered in classifying btc as hot sauce, which it def is at least for the foreseeable future.

@EvgenyGaevoy fair, what about not replacing but rather offering a fully-reserved alternative to fractional-reserved for those who want it?

@BBORobby which would be stupid

short thread of thoughts on where we are etc

@EvgenyGaevoy could argue we're replacing fractional reserve banking with full-reserve banking.

- stablecoins are a very niche win and ultimately dont change anything in grand scheme of things as we are replacing one set of centralized intermediaries with a (somewhat smaller and more efficient sure) set of other centralized intermediaries

@star_okx @star_okx it's worth noting that USDe depegged on Binance but not on its primary trading venue (which is actually a DEX- Curve). The problem was Binance's liquidation engine only looked at the USDe price on Binance alone to trigger liquidation, instead of using some index price.

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.

"They expect one of us in the wreckage brother"

@PeterMoskos @WESTSIDEGUNN

Just learned Buffalo, NY, had a big decrease in murders in 2025. To 27 (9.7 per 100k). Down from 63 in 2022 & 37 in 2024. This is more than "back to 2019 levels" (48 murders). I have Buffalo data going back to 2005, and this is the lowest. Past 20-year average is > 50/year.

@jfltp @WALLACHLEGAL In 1980 when Apple IPO’d

@BBORobby @WALLACHLEGAL what year was this

Breaking: Massachusetts gets its preliminary injunction against Kalshi. This is the first injunction entered against a prediction market platform.

@malekanoms congress represents whoever pays them. bank shareholders pay them more than american savers. simple

Wells Fargo just reported $12B in net interest income in a single quarter. Proving once again banks can easily compete with stablecoins paying yield. Why does Congress care more about bank shareholders than American savers?

@CalebSol SPX6900

Most memecoins went to zero. I’m looking for communities that survived. Do they exist?

"we're going to teach AI to home care workers ... kids too ... and an open social web to allow portability of social media graph"

@tomkysar when you're no longer wagering on uncertain future outcomes... clearly we're not at that point

at what point do we agree you're no longer a 'prediction market'