PROXIMUS

@heyibinance @xtony1314

@xtony1314 不骂我，只是养了大批水军抹黑我，造谣污蔑我，再矮化我，我不是什么娇妻文学的女主角，是在CZ卸任后仍旧全线压制友商的币安第二大股东和Co-CEO。

老徐对一姐 是真爱 老徐只怼CZ，从来不骂一姐， 就像我，只怼大朗，从来不骂猫。 你们都说我是舔狗。 我跟老徐，都是苦命人。😭😭😭

@smtgpt THAT is still a centralized, single point of failure approach. Better approach would be to use cryptographically signed attestations directly on public blockchain (like Ethereum, BSC, etc.) using something like Ethereum Attestation Service or Smart Contract & save your 100Cr.

I want to address what happened to Neeraj and me last week. Of course, it was quite shocking to us as well and honestly very disheartening. But today, we want to talk about what actually happened and more importantly, what we’re going to do about it. On March 21, we were taken into police custody in connection with a fraud complaint. Three days later, on March 24, a Thane court granted us bail, finding that prima facie, no case was made out against us. The fraud at the centre of this complaint was carried out through a fake website - "coindcx.pro" by impersonators who have absolutely no connection to our platform, our systems, or CoinDCX. No money moved through CoinDCX. No transaction occurred on our exchange. The complainant himself confirmed in court that he did not know us and had never met us. I'll be honest: our experience was deeply unsettling. Not because we doubted the facts -- we knew from the first moment that this had nothing to do with us. But because it made something painfully clear: the ecosystem we operate in doesn't yet have the tools to tell the difference between the people building this industry responsibly and the people exploiting it. Think about what this precedent means: if a scammer uses your brand, your name, your face in a fake website and defrauds someone, you can be arrested. Not the scammer. You. This Could Happen to Any founder, Any Business. That has to change. And we've decided that CoinDCX will lead that change - not with words, but with actions. Today, we are announcing Digital Suraksha Network (D.S.N.) - a ₹100 crore commitment from CoinDCX to build the cyber safety infrastructure that India's digital finance ecosystem needs but does not yet have. This is not a crypto problem. This is a problem across any company which has a digital footprint. Here's what we're building: → 24x7 WhatsApp helpline: free for everyone, not just CoinDCX users, to verify links, platforms, and offers before you transact. → Open Fraud Intelligence API: We have already documented 1,200+ fraudulent websites impersonating CoinDCX. That data sat inside our systems. Not anymore. We're building an open API to share this intelligence in real time and inviting every exchange, fintech, bank, and digital lender to contribute. A shared immune system for India's digital finance ecosystem. → Cyber Safety Infrastructure for Law Enforcement: The Digital Suraksha Network will fund training programmes for state cybercrime cells on blockchain forensics and digital asset tracing. → "Caution Before Transaction": a nationwide initiative to give every Indian the tools to participate in digital finance safely. We know that no single company can solve this. Fraud networks are sophisticated, cross-border, and evolving daily. Nowadays, they make use of AI that makes them exponentially harder to catch. But someone has to start to fix this problem from the root. We are putting ₹100 crore on the table because the ecosystem cannot afford to wait. I am asking every platform, every regulator, and every Indian who participates in digital finance to join us. We want to ensure that anyone building startups in India like us can do so with confidence, and not with fear.

@natbrunell @KobeissiLetter So you started the crash...😭😭😭

@KobeissiLetter I hosted this Bitcoin women’s dinner on exactly 10/6 🤔

This is absolutely insane: On October 6th, crypto markets hit a record high market cap of $4.3 trillion. Today, the crypto market is worth just $2.3 trillion, losing -$2 TRILLION worth of market cap in 4 months. In other words, ~46% of crypto's entire value has been wiped out since October 6th. Bear markets arrive when markets least expect it.

@RachelConlan Exactly.

Crypto: fighting badly executed FUD all day. Other industries: running playful Super Bowl ads and making us laugh. We’ll get there 😉

It's crazy how a lot of FUD creeps up against @Binance @cz_binance when the overall crypto market is 📉. Competitors instill fear spreading FUD, like clockwork and guess what? it gave an opportunity for Binance to demonstrate why they are #1 in the world, good job FUDders 😂😂

@binance Proof is good. No room for speculators. Great job, @Binance.

#Binance SAFU Fund Asset Conversion progress update. Binance has completed the first batch of Bitcoin conversion for the SAFU Fund, amounting to 100M USD stablecoins. Our SAFU BTC address: 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD TXID: blockchain.com/en/explorer/tr… We’re continuing to acquire Bitcoin for the SAFU fund, aiming to complete conversion of the fund within 30 days of our original announcement. We’ll share updates with the community as they become available.

@star_okx I admire how Binance lives rent free in your head 24x7 :)

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.

@callebtc Miners can be both, just like how you can be both (or not, the choice is yours). It is a choice.

I want my Bitcoin miners dumb. I want miners without ideology, without morals, and without a saviour complex. I want them to be economically rational, and their only goals to be to find cheap energy and deploy efficient mining chips. Miners mine blocks and nothing more. They do not determine the course of Bitcoin. They do not speak for us. I don't want them to defend our interests. I want them to defend their interests alone, which is to mine the most efficient blocks. If they can't compete in a ruthless market, I want them to die and to be replaced by more efficient miners. They mine blocks. We determine consensus. We lead. They follow.

@cz_binance Congrats @cz_binance. Well deserved. Keep building. Onwards. 💪

Deeply grateful for today’s pardon and to President Trump for upholding America’s commitment to fairness, innovation, and justice. 🙏🙏🙏🙏 Will do everything we can to help make America the Capital of Crypto and advance web3 worldwide. (Still in flight, more posts to come.) Onwards. 💪

@callebtc Nutpay

looking for a good name for cashu L2 based on payment channels.

@aubreystrobel @elonmusk I think you should.

@pdexd @elonmusk should i cut my hair like that lol

Made with Grok Imagine

@Paxos Was it that easy for an error to happen? May be you need to tighten the internal process of minting.

At 3:12 PM EST, Paxos mistakenly minted excess PYUSD as part of an internal transfer. Paxos immediately identified the error and burned the excess PYUSD. This was an internal technical error. There is no security breach. Customer funds are safe. We have addressed the root cause.

@aubreystrobel This is a very creative pickup line.

"Twitter is a dating app."

@BitcoinMagazine @elonmusk Wrong question. Right question is when will @Tesla mine #Bitcoin with solar energy. @elonmusk

Hey @elonmusk, when will Tesla resume accepting #Bitcoin payments again? 👀

@smtgpt @coinbase @CoinDCX Congrats, @smtgpt

Fueling the Next Phase of Growth 🚀 I am excited to share that @Coinbase has entered into an agreement to make an investment in @CoinDCX (closing subject to regulatory approvals) valuing us at $2.45B post-money. But this isn't just about capital, it is about conviction in our long-term vision, our regulatory-first approach, and India and UAE's growing role in the global crypto movement. As we enter the next phase of growth, we remain committed to: 1. Innovating for India and the world: driving crypto adoption, new onchain use cases, and user experiences 2. Leading with compliance, transparency, and integrity and setting benchmarks for the industry 3. Educating millions: helping people participate confidently and safely in the digital economy I'm deeply grateful to our community, users, partners, and the incredible CoinDCX team for believing in us and building with us every step of the way! 💪 I also want to specially thank @brian_armstrong, @emiliemc, and @ShanAggarwal for being long-term believers in CoinDCX (since 2020!) and in the vision of global crypto adoption! We are just getting started!

@star_okx Bro, you just keep talking about competitor exchanges. I would suggest you focus your energy more on your exchange. Only those who cannot let their product/service do the talking keep talking about competitors. 🤷‍♂️

这是一份客观的分析。 首先，Ethena Labs 在投资组合管理和风险控制方面的表现都非常出色，其透明度在行业内堪称典范。 OKX 已经上线了 ENA 代币，并可能在未来考虑支持 USDe。事实上，OKX 也是 Ethena 的早期小额天使投资人之一。 但我们也要提醒市场：USDe 不应被视为 1:1 锚定的稳定币，它本质上是一只代币化对冲基金。 此类基金通常采用相对低风险的策略，例如 Delta 中性套利 或 货币市场基金投资， 但这些策略依然存在潜在风险——包括 ADL 自动减仓风险、交易所事件风险、以及 托管安全风险 等。 将 USDe 定义为“稳定币”，或将近期的市场波动解释为“脱锚”，都是不准确的。 代币化对冲基金 从设计上就并非用来维持与美元的硬锚定关系。 如果有交易所计划将 USDe 纳入其抵押品体系， 就必须建立完善且动态的风险缓释机制。 简单地将 USDe 视为 1:1 的稳定资产， 未来可能会给整个加密行业带来系统性风险。

Those who have been here long enough knows who good players are in this industry. @binance, @cz_binance earned the user trust cycle after cycle and hence why they are the biggest and the most trusted exchange in the world. They are not perfect but they work hard to be one.

@cz_binance This is huge. Congrats to everyone involved in making this happen 👏👏

Softbank & PayPay invests 40% in Binance Japan binance.com/en/blog/adopti…

@yzilabs @ellazhang516 @JaneSparking @odagius @cathyIncubates @cyodyssey @yunna025 @cz_binance @christyhwchoi @cz_binance legs though? 🫣

@ellazhang516 @JaneSparking @odagius @cathyIncubates @cyodyssey @yunna025 A big shoutout to @cz_binance for uniting Korea’s community at our BNB-themed private dinner last week, setting the tone for everything that followed. Special appreciation to @christyhwchoi for her support throughout. 🙏

✨ A memorable evening as we hosted leaders from TradFi, Web3, and the visionaries driving the BNB ecosystem forward. With trust at the center, lasting connections are built. Thank you to everyone who joined us for this special dinner! 🥂