Abraham

Bitcoin survived unchanged.

[Coin Bureau @coinbureau]

🚨HUGE: $73B CIRCLE ACCUSED OF REFUSING TO HELP RECOVER STOLEN USDC

Law enforcement officials in Wisconsin and New York accused Circle of refusing to help return stolen USDC to scam victims, even after legal action.

Circle said it follows legal processes and lacked the technical ability to invalidate and reissue the USDC.

However, experts questioned that claim, noting Tether can burn stolen tokens and reissue them to law enforcement.

[Mario Nawfal @MarioNawfal]

🇺🇸🇹🇷 Watch Trump in Ankara today, praising Turkish officials, saluting their military officers with genuine warmth.

This is not the body language he brings to Brussels or Paris.

Writer: Oliver

[BSCN @BSCNews]

Russia's Largest Bank is Set to Launch Crypto Wallet

Russia's Largest Bank, Sberbank, is preparing to integrate cryptocurrency wallet services directly into its "Sberbank Online" and "SberInvestments" platforms, providing digital asset access to its largest retail and institutional client base.

The initiative follows Moscow's legislative progress on the "On Digital Currency and Digital Rights" bill, which is scheduled to take effect in September 2026.

The rollout marks a definitive shift in the region's financial architecture as the government seeks to clear a path for regulated market participation.

[Vivek Sen @Vivek4real_]

JOHN MCAFEE HAD REVEALED THE CREATOR OF BITCOIN WITHOUT DIRECTLY SAYING IT.

[BSCN @BSCNews]

Satoshi Bitcoin Lawsuit Sees Another Dormant Wallet Move

A Bitcoin address holding 30 $BTC made its first transfer since August 2011, according to Galaxy Research. The coins, worth about $1.88 million, moved on Saturday after nearly 15 years of inactivity.

The wallet is among thousands named in a New York lawsuit tied to dormant Bitcoin holdings.

The lawsuit filed by Noah Doe and two Wyoming based companies seeks ownership of long dormant Bitcoin holdings. The case includes 39,069 addresses, some widely linked to Bitcoin creator Satoshi Nakamoto.

These wallets collectively hold an estimated 3.7 million BTC, worth roughly $234 billion.

[DogeDesigner @cb_doge]

"American food is my favorite food. Cheeseburgers are my favorite. If I had to say, like, only one thing you can ever have for the rest of life, it would be a cheeseburger because cheeseburgers are amazing. It's a genius invention."

— Elon Musk

[Coin Bureau @coinbureau]

⚡️S. KOREA'S KAKAOPAY DEVELOPS A STABLECOIN "SUPER WALLET"

South Korean payment giant KakaoPay is building a super wallet for stablecoins and tokenized assets, pushing one of South Korea’s biggest payment apps deeper into on-chain finance.

CEO Shin Won Keun said Korea ranks among the highest in the world in stablecoin usage.

KakaoPay processed more than 500 MILLION offline payment transactions in 2025.

[CoinGeek @RealCoinGeek]

It's never easy
https://t.co/gn4qj5Eh76

[Abraham @Abraham_Shim]

@kurtwuckertjr Great article. We will never give up.

[Wealthy Anon @wealthyanon]

Binance's margin system architecture created the conditions for cascade failure

On October 10, 2025, $19 billion in leveraged positions evaporated in hours. The official narrative blames Trump's tariff announcement and excessive leverage. That's technically correct but deliberately incomplete. The real culprit is sitting in Binance's margin system design, which functioned as a loaded gun pointed at retail traders while executives marketed the magazine.

Binance operates a non-standard margin framework that diverges fundamentally from industry best practices. Where competitors restrict collateral to USDT or traditional coin-margined futures, Binance invented a Frankenstein's monster: they allow proof-of-stake derivatives and yield-bearing stablecoins as collateral. This wasn't accidental architecture. It was intentional product design that maximized onboarded leverage and dependency on volatile underlying assets. Ethena's USDe was the focal point. Users were encouraged to convert USDT and USDC into USDe to chase yield, then use that USDe as margin collateral to borrow more stablecoins, reconvert to USDe, repeat. This created a self-reinforcing leverage machine that made 50x returns feel achievable and safe because the yield was "real." Except it wasn't. The yield was a promise dependent on the very market conditions that would shatter once macro pressure hit.

When Trump announced 100% China tariffs on October 10, the macro trigger was legitimate. Bitcoin fell from $122,000 toward $105,000. That's real selling. But here's where Binance's negligence compounds the damage: as margin accounts started approaching liquidation thresholds, traders needed to either deposit collateral or close positions. On most platforms, this is routine. On Binance, the system melted. Their API failed. Their interface froze. Transfer systems from spot to futures accounts experienced slowdowns so severe that traders couldn't move capital between their own accounts fast enough to maintain solvency. This wasn't a feature. This was infrastructure collapse at the exact moment it mattered most.

Then came the oracle failure. USDe was supposed to be a delta-neutral stablecoin, backed by U.S. Treasury bonds and Ethereum staking. It should stay pegged to $1. On most exchanges it did, even dipping only to $0.92 on cross-venue aggregated pricing. On Binance, it crashed to $0.62. Not because the asset fundamentally broke. Because Binance's pricing engine broke. When USDe is marked down to $0.62 by Binance's oracle system, that asset instantly becomes worthless collateral. Every trader holding USDe on margin saw their available collateral evaporate. Liquidation cascade.

The forensics matter here. Between October 6 and October 14, Binance announced oracle improvements but delayed implementation. During that 8-day window, attackers allegedly dumped $90 million of USDe, precisely exploiting the known vulnerability in Binance's valuation method before the fix went live. The stablecoin price plummeted on Binance's books alone. Traders couldn't execute stop-losses. Binance's overloaded systems prevented them from closing positions to avoid liquidation. This is not a market crash. This is a technical entrapment followed by forced liquidation.

Binance's insurance fund paid out $188 million. The platform liquidated roughly $2.4 billion in positions. That means $2.2 billion in losses were simply absorbed by traders whose positions hit zero. No insurance. No recovery. Just wiped out because Binance's infrastructure failed and their margin system allowed collateral that could be instantly devalued by oracle failure.

The dominance problem compounds this. Binance handles the largest share of global derivatives volume. When Binance breaks, market-wide trust evaporates. Traders stop believing that any exchange can stay operational during stress. Liquidity dries up across all platforms. OKX CEO Star Xu later went on record stating the crash damage exceeded the FTX collapse in severity. That's not rhetoric. That's describing a systemic shock created by Binance's failure to maintain operational integrity and prudent risk architecture during a known macro event.

Six months later, in May 2026, Cathie Wood walked back earlier comments blaming Binance. The narrative shifted to "systemic leverage was the real problem." Convenient. Because the macro shock angle absolves Binance of responsibility for their own technical failures and reckless margin system design. But the data doesn't care about narratives. USDe traded at $0.62 on Binance and $0.92 elsewhere. That's not leverage. That's infrastructure failure. The macro shock would have caused volatility on any platform. Binance's design and technical failures converted volatility into annihilation.

[SuZhe @SuZhe_eth]

有没有一种可能，
BSV 才是真正的比特币？
#BSV

[Star_OKX @star_okx]

CZ keeps misleading the public by claiming I’m jealous of him.

Jealous of what? His jail time as a convicted criminal? Or October 11, when millions of crypto users were liquidated and billions of dollars were wiped out, pushing the entire industry into a crypto winter? Or his tolerance of compliance violations and firing members of his own compliance team because they investigated accounts labeled as internal?

I’m not jealous of him. I’m ashamed of him.

I almost forgot his unethical conduct during the OKCoin days. Yet he mentioned me almost 10 times in his book which is full of bullshits, repeating false claims and misrepresenting the facts.

I have no interest in wasting my time revisiting those old events or digging through the evidence. But if he believes it’s necessary, I’m more than happy to go through the facts, present the evidence, and discuss it publicly with the media.

[Financial Times @FT]

Binance and founder sued by crypto investors in London lawsuit https://t.co/sdM5oM9LQn

[Stellar @StellarOrg]

Open USD from @openstandard, backed by Visa and Mastercard, is coming to the Stellar network.

Designed with businesses in mind, Open USD is built to scale: open, low-cost, high-throughput, and broadly accessible.

[Peter Schiff @PeterSchiff]

Since Oct. 2025, Strategy spent almost $17B buying Bitcoin. Yet despite that support, the price fell by 53%. If Bitcoin was that weak with Strategy buying $17B, imagine how much weaker it will be with Strategy selling $3.25B, plus more to maintain its minimum U.S. dollar reserve.

[Kurt Wuckert Jr @kurtwuckertjr]

Every axiom about BTC is fake.

- It’s easy to change the rules.
- BTC has been rolled back twice.
- Your “node” does nothing.
- Paper BTC > 21 million.
- It is confiscatable.

Your favorite influencer is full of crap.

The BIP110 argument proves my thesis that BTC can be controlled, politically, at the repo, and that devs are the target for controlling the system.

Think your node “votes” honestly?

It doesn’t.

Think about how cheaply a big bank or big government can spin up 50k instances that flag for the upgrade THEY want.

It’s all social engineering, propaganda, controlled opposition and the cycles created by the same people who control the fiat dollar (the Fed) and the fiat-fiat dollar (Tether.)

Wake up!

[nic carter @nic_carter]

OpenUSD confirms that issuer-keeps-the-float economics for stablecoins are over.

[Crypto Banter @crypto_banter]

🚨MAJOR CONSORTIUM LAUNCHES OPEN USD STABLECOIN!

A broad alliance of financial giants, including Visa, Stripe, Mastercard, BlackRock, Coinbase, and dozens of others, has officially announced Open USD (OUSD), a new stablecoin designed for global payments and commerce.

Key features per the launch announcement:
- Zero mint/redeem fees and no volume caps for businesses
- Revenue sharing, partners earn from the reserves (minus a small management fee)
- Collaborative governance via an independent entity (Open Standard) with a board of partners

The project aims to create a more open, scalable, and business-friendly alternative in the stablecoin space, with launch expected later in 2026.

[IMF @IMFNews]

Money has come a long way since the first uses of shells or coins millennia ago. Today, it may be considered our most used technology, as most people use digitally recorded money. Our Analyze This video explains tokenization and why programmable money is useful.

[SuZhe @SuZhe_eth]

BSV 最容易被低估的，不只是它没有被微策略式的财库劫持。

这意味着它的筹码结构，并不像 BTC 一样天然叠加了巨额机构持仓、融资买入与潜在去杠杆的卖压。

但更重要的是：BSV 根本不需要从零建立矿机网络。

BSV 与 BTC 共用 SHA-256 ASIC 矿机的基础设施。

挖 BTC 的矿机，不用更换硬件，只需一键切换矿池配置，就能直接开挖 BSV。

ETH 做不到。
SOL 做不到。
其它公链都做不到。

BSV 不缺一套等待制造出来的矿机网络。
它缺的是一个足以改变矿工收益预期的时刻。

一旦这个预期出现，调头的不会只有资金。

还有全球最庞大的矿机舰队。

一点即燃，触底反弹！

#BSV