Symbio

[Symbio @NoCryptFish]

The recent HTX sanctions were absolutely devastating for the exchange.

There's ~5mil $ USDT left on the exchange, lol.

I guess Justin Sun got to sell some TRX now to fulfill withdrawals or soon come up with some bullshit why people cant withdraw their money🙃

[Symbio @NoCryptFish]

If Tether's Q1 profit is 1.03Bil. $ and excess reserves went from 6.3Bil. $ to 8.2Bil. $ then this theoretically means tether topped up its excess reserves with ~1Bil. $ from outside (for the first time?!).

lets see how long they can do that 🙃

[Symbio @NoCryptFish]

this is only an estimation and does not take other assets value or amount changes in between attests in consideration, so take it with a grain of salt.

[Symbio @NoCryptFish]

calculated the theoretical profit/loss of the tether reserves quarter over quarter with the last attest data and current bitcoin & gold prices and it's not looking good this quarter🙃

[Symbio @NoCryptFish]

Calc is basically latest gold/btc amount * gold/btc price chart. Other assets value are measured as unchanged since last attest. I excludes their public equity, which also is btc / gold related, so its even worse.

[Symbio @NoCryptFish]

@crypto1nfern0 Also usd borrowed to long btc/usd pair on bitfinex at all time high, currently 5.6B $ 👀

It's wierd that that usd borrowed isn't higher, given that btc longs went up alot the past 3 weeks...

who the fuck borrows 5.6 Bil. USD with 14% interest😂

[Symbio @NoCryptFish]

https://t.co/dIaEnOrZo8

[Symbio @NoCryptFish]

HTX, which actively advises users to use a vpn to access its platform and circumvent banns is also not adhering to sanctions...im shocked!

https://t.co/9IRu5Np1nS

[Symbio @NoCryptFish]

Moderators of the HTX telegram channel just straight giving advice on how to circumvent india's ban of HTX.

[Dustin Gouker @DustinGouker]

I don’t think it’s an exaggeration to call this the greatest piece of prediction market content created to date.

[Symbio @NoCryptFish]

Tether's sister company Bitfinex is still not complying to EU regulations in 04/2026 and people trust these people with 190.000.000.000$ ?!🤡

not MiCa compliant:
❌Bitfinex
❌HTX

MiCa compliant:
✅Binance
✅Coinbase
✅Kraken
✅Bybit
✅OKX
✅Gate. io
✅Crypto. com

@Protos

[The Weekly Show with Jon Stewart @weeklyshowpod]

“It’s a multi-level marketing scheme.” Getting to know the boom and bust world of crypto with @ben_mckenzie, whose new doc “Everyone Is Lying To You For Money” explores the harsh truths of the industry. New pod out now! #theweeklyshow #jonstewart #politics

[Symbio @NoCryptFish]

@RhoRider who would have thought day trading gold was a bad idea...

they are lucky gold recovered somewhat from a week ago else their attest due today would look really bad.

will still be worst (unrealised) loss QoQ ever in tethers history tho.

[Morgan J. Freeman @mjfree]

Trump's family Bitcoin mining company "American Bitcoin" is down 94% from its peak.

If you invested $10K in $ABTC 7 months ago, it's worth just $600 now.

Enjoy!

[Symbio @NoCryptFish]

@astronaut_eth ye before 2023 it was low (i believe ~1% above liability's) but back then they mostly collected interest, now the reserves consists of very volatile assets like gold & btc, which is insane for a stablecoin reserve.

[Symbio @NoCryptFish]

with btc and gold down bad this quarter tether's next attest will look extremely bad.

it will be the biggest excess reserve decline in its history, by my estimates/calc's & current gold prices they are now at ~3.5B. $, down from 6.3B. $ 🙃

[Symbio @NoCryptFish]

if gold keeps crashing like this we might be days away from a tether insolvency🙃

[DIRTY BUBBLE MEDIA: GOOD LUCK, GOOD BYE. @MikeBurgersburg]

So if we are 6% off of all time highs the Gov needs to intervene in the market?

Beyond insane

[Symbio @NoCryptFish]

Bitfinex/Tether are still not complying to EU's Crypto regulations in 2026 by allowing EU residents to still trade Tether and other restricted coins on Bitfinex.🚩

https://t.co/30qlN9R7ha