being right doesn't pay you.
i've called a trade exactly and still lost money. this week a whole market watched a company sell bitcoin and resolved "no" anyway.
the market doesn't reward being right. it rewards being right in a way someone else agrees to settle.
took me a lot of money to learn that difference.
You fundamentally cannot trust Polymarket to resolve markets according to reality.
This is the biggest problem with "Truth Markets" - they're not.
Why would anybody risk a dollar on this platform when they have no idea if the resolution will reflect reality.
@Louiszh699@Bybit_Official@Bybit_ZH@HuobiGlobal HTX was sanctioned by the UK recently and Bybit then warned about transfers to/from HTX. This is likely why your account got frozen. Hope you get it resolved soon.
Important Notice Regarding Deposits and Withdrawals Related to HTX
In light of the latest regulatory actions concerning HTX, transfers to or from HTX-linked addresses may trigger additional AML, compliance, or risk-control checks.
Users are advised to avoid using HTX-related addresses when interacting with Bybit and to ensure that all account activities remain compliant with local laws and platform policies.
If you require assistance, please contact the Bybit Support team.
https://t.co/isuoMUHPzI
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This should be illegal
Circle just froze $12.6M in @zama confidential @USDC collateral damage from one shady deposit.
This screams why we must avoid centralization in crypto.
A wallet tied to Overnight Finance facing rug pull allegations and a court case dumped ~$12.4M USDC into Zama’s cUSDC contract around May 11. That made up almost the entire pool.
Circle got a court order and blacklisted the whole smart contract address on Ethereum not just the suspect wallet.
🔥 Boom. $12.6M locked. Legit users holding private cUSDC suddenly couldn’t redeem or move funds easily. Zama paused the wrappers, called it crossfire, and is working with lawyers to unfreeze innocent money.
Why the entire contract and not just the bad address?
Because cUSDC is a wrapper contract that holds all the underlying USDC for users.
Blacklisting it freezes the whole pool privacy mixing makes granular targeting hard. Circle’s $USDC contract has a built in blacklist function controlled by them.
One compliance flag or court order and they nuke the address. No nuance.
This is the exact problem with centralized stablecoins wearing DeFi clothes. We left #Satoshis decentralization pillar behind, and now a Web2 company like Circle can reach in and freeze on chain assets with one click.
Privacy tech like Zama’s FHE is powerful, but it sits on top of controllable rails.
One bad actor court everyone pays. ZAMA token dumped hard on the news.
True privacy and freedom need fully decentralized money not permissioned stables where issuers play judge, jury, and executor.
This should be a massive wake up call for builders and users.
What is your take? Should we push harder for native decentralized stables, or is this just compliance?
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The volume on $LUNC and $USTC this month has been out of this world.
And we all know what higher daily volume means: more trading activity, more fees, and potentially bigger Binance burns.
A massive thank you to @binance, @cz_binance, @_RichardTeng and the whole Binance team for continuing to support the Terra Classic community.
Community challenge - how much $LUNC do you think Binance will burn this month?
Drop your guess below.
#LUNC #USTC #TerraClassic #Binance #LunaClassic
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This is the beginning of the end of the era of the centralised crypto exchange imho.
After CEX users have endured CEX failures and fraud, and suffered indiscriminate account freezes through CEX KYC-jacking in recent years, now the shoe is on the other foot.
All CEXs are now at risk from the same threat of anti-crypto state actor sanctions as has happened to @HTX_Global, and then being forced to try to prove their innocence through the provision of undefined amounts of documentation, and engaging with open-ended, time consuming and costly, bureaucratic processes.
As we can see by the response to @HTX_Global's difficulties by their peers, it is every CEX for themselves - there is absolutely no unity amongst CEXs in the face of state sponsored censorship.
Does anyone really want to risk keeping crypto assets/funds on a CEX with this dual threat of indefinite loss of access to their funds at this point?
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$lunc
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