Situ Wanxin

Executive Producer at the intersection of science, tech and culture. Always looking for sharp minds, strange ideas and strong stories. @BeaconLayerHQ

[Situ Wanxin @SituWanxin]

Well...

Hyperliquid though.

hyperliquid:native

[Gracy Chen @Bitget @GracyBitget]

#Hyperliquid may be on track to become #FTX 2.0.

The way it handled the $JELLY incident was immature, unethical, and unprofessional, triggering user losses and casting serious doubts over its integrity. Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors.

The decision to close the $JELLY market and force settlement of positions at a favorable price sets a dangerous precedent. Trust—not capital—is the foundation of any exchange (CEX and DEX alike), and once lost, it’s almost impossible to recover.

Moreover, the platform's product design reveals alarming flaws: mixed vaults that expose users to systemic risk, and unrestricted position sizes that open the door to manipulation. Unless these issues are addressed, more altcoins may be weaponized against Hyperliquid—putting it at risk of becoming the next catastrophic failure in crypto.

[Situ Wanxin @SituWanxin]

CoinEx has announced that it will cease operations.

Customers will be able to withdraw their funds until December 22, 2026.

Behind CoinEx is ViaBTC Pool, one of the largest Bitcoin mining pools in the world.

CoinEx launched around the same time as Binance, and it attracted a large number of users. However, many users mainly joined to sell coins, which caused the exchange to fall far behind.

Quite sad to see CoinEx go.

[Cozomo de’ Medici @CozomoMedici]

We Are Here To Stay

Gn 🌘

[Cozomo de’ Medici @CozomoMedici]

2) 'Deep Sage Green Gaze' by @__scerbo__

[Cozomo de’ Medici @CozomoMedici]

Now presenting our selections for this week's #ArtTank, in partnership with @rollbitcom:

1) 'Vínculos Playeros' by @carlos28355

[Cozomo de’ Medici @CozomoMedici]

Gm. It’s a beautiful day to be alive☀️

Share one thing you are grateful for today 👇

[Cozomo de’ Medici @CozomoMedici]

Perhaps it's a different Cozomo. Gm ☕️

[Cozomo de’ Medici @CozomoMedici]

Are you this old?

[Cozomo de’ Medici @CozomoMedici]

‘Open Eyes” by @jakejfried

[Cozomo de’ Medici @CozomoMedici]

Gn

[Cozomo de’ Medici @CozomoMedici]

Gm. I have not checked the feed yet, but as all know, each day I wake up hoping to see my arch nemesis @batsoupyum has taken an L. Finally today, let this be true 🤞

[Cozomo de’ Medici @CozomoMedici]

The Medici Minutes are calling you.

Pick up the damn phone ⚔️

[Cozomo de’ Medici @CozomoMedici]

Fake ones play the finite game. Real ones play the infinite game. Gn 🌑

[Cozomo de’ Medici @CozomoMedici]

When you don’t get picked for The Monument Game

[Cozomo de’ Medici @CozomoMedici]

How do we feel about single combat?

[Cozomo de’ Medici @CozomoMedici]

It's time for #ArtTankTuesday, sponsored by @rollbitcom. Each week we acquire $1.5k of art.

Today the master of ceremonies himself, @redbeardnft, will select the work.

Share your art today, before 8pm ET so we have time to review all submissions 🎨⚔️👇

[Cozomo de’ Medici @CozomoMedici]

Espresso is the most powerful force in the world

[Cozomo de’ Medici @CozomoMedici]

Thursday.

[Cozomo de’ Medici @CozomoMedici]

2/ 'Death of Innocence' by @AlchemiDream

[Cozomo de’ Medici @CozomoMedici]

Behold this week's #ArtTank acquisitions, curated by @redbeardnft, in partnership with @rollbitcom.

1/ 'Between three moons' by @ScottBatemanArt