b0xser ⚡️👊💎

[b0xser ⚡️👊💎 @b0xser]

@BaldKnower @SOLDEARLY_SOL Fact is you did not clarify terms and deserve what you got

[b0xser ⚡️👊💎 @b0xser]

@gaggingdeepdick You're next

[b0xser ⚡️👊💎 @b0xser]

@amitisinvesting Gained by raping and pillaging the world. Congrats

[b0xser ⚡️👊💎 @b0xser]

@mario4thenorth They are a coalition of coastal first nations. Their members own a shit load of territory. Get your facts straight.

[ElonTrades @ElonTrades]

The Oct 11 Crypto Crash — What Really Happened

TL;DR:

Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.

That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.

It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.

What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.

1️⃣ The Setup

Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.

Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.

On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.

2️⃣ The Exploit

During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).

Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.

Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.

3️⃣ The Profit Engine

The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.

As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.

Timing, precision, and funding paths all suggest coordination.

4️⃣ The Contagion

Binance liquidations dumped BTC/ETH/ALTs into thin books.

Other exchanges mirrored the collapse through cross-market bots.

Market makers hedged across venues were forced to unwind everywhere.

Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.

5️⃣ Who’s at fault?

Binance: design flaw + delay in oracle rollout = root cause.

Exploiters: executed and timed the manipulation, profited via external shorts.

Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.

6️⃣ Aftermath

Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.

USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.

Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

[naiive @naiivememe]

Calming down 126k new buyer after he checked his crypto portfolio

[🎯 Master @Moneytaur_]

The 'heavy market activity' you saw wasn't retail panic. It was whales selling, again.

Retail doesn't sell. They're trapped in analysis-paralysis, sitting on losses, waiting for miracles.

Retail is divided, fighting each other, blaming influencers, governments, charts, or astrology, everything but themselves. Even if they united, they don't have the firepower to move markets like today. Whales do, and they move together.

They create both sides of the story. The side of hope and the side of despair, while retail argues over which side is "right"

Every pump is engineered greed.
Every crash is engineered fear.
Both are liquidity traps.

Whales keep building on steroids because the herd refuses to stop gambling in a system designed to drain them. The game is, and always will be, a scam designed to extract from the majority. There's no future here if you play the game like everyone else.

[DonAlt @DonAlt]

When Trump causes these kinda meltdowns, a lot of people get hurt

What makes these especially bad to me though is that every time it happens he has infinite people front run the news to take advantage of it

It's so disgusting

[Vijay Boyapati @real_vijay]

Quietest Bitcoin all time high ever. No news. No interest. No FOMO.

We're going much, much higher.

[plur daddy @plur_daddy]

It's been great being off Twitter, and has helped me shift towards a longer-term time horizon without getting caught up in the day-to-day noise. My thoughts are more clear, as it is easier for me to know what I genuinely think, versus what I have absorbed from the views of others or general vibes.

This is congruent with my desired shift in investment style, as I am focused on compounding with a greater margin of safety versus running it up fast in assets that can go to zero overnight. I will continue to not check Twitter or engage very much, but people have been asking me for my latest thoughts, so I'll aim to drop in once in a while. I have been getting a lot of my information intake from various Substacks instead, so if you know of any good ones, I'd appreciate a shill.

I continue to be long BTC and also significantly sized up my gold position in August. This is driven by my belief that Trump's efforts to take control of the Fed represent a momentous catalyst, the kind that happens once a decade. Don't let minor distractions distract you from how important this is. Trump is intensely focused on this, and he will find a path to achieve it, one way or another. Once he takes control, it is logical that he will not only cut rates, but engage in some form of yield curve control to lower borrowing costs, lower mortage rates, and boost liquidity. This achieves several of his major goals at once. The USD will get destroyed as a result.

The impact on stocks is likely net bullish but with meaningful puts and takes given the decline in America's institutional credibility and the impact on inflation. BTC and gold are more pure beneficiaries of an environment where liquidity is increasing and institutional credibility is undermined. While it will be a gradual process, the fact that it is clearly on the horizon forces participation in BTC and gold.

Because of vestigal memetic consensus around the 4 year cycle, there is way too much underlying fear around "the top". I am convicted BTC simply doesn't trade like that anymore given it has been captured by tradfi and is a more pure expression of liquidity conditions. That said, it feels like BTC's recent underperformance vs. gold is driven by jitters around the 4 year cycle and OGs and other parties selling and acting as a drag on price. All of these things will wash out in time. At some point the underlying drivers for BTC will push it higher and when gold's momentum slows down that liquidity will re-enter BTC as well, acting as a slingshot.

Another important catalyst that no one is talking about, is the EU's discussions around seizing Russia's $300bn in assets that are held at Euroclear. They were frozen when Russia attacked Ukraine, which was a catalyst for BTC at the time, and some of the interest earned on the assets has been spent supporting Ukraine. As the war drags on and depletes Europe's coffers there is increasing political momentum to make greater use of the assets, and there is a new plan to give a loan to Ukraine backed by the Russian assets, that would only be paid back in the event that Russia pays reparations. Since reparations will never happen, this is a de facto seizure. It goes without saying that the seizure of sovereign assets held in a centralized clearing house massively bolsters the raison d'être for crypto. This is the type of catalyst that may not have a large headline impact, but it will seep into the consciousness of large market participants and subtly shape their behavior in the months to come.

(1/2, Continued below)

[yuga.eth 🛡 @yugacohler]

Few understand how massive this announcement is.

About 20% of the entire internet runs on Cloudflare.

And they are partnering with Coinbase to drive adoption of x402 as the internet-native payment standard.

We’re in a new era of crypto.

[tobi @tobific]

BASE team leaking the airdrop criteria left &amp; right:

[b0xser ⚡️👊💎 @b0xser]

@KoroushAK Yes

[Ted @TedPillows]

This is one of the scariest charts out there.

The S&amp;P 500 has touched the upper trendline resistance for only the 3rd time ever.

The last 2 instances it happened led to the 1929 Great Depression and the 2008 financial crisis.

Should we be worried?

[BITCOINLFG® @bitcoinlfgo]

THAILAND JUST WENT FULL BULL 🇹🇭

THAILAND HAS JUST APPROVED A 0% CAPITAL GAINS TAX FOR #BITCOIN AND CRYPTO TRADES 🚀

[b0xser ⚡️👊💎 @b0xser]

Dumpfun

[camol @camolNFT]

Only 340 tokens EVER deployed on pumpfun currently have a MC higher than $100k 😭😭😭

[Adam Back @adam3us]

LFG print time

[Insiderwave @insiderwave_]

Coming soon.

Engage with this post for a chance to get access to beta.

Notifications on.

👀👀👀👀

[Bob Loukas 🗽 @BobLoukas]

Bitcoin dominance is in the freefall stage of the 4YR Cycle. Late Cycle behavior. Don't see why this would change into year end.