Exclusively on Binance Wallet: the Catapult Trade campaign is now live
🎁 Join to earn your share of a 1,666,667 PULT token reward pool
📜 Campaign Period: June 24th 15:00 UTC – July 1st 23:59 UTC
Details in comment!
1,666,667 $PULT up for grabs
Catapult Trade x @BinanceWallet are running a 7-day social airdrop campaign open to Binance Wallet users. 10,000 participants will be selected to share the full reward pool, with each winner receiving an equal cut.
To qualify, you need to complete social campaign tasks.
Selection is based on Binance Chain Hash Value, so the process is transparent and on-chain.
$PULT tokens will be distributed to winners by Binance shortly after token launch.
Campaign window: June 24th 2026 - July 1st 2026
Full details on participation: https://t.co/m92wgWg4lm
Nesa × @BinanceWallet Booster Campaign is here!
Entry: Binance Wallet App -> Homepage Banner OR Discover -> Booster -> Nesa Booster Campaign
Rewards: 1,000,000 NES for 50,000 Winners
Start: June 23 04:00 UTC+0
End: June 24 03:59 UTC+0
Eligibility: Binance Keyless Wallet users with at least 2 Alpha Points
Join Nesa as it powers the largest decentralized AI ecosystem backed by a privacy-first Layer 1 serving the Fortune 500.
This feels wrong on so many levels.
@piggybank_fi used a 'Long Spot / Short Perp' strategy, but not the way you should and how they explain in their own documentation.
The result: Heavy losses (with the exact outcome yet to be known).
This is my breakdown of the situation 👇
▶️ WHAT HAPPENED?
Piggybank invested $100,000 (approximately 2% of its portfolio at the time) in a mid-cap basis trade. However, instead of buying the underlying asset on the liquid market, it acquired locked $LAB tokens at a discount through an OTC (over-the-counter) desk. A perpetual short position was opened as a hedge.
The problem: The $LAB token experienced severe price manipulation, low liquidity, and deeply negative funding rates. This made maintaining the short position (hedge) too expensive and "economically irrational."
Piggybank had to close the short position to limit the risk of further losses. However, since the purchased $LAB tokens are locked until August 14, the spot position could not be sold at the same time. Piggybank was thus left holding an unhedged, illiquid position.
▶️ COULD USERS EXPECT SUCH A TRADE?
The documentation describes classic, market-neutral basic trades. In a standard "Long Spot / Short Perp" trade, both trading positions (spot and perp) must be liquid. Only then can the protocol liquidate the hedge and the spot position simultaneously and with minimal loss under extreme market conditions, such as strongly negative funding rates.
Although the documentation explicitly names "mid-cap tokens" as the underlying asset, it mentions neither OTC transactions nor the purchase of locked tokens. By acquiring illiquid tokens, the underlying trade lost its most fundamental characteristic: the ability to liquidate risk immediately and symmetrically. This OTC approach transformed what was essentially a market-neutral yield strategy into an asymmetric liquidity risk, which was neither covered nor communicated in the documentations.
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Teen Jack status: 1.0947 ETH gas spent, 490 Beans earned—supporting the Gasless Future!
Claim your Gas ID at https://t.co/xnikJxWueL
Seeker Airdrop is Live!
We’re thrilled to announce a special airdrop for @solanamobile users.
All Seeker wallets are eligible to claim up to 2,000 $MATTLE + 300,000 Mattle Points.
Drop your .skr wallet below and follow the simple steps 👇