ScottyCrypten

I'm just a simple pre-rich guy who has never made money with stocks or crypto

Got a few followers, and they're all bots!

[Daniel Roberts @danroberts0101]

𝐓𝐡𝐫𝐞𝐞 𝐋𝐚𝐲𝐞𝐫𝐬. 𝐎𝐧𝐞 𝐂𝐨𝐦𝐩𝐨𝐮𝐧𝐝𝐢𝐧𝐠 𝐀𝐝𝐯𝐚𝐧𝐭𝐚𝐠𝐞. 𝐓𝐡𝐞 𝐈𝐑𝐄𝐍 𝐓𝐡𝐞𝐬𝐢𝐬.

There's been a lot happening at IREN recently.

Expansion across North America, Europe and Asia-Pacific.

The NVIDIA partnership.
The Mirantis acquisition.
New GPU deployments.
New customer discussions.
A growing global footprint.

Underneath all of it is a fairly simple view of where the world is heading, and a deliberate strategy for how we position IREN within it.

That strategy is built on three layers. Together, they compound into a structural advantage that gets harder to replicate every quarter we execute.

Layer 1: Physical infrastructure. Power, land, substations, data centers, cooling. The foundation that everything else sits on.

Layer 2: Compute infrastructure. The GPUs, servers and networking that go inside those buildings. Deployed at scale. Generating revenue. Building execution track record.

Layer 3: Software and operational capability. The orchestration, deployment tooling and enterprise expertise that makes the first two layers work harder for customers, and opens the door to a broader, higher-value market over time.

Layers 1 and 2 are where the overwhelming majority of IREN's value is being created today. Layer 3 is where that advantage compounds further over time, but only because Layers 1 and 2 are built, owned and controlled at scale by IREN, not subscale nor contracted from a third party.

Think of Amazon. They didn't win e-commerce by building a great website. They won it by controlling the fulfilment infrastructure at a scale nobody else could replicate. The foundation you don't control becomes the ceiling on your business.

That is exactly how we think about IREN. The physical infrastructure - the land, the power, the substations, the data centers - is owned and controlled by us. The compute deployed into it generates the revenue and execution track record. And the software, orchestration and enterprise capability we are more methodically building on top is what turns the total product into a vertically integrated AI Cloud platform that compounds over time and deepens into a competitive moat.

AI is still early. The bottleneck is increasingly physical. And we have spent eight years building the foundations.

[ScottyCrypten @CryptenScotty]

@MrTinvests may I ask your thoughts on $IREN short-mid-long term? Tks

[ScottyCrypten @CryptenScotty]

@TheLongInvest $BRK.B

[ScottyCrypten @CryptenScotty]

@TheProfInvestor moreover we are completely out of the BB on the W. we should definitely consider a pull back before thinking about a new ATH. That's my opinion!

[ScottyCrypten @CryptenScotty]

@TheProfInvestor I disagree because of the huge overbought RSI on the W and because of the orrible close of last W candle + the bearish sentiment. $AAOI

[ScottyCrypten @CryptenScotty]

@Biharanire0 @grok is this real?

[ScottyCrypten @CryptenScotty]

@heynavtoor @OboteSan have a look!

[ScottyCrypten @CryptenScotty]

@TimurNegru If ur wife has that boobs it’s fine to me!

[ScottyCrypten @CryptenScotty]

@TedPillows Different reaction tho!

[ScottyCrypten @CryptenScotty]

@Prof_heist He is just an idiot who doesn’t know that the entire gloroious USA ecosystem has a “made in China” on the label!

[ScottyCrypten @CryptenScotty]

@StockPatternPro That’s exactly my target🫶🏽

[OG General @TheOG_General]

Found this we should make a flag !

[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.

[ScottyCrypten @CryptenScotty]

@TheMoonCarl Put like that, though, I really wouldn’t know what’s better to hope for, dude!!!!!

[ScottyCrypten @CryptenScotty]

@alldayerrydayok @kcdanyoung @Mr_Derivatives This is my opinion about $GLD tbh. RSI so overbought and on the year chart it looks at the very top. Let's see. Thinking that $BTC will follow a bit the run of Gold, but then a big period of sideways or downtrend for both.

[ScottyCrypten @CryptenScotty]

@Mr_Derivatives This is my opinion about $GLD tbh. RSI so overbought and on the year chart it looks at the very top. Let's see. Thinking that $BTC will follow a bit the run, but then a big period of sideways or downtrend for both. What do you think @Mr_Derivatives?

[ScottyCrypten @CryptenScotty]

@alldayerrydayok @kcdanyoung @Mr_Derivatives I agree but just in part. The first one you said. At the moment more than 50% of the entire world is still based on dollars. Quite hard to replace it in few yrs imo, same for btc and gold at the moment is quite overbought. On the M rsi it’s overbought like it was in 1980’s.

[ScottyCrypten @CryptenScotty]

@kcdanyoung @alldayerrydayok @Mr_Derivatives mate the bubble is $GLD not the stock mkt!

[ScottyCrypten @CryptenScotty]

@Prof_heist Don’t miss $glxy Prof!!

[ScottyCrypten @CryptenScotty]

Today there is just ONE name to mention:

$UNH 😍🚀🙏🏼