1/8
The public’s done with Binance’s fake flex. They vibe with the market pulse & know the scams were cooked. No more excuses—let’s expose it! #BinanceScam#CryptoUnveiled@FBI@SECGov
The ticker is $nat
40M mkt cap
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Hello
@grok
Do you know who was the most famous person (with the most followers) who visited my profile? They don’t have to be mutual. Don’t tag them, just say who it was.
Hey
@grok
According to your analysis from the last 365 days, name 10 accounts in sequence who frequently visit my profile. Don't mention the person, just @.username and the rate of number of times a month visit the profile.
OKX EXCHANGE CEO BLAMES BINANCE "LEVERAGE LOOP" FOR CATASTROPHIC 10/10 MARKET COLLAPSE
Star Xu, Founder of OKX, argues that the 10/10 crash was a man-made crisis fueled by Binance’s aggressive push for market dominance.
The trouble began when Binance officially integrated USDe, an external 'stablecoin', directly into its core financial plumbing.
Binance launched a massive marketing campaign offering a 12% APY just for holding USDe, specifically to lure users away from competitors like USDT or USDC with much stronger track records.
Critically, Binance allowed USDe to be used as collateral for high-stakes futures and margin trading, treating it with the same trust as actual cash.
While Binance marketed it as a "stable" reward-bearing asset, USDe is actually a complex "synthetic dollar" that carries the structural risks of a hedge fund.
Binance’s system enabled a dangerous "leverage loop": users used USDe as collateral to borrow USDT, then used that USDT to buy even more USDe.
This recursive cycle on Binance’s platform inflated returns to 70%+, creating a massive bubble of hidden debt that was invisible to everyday investors.
By October 10th, Binance’s internal market was so over-leveraged that it had become a "powder keg" waiting for a spark.
When the market dipped, a large institution on Binance was liquidated, forcing the system to dump massive amounts of USDe at once.
Because Binance’s internal "oracle" (price feed) failed to keep up with the crash, the price of USDe on the exchange plummeted to $0.60, while remaining stable elsewhere.
This "depeg" on Binance triggered a catastrophic chain reaction of $20 billion in liquidations, wiping out traders who thought their collateral was safe.
Star notes that this event proved how an exchange's own marketing and technical flaws can cause a global market meltdown.
Star believes the industry must stop allowing exchanges to run "short-term yield games" that put the entire ecosystem at risk.
He argues that as world's largest exchange, Binance failed its responsibility to prioritize market stability over aggressive user acquisition.
He expects Binance supporters to attack him with FUD, but insists that calling out these "winner-take-all" tactics is necessary.
For those of you who held Bitcoin in cold storage, you had nothing to worry about.
🚨WARNING BY ETHEREUM FOUNDER
Vitalik Buterin says if crypto becomes 100% speculation with no real use and people are only gambling, “THIS INDUSTRY WILL DIE.”
just claimed my @basedappcom Press Pass
feels like one of those be early or hear about it later things
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