A victim (0xcB80) lost $50M due to a copy-paste address mistake.
Before transferring 50M $USDT, the victim sent 50 $USDT as a test to his own address 0xbaf4b1aF...B6495F8b5.
The scammer immediately spoofed a wallet with the same first and last 4 characters and performed an address poisoning attack.
Since many wallets hide the middle part of the address with "..." to make the UI look better.
Many users often copy the address from transaction histories, and usually only check the starting and ending letters.
This victim likes to do the same.
When transferring the remaining 49,999,950 $USDT, the victim copied the fake address from his transaction history.
As a result, 49,999,950 $USDT was sent straight to the scammer.
A painful lesson!
Always double-check the address before making a transfer.
Don't copy addresses from your transaction history for convenience.
Source:
https://t.co/OyvV5xps51
@3commas From a $999 "lifetime" plan, given 1 month notice and then unilaterally downgraded to a paid plan
3commas again wants to screw over the subscribers who stood by them despite the dec 2022 API leak (that caused many to lose $$)
Keep this up, you won't have any new subscribers!!!
@3commas From a $999 "lifetime" plan, given 1 month notice and then unilaterally downgraded to a paid plan
3commas again wants to screw over the subscribers who stood by them despite the dec 2022 API leak (that caused many to lose $$)
Keep this up, you won't have any new subscribers!!!
@3commas Why we’re ending legacy plans
We want to be very open about why this is happening:
The platform has grown a lot since the old plans were created, with many new features added
@3commas Because of that, maintaining those legacy plans takes extra resources from our team, and those resources are better spent building new features and improvements for everyone
Binance’s announcement with USD1 may read like a friendly partnership, but underneath it lies a long-brewing, inevitable “war for financial independence.”
Cooperation on the surface — rebellion in essence.
Chapter 1: The Coronation — Zero-Friction Conversion and the Claim of Ecosystem Sovereignty
Binance’s first move is essentially a coronation ceremony for its new cornerstone asset.
By removing the first barrier to entering USD1 — zero trading fees for USD1/USDT and USD1/USDC — Binance dismantles the psychological and cost-related wall that once limited capital inflow.
Previously, converting mainstream stablecoins into USD1 came with friction, and that friction discouraged large-scale migration.
Now, the floodgates are open. USDT and USDC reserves can pour into USD1 without any loss, just like water flowing downhill.
The deeper message is clear:
Binance doesn’t want USD1 to remain just another medium of exchange — it wants USD1 to become the ultimate value carrier inside its ecosystem, paving the way for lending, yield, derivatives, and every on-platform financial scenario.
It is a declaration of expanding ecosystem sovereignty.
Chapter 2: Gates Wide Open — Liquidity Migration and the Birth of a New Value Standard
Next, Binance launched core pairs like BNB/USD1 and BTC/USD1, again offering zero fees for VIP users and market makers.
This is a highly strategic opening move.
In effect, Binance is announcing:
“The official fast lane is ready — cheaper, deeper, and priority-supported.”
Zero fees are the strongest magnet for liquidity.
They will pull the platform’s most active traders and market-making capital away from traditional USDT pairs and into USD1 trading lanes.
The endgame is for USD1 pairs to become the deepest and most stable order books on the platform — the default choice for large transactions.
This isn’t merely adding an alternative.
It’s rewriting user habits and quietly placing USD1 on the throne as the new unit of account within the Binance ecosystem.
Chapter 3: The Transfer of Mandate — BUSD’s Abdication and the Shift of Strategic Assets
Then came a symbolic but monumental gesture:
All Binance-Peg BUSD will be redeemed 1:1 into USD1.
BUSD was once Binance’s flagship stablecoin — the vessel for its earliest financial ambitions.
Redeeming it at a full 1:1 doesn’t simply close a chapter; it performs a complete transfer of legitimacy and accumulated trust.
USD1 inherits BUSD’s user base, its credibility, and its strategic positioning across the ecosystem.
The message is unmistakable:
USD1 is not only the successor — it is expected to surpass BUSD’s previous scale, which once exceeded tens of billions of dollars.
Chapter 4: The Final Trial — The Ultimate Seal of Approval in Margin Collateral
The “1011 incident” taught Binance a brutal lesson:
Any asset that risks de-pegging is a systemic threat when used as margin collateral.
That’s why assets like WBETH were decisively removed from the margin list.
Against that backdrop,
adding USD1 as margin collateral is a monumental vote of confidence.
It signals that after the strictest evaluation, Binance considers USD1’s stability on par with USDT and USDC — reliable enough to support the entire derivatives empire.
This reflects a shift in Binance’s risk philosophy:
from ecosystem expansion to protecting the core at all costs.
The margin list is effectively a security whitelist, and placing USD1 on it means entrusting it with the platform’s operational lifeline.
Why USD1 Had to Be Created
Because Binance has long been constrained by USDT.
USDT is like air and water — indispensable, everywhere — yet it returns nothing to the exchanges that sustain it.
Binance must provide deep liquidity for it, while receiving no share of value in return.
It’s like letting a landlord live in your house rent-free, and still having to maintain it.
USDC is even worse from Binance’s perspective:
It is the weapon of a direct competitor, Coinbase. Supporting USDC means empowering an adversary.
As for BUSD, regulatory pressure forced its decline, leaving Binance in a deadlock:
Reliance on others is risky,
Supporting competitors is unsustainable,
Its own stablecoin was crippled.
In that context, USD1 is not merely an option —
it is the only answer.
@worldlibertyfi@ZachWitkoff@zakfolkman@0xDylan_@ryanfang95
#USD1 $WLFI $DOLO $B $EGL1 $Liberty $Sahara $ALTS $1 #1coin $SPSC
Not many tokens have momentum on BSC rn but this one does
@heyibinance recently posted a photo with her white horse, which is a good symbolism with 2026 being the year of the horse in Chinese zodiac cycle
~4m, highest volume of its marketcap range
I spent 100’s of hours writing research on tether for @Citi.
@CryptoHayes missed a few key points.
1) 𝐓𝐡𝐞𝐢𝐫 𝐝𝐢𝐬𝐜𝐥𝐨𝐬𝐞𝐝 𝐚𝐬𝐬𝐞𝐭𝐬 =/ 𝐚𝐥𝐥 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐚𝐬𝐬𝐞𝐭𝐬
When tether generates $ they have a separate equity balance sheet which they don’t report publicly. The numbers they disclose are under a ‘matching’ philosophy; they’re just showing you how their reserves are backed.
The equity balance is sheet is made up of equity investments, mining operations, corporate reserves & possibly more BTC, with the rest distributed as dividends to shareholders.
2) 𝐓𝐡𝐞𝐲’𝐫𝐞 𝐡𝐢𝐠𝐡𝐥𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞𝐢𝐫 𝐞𝐪𝐮𝐢𝐭𝐲 𝐢𝐬 𝐯𝐚𝐥𝐮𝐚𝐛𝐥𝐞. 𝐓𝐡𝐞𝐲 𝐜𝐚𝐧 𝐬𝐞𝐥𝐥 𝐞𝐪𝐮𝐢𝐭𝐲 𝐭𝐨 𝐜𝐨𝐯𝐞𝐫 𝐚𝐧𝐲 𝐠𝐚𝐩𝐬 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐛𝐚𝐥𝐚𝐧𝐜𝐞 𝐬𝐡𝐞𝐞𝐭.
Tether has ~$120bn in interest yielding treasuries which have been yielding ~4% since 2023. That’s ~$10bn in liquid PnL with little cost (150 employees), making it one of the most efficient cash generating businesses in the world.
I’m guessing this would make their equity worth somewhere in the $50-100bn range. Although they’ve reported they’re looking to raise $20bn for 3% which would put them at ~$500bn+ valuation. Probably won’t materialise, and likely overvalued, but still highly valuable equity.
3) 𝐁𝐚𝐧𝐤𝐬 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐨𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐥𝐨𝐰𝐞𝐫 𝐟𝐫𝐚𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐫𝐞𝐬𝐞𝐫𝐯𝐞𝐬. 𝟓-𝟏𝟓% 𝐨𝐟 𝐛𝐚𝐧𝐤 𝐝𝐞𝐩𝐨𝐬𝐢𝐭𝐬 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬, 𝐭𝐡𝐞 𝐨𝐭𝐡𝐞𝐫 𝟖𝟓%+ 𝐚𝐫𝐞 𝐡𝐞𝐥𝐝 𝐢𝐧 𝐬𝐢𝐠𝐧𝐢𝐟𝐢𝐜𝐚𝐧𝐭𝐥𝐲 𝐦𝐨𝐫𝐞 𝐢𝐥𝐥𝐢𝐪𝐮𝐢𝐝 𝐚𝐬𝐬𝐞𝐭𝐬.
Tether is different but holds similar qualities to a Bank in this regard, and is significantly better collateralised. A key difference is banks are backed by Lender of last resort (Central Bank) but Tether is not.
TLDR: Tether isn’t going insolvent, quite the opposite; they own a money printing machine.
BWENEWS: PORT3 token hacked, hacker minted 1B token and dumping on market right now https://t.co/MOnxwNwfa6
方程式新闻: PORT3 代币遭黑客攻击,黑客铸造了 10 亿枚代币并正在市场上抛售
$PORT3 MarketCap: $19M
(Auto match could be wrong, 自动匹配可能不准确)
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TOP5 RECIPIENT OF THE METEORA AIRDROP: TRUMP
Three of the addresses involved with the TRUMP team just received a $4.2 Million airdrop of $MET.
The developer address, and two addresses that provided extensive liquidity for TRUMP on day 1. All 3 addresses just deposited the entire airdrop to OKX.