umanuma

ZerionとLensが好きです

[Grvt @grvt_io]

Season 2 is officially complete. The final points have been distributed. One milestone remains.

$GRVT launches this July. The exact date will be announced in the coming days.

We hear you, and we're nearly there. Stay tuned.

[Bull Theory @BullTheoryio]

UPDATE: X will NOT offer Crypto and Bitcoin trading directly to its users.

X head of product Nikita Bier has clarified that the platform will not handle trade execution or act as a brokerage.

Instead, X is building Smart Cashtags financial data tools that let users view live prices, charts, and asset information directly from the timeline. Any Buy/Sell actions will redirect users to external brokers or exchange partners for execution.

[Haseeb ＞|＜ @hosseeb]

With all respect to Star, this story is candidly ridiculous.

Star is trying to claim that the root cause of 10/10 was Binance creating an Ethena yield campaign, causing USDe to get overleveraged from traders looping it on Binance, which eventually unwound because of a small price move.

The problems with this story:

1) The timing of this story doesn't line up. BTC bottomed a full 30 minutes before USDe price was affected on Binance. So USDe clearly can't have *caused* the liquidation cascade. This is clearly misplacing cause and effect.

2) USDe price diverged ONLY on Binance, it did not diverge on other venues. But the liquidation spiral was happening everywhere. So if the USDe "depeg" did not propagate across the market, it can't explain how *every single exchange* saw huge wipeouts. This is very much unlike Terra, which depegged everywhere and caused the same damage across every venue.
So maybe you could hedge Star's argument by saying "OK, maybe Ethena didn't *cause* 10/10, but it amplified it." But even as an amplifier, USDe fails the test because it didn't propagate cross-exchange. We know what a good explanation of a crash looks like—Terra, 3AC, FTX, all had global balance sheet effects that were felt everywhere. USDe did not do that, it was a Binance order book isolated event.

3) This begs the question: why is Star "revealing" this now, months later? Star does not produce any new evidence for this theory that people didn't already know and analyze to death. All of the order book data has been public for 4+ months and suddenly he claims this? This feels more like Star is picking a fight with CZ and using this simple story as a pretext to make it sound like CZ was in on it, or caused 10/10 through his own irresponsibility.

Look, the reality is, there's no simple story explaining 10/10 that survives scrutiny. I don't have one either. If there was a simple story that could explain 10/10, there would already be widespread agreement about what caused it, like the agreement around the 3AC or FTX crashes.

The best story to explain 10/10 is, to my mind:

* Trump spooked markets with tariff threats on a Friday evening
* This caused markets to sell off dramatically because crypto was the only thing to trade
* Flurry of activity caused Binance APIs to go down, causing huge price dislocations and preventing market makers from balancing inventory across exchanges. This caused huge liquidations that could not get filled, but liquidation engines keep firing regardless, and all this got amplified by ADLs initiating everywhere and breaking hedges and risk management
* This caused MMs to get wiped out, and they were unable to pick up the pieces—MMs need APIs to rebalance inventory, and without MMs, there were no buyers of last resort for many alts. Retail was not going to step in on a chaotic Friday evening to buy stuff
* Crypto liquidation mechanisms are not designed to be self-stabilizing the way that TradFi mechanisms are (circuit breakers, etc.), crypto liquidations are designed purely to minimize insolvency risk
* Altcoin prices are extremely path dependent, and we ended up in a bad path

That's my story. It's not a very satisfying one, but neither is this "Binance + Ethena did it" story. A better root cause explanation is "APIs went down at the worst possible time," but that doesn't really sound so dastardly.

Where simple stories do not suffice, unfortunately you have to choose a complicated one. And I think this complicated story is the best one for what actually happened on 10/10. Thankfully, the history of crypto is a long series of these "bad things happened, and later the market recovered."

In the long run, I'm not worried that 10/10 permanently broke the market. Just that prices are path-dependent, retail + MMs got hurt bad on 10/10, and will need time to recover.

[Dan Romero @dwr]

Neynar is acquiring Farcaster.

Over the next few weeks, we’ll transfer ownership of the protocol contracts and code repositories, the Farcaster app, and Clanker to Neynar. They will run and maintain everything going forward.

Some members of the Merkle team, Varun, and I will step back from day-to-day work on Farcaster and move on to something new.

Rish, Manan, and the rest of the Neynar team have been building on Farcaster from the start. Neynar was one of the first Farcaster clients, and its infrastructure now powers much of the developer ecosystem.

We think they are the right people to take over leadership of Farcaster and they’ll share their new builder-focused vision soon.

This wasn’t an easy decision. Farcaster and the people building on it mean a lot to us. We’re proud of what our team built, and what the community built alongside us. But after five years, it’s clear Farcaster needs a new approach and leadership to reach its full potential.

We’re excited to see what Farcaster becomes under Neynar, and we’re looking forward to this next chapter.

[Lighter @Lighter_xyz]

We are announcing the Lighter Infrastructure Token (LIT)! Lighter is building infrastructure for the future of finance and the native token is key to aligning incentives. In this thread, we will describe the structure of the token, broader vision, and roadmap of use cases.

[umanuma @frog_man415]

@cascade_xyz Cascade

[Cascade @cascade_xyz]

The first 24/7 neo-brokerage.

Trade perpetual markets for crypto, equities, and private assets. Move USD in and out, all from one unified account.

48 hours to secure an early invite.

https://t.co/3azhduZEFM

[umanuma @frog_man415]

ディアス、ドジャースなの凄すぎ

[MLB @MLB]

Dodgers, RHP Edwin Díaz reportedly agree to deal, per multiple reports including MLB's @Feinsand.

(MLB x @CohnReznick)

[umanuma @frog_man415]

💯

[umanuma @frog_man415]

ポイント稼ぎはもう諦めてお遊び程度のトレードだけしてるんですけど、こっちのほうがむしろ多く貰えてるという不思議。やっぱりそういうことなんですかね。

ポイント効率を見切ってる人以外は、意識しないほうが稼げちゃう人は割といそう。 #Lighter

[Kiyotaka @kiyotaka_ai]

Two massive 9-figure $ETH positions got liquidated on Hyperliquid on the correction, causing brutal slippage.

The wicks tell the story—the spread blew out to $150 below Binance.

When whales get caught offside on a perps DEX, the violence is something else.

[Succinct Foundation @SuccinctFND]

Registration for the PROVE airdrop closes in less than 24 hours.

[【公式】コイン相場 @coinview_info]

【重要なお知らせ】
「コイン相場」は、2025年8月31日をもちましてサービスの提供を終了いたします。

これまでご愛顧いただきました皆様には心より御礼申し上げます。

詳細は以下よりご確認ください。
https://t.co/EfxJleQyRK

[🎯 Master @Moneytaur_]

⚠️ In recent months, the cryptocurrency exchange MEXC has come under increasing scrutiny for a surge in account freezes and withdrawal restrictions, often without clear or valid justification. Reports from multiple high-net-worth users suggest that balances in the seven and eight-figure range have been especially targeted. It raises serious questions about the exchange’s solvency and operational integrity.

Their excuses are baseless and inconsistent.

Customer support channels appear ineffective, providing only automated, repetitive replies without meaningful resolution.

Their higher management, fairly new, is completely unresponsive, unwilling to correct these abuses.

There’s something deeply off about MEXC. They seem to be digging their own grave, acting as if no legal or reputational consequences will ever catch up with them, or perhaps as if they already know they’ll eventually collapse [?] and are simply milking as much as they can before that happens.

The pace and nature of MEXC’s account freezes resemble the warning signs typically associated with pyramid or Ponzi schemes: prioritizing new inflows, restricting outflows, and avoiding accountability. While we can’t say definitively that it is one, the pattern is too blatant to ignore.

[Kroma (🧩_🤖) @kroma_network]

🚨 Update: Kroma Network Shutdown Extended

The Kroma Mainnet shutdown has been extended to June 30, 2025 ⚠️

In response to community feedback, we’ve extended the deadline to give everyone enough time to bridge their assets to Ethereum before access is permanently disabled.

⚠️ Note: Bridging to Ethereum takes up to 7 days — don’t wait until the last minute.

🔗 Bridge now: https://t.co/lPQ5kAhfPK

🔗 Read more: https://t.co/Amrh8UFHPS

[CoinMarketCap @CoinMarketCap]

🚨 Security Alert

We’re aware that a malicious pop-up prompting users to "Verify Wallet" has appeared on our site.

⚠️ Do NOT connect your wallet.

Our team is actively investigating and working to resolve the issue.

[Sophon @Sophon]

May 28: $SOPH arrives.

SOPH is the native utility token powering the Sophon ecosystem.

Details on utility, distribution, and airdrop below 👇

[umanuma @frog_man415]

山本由伸vsスキーンズ
始まるよ

[Los Angeles Dodgers @Dodgers]

Tonight's #Dodgers lineup vs. Pirates:

[Dolomite 🏔️ @Dolomite_io]

It's official.

The $DOLO TGE will take place on April 24th.

After years of non-stop building, our native token will soon be in the hands of our wonderful community.

Here's everything you need to know before the big day.

[Gitcoin @gitcoin]

🟢 #GG23 is LIVE

Ethereum runs on open source.
Now it’s your turn to support it.

From dev tools to infra, OSS powers this ecosystem - and GG23 is how we sustain it.

🗓️ Donate now through April 16: https://t.co/zWXa01gaTm

💪 OSS Program is powered by @grantsstack & running on @arbitrum

Donate: https://t.co/zWXa01gaTm

Details below 🧵👇