hohocendol

Blessed; Looking forward and learning always. LFG!

[CZ 🔶 BNB @cz_binance]

4. Sorry to disappoint. The WSJ article got the facts wrong.

More than 20 people have told me they were asked by the WSJ (and another media), "Can you confirm that CZ made some deal for a pardon?"

They probably asked hundreds of people to have 20 people reach out to me. In essence, they tried hard to make a story to report.

Fact: I have had no discussions of a Binance US deal with … well, anyone.

No felon would mind a pardon, especially being the only one in US history who was ever sentenced to prison for a single BSA charge.

Feels like the article is motivated as an attack on the President and crypto, and the residual forces of the "war on crypto" from the last administration are still at work.

I am always happy to make crypto great everywhere, US and the rest of the world.

It’s good to see that even WSJ thinks I should be pardoned. 😆🙏

[Balaji @balajis]

FROM MAGA TO CHINA
Here are four things MAGA is getting wrong, and why it's handing over the world to China.

(1) First, MAGA correctly understands that America’s economic position is in decline but thinks this is due to economic competition itself, rather than lack of competitiveness.

(2) Second, MAGA also understands that the US has wasted trillions abroad in foreign wars, but thinks the problem is global leadership itself rather than poor leadership.

(3) Third, MAGA knows that their Blue American enemies have allies abroad, but has incorrectly overreacted to this by treating every non-Red-American as an enemy.

(4) Fourth, MAGA sees the billions of dollars flowing from the US to foreign recipients, but isn't grasping that the US can only print those dollars in the first place so long as it's the hub of a global empire.

When you put these together you can both understand MAGA's actions and understand why they will not lead to the intended result.

Basically: MAGA is hyperfocused on cutting off any apparent flow of funds from Red Americans to Blue Americans and non-Americans. And they only have ~500 days in power. So they're trying to quickly shut off imports, close down institutions, and exit all wars.

OK.

Except the reason the imports exist in the first place is because US products aren't competitive relative to Chinese products (or Fed printing). The reason those institutions exist is because the US set them up to run the world. And the reason those wars are happening is not because of American leadership per se, but because of the absence of good leadership.

If you shut all of that down at once — if you abandon global competition and global leadership — you shut down American Empire, and with it the ability to print money. And then everyone in that empire has a very bad time.

[Pump.fun @Pumpfun]

we've regained access to this account. Based on current information, the extent of the compromise was limited to this X account.

TL:DR: the security protocols taken by the team to secure the X account were thorough, relied on industry best-practices, and focused on minimizing the risk of such an event occurring. the attack that led to this compromise is unknown, but it's unlikely that the team is at fault.

here are the facts:
- we were notified of the account compromise at ~15:20 UTC (February 26th 2025)
- no messages were sent to the email that is connected to the X account regarding any email/password/delegation/two-factor authentication (2fa) changes. usually when critical account information is changed, confirmation messages are sent to the account holder's email
- the email account connected to the X account was secured with 2fa (google 2fa app, unsynced with any email addresses)
- email logs confirm that no external actors ever had access to the email that is connected to the X account
- no delegations were made by the X account
- no phone numbers were connected to the X account
- the X account wasn't connected to any third-party apps
- 2fa was turned on for the X account. In particular, a physical security key and google 2fa (unsynced with any email addresses)
- the password to the X account has been changed regularly, and is managed by a secure password manager which can only be accessed with another password
- 2fa backups were physically written down and stored in a secure location. The people safeguarding this location confirmed that no one had access
- all passwords were complex, with sufficient length and using numbers, letters, and symbols
- at the time of the account compromise, only one person had access to the X account. this person did not click, interact, or engage with any suspicious links that could have led to this compromise
- onchain evidence compiled by @zachxbt suggests that the perpetrator of this attack was behind several other, similar attacks, like Jupiter and WIF. From his Telegram channel: "Notably for these attacks it is likely not the fault of either the Pump Fun or Jupiter teams. I suspect a threat actor is social engineering employees at X with fraudulent documents / emails or a panel is being exploited."

we will continue to monitor the situation and analyze any scenarios that could have taken place and report if there are any updates.

a big thank you to @zachxbt and the @X team for the rapid responses and support!

final reminder: @pumpdotfun or anyone affiliated with the brand (e.g. @a1lon9) would NEVER post a CA, a wallet address, or anything of that sort. Make sure to double check any information that you see with various sources before making any decisions.

stay safe out there!

[Luca Netz 🐧✳️ @LucaNetz]

Chain metrics that can’t be faked that actually matter:

1. App Revenue
2. Retention
3. Timeline virality

[Dolo 👁‍🗨 @e38]

I’m solution driven and people hate that cause folks sometimes just want to complain just to be heard & in my brain I’m calculating how to help fix their situation

[G | Ethena @gdog97_]

Rough last 24hrs for everyone involved. Firstly want to call out the response from @benbybit and the team. Don't think I've ever seen a team handle crisis communications as well as they did. Stood up to face the music immediately to provide transparent answers to the community. An example for us all to look up to.

Ethena handled the largest single day of redemptions and unwound all unrealised exposure to Bybit within an hour of the news breaking. In any event, the unrealised exposure at its peak was always a fraction of the excess reserves behind USDe. At no point was USDe undercollateralised despite Bybit representing >20% of the hedging exposure as the second largest derivative exchange in the world. Even if the unrealised exposure to Bybit had not been reduced to zero within the hour, this exposure could have been lost entirely and USDe would have still been overcollateralised.

We hope this event validates some of the design decisions that were made to reduce risk for our users using OES custody solutions. The easy design route was to avoid the costs and the added engineering complexity of custodians within our offchain hedging systems. But we don't make decisions because they are easy, we make decisions we think are right for our users in the long run.

It is not good enough to listen to me speak about how we mitigate for these risks in theory, often you need to see it play out in real time with your own eyes to have confidence it actually works at scale.

While in the short term this has been painful for many parties involved, I hope we have continued to build confidence and trust from our users on the go forward resilience of the model even in the face of extreme pressure. An event like this was often cited as the single biggest risk to USDe, and we have experienced zero loss to the backing or issues with regards to redemption requests.

We are in the process of providing a full write-up on the event to help answer any open questions which we will share via the @ethena account shortly.

[Ben Zhou @benbybit]

12 hr from the worst hack in history. ALL withdraws have been processed. Our withdraw system is now fully back to normal pace, you can withdraw any amount and experience no delays. Thanks for your patience and we are sorry that this has happened.
Bybit will come out with full incident report as well as security measurement in the next few days. I will also personally keep you all posted on any new updates. Thanks to all the clients, friends and partners who have helped and supported us during this excruciation 12 hrs.
The real work has just now started.

[DEGEN NEWS @DegenerateNews]

BREAKING: SEC ANNOUNCES CYBER AND EMERGING TECHNOLOGIES UNIT TO PROTECT RETAIL INVESTORS - TO COMBAT MISCONDUCT AS IT RELATES TO SECURITIES TRANSACTIONS IN PRIORITY AREAS SUCH AS FRAUD INVOLVING BLOCKCHAIN TECHNOLOGY AND CRYPTO ASSETS

[meow @weremeow]

As part of our quest to make $JUP the most transparent token in crypto and to improve token standards in our industry, we have conducted the second transparency audit explaining all key movements.

We’ve been posting and tracking the token flow since genesis, and over 2 audits, accounted for every single one of our tokens (except for 1 JUP) and consolidated tokens into recognized wallets.

It’s also my experience that every serious project should be doing this since launch - because it really does do a lot to build trust with the community and eliminate worries about manipulations etc.

If FTT had done this for example, there’s simply no way that the massive shockwave would have happened.

Also, even though we have probably been extremely through since launch, it’s still really hard to reconcile everything - so i really do strongly encourage teams to do public audits regularly.

[JD Vance @JDVance]

Here’s my view:

I obviously disagree with some of Elez’s posts, but I don’t think stupid social media activity should ruin a kid’s life.

We shouldn’t reward journalists who try to destroy people. Ever.

So I say bring him back.

If he’s a bad dude or a terrible member of the team, fire him for that.

[Jupiter @JupiterExchange]

JUP is the most transparent token in crypto, period.

check out our latest transparency audit to see the 3B burn onchain, understand Jupuary, and get a picture of key stakeholders movements.

no one else does it like us tbh 👇

[DefiLlama.com @DefiLlama]

We built an airdrop checker to ensure that you never miss an claim period.

Enter a SOL or EVM address to see which airdrops you've qualified for.

Available on our airdrops page along with our list of tokenless protocols and claim links.

[Horse @TheFlowHorse]

Good post. HSC is locked so can't retweet.

[hohocendol @hohocendol]

@trading__horse Have we bottomed? Or more red to come

[Pierre Rochard @BitcoinPierre]

The best takedown of Ripple/XRP on this website.

It's not a cryptocurrency and has no use case 👇

[db @tier10k]

Trump Crypto Exec Order

Agencies are prohibited from establishing or promoting Central Bank Digital Currencies (CBDCs) within the U.S. or abroad.

A President's Working Group on Digital Asset Markets is established to recommend regulatory and legislative proposals.

The Working Group will propose a federal regulatory framework for digital assets, including stablecoins, within 180 days.

The Working Group will evaluate the potential creation of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government.

https://t.co/3WafDv6yLE

[mert @mert]

Folks, I launched the most beautiful Trump coin yesterday, absolutely beautiful. Everyone was saying "Sir, this is the greatest coin launch in history."

But then Melania - and listen, I love Melania, fantastic woman, used to be my favorite wife - she comes out with her own coin. Can you believe it? Very nasty move, very nasty. My coin was doing great numbers, the best numbers, and then BOOM - down it goes. People are saying it's the biggest betrayal since what Crazy Nancy did to Sleepy Joe. That was terrible, wasn't it? The Dems, I tell you folks, are just terrible people. Look what they have done to our country. This used to be a great country.

And you know what? I had a great call with my good friend Elon - brilliant guy, loves rockets, almost as smart as me - and he's got this fantastic rocket going to Mars.

Beautiful rocket, beautiful planet, red like my tie. And I said, "Elon, buddy, do you have room for one more passenger? I've got this problem here on Earth with my coin. I say we send Melania to Mars. She told me she always wanted to be a star."

And once she's gone - and this is the beautiful part - we're going to make cryptocurrency great again. No more spouse coins. Just pure, beautiful Trump coins. And believe me, the next wife - and there will be a next wife, maybe the best wife ever - she's going to sign a pre-launch agreement. Very strict, very legal, no other coins allowed!

[hohocendol @hohocendol]

@CurryKhoo curry the builder yes we can! good luck sir.

[Ki Young Ju @ki_young_ju]

U.S. uses Coinbase. The world uses Binance.