"Solana has their own phone because you literally store your money on there now. Your money is digital, on a blockchain. A competitive market is emerging for who's building the most secure phone" - @yrschrade talking privacy on the @TuckerCarlson show
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RTGs are finally live
this has been months of work behind the scenes and i'm genuinely proud of what we've built. it was all a massive team effort
wave 1 recognition went out to the members who have shown up consistently and built real relationships and personal alignment within the <encrypted> community
what's great about the RTG system is it gives us flexibility we have never had before. we can branch into different mediums, theme specific content, partner with other platforms, and be intentional behind every activation. it is not a farming opportunity, it is the continuation of a very solid foundation
eligbility for wave 1 was carefully curated. i went through thousands of profiles personally. the process of course was not perfect, but i'm confident in the individuals that were recognized and did my due diligence over some AI or umbrella method to determine eligibility
see what we are building within this community is something truly special and unique. Arcium and its ecosystem are going to be some of the most groundbreaking unlocks this space has ever seen. we do not plan to exist for the short-term. this is a foundation set for years down the line
if you weren't part of wave 1, there's plenty of opportunity in wave 2. explore the RTGs, find what aligns with you, and dive into the <encrypted> information. this isn't about gaming a system, it's about finding your niche as a creator, deep thinker, artist, or even developer and building something real
we said encrypted, not extracted. this is us following through on that
<accelerate>
The RTG Platform and Portal went live yesterday.
Are you decrypted or encrypted?
Check your status and explore more RTG opportunities here: https://t.co/3KR3lZxpiJ
The only thing I’ll be talking about on X for the foreseeable future is privacy.
Nothing in crypto has more asymmetric upside.
Privacy is massively underbuilt, underdiscussed, and misunderstood.
It’s the last true 1,000×, and I’m here to cover it.
No complexity. No accident.
10/10 was caused by irresponsible marketing campaigns by certain companies.
On October 10, tens of billions of dollars were liquidated. As CEO of OKX, we observed clearly that the crypto market’s microstructure fundamentally changed after that day.
Many industry participants believe the damage was more severe than the FTX collapse. Since then, there has been extensive discussion about why it happened and how to prevent a recurrence. The root causes are not difficult to identify.
⸻
What actually happened
1.Binance launched a temporary user-acquisition campaign offering 12% APY on USDe, while allowing USDe to be used as collateral with the same treatment as USDT and USDC, and without effective limits.
2.USDe is a tokenized hedge fund product.
Ethena raises capital via a so-called “stablecoin,” deploys it into index arbitrage and algorithmic trading strategies, and tokenizes the resulting fund. The token can then be deposited on exchanges to earn yield.
3.USDe is fundamentally different from products such as
BlackRock BUIDL and Franklin Templeton BENJI, which are tokenized money market funds with low-risk profiles.
USDe, by contrast, embeds hedge-fund-level risk. This difference is structural, not cosmetic.
4.Binance users were encouraged to convert USDT and USDC into USDe to earn attractive yields, without sufficient emphasis on the underlying risks. From a user’s perspective, trading with USDe appeared no different from trading with traditional stablecoins—while the actual risk profile was materially higher.
5.Risk escalated further as users:
•converted USDT/USDC into USDe,
•used USDe as collateral to borrow USDT,
•converted the borrowed USDT back into USDe,
•and repeated the cycle.
This leverage loop produced artificial APYs of 24%, 36%, and even 70%+, widely perceived as “low risk” simply because they were offered by a major platform. Systemic risk accumulated rapidly across the global crypto market.
https://t.co/IK2gW4xUOP that point, even a small market shock was sufficient to trigger a collapse.
When volatility hit, USDe depegged quickly. Cascading liquidations followed, and weaknesses in risk management around assets such as WETH and BNSOL further amplified the crash. Some tokens briefly traded near zero.
The damage to global users and companies—including OKX customers—was severe, and recovery will take time.
⸻
Why this matters
I am discussing the root cause, not assigning blame or launching an attack on Binance. Speaking openly about systemic risks is sometimes uncomfortable, but it is necessary if the industry is to mature responsibly.
I expect there may be significant misinformation and coordinated FUD directed at OKX in the near future. Even so, speaking honestly about systemic risk is the right thing to do—and we will continue to do so.
As the largest global platform, Binance has outsized influence—and corresponding responsibility—as an industry leader. Long-term trust in crypto cannot be built on short-term yield games, excessive leverage, or marketing practices that obscure risk.
The industry needs leaders who prioritize market stability, transparency, and responsible innovation—not a winner-take-all mentality where criticism is treated as hostility.
Crypto is still early.
What we choose to normalize today will determine whether this industry earns lasting trust—or repeats the same mistakes again.
@hrithikk@Gautamguptagg scammed millions of dollars in last few years ( since 2022 ) so this's definitely not an amateur scammer lol
btw this scammer usually deposit fund to CEXs, can they do something like freeze the fund?
@HTX_Global
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