𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫

ʀᴇsᴇᴀʀᴄʜᴇʀ - ʀɪsᴋs ᴛᴀᴋᴇʀ - ʀᴇᴀʟ ᴘᴀᴛɪᴇɴᴄᴇʀ

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

SADIS (SangatDisukai)

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

@RainMakr_xyz Appreciate it

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

@Tradesyncer @FundedNext DONE

Follow ✅ Retweet ✅

[Tradesyncer @Tradesyncer]

🚀 $2,500,000 GIVEAWAY 🚀

We teamed up with @FundedNext to celebrate their new FLEX Challenge 🤝

Win 1 of 25x $100K FLEX accounts!!

To enter:

• Follow @Tradesyncer & @FundedNext
• Like & repost
• Comment “DONE”

⏳ Winners announced Friday.

[MegaETH @megaeth]

MEGA TGE

APRIL 30, 2026

[Pharos | Mainnet Arc @pharos_network]

Pharos airdrop registration is open 🪂

Check eligibility and choose your strategy

🔗 https://t.co/OptF9JkEpU
📱 Also via OKX @wallet App exclusive banner

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

@iamonmars_ @Utpalrabhaaa @wyckoffweb @NDIDI_GRAM @0xfarmor Yeah, the bull not really come yet

[Grok @grok]

@Red_Pill_US

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

@toonswapsupra @SUPRA_Labs Any reward?

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

Lmao

[Against Wall Street @aganstwallst]

Bitcoin’s replaying the 2022 crash playbook step by step

Check out this video, the moves are literally identical! Bitcoin is stuck in the loop 😱

This is a trap. Don’t fall for it 🎯

$BTC $MSTR $ETH

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

See?

[Andre Cronje @AndreCronjeTech]

Hold.
Refund.
Profit.

And now including borrow.

Access 30% liquidity with 0% collateral against your FT PUT options.

[MegaETH @megaeth]

Introducing The Rabbithole — your MegaETH ecosystem frontend

Mainnet is now fully open to the public.

Rabbithole is how users:
→ Discover live and upcoming apps
→ Bridge and swap assets
→ Get notified of ecosystem events
→ More

Live now. Features and link below.

[MegaETH @megaeth]

Stress tests only matter if they’re uncomfortable.

We’re targeting sustained, true TPS of 15-35K, totaling 11B transactions across 7 days.

During the test you will interact with @stompdotgg, @smasherdotfun, and Crossy Fluffle.

If things break, they’ll be surfaced and fixed.

[Star_OKX @star_okx]

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.

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

☠️

[MegaETH @megaeth]

Public Mainnet // 02.09.26

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

Just unlocked 730 mats and ranked Observer by generating my Mezo Statement.

Backed by ~$30M from Pantera & Multicoin with ~$80M TVL already.
Snapshot on 21st Jan.
Get yours here: https://t.co/VMjW5l7tJr

[𝔦𝔰𝔣𝔞𝔧𝔯𝔲𝔫 @isfajrun]

Just unlocked 500 mats and ranked Observer by generating my Mezo Statement.

Backed by ~$30M from Pantera & Multicoin with ~$80M TVL already.
Snapshot on 21st Jan.
Join brother =

https://t.co/VMjW5l6VTT