I didn’t find any difference, all the posts are in English, which I want to translate into my language, and in one case it displays a button, but doesn’t want others. Chance, approximately 50%. Please tell your developers so they can fix this problem.
Thank you.
Dear @elonmusk , you may not be aware, but the translation of posts does not always work as expected. The problem has been going on for over a year now. When you click on a post, it does not always offer to translate it;the “translate” link button does not appear. Why is this so?
I knew Ping was an obvious fade this week because what happened on Binance was going to have repercussions in the following days to weeks.
If you had paid attention, Wintermute was openly stating that Binance fucked them with aggressive ADL at prices that didn’t make sense & WM couldn’t have been the only MM that was screwed over.
Market makers hold spot long & go short perps so no matter what way a coin moves they do not lose or make money. Instead they make money by routing trades, arbitraging across CEXs, & taking a small cut every time you buy or sell, similar to MEV.
If an exchange starts aggressively closing short positions at much higher prices, like what WM claimed, while prices rapidly nuke & they can’t re-short fast enough than they are sitting on huge losses. They then have a tough decision to make…sit on the loss & hope prices go back up or dump your bags ASAP, stop providing liquidity, & gtfo until people figure out what the hell is happening. No matter what decision the MM makes, it’s going to result in thin ass books.
WM said in the interview they did that they were still waiting to find out if they’d be compensated for the losses they took. Likely means other MM’s are waiting too because a client as big as WM would be your priority as a business. And Binance, like any business would have to sort through how much they’d be willing to compensate MM’s, ensure claims are legit, & route things through legal. It’s gonna take a while to sort out the mess, WM isn’t the only MM that operates on Binance. There are a lot of them.
People who thought last week wasn’t a big deal, you’re wrong. It was a huge deal. Some assets went to literal zero. We don’t know how much MM’s lost. MM’s taking on big losses means thinner books & thinner books in a market that already struggles with liquidity while the President of the United States is in a trade war with China is not a recipe for Wonderful Wednesdays. And to that fact that the crypto participants who are left are down and & poor now. Many got liquidated in the chaos. There are less buyers now than there were. The wealth effect is now gone. Crypto natives have been reduced to Haitians.
I agree with WM that what happened impacts shitcoins far worse than it does BTC & majors. Binance has lost a ton of trust and deserves your scorn. I don’t know if it was on purpose or just a big mistake, but the point remains they cannot be trusted.
Sorry Ping. At least you put your nuts on the table.
🚨 JUST IN: “@BINANCE AT FAULT FOR 10/10 MARKET CRASH, THEY HAVE LOST A TON OF TRUST, AND DESERVE YOUR SCORN”— PROMINENT CRYPTO ANALYST
REMOVE ALL FUNDS FROM BINANCE IMMEDIATELY
@cz_binance Because of your dirty manipulations, many people not only lost their savings, but also committed suicide. I hope all this comes back to you tenfold, perhaps through some kind of illness or the loss of something very important. Karma will come for you.
@familiogod@monad First, fix your website. The same problem, which you have been unable to fix for a whole year, and the user is getting their funds liquidated on the site.
And you do is ban all people on discord for reporting website issues.
@RTPthefirst@nostrafinance And you're not having any normal liquidations. With the price on all dex exchanges at 0.13 cents (including yours), you're having liquidations at 6 cents.
Where does the price difference go? They promised to respond, but they just banned people and clear history chat )
@RTPthefirst@nostrafinance There's no stability, your project doesn't operate frequently, so people can't change their positions and get liquidated. I want your moderators to stop banning people for any messages or questions about the project's operation.
@RTPthefirst@nostrafinance Why are you lying? Your project wasn't working at the time (besides the Starknet outage), which meant many people couldn't change their positions and were liquidated. Then you simply banned them from your Discord server and cleared their history to eliminate any mention of it.
The crypto market crash on October 11 is suspected to be a targeted attack that exploited a flaw in Binance's Unified Account margin system.
The issue stemmed from using assets like USDE, wBETH, and BnSOL as collateral, whose liquidation prices were based on Binance's own volatile spot market, not reliable external data. When the market dropped, these collateral assets plummeted (e.g., USDE to $0.65), causing a cascading margin collapse that forced massive liquidations, including those of major market makers.
The attack was timed to exploit a window between Binance's announcement of a fix and its implementation, resulting in estimated losses between $500 million and $1 billion. This event highlights critical risks in exchange collateral policies and risk management.
This is Luna 2.
@reynolds_fella2@apathymiller@jacksonhinkle Odessa happened after NATO forcibly removed the power in Kyiv with the help of a color revolution. And in Odessa they did not agree with this, so the nationalists used force against them.
@SzabadonMagyar Another color revolution, from the West. Soros's team will again remove the government that interferes with their plans.
Poor and stupid citizens of Hungary, they do not understand that their problems are precisely because of European policy. Will be much baddest.