marcelkb

crypto enthusiast

[marcelkb @marcelkb1]

@CrypNuevo Nice Read on Lesson 1. BTW: Comments in Telegram-Channel are not possible. So we cant give feedback there.

[marcelkb @marcelkb1]

I just joined House Jamu. "Pierce the noise."

Code: 0FA006D7E4

Join my tribe: https://t.co/77U5XosDXA

@purintaxyz

[marcelkb @marcelkb1]

@boithekid nice

[marcelkb @marcelkb1]

@SeongWooIQ300 HBfK6TFQJMMG2X9xaymhRa7wrRUwjvqDYp3GoQUK1t3g

[marcelkb @marcelkb1]

@Crypto_Pranjal @etherealdex new code if needed CJTAHEZVOPI4

[marcelkb @marcelkb1]

@Crypto_Pranjal @etherealdex MOIAYEB72ACT https://t.co/CkmzbWGR5k

[marcelkb @marcelkb1]

Just unlocked my Gas ID via ETHGas 🪪

I'm a Teen Jack with 1.026 ETH spent on gas since Beacon Chain - now fueling my climb to the Gasless Future and earned 490 Beans already.

Reveal yours at https://t.co/8y6QFlBEWI

[marcelkb @marcelkb1]

take a look at https://t.co/PBKrEAYNLc

[Rayls @RaylsLabs]

Rayls is now LIVE on @CoinMarketCap.

The world’s financial system is shifting: trillions are moving onchain, and banks, assets, and money itself are finding a new home.

Join our CMC community, track $RLS, and follow every milestone.

Enter now: https://t.co/h7n5zDBp5X

[marcelkb @marcelkb1]

# https://t.co/PBKrEAYNLc

[Rayls @RaylsLabs]

Rayls is now LIVE on @CoinMarketCap.

The world’s financial system is shifting: trillions are moving onchain, and banks, assets, and money itself are finding a new home.

Join our CMC community, track $RLS, and follow every milestone.

Enter now: https://t.co/h7n5zDBp5X

[marcelkb @marcelkb1]

@EzyBitcoin differs the grey zones by the configured settings, with default settings i get grey zone target 1 by 3537 not 3382, target 2 4000? is it a specific option in the indicator to show these

[marcelkb @marcelkb1]

nice

[Rayls @RaylsLabs]

Rayls is now LIVE on @CoinMarketCap.

The world’s financial system is shifting: trillions are moving onchain, and banks, assets, and money itself are finding a new home.

Join our CMC community, track $RLS, and follow every milestone.

Enter now: https://t.co/h7n5zDBp5X

[marcelkb @marcelkb1]

nice

[Rayls @RaylsLabs]

Rayls is now LIVE on @CoinMarketCap.

The world’s financial system is shifting: trillions are moving onchain, and banks, assets, and money itself are finding a new home.

Join our CMC community, track $RLS, and follow every milestone.

Enter now: https://t.co/h7n5zDBp5X

[Spicenet @spicenetio]

Are you playing, anon?

Get started NOW because there's lots of fun surprises coming down the line... and you want to be ready.

https://t.co/39Nqemth4u

[Spicenet @spicenetio]

Fast gets a new meaning with @pisquared.

Excited to partner with this A+ team to bring cross-chain access to the Pi Squared ecosystem.

If you're a Pi2 builder, reach out to integrate Spice Flow and Spice Edge today!

[dango🍡 @dango]

The recipe’s been perfected.

After months of building testnet-3 is officially live.

Every click, every swap, every trade brings us one step closer to mainnet launch.

Join us and help shape the future of the DeFi superapp.

Experience it here: https://t.co/1IxQqXpqQM

[marcelkb @marcelkb1]

Discovered my Gas ID via ETHGas - turning my gas spend into rewards 🫘

As a Teen Jack, I've spent 1.026 ETH on gas but earned 490 Beans back.

Get your Gas ID and Beans here: https://t.co/8y6QFlBEWI

[marcelkb @marcelkb1]

@1CryptoMama @sleepagotchi 0x81C1E7d6Ce77AF0e02E2028b030329bA45314DE1

[Reya @reya_xyz]

The flash crash reminded everyone how brutal full liquidations can be.

On Reya, a trader recently hit 134% margin ratio and still stayed in the trade. Our partial liquidation engine trims exposure instead of wiping positions instantly.

Extra runway. Smaller scars.
The kind of edge that matters when everything’s red.

See thread for details

[ElonTrades @ElonTrades]

The Oct 11 Crypto Crash — What Really Happened

TL;DR:

Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles.

That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B+ globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement.

It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover.

What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage.

1️⃣ The Setup

Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral.

Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability.

On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window.

2️⃣ The Exploit

During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere).

Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations.

Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress.

3️⃣ The Profit Engine

The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources.

As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom.

Timing, precision, and funding paths all suggest coordination.

4️⃣ The Contagion

Binance liquidations dumped BTC/ETH/ALTs into thin books.

Other exchanges mirrored the collapse through cross-market bots.

Market makers hedged across venues were forced to unwind everywhere.

Result: $19B+ global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral.

5️⃣ Who’s at fault?

Binance: design flaw + delay in oracle rollout = root cause.

Exploiters: executed and timed the manipulation, profited via external shorts.

Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else.

6️⃣ Aftermath

Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors + oracle integration.

USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations.

Bottom line:
A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath.

Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.