Institutions were never missing on-chain yield. They were missing a venue built for credit.
That’s what institutional lending on the XRP Ledger changes, a joint build from @Ripple, @cicadacredit, and Clearpool. 🧵
$CPOOL ripple:native
@CryptoMocro_ "There will be more. We just need to find them before they run and exit before everyone starts talking about it"
this means you need to find them before insiders. cant stand this CT retardness like you anymore.
1/ @GunnisonCap and the @ChintaiNetwork team minted an additional 250 million $CHEX tokens. I was not part of this decision. But having been deeply involved with Chintai for years, I believe it was the right call, provided certain things happen going forward. Here's why. A thread.
@devchart@DonCryptoDraper Lmao this is why CT shouldn't pivot to be middle east expert overnight. You have no clue what you are talking about. "His position was mostly symbolic"
Clearpool is expanding its product layer to transform real economic activity into structured on-chain yield.
From private credit and U.S. T-bills to fund strategies, we’re building a unified access point for digital capital to tap diverse sources of yield.
Multiple yield sources. One interface.
Read more in Clearpool’s roadmap👇
https://t.co/REv9qtQQJC
$CPOOL
@crypto_birb@cz_binance@binance If you need explanation from CT you're clearly a bald sucker CZ d*ck. I remember your clue less tweets back in 2021 making list of several to be scenario's like Magnificent 7 buying btc, super cycle and more to justify btc going to 100k+. Just like CZ your one of CT cancers.
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.
👋 Hey CZ
Lets break down this tweet step by step to see where you are lying and gaslighting to the entire community (yet again)
- FUD doesn't hurt the target. My followers increased.
Nice bro you have 10million followers yet somehow i have more supporters then you with less then 1k, because you have ruined THAT many lives.
- FUD hurts the market (ie everyone).
Please explain how FUDing you and Binance hurts the market? You wiped out BILLIONs from the entire market on 10/10 and now you are saying people fudding hurts the market? Im im lowkey impressed that you think people are this stupid.
- I/Binance do not sell in any meaningful amounts.
This one is partially true, and also lies depending on what token, e.g. listed tokens on binance you absolutely rape using your own users as exit liquidity. In terms of majors you often do sell, ofcourse you buy back at lower prices because you have such a monopoly over the market you have the power to do so. HOWEVER, you market manipulate every single day and on 10/10 raped us all with no protection
I don't run Binance anymore, but based on what I know:
-Binance only converts a portion of their revenue to pay for expense. They are a large net hoarder.
You are widely spreading more misinformation here, you directly run binance with your wife and partner in crime (literal crime), you "stepped down" as the ceo when you went to jail and when you came out you went straight back into the ceo role just behind the scenes. Your ego is too high for you to let others run binance, you tried to attack hyperliquid so many times and fucked up with the 10/10 liquidations because it just exposed you for the criminal scum that you are
You are also leaving out the part where you use customers funds to trade against your own users, and utilizing your market dominance and manipulation to financially ruin the entire market, ofcourse you will be having a net gain because you profit off your users and give them back pennies.
E.g. you liquidated the market for over 20 billion and gave back "400million" in the sum of $4-$600 per user, that is insanely insulting.
- Binance also have a global regulator now, who can review every trade on every account.
Who you pay to keep quiet.
Don't be misinformed. Use your energy on positive improvement for yourself.
You are spreading misinformation because it fits your narrative on being the good guy, but guess what bro, no one is buying your shit anymore, the only people left on your side is the ones you are paying off to suck your dick because you could never be loved without paying for it you pathetic bitch
I will fuck you up one day you fucking financial terrorist
- Broly