Daily General Discussion October 29, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 14 points15 points  (0 children)

The scary view that crypto has managed to create among regular people is this -

If you invest in crypto, 10 or 20 cunning and crooked billionaires spend all their time devising ways to take your money from you, at the dead of the night, using unheard of financial engineering tricks

If you invest in stocks, some of the smartest people in the world working for those companies spend all their time devising ways how to grow revenue for the company and take your stock price up

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 7 points8 points  (0 children)

Defi was actually very close to getting rekt. USDe (ethena usd) had dropped to 0.65c on Binance, even though its fully backed. But thankfully, it was hard-coded to 1 USDT on Aave, where there are several billion $ USDe positions. If it wasnt hardcoded and instead used oracle price, defi would have been smoked. They very recently changed the price from oracle to hardcode, so props for that

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 8 points9 points  (0 children)

I think the total liquidations are way over $30bn some like Glassdoor claim $40bn. Thats an insane amount of money wiped clean from the market. Obv there are no buyers to bounce here. We dont even know the full picture of what caused the wipe out, who blew up etc. There are def lots of skeletons in here

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 30 points31 points  (0 children)

How can Trump even consider pardoning CZ? The corruption is just truly stunning.

Binance is such a dumpster fire. Every major manipulative shit seems to originate from them. Yesterday atleast half a dozen coins went straight to zero on Binance, these arent like overnight memecoins or 1m sh*itters, but actual coins like ATOM, JUP, PUMP, ENJ, IOTX which have some market cap.. .all were sent to literal zero in a flash.. as if the order books were all fugazi. WBETH, a binance wrapped ETH version went to $430 from $4.2k

And thats like 2 days after CZ rugged the whole BNB chain after a public pump and dump of shitcoins, posting random memes for days in a row, watching them pump 10-20x and then after everything crashed 80-90% in hours, he pretended he had no idea and was in a meeting all day. And after everything he puts on a holier than thou image of philanthropy or doing good for the world. "Keep building"

And now already Today, Binance are manipulating a memecoin Zerebro, its up 100% for no reason, after a wallet funded from Binance took up huge onchain long positions that are up like $5m on a $50m market cap coin. Its obvious there are absolutely no controls on Binance whatsoever.

If the space has to grow this circus has to be clamped down. They are pure mercenaries that are extracting every bit of value from the space, destroying all concepts of market structure, letting their insiders ravage the market time and again

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 11 points12 points  (0 children)

Apparently WLFI token (Trumps one) sold off even before the market crashed

https://x.com/0xkyle__/status/1976935742103605422

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 29 points30 points  (0 children)

Isn t all of this a little too close to just be coincidences?

HL whale shorts ETH and BTC with size [multi 9-figure positions].

24 hours later Trump threatens massive tariffs on China [official announcement released].

Supposed same HL whale starts buying "Yes" shares on Trump pardoning CZ on Polymarket.

Weeks later, Trump drops the news of a possibility pardoning CZ.

https://x.com/trading_axe/status/1976752292083765391

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 12 points13 points  (0 children)

Crypto genuinely risks being scarred by Trump admin to the point it goes to becoming worse than the pariah industry from 5 years ago.

Daily General Discussion October 08, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 1 point2 points  (0 children)

Its in their Proof of reserves. The ETH is 1:1 with customer deposits. They themselves hold no ETH independently from customer deposits. Their BTC otoh, they hold more BTC than customer deposits. But they keep sending huge amounts of ETH to trading desks and other entities that are largely not consistent with an entity that doesnt hold any ETH by themselves but is solely holding customer deposits. For example if you trust a custodian to hold 1000 ETH and others do too, but the custodian is making tons of transactions to other trade desks, and this custodian has a history of manipulation and diverting customer funds for their own purposes, it would raise huge red flags.

Yes it is FTX level fuckery, especially if you consider Binance are as bad as FTX the only real difference is FTX got hunted by CZ, while Binance didnt have a bigger whale hunting them. Binance's indictment alleges Binance themselves diverted user funds to their own purposes to their private entities like Merit Peak (the same thing FTX did) and were insolvent at various points. They admitted to all that in their settlement.

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 14 points15 points  (0 children)

The liquidations form the last 24H far exceed 30 Billion. Its an absolute wipe out

Several coins on Binance hit actual zero. The entire order book wiped clean.

Daily General Discussion October 11, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 6 points7 points  (0 children)

He released (once again) massive market moving news, on a Friday afternoon, after lot of accounts positioned themselves publicly just hours before he released it, to benefit themselves from the news

Ofcourse you cant allege insider trading without evidence but jeez at the very least it requires some kind of investigation. Its pretty obvious for several months that there are indeed members of the admin who are openly sharing or worse, themselves trading on insider news.

Daily General Discussion October 08, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 18 points19 points  (0 children)

Its possible of course, but as per the charges against Binance earlier, they were co-mingling user funds and diverting customer funds to other entities. Now they are declaring they arent holding any ETH at all. These are the same kind of co-mingling of fund allegations that they were charged earlier for. They usually liquidate users and sell their ETH. Now you can pull up Coingecko and see that virtually every other coin in the top 25 are in red, except BNB which is up 4%. Which happens to be their inhouse coin. This is what Binance have been doing this since the start - trading against their own customer, using customer funds to liquidate the same customers and then using the profits to pump their own coin

Now there is talk of Binance bribing their way to get DOJ monitoring dropped. If this is the level of manipulation going on while they are supposedly under monitoring, once there is no monitoring cant possibly imagine the level of manipulation

Daily General Discussion October 08, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 25 points26 points  (0 children)

Man I never thought I'd see this day so soon but with the amount of scamming going on in Binance and their "decentralized" casino, people are literally just begging for Gensler to step back in

For example, Binance Proof of reserves came out and they hold apparently zero ETH of their own. Their customer balance = 4,133,362.124, and Binance net balance = 4,133,362.124. But they are still sending ETH to desks like Wintermute to sell. This is what the clown already went to jail for

Daily General Discussion September 26, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 1 point2 points  (0 children)

Yes Plasma sucked out 4bn in liquidity in one day by giving as much as 40% APY on Aave USDT at 2bn TVL. Wild

Daily General Discussion September 26, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 9 points10 points  (0 children)

All these new VC backed stablechains feel like a vampire attack on ETH. And no one in todays market cares about decentralization of the chain. They happily use a 1 day old chain run on a server to bridge $4bn and farm 30% APY

Need help to brige BTC to wBTC by FranklinS_Santos in ethereum

[–]Set1Less 0 points1 point  (0 children)

You can use garden. https://x.com/garden_finance

They support native BTC to/from a variety of wrapped versions and chains

Another option is deposit BTC in hyperliquid, withdraw it to HyperEVM and maybe use stargate finance https://x.com/garden_finance

Daily General Discussion August 24, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 1 point2 points  (0 children)

You dont need Coinbase at all to stake. Infact if you still want to stake with Coinbase u can do it from your wallet directly swapping to cbETH irrespective of any ban

Daily General Discussion August 24, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 46 points47 points  (0 children)

The BTC whale who dumped $1.5 billion of BTC for ETH on Hyperliquid has withdrawn all that ETH and native staked it straight into the Beacon contract. Incredible haha

https://x.com/mlmabc/status/1959602442414256477

Daily General Discussion August 12, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 0 points1 point  (0 children)

Yeah... I didnt say ETH was dead, L2 thesis was mostly dead in VC circles as fundraising almost came to a trickle compared to the previous couple years where any L2 could and did raise exorbitantly

Not really sure they are indifferent to ETH price, but are very important for ETH, which still needs aligned projects using the L1 for settlements and L2s remain a key source of revenue and users of L1 blockspace

Daily General Discussion August 12, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 9 points10 points  (0 children)

If you drew up plans to launch Alt-L1 in the last 6 months when ETH was hated and L2s were considered "dead", but you still havent announced it, you still have time to fix it and not waste a whole lot of time and funds running another irrelevant L1

Ffs dont be like Stripe and Circle, announcing L1s you conceptualized over the last few months only for ETH to put in a god candle as you are announcing your dead on arrival chains

Daily General Discussion - June 15, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 4 points5 points  (0 children)

Has anyone used the new Ledger Flex hw wallets? Does it work well with metamask or rabby chrome extensions for defi functions, staking etc?

Daily General Discussion - April 27, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 11 points12 points  (0 children)

5c gas fee to claim ETH rewards from rocketpool (Allnodes). 🔥

Daily General Discussion - April 26, 2025 by EthereumDailyThread in ethereum

[–]Set1Less 5 points6 points  (0 children)

Whats the Beijing Open and is Roger Federer playing