CZ 🔶 BNB
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Success is not final, failure is not fatal: It is the courage to HODL that counts. - Winston Churchill
Wanna see FUD in the making? 👇
just received this inquiry from NY Times:
“We're working on a story about the Trump memecoin dinner in Washington that goes into significant detail about one of the attendees, Tianying He, who goes by Sky on X. On his X account, he includes a photo of himself with CZ, and also interacts with CZ a few times. (At one point he refers to CZ as a "cousin.")
Can someone explain "cousin" 大表哥 to the English community below in the comment? 😂😂😂
Additional FACTS to answer the question:
1. I didn't know who Sky was when I saw his photo with a BNB Chain logo:
https://t.co/tT7Eaxt0eO
I followed him AFTER his post.
2. I learned about his project luckyfutures AFTER I posted my "perp dex" post a week later, and he reached out to me. I did not talk to him before that. But I guess now, his project will be more famous. On NYT! 😆👍
3. I have never talked to SKY about Trump or US matters.
How desperate do you have to be to make up the story above? Or are you being paid to smear?
just received this inquiry from NY Times:
“We're working on a story about the Trump memecoin dinner in Washington that goes into significant detail about one of the attendees, Tianying He, who goes by Sky on X. On his X account, he includes a photo of himself with CZ, and also interacts with CZ a few times. (At one point he refers to CZ as a "cousin.")
Can someone explain "cousin" 大表哥 to the English community below in the comment? 😂😂😂
Additional FACTS to answer the question:
1. I didn't know who Sky was when I saw his photo with a BNB Chain logo:
https://t.co/tT7Eaxt0eO
I followed him AFTER his post.
2. I learned about his project luckyfutures AFTER I posted my "perp dex" post a week later, and he reached out to me. I did not talk to him before that. But I guess now, his project will be more famous. On NYT! 😆👍
3. I have never talked to SKY about Trump or US matters.
How desperate do you have to be to make up the story above? Or are you being paid to smear?
Numbers don’t lie: May’s top 8 projects on BNB Chain reflect sector-wide growth https://cointelegraph.com/news/numbers-don-t-lie-may-s-top-8-projects-on-bnb-chain-reflect-sector-wide-growth
Given recent events, I think now might be a good time for someone to launch a dark pool perp DEX.
I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX. The problem is worse on a perp DEX where there are liquidations.
Even with a CEX order book, where orders aren't linked to a specific individual, if you're looking to purchase $1 billion worth of a coin, you generally wouldn't want others to notice your order until it's completed. Otherwise, people might try to buy before you, effectively front-running you. In the case of a DEX, this can lead to MEV attacks. This results in increased slippage, worse prices, and higher costs for you.
For this reason, the large traders in TradFi use dark pools, which are often 10 times bigger than the “lit pools" (ie, normal orderbooks).
For perps (or futures), it is even more important to not let others know/see your orders. If others can see your liquidation point, they could try to push the market to liquidate you. Even if you got a billion dollars, others can gang up on you. This was possibly what we have seen recently.
The counter argument I have seen is that being more transparent allows market makers to absorb your large orders. This is possibly true. I won’t get into an argument on which is right or wrong. Different traders may prefer different types of markets.
Now might be a good opportunity for someone to launch an on-chain dark pool style DEX + perps, either by not showing the orderbook, or even better not showing deposits into smart contracts at all, or until much later. This should be doable with ZK or similar encryptions.
Just a Sunday idea. If you are building such a project, feel free to reach me on https://t.co/ITLXkxVNyN. No guarantees I will invest, or even reply. 🙏
I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX. The problem is worse on a perp DEX where there are liquidations.
Even with a CEX order book, where orders aren't linked to a specific individual, if you're looking to purchase $1 billion worth of a coin, you generally wouldn't want others to notice your order until it's completed. Otherwise, people might try to buy before you, effectively front-running you. In the case of a DEX, this can lead to MEV attacks. This results in increased slippage, worse prices, and higher costs for you.
For this reason, the large traders in TradFi use dark pools, which are often 10 times bigger than the “lit pools" (ie, normal orderbooks).
For perps (or futures), it is even more important to not let others know/see your orders. If others can see your liquidation point, they could try to push the market to liquidate you. Even if you got a billion dollars, others can gang up on you. This was possibly what we have seen recently.
The counter argument I have seen is that being more transparent allows market makers to absorb your large orders. This is possibly true. I won’t get into an argument on which is right or wrong. Different traders may prefer different types of markets.
Now might be a good opportunity for someone to launch an on-chain dark pool style DEX + perps, either by not showing the orderbook, or even better not showing deposits into smart contracts at all, or until much later. This should be doable with ZK or similar encryptions.
Just a Sunday idea. If you are building such a project, feel free to reach me on https://t.co/ITLXkxVNyN. No guarantees I will invest, or even reply. 🙏
Given recent events, I think now might be a good time for someone to launch a dark pool perp DEX.
I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX. The problem is worse on a perp DEX where there are liquidations.
Even with a CEX order book, where orders aren't linked to a specific individual, if you're looking to purchase $1 billion worth of a coin, you generally wouldn't want others to notice your order until it's completed. Otherwise, people might try to buy before you, effectively front-running you. In the case of a DEX, this can lead to MEV attacks. This results in increased slippage, worse prices, and higher costs for you.
For this reason, the large traders in TradFi use dark pools, which are often 10 times bigger than the “lit pools" (ie, normal orderbooks).
For perps (or futures), it is even more important to not let others know/see your orders. If others can see your liquidation point, they could try to push the market to liquidate you. Even if you got a billion dollars, others can gang up on you. This was possibly what we have seen recently.
The counter argument I have seen is that being more transparent allows market makers to absorb your large orders. This is possibly true. I won’t get into an argument on which is right or wrong. Different traders may prefer different types of markets.
Now might be a good opportunity for someone to launch an on-chain dark pool style DEX + perps, either by not showing the orderbook, or even better not showing deposits into smart contracts at all, or until much later. This should be doable with ZK or similar encryptions.
Just a Sunday idea. If you are building such a project, feel free to reach me on https://t.co/PCput54RGW. No guarantees I will invest, or even reply. 🙏
I have always been puzzled with the fact that everyone can see your orders in real-time on a DEX. The problem is worse on a perp DEX where there are liquidations.
Even with a CEX order book, where orders aren't linked to a specific individual, if you're looking to purchase $1 billion worth of a coin, you generally wouldn't want others to notice your order until it's completed. Otherwise, people might try to buy before you, effectively front-running you. In the case of a DEX, this can lead to MEV attacks. This results in increased slippage, worse prices, and higher costs for you.
For this reason, the large traders in TradFi use dark pools, which are often 10 times bigger than the “lit pools" (ie, normal orderbooks).
For perps (or futures), it is even more important to not let others know/see your orders. If others can see your liquidation point, they could try to push the market to liquidate you. Even if you got a billion dollars, others can gang up on you. This was possibly what we have seen recently.
The counter argument I have seen is that being more transparent allows market makers to absorb your large orders. This is possibly true. I won’t get into an argument on which is right or wrong. Different traders may prefer different types of markets.
Now might be a good opportunity for someone to launch an on-chain dark pool style DEX + perps, either by not showing the orderbook, or even better not showing deposits into smart contracts at all, or until much later. This should be doable with ZK or similar encryptions.
Just a Sunday idea. If you are building such a project, feel free to reach me on https://t.co/PCput54RGW. No guarantees I will invest, or even reply. 🙏
Crypto is still here.
Not FUD 👇
SEC dismisses lawsuit against Binance
The SEC and Binance have signed a joint stipulation to end the two-year legal battle, court documents show.
https://cointelegraph.com/news/sec-dismisses-lawsuit-against-binance-filings-show
SEC dismisses lawsuit against Binance
The SEC and Binance have signed a joint stipulation to end the two-year legal battle, court documents show.
https://cointelegraph.com/news/sec-dismisses-lawsuit-against-binance-filings-show
Another hit piece from Wall Street Journal. WSJ instead of doing journalism, has pretty much resorted to Cunningham’s Law, with negative intentions.
"Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer." - Wikipedia
This is NOT how journalism should work.
A few days ago, WSJ asked me (through the PR team) a long list of questions with wrong and negative assumptions.
We told them there are “numerous inaccuracies and unfounded inferences.” They asked, can you point out the inaccuracies?
If you get a couple of factual errors wrong, it’s possible to fix. When you make up a story with negative intentions to begin with, there is no way to fix the “inaccuracies.” It’s the entire story.
Just a few snippets from WSJ’s questions to me:
“We understand that CZ has been serving as effectively a fixer for Zach Witkoff and the WLF team in their foreign travels … In recent months, CZ has met with government officials from Pakistan, Malaysia and Kyrgyzstan … We understand that CZ then connected Mr Saqib with the World Liberty Financial team, and a week later after his visit, World Liberty named Mr Saqib an adviser. On April 26, the WLF team arrived in Pakistan to sign a MoU with the government.”
Then WSJ published:
“Helping facilitate some introductions for World Liberty’s foreign travels is Changpeng Zhao, founder of the crypto exchange Binance … World Liberty’s spokesman said Zhao and Zach Witkoff are friends but that Zhao doesn’t act as a fixer.”
Fact:
I am not a fixer for anyone. I did NOT “connect Mr. Saqib with the WLF team”. They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan. I did NOT make any “introductions for World Liberty’s foreign travels.”
I won’t bore you with all the other details. But you get the idea...
WSJ is just the mouthpiece. There are forces in the US that want to hinder efforts in making the US the capital of crypto. They want to attack crypto, global crypto leaders, and the pro-crypto administration.
"Cunningham's Law: The best way to get the right answer on the Internet is not to ask a question; it's to post the wrong answer." - Wikipedia
This is NOT how journalism should work.
A few days ago, WSJ asked me (through the PR team) a long list of questions with wrong and negative assumptions.
We told them there are “numerous inaccuracies and unfounded inferences.” They asked, can you point out the inaccuracies?
If you get a couple of factual errors wrong, it’s possible to fix. When you make up a story with negative intentions to begin with, there is no way to fix the “inaccuracies.” It’s the entire story.
Just a few snippets from WSJ’s questions to me:
“We understand that CZ has been serving as effectively a fixer for Zach Witkoff and the WLF team in their foreign travels … In recent months, CZ has met with government officials from Pakistan, Malaysia and Kyrgyzstan … We understand that CZ then connected Mr Saqib with the World Liberty Financial team, and a week later after his visit, World Liberty named Mr Saqib an adviser. On April 26, the WLF team arrived in Pakistan to sign a MoU with the government.”
Then WSJ published:
“Helping facilitate some introductions for World Liberty’s foreign travels is Changpeng Zhao, founder of the crypto exchange Binance … World Liberty’s spokesman said Zhao and Zach Witkoff are friends but that Zhao doesn’t act as a fixer.”
Fact:
I am not a fixer for anyone. I did NOT “connect Mr. Saqib with the WLF team”. They had known each other way back, whereas I only met with Mr. Saqib for the first time in Pakistan. I did NOT make any “introductions for World Liberty’s foreign travels.”
I won’t bore you with all the other details. But you get the idea...
WSJ is just the mouthpiece. There are forces in the US that want to hinder efforts in making the US the capital of crypto. They want to attack crypto, global crypto leaders, and the pro-crypto administration.
Feel sorry for those who sold at $77k. Remember to look at a yearly chart instead of a 1 minute chart once in a while.
Investing in crypto is risky.
Not investing in crypto is also risky.
🤷♂️
Not investing in crypto is also risky.
🤷♂️
See you at #BNBChainDemoDay.
Satoshi Nakamoto was an AI from the future.
I was just asked "who I think Satoshi might be" in a live (still on-going) interview from Turkey. I tweet during meetings all the time. 😆
I was just asked "who I think Satoshi might be" in a live (still on-going) interview from Turkey. I tweet during meetings all the time. 😆
I hope you bought the dip. 😆🤷♂️
BNB Chain drives Q1 growth through lending, stablecoins and burns https://cointelegraph.com/news/bnb-chain-drives-q1-growth-through-lending-stablecoins-and-burns
One project posted a chat with me, hinting as some kind of endorsement. This is scam behavior.
Remember, anyone can chat with me through http://Reachme.io.
Stay away from scam projects!
Post a screenshot below if you can identify the project. 👇😂
Remember, anyone can chat with me through http://Reachme.io.
Stay away from scam projects!
Post a screenshot below if you can identify the project. 👇😂
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