📢 #BrownDust2# X #MushokuTenseiSeason2# Collaboration Rerunning PV Released! Thanks to the enthusiastic support from everyone, the legendary collaboration has returned~🔥 Relive the excitement of 『Mushoku Tensei Season 2』 through the PV and check it out today! #October10# #Collab#

#NanchangMorningNews# The special exhibition marking the 400th anniversary of the birth of Bada Shanren will run from July 10 to October 10 at both the Jiangxi Museum and the Bada Shanren Memorial Hall. It showcases 129 fine paintings and calligraphy works from 22 museums and cultural institutions nationwide, featuring the nearly 20-meter national treasure scroll 'River Flower Diagram' in its entirety, alongside a series of cultural tourism and academic events. 八大山人诞辰400周年特展将于7月10日至10月10日在江西省博物馆、八大山人纪念馆同步开展，汇集全国22家文博单位129件书画精品，近20米国宝《河上花图》全卷亮相并配套多项文旅学术活动。

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. 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.

That was certainly a drama-filled ending. They call it "Dramatic SUGO" for a reason. #SFormula# will go on a summer break now. Next up: The Halloween-themed second visit to Fuji on October 10-11 – hopefully with better weather than last year. Get your costumes ready! 🎃

CZ sold his $900K apartment and went all-in on Bitcoin in 2014. He survived the Terra–Luna collapse, the FTX crash, the October 10 meltdown, all of it. He turned a $900K investment into a multibillion-dollar fortune.

Visiting the birthplace of the Wuchang Uprising in Wuhan! This very spot—once the barracks of the 8th Engineering Battalion of the Hubei New Army—is where the first shot of the 1911 Revolution was fired on the night of October 10. That single gunshot sparked a nationwide revolution, ultimately toppling over 2,000 years of imperial rule in China. Erected by the Wuhan government in 1987, this monument is topped with a striking rifle sculpture, symbolizing the fierce courage that changed history forever.

Crypto market structure is changing — fast. In our report with @21shares, we break down what actually drives this market today: • Derivatives dominate (often >80% of activity on peak days) • A single event - October 10 - triggered $19B in liquidations • Regulation + institutional rails are reshaping how capital enters The shift isn’t about price anymore - it’s about structure. Read here: