Symbio (@NoCryptFish) header
Symbio (@NoCryptFish) profile picture

just watching the crypto bubble unfold sometimes researching stuff

Joined November 2021
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idk if anyone mentioned this yet but the latest binance POR frontend doesnt match the provided addresses at all: usdt por: 29,483,062,748 usdt addresses: 28,542,387,898 eth por: 3,654,921 eth addresses: 3,399,760 @Protos
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btc por: 692,488 btc addresses: 691,489 xrp por: 2,541,393,612 xrp addresses: 2,337,126,307 sol por: 24,636,962 sol addresses: 23,861,857 rlusd por: 203,562,524 rlusd addresses: 118,322,792
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i mean if they count frozen usdt as reserves then it would somewhat make sense for usdt but assets like eth which weren't frozen as far as i know (in this size), not so much. @binance care to explain?
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i mean if they count frozen usdt as reserves then it would make sense for usdt but assets like eth not so much. @binance care to explain?
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i still wondering what the fuck is going on with bitfinex's USDT user balances, they are ranging 100's % up n down on a regular basis. An exchange holding 14B+$ (20B.+ with LEO) in assets is supposedly only holding <100m USDT at times? no other exchange has such a low ratio...🙃
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Assuming this isn't bogus numbers like at FTX, Binance has total of 1.9B USD in it's Insurance Funds for Perp's. Wouldn't be surprised if they are dipping into them now. @Binance btw your usdc fund is stuck at June 23, pls fix
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Just got the presses advance copies of my 300-page book 'The Shadow of the Wizard', the unauthorized biography of Giancarlo Devasini aka MerlintheWizard, the wealthiest person in Italy, dropping on November 17th. #Devasini #Bitfinex #Tether #crypto #bitcoin
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im curious what that 1st Nov proof of reserve for binance will look like. they either add funds by tomorrow or post <100% reserves 👀
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One of the 4 Binance's Insurance Funds for USDT margined perps is currently going down at a crazy rate and is soon depleted. Either someone found a loophole to drain it or Binance is withdrawing money themselves. Would be unusual for binance to do it like this over weeks...
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Tethers Excess Reserves/Net Equity as percent of Total Reserves at lowest point since Q4 2022.🙃 Backing a Stablecoin with Gold & BTC was always stupid as fuck and greedy. If they crash further from here we will likely see a depeg as institutions will dump Tether imo.
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Tethers worst attest (expecting 3-4B. $ loss QoQ) should come out today! 🙃
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From my calculations Tether made a ~3.8 Bil. $ loss on their BTC & Gold holdings in Q2. (assuming they didn't sell any since last attest) That's a -46% decline on their excess reserves🙃
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Symbio retweeted
Musk is way, way worse than a lot of people (myself included) thought. And he's now using his unbelievably large platform to egg on clear threats of violence against "traitors" (political opponents) and "invaders" (immigrants)
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It's absolutely mind boggling that HTX/@justinsuntron just keeps serving Russian citizens after the UK sanctions. ...visibly for every one in their public telegram channels. They don't even try to hide it. This messages are from yesterday 🙃 @Protos
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Saylor: Never sell your bitcoin! Borrow money! Mortgage house! Do whatever you need to buy bitcoin!!!!!!!111111oneoneone Saylor 2026: We are going to sell our bitcoin… at a loss! Epic strategy.
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Symbio retweeted
HTX's Proof of Reserves (PoR) page now cites some mysterious Custodial Wallets since this month. Addresses are unknown, rendering the PoR useless. latest PoR shows that: - 82% of the 1B. $ Stablecoins are "custodial" - 70% of the ETH are "custodial" 🙃
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