MM | VC | Launch Strategies |OTC BJJ addict.
Bali
Joined July 2018
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Official news: Russia is sending Irina Shayk to China to get info on the AI chips they got from the US. It's going to be a big step up in her career - wish her luck, guys!
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we told the new Gen Z hire "we`re all one family here".
He asked to borrow the CEO`s car for the weekend...
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thanks, Universe, for the advice, I need this now.
“To be silent the whole day long, see no newspaper, hear no radio, listen to no gossip, be thoroughly and completely lazy, thoroughly and completely indifferent to the fate of the world is the finest medicine a man can give himself.”
― Henry Miller
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Literally, how do you even run a proper business in this scammy market when you can't count on basically anything?
You do a great job - treat your customers right, pour an insane amount of your advisory time into these projects, connect partners, set up tokenomics, handle marketing, negotiate with exchanges - just to watch some old American fuck start selling his BTC because he got upset with the crypto community he's fucked I forgot how many times.
You literally can't do any long-term planning. You can't even think long-term. I used to think doing business in Web2 sucked. Now I think if you're in the funeral business or the garbage business like Tony Soprano - you've covered all your needs. Meanwhile we're here fucking our own brains over crypto and new tech. For what?
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Prediction markets just traded more in October than in 2024 and 2025 combined.
Sports contracts made up ~78% of volume, with football parlays alone at 67.6%. Add $800M+ US midterms elections.
The bettors didn't come for the crypto. They came for the events.
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I swear, the highest percentage of founders I've met wasn't in the US - it was in Bali. Every second person you meet is the founder of something.
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Top 3 things I noticed this cycle that I didn't see last cycle:
1. Projects don't believe in CEX listings anymore. They'd rather go the DEX route - and if a CEX reaches out for a free listing, fine, but they won't pay for it. Even when they have the money.
2. Tier-1 projects - well-known teams, solid cap tables, confirmed offers from tier-1 CEXs - also don't want to spend on listings. They're looking for the right partner to cover their listing costs, depending on the setup.
3. Perps have become a massive dealbreaker. The overall sentiment on CEXs? There are 2–3 left with organic, and then there's everyone else.
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How do they link the hack to North Korea, though?
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
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