First perps on-chain test today.😂 Just trying the experience, also trying to see how if there is still MEV.
You might find it hard to fathom, I have never traded Futures on Binance (CEX). Seen many product demos though.😂 https://twitter.com/0xAA_Science/status/1903850403965604343

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Author: Frank, PANews
A routine contract rule adjustment by Binance unexpectedly exposed the most fragile pimple in the crypto market.
On April 1st, a flash crash where low-market-cap tokens like ACT collectively plummeted by 50% within half an hour simultaneously pushed the exchange's risk control mechanism, market maker algorithm strategies, and the fatal flaws of the MEME coin ecosystem into the spotlight.
Despite Binance's emergency response blaming "large investor sell-offs", the cliff-like evaporation of 75% of contract positions, precise synchronization of price fluctuations across multiple coins, and the mysterious operation of market maker Wintermute selling on the chain after the sharp drop all exposed this Rashomon-like incident...

Deciphering the triple Rashomon behind the ACT flash crash, has the exchange’s risk control become a “nuclear button”?

No token is forever young, but young people always rush to the battlefield of ETH.

ETH Hangzhou on-site survey: Ethereum has entered middle age, and there is no hope for a new high price within three years

UPCX was severely attacked today, with 18.4 million UPC tokens stolen from management accounts. This amount is equivalent to approximately 70 million USD, and the price of UPC has dropped significantly.
Hackers have stolen many...

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