Posts from the 'Quoted' Category

Dogecoin Founder Slams ‘Uptober’ Talks; DOGE Dips

Dogecoin Founder Slams ‘Uptober’ Talks; DOGE Dips

Dogecoin’s (DOGE) founder Billy Markus a.k.a Shibetoshi Nakamoto has had enough of ‘Uptober’ promises. “Anyone who said ‘Uptober’ should be slapped in the face”, – fiercely spat out the computer virtuoso. Understandably, this came out past midnight on Saturday, when the general crypto markets took in a staggering $19 billion deficit in liquidations.

https://x.com/anndylian/status/1976778654253535321?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1976778654253535321%7Ctwgr%5Eca54d53f2b4c3475f6f2a38369351716c5ad4f5a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdailycoin.com%2Fdogecoin-founder-slams-uptober-talks-as-doge-dips-29%2F

The brutal correction came after Donald Trump imposed a 100% tariff on all exported Chinese goods, but there’s more to it. Binance, the leading crypto exchange across the globe, witnessed unexpected hiccups due to an activity overload, which preceded the United States President’s ground-breaking announcement that sent both stock & crypto markets on a free-fall.

The Biggest Liquidation Flash Crash In History
Some crypto aficionados on X were blatantly honest and remarked that the flash crash “looks like Trump put 100% tariffs on crypto”, while others were more optimistic and marked the cycle bottom. For Dogecoin (DOGE), the turbulent journey over the past 30 days has pushed the top dog coin from $0.25 to $0.18, resembling a 29% monthly drop, followed by a rebound to $0.21.

https://x.com/CryptoMichNL/status/1976811272873427024?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1976811272873427024%7Ctwgr%5Eca54d53f2b4c3475f6f2a38369351716c5ad4f5a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdailycoin.com%2Fdogecoin-founder-slams-uptober-talks-as-doge-dips-29%2F

With Dogecoin’s (DOGE) founder lambasting the excessive optimism of October, popularly referred to as ‘Uptober’ due to historically-bullish price movements for Bitcoin (BTC) & top alts, this paints a perfect example of Fear Of Missing Out (FOMO). In this psychological instance, crypto traders rush into buying digital assets based on expectations rather than fundamentals.

 

Source: https://dailycoin.com/dogecoin-founder-slams-uptober-talks-as-doge-dips-29/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
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Anndy Lian warns of cryptocurrency market manipulation

Anndy Lian warns of cryptocurrency market manipulation

Anndy Lian, a notable figure in the cryptocurrency scene, has raised concerns about manipulation in the market. In a recent tweet, he criticized influencers who engage in over-the-counter (OTC) deals without actual trading experience.

Lian emphasized the lack of genuine involvement by these personalities, suggesting that their actions contribute to a manipulated market landscape. His statement reflects a growing scrutiny over the integrity of influence within the crypto sector.

This comes amid increasing debates about transparency and ethical practices in digital currency trading, where credible knowledge and direct market involvement are seen as crucial for fostering trust and legitimacy.

 

 

Lian’s critique joins a broader conversation on market security and confidence, areas he has addressed extensively. His prior recommendations on the use of cold wallets for safeguarding crypto assets underscore an ongoing concern for user protection. Additionally, his perspective on BNB as a proxy for confidence in crypto infrastructure highlights the importance of trustworthy market participants in sustaining industry stability amid persistent challenges around transparency and ethical conduct.

 

Source: https://tradersunion.com/news/market-voices/show/641668-crypto-market-manipulation/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

YZi Labs-Backed Perp DEX Aster Delays Airdrop Over Data Issues

Aster (ASTER), the decentralized exchange backed by Binance founder Changpeng Zhao’s investment firm YZi Labs, has postponed its upcoming airdrop after identifying “potential data inconsistencies.”

Key Takeaways:

  • Aster delayed its airdrop after uncovering potential data inconsistencies affecting some user allocations.

  • The postponement follows user complaints about inaccurate results from the project’s “S2 airdrop checker” tool.

  • DeFiLlama also suspended Aster’s trading data amid Binance-like volume correlations.

Originally set for October 14, the airdrop will now take place on October 20, pending internal verification, the team announced on Friday.

Aster Promises Fair Adjustments After Users Flag Airdrop Allocation Errors

The Aster team said it would update “certain users’ allocations where needed,” noting that “for most users, allocations should not fall below the final snapshot RH% in each epoch.”

The cause of the discrepancies was not fully detailed, but the decision follows user complaints about inaccurate results from the “S2 airdrop checker” tool released earlier in the day.

One trader claimed an allocation of only 336 ASTER tokens despite having generated over $9 million in trading volume. In total, 153,000 wallets are eligible for the Aster Genesis: Stage 2 airdrop.

Formerly known as APX Finance, Aster is a cross-chain perpetual futures DEX operating on Solana, Ethereum, Arbitrum, and BNB Chain.

The platform, which aims to rival Hyperliquid, recorded more than $420 billion in trading activity last month, according to The Block.

At the time of writing, ASTER is trading near $1.69, largely steady despite broader market weakness driven by renewed trade tensions following Donald Trump’s announcement of 100% tariffs on Chinese imports.

Last week, DeFiLlama temporarily removed trading volume data for Aster after detecting unusually high correlations with Binance’s perpetual volumes.

Co-founder 0xngmi announced the delisting on October 5, citing data integrity concerns after Aster’s XRP/USDT and ETH/USDT pairs showed nearly 1:1 correlation ratios with Binance.

The analytics site said it lacks the granular data needed to confirm potential wash trading, prompting the suspension until verification becomes possible.

The move has divided the crypto community, sparking debate over whether the volumes were manipulated or simply reflected a liquidity migration from Binance to Aster.

Blockchain investigator ZachXBT criticized Anndy Lian for downplaying the issue, while Lian argued that volume alignment across major projects is normal and that Aster’s activity mirrors broader market behavior.

He added that aggressive spending to gain market share is a business decision, not necessarily manipulation.

Aster Reimburses Traders After XPL Price Glitch Triggers Liquidations

Last month, Aster reimbursed users in USDT after a sudden price spike in the XPL perpetual contract triggered forced liquidations.

The anomaly, which occurred during the transition from pre-launch to live trading, saw the price of XPL briefly surge to over $4, well above its $1.30 average on other platforms.

The exchange responded quickly, completing the first round of reimbursements within hours and compensating affected traders for liquidation and trading fees.

While the exact cause remains unconfirmed, early speculation points to a misconfigured index price or missing sync with live market data. Aster has pledged to continue its investigation into the incident.

The glitch followed the mainnet launch of Plasma, a stablecoin-focused Layer 1 whose native token XPL rapidly hit a $12 billion valuation.

 

Source: https://finance.yahoo.com/news/yzi-labs-backed-perp-dex-112000943.html

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j