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Joined February 2023
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Professor 📀 retweeted
🚨US stocks just suffered their worst crash since the 2025 tariff shock.
$3 Trillion wiped out in just 6 hours.
Fear of Democrats banning AI have sent stocks and crypto crashing.
The damage is INSANE.
S&P 500: -436%
Nasdaq: -6.36%
Chip stocks: Worst drop since March 2020.
Bitcoin: -5.47%
Just yesterday, markets were celebrating the US midterm results. Today, everything crashed.
Here's what happened🧵
Professor 📀 retweeted
Tonight, the American people sent a clear message — they want a politics that brings people together rather than divides them, and leaders who offer concrete solutions to the challenges they face.
These results were only possible because outstanding candidates stepped forward in every region of the country — including in areas once considered long shots. They came from different backgrounds and represented a range of political perspectives, but were united by shared values, a belief in public service, and a commitment to putting the people of their districts and states first.
We also owe a debt of gratitude to the thousands of election officials and volunteers from both parties who helped ensure a smooth election and carried out one of the most essential functions of our democracy.
While this administration has another two years in office, our job now is to roll up our sleeves, make changes wherever we have the power to do so, prevent further damage, and lay the groundwork for the future.
Breaking: Binance has reserved $6.34 billion in company funds to cover incident losses.
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.
Professor 📀 retweeted
In 2023, after news of the $4 billion fine, Gulf, our partner in Thailand, asked: “do you need help with cash liquidity?” We didn’t, but I appreciated the gesture.
Today: “know you can cover, but we are here if needed.”
Strong partners show in tough times. 🙏
Official Statement Regarding Recent News on Binance Security Incident
In light of recent news regarding a cybersecurity incident involving Binance, Gulf Binance Co., Ltd. would like to confirm that customer digital assets on Binance TH remain completely safe. The Cold Wallets of Binance TH are strictly segregated from those of Binance, as Binance TH operates as an independent legal entity with its own dedicated digital asset custody system.
As a proactive precautionary measure, we would like to inform you that digital asset deposits and withdrawals are temporarily suspended while our expert team conducts a thorough security check. All other services on the platform continue to operate as normal, and we will resume deposit and withdrawal operations as soon as the verification process is completed.
The security of our customers' digital assets remains our highest priority. We remain fully committed to maintaining strict security standards to ensure absolute confidence among all our clients.
We sincerely apologize for any inconvenience caused.
President Trump backed $TRUMP memecoin ~99% down from its All time high 🚨
Red flag for investors.
@GetTrumpMemes
