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After making $4 million in profits, his assets vanished to zero: The mystery behind the downfall of Polymarket’s “God of | Bee Network

LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@wenser2010MarketPersonal homepage informationcrypto: Odaily Interview with “Polymarket’s First Person in the Chinese Region”: A 25-Day Journey to 225x ReturnsRelated: Stop packaging high-risk investments as stablecoins. The world of stablecoins is never short of stories, but it lacks respect for risk. In November, stablecoins ran into trouble again. A “stablecoin” called xUSD experienced a flash crash on November 4th, plummeting from $1 to $0.26. As of today, it continues to fall, having dropped to $0.12, wiping out 88% of its market capitalization. Image source: Coingecko The project that ran into trouble was Stream Finance, a high-profile project that managed $500 million in assets. They packaged their high-risk investment strategy as the dividend-paying stablecoin xUSD, claiming it was “pegged to the US dollar and automatically generates interest,” essentially just incorporating investment returns into it. However, any investment strategy cannot guarantee perpetual profits. On October 11th, the day of the crypto market crash, their off-chain trading strategy failed,…# Analysis# crypto# MarketPre Federal Reserve vs. Treasury: The Currency War Hidden Behind the Bitcoin CrashNext Exploiting the descendants of the deceased?! The community condemns the Vaulta Foundation for "five deadly sins".24H Hot Cryptocurrencies and Key News|Binance Files Lawsuit Against WSJ for Defamation; CZ Claims Forbes Billionaires List Ranking “Not Accurate” (March 12)6086cf14eb90bc67ca4fc62b1CertiK’s Annual Security Report: Web3 Losses to Increase by 37% Year-on-Year in 2025, Phishing Attacks and Supply Chain Incidents Become Major Threats6086cf14eb90bc67ca4fc62bTen models broken down: How much should ETH really be worth?6086cf14eb90bc67ca4fc62b22026 Davos Annual Meeting: How Did Web3 Giants Discuss the Future?6086cf14eb90bc67ca4fc62bOn the eve of the new “Roaring Age”: Decoding the logic of risk asset allocation during the interest rate cut cycle6086cf14eb90bc67ca4fc62b1Following the same pattern, what will be the effect of SingularityNET ecosystems merger?6086cf14eb90bc67ca4fc62b1No commentsLogin immediatelyCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsWhite Paper RolesFAQPrivacy PolicyTerms of ServicesCoinCarpBinanceCoinMarketCapCoinGeckoCoinliveArmorsWhite PaperRolesFAQPrivacy PolicyTerms of ServicesAirdrop HuntersData AnalysisCrypto CelebritiesTrap Detector繁體中文简体中文日本語Tiếng Việtالعربية한국어Bahasa Indonesiaहिन्दीاردوРусский

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