Thanh Tung 90

#dusk $DUSK @Dusk @Dusk
So where do you think DUSK’s strengths lie?

In the past, I believed the biggest value of blockchain was that everything could be seen and publicly verified.

But the more I look at real-world financial applications, the more I see that assumption has a pretty clear limit.

An investor may need to prove eligibility.
An organization may need to demonstrate that transactions comply with regulations.
A business may need to verify ownership of assets.

But to do those things, is it really necessary to disclose all of the data behind the scenes?

This is what caught my attention about Dusk’s approach to privacy.

Rather than treating privacy as a layer added after the blockchain is already complete, the Confidential Security Contract builds it directly into the logic of the smart contract.

That changed the way I think about the security problem.

Perhaps the right question isn’t how to make blockchain more discreet, but how to accurately determine which information needs to be disclosed and which should not.

In traditional finance, you also don’t need to know an entire counterparty’s assets or activities to confirm they are eligible to execute a transaction.

You only need a reliable proof.

If blockchain can do something similar, privacy won’t be at odds with verifiability anymore.

And maybe that’s the more significant leap: not turning blockchain into a completely secret system, but making privacy programmable and controllable.

#binancep2pantoan @Binance Vietnam
One time I sold USDT on P2P and ran into the exact kind of situation where “the buyer files a dispute even though the seller hasn’t received the money yet,” guys =)))

That day I had an order to sell 1,000 USDT. The buyer messaged me saying they’d transferred the funds, and then immediately clicked “Payment completed.”

I wasn’t in a hurry to Release the USDT—I went into my banking app to check first.

Check one: no money. Check two: still nothing. I figured the bank was updating slowly, so I waited a bit longer.

But still, the money never showed up.

I messaged the buyer again to ask what was going on. Instead of sending a transaction screenshot or transfer details, they just opened an Appeal right away.

At that moment I was like: “Huh? The money hasn’t reached my account yet, so why am I the one being disputed?” =)))

Luckily, I wasn’t panicking. I kept the order as-is—I didn’t cancel it. I also didn’t move the conversation to Zalo or Telegram to chat privately.

I took screenshots of the Order ID, the entire chat history, and the exact time the buyer clicked “Payment completed.” Then I went back into my banking app and checked the transaction history to prove that during that time window, there was absolutely no incoming transfer matching the payment.

When it came time to handle things through the Appeal, I sent all the evidence to Binance so they could verify and reconcile.

After this, I realized that P2P transactions are important not only in the buying/selling part, but also in how we handle disputes.

If the money hasn’t arrived, don’t Release the USDT. If there’s a dispute, stay calm—keep the order, keep the chat, keep the bank proof. And especially: everyone should only accept resolving it through Binance, not through unrelated third parties like Zalo or Telegram.

An Appeal isn’t as scary as the situation where, when you actually need to prove something, you end up having nothing to show, guys.

The OCC has granted World Liberty Trust Co. conditional preliminary approval to operate as a national trust bank, allowing a Trump-related company to directly issue its own stablecoin USD1 and to replace BitGo as the exclusive custodian.

Market reaction
WLFI token surged dramatically and then reversed sharply after the announcement, with on-chain data showing 39 million WLFI were transferred to exchange deposit addresses, raising concerns about selling pressure.

#binancep2pantoan @Binance Vietnam There’s a type of P2P transaction that, just hearing about it, already feels a bit “off”: you’ve paid, but to receive crypto you have to sit around waiting for the merchant to check the bank statement 😂

I used to think the biggest advantage of P2P is speed. Once you transfer the money, the seller confirms and completes the order—everything should take only a few minutes. But in reality, sometimes it’s not as fast as I imagined.

One time I paid a merchant, then waited forever and the order still wasn’t processed. At first I thought maybe they were busy, so I waited a bit longer. But then a few hours passed, and when I followed up, I got the usual familiar reply: “The shop is checking the bank statement to confirm the transaction—please wait a few more minutes.”

That sounds reasonable. But the problem is that “a few minutes” eventually stretches into a few hours =)))

I don’t think slow processing automatically means the merchant has an issue. Sometimes they really do need to reconcile the transaction, or the banking system updates slowly. However, for the buyer, once the money has been transferred but the order still sits there for hours, it definitely creates an uncomfortable feeling. Especially for those using P2P to protect their future position from getting burned—they’re even more impatient.

So if I run into this situation, I’ll keep all transaction evidence, the direct conversation in the Order, and I won’t follow any requests outside the process on my own. If the wait time is too long without a clear reason, Appeal is still the option so the platform can step in and check.

#dusk $DUSK @Dusk @Dusk Previously, I often thought that bringing financial markets onto blockchain was a fairly straightforward problem: digitize assets, put them on-chain, and then take advantage of DeFi’s speed and composability. But when I look more closely at Dusk, I begin to realize that the issue isn’t simply whether assets have been tokenized.

What caught my attention is that Dusk Trade is designed as a neobroker for assets such as MMFs, ETFs, and bonds—not just as a place to trade tokens. If this model truly operates like an MTF and an investment platform that complies with EU regulations, then the blockchain here must meet requirements that are very different from those of a typical crypto market.

I became even more convinced when Dusk mentioned collaborating with licensed institutions in the EU, including NPEX, an exchange regulated by the AFM. This detail changed my perspective: bringing finance on-chain may not be about discarding the old system, but about finding ways to combine blockchain infrastructure with the layers of controls that already exist.

That’s also why Dusk’s concept of programmable privacy is worth paying attention to. A managed market can’t always be completely public with all data, but it also can’t become a black box. Privacy, the ability to disclose selectively, and predetermined settlement must coexist.

I still don’t know whether Dusk can achieve this balance in practice. But it’s their approach itself that makes me want to follow more closely as their products and partners begin to operate in the real world.

#binancep2pantoan @Binance Vietnam

I used to think that P2P trading safety was something the platform handled

At first, I often believed the hardest part of trading on Binance P2P was finding a counterparty with a sufficiently good profile. As long as the completion rate is high, the trade volume is substantial, and they have a merchant badge, I assumed the risk was reduced significantly. I also used to think that the rest was handled by Binance through escrow and the dispute system.

But the more I researched, the more I realized that mindset was incomplete. Mechanisms like escrow, the chat system, and the dispute process do add an extra layer of protection, but they still can’t replace my judgment in each individual transaction. In other words, the platform may control part of the risk, while the users’ subjectivity is another variable.

I started paying closer attention to the moment right before unlocking the assets. A screenshot of a transfer can look very convincing, especially when the other party keeps urging you to proceed. But the more I thought about it, the more I saw no reason to trust an image more than the real data in my own account. If the money hasn’t appeared in the bank or wallet yet, I still consider the transaction incomplete.

Red flags like changes to the payment account, requests to conduct the transaction outside the platform, or pressure to process quickly also made me more cautious. I used to dismiss these as mere inconveniences. Now, I see them as reasons to stop and start the checks again from the beginning. Perhaps the biggest change isn’t how I use Binance P2P, but how I think about safety. I no longer believe that having a large platform automatically means I can be less careful.

#dusk $DUSK @Dusk @Dusk Previously, I often thought that putting financial assets on blockchain was mainly about moving what already exists in the real world into a new system. It could be bonds, ETFs, or other real-world assets—so long as they’re tokenized, then the hardest part seems to be solved.

But the more I read about Dusk, the more I feel that understanding is a bit too simplistic. There’s one detail that caught my attention: DuskEVM not only provides a Solidity-compatible environment for developers who are already familiar with it, but also integrates with Hedger to create private, EVM-based processes that can still be verified.

From there, I began looking at the problem differently. In a regulated financial market, blockchain can’t simply choose between fully transparent and fully private. A transaction may need to be kept confidential to most of the market, but still allow authorized parties to verify when necessary. That’s why Hedger’s homomorphic encryption and zero-knowledge proofs interest me more than the familiar EVM story.

This also ties into Dusk’s ambitions with RWA and native issuance. Tokenizing an asset is just the first step; if the entire process of issuance, transaction, and settlement can run on-chain, then the underlying architecture must handle far more complex requirements.

I haven’t yet concluded that these things are enough to prove Dusk’s model will work. I want to wait for the mainnet and see how real financial processes put these ideas to the test.

#dusk $DUSK @Dusk Previously, I often thought that when a blockchain wants to attract financial applications, the most important thing is still to make building feel familiar. EVM, Solidity, available tools... the less that needs to change, the easier it is for developers to jump in. I once saw that as almost a sufficient condition.

But when I read about DuskEVM, one detail made me rethink: Hedger isn’t just added as a standard security layer—it uses homomorphic encryption combined with zero-knowledge proofs to create private EVM workflows that can still be verified.

This made me realize I’d oversimplified the privacy problem quite a bit. For a typical financial application, “hiding data” sounds like a clear goal. But for regulated organizations, if everything is completely concealed, privacy can turn into an issue. They still need the ability to check transactions, verify conditions, or prove that a process complies with regulations without necessarily exposing all the underlying data.

From that perspective, DuskEVM isn’t only trying to bring the EVM to another blockchain. More notably, it’s attempting to resolve the tension between privacy and verifiability.

I still don’t think this architecture alone is enough to prove that Dusk will succeed. The upcoming mainnet is when those ideas will face real-world pressure. I want to keep observing how Hedger performs when truly live financial processes run on it.

#binancep2pantoan @Binance Vietnam
In the past, I often assessed a P2P trader on Binance as being fairly fast. Looking at the completion rate, the counterparty’s number of transactions, and seeing that everything seemed fine, I assumed the hardest part had already passed. I used to think those numbers were enough to give me a certain level of confidence.

But the more I looked into it, the more I realized I had attached too much meaning to that data. A good profile can be a positive signal, but it doesn’t tell me exactly what will happen in the next transaction. So I started paying more attention to how I verify each step, rather than just looking at the counterparty’s reputation.

Especially when it comes to the timing for releasing assets. I used to think that a screenshot of a successful transaction could be fairly reliable evidence. Later, I realized that wasn’t enough. If the money hasn’t appeared in my bank account or wallet, then basically I still don’t have a reason to release it. Maybe waiting a few minutes isn’t significant compared with the risk of making a rushed decision.

I also realized that saving the Order ID, receipts, and chat history matters more than I thought. When everything goes smoothly, they’re almost meaningless. But if a dispute arises, those small details help make the transaction story clearer. And there’s one principle I’ve come to find more and more reasonable: all exchanges should be kept on Binance. I’m not sure how much value an external promise has when something goes wrong. At least within the system, the transaction has a history and evidence for cross-checking.

#binancep2pantoan @Binance Vietnam

Previously, I often thought P2P trading on Binance was safe mainly because Binance is a large platform. There’s Escrow, there are merchant badges, there’s a chat and dispute system—so I assumed that if anything went wrong, the platform would handle it. But the more I learned, the more I realized that way of thinking is a bit too simplistic.

Those protective mechanisms are truly important, but they don’t mean users can skip the responsibility of doing their own due diligence. An account with a high completion rate or a long transaction history gives me more data to evaluate, but it’s not an absolute guarantee for the transaction currently taking place.

I also started paying closer attention to very small signs: the counterparty keeps urging me, wants to change the payment account, asks to move the conversation to Telegram, or gives some reason to take the transaction off Binance. Previously, I might have brushed that off as normal. Now, I think the appearance of even one of these signs is enough for me to slow down.

What changed my mind the most is the principle of always trading within the platform. I used to believe switching to another channel was only a matter of convenience. But in reality, once you leave Binance, the exchange history and transaction data are no longer in the same system that supports dispute resolution. Maybe I placed too much trust in the platform before, and forgot the role that I, myself, must play. Binance can build multiple layers of protection, but in the end, it’s still me who decides whether to step over a suspicious signal.

#binancep2pantoan @Binance Vietnam

In the past, I often thought that Binance P2P transactions only require choosing the right seller, making the transfer, and waiting for the assets to be released. If the counterparty has a good trading history and a high completion rate, then basically everything is fine. I believed that because I was so accustomed to seeing the numbers on a profile as a kind of guarantee.

But the more I learned, the more I realized I had oversimplified the issue. A good profile definitely has reference value, but it cannot turn a specific transaction into one with zero risk. What caught my attention more was what happens within the few minutes between making the transfer and when the assets are released.

I started to pay special attention to urgent demands—changing the payment account, or requesting that the payment be moved to another channel. Previously, I might have viewed those as only minor inconveniences. Now, I think they should be treated as signals to stop and check more thoroughly.

In particular, I no longer consider a screenshot of the transfer as strong enough evidence. Money only truly exists to me when I log into my bank myself and see the transaction reflected in my account. That might make the transaction a few minutes slower, but I’m not sure whether speed is worth trading for.

Another thing I used to overlook was saving the Order ID, the receipt, and the chat history. Only when I considered the possibility of a dispute did I realize that those things I thought were unimportant suddenly became necessary evidence.

#binancep2pantoan @Binance Vietnam

I think the most dangerous thing in P2P trading isn’t necessarily a bad counterpart, but the feeling that you’ve grown too accustomed to the process. Choose the trader, transfer the money, receive the assets. After doing it many times, we can start to treat the very important steps of verifying funds as just an unnecessary formality.

Binance P2P has an Escrow mechanism, a chat system, and a complaint workflow to reduce risk. But I still have some doubts about the idea that simply trading on a large platform automatically makes everything safe. Technology can create a layer of protection, but it can’t stop a user from clicking “confirm” when they haven’t checked carefully.

I’m especially wary of trades that show signs of being pushy. “Transfer quickly for me,” “time is almost up,” “just unlock it—the money has already been transferred.” These seemingly harmless phrases can easily cause us to skip the most important step: checking whether the money has truly arrived in the account.

A screenshot isn’t enough to convince me. I want to open my banking app myself and check the transaction. If I don’t see the funds, I will wait. The other party might be annoyed, the order might take longer, but at least I’m not trading off safety for a few minutes of speed. And I definitely don’t like taking the trade outside Binance. When everything stays within the platform, the chat history and order details remain there if a dispute happens. When we trade outside on our own, we’re essentially walking away from the layer of protection we already have. In the end, I realize that P2P isn’t as scary as I thought. What’s scarier is my own complacency. In any trade, slowing down a little is probably still better than regretting it later.

#binancep2pantoan @Binance Vietnam

I once thought P2P trading was fairly simple. The buyer pays, the seller confirms, and then the assets are released. Everything happens on a large platform like Binance, so it feels like safety is almost guaranteed. But the more I learn, the more I realize that way of thinking can be somewhat dangerous.

Binance P2P has layers of protection such as escrow, the chat system, merchant badges, and a dispute process. But in my view, nothing can fully replace the user’s vigilance. Escrow can hold the assets, the system can record the conversation, but the final decision still rests with us.

I pay special attention to the step of verifying the counterparty. An account with a high completion rate or thousands of transactions might feel reassuring, but it isn’t proof that every single trade is safe. So I still want to check the payment account name, transaction history, and related information before proceeding.

The most important moment is probably when you’re about to release the assets. A screenshot of a transfer can be very convincing, but it’s still just an image. I’ll only trust it when I personally check the bank account or wallet and see that the money has actually arrived. And if there’s a dispute, the Order ID, receipt, and chat history will become important evidence. I think this is also why you shouldn’t be too hasty in P2P. Once the money has been transferred, it’s very difficult to get it back. Spending a few more minutes to double-check sometimes costs nothing.

Maybe safe trading doesn’t come from believing that the platform will always protect you, but from understanding that you still have to protect yourself.

#binancep2pantoan @Binance Vietnam
Would you be willing to trade P2P on Binance?

At first glance, Binance P2P trading seems quite simple: choose a buyer or seller, transfer money, and complete the order. But that very simplicity sometimes makes users complacent. In P2P, the counterparty on the other side of the transaction is not always trustworthy just because their profile looks normal.

Before trading, check the completion rate, the number of transactions, and the merchant badge. This information doesn’t guarantee that a transaction will be safe, but it at least gives you more basis to evaluate it. In particular, the payment account name must be carefully matched to the order details.

More concerning are unusual signs that may appear along the way: pushing you to complete the transaction very quickly, asking you to change the receiving account, urging you to switch to Telegram or another channel, or providing strange transfer contents. Requests like these are not always scams, but they are enough to make a cautious person stop and verify.

Perhaps the most important principle is still: **don’t leave the platform**. During the exchange, payment, and dispute handling, everything takes place within Binance P2P. The system has data to support you if something goes wrong. If you trade outside the platform, you may end up losing a significant part of your protection.

Finally, save the Order ID, the receipt, and the chat history. When there’s a dispute, don’t try to resolve it yourself with promises made outside the platform. Use the complaint process and contact Binance Support. In P2P, sometimes the safest thing isn’t to trade quickly, but to know when to stop.

#binancep2pantoan @Binance Vietnam

Binance P2P is where users buy and sell digital assets directly with each other, while the platform serves as a connector and supports transactions. Since transactions take place between individuals, safety depends not only on technology, but also on each person’s habits.

One of the most important layers of protection on Binance P2P is the escrow mechanism. The seller’s assets are locked until the transaction is completed. Combined with the chat system, merchant badges, and the dispute resolution process, it helps handle disputes transparently. However, all of these measures only work effectively when you always trade on the platform.

Before getting started, take a few minutes to check your counterpart. Verification badges, a high completion rate, and stable transaction history often reflect trustworthiness. Also, cross-check the name of the account holder on the payment account with the information shown on the order. A small detail can sometimes help you avoid unnecessary risks.

During the transaction, never release the assets just because you receive a screenshot of a transfer. Log in directly to your banking app or e-wallet to confirm that the money has truly arrived in the account. If you still have any doubts, be patient and wait for verification rather than rushing.

After the transaction is completed, save the Order ID, the receipt, and the content of the chat messages in the chat window. If any issue arises, open a dispute right on Binance so the 24/7 support team has all the necessary information to resolve it. In P2P trading, being cautious sometimes only takes a few extra minutes, but it can help you avoid needless losses.

Should you buy $BTC now, guys?

#baby $BABY @BabylonLabs_io
According to everyone, will the price of Bitcoin go up or down tomorrow?

What makes me think the most is a paradox that has existed for years: Bitcoin is the largest asset in the crypto market, yet only about 1% is used in DeFi. It’s not because Bitcoin holders don’t want to generate more value from their assets, but because the cost of doing so is often too high. They have to accept wrapping, bridging, transferring assets to custodians, or placing trust in intermediaries—things that run counter to the core philosophy Bitcoin was created to protect.

Babylon’s Trustless Bitcoin Vault (TBV) offers a remarkable approach. Instead of asking users to trust an organization that holds Bitcoin, TBV shifts that trust to cryptography—together with the security provided by the Bitcoin and Ethereum networks and the protocols that the assets are used in. This is not only a technical improvement, but also a respect for Bitcoin’s fundamental principles: self-custody and minimizing reliance on third parties as much as possible.

If this model is proven at scale, it could unlock the enormous liquidity currently sitting idle in Bitcoin, while bringing DeFi closer to the spirit of genuine decentralization. It’s an inspiring vision, because the future of DeFi doesn’t necessarily have to create many new assets—it can start by giving Bitcoin a role worthy of its stature.

#baby $BABY @BabylonLabs_io Once, I asked a friend who has held Bitcoin since very early on: "Why have you never used BTC to borrow in DeFi?" He smiled: "Because I believe in Bitcoin—not necessarily in the intermediary layers built around it." That short answer hits on an issue the market still hasn’t fully resolved.

Bitcoin is the largest crypto asset, but to participate in DeFi, users often have to accept wrapped BTC, bridges, or a custodial party. Each option trades away some degree of decentralization in exchange for usability. Trustless Bitcoin Vaults (TBV) are trying to go in the opposite direction. Instead of creating another version of Bitcoin, TBV lets you use the original BTC as collateral. The first application is borrowing on Aave v4, where users can use native Bitcoin to borrow assets such as USDC or USDT.

What I find particularly notable comes down to four points. First, BTC holders can access DeFi lending rates without selling their assets. Second, the self-custodial model helps users maintain control of their private keys. Third, the collateral is native Bitcoin rather than a representative token. And finally, the trustless mechanism removes reliance on a centralized intermediary, reducing a layer of risk that has existed for years.

However, "trustless" doesn’t mean there are no risks. A new model still needs to prove its stability over time, especially when operating between the Bitcoin network and the DeFi ecosystem. Integrating with Aave v4 is a noteworthy milestone.

In your opinion, what makes Trustless Bitcoin Vaults (TBV) special?

Binance’s perpetual ETF contracts have surpassed $11.6 billion in total trading volume since their launch in March 2026, with market share soaring from 18% to 74%.

Product expansion
Now Binance offers 146 perpetual contract pairs tied to traditional financial assets, adding 35 more pairs in the past month, including instruments such as SPY and many others.

Growth signals
Currently, ETF perpetual contracts account for 19% of Binance’s total TradFi perpetual contract trading volume in July.

#baby $BABY @BabylonLabs_io One time, a friend asked me: "If you could use Bitcoin itself to borrow stablecoins without wrapped BTC or a bridge, would you try it?" I didn’t answer right away. What I was concerned about wasn’t the yield or the leverage, but the mechanism that could make it work while still preserving Bitcoin’s core principles.

That’s also what caught my attention when reading about Trustless Bitcoin Vaults (TBV). For many years, whenever Bitcoin wanted to enter DeFi, it almost always had to go through some kind of intermediary layer: a bridge, a wrapped token, or a custodian. TBV takes a different approach—allowing native Bitcoin to be used as collateral across multiple blockchains without wrapping it or granting control to a third party. The first application, with Aave v4, enables users to use native BTC to borrow USDC or USDT on Ethereum. If this model works exactly as designed, the amount of Bitcoin that has been sitting idle could become a source of liquidity for lending, stablecoins, and many other financial applications—without having to give up too much in terms of ownership.

That said, an enticing idea doesn’t necessarily mean success. "Trustless" is a technical goal, but the final effectiveness still depends on the implementation process, the ability to integrate, and the level of adoption by these protocols. Expanding Bitcoin into multiple ecosystems also means having to face new risks—risks that only new time can truly verify.

I keep coming back to my friend’s question from that day. Maybe what’s worth observing isn’t whether TBV changes DeFi, but whether it can help Bitcoin enter the on-chain economy while still maintaining the values that made people trust it in the first place.