Ghost Swan Crash Wipes Traders – Kaspa Battles Back

Hey, welcome to Kaspa Daily Pulse – here’s what the Kaspa community’s been buzzing about today.

First up, the story everyone couldn’t put down: a prominent community figure, “Christian,” reportedly blew up his KAS stack using leverage on a centralized exchange. People recalled he’d already whittled down a big bag to around 13 million KAS, and some even said it went from “300 million to zero” after using his holdings as collateral on Kraken. The mood? A mix of disbelief and tough love: “hold spot, get off exchanges,” and please… no more all-in margin. Risk management matters.

Zooming out, Friday’s flash crash got a name: a “ghost swan.” Yonatan Sompolinsky framed the event—an estimated $560 billion wipe across crypto amid tariffs headlines and oracle hiccups—as avoidable DeFi cascades from bad transaction ordering. His pitch: a Turing-complete on-chain scheduler so users can pre-commit conditional logic and cut out those brittle, real-time reactions. He’s even calling for Rust-savvy cypherpunks and reformed MEV folks to build it. Big idea, clear target.

Third, leverage got cooked. Members said “literally everyone with leverage on Kaspa was wiped,” with open interest “down 10x.” One trader joked that only sub-1.12× would’ve survived. Meanwhile, Hyperliquid reportedly wicked to 0.009 before its liquidation engine earned praise—adding to the “don’t blame every CEX” narrative.

Related fallout: oracle design and refunds were hot topics. Some claimed Binance paid out about $283 million and admitted its oracle watched only its own order book—“terrible design,” one poster said—though others simply shrugged: at least some folks got made whole. Congrats, I guess.

Finally, builder chatter: Kasia—the encrypted messenger on Kaspa—was front and center. People swapped notes on SDK wishes, iOS support, VOIP dreams, even a race-condition bug affecting chat restore, while insisting the “Balance” component is separate. One line captured the vibe: “Kasia is the most cypherpunk development in crypto.” Ship it.

Quick sentiment check before we go: plenty of gallows humor, but also dip-buyers bragging about fills around 5 cents—and even the blink-and-you-miss-it 1 cent wick—plus relief to be “back at 6 cents.” Others posted a live snapshot showing roughly $0.062 with single-digit daily gains. Volatile, yes, but spirits aren’t broken.

That’s it for today’s pulse. Let’s see what tomorrow brings. Catch you then.