Binance, Coinbase and Bitcoin in the sights of Hedge Funds and shortsellers after the SEC has sued Binance the largest Crypto exchange in the world, for fraud. NASDAQ IS EXTREMELY OVERBOUGHT SINCE THE svb BAILOUT march 2023. (update 1)
Full litigation document from the SEC re: Binance being sued sec.gov/files/litigation/complaints/2023/comp-pr2023-101.pdf
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All Coinbase analysis via CHIASMUS MARKETS: chiasmusmagazine.blogspot.com/search?q=coinbase
*Update*
The US Securities and Exchange Commission (SEC) is about freeze Binance's clearing companies. All eyes on the NASDAQ, to see how much Crypto and/or its exchanges have rallied the index. All relating to Silcon Valley Bank bailout in March 2023, which was essentially a tech bailout. Refer to Charts 1 and 2 of the NASDAQ futures.
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*Update*
Binance is facing a total freeze on all of its assets via the SEC. A warning shot was the shutting down of the ridicules amount of crypto 'pairs' one could trade on the Binance platform, with no idea if any liquidity is actually backing any of them. Thus is turn, Bianace's lenders (investment banks) will be pulling the plug one by one. Binance is playing the libertarian/blogosphere whinge card of 'ideological' paranoia on of course (where else?) the Twitter relays.
"The SEC has taken to using extremely aggressive and intimidating tactics in its pursuit of an ideological campaign against the American digital asset industry. Binance.US and our business partners have not been spared in the use of these tactics"
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