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Showing posts with the label binance

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)

Bitcoin sells off as auditing firms cease audits of Binance and other exchanges. May indicate that the books are cooked. FTX was just the tip of the iceberg, the whole crypto 'eco-system' could collapse.

Binance is under investigation by the Department of Justice for money laundering. In just under a month the Crypto exchange with its own coin loses $6 Billion in outflows. This could be the death spiral for Crypto as its web of collateral and tethering is a mess of unaccountable finances. All eyes on Binance and its CEO.

Bitcoin (BTC) corporate underwrite is on. Too big to fail in an unregulated market, possible backstopped to maintain the colleterial that BTC holds within the crypto ecosystem. Will be only a matter of time when it breaks 15000.

Is a liquidity crunch about to sweep the crypto markets once more?