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Showing posts with the label crash
NASDAQ falls 5.76% over two days, although this is not at a crash, be wary. Speculation in the tech sector is rampant, and has been holding up global indices with expectations of a crypto/AI dominance. Further unwinding could be on the cards, noting that the headwinds for the global economy are numerous in consecutive beatdowns.
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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.
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