CFTC: Binance's first COO Samuel Lim was also sued, but Binance refused to provide his Singapore address
🇭🇰 Hong Kong regulators to assist crypto firms with banking in effort to become a digital asset hub.
OKX announced the establishment of a Hong Kong entity and is applying for a virtual asset license
Federal prosecutors in Manhattan accused Bankman-Fried of directing the transfer of at least $40 million of cryptocurrency to benefit Chinese government officials
Consumer confidence and Senate banking committee hearing over the next couple of hours might spice up things a little
The next FOMC meeting in May is almost a 50/50 split between a pause and a hike. June is even more uncertain, with the possibility of a cut, pause, or hike, which is proving bearish for gold and BTC.
There are two key price levels to watch currently: $27,400 and $28,000 for higher targets, and $26,400 for lower targets of $25,500. The range is getting narrower over time, so we can expect a squeeze soon. Long/short volatility is expected.
The CFTC's actions regarding Binance and CZ are also creating short-term panic in the market. The CFTC alleges that Binance itself made the pumps (driven by BUSD/CVD Spot). Binance has a war chest of roughly $35B, with actual liquid assets closer to $30B. They also hold roughly 420k BTC (valued at around $11.5B), $10B in stablecoins, and roughly $8B in ETH.
There are two key price levels to watch currently: $27,400 and $28,000 for higher targets, and $26,400 for lower targets of $25,500. The range is getting narrower over time, so we can expect a squeeze soon. Long/short volatility is expected.
The CFTC's actions regarding Binance and CZ are also creating short-term panic in the market. The CFTC alleges that Binance itself made the pumps (driven by BUSD/CVD Spot). Binance has a war chest of roughly $35B, with actual liquid assets closer to $30B. They also hold roughly 420k BTC (valued at around $11.5B), $10B in stablecoins, and roughly $8B in ETH.
Alpha
The next FOMC meeting in May is almost a 50/50 split between a pause and a hike. June is even more uncertain, with the possibility of a cut, pause, or hike, which is proving bearish for gold and BTC. There are two key price levels to watch currently: $27…
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$27,400 Break ^ can see $30,000
Approximately $200 million worth of Bitcoin was withdrawn from exchanges yesterday, and a total of 34,000 BTC have been taken off exchanges in the past week.
Montenegro Justice Minister: Both the United States and South Korea are seeking the extradition of Do Kwon
🇺🇸 SEC Chair Gary Gensler to testify before congress over cryptocurrency regulation.
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XRP Open Interest reached $900million.. 600m on BINANCE alone!
btw, many people received FTX payout info via email today, but it ended up in their spam folder. So, if any of you had assets stuck in FTX, be sure to check your spam folder or General Inbox...