1) World of difference in the claims between Binance and Coinbase from the SEC.
2) SEC is claiming they allowed an unregistered broker-dealer to be reviewed, IPO and public trade for years without action or guidanceโฆ๐คก
Time to get Gensler in front of Congress again.
The more the SEC does this the more it shows the importance of free markets
Itโs very clear the SEC is corrupted and is refusing to act in good faith, system has to be shaken up asap.
Over the last year, crypto has seen:
1. Collapse of FTX, larger fraud than Enron
2. $2 trillion+ erased in bear market
3. Over 300 class action lawsuits since 2022
4. Collapse of regional bank system
5. Binance and Coinbase now sued by SEC
Yet, the total crypto market cap is still $1.2 trillion.
The resiliency of crypto markets is incredible.
Former SEC chief warned crypto promotors and influencers to be wary of their wrongdoings and be ready to face prosecution as SEC is coming for them. https://t.co/K0G138inNz
Hackers have stolen $1.1M from crypto exchange platform Level Finance. The number of affected users by hackers has increased in the last few years, rising to 422 million in 2022.
$UNIDX is making waves in the world of DeFi๐ฅ
The project's big releases are expected very soon, such as:
- Appchain
- Perp v3
Also, keep in mind their record volumes, so record fees in April and TVL ATH๐
Def keep an eye on @UniDexFinance. Only patience and DYOR are needed๐
I'd really like to know who bought 96 $SIVB 17 March 23 $150 P's on March 6 for $0.01. They're trading around $64.30 right now.
$96 into $617,184
aka a +642,900% gain
Has anyone ever seen a bigger % options pay off?
I sure haven't
JUST IN: Circle $USDC stablecoin falls under $0.90, down 11% in a matter of hours.
Circle has $3.3 billion at the collapsed SVB.
The collapse of SVB is sending ripple effects through markets.
In an already low liquidity environment, crypto is nearing a major liquidity crisis.
Blockchain data shows the developers of ArbiSwap minted 1 billion fake tokens, swapping these for USD Coin and then for nearly 69 ether. By @shauryamalwa.
https://t.co/IuNT20GIx6
The FED put forward a 25bp rate hike yesterday inline with market expectations. It also indicated two more similar rate hikes will follow and the need to stay restrictive for some time. Powell discounted the prospect of a 2023 rate cut, but swaps are pricing in 50 bp reduction.