CRYPTO DIDN’T BREAK -- MARKET MAKERS DID.
Tom Lee says the real reason $BTC and $ETH have been bleeding since Oct 10 is the massive liquidation shock that crippled market makers.
A stablecoin mispricing triggered ADL across exchanges, wiped out nearly 2M accounts, and left market makers short on capital -- shrinking liquidity ever since.
When liquidity dries up, every dip feels worse than it really is. In 2022 it took 8 weeks to flush out. We’re 6 weeks in now.
This isn’t a “new bear market”. It’s the lag effect of a huge liquidation event unwinding in slow motion.
When liquidity normalizes, crypto usually snaps back fast. 💯
⚡️XRP & TEL GIVEAWAY⚡️
Markets are down, down bad, and as a result I want to lift someone’s spirits.
I am giving away $500 TEL or XRP to one lucky follower of mine.
To enter, follow me, repost, and comment “$589” when done
@cryptoo_doctor $Tel of course
XRP already is a huge mc and they hold so much supply its overwhelming
They have enough to keep dumping on you for years and years
Telcoin on the other hand, market cap is at least 300X below and they have most of the coins already in circulation SAFU
🇧🇷 ALERT: A WhatsApp worm is spreading in Brazil and infecting phones with the Eternidade Stealer trojan, stealing access to crypto wallets and banking apps.
Stay safe.
Head of BIS: Stablecoins must be issued by Banks
Telcoin is the First U.S. Digital Asset Bank
Agustín Carstens, Head of the BIS (the central bank of central banks) explains private stablecoins issued by non banks lack singleness.
‘…you might be in a situation where there is an exchange rate between a pound stablecoin issued by person X and the stablecoin issued by person Y.
If they’re not back the same, you’ll have an exchange rate between them, and there is no singleness of money…’
What’s the solution?
“…pound issued by a commercial bank and a pound issued by the Bank of England are exactly the same…
That’s the singleness of money.”
The risk the BIS keeps warning about?
Telcoin already fixed this by Telcoin’s Digital Dollar eUSD
eUSD is issued by Telcoin’s fully chartered Digital Asset Bank, redeemable 1:1 at par.
This is Exactly the model Carstens demands.
America now has the first regulated digital asset bank while everyone else is still applying for bank charters.
@telcoin@FT TEL
@CryptosR_Us This needs an update with $Tel
Telcoin is the first crypto depository bank in the us that is regulated with the ability to issue fdic insured stable coins backed by us treasuries
@0xAlpha_Ape@AshCrypto What most people don’t realize is we did not choose to have a federal reserve
Yet we got stuck with one anyway and they are stealing all of our money by diluting the dollar and making it worthless and most things in the world unaffordable
They need to lower rates now and do QE!!