SBF paid $300,000,000 👀 to Michael Kives of K5 Global — a former Pres Clinton staffer and fundraiser for Hillary’s 2016 presidential campaign.
The rabbit hole gets deeper. 🕳
CZ's private chats with SBF indicate that he has a very real concern about the de-pegging of Tether. When they were still buddies, CZ tried to convince SBF not to short Tether. Unfortunately, he won't be able to stop Fir Tree and other traditional hedge funds from doing it.
We saw some withdrawals today (net $1.14b ish). We have seen this before. Some days we have net withdrawals; some days we have net deposits. Business as usual for us.
I actually think it is a good idea to “stress test withdrawals” on each CEX on a rotating basis. 💪
1/2
$lunc is basically a scalping system for whales that prey on green candle chasers. That’s why we see some crazy 1-5 minute ⬆️ action once in a while. Money can be made with patience but needs constant monitoring. Conditions change quickly or you become a bag holder in🩸
Three things here:
1) The LUNC community wasn’t happy with this approach.
2) It’s going to take a while to develop.
3) It’s not going to work anyway. Our traders won’t vote for it.
Since then, we were discussing a better, quicker way to support the community.
This way we can be fair to all users. The trading experience and liquidity remain the same, and Binance can still contribute to the supply decrease of LUNC, which is what the community wants.
Instead, we have decided to begin burning all trading fees collected on the LUNC/BUSD and LUNC/USDT spot and margin trading pairs on Binance.
Fees will be converted to LUNC then sent to the burn address. The burn is paid at our expense, not the users’.
@cz_binance @Ola47825038 CZ, you don't understand this market, ordinary people not whales, small users will develop crypto, new rich people will come and invest, people will believe in crypto, those people see lunc, they believe, This market is destroyed by lunc, only lunc can save, not btc, not eth!
@LunaBurn_13 show us all token burning be transparency to loyal ivestor. and always updated the quantity of token afeter burn.., like bnb burning they transparency to did it.... GOD Bless LUNC Community.
$lunc ✅So far following exactly the prediction I posted 5h ago (right picture). Compare! Overbought on 15min and a pullback, might re-test 27/26 support (upper green line).
🚨Still overbought on 2-4h. Risk!Read previous post below for details.