To reduce further cascading negative effects of FTX, Binance is forming an industry recovery fund, to help projects who are otherwise strong, but in a liquidity crisis. More details to come soon. In the meantime, please contact Binance Labs if you think you qualify. 1/2
On the eve of the FTX collapse, we did our best to warn the 17,000 readers of Bitcoin Magazine Pro of the risks of holding funds on FTX, and detailed the reasons for these concerns (regarding suspicions of leverage around FTT).
Considering checking out our work (link below)👇
$BTC - The only chart you need
2 possibilities:
-Quick scam pump to 20000-20500 and nuke afterwards.
-Clean break of the 18400-18700 support and straight dump to the main target.
Both possibilities lead to the same target of 14k-16k.
My first bitcoin investment was in 2015/16 at ~$400 (yellow circle), 2 yrs after I read the bitcoin white paper in 2013. My second investment was in 2018/19 at the bottom of the bear market at ~$4K, at the time when I published the S2F model. My third investment is now, at ~$20K.
MicroStrategy has purchased an additional 301 bitcoins for ~$6.0 million at an average price of ~$19,851 per #bitcoin. As of 9/19/22 @MicroStrategy holds ~130,000 bitcoins acquired for ~$3.98 billion at an average price of ~$30,639 per bitcoin.
https://t.co/5kYW98ij4I
Guess what’s brewing today? ☕️
@Starbucks unveils Starbucks Odyssey #onPolygon!
A unique experience that enables you to earn and buy digital collectible stamps and unlock new, coveted coffee experiences. 🌟
Read more 👉🏽 https://t.co/U8nKjUb8sY
ETHW mainnet will happen within 24 hours after the Merge. The exact time will be announced 1 hour before launch with a countdown timer and everything including final code, binaries, config files, nodes info, RPC, explorer, etc. will be made public when the time’s up.
2/n
Global Central Bank Update:
-Australia hikes rates for the 5th month in a row, 50 bps increase to 2.35%.
-Chile hikes rates for the 10th time, 100 bps increase to 10.75%, highest rate since 1998.
#Ethereum went from looking really good to really bad, very fast
Closed below $1700 which is pretty bearish
Looks like the floor has fallen out beneath it
Something like this
I'm looking to hedge shorts $1350-1450
don't think we lose that level unless we get a liquidation cascade... which I'm not ruling out.
$ETH
#Bitcoin climbing upwards.
▫️ Lows have been taken in the past 24 hours.
▫️ Crucial to break $23.7K back.
▫️ If a move to $24K occurs, a flip of $23.7K is trigger for longs.
The trend remains upwards on higher timeframes.
Still expecting $28-30K in the next weeks.
Binance froze/recovered $450k of the Curve stolen funds, representing 83%+ of the hack. We are working with LE to return the funds to the users. The hacker kept on sending the funds to Binance in different ways, thinking we can't catch it. 😂
#SAFU
The terminal total difficulty has been set to 58750000000000000000000.
This means the ethereum PoW network now has a (roughly) fixed number of hashes left to mine.
https://t.co/3um744WkxZ predicts the merge will happen around Sep 15, though the exact date depends on hashrate.