FTX liquidator is suing ByBit for stolen funds of FTX in total 953 Million dollars.
Link
You should withdraw from Bybit now, they might go bankrupt over this 1 billion lawsuit.
You should use a safe exchange; for now that’s only our partner exchange for derivatives and kraken but that’s mainly spot only.
Link
You should withdraw from Bybit now, they might go bankrupt over this 1 billion lawsuit.
You should use a safe exchange; for now that’s only our partner exchange for derivatives and kraken but that’s mainly spot only.
Bloomberg.com
FTX Sues Crypto Firm Bybit to Recover Assets Worth $953 Million
FTX’s bankruptcy advisers sued crypto exchange Bybit Fintech Ltd and two corporate affiliates to recover cash and digital assets valued at roughly $953 million that was withdrawn from Sam Bankman-Fried’s crypto exchange before it filed Chapter 11 a year ago.
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Forwarded from ElevateEquity Trading®
CPI is in 2 hours. Forecast is 3.3 but we have to be below 3.7%
Anything below that technically speaking is good
3.3% market pumps
Anything below that technically speaking is good
3.3% market pumps
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ElevateEquity Trading®
CPI is in 2 hours. Forecast is 3.3 but we have to be below 3.7% Anything below that technically speaking is good 3.3% market pumps
BREAKING: 🇺🇸 US inflation falls to 3.2%, lower than expectations.
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There is a token airdrop today. 90.000 wallets are egilible.
You can check if your SOL wallet is one of them, and if so, claim your tokens today at 2pm UTC. Good Luck! 🔥
https://pyth.network/blog/guide-to-claiming-your-retrospective-airdrop-allocation
https://airdrop.pyth.network/review-eligibility
You can check if your SOL wallet is one of them, and if so, claim your tokens today at 2pm UTC. Good Luck! 🔥
https://pyth.network/blog/guide-to-claiming-your-retrospective-airdrop-allocation
https://airdrop.pyth.network/review-eligibility
www.pyth.network
Guide to Claiming Your Retrospective Airdrop Allocation - Blog - Pyth Network
Pyth Network’s Retrospective Airdrop rewards community & app users across 27 chains. Check eligibility & claim your allocation soon!
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In 8 hours, it's time for NVIDIA to deliver their numbers.
What If NVIDIA Fails to Deliver? Insights into AI's Future.
🔍 NVIDIA's Critical Earnings:
NVIDIA has consistently exceeded earnings expectations, vital for AI's momentum. Their success with AI chips like the A100 and H100 fuels AI innovations, including ChatGPT.
🌏 China's Strategic Moves:
Because of US restrictions, China --is-- was stockpiling chips. This demand should now weaken. Nvidia released a weaker special B series for China to circumvent US sanctions. However, this has also been forbidden. A potential C series is in the making, but because it is so weak, Chinese companies probably cannot operate their AI clusters efficiently and therefore won't buy it.
🔮 Scummy tactics:
NVIDIA's last earnings report was boosted by a triangle deal.
The billions that exceeded expectations came from this arrangement. The deal was between an NVIDIA-affiliated party and themselves, with money borrowed from BlackRock, which also has a financial interest in seeing NVIDIA stock go up.
📉 Market Implications:
NVIDIA's performance is closely watched. If they cannot pull a rabbit from a hat again, basically using financial magic, their earnings should weaken.
A downturn might cool AI hype drastically; all the big tech companies that currently push up index prices are bound to NVIDIA and their success. Stay tuned for more updates on how these developments shape the AI landscape.
What If NVIDIA Fails to Deliver? Insights into AI's Future.
🔍 NVIDIA's Critical Earnings:
NVIDIA has consistently exceeded earnings expectations, vital for AI's momentum. Their success with AI chips like the A100 and H100 fuels AI innovations, including ChatGPT.
🌏 China's Strategic Moves:
Because of US restrictions, China --is-- was stockpiling chips. This demand should now weaken. Nvidia released a weaker special B series for China to circumvent US sanctions. However, this has also been forbidden. A potential C series is in the making, but because it is so weak, Chinese companies probably cannot operate their AI clusters efficiently and therefore won't buy it.
🔮 Scummy tactics:
NVIDIA's last earnings report was boosted by a triangle deal.
The billions that exceeded expectations came from this arrangement. The deal was between an NVIDIA-affiliated party and themselves, with money borrowed from BlackRock, which also has a financial interest in seeing NVIDIA stock go up.
📉 Market Implications:
NVIDIA's performance is closely watched. If they cannot pull a rabbit from a hat again, basically using financial magic, their earnings should weaken.
A downturn might cool AI hype drastically; all the big tech companies that currently push up index prices are bound to NVIDIA and their success. Stay tuned for more updates on how these developments shape the AI landscape.
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Binance in the crossfire of US justice - is a DPA looming?
The US judiciary is taking a new direction: Binance could avoid criminal prosecution through a Deferred Prosecution Agreement (DPA). 👇
What does that mean? Binance would have to fulfill strict conditions - pay massive fines, implement corporate reforms and demonstrate complete transparency. A change of course for the otherwise closed crypto exchange. 🚨
The DPA is like a sword of Damocles: Binance undertakes to cooperate, otherwise the charges could be reopened.
The challenge? Implementation is anything but easy and requires to be under observation that lasts 24/7/365 - an expensive undertaking. 🔍
Can they transform themselves from a libertarian to a law-abiding, transparent institution?
The situation is delicate - a dilemma between the demands of justice and their own principles...
The US judiciary is taking a new direction: Binance could avoid criminal prosecution through a Deferred Prosecution Agreement (DPA). 👇
What does that mean? Binance would have to fulfill strict conditions - pay massive fines, implement corporate reforms and demonstrate complete transparency. A change of course for the otherwise closed crypto exchange. 🚨
The DPA is like a sword of Damocles: Binance undertakes to cooperate, otherwise the charges could be reopened.
The challenge? Implementation is anything but easy and requires to be under observation that lasts 24/7/365 - an expensive undertaking. 🔍
Can they transform themselves from a libertarian to a law-abiding, transparent institution?
The situation is delicate - a dilemma between the demands of justice and their own principles...
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BREAKING: CZ Steps Down and Pleads Guilty!
Officially confirmed: CZ relinquishes his leadership role and admits to violating U.S. anti-money laundering laws.
Additionally: CZ retains majority shares in Binance.
AND: Binance accepts a hefty fine of 4.3 billion USD. 🤯
A turning point and clear signal for the industry!
Officially confirmed: CZ relinquishes his leadership role and admits to violating U.S. anti-money laundering laws.
Additionally: CZ retains majority shares in Binance.
AND: Binance accepts a hefty fine of 4.3 billion USD. 🤯
A turning point and clear signal for the industry!
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Rumour is Binance is now (after paying theses fines) out of money.
This explains the BNB sell off.
This explains the BNB sell off.
These are the most important economic news from yesterday:
🔸 The crypto exchange Binance and its CEO Changpeng Zhao have now been declared guilty and have agreed to pay billions in fines. The reason for this are several violations of money laundering. CZ stepped down.
➡️ The Co-President of Morgan Stanley, Andy Saperstein, has been diagnosed with cancer. However, he plans to continue working, provided he receives good treatment.
👁️ NVIDIA Corporation does it again! The company once again exceeds sales and profit expectations. The US company is doing brilliantly, although since shares were priced for perfection, the share price drops a little after the close. Nevertheless, investors seem to be very satisfied with NVIDIA's figures for the most part.
Let’s later look at how they did create those numbers. 🪄
➡️ The Co-President of Morgan Stanley, Andy Saperstein, has been diagnosed with cancer. However, he plans to continue working, provided he receives good treatment.
Let’s later look at how they did create those numbers. 🪄
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BTC Outlook
We may be going into another consolidation phase as BTC seems unable to break past the $38k resistance zone. No need to get chopped up in this range in the short term. If you want an entry, the fair value gap at $30-32k seems to be a solid position to buy into if you are looking for an entry. It may or may not happen anytime soon, but there is a good chance that FVGs will be retested eventually.
In terms of news, we do think that the actual ETF approval could be a sell the news event. It just seems like everyone is already positioned for the ETF approval and the actual benefits to having a spot BTC ETF will take some time to play out. Just because there is an ETF doesn’t mean TradFi will readily buy into it. With that said, we are fundamentally bullish on this in the long term.
In terms of ETH and alts, Total 2 (Mcap of Crypto excluding BTC) is facing local resistance and will need to breakout if we want to see a true altcoin rally. You could see some alts absolutely moon here or there, but we will need some more strength if we want something similar to the last bull market.
On-Chain sentiment is pretty positive currently as DeFi TVL finally turns positive after sustained bleeding in the bull market.
We may be going into another consolidation phase as BTC seems unable to break past the $38k resistance zone. No need to get chopped up in this range in the short term. If you want an entry, the fair value gap at $30-32k seems to be a solid position to buy into if you are looking for an entry. It may or may not happen anytime soon, but there is a good chance that FVGs will be retested eventually.
In terms of news, we do think that the actual ETF approval could be a sell the news event. It just seems like everyone is already positioned for the ETF approval and the actual benefits to having a spot BTC ETF will take some time to play out. Just because there is an ETF doesn’t mean TradFi will readily buy into it. With that said, we are fundamentally bullish on this in the long term.
In terms of ETH and alts, Total 2 (Mcap of Crypto excluding BTC) is facing local resistance and will need to breakout if we want to see a true altcoin rally. You could see some alts absolutely moon here or there, but we will need some more strength if we want something similar to the last bull market.
On-Chain sentiment is pretty positive currently as DeFi TVL finally turns positive after sustained bleeding in the bull market.
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Depending on the market tomorrow, we might release a gem.
Stay tuned; it’s been well researched and just picked up steam, we think now is a good point in time for this particular project.
The development did just reach a milestone, and they want to expand quickly. It’s a 50x potential coin; however, for now, we are aiming for a 9–15 million dollar market cap.
This should be achievable much quicker and does not require a full Bullrun!
The coin can be traded on Uniswap.
(and yes the picture is a hint, you won’t find it tho)
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Since multiple people asked: yes it’s an ERC20 token.
Meaning it can be bought with ETH on mainnet (or with a stablecoin through a DEX aggregator like 1Inch.io)
Market is currently looking favorable, we will probably call the gem in the evening.
Meaning it can be bought with ETH on mainnet (or with a stablecoin through a DEX aggregator like 1Inch.io)
Market is currently looking favorable, we will probably call the gem in the evening.
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If you don’t know how to use the ETH mainnet or DeFi in general, you should watch some YouTube videos about it.
I won’t cater to this audience; it’s your responsibility to find out how to make effortless multiples on your money (not guaranteed but good odds).
It isn’t difficult to use at all. A few tutorials, and you are up to speed.
Even for experienced users, check if you have enough ETH for transaction fees (a swap is currently about $25) and just go through the process again mentally.
I won’t cater to this audience; it’s your responsibility to find out how to make effortless multiples on your money (not guaranteed but good odds).
It isn’t difficult to use at all. A few tutorials, and you are up to speed.
Even for experienced users, check if you have enough ETH for transaction fees (a swap is currently about $25) and just go through the process again mentally.
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