Binance and CZ have been selling spot Bitcoin at an alarming rate, to defend the $BNB $220 liquidation waterfall.
As spot Bitcoin is sold off, BNB is purchased, which defends the $220 liquidation but also caps the upside potential of Bitcoin.
It is a total house of cards.
As spot Bitcoin is sold off, BNB is purchased, which defends the $220 liquidation but also caps the upside potential of Bitcoin.
It is a total house of cards.
1 $BTC put into the $ETH ICO and held until today, would now be worth ~131 $BTC. This means since public availability, $ETH has outperformed $BTC ~131x.
Bankrupt Bitcoin and crypto exchange FTX begins process to relaunch the exchange.
Mining
Someone purchased this Bored Ape NFT in October 2021 for $3.4 million. Today, the highest bid is $57,380.
The buyer could have purchased this 120-foot yacht. Instead, they have a picture of a monkey.