December 11, 2022
📊BREAKING NEWS: MARKET UPDATE 11/12📊
Withdrawals from accounts that “surprise benefit from market volatility” are restricted by Binance. On Binance, strange price changes have been observed. Even though the exchange immediately suspended the withdrawal feature for accounts that benefited from the fluctuations, the exchange’s CEO later referred to these actions as “normal moves.” 2. Changpeng Zhao and Sam Bankman-Fried have […]
- Withdrawals from accounts that “surprise benefit from market volatility” are restricted by Binance.
On Binance, strange price changes have been observed. Even though the exchange immediately suspended the withdrawal feature for accounts that benefited from the fluctuations, the exchange’s CEO later referred to these actions as “normal moves.”
2. Changpeng Zhao and Sam Bankman-Fried have a “squabble” about the past.
Sam Bankman-Fried, the former CEO of FTX, and Changpeng Zhao, the CEO of Binance, just had a very tense “fight” in which Sam claimed that CZ has “changed white and black” regarding the investment in 2021.
3. Users are about to use Coinbase to convert USDT to USDC.
The USDT briefly bounced off its deepest depeg since the LUNA-UST incident a few days after the FTX crash. As of the time of publication, however, the majority of USDT trading pairs have reverted to the $1 level. In the cryptocurrency sector, Tether is a name that frequently sparks debate. The reason is that, despite owning USDT, the biggest stablecoin on the market with a current market capitalization of over $69 billion, this company is still hazy in tracing margin cash flows
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