CZ vs Wynn: The Great Binance Reserve Debacle!
The message sparked concerns around transparency but Changpeng Zhao (CZ) was quick to respond.
The message sparked concerns around transparency but Changpeng Zhao (CZ) was quick to respond.
To an outside observer (say, your grandmother or an especially skeptical goldfish), this would seem like the very definition of “something’s up.” High wallet creation has historically signaled that people sense a whiff of opportunity or, at least, the chance to join a group chat about decentralized finance. In contrast to twitchy trading bots and fast-money funds, a blossoming bunch of new accounts smells suspiciously like honest-to-goodness user engagement—although let’s be honest, some could just be opportunists with a dozen email addresses and too much time.
If you’re counting, that’s about $5.47 billion tucked away in a collection that’d make any crypto bro weep. This fortune is not only kept in company coffers but also shuffled around as loan collateral and assets under management. Yet even with all this, Marathon is still trailing behind Michael Saylor and his company, Strategy (formerly MicroStrategy, presumably shortened because time is money). Saylor has gathered more than 597,000 BTC, enough to make even Scrooge McDuck jealous. Last week, Strategy bought nearly 5,000 more coins, probably because Michael needed something to do between yachts. 🚤
The listing was announced on Coinbase’s official channels, confirming that users can now buy, sell, transfer, and store Wormhole on both desktop and mobile apps. This step marks a significant milestone for Wormhole, which supports interoperability across major chains like Base and BNB Chain—platforms linked to Coinbase and Binance respectively.
🐳 Here are the percentages of supply held by various large cap assets’ top 10 whales. USD Coin has just 27% of its supply held by its top 10 wallets, and Chainlink’s is relatively low at 32%. Shiba Inu notably has the most centralized, with 62% of its supply held by its 10…
Our protagonist, the independent crypto analyst Cantonese Cat (@cantonmeow), has shared a bold new Ichimoku-based projection, a chart that outlines a parabolic price trajectory for DOGE, a journey that begins with a brief retest later this year, and ends with the symbolic one-dollar mark, a feat that would make even the most seasoned traders weep with joy 😭.
According to the complaint, Ianello took over Phoenix Community Capital in October 2022 and allegedly executed the exit scam. Because, you know, who needs smart contracts when you can just shut them down and make off with hundreds of thousands of dollars in investor money? 💸
at $109,000, she stands but a whisper away (less than 3%) from the splendid heights attained in May.
Hut 8 shall receive, for the opening year, a payment of some CADA $530 per megawatt per business day! (Truly, it pays to have powerful friends—or at least to supply them with power.) With inflation lurking backstage, who knows how large the purse may swell? Our heroes thus leap from seasonal flirtations to the embrace of a long-term, government-stamped suitor, whose reliability soothes even the most anxious treasurer. What stability! What repose! What… suspicious good fortune? 🤔
As the market whispers tales of relative calm, PI’s price has been engaged in a rather tedious dance of consolidation. One can only speculate where this enigmatic token might decide to take us next. 🕵️♂️