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🆙 The time 🇸🇻 President Bukele came to 🇺🇸 America and exposed the Fed 👀
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New move from Binance and CZ against the SEC CZ, the former CEO of Binance and the exchange, has filed a new application for the court to reject the amended complaint file in the lawsuit filed by the SEC. Binance and CZ's lawyers stated that the SEC's charges were not based on any legal basis and all comments were arbitrary. In the lawsuit filed by the US Securities and Exchange Commission (SEC) against the Binance exchange and its former CEO Changpeng Zhao in June last year, a new move came from the exchange lawyers. The lawyers representing Binance and the CZ side demanded that the SEC's court dismiss a complaint motion that had been amended on the matter. "They don't count the judge's decision" In the file submitted to the court, it was said that "the SEC does not insincerely state that cryptocurrencies are not securities on their own, even though it is a court decision, and does not count the judge's decision." As it is known, in a year since the case, this June, the court judge did not accept many of Binance's rejection requests, but stated that the secondary sales of BUSD and "Simple Earn" program and BNB were not investment contracts. Here, the SEC wants these products, which the court rejects, to be considered securities sales again. 'They are still acting arbitrarily' Binance and CZ lawyers state that the court has made the final decision on this issue: “The SEC's claims here have no legal validity and logic. The institution continues to choose the winners and losers according to its own taste. Finally, without making any statement, they also gave up on their claims that Ether transactions had investment contract status. The problem with the SEC is that it acts with theories and stays away from the facts. Despite the 89-page summary given by the court, the allegations remain legally invalid.
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Asset management company Bernstein: Trump's win could move Bitcoin to $90,000 in a few weeks. If Harris wins, the price could drop to $50k.
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Who do the leaders of the crypto support in the US presidential election? Looking at the table, Donald Trump has taken almost the entire sector behind him. Kamala Harris's supporters in crypto, although few in number, are also important names among them. We start with Trump 👇 Trump's support staff is quite crowded. Tesla CEO Elon Musk, Cardano founder Charles Hoskinson, Gemini founders Winklevosslar, Ark Invest CEO Cathie Wood and Kraken founder Jesse Powell stand out. Harris' biggest supporter in crypto is Ripple's co-founder Chris Larsen. Larsen also donated $12 million to Harris.
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Election excitement brought $2.2 billion to crypto funds Last week, when Bitcoin came very close to its March record, surpassing $73,500, crypto funds also knew how to take advantage of this enthusiasm. While $2.2 billion was entering the funds, there was also a rise in "short-Bitcoin" funds, which invested in the fall of Bitcoin. The US elections continue to determine the short-term trend in the crypto world. According to the report published by CoinShares last week, net $2.2 billion entered crypto funds. High investment in "Short-Bitcoin" In the report, it was stated that with the high probability of Trump winning the election at the beginning of the week, investment in funds increased to serious levels, but with the rise in Kamala Harris on Friday, a sales-heavy path was entered. Especially in this last episode, while the investment in "short-Bitcoin" funds, which invested in the fall of Bitcoin, increased, the funds completed the week with a net inflow of $8.9 million. It was last seen in June While the net investment value of crypto funds since the beginning of the year was 29.2 billion dollars, the total asset value under management has increased to 102 billion dollars. This level was last seen in June. While Solana funds received a net investment of 5.7 million dollars, other altcoins saw slight outflows. Ether funds are far behind again Ethereum funds were also well behind the Bitcoin funds that received $2.1 billion in investment and saw a net inflow of 9.5 million dollars. Since the beginning of the year, Bitcoin funds have received a net investment of $27 billion, this figure is only at the level of $758 million for Ether funds. The most invested funds of the week were BlackRock's Bitcoin and Ether ETFs. Two ETFs totaled $2.2 billion. While Grayscale received 116 million dollars on a weekly basis, Fidelity's ETFs received $90 million.
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Crypto listing debate on major exchanges: "They wanted 300 million dollars" Simon Dedic, CEO of crypto investment firm Moonrock Capital, said he spoke to a manager of one of the major crypto projects and found out that Binance wanted 15 percent of the token supply for listing. Yi He, co-founder of Binance, described this situation as gossip and FUD. Andre Cronje, founder of Yearn Finance and Falcon, said that Binance did not charge them anything, but Coinbase wanted $300 million for a period. Justin Sun and Brian Armstrong also joined the discussion. While the coin listings of major cryptocurrency exchanges have always been a subject of discussion, Moonrock Capital's CEO Simon Dedic X made important claims on the subject. “This system must end now” Dedic wrote on his personal X account: “We recently contacted one of the major crypto projects. They told us about Binance's listing process. They said they hadn't received any response for about 1 year and that Binance finally came to them with an offer. Binance demanded 15 percent of the token supply. Imagine that you were asked for 100-150 million dollars for central stock exchange listing. This figure is not payable for projects anyway. That's why there are price declines. This system must change now...” Andre Cronje: Coinbase wanted $300 million Andre Cronje, the key name of decentralized finance, co-founder of Fantom and Yearn Finance, stated that Binance did not charge them any fees, but Coinbase wanted 300 million dollars for a period: “Binance didn't want anything from us, but it happened that Coinbase wanted 300, 50, 30 million dollars. In fact, they even demanded 60 million dollars in the end.” Justin Sun: Coinbase also asked us for $80 million TRON founder Justin Sun, who has close ties to Binance's former CEO CZ, also said Binance did not charge them anything: “We had similar situations. Binance didn't want anything from us. Coinbase, on the other hand, demanded 80 million dollars of Bitcoin to be held in TRX and Coinbase 250 million dollars.
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