🟠Binance founder Changpeng Zhao (CZ) ranks 24th on the Forbes list.
🏦Forbes estimates his fortune at $61 billion, making him the 24th richest person in the world.
🔸CZ owns 64% of all BNB in circulation, which is 94 million BNB or $56 billion.
What do you think, if the owner of the token controls 64% of all its assets, is it worth investing in such a project?
❤️ - it is definitely necessary, because it is in his interests to develop the project. 👎 - it is not worth it, because in fact the owner can collapse the coin at any moment.
There is so much panic from people who only 2 weeks ago came to the market for the first time. $NOT fell by 0.017 and a lot of comments on YouTube that Durov cheated them 🙂
The main thing is that you don't deceive yourself when you borrow blood and money to buy a $0.1 coin, which you could get thousands of for free just by tapping on the screen. And for the sake of this, everything is done.
The coin will be at such values that no one will think to say that they were cheated, everyone will just wait for $1, in general.
The HULK meme token, dedicated to and allegedly launched by legendary wrestler Hulk Hogan, collapsed by 85% after the removal of supporting posts from his Twitter. According to Hulk, he did not issue the token and has no idea who posted on his Twitter, and later this the message has been deleted.
Another reason for the collapse of HULK was the sale of an insider who made 812x, earning $978 thousand.
Gary Gensler says the speed at which Ethereum ETFs launch depends only on the companies that create them.
👀 SEC Chairman Gary Gensler said that the speed of approval of applications for Ethereum ETFs depends on the companies that submit them and how quickly they respond to comments.
Analysts believe this means the SEC is not deliberately delaying the launch process. 🧐
On May 23, the SEC approved eight ETF filings, but they cannot begin trading without approval of another form.
Another good signal for understanding the future of cryptocurrencies.
Yesterday there was a sharp drop in cryptocurrency prices due to the news of the introduction of a bill in the Senate that would give the US president the power to block access to digital assets.
❗️ It is important to understand: this is only a draft law. The process of its adoption is long and complicated.
Why did Flash Crash happen? Many investors, not understanding the situation, began to panic and sell their coins en masse. This created an opportunity for experienced players to buy assets at favorable prices.
What's next? Regulation of cryptocurrencies is inevitable. There will be new bills, courts and investigations. But cryptocurrency will remain. As long as the sun shines, she will be with us.