Justin Sun and the CoinDesk Article Dispute
Justin Sun's team reportedly reached out to Bullish, the owner of CoinDesk, requesting the removal of an article describing the incident where Sun ate the world's most expensive banana. The article, published in late November, detailed how Sun consumed an art piece by Maurizio Cattelan valued at $6.2 million.
Request to Remove the Article
According to a report by Fortune on December 18, Sun's team disagreed with the tone of the article and asked Bullish, which acquired CoinDesk for $75 million, to have it removed. The article was titled:
“I Watched Justin Sun Eat the World’s Most Expensive Banana. I Don’t Get It.”
Sun’s team found the content inappropriate and contacted Bullish to demand its removal.
Resistance from CoinDesk
The CoinDesk editorial team opposed the removal of the article. During an internal meeting, they demanded that the piece be reinstated with an editor’s note. However, the article is no longer available on the CoinDesk website, though it remains accessible on Yahoo News.
Previous Legal Disputes and CoinDesk's Independence
The article noted that Sun’s legal team had previously threatened legal action against media outlets linking the Tron blockchain to illegal activities. Interestingly, Tron is one of the primary sponsors of the CoinDesk Consensus conference series, raising questions about editorial independence.
Bullish and Leadership Changes at CoinDesk
According to the report, Bullish CEO Tom Farley, CoinDesk Editor-in-Chief Kevin Reynolds, and Justin Sun’s spokesperson all declined to comment on Fortune's findings. Additional sources stated that Matt Murray, Chairman of the CoinDesk Editorial Board, resigned on December 16 but did not respond to requests for comment.
In 2023, Bullish acquired CoinDesk from Digital Currency Group. This acquisition sparked concerns about the potential impact on the platform’s editorial independence. Following the acquisition, former Wall Street Journal Editor-in-Chief Matt Murray was appointed Chairman of the CoinDesk Editorial Board.
Conclusion
The dispute between Sun’s team and CoinDesk highlights tensions between media independence and commercial interests. The request to remove the article has raised concerns about press freedom and emphasized the importance of transparency in the relationship between media platforms and their owners.

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If the latest cryptocurrency downturn has left you worried, take a moment to assess the situation calmly. What we’re witnessing is a textbook example of the Wyckoff Accumulation Phase, a well-documented market cycle. During this phase, seasoned investors—often called “whales”—strategically acquire assets from panicked retail traders who sell in fear, believing the decline is irreversible. Eventually, these seasoned players sell those same assets at significantly higher prices, securing substantial gains.

How This Market Cycle Unfolds🎯

The process follows a predictable pattern:

1. Sharp Decline and Rebound: A sudden price drop occurs, which is quickly followed by a minor recovery.

2. Deeper Correction: A more significant dip follows, eroding market confidence even further.

3. Gradual Decline: Prices continue to decline steadily, often forming what analysts term a "triple bottom."

At this point, many investors—who were once optimistic about the market's potential—succumb to fear and sell at a loss, believing the situation will worsen. Ironically, this is when the market typically reverses course, often rallying to new highs.

The Psychology of Market Cycles🚀

This pattern is not accidental but rather a deliberate mechanism designed to test traders’ resilience. Large players exploit fear and uncertainty, knowing that inexperienced traders will exit prematurely. For those who remain patient and avoid emotional decision-making, this phase often presents a unique opportunity to capitalize on the eventual recovery.

Stay Calm and Focused🛑

The key to navigating these market cycles is maintaining composure and focusing on long-term goals. Selling out of fear often results in missed opportunities when the market rebounds. Stay informed, avoid panic-driven decisions, and trust the cyclical nature of the market. Remember, patience and strategy are your greatest assets in times of volatility.

#CryptoMarketDecline #CryptoNewsCommunity #USUALSpotPrediction #

The founder of WallStreetBets, a prominent market-focused subreddit, believes #Cardano will become the “official lobbyist currency” in 2025.

Read more on: https://thecryptobasic.com/2024/12/19/wallstreetbets-founder-tips-cardano-to-become-official-lobbyist-currency-in-2025/
#CryptoNewsCommunity

While #shiba⚡ Inu (SHIB) price actions continue to underwhelm holders, technical indicators suggest that a bullish trend is forming, with promising prospects.

Read more on: https://thecryptobasic.com/2024/12/18/analyst-identifies-promising-signs-for-shiba-inu-to-surge-to-0-000070-soon/
#CryptoNewsCommunity

The Ripple CTO David Schwartz confirms that the decision to lower the #XRP Ledger (XRPL) account reserve fees unlocks more XRP accounts.

Read more on: https://thecryptobasic.com/2024/12/17/ripple-cto-says-lowering-xrpl-reserves-unlocks-more-xrp-for-all-accounts/
#CryptoNewsCommunity

$NEIRO /USDT Chart Future Analysis:

Current Observations:

1. Price Action:

The price is trending sideways within a clear consolidation range.

The support level is at 0.0010845, and the resistance level remains at 0.0021400.

The price is currently near the lower support zone around 0.00159.

2. Channels and Patterns:

The previous ascending channel (green) has been broken.
The price is now forming a rectangle consolidation pattern (marked by the green box), suggesting indecision.
The downward momentum from the red descending channel has slowed.

3. Moving Averages:

The MA(7) and MA(25) are sloping downward, indicating bearish short-term sentiment.

The MA(99) is flat, showing neutral long-term momentum.

4. Volume:

Volume is relatively low, which often happens during consolidations. A breakout with strong volume could signal a new trend.

Future Analysis and Scenarios:

1. Bullish Scenario:

If the price holds above the 0.00159 support and breaks above the 0.00214 resistance, we could see an upward move toward:

0.00232 (first major resistance).

0.00250–0.00270 (target zone based on prior breakout levels).

Look for increasing volume and a bullish crossover of MA(7) and MA(25) for confirmation.

2. Bearish Scenario:

If the price fails to hold the 0.00159 support, a drop toward the 0.00108 support is likely.

A breakdown below 0.00108 could trigger further downside momentum.

3. Consolidation:

The price may continue to move sideways between 0.00108 and 0.00214.

Watch for any breakout (upward or downward) with increased volume for the next significant move.

Key Levels to Watch:

Support: 0.00159 and 0.00108

Resistance: 0.00214 and 0.00232

Trading Strategy:

1. For Long Traders:

Enter near 0.00159 support with a stop-loss below 0.00150.

Target the 0.00214 resistance as a first profit-taking point.

2. For Short Trades:

Short near 0.00214 resistance if rejection occurs with a stop-loss above 0.00232.

Target the lower support at 0.00159 and 0.00108.

3. Breakout Strategy:

Wait for a confirmed breakout above 0.00214 for bullish confirmation or below 0.00108 for bearish confirmation.

#NeiroOnBinance #BNBChainMemecoins #CryptoNewss #CryptoNewsCommunity #10MTradersLeague