June 14, 2024 Grandpa checks in
According to Reuters, Terraform Labs, the company behind Luna, has agreed to pay a $4.47 billion fine in a case with the SEC. According to the SEC, the ruling will ensure that funds are returned to the victims to the greatest extent possible, although we do not know how much money the victims who lost money or even went bankrupt because of Luna will get back.
If the SEC really only considers the interests of investors, then there is nothing to say. However, for the B circle, the SEC often makes money under the guise of supervision, so in my opinion, the SEC is a civilized savage. This reminds me of the discussions over the past two days when the ZK airdrop caused dissatisfaction among the community. Some even went to the SEC official website to report the ZK project side, showing a moral attitude that even if I didn’t get it, you wouldn’t have it easy.
ZK's airdrop is indeed deserving of criticism, but the point of criticism is not the rules, but the insider trading. Before each airdrop, one should think that the project's rules may be different. This time, most people borrowed the previous rules of brushing txid, ignoring the capital accumulation and LP, and strictly speaking, they are also responsible. As for those who complained to the SEC and wanted to attract supervision, they should be spurned by the B circle. I can only say that they are too bad to want to break the rules of the game for their own selfish interests. But I think the SEC will not pay attention to these people at all, but if the SEC really comes to supervise ZK, do you think it is a good thing for the B circle?
As for the market, the overall Shanzhai market has been suppressed again. The gains in the past period have basically disappeared, and the meme sector has also experienced a large retracement. Considering the inertia of the market, it is recommended to wait for a wave of decline before entering the market. In addition, the general direction is actually quite obvious that Shanzhai funds are flowing out. It is difficult to recover the investment in the short term if you enter the market at a high position before, so try to intervene in mainstream targets.
Thank you for your attention and likes.
