binance had to be dethroned in order for blackrock to overtake the customers, typical for US government agencies and trillion AUM companies
LIVE
LONG BTC
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🚀 Binance Crisis: A Silver Lining for Bitcoin? 🌤️
The recent Binance legal settlement, where the exchange paid $4.3 billion to the US DOJ over money-laundering charges, has caused a dip in digital asset prices, including BNB. CEO Changpeng Zhao also resigned and agreed to pay a $50 million fine. While this may seem bearish for the crypto market, some believe it could actually benefit Bitcoin (BTC). 🤔
Travis Kling, a former equities portfolio manager, suggested in June that a US spot Bitcoin ETF, like the one BlackRock applied for, could be approved only after Binance loses its market dominance. 📉
Many analysts, including ChatGPT, predict that a US spot BTC ETF could drive Bitcoin's price to potentially reach $100,000. BlackRock has a successful history of ETF approvals with the SEC, with 575 out of 576 applications approved. 📈
just because Bitcoin ETF has been removed from DTCC website, doesn't mean it'll drop. Remember it used to be 69k even without being offered through ETFs, so just lean back and enjoy the ride.
be super careful with entering TRB at this moment, there's going to be serious lot of liquidations in both directions, just like there were with LOOM last week. $TRB $LOOM #TRB #LOOM