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đ DOJ selects FRA to monitor Binance after $4.3B penalty for legal violations.
đ„ FRA chosen over Sullivan & Cromwell due to latter's FTX involvement.
đ Decision well-received by legal and crypto communities.
đ FRA tasked with extensive oversight to ensure Binance compliance with U.S. regulations.
đŒ Sullivan & Cromwell may still monitor Binance for transaction reporting rules.
đ Binance facing penalties in India and Canada for anti-money laundering violations.
#BinanceLaunchpool #ETHETFS #DOJ
đ„ FRA chosen over Sullivan & Cromwell due to latter's FTX involvement.
đ Decision well-received by legal and crypto communities.
đ FRA tasked with extensive oversight to ensure Binance compliance with U.S. regulations.
đŒ Sullivan & Cromwell may still monitor Binance for transaction reporting rules.
đ Binance facing penalties in India and Canada for anti-money laundering violations.
#BinanceLaunchpool #ETHETFS #DOJ
đšđ„ Important Update for Binance Enthusiasts! đšđ„
Binance, a powerhouse in the world of cryptocurrency, finds itself embroiled in a significant legal battle! âïž The SEC has filed a lawsuit against Binance and its CEO, Changpeng Zhao, alleging issues such as inflated trading volumes, mishandled funds, and deceptive practices that have sent shockwaves through the market.
Despite these daunting accusations, Binance remains resolute, defending its operations while also navigating a substantial $4.3 billion settlement with the #DOJ and #CFTC . đ CEO Zhao continues to show fortitude in the face of legal challenges. Meanwhile, Binance's native token, BNB, is seeing fluctuations amidst the unfolding legal turmoil.
In this high-stakes legal showdown, Binance demonstrates resilience and adaptability, maneuvering through regulatory waters with expertise. Keep an eye on how this unfolding legal saga shapes the broader crypto landscape. đđŒ
#altcoins #Write2Earn! #BinanceTournament
Binance, a powerhouse in the world of cryptocurrency, finds itself embroiled in a significant legal battle! âïž The SEC has filed a lawsuit against Binance and its CEO, Changpeng Zhao, alleging issues such as inflated trading volumes, mishandled funds, and deceptive practices that have sent shockwaves through the market.
Despite these daunting accusations, Binance remains resolute, defending its operations while also navigating a substantial $4.3 billion settlement with the #DOJ and #CFTC . đ CEO Zhao continues to show fortitude in the face of legal challenges. Meanwhile, Binance's native token, BNB, is seeing fluctuations amidst the unfolding legal turmoil.
In this high-stakes legal showdown, Binance demonstrates resilience and adaptability, maneuvering through regulatory waters with expertise. Keep an eye on how this unfolding legal saga shapes the broader crypto landscape. đđŒ
#altcoins #Write2Earn! #BinanceTournament
After that #DOJ news against cz and binance, crypto markets had a little correction as expected.
$ETH is holding those 1900 lows (12h range) for now. if it retests monday lows, then we can expect that it will be going for those 2150 highs.
While #AI_coins like $RNDR and $AGIX held their previous weekly accumulation/breakout ranges(3 and 0.27),had a proper retest in 4h tf and are going up for further continuation.
Also, It's disappointing to see #FET had a nasty 4H break down of those weekly range.
#Eth #RNDR #agix
$ETH is holding those 1900 lows (12h range) for now. if it retests monday lows, then we can expect that it will be going for those 2150 highs.
While #AI_coins like $RNDR and $AGIX held their previous weekly accumulation/breakout ranges(3 and 0.27),had a proper retest in 4h tf and are going up for further continuation.
Also, It's disappointing to see #FET had a nasty 4H break down of those weekly range.
#Eth #RNDR #agix
The #US government Wednesday moved 10,000 Silk Road-related seized $BTC to Coinbase Prime
Deposits to an exchange usually signal intention to sell the assets, but in this case the transfer may have happened for custody reasons.
The U.S. Marshals Service, a division of the Department of Justice (DOJ) announced a partnership last month with Coinbase Prime to "safeguard and trade" large-cap digital assets. There's little insight into what exactly happens with the tokens after landing on a centralized platform.
The #DOJ announced in 2022 that it seized over 50,000 BTC and arrested James Zhong, who pleaded guilty to wire fraud after the government alleged he manipulated the transaction system of dark web market Silk Road in 2012.
#LowestCPI2021
#BinanceLaunchpoolTON #SahmRule
Deposits to an exchange usually signal intention to sell the assets, but in this case the transfer may have happened for custody reasons.
The U.S. Marshals Service, a division of the Department of Justice (DOJ) announced a partnership last month with Coinbase Prime to "safeguard and trade" large-cap digital assets. There's little insight into what exactly happens with the tokens after landing on a centralized platform.
The #DOJ announced in 2022 that it seized over 50,000 BTC and arrested James Zhong, who pleaded guilty to wire fraud after the government alleged he manipulated the transaction system of dark web market Silk Road in 2012.
#LowestCPI2021
#BinanceLaunchpoolTON #SahmRule
Binance new CEO ,Who is Richard Teng ?
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the worldâs largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binanceâs founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Tengâs appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
#RichardTeng #DOJ #BinanceCEO #BinanceSquareUpdates
Richard Teng is long-time executive of Binance, Teng was promoted to global head of regional markets earlier this year. who will take over as CEO.
As per Zhao's tweet, prior to joining Binance, Richard was CEO of the Financial Services Regulatory Authority at Abu Dhabi Global Market (ADGM); Chief Regulatory Officer of the Singapore Exchange (SGX); and Director of Corporate Finance in the Monetary Authority of Singapore.
Teng, 53, succeeded Zhao as the chief executive of the worldâs largest crypto exchange after the company and Zhao pleaded guilty to US anti-money laundering and sanctions violations. Zhao, Binanceâs founder, stepped down as CEO as part of a sweeping deal to resolve the Department of Justice probe.
With alot of experience under his belt in crypto space and background working for financial regulators around the world, Tengâs appointment sends a strong message Outlines thier vision to Collaborate with Regulators.
Binance , the Crypto trading giants looks in safe hands , and will walk forward into brighter future.
#RichardTeng #DOJ #BinanceCEO #BinanceSquareUpdates
CZ's Willing Sacrifice Ensures a Safe Crypto World
Binance, the global cryptocurrency exchange giant, has reached a historic $4 billion settlement with the U.S. Department of Justice (DOJ), culminating in the departure of CEO Changpeng Zhao (CZ) and an additional payment of $53 million to the federal authorities.This development, amid a series of significant industry events, has ignited widespread speculation about its implications for the broader cryptocurrency market.Binance's Dominance and Regulatory Challenges:Since its establishment in 2017, #Binance has emerged as a dominant force in the cryptocurrency realm, facilitating over $12 billion in daily transactions and supporting the trading of 500+ cryptocurrencies. With a user base exceeding 15 million globally and operations spanning 180+ countries, Binance commands roughly 40% of the global cryptocurrency exchange market share. The native BNB token achieved a $40 billion market cap just before news of the settlement broke.CZ's influence extends beyond Binance's financial prowess; he remains a pivotal figure in the crypto landscape, both as a business leader and a media personality. As the largest shareholder in Binance, #CZ has significantly shaped the exchange's growth strategy and played a substantial role in influencing the broader crypto market.Regulatory Pivot and CZ's Exit:CZ's recent efforts to align Binance with global regulatory standards mark a notable shift from the exchange's historically opaque approach. Despite a dip in his net worth, CZ's departure carries weight in the industry.Different views are available in marketThe settlement and leadership changes have elicited varied responses within the crypto community, with proponents highlighting potential positive outcomes:1. Market Stability and Investor Confidence: - Resolving Binance's legal challenges is seen by many as a positive development that could reduce a significant risk for the broader market. - Some industry leaders anticipate increased stability in the often-volatile crypto market.2. Regulatory Compliance and Industry Maturation: - The settlement may signal a broader trend of regulatory compliance within the crypto sector. - Exchanges aligning with regulatory demands could foster industry maturity, stability, and attract a wider base of institutional investors.3. Systemic Risk Reduction: - Resolution of the #DOJ probe diminishes the risk of a sudden collapse of one of the largest crypto exchanges, averting potential systemic implications for the market.4. Potential Bullish Signal: - Analysts suggest that similar events, like BitMEX's case, have proven bullish in the long term.Some people are taking it as reference Concerns and Pessimistic Views:However, not all sentiment is positive, and concerns have emerged:1. Internal Instability: - The settlement may introduce operational and leadership challenges for Binance, potentially impacting its strategic direction and market dominance. - CZ's departure is viewed by some as the beginning of the end for Binance if investor trust is not restored.2. Financial and Reputational Burdens: - While the settlement amount is manageable, it poses a significant financial blow and may affect Binance's reputation. - Loss of trust in Binance as an exchange could lead to a shift in its market position.3. Setting a Precedent for Regulatory Pressure: - This case, one of the largest DOJ investigations into a crypto company, may set the stage for increased regulatory scrutiny.Immediate reaction - Other exchanges could face heightened regulatory actions, altering the industry landscape.Conclusion:Binance's settlement and leadership changes represent a pivotal moment in the crypto market. The CZ era may be over, but the industry is not in panic mode. The resolution allows Binance to continue operations, preventing a potential market collapse. However, leadership changes, coupled with financial and legal challenges, present operational hurdles. These developments reflect the evolving dynamics of crypto regulation and compliance, shaping the industry's future. While the CZ era concludes, investors and the broader financial ecosystem navigate a shifting crypto landscape with cautious optimism.#BTC #RichardTeng
Tornado Cash Fight Heats Up: DOJ Argues Developers Controlled Mixing
This Friday, the U.S. Roman Storm, the developer of #Tornado Cash, asked the Department of Justice to drop the criminal accusations against him. They contended that the contested facts in the defense's petition were better suited for jury deliberation than first motion arguments.
To put things in perspective, Storm and colleague developer Roman Semenov are accused of planning to launder money. The cryptocurrency developers behind Tornado Cash, a service that mixes cryptocurrency and anonymizes #blockchain transactions, were accused by the US authorities of running an unregistered money transmitter and breaking the law.
Authorities in the United States have claimed that organizations like the Lazarus Group in #NorthKorea have used Tornado Cash to launder money. Late last month, Storm's legal team submitted a move to quash the indictment.
The lawyers contended that Storm lacked control over the service and could not stop organizations like Lazarus from using it, and that Tornado Cash does not fit the requirements of a "financial institution" or a custodial mixing service.
They deny running a money laundering organization as a result. The defense placed emphasis on the distinction between writing software code for a service mix and managing a money laundering enterprise.
But the #DOJ refuted the defense's description of #TornadoCash in a brief on Friday. They emphasized that Tornado Cash is made up of a number of components, including a user interface, a network of "relayers," smart contracts, and a website.
In essence, the brief highlights Storm's role in the creation and development of the system, the usage patterns of Tornado Cash, and other facts by making many references to material that the DOJ plans to present during the trial. Notably, Storm's trial is set for September of this year, but Semenov is still at large.
This Friday, the U.S. Roman Storm, the developer of #Tornado Cash, asked the Department of Justice to drop the criminal accusations against him. They contended that the contested facts in the defense's petition were better suited for jury deliberation than first motion arguments.
To put things in perspective, Storm and colleague developer Roman Semenov are accused of planning to launder money. The cryptocurrency developers behind Tornado Cash, a service that mixes cryptocurrency and anonymizes #blockchain transactions, were accused by the US authorities of running an unregistered money transmitter and breaking the law.
Authorities in the United States have claimed that organizations like the Lazarus Group in #NorthKorea have used Tornado Cash to launder money. Late last month, Storm's legal team submitted a move to quash the indictment.
The lawyers contended that Storm lacked control over the service and could not stop organizations like Lazarus from using it, and that Tornado Cash does not fit the requirements of a "financial institution" or a custodial mixing service.
They deny running a money laundering organization as a result. The defense placed emphasis on the distinction between writing software code for a service mix and managing a money laundering enterprise.
But the #DOJ refuted the defense's description of #TornadoCash in a brief on Friday. They emphasized that Tornado Cash is made up of a number of components, including a user interface, a network of "relayers," smart contracts, and a website.
In essence, the brief highlights Storm's role in the creation and development of the system, the usage patterns of Tornado Cash, and other facts by making many references to material that the DOJ plans to present during the trial. Notably, Storm's trial is set for September of this year, but Semenov is still at large.
What's next for Binance after DOJ settlement, departure of Changpeng Zhao
âȘïžBinance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
âȘïžFounder and CEO Changpeng Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and for willfully violating U.S. economic sanctions.
âȘïžBinance agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion â a combined $4.3 billion â in "one of the largest penalties we have ever obtained," according to U.S. Attorney General Merrick Garland.
Binance agreed to pay $4.3 billion in fines to the U.S. government. The plea deals end a yearslong investigation into the crypto exchange.
Assets of more than $65 billion remain on the platform, according to Nansen, meaning that Binance is likely capitalized enough to withstand a sudden rush of investors away from the platform. And while withdrawals are on the up, there has not yet been a "mass exodus" of funds from the exchange.
Binance to continue
Binance will continue to operate but with new ground rules. The company is required to maintain and enhance its compliance program to ensure its business is in line with U.S. anti-money-laundering standards. The company is required to appoint an independent compliance monitor.
The case against Binance, which was unsealed Tuesday, shows that three criminal charges were brought against the exchange, including conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act, and conspiracy.
Some of its rivals may look to take advantage of the situation, particularly Coinbase, Kraken, and OKX.
#binance #DOJ #BinanceSquareAnalysis #BinanceSquareUpdates $BTC $ETH $XRP
âȘïžBinance has seen outflows amounting to more than $1 billion in the past 24 hours, not including bitcoin, according to data from blockchain analysis firm Nansen.
âȘïžFounder and CEO Changpeng Zhao and others were charged with violating the Bank Secrecy Act by failing to implement an effective anti-money-laundering program and for willfully violating U.S. economic sanctions.
âȘïžBinance agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion â a combined $4.3 billion â in "one of the largest penalties we have ever obtained," according to U.S. Attorney General Merrick Garland.
Binance agreed to pay $4.3 billion in fines to the U.S. government. The plea deals end a yearslong investigation into the crypto exchange.
Assets of more than $65 billion remain on the platform, according to Nansen, meaning that Binance is likely capitalized enough to withstand a sudden rush of investors away from the platform. And while withdrawals are on the up, there has not yet been a "mass exodus" of funds from the exchange.
Binance to continue
Binance will continue to operate but with new ground rules. The company is required to maintain and enhance its compliance program to ensure its business is in line with U.S. anti-money-laundering standards. The company is required to appoint an independent compliance monitor.
The case against Binance, which was unsealed Tuesday, shows that three criminal charges were brought against the exchange, including conducting an unlicensed money-transmitting business, violating the International Emergency Economic Powers Act, and conspiracy.
Some of its rivals may look to take advantage of the situation, particularly Coinbase, Kraken, and OKX.
#binance #DOJ #BinanceSquareAnalysis #BinanceSquareUpdates $BTC $ETH $XRP
U.S. prosecutors want Binance CEO Changpeng 'CZ' Zhao to remain in the country until his sentencing, according to a court filing.
Citing a "substantial risk of flight," the DOJ has argued that Changpeng Zhao should remain in the U.S. ahead of his February sentencing.
In the filing, prosecutors cite the "substantial risk of flight posed by Zhao," requesting that he not be permitted to return to the United Arab Emirates ahead of his sentencing on February 23, 2024.
As part of a settlement with the U.S. Department of Justice (DOJ), Zhao pleaded guilty on one charge of violating the Bank Secrecy Act and stepped down as the exchange's CEO. He is barred from being an executive with Binance for at least three years after the exchange appoints an independent monitor, but remains majority owner of Binance.
Zhao was taken into custody after his guilty plea, but was subsequently released on a $175 million bond. Prosecutors argue that the former Binance CEO poses a flight risk as a "non-U.S. but UAE citizen with substantial wealth outside the United States, minimal ties to the United States, and a residence in a country without an extradition treaty with the United States."
A DOJ spokesperson had earlier told Reuters that Zhao would remain in the Seattle area until Monday evening but would be allowed to return to the UAE.
#BinanceCEO #binanceus #BinanceSquareAnalysis #DOJ $SOL $BTC $SHIB
Citing a "substantial risk of flight," the DOJ has argued that Changpeng Zhao should remain in the U.S. ahead of his February sentencing.
In the filing, prosecutors cite the "substantial risk of flight posed by Zhao," requesting that he not be permitted to return to the United Arab Emirates ahead of his sentencing on February 23, 2024.
As part of a settlement with the U.S. Department of Justice (DOJ), Zhao pleaded guilty on one charge of violating the Bank Secrecy Act and stepped down as the exchange's CEO. He is barred from being an executive with Binance for at least three years after the exchange appoints an independent monitor, but remains majority owner of Binance.
Zhao was taken into custody after his guilty plea, but was subsequently released on a $175 million bond. Prosecutors argue that the former Binance CEO poses a flight risk as a "non-U.S. but UAE citizen with substantial wealth outside the United States, minimal ties to the United States, and a residence in a country without an extradition treaty with the United States."
A DOJ spokesperson had earlier told Reuters that Zhao would remain in the Seattle area until Monday evening but would be allowed to return to the UAE.
#BinanceCEO #binanceus #BinanceSquareAnalysis #DOJ $SOL $BTC $SHIB
The US Department of Justice (#DOJ ) charges former Cred executives for their alleged involvement in a $783 million fraud and money laundering scheme. Daniel Schatt, Joseph Podulka, and James Alexander face accusations of deceiving consumers, misrepresenting Cred's financial status, and neglecting to disclose critical information. The DOJ's actions underscore its commitment to combating financial crimes in the cryptocurrency space. As legal proceedings unfold, the case sheds light on broader efforts to safeguard investors and maintain market integrity. #CryptocurrencyAlert #UnitedStates
Crypto "#TradingBot " #Ponzi Scheme Busts: Two Men Charged by #DOJ
The US Department of Justice (DOJ) has charged two men with running a $25 million crypto Ponzi scheme disguised as a "trading bot." David Saffron and Vincent Mazzotta allegedly lured victims with promises of high returns from an automated trading bot, while using new investor funds to pay off earlier investors.
The Charges:
- Conspiracy to commit wire fraud
- Wire fraud
- Conspiracy to obstruct justice
- Conspiracy to commit money laundering
- Money laundering
The Scheme:
- Saffron and Mazzotta operated various entities, including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital.
- They lured victims with promises of high returns generated by an AI-powered trading bot.
- Instead, they used new investor funds to pay off earlier investors, creating the illusion of profitability.
- The scheme allegedly defrauded victims of over $25 million.
The Potential Penalties:
- Each count of conspiracy to commit wire fraud and money laundering carries a maximum penalty of 20 years in prison.
- Each wire fraud count carries a maximum penalty of 20 years in prison.
- Each money laundering count carries a maximum penalty of 10 years in prison.
- The conspiracy to obstruct justice charge carries a maximum penalty of 5 years in prison.
The Takeaway:
This case serves as a stark reminder of the dangers of investing in unregulated and potentially fraudulent cryptocurrency schemes. Investors should always conduct thorough research before investing any money, and should be wary of any promises of guaranteed or high returns.
#CryptoNewsđđ°đ« #BinanceSquare
The US Department of Justice (DOJ) has charged two men with running a $25 million crypto Ponzi scheme disguised as a "trading bot." David Saffron and Vincent Mazzotta allegedly lured victims with promises of high returns from an automated trading bot, while using new investor funds to pay off earlier investors.
The Charges:
- Conspiracy to commit wire fraud
- Wire fraud
- Conspiracy to obstruct justice
- Conspiracy to commit money laundering
- Money laundering
The Scheme:
- Saffron and Mazzotta operated various entities, including Circle Society, Bitcoin Wealth Management, Omicron Trust, Mind Capital, and Cloud9Capital.
- They lured victims with promises of high returns generated by an AI-powered trading bot.
- Instead, they used new investor funds to pay off earlier investors, creating the illusion of profitability.
- The scheme allegedly defrauded victims of over $25 million.
The Potential Penalties:
- Each count of conspiracy to commit wire fraud and money laundering carries a maximum penalty of 20 years in prison.
- Each wire fraud count carries a maximum penalty of 20 years in prison.
- Each money laundering count carries a maximum penalty of 10 years in prison.
- The conspiracy to obstruct justice charge carries a maximum penalty of 5 years in prison.
The Takeaway:
This case serves as a stark reminder of the dangers of investing in unregulated and potentially fraudulent cryptocurrency schemes. Investors should always conduct thorough research before investing any money, and should be wary of any promises of guaranteed or high returns.
#CryptoNewsđđ°đ« #BinanceSquare
đš FAKE NEWS ALERT đš
#Nvidia says "we have not been subpoenaed by the Department of Justice(#DOJ )."
A fake news was circulated about NVIDIA and it took them over 24 hours for a press release to deny it after the market was facing a #dump due to the panic created by the news
They lost a big amount of their #stocks but then they recovered all the losses and currently are in profits.
Hope you all understand how these whales actually work.
#Nvidia says "we have not been subpoenaed by the Department of Justice(#DOJ )."
A fake news was circulated about NVIDIA and it took them over 24 hours for a press release to deny it after the market was facing a #dump due to the panic created by the news
They lost a big amount of their #stocks but then they recovered all the losses and currently are in profits.
Hope you all understand how these whales actually work.
đŽ Market Update: The week kicks off with red candles.
- $BTC drops below $59K.
- $ETH underperforms, falling to $2,300.
- ETH/BTC dips below 0.04 for the first time in 3.5 years.
This week, all eyes are on the U.S. as the Fed announces its interest rate decision, with a 59% chance of a 0.5% rate cut.
Meanwhile, the DOJ sentences 12 individuals for violent crypto-related home invasions. âïž
#Crypto #Bitcoin #Ethereum #DOJ #BinanceSquareFamily
- $BTC drops below $59K.
- $ETH underperforms, falling to $2,300.
- ETH/BTC dips below 0.04 for the first time in 3.5 years.
This week, all eyes are on the U.S. as the Fed announces its interest rate decision, with a 59% chance of a 0.5% rate cut.
Meanwhile, the DOJ sentences 12 individuals for violent crypto-related home invasions. âïž
#Crypto #Bitcoin #Ethereum #DOJ #BinanceSquareFamily
Tether, crypto exchange OKX, and the United States Department of Justice (DOJ) have collaborated in the freezing of 225 million USDT associated with an international human trafficking syndicate in Southeast Asia responsible for a global âpig butcheringâ romance scam
#TetherUpdate #OKXNews #DOJ #Crypto #CryptoNewsđđ°đ«
#TetherUpdate #OKXNews #DOJ #Crypto #CryptoNewsđđ°đ«
Previously, #WarrenBuffett caused a panic by selling off all his stocks, aiming to create a market downturn so he could reinvest at lower prices and double his profits.
In contrast, the current market situation is primarily driven by the Department of Justice (#DOJ ), which has issued a subpoena to #Nvidia , one of the strongest players in the stock market and artificial intelligence sectors. This has led major investors, or "whales," to withdraw their money to maximize their profits.
If you find yourself caught in this situation, it is advisable to hold your positions and engage in #SHORTđ trades. The market is likely to recover within 2-3 days.
In contrast, the current market situation is primarily driven by the Department of Justice (#DOJ ), which has issued a subpoena to #Nvidia , one of the strongest players in the stock market and artificial intelligence sectors. This has led major investors, or "whales," to withdraw their money to maximize their profits.
If you find yourself caught in this situation, it is advisable to hold your positions and engage in #SHORTđ trades. The market is likely to recover within 2-3 days.
