So the #crypto users here we present you The #huobi fudd! No need to be worried all these things are part of the game.
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Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the beleaguered cryptocurrency industry.

#Binance #huobi #layoffs #crypto2023 #cryptoonindia

Binance and Huobi Freeze $1.4 Million in Crypto Linked to North Korea

#crypto2023 #Binance #huobi #northkorea #BTC

Digital currency exchange Huobi on Friday reportedly said it plans to reduce its global headcount by about 20%, in the latest round of layoffs to hit the beleaguered cryptocurrency industry.

#Binance #huobi #layoffs #crypto2023 #cryptoonindia

Justin Sun responded: The US SEC’s prosecution lacks basis and is eager to cooperate with regulators to establish transparent guidelines

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#huobi #JustinSun

🛑 Justin Sun was investigated by the SEC, what do you think? #SEC #huobi

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Huobi Token (HT) suffered a 93% flash crash, but Huobi Exchange will fully compensate for losses and invest $100M in a liquidity fund. It's prudent to diversify and explore other exchanges to avoid keeping all assets in one place.#HT #huobi #buildtogether

via Justin Suntron on X

All #huobi #HTX services have been restored. Thank you for your concern and support! All funds are safe! All services of http://Htx.com have been restored. Thank you for your concern and support! All funds are SAFU!

🔥🔥🔥Justin Sun Burned $50 Million in HT Tokens, Supply Dropped to 110 Million

While the cryptocurrency community is weighing the implications of this on the HT token value and market dynamics, we are watching the aftermath of Justin Sun's bold token burning.
Justin Sun, known for his influence in the cryptocurrency sector, has once again made headlines with a bold move in the market. In a recent announcement, Sun announced that it has launched a significant token burn by consuming $50 million worth of HT tokens. This strategic decision effectively reduced the total supply of HT tokens, leaving only 110 million tokens in circulation.

Token burning is not just an individual event, it is a calculated maneuver within Sun's comprehensive strategy to address the supply and demand dynamics of HT tokens. Sun aims to create shortages by reducing the available supply and potentially increase the value of HT tokens. This move is in line with their continuous efforts to optimize the performance and Sunday position of cryptocurrency projects.

The actions of Justin Sun, one of the most influential figures in the cryptocurrency field, often find repercussions in the market and affect investor sentiment and market trends. Token burning is expected to attract the attention and speculation of investors, traders and enthusiasts who are analyzing the potential impact of the transaction on the HT token ecosystem and the broader cryptocurrency market.

HT Token Value Increase Forecast
Justin Sun's recent token burning has ignited heated discussions within the cryptocurrency community, with investors and enthusiasts closely examining the potential consequences of this. Analysts are actively speculating about the long-term implications of this strategic move on the value and utility of HT tokens.
#JustinSun #huobi @Justin Sun孙宇晨 #binance

Bad news from last 2 days 🔻📉

> Silvergate bankruptcy
> Silicon Vally Bank troubles
> US 30% tax on mining electricity
> Huobi token flash crash
> USAG Sues KuCoin
> USA Capital gain tax 20% to 40%

#Silvergate #kucoin #huobi #tax #crypto2023

According to Bloomberg, Justin Sun has been in talks to sell Huobi, and Sun has spent the past few weeks sounding out potential investors. Justin Sun denied the news to Bloomberg.

#huobi

Justin Suntron's Post on #HTXDAO and the Future of Huobi:
In a post by Justin Suntron, he reflects on the challenges and future prospects of centralized exchanges, particularly Huobi, as they launch HTX DAO. After taking over #huobi a year ago, Suntron contemplates the longevity and success of exchanges in the coming decade. He questions the necessity of centralization in exchanges, especially considering the industry's focus on finance and trading.
Suntron emphasizes a shift towards decentralization, community involvement, and democratic autonomy for exchanges. He believes that only by embracing the ideals of the people, community, and decentralized decision-making can an exchange thrive in the evolving blockchain industry. He sees the platform currency, like HTX, as a tool to deepen decentralization, extending beyond revenue repurchases to influence decision-making, governance, and operations.
HTX DAO, according to Suntron, will empower the community with decision-making, governance, and operational capabilities, transforming Huobi into a true people's exchange. He envisions a future where HTX holders have a say in currency listings and eventually become the owners of the platform. Suntron expresses a commitment to making Huobi the first people's exchange, emphasizing decentralization, democracy, and autonomy, all driven by HTX DAO.
As Huobi celebrates its tenth anniversary, Suntron believes that HTX DAO will give the exchange a "second life," making the People's Exchange the core spiritual essence of Huobi. He sees this as a revolutionary step for centralized exchanges, acknowledging the industry's centralization issues and expressing hope that other exchanges will follow Huobi's path towards becoming exchanges for the people. Though recognizing that achieving these goals may take time, Suntron is optimistic that the journey has already begun.

💻 August Price Performance Review of Major Exchange Coins/Tokens

CEXs
Gainers:
HT (Huobi): Up by 27.4%
WBT (WhiteBIT): Up by 4.0%
LEO (Bitfinex): Up by 3.7%
GT (Gate.io): Up by 2.0%
Losers:
KCS (KuCoin): Down by 9.7%
BGB (Bitget): Down by 6.6%
$BNB BNB (Binance): Down by 6.4%
CRO (Crypto.com): Down by 4.8%
OKB (OKX): Down by 2.8%
MX (MEXC): Down by 1.1%

DEXs
Gainers:
$RUNE (Thorchain): Up by 3.2%
Losers:
$1INCH (1inch Network): Down by 28.4%
GNO (Gnosis): Down by 20.9%
JUP (Jupiter): Down by 19.7%
UNI (Uniswap): Down by 12.3%
SUSHI (SushiSwap): Down by 11.9%
LRC (Loopring): Down by 9.5%
OSMO (Osmosis): Down by 6.6%
XLM (Stellar): Down by 4.4%
CAKE (PancakeSwap): Down by 3.0%

Numbers are according to CoinGecko (01.09.2024 - 10:00 UTC).
HT (Huobi) is the champion of the month among CEX tokens, but it is down by 79.4% over the year. The second place goes to WBT (WhiteBIT), which has increased by 102.8% over the year.
RUNE (Thorchain) leads the DEX tokens this month, with a yearly increase of 140.8%.

#CryptoMarketMoves #runecoin #huobi #Write2Earn!