Binance files court order against the US SEC
?SHOCKING #Crypto News?#Binance files court order against the US SEC.
— Budhil Vyas (@BudhilVyas) August 15, 2023
A Thread ? pic.twitter.com/37yEYXaZAb
1️⃣ #Binance has filed a motion for a protective order against the SEC over what the #crypto exchange claims is a “fishing expedition” from the regulator
— Budhil Vyas (@BudhilVyas) August 15, 2023
? In an Aug. 14 court filing, #Binance put forward a motion for a protective order following deposition notices and discovery requests from the SEC. pic.twitter.com/PHRFAi0sRB
— Budhil Vyas (@BudhilVyas) August 15, 2023
2️⃣ The protective order seeks to limit the SEC, among other things, to four depositions from BAM employees, and to drop the deposition of BAM’s chief executive and of its chief financial officer, without naming anyone. https://t.co/VZIAMO9ky3
— Budhil Vyas (@BudhilVyas) August 15, 2023
3️⃣ This development comes amidst increased scrutiny of #crypto exchanges by regulators worldwide.
— Budhil Vyas (@BudhilVyas) August 15, 2023
? Many in the industry see this as a sign of growing pains as #crypto becomes more mainstream and attracts more attention from regulators.
4️⃣ This news has caused quite a stir in the #crypto community, with many speculating on what this could mean for the future of #Binance and the industry as a whole.
— Budhil Vyas (@BudhilVyas) August 15, 2023
5️⃣ Some see this as a positive sign that #Binance is standing up to regulators, while others worry that it could lead to increased regulation and restrictions on #crypto trading.
— Budhil Vyas (@BudhilVyas) August 15, 2023
What do you think? Will this move by #BINANCE help or hurt the #crypto industry?
— Budhil Vyas (@BudhilVyas) August 15, 2023
Let us know in the comments!
The current state of rollups that recently launched
1/ Current state of affairs of recent rollups that launched
— Ash (@ahboyash) August 15, 2023
a) Linea
• Mindshare completely obliterated due to 0 airdrop for testnet users
• Countless testnet campaigns + failed transactions + KYC + faucet problems + no airdrop = no users. *cough* Sui *cough* https://t.co/w2caQMJkQs pic.twitter.com/vcBoWRKTID
2/
— Ash (@ahboyash) August 15, 2023
b) Base
• Major memecoin $Bald omega rekt (but attracted lots of attention to Base)
• 2 leading DEXs compromised
• However secured tons of partnerships with 3rd party bridges & bluechip protocols
– Ecosystem looks fun with a good blend of DeFi, NFTs and social dApps pic.twitter.com/6JRXn8kPM3
3/
— Ash (@ahboyash) August 15, 2023
c) Mantle
• Seems to be a very South East Asian centric PVP arena
• Native DeFi projects live but many do not have tokens
• No bluechip protocols or 3rd party bridge integration yet
• $MNT gas token not available on many exchanges, hard to accumulate pic.twitter.com/8kNCxpOAzw
4/
— Ash (@ahboyash) August 15, 2023
Personal thoughts on new chain launches
• Without the lure of a potential airdrop, users seem to be unwilling to bridge to new chains
• One major app needed to bring attention to the chain (Trader Joe <> Avax, GMX <> Arb)
5/
— Ash (@ahboyash) August 15, 2023
• Seamless bridging + ability to obtain gas token (CEX integration) easily is crucial
• Spokesperson to do BD and get CT mindshare on the chain (Sandeep <> Polygon, Kevin <> Avax, Sandy <> Scroll, Mantle has @Defi_Maestro)
• Liquidity mining (users) + grants (devs)
6/
— Ash (@ahboyash) August 15, 2023
What is the playbook for launching a new chain other than:
"Grants + ecosystem fund > liquidity mining > airdrop speculation > PVP shitcoin/memecoin arenas > DeFi farms > some native NFT > CT shills > TVL and token price experiencing a Disney castle > rotate to next chain"
5 use cases of Bitcoin and crypto that could boost price performance
5 use cases for Bitcoin and crypto in the upcoming 12 months, which will fundamentally drive the price to a new all-time high.
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
A ? pic.twitter.com/kfQDJmn0EH
The mass adoption of cryptocurrencies remains an open question: where and by whom will the first use case be established?
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
Clearly, we are still very early? pic.twitter.com/48WPNHomot
1⃣ Store of Value – Crypto ETF´s
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
Major financial players are creating crypto ETFs that allow cryptocurrencies to be purchased on the regular stock market. This may seem strange, but it could drive up prices due to the immense buying power. pic.twitter.com/UzGKAZWP6g
What a coincidence. Just before the halving in April 2024, we will see many final SEC decisions on Bitcoin ETF applications? pic.twitter.com/Tt7YF4m4UN
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
Indeed, many ETF applications are pending.
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
H/t: @JSeyff pic.twitter.com/KIqDnivtxB
2⃣ Amazon and Ripple
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
– Warren Jenson, the CFO of AMAZON, has become a member of RIPPLE's Board of Directors.
– There is a possibility that AMAZON might introduce their inaugural cryptocurrency product this year.
– RIPPLE and XRP are now showcased on Amazon's official website pic.twitter.com/WD2gel1qTP
3⃣ X and The Payment System
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
X and Elon Mush might bring the first crypto-based payment system with this app?
[click on ALT] pic.twitter.com/YZvM2vx8Bz
Elon pledges X to become the world's largest financial system ? Embracing crypto as a vital element.
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
H/t: @NFT_GOD pic.twitter.com/En7MseEsQr
4⃣ Stable Coins and The Hedge against Inflation
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
Citizens in countries with high inflation ?? ????are demanding products to keep their money safer after they earn the money. In many countries stablecoins are the best solution.Note: Paypal just launched its own stablecoin. pic.twitter.com/3plWob1DO4
5⃣ Geopolitical Uncertainty
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
When the shit hits the fan, when we have crises in the world, #Bitcoin is the store of choice. We saw this at the beginning of the year with the banking crisis, and we are now seeing it in the Ukraine ??war or in Nigeria ??. pic.twitter.com/Rs8oPo1So2
In summary, there are many reasons for mass adoption of Bitcoin and cryptocurrencies over the next 12 months. At some point, this will all be inevitable, just as it was with the Internet.
— Stockmoney Lizards (@StockmoneyL) August 13, 2023
