Label me a pessimist, but all I see is a whole lot of hot air.
9x in two months during the bull run with barely a retrace? 10x against BTC since 2021?
Must be a "new paradigm".
$BNB
9x in two months during the bull run with barely a retrace? 10x against BTC since 2021?
Must be a "new paradigm".
$BNB
Nothing to see here:
Binance $BNB borrows have been suspended.
BNB is current the only asset on Binance (that isn't being delisted imminently) that users can post as collateral but cannot borrow in cross margined accounts.
Link to margin site: binance.com
Binance $BNB borrows have been suspended.
BNB is current the only asset on Binance (that isn't being delisted imminently) that users can post as collateral but cannot borrow in cross margined accounts.
Link to margin site: binance.com
$BNB can be used as collateral on Binance, and they also subsidize the rate:
binance.com
If it's used as collateral, explain how it trades with 2x the volatility of $BTC during the bull, but no excess vol in the bear...
Last 758 days: BNB/BTC +898%, BTC/USD +0%
binance.com
If it's used as collateral, explain how it trades with 2x the volatility of $BTC during the bull, but no excess vol in the bear...
Last 758 days: BNB/BTC +898%, BTC/USD +0%
I encourage everyone to think long & hard about this:
What's the probability that Binance pumped $BNB in 2021 with a couple hundred million in funds, creating 10s of billions of "value" for themselves (owns 40% from ICO), and they are now stuck defending $BNB?
It's not zero.
What's the probability that Binance pumped $BNB in 2021 with a couple hundred million in funds, creating 10s of billions of "value" for themselves (owns 40% from ICO), and they are now stuck defending $BNB?
It's not zero.
Why get an attestation from an accounting firm and only show assets but not liabilities? This accounting should be trivial.
Why call it an audit, when the audit firm states it is not?
You state you have no liabilities with counterparties. What about against your own books?
Why call it an audit, when the audit firm states it is not?
You state you have no liabilities with counterparties. What about against your own books?
Loading suggestions...