Market Meltdown! US Stocks Plunge, Wiping Out $1.75 Trillion | Satoshi Scribes on Binance Square

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Market Meltdown! US Stocks Plunge, Wiping Out $1.75 Trillion in Value. Is this the start of a major crash? Stay tuned for updates. #StocksDown #StockMarketTrends #BinanceAlphaAlert 

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BREAKING: Shaq Settles FTX Lawsuit, Terms Kept Secret NBA legend Shaquille O'Neal has reached a confidential settlement with FTX investors, according to an April 23 court filing in Florida. The settlement ends a legal battle where investors accused O'Neal of contributing to their losses by promoting the now-bankrupt crypto exchange. This resolution comes shortly after O'Neal's separate $11 million settlement over the Astrals NFT project. The #FTX litigation continues against other celebrity promoters as investors seek up to $21 billion in damages. Will this settlement set a precedent for the other celebrity defendants facing similar accusations? #CryptoNews

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KiloEx's $7.5M "Compensation" Plan Reeks of Damage Control So KiloEx finally decided to "make things right" after their $7.5M hack? Please. They're only covering losses that worsened during suspension and throwing a measly 10% APY bonus at stakers. Meanwhile, they had to threaten legal action to get funds back. Let's not forget this disaster happened because of THEIR security failure , a basic price oracle vulnerability they should've caught. Compensation plan or desperate PR move? I think we know. #Web3 #CryptoTrends2024

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Tether’s Bitcoin Power Play: Jack Mallers Takes Helm at New Venture That’s Already Richer Than You’ll Ever Be Well, well, well… look who’s getting cozy with the stablecoin giant now! Strike founder Jack Mallers, who once said he was going to “phase out” Tether, is now running Tether’s $3.6 billion Bitcoin venture, Twenty One Capital. Convenient, huh? The same guy who helped El Salvador adopt Bitcoin (where Tether now has headquarters) has apparently had a change of heart about working with the controversial stablecoin issuer. Funny how a multi-billion dollar CEO position can change your principles! This Bitcoin treasure chest already has 42,000 $BTC at launch, making it the third-largest publicly-traded Bitcoin holder. Meanwhile regular investors are still scraping together sats hoping to own just one whole coin someday. So what do you think, is this the beginning of Tether’s complete takeover of the Bitcoin ecosystem or just another way for the elite to control what was supposed to be decentralized currency for the people? $BTC #ETH $ETH #Tether

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So Treasury Secretary Bessent just dropped a BOMB today saying they'll "review regulatory impediments" to blockchain and stablecoins. I'm calling BS right now. After YEARS of strangling innovation, NOW they want to "help"? 🙄 The same government that's been pushing banks to reject crypto companies suddenly cares about "impediments"? In my opinion, this is just preparation for even MORE control. Watch closely, I'm so sure they'll use this "review" to justify whatever anti-crypto agenda they've been cooking up. They're not freeing the market, they're preparing it for corporate capture! The same Wall Street elites who mocked crypto now want control. What do you think? Real change coming or just another wolf in sheeps clothing?

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Breaking news: Bybit has just announced a major partnership with Zodia Custody. That partnership comes after a pretty eye-watering $1.4 billion security breach involving liquid-staked Ether. That breach, and the trust issues it raised, is exactly what Bybit's new partnership aims to address. Through that partnership, institutions can trade on Bybit while keeping their assets safely under independent custody. That means no more pre-funding requirements-and a much lower exchange-risk exposure for those clients. "We need to give our institutional clients more than just speed," says Julian Sawyer, CEO of Zodia Custody. "We need to give them the confidence that their assets are secure, off-exchange, and fully under their control." Zodia Custody has been expanding its operations in Australia-and just received investment from NAB Ventures. That positioning should serve it well as upcoming regulatory changes start to take shape by 2025. #crypto

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