Binance REVEALS Almost $70 BILLION In Crypto (USDT De-Peg Explained)

Yesterday may have been a sea of red but one token jumped 4,000 percent. A major stablecoin tumbled as Binance lifted the curtain on its reserve; and FTX may be dead but is for the living–because NFT traders just got some good .

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0:00 Intro
0:20 Sun Shines in the Dark (Justin Wong)
1:23 Market Watch w/ Frankie Candles
2:56 Firmly Tethered
3:57 The Binance Reserves

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Binance REVEALS Almost $70 BILLION In Crypto (USDT De-Peg Explained)

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35 Comments

  1. What if they stopped allowing purchases of crypto with cash before the actual launch of crypto as the world currency. 🤔

  2. Why they skip lunc..holdings for bibance..cause it’s the number one crypto..and they didn’t buy..

  3. Never heard of or seen a presentation like Morgan’s until today. Bitboy, you are onto something here and keep it up! Morgan is Incredible!

  4. Congratulations Ben, you were right about Sam and you’re also going to be right about BTC going to $10-12k (along with the hordes of people who are also expecting that to happen). Claps to Ben, the Oracle.

    1. As soon as “hordes” of people expect something, you need a contingency plan for if the opposite happens, LOL. Rule number one in trading.

  5. I agree with what the Tether CTO says. In spite of the things that are happening now USDT is the last thing to worry about and it will inevitably get its peg back.

    1. I appreciate your comments. send a message to the number above, I have an offer for you only for profitable investment opportunities

  6. NOTE: TRX *only* pumped on the FTX exchange. On all other exchanges, it behaved similarly to other altcoins.

    On that note, other coins on FTX were way off the charts. SHIB was pinballing up and down by about 20% all day.

    These traders are basically trading with monopoly money.

    When anyone holding TRX on FTX try tries get Tron themselves to reimburse them, Tron will probably *NOT* be paying out 4000% profits.

  7. Appreciate the update. For the sake of being accurate, I suggest you learn what a merkle tree is… you obviously have no idea. It would be a good idea to learn cause it’s fundamental to blockchain technology and you’re a crypto channel 👍

  8. Does this mean we would be seeing another UST. Right now I think during this uncertainty of the market a smart move would be to invest in Takepile USDB vault, they have a strong liquidity and and also offer up to 30% APR, so there won’t be any loss

  9. tether is the biggest stablecoin not for nothing!! i’m sure they know what to do and fix the whole situation very soon

  10. So binance has approx 40 billion of their total 65 billion assets in their own coin. That doesn’t sound great. So if bnb tanks they’ll be in a bad spot as well.

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