Crypto price crash as CZ Binance and SBF Feud on Twitter. 3 Presale to buy

Bitcoin is about to break out of the $21,000 support and again break out of the $18,000 to $20,000 range bound pattern. Also, his $1.6 million support in Ethereum came under fire as the crypto price crashed again due to a Twitter feud between CZ Binance and Sam Bankman-Fried.

Things were kosher until midnight on November 7th, when 22 billion FTT tokens were transferred to an unknown wallet on Binance, marking a field day across cryptocurrency Twitter.

Things took a negative turn when CZ Binance retweeted a tweet informing crypto Twitter about the whale’s movements.

Yes this is part of it. https://t.co/TnMSqRTutr

— CZ🔶 Binance (@cz_binance) November 6, 2022

Alameda Stock Concentrates on FTT – Latest Report

On November 2nd, Coindesk shared a report highlighting some key financial details about Alameda Research. Alameda Research is a cryptocurrency hedge fund led by Sam Bankman-Fried, “a good acquisition for Crypto.”

The report surfaced at the same time as Sam Bankman-Fried’s decision to separate the FTX exchange from Alameda’s research.

The essential parts of the leaked report on hedge fund total assets and total liabilities

It has total assets of $14.8 million, which includes $5.8 billion in FTT, $1.2 billion in Solana, and $3.37 in as yet unidentified cryptocurrencies. $2 billion is in “investments in equities.” dirty bubble media It reports that millions of dollars have been invested in Oxygen, FIDA, and Serum.

Total debt is $8 billion, of which $7.4 billion is classified as loans and $292 million is FTT debt.

The report disturbingly details how one of the largest cryptocurrency hedge funds, Alameda Research, builds its foundation from the FTX exchange’s native cryptocurrency, FTT.

Investors should be aware that the value of FTT will not be significant in 2022. After briefly peaking above $52 in March, the token’s price trajectory declined and in June 2022 he reached the 2022 bare bottom of $21. Some juice on this exchange cryptocurrency has run out of steam and the token is currently trading at a 2022 low of $22.51.

With a majority of Almedia’s stake on the FTT, Dirty Bubble Media says SBF has found a way to “print money out of thin air” and borrowed billions from unknown parties. , did not pull a punch.

Decided to Liquidate FTT in the Book – Binance Chief

As soon as this report was revealed, CZ Binance became active and liked the tweet showing the report. He then tweeted:

Binance received approximately US$2.1 billion worth of cash (BUSD and FTT) last year as part of its exit from FTX shares. Due to recent revelations, we have decided to liquidate the remaining FTT on our books. 1/4

— CZ🔶 Binance (@cz_binance) November 6, 2022

A four-week long thread talked about how this move would be made to minimize the impact on the market as a whole, but many of the responses were quick to brush it off. One high-profile tweet came from user @TheMoonCarl, who pointed out the similarities between Alameda’s current predicament and the events that made Celsius disappear.

Alameda Labs went bankrupt for the same reason as Celsius, right?

Wow, the next few weeks are going to be stormy… #bitcoin Up to $13,000?

— Carl | Moon 🌙 (@TheMoonCarl) November 6, 2022

CZ Binance tweeted that the move is fueled by post-risk management strategies learned during the LUNA debacle.

LUNA was once one of the largest crypto assets, but after users started withdrawing their LUNA holdings, the Terra blockchain went into a death spiral and lost its value. The event triggered his 2022 crypto winter, with Bitcoin rising more than 60% of his ATH level.

Bitcoin and Ethereum Crypto Price Report

Along with the FTT, the news negatively impacted cryptocurrency prices in major leagues such as Bitcoin and Ethereum. Bitcoin has been drawing red candles for the past two days, with the bearish wick just above his $20.5k.

The hourly chart also shows a major bearish scenario for BTC in intraday trading, with many selling their holdings fearing Alameda will go the same way as Celsius.

Things have followed the same path for Ethereum, with today’s Ethereum price reaching nearly $1.55k.There is a bounce on the hourly chart, but we’ll see if Ethereum breaks above $1.6m over the next 24 hours. It’s too early to tell.

Tired of Established Crypto Price Volatility? Join These 3 Presales Instead

Due to the current volatility in the market, investors are leaning toward crypto assets that are not yet registered on crypto exchanges. Such tokens bring considerable profits from the pre-sale stage, if not from exchanges.

dash 2 trade

Leading the pre-sale race is Dash 2 Trade, a comprehensive crypto analytics and research platform native crypto that gives casual traders access to robust crypto investment tools. With genre-defining utilities such as social analytics and pre-sales crypto evaluations, Dash 2 Trade is fast-tracked towards another pre-sales success story for 2022.

In the third phase of the presale, Dash 2 Trade raised $5.4 million from its target of $8.70, leaving a slim window for early movers who want to purchase this cryptocurrency at a discounted price of $0.0513 USDT.

impact

For those who care about the environment, IMPT is the crypto to invest in. This green crypto aims to remove all fraud from the carbon offset economy by creating an affiliate program that allows ESG brands to sell their products to buyers who have earned her IMPT tokens. each purchase. These tokens can be exchanged for tokenized carbon credits on the IMPT Marketplace. The IMPT Marketplace will also host people who want to sell carbon credits to brands. Buyers who decommission carbon credits instead will earn NFT artwork.

This two-way benefit of carbon offsetting has generated a lot of interest in IMPT, with the token raising over $12 million in presales. Buy now for a discounted price of $0.023 before you miss out.

calvaria

Calvaria is the final presale token set to compete with the likes of Gods Unchained and Splinterlands.

Calvarya: Duels of Eternity is a battle card game similar to Hearthstone and Gwent, enhanced with great gameplay, underlying tokenomics, and amazing DeFi and DAO mechanics. Get it for just $0.025 in Round 4 of our presale.