The bigger the waves, the more valuable the fish. Turns out, to make the big bucks, you have to take big risks.
Binance looks like a money-maker, but it lost $6.3 billion overnight—nearly RMB 40 billion. That’s more money than I could earn in eight lifetimes...
These are just paper losses. BNB took a huge hit yesterday. Besides some selling by hackers, it was also driven by cascading leveraged positions and panic selling. Binance will probably dip into its own funds to prop up the market and support BNB’s price.
Binance looks like a money-maker, but it lost $6.3 billion overnight—nearly RMB 40 billion. That’s more money than I could earn in eight lifetimes...
These are just paper losses. BNB took a huge hit yesterday. Besides some selling by hackers, it was also driven by cascading leveraged positions and panic selling. Binance will probably dip into its own funds to prop up the market and support BNB’s price.