👀 Once again, claims are circulating that Binance charges massive fees—up to 15% of a token’s supply or $50–$100 million—for listings. But several crypto leaders are calling this out.
Coinbase CEO Brian Armstrong chimed in, saying their listings are free. Yet, Andre Cronje quickly called this false, revealing that while Binance charged Fantom zero for listing, Coinbase requested up to $300 million at different times. Similarly, Justin Sun shared that Binance listed TRX for free, but Coinbase demanded $80 million in TRX plus a $250 million BTC deposit.
Yi He from Binance clarified that listing depends solely on passing a vetting process, and no amount of money can bypass that.
As the debate heats up, it's clear that the truth behind listing fees is still up for interpretation. 🧐
A Bitcoin address holding 1215 BTC ($77 million), mined in the first two months of the network's launch in 2009, recently transferred 5 BTC to the Kraken exchange. 💰
Some analysts suggest that this address is linked to Hal Finney's family. 🧐
Hal Finney was a key figure in Bitcoin's history, being the recipient of the very first Bitcoin transaction from Satoshi Nakamoto. 🥷
There are also theories that he might be the enigmatic creator of the cryptocurrency. 🙀
💰 Speculation is a driving force in the early stages of any industry, whether we like it or not. The speculative nature attracts early investors, whom we really need for funding and advancing innovation at this nascent stage.
And all this buzz around crypto speculation is sparking growth and interest. While it gets criticized, this kind of excitement is needed to explore new ideas and technologies.
🌱 As the industry matures, so will the mindset of both investors and users, shifting towards sustainable growth and genuine value creation. For now, this mix of speculative and long-term investments is essential to propel the industry forward.
A New York judge has approved a $12.7 billion settlement between FTX, Alameda Research, and the CFTC, ending a 20-month lawsuit. The entire amount will be paid back to FTX creditors, with no additional penalties imposed.
Creditors are voting on their payout preference, with final decisions expected by October 7.
🚨 FTX and Alameda Ordered to Pay $12.7B to Creditors
⚖️ A New York judge has officially approved a consent order requiring FTX and its affiliate, Alameda Research, to pay $12.7 billion to creditors.
🗒 This decision, which concludes a 20-month lawsuit led by the CFTC, does not impose civil penalties but bans both firms from trading digital assets or acting as market intermediaries.
👀 FTX, which filed for bankruptcy in late 2022, severely impacted investor wealth. Sam Bankman-Fried, founder of both FTX and Alameda, was sentenced to 25 years in prison in March, ordered to forfeit $11 billion, and convicted of multiple fraud and money laundering charges.
🚀 Bitcoin's Market Capitalization in 2045 Compared to Gold's Capitalization 🙄
From Michael Saylor's slides at the Bitcoin Conference. ⬆️
Legendary crypto enthusiast Ansem (470,000 followers on X) believes that Michael Saylor "did 100 lines of coke before making that powerpoint slide" for his presentation at the Bitcoin Conference.🤣🤣🤣
American spot ETFs purchased 6,470 bitcoins worth approximately $422 million during the trading session on July 16. Of this, $260 million was attributed to BlackRock's IBIT fund. Capital inflows into these funds have continued for 8 consecutive trading days. 💰
📈 The price of bitcoin reached $66,000 on the night of July 17, surging by more than $10,000 after a dip earlier in the month.