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Who says Elon Musk manipulates #crypto ! Elon Musk has been accused of manipulating the cryptocurrency market on several occasions. In 2018, he was fined $20 million by the Securities and Exchange Commission (SEC) for making misleading tweets about Tesla's production plans. In 2021, Musk made a series of tweets about $DOGE , a meme-based #cryptocurrency . These tweets caused the price of Dogecoin to fluctuate wildly. The SEC is currently investigating Musk for possible market manipulation in connection with his Dogecoin tweets. Here are some of the ways that Elon Musk has been accused of manipulating the crypto market: Making misleading or false statements about cryptocurrencies. In 2018, Musk tweeted that Tesla would accept $BTC as payment for its cars. However, this turned out to be false. The SEC fined Musk $20 million for making this misleading statement. Using his social media influence to promote cryptocurrencies. Musk has a large following on Twitter, with over 100 million followers. He has used his platform to promote cryptocurrencies, such as Dogecoin and Bitcoin. This has caused the prices of these cryptocurrencies to fluctuate wildly. Engaging in pump and dump schemes. A pump and dump scheme is a fraudulent scheme where a group of people artificially inflate the price of a security, such as a cryptocurrency, and then sell their shares at a profit. Musk has been accused of engaging in pump and dump schemes with cryptocurrencies. It is important to note that Elon Musk has not been convicted of any crimes related to market manipulation. However, the SEC is currently investigating him for possible wrongdoing.

Who says Elon Musk manipulates #crypto !

Elon Musk has been accused of manipulating the cryptocurrency market on several occasions. In 2018, he was fined $20 million by the Securities and Exchange Commission (SEC) for making misleading tweets about Tesla's production plans.

In 2021, Musk made a series of tweets about $DOGE , a meme-based #cryptocurrency . These tweets caused the price of Dogecoin to fluctuate wildly. The SEC is currently investigating Musk for possible market manipulation in connection with his Dogecoin tweets.

Here are some of the ways that Elon Musk has been accused of manipulating the crypto market:

Making misleading or false statements about cryptocurrencies. In 2018, Musk tweeted that Tesla would accept $BTC as payment for its cars. However, this turned out to be false.

The SEC fined Musk $20 million for making this misleading statement.

Using his social media influence to promote cryptocurrencies. Musk has a large following on Twitter, with over 100 million followers. He has used his platform to promote cryptocurrencies, such as Dogecoin and Bitcoin. This has caused the prices of these cryptocurrencies to fluctuate wildly.

Engaging in pump and dump schemes. A pump and dump scheme is a fraudulent scheme where a group of people artificially inflate the price of a security, such as a cryptocurrency, and then sell their shares at a profit. Musk has been accused of engaging in pump and dump schemes with cryptocurrencies.

It is important to note that Elon Musk has not been convicted of any crimes related to market manipulation. However, the SEC is currently investigating him for possible wrongdoing.

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🔥🔥🔥 #Bitcoinprice Restarts Decline, Can BTC Bulls Protect $60K? Bitcoin's price has resumed its decline from the $67,000 zone, indicating #BEARISH📉 momentum and a potential revisit to the $61,000 support level. Key Points: - Bitcoin failed to surpass the $67,000 resistance. - Currently trading below $65,000 and the 100-hourly Simple Moving Average. - A rising channel support at $64,900 was broken on the BTC/USD hourly chart. - Further decline is possible unless the $65,000 resistance is cleared. Bitcoin Price Recovery Stalls: - Bitcoin attempted a recovery above $65,000 and briefly exceeded $66,200 before facing resistance near $67,000. - Subsequently, it declined again amid escalating tensions between Israel and Iran. - The price dropped below $65,000 and $64,000 levels, breaching the 50% Fib retracement level from the recent swing low to high. - Additionally, a break below the rising channel support at $64,900 was observed. Technical Indicators and Potential Outcomes: - Immediate resistance lies near $63,750, followed by $64,700 and $65,000. - A clear move above $65,000 could signal further upward movement towards $66,800 and the 100-hourly Simple Moving Average. - Major resistance is expected near the $67,200 zone, potentially pushing Bitcoin towards the $70,000 resistance level. Possible Further Losses in BTC: - If Bitcoin fails to surpass the $65,000 resistance, it may continue its decline. - Immediate support is around $63,000, followed by $62,000. - A close below $62,000 could trigger a drop towards the $61,000 support level, with further losses potentially reaching the $60,500 zone. Technical Indicators: - Hourly MACD shows a decline in bearish momentum. - Hourly RSI for BTC/USD is below the 50 level, indicating bearish sentiment. - Support Levels: $63,000, $62,000 - Resistance Levels: $64,700, $65,000, $67,000 Source - newsbtc.com #cryptocurrency #BinanceSquareBTC #BTC🔥🔥🔥🔥🔥🔥
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#Avalanche ($AVAX ) Analysis: This Death Cross Could Extend the Correction Avalanche (AVAX) is one of the few altcoins currently signaling a potential further decline rather than a recovery. Compounding the challenge for the altcoin is the lack of optimism among AVAX investors regarding a price rally. Is Avalanche Destined for Correction? - As of the latest update, Avalanche's price hovers below $40, following recent corrections and a minor uptick over the past few days. While there are hopes for a resurgence in the market, such sentiments are not mirrored in AVAX. Investors' skepticism arises from Avalanche's first Death Cross in nearly a year. This bearish signal occurs when the short-term 50-day EMA crosses below the long-term 200-day EMA, indicating a potential downtrend. This lack of optimism among investors compounds the bearish sentiment. The weighted sentiment, which has been on a downward trajectory for the past month, hit a two-month low due to the sudden price decline. The absence of bullishness among AVAX holders has added pressure on the price, potentially leading Avalanche to target $27. AVAX Price Outlook: Anticipating Further Downturn - With Avalanche's price currently at $37, it is poised to retest the support level at $33, which held firm during the recent correction. However, if this support level is breached, coupled with prevailing bearish market signals, AVAX could experience a drop to $29. The Average Directional Index (#ADX ) also suggests a bearish outlook for the altcoin. An ADX reading above the 25.0 threshold typically indicates that the prevailing trend, in this case, a downtrend for AVAX, is gaining strength. Consequently, further decline could see Avalanche's price reaching as low as $27. The ADX signals a bearish trend for AVAX, possibly dropping to $27. However, a bullish market could reverse this, pushing AVAX higher if it breaks $44 resistance. Source - beincrypto.com #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks
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👉👉👉 #sushi deletes discussion of law firm amid long restructuring The SushiSwap community recently voted on a proposal to transfer the majority of the treasury from the DAO to a 'Labs' entity. Sushigov.eth, representing the largest individual voter with 5.5 million SUSHIPOWER, supported the proposal, which passed by a margin of approximately 8 million votes. Sushigov.eth received significant amounts of Sushi tokens from an address linked to *🍣👨‍🍳.eth, including approximately 1.9 million on April 4 and 1.78 million on April 3. These transfers are part of a broader effort by Sushi to restructure itself, a process initiated in 2022 with guidance from Fenwick & West law firm. In 2023, Sushi announced a switch in legal advice from Fenwick & West to Gresham International. While some community members questioned the decision due to Gresham's lack of recognition, Jared Grey, Sushi's 'head chef,' defended the move, citing Gresham's experience with other projects in the space. Gresham International's website lists accolades such as 'Top Speaker,' 'Crypto Lawyer of the Year,' and '#Blockchain Lawyer of the Year.' However, these awards are not widely covered outside the firm's website. Cal Evans, a managing associate at Gresham, stated that these awards were obtained through various industry events. Protos asked Evans about Gresham's involvement in the movement of assets from the DAO to the Labs entity, but he declined to comment, citing client privacy. Gresham's Gitbook mentions previous collaborations with projects like Aubit, which encountered issues including criminal activities. However, Gresham distances itself from any legal disputes involving its clients. Currently, the implementation vote to transfer assets to the Labs entity has overwhelmingly positive support, with approximately 99% 'Yay' votes, including from sushigov.eth. Source - protos.com #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks
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#Ethereum Price Recovery In Jeopardy? Decoding Key Hurdles To Fresh Increase Ethereum's price is encountering multiple obstacles in its attempt to surpass the $3,200 mark, indicating a potential bearish trend if it remains below $3,200 and $3,280. The struggle for Ethereum to reclaim ground above the $3,200 resistance zone persists, with the price currently trading beneath $3,200 and the 100-hourly Simple Moving Average. Notably, a pivotal bullish trend line at $3,100 was breached on the hourly chart of ETH/USD, sourced from Kraken's data feed. Following a recovery phase that briefly lifted ETH above the $3,000 barrier, bears exerted pressure around the $3,280 resistance area, resulting in a fresh downturn similar to Bitcoin's trajectory. Subsequently, Ethereum descended below the $3,200 support zone, erasing gains made previously. Moreover, the price retraced below the 23.6% Fibonacci retracement level of the upward swing from the $2,537 low to the $3,278 high. The breach of the aforementioned bullish trend line at $3,100 signifies a bearish shift in sentiment. Presently, Ethereum confronts resistance near $3,200, followed by significant hurdles at $3,250 and $3,280. A breakthrough above these levels could potentially lead to a test of the $3,350 resistance, with further bullish momentum likely toward the $3,500 and $3,620 zones. Failure to break above $3,200 could lead to further decline. Initial support is at $3,000, followed by $2,900 or the 50% Fibonacci retracement level. Below that, support is at $2,820, and breaking below may push it towards $2,650 and potentially $2,550. In terms of technical indicators, the hourly MACD for ETH/USD is trending bearishly, while the hourly RSI has dipped below the 50 level, suggesting a weakening bullish momentum. Key Levels to Monitor: - Support: $3,000, $2,900, $2,820, $2,650, $2,550 - Resistance: $3,200, $3,250, $3,280, $3,350, $3,500, $3,620 Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #ETH🔥🔥🔥
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👉👉👉 #BlackRock ’s #BitcoinETF💰💰💰 is the only fund with inflows since Friday Over the past two days, the iShares Bitcoin Trust (IBIT) has recorded significant inflows totaling $184.5 million, making it the sole U.S.-based spot Bitcoin ETF to experience such positive activity this week. BlackRock's Bitcoin exchange-traded fund (ETF) has emerged as the sole recipient of inflows among United States-based spot Bitcoin funds in recent days, contrasting with others that either saw stagnant or diminishing inflows. On April 15, the iShares Bitcoin Trust (IBIT) recorded net inflows of $73.4 million, a slight decline from the $111.1 million reported the previous day. In contrast, the eight other ETFs, with the exception of Grayscale's, reported zero inflows during the same period, based on data from Farside Investors. Despite the notable inflows into IBIT, they were unable to offset the outflows from the Grayscale Bitcoin Trust (GBTC). On April 15, #gbtc experienced outflows of $110.1 million, which represented a decrease from the $166.2 million outflows reported on April 14. Across April 14 and 15, all 10 spot Bitcoin ETFs witnessed net outflows, totaling $55.1 million and $36.7 million, respectively. These recent outflows from U.S. Bitcoin ETFs coincide with a tumultuous period for Bitcoin, which has experienced an 11.6% decline over the week, trading at $63,410 according to data from Cointelegraph Markets Pro. Source - cointelegraph.com #BitcoinTrends #BinanceSquareAnalysis
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