
Cryptography
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Will Markets Crash After the Election? Tomorrow, November 5, the US presidential election takes place, and predictions about market reactions are already flying. Here are the top three most popular opinions: 🤑 Opinion #1: The markets will crash after the election, a typical “Sell the news” effect with potential for a “black swan” event. 🤑 Opinion #2: A Trump victory brings an initial rally, a pullback, and a strong climb. A Harris victory results in a drop with a slow recovery. 🤑 Opinion #3: Historical data shows that during previous elections, BTC hit a low and then soared, never to return to pre-election levels. Remember, popular predictions often don’t come true ☠️ . #DYOR! #NFA
⚖️ FTX Takes Binance to Court in $1.8 Billion Suit Over 2021 Buyout FTX’s bankruptcy managers have filed a lawsuit against Binance, claiming that Binance benefited from a fraudulent buyback deal. FTX alleges that Binance received $1.76 billion in tokens despite FTX’s financial troubles. Zhao’s tweets before FTX’s collapse are also under scrutiny.
⚡️ Binance and CZ Fight Back! 💸 Binance and its former CEO Changpeng Zhao are challenging the SEC's lawsuit, arguing the need for clear regulations on crypto assets. Their legal team claims that the SEC’s actions lack clarity and unfairly target certain transactions outside U.S. jurisdiction. Could this bold move shift the future of crypto regulation?