Wowowweeeewaaaaaa, BTC is making a RUN & looking bullish as ever after the regulators came
after the markets with everything they had, looking to due major damage to the 2 biggest
exchanges.
Are we on the verge of the biggest bull run in crypto history?
Well find out in about ten minutes ... .because it’s time for Chico Crypto!!
Yup BTC is finally breaking out after a 2 months downtrend, with an EPIC pump.
Checking out the chart, BTC started to break down April 18th ... .and for 62 days, BTC
was making a series of lower lows…but starting June 18th, the price has been exploding on
the upwards, eraswing those 2 months of losses, in just a few days.
So are we on the verge of an EPIC bull run like never before?
Well in my opinion…yes we are…we are on the verge of the LAST Hoorah….
Let me explain why…..
First we need to understand who the crypto markets are “currently controlled” by…aka
who is in the driver’s seat…pushing the prices up and down.
Well I’ve been telling people this for the longest time.
The crypto markets are controlled by the heart and blood of the crypto markets.
Tether the Blood, and Binance the heart…
As we can see, the majority of crypto volume…comes from Binance.
Yesterday, we can see there was nearly 14 billion traded on Binance….and if we scroll
down, other exchange volumes are peanuts compared to Binance’s monster numbers.
Actually if you add up the volumes of Bitforex, Pionex, P2B, OKX, Upbit, Digifinex, and Coinbase
together…it still wouldn’t even outdo Binance’s volume.
Obviously, Binance is the heart of the markets…it’s the beat that pushes the blood of the markets,
Tether, across the markets to other exchanges….
Which is obvious, when you see how much of that trading volume is Tether USDT on Binance,
as we can see over the past 24 hours, 63 percent of their volume came from USDT.
That means of the 14 billion traded, nearly 9 billion dollars is done in USDT…
A truth labs tweeted earlier this month “So now that Binance has been sued by the SEC,
how much longer do we have to wait for Crypto.C0M to be sued?
Remember, they are seemingly one of the same.
In fact, all of the Crypto.C0M addresses were funded and setup through Binance controlled
addresses.
See for yourself.
With blockchain proof, that after Tether minted 1.4 billion USDT, much of this USDT was sent
to Binance wallets, who in turn mixed the Tether through different addresses and eventually
sent to crypto.com wallets, funding them, to continue the PUMP of Bitcoin across exchanges…
Obviously Binance is the heart of the markets, pumpkin the this is just one example…it
happens with other BIG exchanges too…truth Labs has also shown Binance has initially
funded even some Coinbase Wallets….
Now that regulators are coming after Binance and the like, obviously they are going to
try and pull off one last BIG pump before the show is over….aka the end of Tether
and Binance as we know it…
(Link #3 DOJ Binance investigation)(Link #4 Tether DOJ investigation)
Remember…the DOJ, the ones who can press criminal charges, aka do serious damage to
an exchange, are investigating Binance ... .but they are also investigating Tether for bank
fraud…
Now Tether and Binance, aren’t no dummies, they know they can’t fuck around with the
coins who are being investigated, they can’t print unbacked Tether’s right now, as regulators
have prying eyes…so they switched gears, to using BUSD back in 2021, through 2022..which
is obvious when you see the market cap growth of BUSD during that time, it went from under
a billion dollar cap, aka under 1 billion BUSD minted, up to 23 billion BUSD minted
at it’s peak.
Although we can see, something major happened at the beginning of 2023, that caused BUSD
to crash and burn…
January of this year, Protos put out a research piece titled “Binance’s stablecoin BUSD
hasn’t always been 1:1 backed….and in the research piece they show by how much from
this chart, the orange line represents the Paxos-linked $BUSD on Ethereum intended to
back the equivalent $BUSD circulating on Binance Smart Chain.
AKA the orange line is how many BUSD should have been in the markets, as Paxos was the
custodian…the green line represents the total BUSD that were actually circulating,
and as we can see, at times there was nearly a 1 billion dollar discrepancy…
Well in February of this year, it was announced Paxos was severing ties with Binance, as regulators
ordered them to stop minting BUSD for the company….
AKA Binance’s BUSD couldn’t be printed unbacked, and used to PUMP the markets anymore,
because they were obviously doing that in the past…
Obviously they needed to switch to another stablecoin, where it could be printed unbacked
and used to manipulate and PUMP the markets.
So what have they switched to?
Well shortly after BUSD started to implode, in March of this year, Binance announced something
major, they were opening up spot market pairs for BNB/TUSD, BTC/TUSD, ETH/TUSD, and TUSD/USDT,
aka TUSD was being added for all the major pairs, aka TUSD was replacing Binance Coin….
The binance release continues “Any users who wish to convert their BUSD balances to
TUSD at a 1:1 ratio may do so, Binance will be introducing two promotions for selected
spot and margin trading pairs.
Effective from March 11th, users can enjoy discounted trading fees on the following spot
and margin trading pairs: BNB/TUSD, BTC/TUSD, ETH/TUSD and TUSD/USDT.
Need more proof TUSD is replacing Binance Coin?
Shortly after they added TUSD and major pairs, they announced this.
Binance tweeted “As Paxos will no longer be minting new BUSD, #Binance has swapped
the BUSD in the SAFU Fund for TUSD & USDT.
Need more proof?
Well here is the binance exchange volumes, pre-blowup of BUSD, in January…as we can
see, 65 percent of the volume was Tether, but the other major asset traded, with 31
percent of total volume was BUSD,
Well today, it’s 63 percent volume Tether, and guess what 27 percent TUSD, it’s almost
like the 2 coins just swapped spots, which they did, because TUSD is free to be printed
unbacked….which they will use to pump the markets.
Just yesterday, 1 billion TUSD were minted…where at?
None other than Binance….
Well guess who has paused attestation on their stablecoins, aka making sure they are backed
by real dollars, TUSD has…Protos posted this just a few days ago “TrueUSD pauses
attestations amid Prime Trust issues”
Guess who is highly connected to TUSD?
Just CZ Binance’s best friend….Justin Sun
Protos posted this article “Justin Sun’s stablecoins are struggling…again” and
it says “A number of stablecoins associated with Justin Sun, most notably TUSD “have
been struggling amid rumors that Prime Trust, one of its only US dollar on- and off-ramps,
had paused minting and redemptions.”
TUSD is the new, BUSD…and that means they are going to PUMP the markets once again,
into the last Hoorah, the last BIG BULLRUN…the crypto sleuth researcher, Bitfinex’d sums
it up nicely.
He tweeted “On March 11th, after Binance lost their BUSD fraud (where they are known
to have printed a billion BUSD with zero backing), Binance listed TUSD.Binance also enabled 0
fees on it, in order to drive up volumes with even more wash trading (since wash trading
is free with zero fees).
Here's how quickly wash trading ramped up to incredible levels after they made it free.Since
then, both the CFTC and the SEC has sued Binance citing fraud, terrorism financing, market
manipulation, comingling of customer funds.
Binance is in full panic mode.
They have no choice but to ramp up the fraud to even higher levels.
AKA the last hoorah, but this isn’t the only reason this is the last hoorah Bitcoin
SPOT ETFs are coming, and soon I’m going to dive into that, early next week..
Well viewers, if you liked this content make sure to subscribe, follow me on my socials,
and join the chat on Telegram, where I talk about my content early…you can find all
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Cheers viewers, I’ll see you next time!