Binance US exchange flash crashed to 8k, forcing alot of traders out of position.
The Gentlemen of Crypto is a daily live cryptocurrency podcast that broadcasts on YouTube. Isaiah Jackson and King Bless provide cryptocurrency analysis across a variety of blockchain news stories.
Top Gains / Losses (market update) 1:18
- Solana (+15.16%)
- Ethereum (+4.93%)
- Terra (+3.09%)
Binance Bitcoin flash crash to 8k: 4:25
- Traders are calling it a scam wick (link)
- Some feel like it was an inside job
- Plenty of traders got liquidated from Bitcoin dropping that low.
Ethereum nears its own ATH as ETH retakes 4000: 12:14
- Some suggest ETH could reach 6,500 in Q4 (link)
- No alt coin has reached their previous ATH against bitcoin
PIMCO to buy more crypto: 19:39
- CIO Daniel Ivascyn says PIMCO has exposure to crypto-linked securities through hedge fund portfolios (link)
- PIMCO is worth 2.2 trillion
FTX raises $420,690,000: (25:30)
- Investors value the exchange at $25 billion (link)
Politician Newt Gingrich Wants Governments to Use Bitcoin as Inflation Hedge: (30:30)
- Businesses have to provide a service based on demand, and the demand is moving towards bitcoin (link)
- Going to help countries and banks hold Bitcoin as a hedge against inflation
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