#Binance's hot wallet has processed ~15.5k #BTC in withdrawals since the SEC announcement today.
Current settled balance is ~47,230 #BTC.
#Binance has additional cold wallet reserves of around 548k #BTC, plus an unknown quantity of unconsolidated deposits.
So they're unlikely to run out of #Bitcoin quite yet, but we may see liquidity issues again if the rate of withdrawals continues to outpace their ability to replenish the hot wallet.
Withdrawals have reached 20,050 #BTC.
But #Binance has been consolidating deposits aggressively, so the settled balance in their hot wallet is down only slightly to ~46,865 #BTC
Block 792991 alone confirmed over 2217 BTC of Binance withdrawals
Support for mass surveillance is growing.
30% of young Americans support government cameras being installed in American households.
“After silence, that which comes nearest to expressing the inexpressible is music.”
― Aldous Huxley
United States public debt 1990 - 2022
“Arguments from authority carry little weight – authorities have made mistakes in the past. They will do so again in the future.”
― Carl Sagan
good morning, stay humble and stack sats 🫡
The New York Times writes for an audience of cognitively impaired children that need to be told what to feel about everything
I hold #Bitcoin because I don't see this trend reversing
$BTC
Binance 4-hour chart.
Decent volume spike on the sell off today, but not even the largest selling we have said over the past month and a half.
April 26th and May 10th had more volume.
All things considered, not much #Bitcoin sold today on Binance.
Insane that this story is being buried by the Binance/SEC news cycle today.
"El Salvador's Volcano Energy Secures $1B in Commitments for 241 MW Bitcoin Mine"
The SEC is coming for your crypto.
Only #Bitcoin is safe.
Vision Pro #Bitcoin
God bless all the men and women stacking #bitcoin for the sake of freedom.
#Bitcoin
₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Emission intensity of the global #bitcoin mining industry is quickly trending to net zero and has already been reduced by -50% in the last three years to 300 g/KWh.
[according to new research: http://batcoinz.com/BEEST/]
OUCH! European #gas futures jumped >20%, the biggest jump since March amid signs of a tighter LNG market and potentially stronger Asian demand for the fuel. This again widens the price gap w/US natural gas. (via BBG)
Binance lawsuit file has 136 pages of a lot of information.
But you know what it doesn't have?
There's nothing about #Bitcoin.
Market reaction is a reflection of how early we are. People still attribute cases of companies and shitcoins to BTC.
