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CD81: shitcoin apocalypse, macro environment, self custody all time high, bitcoin fundamentals with @DylanLeClair_ and @_Checkmatey_

Citadel Dispatch

CHAPTER

Binance US - Is That a Good Idea?

Binance US was set up as a different entity from FTX.com and Binance.com because regulators couldn't look at their books. CZ has been through multiple cycles like we know he has, so maybe he didn't kick caught up in the euphoria but they hold 50% of the BNB token or at least they got 40% in the ICO. On chain, we can see they have fricking 600,000 Bitcoin. But when you meant to token out of thin air, I just think about incentives. If your exchange is solvent, that actually may be one of the best things that could happen to your exchange if you get bank run.

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