Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[El duderino_]

https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40

I repeat what i said thousand of times, this is not related with BTC or crypto this is one more piece in the puzle between the "commercial war" between China and Usa, so USA is responding now, so you took out my boy Sam Bankman-Fried from Ftx, well im gonna take down your CZ.

I only hope this shit dont cause so much turbulence in the prices.

I repeat what I said thousands of times, this is not related with BTC,, just the thousands of CRYPTO SHITCOINS

The SEC removing market makers before giving the greenlight for Blackrock and consorts taking over to assert their global market dominance that will also bolster Bitcoin's legitimacy and adoption.

https://x.com/misterrcrypto/status/1727027216809378167?s=46

[1714537487]

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[Hueristic]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

For those not yet aware of the recent OpenAI / Sam Altman saga, here's a nice summary:

The OpenAI Saga - Everything Changed AGAIN!

I wonder what's going to happen to OpenAI / ChatGPT after all this mess...

I wasted 7 minutes listening to this dufos and all I heard was drama.

What is the root issue with safety that I read was the reason for the fireing.

It seems to me that should be the focus of the discussion not the fucking drama.

It looks like its being suppressed.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Torque]

https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40

I repeat what i said thousand of times, this is not related with BTC or crypto this is one more piece in the puzle between the "commercial war" between China and Usa, so USA is responding now, so you took out my boy Sam Bankman-Fried from Ftx, well im gonna take down your CZ.

I only hope this shit dont cause so much turbulence in the prices.

I repeat what I said thousands of times, this is not related with BTC,, just the thousands of CRYPTO SHITCOINS

The SEC removing market makers before giving the greenlight for Blackrock and consorts taking over to assert their global market dominance that will also bolster Bitcoin's legitimacy and adoption.

https://x.com/misterrcrypto/status/1727027216809378167?s=46

This right here. This is exactly the right answer.

It's not just about controlling the supply. It's about controlling the global float, front running, controlling wash trading, and making sure no outside naked longing/ naked shorting is going to fuck up the whale trades and settlements. No leakage. Controlling the rug pull when they decide.

Once major financial institutions start storing and holding a financial asset in earnest, then shit gets real, real fast.

Good for bitcoin? Yes, yes it is. It means they care about it enough to do this.

[AlcoHoDL]

For those not yet aware of the recent OpenAI / Sam Altman saga, here's a nice summary:

The OpenAI Saga - Everything Changed AGAIN!

I wonder what's going to happen to OpenAI / ChatGPT after all this mess...

I wasted 7 minutes listening to this dufos and all I heard was drama.

What is the root issue with safety that I read was the reason for the firing.

It seems to me that should be the focus of the discussion not the fucking drama.

It looks like its being suppressed.

Well, that was the best I could find, given how fast the situation has escalated... It's not that bad, you should have watched 'til the end IMHO.

It appears that two opposing camps were formed inside OpenAI: the research/tech camp, led by Ilya Sutskever, which focused on the tech development and safety issues, and the business/corporate camp, led by the then CEO Sam Altman, which wanted to commercialize/monetize their AI products very fast, apparently without adequately dealing with the safety issues. I get the feeling that there were some ego-driven moves from the research/tech camp, specifically from Sutskever, that led to the firing of Sam Altman.

It all escalated in a big mess, with Sutskever eventually regretting having caused the firing of Altman and practically begging him to come back, now threatening to quit from OpenAI himself if Altman doesn't come back...

The big winner in all of this appears to be Microsoft, which have now taken Altman, together with all the lead AI researchers and most employees of OpenAI, and possibly even Ilya Sutskever himself, on their team, and will give them practically infinite resources to continue their work on AI development.

I'm not a big fan of Microsoft, and don't like the idea of them dominating (and heavily commercializing/monetizing) the AI sector. I hope Altman and the rest of the team return to OpenAI, sort out their differences, wipe out the toxic board members and move forward.

As for the specifics on AI safety, no details are given, just the "AI becomes self-aware, wipes out all humans" possibility is mentioned. It's more or less drama at this stage.

Edit: Fixed typos.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[OgNasty]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Kraken closed my account with no notice and no reason given. When I contacted them they told me they couldn’t give me any more information. Pretty shady considering I’ve hardly used the exchange at all in years. As far as I’m concerned, good riddance. I’m also glad I got my mtgox claim transferred to a different exchange.

[avp2306]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Many got panic on thay news and they think it will be huge disaster for crypto to lose cz or even binance. But if they just widen up their minds they can see a lot of reputable exchange still running if binance will get affected on the issue.

Kraken is one best alternative with that and it seems many people doesn't get a damn on the news that's why a slight downfall only happen since many are not totally affected with current news about CZ plead guilty news. Still best to hodl no issue could stop this upcoming bullrun  .

[OgNasty]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Many got panic on thay news and they think it will be huge disaster for crypto to lose cz or even binance. But if they just widen up their minds they can see a lot of reputable exchange still running if binance will get affected on the issue.

Kraken is one best alternative with that and it seems many people doesn't get a damn on the news that's why a slight downfall only happen since many are not totally affected with current news about CZ plead guilty news. Still best to hodl no issue could stop this upcoming bullrun  .

CZ stepping down is because he knows he did the exact same thing with Binance that SBF did with FTX. The only difference was that Binance had enough customer funds on deposit that they were able to hold the price of BNB up to avoid liquidations. As soon as they started offering wild rates again for stablecoins it was obvious they’re sitting on a house of cards. Hopefully everything unwinds without crashing the market too badly.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[Hueristic]

For those not yet aware of the recent OpenAI / Sam Altman saga, here's a nice summary:

The OpenAI Saga - Everything Changed AGAIN!

I wonder what's going to happen to OpenAI / ChatGPT after all this mess...

I wasted 7 minutes listening to this dufos and all I heard was drama.

What is the root issue with safety that I read was the reason for the firing.

It seems to me that should be the focus of the discussion not the fucking drama.

It looks like its being suppressed.

Well, that was the best I could find, given how fast the situation has escalated... It's not that bad, you should have watched 'til the end IMHO.

It appears that two opposing camps were formed inside OpenAI: the research/tech camp, led by Ilya Sutskever, which focused on the tech development and safety issues, and the business/corporate camp, led by the then CEO Sam Altman, which wanted to commercialize/monetize their AI products very fast, apparently without adequately dealing with the safety issues. I get the feeling that there were some ego-driven moves from the research/tech camp, specifically from Sutskever, that led to the firing of Sam Altman.

It all escalated in a big mess, with Sutskever eventually regretting having caused the firing of Altman and practically begging him to come back, now threatening to quit from OpenAI himself if Altman doesn't come back...

The big winner in all of this appears to be Microsoft, which have now taken Altman, together with all the lead AI researchers and most employees of OpenAI, and possibly even Ilya Sutskever himself, on their team, and will give them practically infinite resources to continue their work on AI development.

I'm not a big fan of Microsoft, and don't like the idea of them dominating (and heavily commercializing/monetizing) the AI sector. I hope Altman and the rest of the team return to OpenAI, sort out their differences, wipe out the toxic board members and move forward.

As for the specifics on AI safety, no details are given, just the "AI becomes self-aware, wipes out all humans" possibility is mentioned. It's more or less drama at this stage.

Edit: Fixed typos.

Haha, thx for the synopsis, I seriously don't want to waste time out of my life listening to drama.

Straight to the point like you put it here is how I like to see things.

[Hueristic]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Kraken closed my account with no notice and no reason given. When I contacted them they told me they couldn’t give me any more information. Pretty shady considering I’ve hardly used the exchange at all in years. As far as I’m concerned, good riddance. I’m also glad I got my mtgox claim transferred to a different exchange.

That's not shady at all and gave you tons of information.

Riddle me this...Do you think they did it because they don't like you so singled you out and decided not to take your fees?

[BTCaesar]

Obviously another storm has just been approaching.
The price is falling down due to CZ’s resignation.
Hopefully it will affect us less… let’s see girls.

[fillippone]

Explanation
Chartbuddy thanks talkimg.com

What is that?
A wall for Ants?

[Biodom]

Unless they plan some kind of a double whammy on Binance/CZ, i don't understand why the markets suddenly got all bearish-I think markets are faking it right now.
Binace has 12 bil/Q revenue. I don't know what their profit margin is, but it got to be at least 20-30%.
So, $4bil could be one Q of earnings, roughly.
CZ is worth 50bil, pays 50mil fee, retains ownership.
I don't think that he wanted to be a CEO anymore anyway...maybe Lauren Sanchez has a sister or something or he is attracted to Irina Shayk (as are many other famous people)

To those pooh-poohing Binance and opining about shitcoins (which I typically don't talk about here myself)...
If Binance had gone down, bitcoin would have cratered at least 30%, imho, and bitcoin spread around the world would have been dramatically curtailed since Coinbase is roughly 1/10 of Binance volume, worldwide.
Mind you, I sometimes use Coinbase and/or Kraken because of my location (US), but would I have used Coinbase instead of Binance if i were outside? I am not sure.

[philipma1957]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Kraken closed my account with no notice and no reason given. When I contacted them they told me they couldn’t give me any more information. Pretty shady considering I’ve hardly used the exchange at all in years. As far as I’m concerned, good riddance. I’m also glad I got my mtgox claim transferred to a different exchange.

i am down to coinbase.

i can’t remember how many bumped me.

[ChartBuddy]

Explanation
Chartbuddy thanks talkimg.com

[avp2306]

To sue an exchange is the new china bans bitcoin? 

Losing binance shouldn't effect King Daddy at all and might help by curtailing the shitcoin Eth tard manipulators but Kraken is a good onboarding platform that would suck to lose.

Many got panic on thay news and they think it will be huge disaster for crypto to lose cz or even binance. But if they just widen up their minds they can see a lot of reputable exchange still running if binance will get affected on the issue.

Kraken is one best alternative with that and it seems many people doesn't get a damn on the news that's why a slight downfall only happen since many are not totally affected with current news about CZ plead guilty news. Still best to hodl no issue could stop this upcoming bullrun  .

CZ stepping down is because he knows he did the exact same thing with Binance that SBF did with FTX. The only difference was that Binance had enough customer funds on deposit that they were able to hold the price of BNB up to avoid liquidations. As soon as they started offering wild rates again for stablecoins it was obvious they’re sitting on a house of cards. Hopefully everything unwinds without crashing the market too badly.

He face a lot of legal troubles recently and he maybe think that this is best decision he could do to save up the company.

Hopefully this news will gone immediately and it will not affect the market badly since for sure many doubt about current condition since some think that binance or bnb will crash due to this news. But many still positive that this  issue go away and market can start to climb back.