Cryptofans we LOVE YOU!!!
It's very funny that Gary gave a Howey notice of lawsuit to Paxos / BUSD. Why? cause there are only four prongs to the Howey test. & one of them is- did you invest expecting profit?
Anyone who invested in BUSD expecting a profit is on WAY stronger drugs than anything WE have ever seen ah HA HA HA HA!!! Could this be Gary wagging the dog? so we don't remember him meeting with 2nd largest donor EVAH Sammy to discuss giving FTX a reg monopoly!! Ar ar ar ! Nah of COURSE not!!
SBF's favorite tradfi newspaper, the FT (lol) keeps going on about how Gary curb-stomping BUSD is just gonna hurt BINANCE so, SO bad!! Dear readers are sick of us laughing over how USDT just keeps gaining market cap on USDC. But Binance!!! Did COINBASE eat Binance's lunch!! Was Binance destroyed by the fall of BUSD?
Numbers from the Block, link below: in Jan 2023, BInance did 475 billy in vol. Coinbase? 55 bil. In feb, when Gary dropped the bomb - Binance 545bn, Coinbase 40bn. So far this month? Binance 57bn, Coinbase 4.2bn. LMFAO!!! the relative share of Binance's volume went UP!!!!!! Eat it FT!!
Ok, that was harder than it looked. Had to choose the Block for credibility.
We have defended Binance a lot, let's make FUN of Binance for a minute. Who's numbers DO we trust, Father Ted? Well, there's CoinMarketCap
Let's check the trusty CoinGecko!!
Huh! Here we see COIN with the perfect 10 rating & Binance at only a 9!! And lookit them normalized volumes!!! COIN's volume went from 8.5 billion a day to 3.3 billion!!
WTF? OH, oh wait. Binance OWNS coinmarketcap!!! Ohh, that's pretty cheeky Coinmarket cap! Mark Binance at a perfect 9.9 and knock almost 30% off of the COIN trust score?? AH HA HA HA HA HA HA!!
booo binance, boo. a 10% denigration of your competition would be plenty. Do we believe Coinbase is cooking vol books 30% worse than Binance?? We do NOT. Credibility is LOST. & once ya mis trust - love's gone behind!!!
Peace out,
