Discover and read the best of Twitter Threads about #Bullmarkets
Most recents (2)
🚨 Paxos-Binance USD Issue Sparks Concerns over Stablecoin Oversight and Backing 🤔
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t.me/matrixportupda…
🔢 What You Need to Know in 10 Bullet Points: 📝
#BUSD #Paxos #Binance #Stablecoins #Crypto 💰
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t.me/matrixportupda…
🔢 What You Need to Know in 10 Bullet Points: 📝
#BUSD #Paxos #Binance #Stablecoins #Crypto 💰
1/ 🟢 #Paxos, a regulated trust company based in New York, issues and redeems the dollar-backed token #BUSD, licensed to be called "#BinanceUSD," a #stablecoin.
2/ 📉 In the past 24 hours, #BNB has dropped -6%, and around $2.4bn of shorts have been put on. But the issue does not appear to be around #stablecoins per se, what the market initially feared, but rather that #Paxos was not stringent enough with its oversight of the #BUSD.
(1/7) #Bullmarkets are periods of increased #asset values due to regular #price fluctuations. This thread emphasizes on its causes and characteristics. 🐮🧵
Learn More 👇
medium.com/zignaly/llts22…
Learn More 👇
medium.com/zignaly/llts22…
(2/7) Wage growth, capital inflows, minimal unemployment, strong #consumer spending, and increasing corporate #profits are all factors that lead to sustainable #bullruns. 🐮📈
(3/7) Characteristics of a #BullCycle:
1. Boosted #investor confidence, falling policy rate. 🔝📈
2. More #money being invested in the future by businesses. 💵📈
3. There is a decline in the #unemployment rate. 👨💼📉
4. The process of #spending money is more straightforward ⬆💯
1. Boosted #investor confidence, falling policy rate. 🔝📈
2. More #money being invested in the future by businesses. 💵📈
3. There is a decline in the #unemployment rate. 👨💼📉
4. The process of #spending money is more straightforward ⬆💯
