Tether/iFinex used Binance for the pump while Arthur was gone. Now the true king Arthur has returned: the voice of reason in overheated markets. Bring the dump.
And to go full 4D chess: what if the SEC made a deal with Arthur to bring down iFinex? Which can be done by hitting their achilles heel: crash Bitcoin hard. And that's one of Arthur's biggest talents.
Next week will bring some unexpected plot twists.
And to go full 4D chess: what if the SEC made a deal with Arthur to bring down iFinex? Which can be done by hitting their achilles heel: crash Bitcoin hard. And that's one of Arthur's biggest talents.
Next week will bring some unexpected plot twists.
We still have the Tether pump situation (first mint happened yesterday in the post NYAG ruling era). If the 90 day window is on (which it is).
There is a possibility that iFinex knows that never can fulfill / comply to the mandatory reporting and transparency dictated in the NY ruling. Which could lead to even more excessive minting of Tether and crazy pumps. This would destroy the whole cycle theory. We could see an extreme crash two months later (after the 90 day window). Because it will take some time before the ban hammer falls.