2023-10-17

🤯 FTX's Dark Secrets REVEALED!

October 17, 2023

Good morning, beautiful people,Up, Down, Up, Down....are we in crypto or...?

Right, let's go!

🫘 Singh Spills Beans
🚗 Cars Meet Crypto
🤾 Crypto Whiplash Alert!

🔍 FTX Whistleblower Drops Bombshell

Crypto's spicy soap opera just got hotter with FTX's Director of Engineering, Nishad Singh, throwing in his own plot twist!

Taking the stand in the courtroom drama starring former FTX CEO Sam Bankman-Fried (SBF), Singh, like a movie hero turning on the villain, revealed all about SBF's alleged sneaky business. 😲

Hoping to keep his own nose clean, Singh confirmed he did get his hands dirty alongside SBF and crew in some fraud and campaign shenanigans.Rats and sinking ships... definitely!And, like any loyal sidekick, he echoed what other witnesses had been humming: SBF was the big cheese, pulling all the strings. 🧀

While SBF was supposedly "not in charge" of Alameda, Singh painted a picture where he was pulling the puppet strings from behind the scenes.Singh also highlighted some tech trickery, discussing a sneaky "allow negative" feature and its misuse. 🎭

Now, as for political donations, Singh's bank account became the unexpected star of the show, playing the role of a middleman for some "shady" transactions.And guess who was allegedly directing this financial theatre? Yep, our man SBF.The phrase blind leading the blind springs to mind!

Grab your popcorn, folks. 🍿 This courtroom drama is set to roll on, and next week's episodes promise more juicy revelations. Stay tuned!

🚗 Ferrari Embraces Crypto Payments

It seems Ferraris aren't just roaring down streets anymore; they're zooming through the crypto highway too! 🛣️

In a twist no one saw coming, the fancy Italian stallion announced it's now accepting some pretty popular cryptocurrencies as payment.Nope, I still can't afford one...my little Toyota will be fine thanks! 🚙Suddenly, the symbol of luxury meets the symbol of modern digital finance. 🏁 Enrico Galliera, who sits high up in the Ferrari tower, threw light on this innovative pivot.It's not just about embracing the crypto wave; it's a nod to the eco-friendly changes within the digital currency realm, like Ethereum giving a green thumbs up with its recent eco-conscious switch. 👍🍃

But wait, there's more! Ferrari's focused on a big green goal: becoming carbon neutral by 2030.While other car biggies like Kia and Hyundai use blockchain to trace their carbon footprints, Ferrari is getting a head start in the crypto race. 🌍It's probably the only time a Ferrari has needed a head start! 🤣

So, to all the crypto moguls out there, you can now use your Bitcoin, Ethereum, XRP, or even your Shiba Inu coins to snag a brand-new Ferrari. Vroom vroom! 🚗💨

📉 Bitcoin's Rollercoaster Ride on False ETF News

Hold onto your digital hats, folks! 🎩 The ever-dramatic Bitcoin recently took crypto enthusiasts on a thrilling, if not dizzying, ride.

BTC's price suddenly leaped from $27,900 to a whopping $30,000, all thanks to... a fake news update? 🚀📲

The misleading buzz began when a post on social app X hinted at a Bitcoin spot ETF getting a nod of approval.Cue the frenzy! The aftermath? A colossal liquidation sum close to $100 million within the hour. 💰💥... anyone else smell a conspiracy theory here? 🤔

Yet, just like that kid in school who realizes they've got the wrong answer, Bitcoin quickly backtracked, landing at $28,000.After all, official sources like BlackRock and Bloomberg doused the flames by declaring the news as fake. 🚒

For the uninitiated, liquidation is kind of like your Mom telling you to clean your room – it’s when an exchange steps in, tidying up a trader's risky position due to insufficient funds.And in this case, there was a LOT of tidying. 🧹

The real talk of the town is that the SEC website doesn't even list any approvals for a Bitcoin spot ETF.But, here's the juicy bit: the chances of Grayscale's GBTC converting to a spot ETF look brighter, causing Bitcoin to gleam 4% higher during the Asian morning bell.Shine on, you crazy digital diamond! 💎🌞