Binance Raided In France, Tether Depeg Explained, Bitcoin Price Update, RNDR, MATIC, BNB TA & Crypto

In this video, we discuss the latest developments surrounding Binance, Tether, and various altcoins. France is investigating Binance for potential money laundering, while the Netherlands has closed its doors to the exchange. We explain the depegging of Tether and delve into its backing, including 58% US Treasuries. Bitcoin's technical analysis (TA) is analyzed, along with collateralized debt, perpetual contracts, and spot orders. Altcoins like BNB, MATIC, and RNDR are also covered.

#bnb #matic #rndr #usdt #tether #bitcoin #binance #cz

Time Stamps:

0:00 Intro
1:53 France investigates Binance for money laundering as Netherlands shuts door on exchange
5:28 Tether Depeg Explained
9:23 What Backs Tether? 58% US Treasurys and a Mess of Other Stuff
10:33 Bitcoin TA
16:30 Bitcoin CVD, Perp, Spot Orders
19:28 BNB, MATIC, RNDR Alt TA

Sources:

France investigates Binance for money laundering as Netherlands shuts door on exchange
https://finbold.com/france-investigates-binance-for-money-laundering-as-netherlands-shuts-door-on-exchange/

Binance’s French arm says money laundering raid was ‘regulatory obligation’
https://protos.com/binances-french-arm-says-money-laundering-raid-was-regulatory-obligation/

We regret to announce that Binance is leaving the Dutch market as we have been unable to register as a VASP with the Dutch regulator.
https://twitter.com/binance/status/1669628787267624961?s=20

In France, surprise (no advanced notice) on-site inspections of regulated businesses are the norm, for banks, and now for crypto too.
https://twitter.com/cz_binance/status/1669689734598127619?s=20

Tether backing breakdown from Bloomberg based on the '21 docs:
https://twitter.com/adamscochran/status/1669676766875508737?s=20

What Backs Tether? 58% US Treasurys and a Mess of Other Stuff
https://blockworks.co/news/what-backs-tether-58-us-treasurys-and-a-mess-of-other-stuff

Billions Of Tether’s Reserves Were Stored At Cantor Fitzgerald, Capital Union And Ansbacher
https://www.forbes.com/sites/davidjeans/2023/02/10/tether-reserves-cantor-capital-union-ansbacher/?sh=2969adbf4928

Economic Calendar:
https://www.marketwatch.com/economy-politics/calendar

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