BINANCE Sees $3 Billion In Outflows

Binance, the world’s largest cryptocurrency exchange, said Tuesday it is pausing withdrawals of the stablecoin USDCUSDC -0.2% while it completes a token swap involving the asset. Withdrawals in other tokens tied to the value of the dollar–specifically tether and BUSDBUSD …

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Binance reportedly processed over $10 billion in illegal payments this year and a DOJ investigation is looking into top executives including CEO Changpeng Zhao. Did Sam Bankman-Fried’s parents call in a few DoJ favors? Payback is a b*tch…

The US Justice Department has been investigating crypto exchange Binance over money laundering violations, Reuters reported Monday. The report says that Binance processed over $10 billion worth of illegal payments in 2022. A Binance spokesperson told Insider that it would …

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Blackstone limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge of redemption requests

by silvertomars Closing the gates and leaving investors with illiquid positions they can’t redeem. Investors fear Blackstone has been slow to mark down valuations. Asset panic leading to liquidity problems, hmm. I do believe I have seen this before. https://www.reuters.com/business/finance/blackstone-limits-redemptions-69-billion-reit-2022-12-01/ …

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Inflation Alert! Interest payments in the third quarter up 13.59% ($88.125 billion) from last quarter and 24% ($143.667 billion) from this time last year.

by Dismal-Jellyfish Interest costs and the national debt could be even higher if interest rates continue their upward trajectory and outperform CBO’s economic forecast. They planned for this, right?!?!?! CBO estimated CPI inflation will total 4.7 percent in CY 2022, 2.7 …

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