Guests Ate Everything But The Cranberries

Binance is gearing up for a major makeover under the new CEO, Richard Teng. He’s stepping in after Changpeng Zhao (CZ) had to bow out amidst a $4 billion legal scuffle with Uncle Sam over some not-so-kosher financial dealings. 🧂

A seasoned vet with three decades in financial services and regulation is ready to navigate Binance through the unpredictable tides of the crypto market.

His debut move is a bold pledge for transparency. That’s right, Binance is about to become an open book. He’s also assured everyone that the $4 billion fine and $1 billion in outflows aren’t anything to worry about; Binance is financially buff enough to handle this without breaking a sweat. 💧

Teng’s plan to morph Binance into a conventional corporate entity is the real kicker. Think board of directors, a physical address, and financial openness that will make TradFi happy. 

What does this mean for Binance? It’s a leap into corporate normalcy, starkly contrasting its previous, more elusive operations. With Teng at the helm, the hope is that Binance is set to sail through regulatory waters with a newfound sense of legitimacy and stability. ⛵

$ETH‘s transaction fees could have been a whopping five times higher if not for the superhero efforts of layer-2 rollup networks like Optimism ($OP) and Arbitrum ($ARB). 💸

This revelation comes from a Chainstack report, highlighting that without these rollups, fees would skyrocket by 360% to 420%, and transaction times would also double to nearly two minutes.

The blockchain trilemma posits that networks like Ethereum, which prioritize security and decentralization, often sacrifice scalability. This means transaction fees can hit the roof when the Ethereum party gets crowded.

Enter rollups, Ethereum’s knight in shining armor. These nifty solutions come in two flavors: Optimistic rollups (like ARB) and zero-knowledge (zk) rollups (like $MATIC‘s zkEVM). 🧻

The past two years have seen a surge in rollup usage, and they have been crucial for Ethereum, helping it stay afloat amidst the rising tide of network activity.

Despite this, Ethereum’s average gas fees (hovering around $1) have continued their upward trajectory from 2021 to now. ⤴️

Here’s a story that should warn everyone to keep their guard up. Bored Ape Yacht Club ($BAYC) member Crumz found himself on a Zoom call that smelled fishier than a tuna sandwich at a vegan convention. 🐡

Picture this: a supposed Forbes interview turning into a heist movie plot, minus the popcorn.

Crumz, our digital art collector, got a ping from someone claiming to be Robert LaFranco of Forbes fame. Crumz, perhaps dazzled by the Forbes spotlight, missed that this LaFranco was as real as a three-dollar bill.

First, Fraudy McFranco bails on the initial call, blaming a family crisis. Then, rescheduled for November 26 and showed up fashionably late with a buddy.

As the interview progressed, things got weirder. The scammers, running on a non-premium Zoom account, kept switching links. Then, they played their masterstroke: “Hey, Crumz, mind if we record your screen? Oh, and can you fetch a banana?” 🍌

Crumz, sensing something was more off than pineapple on pizza, played along. Mute. Pretend banana hunt. Meanwhile, the scammers, thinking they hit the jackpot, started fiddling with his screen. Little did they know, Crumz’s NFTs were as secure as Fort Knox, in cold storage.

Realizing the jig was up, our hero shut down his computer faster than you can say “scam,” leaving the scammers with nothing but their foolishness.

So, there you have it, folks. In the digital jungle, always watch out for bananas. They might be a scammer’s bait. 🐟

A pause or pullback with $BTC‘s current price action shouldn’t be unexpected. ✋

There are significant gaps between the bodies of the weekly candlesticks and the Tenkan-Sen, and the length of time these gaps have existed is four consecutive weeks. 

These types of gaps often correct within four to six periods. Within the Ichimoku Kinko Hyo system, candlestick bodies and the Tenkan-Sen don’t like being far apart. They’re like a needy, jealous relationship; when one gets too far away, they panic and can’t wait to be back together. 

The nearest support level is the Tenkan-Sen at $32,492, but because the Chikou Span is above the Cloud and because it responds to the same support and resistance levels as price, Senkou Span B at $33,790 is where support might be found if prices do pullback. 👉