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🟦 US government launches investigation into crypto giant DCG, parent company of CoinDesk, Grayscale and Genesis.

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🟥 Between 2015 and 2022, Nigerian public officials reportedly withdrew cash equivalent to $2.45 billion from government bank accounts.

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Funding rate were negative. Which led to short squeze Negative funding rate implies that no of short open is more as compared to long. As a result exchanges went for short squeze to liquidate shorts. We see a spike in price which led to our stop loss hit in some calls.

The current pump is just a short squeze exchanges not a genuine pump.

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🟦 FTX spent $40 million on hotels, flights, and food in 2022, court filing reveals.

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