Unexpected News from Binance.

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link down below wow CZ at binance really

knows how to get the crypto Community

supporting him and even though some of

us have our suspicions you have to give

credit where credit is due they're doing

all the right things to boost their

credibility at least where they can in

this video we're going to talk about

what Fortune insiders had to say crypto

quotes a latest analysis and what this

whole Voyager game plan is let's go

ahead and start with crypto Quant hey

everyone me Kevin here let's review

everything we can about binance uh at

least the latest because Boy A lot of

people are wondering is binance going to

be the next FTX we've been covering this

for quite a while and cz's interview

didn't give us a lot of confidence on

CNBC though some of this might help

crypto Quant who was a Critic of the FTX

blockchain Behavior specifically around

ftt token has recently come out to

conclude that binance's reserves are

quote not showing ftx-like Behavior at

this point

and they found that binance's BTC

on-chain liabilities very closely

resemble what they actually hold on

chain now this is actually very good now

of course Michael burry tells us a proof

of reserves are essentially meaningless

and audits are essentially meaningless

in the crypto world because most

Auditors are just learning as they go

but at least it tells us that when Binet

says hey our assets are backed one to

one it appears at least for Bitcoin not

sure about the other coins that Bitcoin

is backed one to one now there is no

risk that the entire corporate structure

of binance could be pledging the value

of binance for loans so that way they

can make other Investments and

potentially expand their business for

example where did binance get the money

to invest 500 million dollars into

Twitter where are they going to get a

billion dollars to invest in Voyager

digital when just a few days ago they

kind of that they didn't have 2.1

billion dollars available or they wanted

their attorneys to speak to that yet now

they're talking about Voyager and who

knows maybe they were talking in such a

way because they wanted to have the best

possible negotiation with voyager and

it's better to appear poorer when you're

in a negotiation to try to get a good

deal right rather than have to try to

convince CNBC that you're solvent or

liquid well this from crypto crypto

Quant does seem to be at least a boost

to binance's credibility assuming of

course there's no connection between the

owners of crypto Quant and binance

remember crypto Quant did previously red

flag FTX and they are not red flagging

binance but then again we can never be

so sure about the connections between

all of the folks in crypto and we should

always be skeptical of everyone and

everything that we hear so remember and

I want to be very clear about that when

a corporation can say something like hey

look we have all of our assets backed

one to one let's say you have the

umbrella of binance and here you have

all of the BTC Holdings that customers

have deposited and let's say they're a

billion dollars of those maybe it is

true that you do have a billion dollars

worth of BTC on hand but what if you've

now gone ahead and pledged 500 million

dollars against the value of binance in

its entirety so that way somebody else

lends you 500 mils so you can go invest

in Twitter and then you get another 500

ml to invest over here a billion to

invest over here and over here and over

here and if some of those bets start

going bust and start margin calling

Finance that's where the question comes

up is binance potentially ever going to

have to liquidate something like the BNB

token now the binance token is one that

binance says is really decentralized and

people shouldn't have these concerns

although that doesn't really hold

perfectly true because when in October

they were hacked for 570 million dollars

by Finance was really quick to pause

on-chain activities for B and B Finance

is obviously under multiple

investigations but not just the

Department of Justice but by other

departments as well so there are a lot

of questions here that if BNB ever went

down you could see a similar kind of

collapse that you saw at ftt except B

and B going down could also bring up

good old tether fud again and could take

tether down by deepiking tether as B and

B might have to sell a lot of their

feather Assets Now a lot of that just

fud understandably so CZ says we're

going through a stress test right now

and maybe it's nothing to be concerned

about after all this crypto quad

argument is nice but it still doesn't

give us transparency about all of the

liabilities that are held by binance and

that's something that CeCe says they're

working on auditing but they haven't

revealed just yet now keep in mind one

of the things that was unique about the

ftt the finance the FTX token was is

that FTX was essentially making Bets

with ftt and using ftt as collateral so

when ftt bets failed and the value of

ftt fell then all of a sudden the actual

under the belief of the stability of FTX

as a platform and the value of FTX as a

platform fell and when the value of FTX

as a platform fell the value of ftt

token fell more and so you had the stair

stepping to Hell basically at FTX and at

least according to crypto Quant that

does not appear what's going on or to be

what's going on at binance and this is

also reaffirmed by insiders who spoke

with Fortune who say that right now it

does not look like the activity

happening at binance is anywhere near as

bad as what happened at FTX now how bad

is bad enough to still cause problems

well TBD but at least at this point

binance is working really hard to at

least create the appearance that they

are strong and now they are offering one

billion dollars for Voyager digitals

assets Voyager digital of course went

bankrupt and they're offering 22 million

dollars for other value for the company

which could be residual brand value this

is now leading the penny stock of

Voyager digital to Surge it has

presently surged over 87 percent at the

time of this recording you can see here

Voyager digital has gone from a 20 stock

all the way down to literally a 1.8 Cent

stock a uh basically a penny stock

although a stock becomes a penny stock

once you hit five dollars it actually

became worth approximately a penny it's

now sitting at about 5.7 cents a nice

move up there on just pure speculation

over this binance deal going through now

I personally think binance is using a

lot of these as tools to increase their

clout it's useful to be able to say uh

yeah we'll buy out FTX and then they

pull out on that it's useful to be able

to say oh yeah we'll buy Voyager digital

to try to create the semblance of

stability it's like what they're trying

to do with an industry Consortium and

this Consortium could collectively have

money to basically create a bailout fund

for other crypto businesses that end up

having problems now so far it looks like

less than a hundred million dollars from

money outside of binance was committed

to this fund so we don't have a lot of

faith in that fund if problems happen to

binance but Finance is trying to

Showcase hey you know what we're here to

try to be the only lender of Last Resort

because they're the biggest player left

so not only is them trying to show their

strength with voyager important crypto

Quant important Fortune insiders

important and the industry Consortium

important but they're also making sure

to top off their promises remember when

I called out that seifu their Insurance

Fund had fallen below thresholds by a

large amount and they said they had a

billion dollars they had maybe three to

four hundred mil available well they

topped that off within about eight hours

of my making that video and I'm not

saying it was my fault that they made

that video that that update but whatever

tip them off to realize that their

Insurance Fund was below threshold and

then they topped it off at least they

did the right thing and topped it off so

a lot of things to think about here but

I will say so far all the things we're

hearing here are definitely better news

than what we heard at FTX but I just

want to be Crystal Clear personally I

would not have my money in any stable

coin or any exchange right now not my

keys not my crypto you could keep your

yield I just want my possession that's

all I would be caring about right now at

least until we get through the bitter

cold crypto winter it's just not worth a

yield for a few extra months of patience

in my opinion thanks so much for

watching and we'll see in the next one

good luck