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Category: general

Big Short Investor Michael Burry Breaks Silence to Warn of Market Bubble

TLDR Michael Burry posted his first warning on X since April 2023, suggesting a market “bubble” exists but sees no clear way to profit from it Burry changed his profile name to “Cassandra Unchained,” referencing the Greek figure whose true predictions were never believed He is not currently shorting or buying the market, choosing to [.] The post Big Short Investor Michael Burry Breaks Silence to Warn of Market Bubble appeared first on CoinCentral.

Strip club executives allegedly bribed tax auditor with lap dances and luxury trips to slash tax bills

Strip club executives allegedly bribed New York tax auditor with cash, luxury trips and lap dances to avoid $8 million in taxes, according to sweeping indictment.

How Justin Dean might have saved Dodgers’ season

The Los Angeles Dodgers live to fight another day! Things seemed dire in the final inning, especially after Roki Sasaki accidentally hit Toronto Blue Jays catcher Alejandro Kirk to send him on base with no outs. With postseason hero Addison Barger coming up to the plate, the Dodgers needed things to go their way. Barger [.] The post How Justin Dean might have saved Dodgers’ season appeared first on ClutchPoints.

MEXC Denies Insolvency Rumors Amid Massive Withdrawals

The post MEXC Denies Insolvency Rumors Amid Massive Withdrawals appeared com. MEXC exchange has denied ongoing insolvency rumors after users reported withdrawal delays and increased fund outflows. The crypto exchange said it will update its Merkle tree data tonight to allow users to verify the reserves directly. MEXC Outflows Surge to $5. 5B Amid Liquidity Fears The exchange issued a public statement reaffirming that all assets are “fully backed” and supported by Proof of Reserves (PoR) showing over 100% coverage. The clarification follows rising speculation on social media about MEXC’s liquidity, with some users claiming to have experienced slower transaction times. In response, the platform said such claims were “false and misleading” and emphasized its “strong financial health.” However, data from CryptoQuant shows Bitcoin withdrawals on MEXC have surged to record highs. CryptoQuant data shows a dramatic spike in Bitcoin outflows from MEXC, signaling trader caution and potential liquidity stress. The massive outflows is a reflection of mounting apprehension among traders. The visual data indicates large BTC, SOL, and ETH movements over the past 24 hours. Exchange reserve data by Coinglass shows MEXC holds around $5. 13 billion in assets. The platform saw $5. 50 billion in outflows over the past 24 hours, the largest among its peers. Net outflows were also registered in KuCoin and Bitget but their amounts were significantly smaller compared to MEXC. Analysts Doubt MEXC’s Transparency, Request for Independent Audit The main question that market analysts and community members still pose is whether the PoR statement alone by MEXC is enough to regain user confidence. A financial transparency analyst, Shanaka Anslem Perera replied, “Evidence of solvency is no press release”. He added that the crypto exchange should be able to show verifiable on-chain balances, evident liabilities, and perform external verification. Perera also emphasized that “withdrawals are the audit.” This means liquidity strength is tested only when users can freely withdraw.

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