China's Evergrande... RIP.
Updated
Will they bring down global markets, along with Crypto (at least temporarily)?
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In addition, no FUD by any means... I thought you all would find this interesting. In the last 72 hours (You can go verify this from paid resources):Aggregated exchange Inflows
Binance 15,828 BTC + 4,088 BTC + 4,673 BTC + 1,429 BTC
Kraken 766 BTC
Coinbase 2,900 BTC
Bithumb 2,632 BTC
Huobi Global 231 BTC
Ftx 194 BTC
There's a lot more in the last hour, but you get the hint.
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~10,000 more BTC inflow into Binance in the last hour.Note
2 hours ago — S&P Global Ratings has warned that Evergrande's default is “inevitable” as China's property market dilemma intensifies.
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Aggregated exchange Inflows in the last 6 hours~ 2,100 BTC into Bithumb
~ 2,500 BTC into Coinbase
~ 11,000 BTC into Binance
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Good Morning TV Gamblers,New Aggregated exchange Inflows in the last 6 hours:
~ 9,000 BTC into Binance
~ 1,500 BTC into Bitfinex
~ 589 BTC into Huobi
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China Evergrande Has Defaulted on Its Debt, Fitch Saysnytimes.com › 3 hours ago › 2021/12/09 › business › china.
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"Markets saw a weak session in Asia as we continued the slide across risk assets. The default of Chinese real estate giants Evergrande and Kaisa weighs on an already edgy environment so far this month. CPI numbers today could trigger yet another violent move for the US session in either direction, although the FOMC next week will likely trigger greater turbulence."Note
Just in time for the Chinese New Year. Probably nothing...bloomberg.com/news/articles/2023-01-16/evergrande-auditor-pwc-resigns-after-disagreements-over-
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