First Mover Asia: Bitcoin regained ground lost on Monday to hold fast over its previous $16K support, but its price is delicately balanced; Changpeng Zhao retreats from a tweet. JPRubin23 reports.
By James RubinTuesday saw crypto exchange Binance founder Changpeng"CZ" Zhao add his voice to the chorus of crypto observers doubting that Grayscale, operator of the biggest bitcoin trust, holds as much BTC as it says, but then quickly retreat.
Zhao initially tweeted numbers that if true would have undermined a position by Grayscale and its partner, crypto exchange Coinbase that such concerns were unwarranted. But he deleted his tweet after Coinbase CEO Brian Armstrong appeared to respond soon after on Twitter. "If you see FUD out there – remember, our financials are public ," Armstrong wrote, referring to crypto parlance forZhao appeared contrite:"Brian Armstrong just told me" the numbers"are wrong," he wrote, adding:"Let’s work together to improve transparency in the industry.
But shortly after announcing his $44 billion purchase of social media platform Twitter, Musk had invited Bankman-Fried to sink a $100 million stake he owned in the previously publicly traded company. And as Semafor reported, the two even had a phone call in late spring weeks before the deal closed about Bankman-Fried possibly joining a bid for Twitter. Bankman-Fried elected not to participate but contributed his $100 million in stock toward a now privately held company.
"The best pitchers have a short term memory and a bullet proof confidence," the Hall of Fame Major League baseball pitcher Greg Maddux once said.
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