I wonder if the govt has an algorithm they are using to just screw everyone in the crypto sphere by just super whaling all the coins they want to control and then dumping if they dont like it. Then screw everything up on these exchanges with derivatives. I'm hoping govt comes in and try's to pump and dump this bitch with a TON of money and then gets rekt
"after a hearing attended by both parties' legal representatives in April 2021, the High Court of Hong Kong has now determined that this injunction should not have been granted, as it had been improperly obtained and constituted an abuse of process by SCC. On this basis, SCC was ordered to pay Mr. Zhao's costs in relation to the legal proceedings."
Those 10X 20X 100X leverage multipliers in Bitcoin are already enough volatility to crazy diehard bitcoin traders. But for wide adoption - i believe BTC will move 3% volatility only - WHICH IS BETTER in my opinion. Similar to just normal stocks.