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US President Trump: Just as I successfully pushed through the "Big and Beautiful" bill that everyone said was impossible, and the $1,776 for our great military personnel, if Republicans win the House and Senate, I will fight for $5,000 for adult citizens. Go vote!On September 15th, according to foreign media reports, Chicago Board of Trade (CBOT) wheat futures fell to their lowest level in more than two weeks on Monday, mainly due to market expectations of a possible easing of tensions in the Black Sea. Wheat prices reversed course after Trump stated that Ukraine and Russia had agreed not to attack each others energy targets. StoneX analysts stated that speculative funds holding large long positions appear to interpret this new pressure from the US as a signal that could prompt a de-escalation of the Black Sea commodity shipping situation, but whether the actual situation will improve remains to be seen.On September 15th, according to Lithuanian sources, an unidentified drone entered Lithuanian airspace and was shot down by NATO fighter jets on a Baltic air patrol mission. The drone was reportedly shot down over the Aretus district in southern Lithuania. Following the incident, Lithuanian fire and rescue services issued a yellow alert for air threat a few minutes after midnight, covering Vilnius, the Vilnius district, and the Trakai district. The alert has since been lifted. Vilnius airport operations and related airspace were temporarily restricted. The Lithuanian National Crisis Management Center stated that authorities spotted the drone in the Trakai district and scrambled fighter jets on a NATO patrol mission. Approximately 30 minutes later, authorities reported that the drone had been shot down. It is understood that the drone may have entered Lithuania from Belarus. Lithuanian officials have not yet released the drones model, ownership, or the specific reason for its entry into Lithuanian airspace.On September 15th, it was learned that the US governments oversight agency released its first report on the impact of the US-Iran war on September 14th local time, acknowledging a shortage of advanced US military weapons and publicly disclosing damage to US military aircraft, military bases, and diplomatic facilities in the Middle East. The report from the US Department of Defense Inspector General stated that the war has caused a "strategic stockpile shortage" and exposed bottlenecks in military production capacity for ammunition replenishment. Experts previously estimated that it might take the US military approximately three years to restore its advanced missile and air defense interceptor stockpiles to pre-war levels.On September 15th, Bank of America CEO Moynihan stated on Monday that he expects the banks investment banking revenue to decline by at least 10% in the third quarter, while sales and trading revenue will remain flat. Moynihan anticipates third-quarter investment banking revenue to be between $1.6 billion and $1.8 billion, down from $2 billion in the same period last year. He stated that the deal pipeline remains ample, but also warned that rising interest rates could lead to a slowdown in some funding demand. Moynihan stated, "We have very strong confidence in the fundamentals of the U.S. economy."

Binance's Investment in Terra LUNA is Denied by CZ

Cory Russell

May 16, 2022 10:22

CZ Dismisses Reports That Binance Has Invested in Terra

On Thursday, Binance delisted LUNA perpetual contracts with a Bitcoin (BTC) margin.


CZ had already expressed his dissatisfaction with the Terra team's handling of the problem.


As the LUNA and UST drama proceeded to shake up the market, Binance CEO Changpeng Zhao (CZ) issued a warning on Twitter to "respect the market, with a degree of care."


Despite CZ's criticism, allegations circulated on Twitter last week that crypto exchange Binance was one of the major investors in the Terra LUNA ecosystem during the LUNA and UST crises.

CZ Is No Longer Associated With the LUNA Investment

Binance CEO CZ come forth to address the Terra rumors in order to clear Binance's reputation. "First, I need to confront misinformation floating in crypto Twitter," he stated on Twitter. Binance did not participate in Luna's second round of financing and did not purchase any UST. In 2018, Binance Labs invested $3 million in Terra (the layer 0 blockchain). After our first investment, UST arrived significantly later."


Binance Labs, according to CZ, has invested in a variety of crypto ventures over the previous four years. While some of these efforts have failed, others have been quite successful. CZ said, "That's how investments operate."