EddieJayonCrypto
13 May 22
• Elon manipulates Twitter again• LUNA gets delisted and Do Kwon in fear for his safety• Germany says no to crypto sales tax• FTX CEO buys a 7.6% stake in RobinhoodThe past couple of days have seen some major moves. Here is what is on my mind today.1. Elon Musk does more market manipulation by dropp...
• Elon manipulates Twitter again• LUNA gets delisted and Do Kwon in fear for his safety• Germany says no to crypto sales tax• FTX CEO buys a 7.6% stake in RobinhoodThe past couple of days have seen some major moves. Here is what is on my mind today.1. Elon Musk does more market manipulation by dropping a tweet at about 5:30 AM this morning saying the Twitter deal is on hold. As you might have guessed, that made the stock plunge a bit. When the news first his it was down over 25%. As of this writing it is down only 12.6%. 2. LUNA gets delisted all over the place. At this point, I think FTX is one of only a couple of exchanges where you may be able to trade it. The LUNA team had also halted the blockchain to try and figure out how to move forward. Even more concerning is Do Kwon, CEO of TerraForm Labs had an unknown visitor at his home and is now fearing for his own safety. The term "Shit just got real." comes to mind. 3. Germany announced there will be no tax on crypto sales for investors holding at least 1 year. That is a very big deal as more and more people seek regulatory clarification. Germany is going to publish a sales tax guide shortly. I think this is a very interesting maneuver because Germany has a growing and active crypto community. 4. We learned yesterday that FTX CEO snatched up a passive 7.6% stake in Robinhood. The purchase actually happened on May 2nd. I am not a fan of Robinhood, but I think there could be good things ahead for them.