

Ex Coinbase CTO Wagers $2M on Bitcoin Reaching $1M by June



The bet was initiated on March 17th when a Twitter user offered to bet anyone $1 million that the United States would not experience hyperinflation.
Balaji Bet Draws Eyes
Balaji Srinivasan, former Coinbase CTO, has made a $2 million bet on Bitcoin's future performance, predicting that the cryptocurrency will reach $1 million by June 17th.
The bet was initiated on March 17th when a Twitter user offered to bet anyone $1 million that the United States would not experience hyperinflation.
Srinivasan accepted the bet and proposed the terms, stating that if Bitcoin's price does not reach $1 million by the deadline, the Twitter user would win $1 million worth of USD Coin and one Bitcoin. If Bitcoin is worth at least $1 million by the deadline, Srinivasan can keep the 1 BTC and the $1 million in USDC.
I will take that bet.
— Balaji (@balajis) March 17, 2023
You buy 1 BTC.
I will send $1M USD.
This is ~40:1 odds as 1 BTC is worth ~$26k.
The term is 90 days.
All we need is a mutually agreed custodian who will still be there to settle this in the event of digital dollar devaluation.
If someone knows how to do this… https://t.co/tcuBNd679T pic.twitter.com/6Aav9KeJpe
Srinivasan believes there is an impending crisis that will lead to the deflation of the US dollar and, thus, to a hyperinflation scenario that would take the BTC price to $1 million. The bet is based on his view of the future of the US economy, which differs from that of the Twitter user who believes hyperinflation will not occur in the country.
The bet has divided opinion across the industry with many deeming it a marketing ploy, and others playing out the different scenarios that could see us arrive at the speculative conclusion.
Spoke with Balaji, he asked me if I wanted to escrow 25% of it, I politely declined. Sounds like a lot of work for a quarter. 😂 you guys have fun. Rooting for Balaji. 🙏
— CZ 🔶 Binance (@cz_binance) March 19, 2023
One thing is for sure, it has certainly caught the eye of the entire market, piquing the interest of leading figures. CZ initially declaring his interest in being the escrow before withdrawing upon offered to escrow 25%.
Bitcoin's price has reached $27,770 at the time of writing, with its market capitalization adding over $194 billion year-to-date, representing 66% growth in 2023.

The asset has outperformed Wall Street bank stocks amid fears of a global banking crisis. Additionally, for the first time in a year, Bitcoin's price has shifted away from US stocks, rising about 65% compared to the S&P 500's 2.5% gains and the Nasdaq's 15% decline.
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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PancakeSwap v3 Launches on BNB Chain’s Layer2 Network, opBNB

The launch of PancakeSwap v3 on opBNB promises users enhanced transaction speeds, reduced fees, and an overall improved trading experience.
On September 28, PancakeSwap Decentralized Exchange (DEX) announced the launch of PancakeSwap v3 on BNB Chain’s Layer2 network, opBNB. The announcement was made official through a post on its official X account and shared details via its blog.
🐰PancakeSwap v3 has officially launched on opBNB @BNBCHAIN!
— PancakeSwap🥞Everyone's Favorite DEX (@PancakeSwap) September 28, 2023
🔀Trade with fees as low as 0.01%
🥈Provide liquidity to the 2nd largest DEX
⛽️Transfer with gas fees as low as $0.005
👉Learn more: https://t.co/nvu7sZk0L7
🎥: https://t.co/xllWcW0fu2 pic.twitter.com/6QJWp4RdAt
According to the protocol’s blog, the new PancakeSwap v3 on opBNB promises traders and liquidity providers a host of benefits. These include the opportunity to trade with reduced fees, enjoy increased returns, and experience enhanced capital efficiency. Further, the Layer2 network ensures these advantages are delivered with high throughput and minimal gas fees.
opBNB, which powers this new integration, is built on the bedrock version of Optimism’s OP stack. It stands out as a swift Layer2 solution within the BNB Chain ecosystem.
Addressing the Layer1 Limitations
One of the significant challenges with numerous Layer1 blockchains has been handling high transaction volumes. With the introduction of opBNB on PancakeSwap, this issue is addressed.
The opBNB network boasts the capacity to handle over 4,000 Transactions Per Second (TPS). Additionally, it offers a minimal gas fee, which can go as low as $0.005. This ensures improved throughput and scalability for users.
In the words of the DEX, “PancakeSwap on opBNB offers a scalable solution; the opBNB network accommodates over 4,000 TPS and reduces gas fees to under $0.005 for transfers. Users enjoy improved throughput without sacrificing decentralization by offloading processing to Layer 2 while posting data to BNB Smart Chain.”
Expanding the DeFi Space
This recent integration marks opBNB as the sixth Layer2 network to be deployed on PancakeSwap v3. This expansion provides users with a broader range of options in the Decentralized Finance (DeFi) space.
Chef Mochi, the Head Chef of PancakeSwap, shared insights on this development, stating that the integration showcases the DEX’s dedication to promoting widespread adoption and empowering users in the cryptocurrency arena.
“By joining forces with the opBNB, PancakeSwap is pleased to bring users more accessibility and functionality than ever before. Our decision to launch on opBNB reflects our continued commitment to driving mass adoption of DeFi, empowering users, and fostering a vibrant DeFi community,” Mochi said.
The launch of PancakeSwap v3 on opBNB is a significant step forward in the DeFi space, promising users enhanced transaction speeds, reduced fees, and an overall improved trading experience.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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