FTX-Binance Drama: FTT Loses $2.5 Billion In Market Value – Going For Nil?
The FTX-Binance drama unfolds and deals a heavy blow on Sam Bankman-Fried’s crypto, the FTT. FTT, the token created to act as native cryptocurrency of crypto exchange FTX, suffered a massive blow after news broke that Binance is buying the company. In just a span of 24 hours, the digital asset lost almost 71% of […]
Related News
Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south with little or no break. The bears are becoming too intense, and tension keeps increasing in the market. The fluctuations have triggered the leading crypto exchange Binance, to pursue sustainability. This new action came after the exchange announced its intent to acquire the FTX to ease its liquidity issues. Related Reading: These Solana Numbers May Scare Off SOL Investors – Here’s Why The CEO of Binance, Changpeng Zhao (CZ), has actively noted the events in the....
Events surrounding the FTX and Binance drama spilled over yesterday. With the demise of FTX, the second largest exchange in the world and one of the supposed flagships of the industry, the crypto market has seen one of the darkest days in its recent history. While Binance signed a non-binding letter of intent (LOI) yesterday […]
Let’s get ready to rumble. The war between two of the biggest bosses in crypto space, Binance CEO Changpeng Zhao and FTX CEO Sam Bankman-Fried (SBF) seems to be just picking up steam and is currently the most heated issue for the market. The drama began early Sunday morning when FTX’s FTT token took a […]
The Binance-FTX drama continues as the deal between the parties hangs by a thread. Yesterday, FTX announced a deal with its competitor to surrender its assets amid a “liquidity crunch.” The crypto exchange has billions of dollars in losses on its balance sheet. Related Reading: Coinbase Drops 10% On Binance-FTX Contagion, Says No Exposure To […]
The OKEx drama shows just how immature crypto markets are compared to traditional ones, but it also highlights their overall resilience.