Just when almost everybody was beginning to feel the crypto world was maybe bottoming out and cryptocurrencies were beginning to show green shoots a new and stronger hurricane has sent prices in a tizzy again. Not too long ago, Sam-Bankman Fried’s FTX had swallowed up troubled crypto firms and the moves looked like they could stave off the storm but life comes full circle and now FTX itself is being gobbled up by Binance. The development comes as concerns over liquidity challenges at FTX grew into a chorus and now the two crypto exchanges have signed a non-binding letter of intent with due diligence expected to begin soon.
https://www.tipranks.com/news/crypto-rout-the-kites-dancing-in-a-hurricane?utm_source=advfn.com&utm_medium=referral
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