Are we experiencing the modern-day Lehman Brothers collapse in real-time? Crypto lost nearly $200B in market value this week, and it’s not even Friday yet. Monday: Signs of trouble emerge with the second-largest crypto exchange, FTX. Tuesday: The collapse begins. The largest crypto exchange, Binance, said it was looking into buying FTX — pending due…
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Never a dull day in crypto; Binance to acquire FTX
Crypto almost blew up overnight (again). One tweet yesterday sent shockwaves through the industry. The founder of the world’s largest crypto exchange, Binance, said he’s in the process of buying the second-largest, FTX. While it all seemed to happen overnight, the tension has been there for years… To understand the full story, we go back…
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