Binance Is Going to Acquire FTX Live Updates Where Sam Bankman-Fried Talks About How the Crypto Market Crashed Binance Is Going to Acquire FTX.
Recent Released: Prepare for “Scourge,” a New Stage in Updated Ethereum Roadmap
When cryptocurrency exchange FTX reached out to Binance for assistance with a liquidity shortage it was experiencing, the market plummeted. Changpeng “CZ” Zhao, CEO of Binance, has announced that he and Sam Bankman-Fried, CEO of FTX, have signed a non-binding LOI with the intention of acquiring FTX.com in its entirety.
Along with the rest of the market, crypto prices dropped. Within the past day, the price of Bitcoin has dropped by 7%, while the price of Ethereum has dropped by nearly 11%.
Recent Binance-FTX News & Market Data
12:23 PM | NOV 09 2022
There Was a 78% Drop in FTX Token (FTT) FTT, the native token of the FTX exchange, has dropped by nearly 78% in the past day, from $8.50 to $3.15. The daily low is $3.15, and the daily high is $19.51.
12:16 PM | NOV 09 2022
The Alameda Study by SBF Failed in the Second Quarter. In the second quarter of this year, Alameda Research was already in serious difficulties. Forty days ago, a massive rabbit hole opened up when $4 billion worth of FTT tokens (of of a total of 173 million) suddenly became active on the blockchain. CoinMetrics reports that on September 8 a total of $8 billion in FTT was transacted on the blockchain.
11:48 AM | NOV 09 2022
As Binance prepares to acquire FTX, the cryptocurrency markets crash.
Following reports of a liquidity crisis at FTX, the cryptocurrency markets crashed. Binance has a LOI in place to acquire FTX, however it is not legally binding. In the past day, Bitcoin was down 12% and Ethereum was down a stunning 17%.
11:46 AM | NOV 09 2022
The FTX Buyout is Official, Says Sam Bankman Fried
After Binance CEO Changpeng Zhao announced plans to acquire a competitor, FTX CEO Sam Bankman-Fried confirmed the agreement and asked Binance to ease a liquidity shortage on the exchange.
11:40 AM | NOV 09 2022
The Binance Exchange Is Purchasing FTX
After Sam Bankman-Fried reached out to Binance CEO “CZ” for assistance during a liquidity crisis, Binance said it will acquire FTX, a competing cryptocurrency exchange.
Source: Google Trend