deadeye
Warrior
Posted this a few days ago in the Crypto thread:
Something's off.
I don't think any of this is happening by accident.
It seems very calculated.
Just a few months ago, it seemed like FTX was the strongest exchange on the market.............and Friedman was throwing hints that Coinbase and Binance might be broke.
FTX bought Block-Fi..........and was in talks to help Voyager and Celsius.
The Block-Fi purchase really surprised me, because.........based on what I know (or thought I knew) about them.........I thought they were bigger than FTX and would be more than likely to buy them.
Not the other way around.
My theory is that Friedman knows something is on the horizon and this is his exit strategy to cash out.
Bloomberg News reported that dude's net worth went from $16 billion on Monday to $99 million today.
Don't know what the Binance CEO's angle is.
From what's being reported, all of this started when he got on Twitter and started spreading rumors about FTX being insolvent.
This caused a lot of FTX customers to panic and take their coins off the platform.
Pretty much the crypto version of a run on the bank.
What I don't understand is why he would make a move like that, because it doesn't just hurt FTX...........it hurts the whole crypto industry.
We were just starting to see consistent increases in prices again.
Ethereum was picking up..........Bitcoin.........Polygon.........Solana..........and a few others were on the rise.
But now this happens.
I heard Coinbase is getting more volume now, but it's starting to look more and more like this is just building up to a bigger collapse down the line.
Something's off.
I don't think any of this is happening by accident.
It seems very calculated.
Just a few months ago, it seemed like FTX was the strongest exchange on the market.............and Friedman was throwing hints that Coinbase and Binance might be broke.
FTX bought Block-Fi..........and was in talks to help Voyager and Celsius.
The Block-Fi purchase really surprised me, because.........based on what I know (or thought I knew) about them.........I thought they were bigger than FTX and would be more than likely to buy them.
Not the other way around.
My theory is that Friedman knows something is on the horizon and this is his exit strategy to cash out.
Bloomberg News reported that dude's net worth went from $16 billion on Monday to $99 million today.
Don't know what the Binance CEO's angle is.
From what's being reported, all of this started when he got on Twitter and started spreading rumors about FTX being insolvent.
This caused a lot of FTX customers to panic and take their coins off the platform.
Pretty much the crypto version of a run on the bank.
What I don't understand is why he would make a move like that, because it doesn't just hurt FTX...........it hurts the whole crypto industry.
We were just starting to see consistent increases in prices again.
Ethereum was picking up..........Bitcoin.........Polygon.........Solana..........and a few others were on the rise.
But now this happens.
I heard Coinbase is getting more volume now, but it's starting to look more and more like this is just building up to a bigger collapse down the line.
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