Fools On The Block

Binance ditched FTX bailout plan. Is this trouble for the Crypto market?


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Binance is walking away from its deal to acquire FTX. It seems like they are not planning to bail them out of their liquidity crisis. Binance cited allegations of the mishandling of consumer funds and an investigation from regulators as reasons for exiting the agreement.

More updates in the NFT and metaverse space this week too. 

In today's updates:

  • FTX liquidity crisis
  • Solana's liquidations and the crypto market
  • Do Kwon faces $79.8m lawsuit in Singapore 
  • Meta's metaverse led to the cuts of 11,000 jobs
  • Gym owners bring NFT memberships to wellness clubs
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    Fools On The BlockBy Two Sleepy Heads