Read in the Digest:
Binance pulls out of FTX deal, Justin Sun announces potential partnership
Authorities open probes into FTX’s collapse, crypto execs call for clearer guidelines
Venture capitalist firm, Sequoia, marks down its entire FTX investment to $0
Solana ecosystem shakes SOL worth $900 million, prepares to be unlocked
DeFi TVL feels the brunt of FTX’s liquidity crunch, TVL falls to 20-month low
Binance pulls out of FTX deal, Justin Sun announces potential partnership
Sam Bankman-Fried’s crypto exchange, FTX, fell into one of the biggest liquidity crunches after Binance’s CEO, Changpeng Zhao announced that his company was going to sell all its FTX Tokens (FTT), worth $529 million.
Binance proceeded to propose a deal to acquire FTX after the exchange imploded. However, on Wednesday, CZ announced that Binance will no longer follow through with the deal as FTX’s issues were beyond their ability to help.
However, just hours after the Binance boss called of
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