Binance is fully acquiring FTX

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022

• #1

Yes you read it right Binance is fully acquiring FTX!

Massive and the most surprising news of crypto history.

CZ: This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

SBF: "We Have Come to an Agreement on a Strategic Transaction With Binance for FTX Com"

After the news markets immediately went up.
BTC up 4%
FTT up 40%

Insane day

Source:

https://twitter.com/x/status/1590012124864348160

https://twitter.com/x/status/1590013613586411520

 

INCC

Elite Member

Jr. Executive VIP

Jr. VIP

Feb 12, 2018

5,076

6,520

• Nov 8, 2022

• #2

Binance will absolutely dominate crypto.

They already are, but still.

 

TomTheCat

Elite Member

Oct 27, 2019

2,372

2,768

• Nov 8, 2022

• #3

In a healthy economy, companies SHOULD fall. This doesn't sound good. Just my opinion.

 

HustleTong

Elite Member

May 30, 2019

13,466

10,661

• Nov 8, 2022

• #4

Boss move. Else, FTT token would end up like LUNA

 

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022
• Thread Starter Thread Starter

• #5

INCC said:

Binance will absolutely dominate crypto.

They already are, but still.

Click to expand...

Agree. BNB is already 20% up btw

 

K

khloros

Regular Member

Aug 16, 2019

223

113

• Nov 8, 2022

• #6

Market cannot handle another token liq crash

 

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022
• Thread Starter Thread Starter

• #7

INCC said:

Binance will absolutely dominate crypto.

They already are, but still.

Click to expand...

Agree. BNB is already 20% up btw

 

rodmarb2b

BANNED

Sep 30, 2015

884

253

• Nov 8, 2022

• #8

Wow!!
Is it amazing?
Is it nice?
Is it bad?
Will we need Binance to save the crypto world?
Will they the entire crypto world?

 

M

MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

Nov 29, 2009

28,936

43,777

• Nov 8, 2022

• #9

hasn't made such an impact on the markets.

BTC just now
24H %
-0.88%
24H Low
$19,250
24H High
$20,889.47

 

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022
• Thread Starter Thread Starter

• #10

MisterF said:

hasn't made such an impact on the markets.

BTC just now
24H %
-0.88%
24H Low
$19,250
24H High
$20,889.47

Click to expand...

This news was published less than 40 minutes ago.

BTC
1h%
+6,25%

 

M

moonshine7000

Elite Member

Mar 4, 2013

4,356

4,006

• Nov 8, 2022

• #11

That is one reason you should have your crypto off the exchange and to a secure cold wallet

 

inf0rthemix

Junior Member

Jun 23, 2019

141

89

• Nov 8, 2022

• #12

FTX is the old Blockfolio app (for the new in crypto here) and until this day there is probably no other app to give you this kind of options to create a multiple portfolios.
In addition you can add API keys from exchanges to track your transactions there, which is also innovative.

Smart move from CZ.

 

S

SewerRatBoy

Banned - Abuse of Staff

Aug 6, 2022

163

190

• Nov 8, 2022

• #13

Not enough to get BTC back to $50K, but cool in the short term

 

Makanake

Regular Member

Mar 6, 2020

326

548

• Nov 8, 2022

• #14

TomTheCat said:

In a healthy economy, companies SHOULD fall. This doesn't sound good. Just my opinion.

Click to expand...

indeed ,dont understand why peeps get excited.Especially when a market is dominated by a single company...

 

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022
• Thread Starter Thread Starter

• #15

inf0rthemix said:

FTX is the old Blockfolio app (for the new in crypto here) and until this day there is probably no other app to give you this kind of options to create a multiple portfolios.
In addition you can add API keys from exchanges to track your transactions there, which is also innovative.

Smart move from CZ.

Click to expand...

CZ is a straight up genius. First he sees FTX is struggling, decides its the perfect time to dump his 2 billion worth of FTX tokens, furthering FTX into the red while they liquidate assets trying to defend FTT price.. Now that FTX is fully over the barrel he politely offers to take it all off of SBF's hands.

CZ just gave us a masterclass in business tactics.

 

Salamouna

Elite Member

Jr. VIP

Aug 28, 2014

11,811

8,685

• Nov 8, 2022

• #16

Voyager sold to FTX. FTX sold to Binance. Binance is now a monoply. This isn’t decentralized anymore.

 

Cypherpunk Zero #4027

Regular Member

Aug 28, 2022

230

103

• Nov 8, 2022

• #17

This was a killshot by CZ

 

ADA Lovelace

Regular Member

Jan 24, 2021

466

381

• Nov 8, 2022

• #18

Crypto Marketing said:

After the news markets immediately went up.
BTC up 4%
FTT up 40%

Insane day

Click to expand...

I hope it helps you as experience about where you are

 

Crypto Marketing

Regular Member

Sep 16, 2022

448

335

• Nov 8, 2022
• Thread Starter Thread Starter

• #19

ADA Lovelace said:

I hope it helps you as experience about where you are

Click to expand...

Don't worry I know where I am. It's still fascinating what influence they have on the market.

 

J

jasonforrest

Regular Member

Jun 30, 2014

434

143

• Nov 8, 2022

• #20

HustleTong said:

Boss move. Else, FTT token would end up like LUNA

Click to expand...

It is heading towards a LUNA situation.

Everyone, try to remember who ever told you, suggested, convinced you into buying shit like FTT, Luna, CEL, and why... they were basically all ponzi's.

Buy Bitcoin and HODL. That is the only consistently great thing in the long term.