Binance CEO Says It Had First Pick Over FTX in Recent Crypto Deals - Aliens: AI Crypto News & Markets Updates
Logo
Logo

Feed

Coins

About

Latest

Bitcoin

Ethereum

NFT

Gaming

Policy

Blockchain

Altcoins

Binance CEO Says It Had First Pick Over FTX in Recent Crypto Deals

PublisherPublisher
Blockworks

Fri, Jul 01, 2022

Banner

Aliens TLDR

Binance and FTX are actively looking to support struggling crypto companies Conversations around acquisitions turned mainstream after FTX started talks to acquire crypto lender BlockFi for $25 million The bear market has led to a series of fire sales.

Binance CEO Changpeng Zhao now says the exchange likely had first pick over its competitor FTX, which is in talks to acquire crypto lender BlockFi for just $25 million.

“I’m pretty confident that we have by far the largest cash reserve right now.” Although Zhao saw the importance of lending a hand to struggling crypto companies, he emphasized that “not all projects are worth saving.” “We don’t want to bail out companies that are mismanaged,” he said.

“We [should] all do what we can.” Some in the industry believe Zhao and FTX CEO Sam Bankman-Fried are working together to support key parts of the crypto industry that are under threat as the liquidity crunch unfolds.

“We want to get to around 8,000 people by the end of the year,” Zhao said.

Read full article on Aliens appRead from Original Source

The best experience is on the app

Everything happening in the crypto world, in real time

app

Recommended Stories

Article list item background

Litecoin falls beneath a bullish order block, could $40 be next target

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Just a week ago, Litecoin [LTC] rallied to the $61 level but faced rejection there. This was a bearish development, especially for long-term investors. The market structure continued to remain bearish, and […]
AMB Crypto
·

Jul 3

Altcoin

Recommended Stories

Article

AAVE traders have this in store for coming days after bearish pennant’s…

Article

Assessing the odds of The Sandbox [SAND] falling below $1 mark

Article

Axie Infinity: Risk would be to buy range lows with a stop-loss at…

Article

Stellar: Factors that didn’t play in favor of XLM’s rally despite…

Article

Bitcoin, Ethereum and Altcoins Present Signs of Incoming Price Turnaround; Here’s When

Article

BTC, SOL and AVAX Price Analysis for July 2

Article

3 Reasons Why Bitcoin Might Retrace in Upcoming Week and Reach $22,000

The best experience is on the app

Download app to discover exclusive content, live market updates and more.

Get smarter and richer with the Aliens Crypto Digest

Stay informed and entertained, for free.

Follow Aliens

Advertise