Binance Agrees to Acquire FTX, Bailing Out its Rival to Plug a Liquidity Hole

Most Read: Bitcoin (BTC) Slumps as FTX and Binance Spat Hits Market Sentiment Digital assets were posting heavy losses in early trading Tuesday on speculation of FTX cryptocurrency exchange insolvency. Rumors intensified this morning following reports that Sam Bankman-Fried’s company has stopped processing withdrawals on the blockchain due to its rapidly weakening balance sheet. Nothing …

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