Binance as always. It's not yet time for them to be down to number 2. I mean, look at CZ controlling the stage, just a mere tweet about selling all the FTT made the market react in an unexpected manner. A lot of investors thought that Bitcoin and altcoins will be stagnant until next year and yet it moved crazy by just a single tweet. 
That's the power of being in the top of all the exchange.
That's the power of being in the top of all the exchange.
I'm not sure if he himself believed that these tweets would trigger such a big avalanche. It resonated so strongly that FTX had an abnormal outflow of capital, all projects went downhill... and now they are facing bankruptcy. At first, CZ offered to help, but as far as we can see, he has now changed course:
Quote
Binance is backing out of its plans to acquire FTX, the company said Wednesday.
“The issues are beyond our control or ability to help,” Binance said in a tweet.
FTX, which was valued at $32 billion earlier this year, is now in jeopardy of collapsing.
“The issues are beyond our control or ability to help,” Binance said in a tweet.
FTX, which was valued at $32 billion earlier this year, is now in jeopardy of collapsing.
We will see in the next few days whether CZ is just playing and wants to buy all that even cheaper or he will let them down the drain. It really looks like that CZ controls the stage and he is playing the "mouse & cat" game.
