FTX vs Binance: An Interesting Twist Of Events
The day started with gloomy news of FTX purportedly halting withdrawals, with on-chain data showing that the last outgoing transaction from FTX taking place at 6:37 am ET on Ethereum. Withdrawals on Solana and Tron seem to have stopped as well. FTT was dumping hard to its all-time lows, moving the entire crypto market down to its knees.
However amidst this crypto bloodbath, the FTX fiasco has just taken an interesting turn of events when Binance announced that it will be acquiring FTX!
The market immediately responded positively, with FTT surging from $14 to $19, and BNB from $323 to $385 reclaiming its spot on the top 3 cryptocurrency charts!
