![]() ĭavid Hollerith is a senior reporter at Yahoo Finance covering the cryptocurrency and stock markets. Binance shall not be liable to you in any way, for. ![]() On the four-hour time frame, if we were to give a FTX Token price prediction, it would be bearish considering the way the 50 day and 200 day moving averages are bearish. Binance chief executive Changpeng CZ Zhao wrote on Twitter that FTX had asked for our help, adding: There is a significant liquidity crunch. This post has been updated with new details.īrian Sozzi is an editor-at-large and anchor at Yahoo Finance. FTX Token’s 200 day moving average is sloping down and has been doing so since which means the trend is weak. "I know that there have been rumors in media of conflict between our two exchanges, however Binance has shown time and again that they are committed to a more decentralized global economy while working to improve industry relations with regulators," SBF added in his announcement. While CZ and SBF traded accusations over Twitter now they seem to have made an agreement in an attempt to placate the entire crypto ecosystem. Binance is a better fit for people familiar with cryptocurrency lingo and investing options. Photo: Zed Jameson/Bloomberg News Jeenah Moon/Bloomberg News. Binance’s platform is easy to use, but the sheer number of choices can be overwhelming to a new user. ![]() “It was totally rational that people questioned assets,” Ki Young Ju, CEO of CryptoQuant, a South Korean crypto analytics platform that tracks crypto investment flows, told Yahoo Finance.īased on data collected by Ju's team, FTX's net crypto assets plummeted by 83% over the past two days since Zhao's tweet. A public feud has erupted between Changpeng Zhao of Binance, at left, and Sam Bankman-Fried of FTX. Zhao later cited a Coindesk report from last week, which found based off documents seen by Coindesk, Alameda Research held at least $3.6 billion in “unlocked FTT” tokens at the end of Q2.īetween Sunday and Tuesday morning, investor panic fueled selling in FTX’s exchange token, which has fallen by 26.8% from $23.6 to $17.2 and contributed to the sell off of crypto's total market cap by 7% from $1.05 trillion to $979 billion for the same period according to CoinMarketCap. The bulk of selling took place after Zhao tweeted on Sunday that Binance planned to liquidate all its holdings of FTT over the next several months based on “recent revelations.” The public tensions between CZ and SBF arose surrounding FTT, the token issued by crypto exchange FTX. Changpeng Zhao, founder and chief executive. (Photo by Craig Barritt/Getty Images for CARE For Special Children) (Craig Barritt via Getty Images) How the public spat began Binance, the world’s largest cryptocurrency exchange, said it had reached a deal to buy FTX, amid fears the industry could enter another meltdown. Sam Bankman-Fried speaks onstage during the first annual Moonlight Gala benefitting CARE (Children With Special Needs) on Jin New York City.
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