Largest Show on X (Live Daily 10am-8pm ET) | 24x7 Writers Covering News | Investor 700+ Startups | Founder @ibcgroupio , t.co/sw7OQ5KOqu
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Why it's watchedScammer, shills meme coins then deletes the posts, promotes extremist propaganda and lies
🚨 WSJ now reporting that FTX used customer funds to play risky bets... and how billions were lent to Alameda. t.co/MZDmfUGZRR
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🚨SBF out with a staff memo this morning addressing the raise and stating that he now believes Binance never intended to go through with the deal. - Reuters t.co/nXYN8JxGmL
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Some thoughts:
1. CZ should have walked out of the deal without saying FTX is "beyond our control or ability to help", which only made things worse
2. I'be very surprised if no bailout of FTX takes place. We're talking about $8bn, not $80bn or $800bn.
3. 👇🧵
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CZ’s attack on FTX was further made possible thanks to the current bear market. After months of large firms becoming insolvent, crypto participants are mentally exhausted.
Therefore, it takes so little to stoke a flame.
Which means the bottom may be finally setting in.
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Solana could hit $3-$4 if it breaks the $8 support, based on the unlocks or about 50m Solana in a few hours - @kantormusic
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FYI, I made a few tweets earlier during the show reporting issues either from our team or speakers on stage facing withdrawal issues
It seems most of these issues have been resolved
Things change by the minute, so don't freak out when you read a tweet over 30 mins ago 😂
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