{"id":36368,"date":"2023-01-09T09:40:43","date_gmt":"2023-01-09T09:40:43","guid":{"rendered":"https:\/\/lydian.io\/?p=36368"},"modified":"2023-01-09T09:40:43","modified_gmt":"2023-01-09T09:40:43","slug":"ftx-token-bnb-and-solana-surge-after-binance-ceo-signs-potential-deal-to-acquire-ftx","status":"publish","type":"post","link":"https:\/\/lydian.io\/ftx-token-bnb-and-solana-surge-after-binance-ceo-signs-potential-deal-to-acquire-ftx\/","title":{"rendered":"FTX Token, BNB and Solana surge after Binance CEO signs potential deal to acquire FTX","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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FTX Token (FTT) and Solanas SOL (SOL) endured a tricky buying and selling weekend, with altcoins posting double-digit losses within the 15% to 30% vary, however the tide turned on information that Binance could be within the means of buying FTX.<\/p>\n
On Nov. 8, FTX CEO Sam Bankman-Fried first took to Twitter to announce a liquidity sharing partnership with Binance. Binance CEO Changpeng \u201cCZ\u201d Zhao agreed to step in and supply liquidity for a run on the banks. Bankman-Fried described the event as user-oriented and worthwhile for your entire trade.<\/p>\n
1) Hello everybody: I've some bulletins to make.<\/p>\n
The circle closes, and https:\/\/t.co\/DWPootRHcX<\/a>The primary and final traders are the identical: now we have agreed on a strategic transaction with Binance https:\/\/t.co\/DWPootRHcX<\/a> (pending DD and so on.).<\/p>\n \u2014 SBF (@SBF_FTX) November 8, 2022<\/a><\/p>\n CZ additionally confirmed that Binance would step in to assist FTX with its liquidity disaster, with the CEO tweeting a letter of intent to purchase FTX. <\/p>\n This afternoon FTX requested for our assist. There's a important liquidity disaster. To guard customers, now we have signed a non-binding LOI intending to accumulate in full https:\/\/t.co\/BGtFlCmLXB<\/a> and assist to cowl the liquidity disaster. We will probably be doing a full DD within the coming days.<\/p>\n