What's next for crypto as FTX collapse triggers 'Lehman moment'? | CNN Business

There are still many unanswered questions. But two big ones loom: How far will the damage spread? And can the beaten-down crypto industry bounce back? Industry insiders are debating whether to call the implosion of FTX, which filed for bankruptcy on Friday, a “Lehman moment,” referring to the 2008 collapse of the investment bank that sent shockwaves around the world. Many think it’s an apt comparison.

The price of the Solana digital coin has also been battered thanks to reports that Bankman-Fried’s trading firm, Alameda Research, had sizable holdings. The Tether stablecoin, which is supposed to be a safe place to park cash, recently broke its one-to-one peg to the US dollar. And crypto lending platform BlockFi said Thursday that it was pausing customer withdrawals. Traditional investors have also been burned, though they’re reassuring clients they can handle the fallout.

Always trying to screw someone who’s trying to make a living can’t help being naturally smart

Which religion adopted crypto (tokens) to enter the Pearly Gates? Ponzi schemes: the art and magic of getting others to make “any” mystic belief real and true. Your tokens (treasure) become their tokens. Religion is Crypto. Keep belief and knowledge separated.

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FTX collapse: The crypto industry’s Lehman Brothers momentWhile a collapse on the scale of FTX is shocking for the crypto industry, it does have a precedent. What troubling parallels does it have with the 2008 Lehman Brothers collapse and can anything be done? “Can anything be done” bruh just use Chainlink No Lehman bro such event will occur when binance will tumble , and you should look into this … Back to McDonald’s for anyone with crypto in their name
Fonte: Cointelegraph - 🏆 562. / 51 Consulte Mais informação »

FTX's U.S. business is in troubleFTX US is separate from FTX, but its fate is likely to be equal.
Fonte: axios - 🏆 302. / 63 Consulte Mais informação »