Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets.
Sam Bankman-Fried's crypto policy ambitions are in jeopardy after he sold FTX to rival exchange Binance.FTX’s Bankman-Fried gets Binance bailout in stunning reversal of fortune
In the wake of a rare blood moon lunar eclipse, FTX CEO Sam Bankman-Fried shocked the crypto universe on Tuesday with an announcement that the exchange he founded had agreed on a “strategic transaction,” which effectively would see his non-U.S. business sold to his global rival Binance.
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