Bitcoin24h $63,082.80+0.27%

Ethereum24h $1,703.36-0.20%

BNB24h $580.64+0.25%

XRP24h $1.13-1.32%

Solana24h $69.09-0.75%

TRON24h $0.3230+0.93%

Hyperliquid24h $69.99+2.87%

Dogecoin24h $0.0831-0.32%

UNUS SED LEO24h $9.58-0.12%

Zcash24h $451.10-0.73%

CZ on brink of second bailout for crypto

Changpeng Zhao has announced that Binance Labs will be launching an industry recovery fund to stem the damage of the FTX collapse.

Solana is dying and it can’t find a buyer

Solana is down by 50% since Saturday and one million Solana tokens look set to be unstaked and dumped on the market any moment now.

According to trading platform Polymarkets, the question of whether Binance will get its FTX buyout over the line is almost too close to call.

CZ and Sam Bankman-Fried have just announced that Binance will acquire FTX in order to help with a ‘liquidity crunch.’

As relations between Binance and FTX, two of the crypto space’s biggest players continue to deteriorate, we look at how things got this bad.