Bitcoin24h $113,273.03-0.16%

Ethereum24h $4,271.17+1.33%

XRP24h $2.90+0.34%

BNB24h $850.48+2.64%

Solana24h $184.89+1.89%

TRON24h $0.3522+1.34%

Dogecoin24h $0.2171+1.58%

Cardano24h $0.8655+0.68%

Chainlink24h $25.67+0.97%

Hyperliquid24h $41.60-0.05%

BREAKING: Binance will acquire FTX to help with ‘liquidity crunch’

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

FTX halts ERC-20, Solana, and Tron withdrawals

FTX has stopped processing withdrawals of ERC-20 tokens, Solana, and Tron. This comes after Binance began liquidating FTX token.

On-chain researchers suggest FTX may be pulling assets from Solana’s Wormhole protocol to make sure it can cover liquidity needs.

Ambitious crypto firms like FTX and crypto.com are keen to sponsor sporting venues but could risk falling victim to the naming rights curse.

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.