FTX Sues Binance and Zhao for $1.8 Billion, Citing Questionable Deal and Misleading Tweets

FTX’s managers are suing Binance for $1.8 billion over a 2021 deal where Binance sold its stake in FTX. They allege Binance was aware of FTX’s financial issues, making the transaction potentially fraudulent.

Zhao’s public statements prior to FTX’s collapse are also under investigation.

Analysis of the Crypto Market:

⏺Bitcoin has surged to near $90,000, while Ethereum trades at $3,400, showcasing strong performance for leading digital currencies.

⏺This market movement led to over 172,000 liquidations, with trader losses totaling $679 million.

⏺The total crypto market cap has surpassed $3 trillion, representing a 33% increase over the last week, or about $750 billion.

⏺Bitcoin’s market cap has returned to its peak from November 2021, reinforcing its status in the crypto market.

Unprecedented Bitcoin ETF Performance from BlackRock!

BlackRock’s Bitcoin ETF has set a new industry benchmark with a trading volume surpassing $1 billion within 25 minutes of the U.S. session opening.

Despite this significant trading activity, Bitcoin’s price remains virtually unchanged, which may signal a market stabilization or a strategic holding approach among investors.

Congratulations Donald Trump as the 47th president of the United States of America ❤️✅
#snipverse #cryptoworld #web3

Democrats made a serious mistakes by bringing Kamala Harris to run election. She is a very bad candidate though they are trying to rig the election in favour of her but won't work