Thursday November 10, 2022

As I predicted yesterday, the Binance-FTX merger has been terminated.  That said, I think the media and the market were completely unrealistic in their estimations of this merger.  In an effort to gain clicks, many in the media reported that ‘Binance was buying FTX’ and failed to mention this was a non-binding LOI that allowed for due diligence.  The ma…