Part 1: Recap & Analysis on Binance Acquires FTX

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On Part 1 of this two-part series, Ryan and David recap everything that happened leading up to today, what’s unfolded thus far, what happens next, and what it means for the crypto space writ large. 

On Part 2, Ryan and David are joined by Brian Armstrong, Erik Voorhees, & Ryan Selkis. 

Part 2 is out now! Check your feed.

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RESOURCES

• SBF Announcement

  

  SBF @SBF_FTX

  1) Hey all: I have a few announcements to make.

  Things have come full circle, and FTX.com’s first, and last, investors are the same: we have come to an agreement on a strategic transaction with Binance for FTX.com (pending DD etc.).

  4:03 PM ∙ Nov 8, 2022

  ---

  24,481Likes7,741Retweets

• CZ Announcement

  

  CZ 🔶 Binance @cz_binance

  This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

  4:09 PM ∙ Nov 8, 2022

  ---

  71,173Likes20,361Retweets

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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