Battle of Crypto Titans Ends: Binance Acquires FTX

From decrypt.co

Binance CEO Changpeng Zhao announced that the crypto exchange has tentatively agreed to acquire competitor Sam Bankman-Fried's FTX for an undisclosed amount. "There is a lot to cover and will take some time. This is a highly dynamic situation, and we are assessing the situation in real time," Zhao wrote on Twitter Tuesday morning. "Binance has the discretion to pull out from the deal at any time. We expect FTT to be highly volatile in the coming days as things develop." The FTT token, which had slumped as low as $14.57 on Tuesday morning on rumors that FTX had suspended withdrawals, rebounded to $19.86 on the news, ... (full story)