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Mixed Signals in the Market 11/8/22

Halftime Report

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Sam Bankman Freed's FTX - What's the Real Takeaway?

Binance is looking to buy FTX.com, so that's the international side of Sam Bankman Freed's crypto empire separate from FTX US. The deal hasn't closed and Binance's CEO is saying they still need to do some due diligence. He says this was sparked by a liquidity crunch though at FTX which you could also argue in part was sparked by the Binance CEO and his recent tweets. It came right after another report from CoinDesk, called into question Alameda Research's balance sheet.

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