CD81: shitcoin apocalypse, macro environment, self custody all time high, bitcoin fundamentals with @DylanLeClair_ and @_Checkmatey_
Citadel Dispatch
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How Does FTX Manage Their Wallet?
FTX had nothing on their, they owe no Bitcoin. If you look at both of those in May when Luna collapsed, what we saw is I think it was like a 52% drop in their overall exchange balances. So somewhere in there, their exchange balances of BTC and ETH went down 50%. And at the same time, the stable coin balances on FCX increased by about 900 million,. Was that a bunch of coins, customer coins that got sent to somewhere to borrow stables to go and prop up some of these things?
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