3min chapter

Let's Appreciate cover image

FTX, Inflation, and Things That Keep Happening

Let's Appreciate

CHAPTER

The Impact of Cooling Rents on FTX

Kylo: CPI came in soft today, headline inflation at 7.7% year-over-year versus 7.9% expected. FTX seemed to have reached an agreement with Tron to establish a facility to allow holders of Tron, et cetera, to swap assets from FTX to external wallets. Sam Bigman Reed is out here trying to get $10 billion to close this massive hole in their balance sheet. Kylo: Nobody really knows how they're going to survive.

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