Crypto Is Facing Bank Runs | Weekly Roundup
Supply Shock
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Crypto Ban
CNN's John Defterios talks about the crisis in digital financial services companies. He says they borrowed money from ever body, like, literally from everybody and then couldn't afford to pay it back. They were early on but at the othe day, a, they like any other leverage speculator, except t he theyare leveraged speculators. And when you've borrowed too much, three billion of equity, 18 billion o positions in an 80 val asset world, just too much, right? One ternal average, you can survive, kind o two turns the leverage. Now it's tough. You get to six turns o leverage, you don't need a very big move
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