Binance

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Binance is big enough to weather this like downturn FTX wasn't. I feel like all the fervor surrounding it was like during the most obscene bull run that we've seen in crypto. And then you're for your competitor to like own a significant portion of that is like, you basically got your pants pulled down, right? They can do, they can make a ridiculous difference to what happened. Yeah. It's like that exposes you to crazy amount of risk too. But Binance has such a stronger foundation just in terms of like collateral and everything.Yeah. So, yeah. Let's talk about this. Like they were they were basically on tilt growing with leverage in every direction

The NIA boys react in real-time to one of the craziest days in crypto history. Play-by-play discussion on FTX collapsing & CZ's 10D chess moves.

Timestamps:

(00:00:00) - Intro + Meme Of The Week
(00:06:50) - FTX Collapse - Play by Play
(00:19:43) - Alameda Blow Up
(00:21:30) - Autism Capital's Tweet
(00:23:21) - Jack's Take on CZ's Move
(00:27:06) - Tech Stocks Collapse
(00:29:54) - Did SBF "Do The Right Thing By Customers?"
(00:34:11) - Binance Estimated Valuation at $300B
(00:39:04) - How Misallocated Were Customer Funds?
(00:43:00) - Revisiting Earlier Predictions On Crypto (2021 vs 2022)
(00:46:39) - "Jail Isn't That Bad" - Martin Shkreli to Do Kwon
(00:47:33) - Big Tech Layoffs
(00:51:06) - Crypto Marketing & BS
(00:54:44) - Has Anything Changed?
(00:59:18) - Crypto Collapse vs Market Collapse

What Is Not Investment Advice?

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