• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

2023-03-20

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

2023-03-20

Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

2023-03-20
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

    2023-03-20

    Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

    2023-03-20

    Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch

    2023-03-19

    Don’t Gamble on Balaji’s Bitcoin At $1 Million Bet, Here’s Why

    2023-03-19

    Why US Fed FOMC Meet Is Likely To Trigger $30K

    2023-03-18
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    How NFTs are used in the UAE

    2023-03-17

    CryptoPunks Non Fungible Tokens Collapse

    2023-03-17

    How NTFs are Reinventing the Digital Economy

    2023-03-17

    Coinbase NFT Launches Creator Hub To Drive Web3 Innovation

    2023-03-17

    Doodles ‘no longer an NFT project,’ Playboy bares all on NFT earnings and more

    2023-03-17
  • Metaverse

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13

    Nissan files 4 new web3 trademarks, trials sales in the metaverse

    2023-03-13

    South Korea launches ‘Metaverse Fund’ to expedite domestic initiatives

    2023-03-12
  • Analysis

    Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

    2023-03-20

    Trader Who Nailed Bitcoin 2022 Bottom Says BTC One Resistance Away From New All-Time High – Here’s His Outlook

    2023-03-20

    Microsoft Working on New Ethereum Wallet Amid Foray Into Crypto and NFTs: Report

    2023-03-19

    Four Altcoins Erupt 103% or More in Seven Days As Crypto Markets Awaken

    2023-03-19

    Coinbase May Launch Overseas Trading Platform Amid Domestic Crypto Crackdown: Report

    2023-03-18
  • Learn

    Top 10 Best Ethereum Wallets 2023

    2023-03-18

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15

    What is it & List of Top defi 2.0 Projects

    2023-03-13
  • Market Cap
The Crypto News Insider
Home»Bitcoin»FTX Has a Few Billions to Support Struggling Crypto Projects, The Worst of Liquidity Crunch Possibly Over, Says SBF
Bitcoin

FTX Has a Few Billions to Support Struggling Crypto Projects, The Worst of Liquidity Crunch Possibly Over, Says SBF

2022-07-06Updated:2022-07-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Abstract:

  • Sam Bankman-Fried has acknowledged that FTX has a couple of billion to help struggling crypto corporations.
  • He additionally believes that the worst of the liquidity disaster in crypto might need handed.

FTX’s founder and CEO, Sam Bankman-Fried, has stated in an interview that the crypto change has a couple of billion put aside to help struggling crypto corporations which have the potential of destabilizing the digital asset trade. As well as, Mr. Bankman-Fried believes that the worst of the crypto liquidity crunch is probably going over.

He added that the crypto change has seen extra crypto firms attain out through the present making an attempt instances. He stated:

We’re beginning to get a couple of extra firms reaching out to us…Having belief with customers that issues will work as marketed is extremely necessary and if damaged is extremely laborious to get again…If all that mattered was one single occasion, we may get above a pair billion

What We’ve Seen So Far Is likely to be Wholesome. It Has Flushed Out A few of the Leverage.

Throughout the interview, Mr. Bankman-Fried was requested what he thought concerning the ongoing crypto drawdown results on crypto initiatives. He replied that it is likely to be considerably wholesome in that it flushes out a few of the leverage within the trade. He stated:

I believe what we’ve seen to date is likely to be wholesome. You understand to the extent that what it’s doing is flushing out a few of the leverage that needed to get flushed out. Flushing out a few of the gamers that simply weren’t capitalized properly sufficient you recognize. I believe that might in the end find yourself being reasonably wholesome for markets.

FTX Rumored to Be Eyeing Robinhood.

Sam Bankman-Fried’s feedback on FTX’s money holdings and the opportunity of bailing out extra crypto initiatives come after the change, and Alameda Analysis lent a monetary serving to hand within the type of loans to Voyager Digital and BlockFi.

See also  Bitcoin Rally in Sight As BTC Flashes ‘Textbook’ Bullish Reversal Pattern, According to Top Crypto Strategist

There have been additionally rumors of FTX buying the favored buying and selling utility Robinhood. Nevertheless, Mr. Bankman-Fried identified that it is likely to be too early to conclude a deal had been made. He stated:

I don’t assume you rule something out…There is no such thing as a form of energetic discussions…you recognize round an M&A or something like that. It was primarily extra of a…you recognize funding and you recognize once more…all the time excited to speak to them about potential partnership alternatives.

 



Source link

Billions Crunch Crypto FTX liquidity Possibly Projects SBF struggling Support Worst
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

2023-03-20

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

2023-03-20

Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

2023-03-20

Microsoft Working on New Ethereum Wallet Amid Foray Into Crypto and NFTs: Report

2023-03-19
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Here’s How Crypto Traders are Converting Worthless NFTs into Tax Breaks

2023-01-01

Metaverse project avoids Web3 frenzy to redefine AAA digital landscape

2022-09-12

Chiliz Price Riding High On Whales Efforts? Will This Rally Sustain

2022-08-26

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Top Ethereum Rival Could Be Gearing Up for Glorious Move, Says Investor Who Called 2022 Crypto Bottom

2023-03-20

Just-In: Bitcoin Ready To Hit $1 Million; Arthur Hayes Bullish Over This Reason

2023-03-20

Is Bitcoin the Saviour In Current Banking Crisis? Bull Run Coming

2023-03-20
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,389.004.30%
  • ethereumEthereum(ETH)$1,792.930.24%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.01-0.02%
  • binancecoinBNB(BNB)$340.070.70%
  • usd-coinUSD Coin(USDC)$1.000.01%
  • rippleXRP(XRP)$0.3853930.04%
  • cardanoCardano(ADA)$0.3469330.80%
  • matic-networkPolygon(MATIC)$1.16-2.86%
  • staked-etherLido Staked Ether(STETH)$1,787.460.18%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}