Buy Crypto- Markets
Futures- Spot
- Copy Trade
- Earn
- More
CZ: Never seriously considered acquiring FTX, not very interested in helping SBF
According to CoinDesk, Binance founder CZ stated in his autobiography "Freedom of Money" that during a phone call before Binance attempted to acquire FTX in November 2022, Sam Bankman-Fried "casually asked him for tens of billions of dollars, as if ordering a bologna sandwich," and he never intended to actually push through with the deal from the start.
CZ wrote: "I had no interest in owning FTX, and I wasn't particularly interested in helping SBF either. But we might have to step in to protect users and the entire industry." He noted that he signed the non-binding letter of intent (LOI) just for formality: "I had made it clear at the time that we would not make any commitments. Our team was just evaluating the data before deciding."
Regarding the collapse of FTX, CZ believes the key turning point was when former Alameda CEO Caroline Ellison publicly proposed to buy back the FTT held by Binance at a price of $22 (attempting to stabilize the market), which she made a "fatal mistake." "She effectively exposed the price floor," CZ wrote. Subsequently, professional traders quickly shorted FTT below that price. Within just 72 hours, about $6 billion flowed out of FTX.
CZ also revealed a Signal group called "Exchange Collaboration," which was created by former FTX institutional sales head Zane Tackett during the collapse of Terra (LUNA) that year, with members including CZ, SBF, Brian Armstrong (Coinbase CEO), Jesse Powell (founder of Kraken), and other exchange executives. The group later attracted the attention of investigations by the U.S. Department of Justice and the Securities and Exchange Commission. "They were very eager to find evidence of collusion or market manipulation between exchanges, but in fact, there was none," CZ stated.
You may also like
US-Iran Ceasefire: A Temporary Pause or Prelude to Renewed Conflict? Market Outlook for Oil, Gold, and Bitcoin
April 8, 2026 – A temporary ceasefire between the U.S. and Iran has provided some immediate relief to the global markets, but the fundamental question remains: Will the cessation of hostilities hold, or is this merely a brief reprieve before a resumption of conflict? As the situation unfolds, market observers are closely monitoring how key assets like oil, gold, and Bitcoin will react in the coming weeks. This article explores whether the ceasefire is a sign of lasting peace, assesses the short-term market implications, and delves into the evolving role of Bitcoin in the global financial landscape.
WEEX Market Update: U.S.-Iran Ceasefire Sparks Bitcoin Price Surge
April 8, 2026 – In a significant shift in global geopolitics, U.S. President Donald Trump has announced a temporary two-week ceasefire with Iran, resulting in a notable market reaction across various asset classes. This development comes after discussions between Trump, Pakistani Prime Minister Shahbaz Sharif, and Army Chief General Asim Munir. The announcement is already reverberating through markets, particularly in oil, gold, and cryptocurrencies.
Morning Report | South Korean financial institutions pilot stablecoin payments for foreign users; Morgan Stanley Bitcoin ETF is about to be listed; CME plans to launch AVAX and SUI futures contracts
EigenCloud Founder: AI and Cryptocurrency are Creating the Next Trillion-Dollar Asset Class
From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
OpenAI has no "New Deal," a blueprint for AI that refuses to pay.
Wall Street Flash Mob Run? Mega-Cap Stock Plunge, Goldman's Great Escape, Illustrated Guide to Private Credit Crisis
OpenAI Feud: Power, Trust, and the Uncontrollable Boundaries of AGI
「AI Doomsday Cult」 Sends Operatives into the Strait of Hormuz: What Did They Find?
Everyone is waiting for the war to end, but is the oil price signaling a prolonged conflict?
Data Analysis: How Wide is the Liquidity Gap Between Hyperliquid and CME Crude Oil?
After a 40% Reduction in Staff, Twitter's Founder to Give Away $1 Million in Bitcoin
Trade.xyz: Pricing the World? On-Chain Markets Are Becoming the Market
XXYY Trade Skill: 24/7 Algorithmic Trading AI Trader | Project Introduction
DeFi's top protocol Aave's security team exits, who will weather the next black swan event in the bear market?
Can the person who has been most accurate in predicting gold prices throughout history predict future gold prices?
Quantum Computing Won't Kill Bitcoin, But the Real Risk Is Approaching
US-Iran Ceasefire: A Temporary Pause or Prelude to Renewed Conflict? Market Outlook for Oil, Gold, and Bitcoin
April 8, 2026 – A temporary ceasefire between the U.S. and Iran has provided some immediate relief to the global markets, but the fundamental question remains: Will the cessation of hostilities hold, or is this merely a brief reprieve before a resumption of conflict? As the situation unfolds, market observers are closely monitoring how key assets like oil, gold, and Bitcoin will react in the coming weeks. This article explores whether the ceasefire is a sign of lasting peace, assesses the short-term market implications, and delves into the evolving role of Bitcoin in the global financial landscape.
WEEX Market Update: U.S.-Iran Ceasefire Sparks Bitcoin Price Surge
April 8, 2026 – In a significant shift in global geopolitics, U.S. President Donald Trump has announced a temporary two-week ceasefire with Iran, resulting in a notable market reaction across various asset classes. This development comes after discussions between Trump, Pakistani Prime Minister Shahbaz Sharif, and Army Chief General Asim Munir. The announcement is already reverberating through markets, particularly in oil, gold, and cryptocurrencies.
Morning Report | South Korean financial institutions pilot stablecoin payments for foreign users; Morgan Stanley Bitcoin ETF is about to be listed; CME plans to launch AVAX and SUI futures contracts
EigenCloud Founder: AI and Cryptocurrency are Creating the Next Trillion-Dollar Asset Class
From Panic to Pumps: How Bitcoin Traders Are Playing the 2-Week US-Iran Ceasefire
For most people, the two-week US-Iran ceasefire is about geopolitics, oil prices, and whether World War III gets postponed. But for crypto traders glued to their screens late Sunday night, it was something else entirely: the clearest risk-on signal in months.
US-Iran Ceasefire Triggers Oil Plunge, Bitcoin Surge, and Gold Rally
Despite the sharp rally, caution is warranted. The $70,000–$72,000 zone has historically been strong resistance. The ceasefire is only temporary (two weeks), and any breakdown in negotiations could trigger a sell-off toward the $62,000–$65,000 support zone. For now, Bitcoin needs to close decisively above $72,500 to confirm a true breakout; failure to do so within 48–72 hours could lead to a swift retracement.
App