Just when we thought it was in recovery mode, the crypto market took another downward dive overnight in the aftermath of comments made by crypto billionaire Sam Bankman-Fried, who warned about ?real crash potential? as a ?substantial fraction of cryptocurrencies are ?empty products.
Bitcoin, Ethereum and Binance Coin are each down more than 3% over the last 24-hours.
Yet another crypto exchange platform has been hit by connection to now collapsed Three Arrows Capital. Despite announcing it ?remains liquid, solvent and its customers won?t be impacted by the loans to Three Arrows Capital?, Blockchain.com faces a hit of US$270m on loan to the now collapsed crypto hedge fund.
And trading volume surged on Binance to end last week after the world?s largest crypto exchange by trading volume launched its new zero trading fee policy.
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