Solana More Pain And Crypto stocks Tumble

https://www.coindesk.com/business/2022/11/10/crypto-stocks-continue-drop-as-binance-walks-away-from-ftx-deal/

https://blockworks.co/centralized-exchange-blowups-have-limited-impact-on-defi/

FTX deal with Binance likely not going to happen. FTX is under investigation as well as Binance. Even if both parties agreed the government would more then likely intervine. Binance is under a few investigations, with one of them being Binances role in facilitating 8 billion worth of trades in Iran. Iran is under sanctions right now and if Binance is found guilty it could involve legal action agaisnt the worlds number one crypto exchange.
FTX has caused a cascading effect throughout the crypto ecosystem. Their ties to other companies could still see more damage on the way. Crypto stocks have fallen drastically as well.
57 million Solana will unstake in a few hours of this video being posted. This will inevitably cause Solana's price to spiral.

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