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Collateral Damage From FTX Is Imploding The Crypto Industry!
In the wake of the FTX collapse, other Crypto institutional funds and lending platforms are facing bankruptcy/insolvency! FTX lost a lot of people's money, from regular retail investors to multi billion dollar funds. Now that all the money is gone, all of these huge firms that took out loans are in very hot water. Recently Blockfi filed for bankruptcy and Genesis Global has halted all withdrawals out of their platform. On top of this the US is moving the pieces in place to heavily regulate the crypto industry and implement their CBDC. In this video Connor from Crypto Empire covers the price action of BTC and ETH to map out where prices are headed next and also goes over all of the collateral damage caused by the collapse of FTX.
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Timestamps
0:00 Intro
1:28 BTC Technical Analysis
5:00 Blockfi Filing For Bankruptcy
5:43 Genesis Global In Hot Water
7:30 Digital Dollar Pilot Program
10:01 SBF Puff Pieces
11:51 FTX Hacker Went All In ETH
12:55 Crypto Regulations Moving Forward
14:48 More Puff Peices by MSM
15:45 SBF Getting Extradited
17:39 Closing Summary
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#crypto #bitcoin #ftx
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