Do you think this deal will be positive for the crypto? Don't you think 400 Million is too much for the CMC?
Not that much effect IMO. But with this news, many would likely fall for hype, we knew everyone who attached themselves with news. The price could be big but the amount CZ releasing isnt a burden for them. He is wise, and smart, every penny he spend on something worth 10x in return.
I personally think Binance purchasing CMC is a bad idea. Binance is worth billions and it's literally turning into a multinational-like business.
Not just bad idea, but could be worse, how, once he control a tool for this, he can now drive projects which he want to support and destroy in terms of volume manipulations. And lets get real here, CMC has a powerful ads everywhere. CZ is scary, he could be the next big thing with his ways.