Binance and CZ really managed to bring down the whole crypto market with their antics. First they announce the sell-off of FTT token which they have a huge bag of. Of course this makes the whole market nervous if a multi-million Dollar sell off of one of the biggest crypto companies is announced. Then after that news brought down the price Binance announces that they want to acquire FTX. Now it seems like this would not happen because of legal issues.
So what we are now having is a huge dump in all crypto prices caused by a speculation of Binance that apparently did not even work out for them. Well done CZ and Binance. It will take a while to recover from that, even USDT is looking shaky at the moment.