The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.

Originally posted Wednesday, 9 November 2022
Is This Crypto’s Lehman Moment?

Indeed, the sale of FTX to Binance may turn out to be the most gripping crypto narrative of the year — a “Succession”-level drama involving rival billionaires, rumors of sabotage and high-stakes battles over the future of the industry. It’s a stunning, sudden fall from grace for one of the crypto world’s biggest celebrities. And it signals that the industry, already reeling from a brutal year of losses, may be in for even tougher times.