FUD and Loathing in the Crypto Casino
There are similarities between FTX and Binance, not to mention past connections between the two, the big question is to what extent Binance is using their BNB token as collateral and how long can they continue to defend it's value at these levels?
It's amazing how simple block chain ledgers are. They self curate, have no overhead and need no intervention. Yet for some reason there is almost always a ponzi scheme involved when a fiat portal is added. Even with complete control of the futures markets, they inevitably end up going to zero in a currency designed to operate in the positives.
It's my belief that people involved are intentionally acting to create these losses. As by default, by it's very nature, In a system where they can win without taking any risks, it seems impossible to fail on these levels.
Simply facilitate a trade, take a percentage or flat fee, and then do nothing. This isn't rocket science.