1# When you think it is the end of bad news, new news comes up to shake everything once again. Binance announced that Solana network-based USDC and USDT deposits are suspended. So you cannot deposit USDC and USDT if you have that on Solana. The effect of FTX collapse is way more than you think. Maybe it will bring the BTC price all-time low. FTX CEO Sam Bankman-Fried was an early investor in Solana. FTX invested in many projects in the Solana blockchain. Since there are close ties with FTX and Alameda Research, with the ongoing crisis, Solana is affected negatively. SOL price dropped a lot and it is trading around $13.63.
3 comments
Ftx crush means the crypto is dying
FTX is not crypto. It crashes the crypto market, but crypto will move forward.
Bro whatever from my side crypto is big scam