Market Analysis
SBF “Glad” John J. Ray Wants to Reopen FTX as FTT Token Soars 30%+
SBF recently took to Twitter to express his enthusiasm for the potential reopening of FTX, and his displeasure at the situation with FTX.US.
BTC$67,096.00+4.77%
ETH$1,841.03+10.70%
USDT$0.9995+0.01%
XRP$1.28+12.79%
USDC$0.9999+0.02%
SOL$75.76+12.14%
TRX$0.3189+0.18%
FIGR_HELOC$1.03+1.85%
HYPE$67.90+12.99%
DOGE$0.0903+4.44%
USDS$0.9997+0.01%
LEO$9.78+0.93%
ZEC$533.38+26.78%
RAIN$0.0136+4.27%
XLM$0.2304+25.64%
BTC$67,096.00+4.77%
ETH$1,841.03+10.70%
USDT$0.9995+0.01%
XRP$1.28+12.79%
USDC$0.9999+0.02%
SOL$75.76+12.14%
TRX$0.3189+0.18%
FIGR_HELOC$1.03+1.85%
HYPE$67.90+12.99%
DOGE$0.0903+4.44%
USDS$0.9997+0.01%
LEO$9.78+0.93%
ZEC$533.38+26.78%
RAIN$0.0136+4.27%
XLM$0.2304+25.64%
FTT surged after an FTX lawyer indicated the exchange could restart operations as early as Q2 2023.
SBF recently took to Twitter to express his enthusiasm for the potential reopening of FTX, and his displeasure at the situation with FTX.US.
The SEC has argued that FTX's native token FTT is a security, leading to speculations about other CEX tokens like Binance's BNB.
SBF liked the idea of relaunching FTX and issuing new FTT tokens, saying it would be "a productive path for parties to explore."
Binance just announced it would not go forward with the FTX acquisition.
Galaxy Digital's stock fell sharply on news of FTT exposure and weak earnings in Q3,