“Who needs Netflix when you are in crypto?”, commented a user on Twitter as the crypto industry attempts to digest the acquisition of cryptocurrency exchange FTX by its rival Binance. The deal, disclosed on Nov 8., has been compared with a “chess move” by some, insinuating that Binance’s strategy intentionally led to the deal. Users on Twitter claimed that “CZ just executed the most gangster play we’ve seen in Crypto, ever, period,” referencing the series of tweets from Binance CEO Changpeng Zhao that triggered the acquistion. CZ just executed ...
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