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A tentative crypto deal looks increasingly shaky

The tentative deal announced via tweet between two crypto exchange giants FTX.com and Binance, looks increasingly shaky just 24 hours later.

Driving the news: Details around the letter-of-intent agreement are sparse to nonexistent, with Binance boss CZ repeatedly declaring his right to pull out at any time. FTX's native token, FTT, is still cratering Wednesday, despite CZ's own attempts to stop the bleeding, down more than 82% since the start of the week.


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