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Incredible action going on in crypto exchange world right now. Like J.P. Morgan resurrected!

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This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

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4:31 PM · Nov 8, 2022

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Do you have a hot take?

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Longtermism is dead.

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Just finished Jean Strouse's wonderful Morgan biography this weekend; JPM's terse telegram's would have played well on twitter.

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@catrathustra@mastodon.social

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liquidity crunch? Can't wait until they re-invent a central bank.

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So I’m reading this as if you try to sell your crypto at quoted prices you may find no buyers and no market makers. Your attempt to sell will sit there like your collectible Star Wars cups from the 90s sit for sale on FB marketplace.