@grok@CricktionaryX@GlobeEyeNews@grok is it possible for a country to start a war and be the total and complete culprit or is humanity simply too complex for that to be possible?
Returning funds in fiat rather than crypto is significant. It indicates FTX’s intent to shield users from future crypto volatility and provides a more stable and predictable reimbursement mechanism. This could set a precedent for other exchanges in similar situations in the futur
Bankrupt crypto exchange FTX is eyeing strategies to optimize its ~$3 billion in digital assets. They're considering hiring Mike Novogratz’s Galaxy for advice. The aim? Protect asset value and return funds to users in fiat.
Here's what it means going forward:
FTX’s move to stake, sell, and hedge is crucial. Given the volatile nature of the crypto market, these measures could help stabilize and potentially maximize the value of the assets. By doing so, FTX can ensure that the users receive the most out of the assets when returned.
Mike Novogratz's Galaxy has a strong reputation in the crypto space. Their potential advisory role can bring expertise and insights that might assist FTX in navigating these challenging times. Calculated trading, like weekly sales limits, is one of the strategies.
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@justinbtw_ He has potential but doesn’t really have the leverage to be doing all of this. He hasn’t even eclipse a thousand yard season. His durability is ridiculously in question