After Binance withdraws, FTX warns of collapse without $8bn.
Concerns over FTX’s financial health continued to weigh on cryptocurrency-exposed stocks Wednesday, even after Binance announced in the afternoon that it had withdrawn its commitment letter to acquire rival exchange FTX. MicroStrategy (MSTR), a technology company that stores over 130,000 bitcoins, had a 20% drop in its stock price on Wednesday. Coinbase (COIN), a cryptocurrency … Read more