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The 3 Biggest Crypto


The 3 biggest crypto. Next week, former FTX CEO Sam Bankman-Fried is expected to tell a court in the Bahamas that he will no longer challenge the extradition to the United States.

Gemini hopes to recover from the damage of Genesis, while Binance looks to ignore the increase in politics. Liquidity and bankruptcy issues continue to be the biggest news for this coming week, as the failed crypto companies and others are still on their feet with their various problems.

The week will be important for the leaders and first leaders of three crypto exchanges: FTX, Binance and Gemini.

Will the United States Have a Sam Bankman-Fried?

After former FTX boss Sam Bankman-Fried was arrested in the Bahamas last week, he was sent to Fox Hill Jail, where he was denied bail. On Monday, Bankman-Fried is expected to tell a court in the Bahamas that she will no longer contest the extradition in the United States, Reuters reported, citing an unidentified source. In the United States, he will face fraud charges.

If convicted of all charges, the former CEO could face up to 115 years in prison.

Will Binance Avoid a Bank Run?

Although the President, Changepen zhao, changing money that has no $ 56 billion in CryPTO under it, changes to higher rates of platform. Binstance found $ 6 billion in the first half of the last week, as the Times Times, which received data change.

Meanwhile, this political pressure caused immediate problems for the revolution. He has previously had a case in favor of deregulation while holding it in the legacy banking system. Besides that, the change seems to fix the interruption.

At the same time, the research firm Mazars suspended Binance and all other crypto companies. This is because of how his story is understood, perhaps it seems to show more checks than they really are.

In fact, a company official told the FT that the auditor “didn’t look into” the financial position of these exchanges. What you have to watch will be whether Binance customers trust the exchange and its security or if the stoppage continues to rise.

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Genesis Watch

Another big story to watch will be how Genesis deals with its finances. Crypto Exchange Gemini, whose funds have been blocked by Genesis under the Gemini Earn program, has established a compensation committee. Houlihan Lokey, who was appointed financial adviser to the committee, has begun preparing a plan for solving Genesis’ problems, according to his latest update.

For now, there are still many details about the health of Genesis and its parent company Digital Currency Group (DCG). Most of the DCG tokens combined were strong last week, causing widespread concern among crypto traders. At the same time, the return for Grayscale Bitcoin Trust (GBTC) – another DCG company – fell to 48%. This creates a new headache for the parent company, which bought back GBTC using its own balance sheet.

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