 
					                
                October 30th, 2025
 
			        
        
Antitrust specialists are concerned about how Binance and FTX made the acquisition deal through Twitter first.
 
			        
        
Following the news that Binance was acquiring FTX, the FTT token began to rebound.
 
			        
        
The collapse of FTX tokens has sent tremors across the entire crypto industry. ETH withdrawals on FTX have skyrocketed by more than 90% in the last few days.
 
			        
        
FTX token value plunged another 20% in the last 24 hours. Nearly $1 billion in FTT market value has eroded since the Binance episode.
 
			        
        
Earlier, CZ threatened that Binance would liquidate all the FTT tokens in its book.
 
			        
        
Amid speculations over the financials of Alameda Research, Binance chief Changpeng Zhao decided to liquidate his remaining holding of FTX tokens leading to a strong price correction.
 
			        
        
The new marketplace is expected to host about 70 Ethereum and Solana-based NFT collections.
 
			        
        
Reports showed that Bankman-Fried was supposed to contribute to Musk’s project to buy Twitter. However, the FTX CEO did not become a part of it.
 
			        
        
It is important to note that Meta CEO Mark Zuckerberg’s $100 billion metaverse experience was initially met with mild disapproval after Meta’s Horizon Worlds VR platform was released.
 
			        
        
Additionally, the filings also implied that the credit card corporation may be considering a foray into the metaverse, where its name would be used in “virtual spaces in which users can interact for recreational, leisure, or entertainment purposes.”
 
			        
        
Sam Bankman-Fried recently disclosed that FTX plans to issue its own stablecoin at some point, but did not go into details.
 
			        
        
Crypto exchange FTX is reportedly in talks to buy Bithumb. The legal issues connected to its former chairman will, however, hinder any possible sale.
 
			        
        
The CEO explained that only the accounts of FTX users would be reimbursed.
 
			        
        
In the recent case of API keys stolen from FTX accounts, chief Sam Bankman-Fried announced to return $6 million in users’ lost funds.
 
			        
        
Voyager has also clarified that its customers would be transitioned onto the FTX platform after the completion of the deal.