A Deep Dive into Alameda's Current DeFi Debt Crisis

Source: Odaily (ID: o-daily) Author: Shiwen The drama between Binance and FTX experienced two reversals overnight, from dispute to acquisition to regulatory uncertainty, with the entire market briefly rising then plummeting sharply. BNB once surged to 398 USDT last night, then dropped to 326 USDT; FTT rose to 21 USDT after yesterday's decline, then crashed to 6.1 USDT, with a 24H drop of 71%.