Futures fell amid China Covid unrest. Be cautious as the S&P 500 faces a big test with key economic data due. Read More...
TheStreet.com
FTX Collapse: Billionaire Mark Cuban Gives Crypto a Dream Boost
The abrupt and rapid collapse of the FTX cryptocurrency exchange has caused a shock in the crypto space. The fall, in a few days, of a company valued at $32 billion in February, ended up casting suspicion on the entire young industry of financial services, based on the Blockchain technology. Retail investors have fled, while institutional investors, linked to FTX and its sister company Alameda Research, are still determining their losses from their exposure to Sam Bankman-Fried’s empire.
