The crypto analyst behind the JWK Show YouTube channel posted a video on Nov. 22nd highlighting recent allegations against crypto exchange Binance. He speculated that this could trigger a “bank run” and collapse similar to FTX.
The host pointed to institutions capitalizing on the opportunity, highlighting a recent tweet from Grayscale touting its Grayscale Ethereum Trust as the world’s largest Ethereum (ETH) investment vehicle:
We have Grayscale coming in, Wall Street never loses.
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In addition, JWK also found links between Binance and Ripple, the firm behind the XRP token. He noted that the new Binance CEO Richard Tang previously shared a stage with Ripple’s European chief.
Interesting connections being made with Ripple and Binance. Obviously all these people are puppets at the end of the day and this was all pre-planned as well Richard is a highly qualified leader and with over three decades of financial services and regulatory experience.
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