Clearly this FTX saga is not over. I’m still amazed that, last week, people bid the FTX token up by about 200%, only to see it erased. Until this thing is $0.00, the SBF saga grinds on.

FTX Chart

And, once the other shoe drops, my view is that these two equities are in even worse trouble than they already are: Coinbase (NASDAQ:) and Robinhood (NASDAQ:).


COIN (Coinbase) Chart


HOOD (Robinhood) Chart

In the meanwhile, the crypto space seems to have achieved a temporary perfect equilibrium, and it’s like prices have reached a state of absolute zero. Nothing’s moving anymore.

Bitcoin (BTC) Chart

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