In today's show, we're going to be discussing Bitcoin price dipping to a new multi-year low,

touching 17,100 as FTX nerves liquidate nearly billions of dollars.

And quoting CZ, two big lessons.

Number one, never use a token you created as collateral.

And number two, don't borrow if you run a crypto business.

Don't use capital efficiently.

Have a large reserve.

And ironic enough, Jim Kramer called FTX CEO Sam Bankman-Fried, the new JP Morgan.

And today, Sam's net worth fell 14.6 billion after Binance announced planned yesterday to acquire FTX.com due to liquidity issues.

And as Dylan LeClair points out, Galaxy Digital takes a $76.8 million hit from the FTX loss.

And quitting Max Kaiser, most of the people I orange-pilled have Bitcoin cost basis under $500.

This is just noise and scammer liquidations that happen every couple of years, $220,000 still in play.

And exactly one year ago, ironically enough, Bitcoin broke out hitting a new all-time high surpassing $68,000, and quoting CZ in the spirit of transparency, might as well share the actual note sent to all

Binance team globally a few hours ago i'll be breaking this down for you also in today's show

al meter research FTT token transfer from september fuels while speculations also binance tops up

their secure asset fund for users at a billion dollars amid price fluctuations

also FTX founder Sam Bankman-Fried removes assets our fine tweet from Twitter as Dylan LeClair

points out don't mean to be the bearer of bad news here but if it isn't clear already if you

still have funds on FTX they are gone You're an unsecured creditor.

The probable outcome is Chapter 11 in a class action lawsuit that draws out for years, where you get

10 cents to 30 cents on the dollar. Also in today's show, Bitmex founder Arthur Hayes issues a

warning and says 2008-style market crash to claim more crypto casualties. Also in

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