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FTX's bankruptcy and its impact on the crypto industry

The aftermath of FTX's collapse has had a significant impact on the crypto industry, causing a ripple effect that drained liquidity from other businesses and prolonged the crypto winter. The bankruptcy has also led to increased regulatory scrutiny, with authorities cracking down on firms and causing some to close their US operations. Binance has considered buying a bank to become more crypto-friendly, but CEO Chanpeng Zhao believes that making minority investments in financial institutions is a more feasible solution. In other news, Tether plans to launch Bitcoin mining operations in Uruguay, Nvidia introduces a new AI supercomputer platform, and NFT marketplace Tabi raises $10 million in angel funding.

Bitcoin Bitcoin $66,614.04
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