What happened last week

Sunday: CZ announces that Binance will liquidate its FTT holdings as part of “risk management” following the publication of an article by Coindesk casting doubts around the liquidity of Alameda's balance sheet.

Monday: Panic increases and withdrawals from FTX accelerate among rumors of insufficient reserves.

Tuesday: FTT price dives by ~76% in one day. Binance signs a non-binding letter of intent for a potential acquisition of FTT.com. / US Oct. NFIB Small Business Optimism 91.3 as expected. / China Oct. CPI 2.1% YoY vs 2.4% expected.

Wednesday: Twitter consensus emerges that FTX lent funds to bail out Alameda in Q2 2022, which led to a loss of assets for FTX. Binance walks out of the...