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Here’s the big PR mistake CEOs are making, according to FTX’s SBF

Before FTX was facilitating in billions of dollars in trade volumes and its name was plastered on Miami Heat’s stadium, it was a scrappy upstart venue “coming from behind,” as founder Sam Bankman-Fried put it in a recent podcast with The Block.  A key component of how the firm moved up the crypto exchange leader board was taking a more authentic approach to marketing and public relations, Bankman-Fried noted. “Most of it sort of happens organically,” the billionaire said of …

Here’s what traders don’t get about crypto leverage, according to SBF

The cryptocurrency market is known for its volatility and the high amount of leverage offered to retail traders, but the highest leveraged trades actually have a very limited impact on the market, according to FTX’s Sam Bankman-Fried.  The volatile market, which has seen days in which hundreds of thousands of traders have faced liquidations in their futures position, is known for cascading events. During some market drops, liquidations of levered futures positions can exacerbate drawdowns, leading to further liquidations. On …