“I don't care how messy your accounting is (or how rich you are)—you're definitely going to notice if you find an extra $8B to spend."
For believers in the crypto cult, FTX’s demise is a severe test of faith. To pass, you have to believe that the collapse of the digital platform has strengthened the sector. Former chief executive Sam Bankman-Fried must be dismissed as a false prophet.
Circle and Concord Acquisition have called off a long-planned merger that would have made Circle a public company.