Crypto comes under pressure following tensions between FTX exchange, Binance

WE WILL TALK ABOUT KOHL’S, DUPONT, CARVANA, LEVI’S. WE HAVE SO MANY THINGS TO TALK ABOUT. >> LET’S STOP TALKING AND START TALKING. >> BITCOIN IS ANOTHER ONE. THEY ARE FALLING TO LOWS NOT SEEN IN A COUPLE OF WEEKS. FTX CHIEF RESPONDED BY SAYING HIS EXCHANGE IS FINE AND HAS BEEN THE SUBJECT OF FALSE RUMORS, JIM. SOLANA DOWN 20 IS SPECIFICALLY WHAT THEY ARE REFERRING TO >> THE FTT I WILL SAY THIS. THE OPAQUE NATURE OF THIS SAM BANKMAN FREED IS CONCERNING. THE DECLINE — YOU HAVE, DAVID, REMEMBER SAM OWNS ALONETTA HE ALSO OWNS FTX >>

YES >> AND WE DON’T REALLY KNOW WHAT’S IN. THERE’S NO REASON WE SHOULD KNOW IT’S PRIVATE >> VERY OPAQUE NOT A LOT OF TRANSPARENCY. HE’S THE MOST IMPORTANT MAN IN CRIB TA. AT LEAST WE HAVE ASSUMED, DEFAULTED TO THAT. >> IS VERY INFLUENTIAL $530 MILLION TO SELL SOMETHING IS NOT A LOT >> THERE HE IS THAT’S OUR VIDEO OF SAM. SBF WE LIKE TO CALL HIM. >> NOT JPMORGAN. >> CAN WE GO BACK OVER THE NOTION THAT THE OPAQUE NATURE KEEPS US, CARL, FROM DRAWING ANY CONCLUSION ABOUT WHAT’S GOING ON, POSITIVE OR NEGATIVE >> APPROXIMATE

HOW CONCERNED ARE YOU ABOUT IT >> EXTREMELY >> REALLY? >> EXTREMELY CONCERNED EXTREMELY CONCERNED. BECAUSE WE HAVE A LOT OF VIEWERS IN THESE THEY HAVE BEEN ARGUABLY KEPT UP BY SOMEONE WE DID A PIECE THE OTHER DAY HOW IN

LEBANON THEY ARE USING IT AS ACTUAL CURRENCY. THEY HAVE NOT BEEN ADOPTED THEY HAVE BEEN FAILURES. DAVID, WHAT’S THE REVELATIONS ABOUT THE WHO OWNS WHAT? >> YEAH. WELL, AGAIN, IT’S UNCLEAR. >> DOES IT MAKE YOU FEEL BETTER OR WORSE >> WORSE YOU WANT TO HAVE AS MUCH AS POSSIBLE >> HUNDREDS OF MILLIONS BEING DRAWN FROM FTX

THE NEXT DAY. >> AT THIS POINT, IT ABSOLUTELY IS THIS IS NOT THREE ARROWS THIS IS THE REAL DEAL. THIS IS A MAN WHO HAS BEENEN STRAOUMENTAL IN MAKING SURE THIS MARKET WORKS RIGHT AND THE JPMORGAN, THE ANALOGY IS NOT A FACTIOUS ONE >> RIGHT >> IN THIS WORLD JPMORGAN WAS THE U.S. TREASURY. >> CORRECT >> BUT IN THIS WORLD — DO WE HAVE VIDEO OF HIM? THIS ONE MAN IS PROBABLY THE MOST IMPORTANT PERSON — I HAVEN’T TALKED TO NOVOGRATZ. >> THAT’S WHY WE ARE FOCUSED ON THE STORIES. HE HAS BEEN QUITE — >>

TRANSPARENT >> HE COMES OUT. HE TALKS IT’S NOT LIKE HE’S HIDING. HE’S AVAILABLE TO US >> WHO HASN’T BEEN AVAILABLE I DON’T KNOW THERE’S AN AVAILABILITY INDEX. I’M NOT SURE ABOUT THAT. I’M SAYING LAST NIGHT THIS THING HAD A MAJOR DECLEAN. AND I’M JUST SAYING IF THIS MAN — IF THIS WERE THE STOCK MARK