The fuel for CEL’s late-day rally came courtesy of crypto’s spendy chief bailout officer, Sam Bankman-Fried, whose FTX exchange has been consolidating power in the crypto industry through whirlwind deals with distressed competitors. Late Monday, FTX won the bidding for Voyager Digital’s assets, valued at $1.4 billion; FTX claims it has $1 billion left to spend on acquisitions.
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