Binance was threatening to dump a huge amount of FTT tokens on the market. FTX has a big+vulnerable position in FTT. FTX asked Binance to sell them the tokens for a fixed price, so as not to crash the FTT token price. Binance declined - this was yesterday/today. Of course the price of FTT crashed today. And now Binance buys FTX to help them out... smells like Binance played 4D chess all along.
https://decrypt.co/113674/binance-moves-to-liquidate-its-ent...
https://decrypt.co/113788/binance-ceo-declines-alamedas-bid-...
https://decrypt.co/113866/battle-crypto-titans-ends-binance-...