How Binance’s CEO outwitted Bankman-Fried, and helped topple FTX | The New Startup Golden Rule--Deliver First, Monetize Second | The mayor of Tokyo's nightlife district begs partiers to stay away: 'Please, do not come to the Shibuya station area for Halloween' | How To Answer The Question ‘Why Are You Interested In This Position?’ In A Job Interview

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How Binance’s CEO outwitted Bankman-Fried, and helped topple FTX - Fortune Crypto

In November of 2022, Sam Bankman-Fried’s FTX was teetering on the brink. The final collapse came at the hands of Changpeng Zhao—“CZ” to everyone in the industry—who tweeted that his company Binance was dumping its entire position in FTX’s house token, FTT. The fire sale, along with a ham-fisted attempt by Bankman-Fried to defend the token, triggered a panic and FTX was bankrupt days later.

This storyline is familiar to anyone who has followed the harrowing events of the crypto industry in the past year. Michael Lewis’s new book, Going Infinite, however, reveals new details about the bitter rivalry between the two crypto kingpins, including how Zhao laid a trap for Bankman-Fried more than a year earlier that would let him deliver the coup de grâce last fall.

Before describing the trap, it’s worth noting some of the gossipy details that Lewis unearthed about relations between the two men. This includes a revelation that Bankman-Fried, hoping to convey legitimacy on FTX, paid Binance $150,000 to appear onstage at a 2019 conference hosted by the company in Singapore; he “effectively paid CZ to be his friend” in Lewis’s words. Zhao would later buy 20% of FTX for $80 million but only after rejecting an earlier overture to invest, leading Bankman-Fried to complain to the author, “He’s kind of a douche, but not worse than a douche.” The FTX founder would also complain during another spat that the Canadian-raised transnational Zhao had behaved “very Chinese” (another instance in the book of Lewis appearing to carry water for his protagonist).

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The New Startup Golden Rule--Deliver First, Monetize Second - Inc.com

In today's hyper-saturated markets, the name of the game is differentiation. If you're doing the same thing as everyone else, your chances of success are extremely low. It's true that you can offer a feature that your competitors don't, but that's not enough of a differentiation upon which you can build a company.

Instead, when everyone else is focused on getting paid, you focus on bringing tangible value. The money will follow. Here's why that's a good strategy.

When you focus your time and resources on value creation--whether that's helping someone with a pitch, assisting them in getting to know their landscape better, or connecting them to a relevant investor--and you do not focus on monetization, you create delight.

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The mayor of Tokyo's nightlife district begs partiers to stay away: 'Please, do not come to the Shibuya station area for Halloween' - Fortune

The mayor of Tokyo’s busy Shibuya shopping and entertainment district is asking Halloween celebrants not to visit, fearing that a large number of partygoers following the COVID-19 pandemic could cause a disaster similar to last year’s fatal crowd surge in South Korea’s capital.

“This year, we are making it clear to the world that Shibuya is not a venue for Halloween events,” Shibuya city Mayor Ken Hasebe said at a news conference Thursday. “Please, do not come to the Shibuya station area for Halloween.”

Hasebe said he understands that Halloween is a fun celebration around the world, but noted that a crowd crush like the one that killed about 160 people celebrating Halloween last year in Seoul’s Itaewon district could happen in Shibuya.

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How To Answer The Question ‘Why Are You Interested In This Position?’ In A Job Interview - Forbes

Highlight the aspects of the role that speak to you. Connect the dots that link the job ... [+] advertisement's responsibilities to match your talents, accomplishments and expertise from past jobs. Talk about how the position will help you learn, grow, develop and achieve your long-term career goals.

If you've been interviewing recently, you have probably noticed that human resources, internal corporate recruiters and hiring managers typically ask the same standard questions. Asking candidates, "Why are you interested in this position?" is safe and does not require a lot of thought and imagination.

Since companies frequently ask the same interview questions, it puts the job hunter in an advantageous position. By anticipating and practicing answering these commonly asked questions ahead of time, your preparedness and well-thought-out answers will help you shine in the interview.

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