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Fastest Breaking Markets Updates Crypto • Finance • Technology • War
According to Former SEC Commissioner Jackson report: Trading on Terror?
Looks like Traders Knew About the Hamas Attack in advance ⚠️
1. Spike in short selling of major Israel ETF (MSCI Israel ETF) and dozens of Israeli stocks just before October 7 attack. Short interest exceeded levels seen even during war, recession, and pandemic crises.
2. Estimated $3.2 billion profit for additional shorts on just one Israeli bank stock (Bank Leumi) opened September 14 - October 5 based on subsequent price drop.
3. Unusual trading in risky, short-dated options on Israeli companies set to expire right after attack date. Open interest surged relative to later expiring options.
Report in comments 👇
In-Kind Redemption Model vs In-Cash Redemption Model for BTC
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This Week [4 to 10 december] | infinityhedge
-GTA 6 Trailer on 5
Crypto:
-Bittrex Global to stop operations from 4
-AR Hardfork [+smartweave will allow developers to create dApps] on 5
-Coinbase to suspend trading for POLY on 5
-Lisk Mainnet v4 Migration [Lisk Interoperability] on 5
-Coinbase to suspend trading for QUICK on 6
-Google Play to allow NFTs in Apps and Games from 7
-Binance Will Delist BTS, PERL, TORN, WTC on 7
-Kava 15 mainnet [set inflation rate to 0] on 7
-Chainlink Staking: eligible participants can stake up to 15k LINK [from 7 at 12PM ET] and public access from 11 at 12PM ET
-Justin Sun defense deadline on 8 [SEC's case]
-ApeCoin DAO’s first year of staking ends on 11
Macro:
-ADP Nonfarm Payrolls on 6
-GameStop Earnings on 6
Cliff Unlocks: of Cir. Supply: $hft 5.6% on 7
Weekly Linear Unlocks: [of Cir. Supply]
$WLD 18.8%
$MEME 2.9%
Whole Week/Month:
-Injective Volan Upgrade [largest mainnet upgrade]
-Economic & Earnings Calendar in Comment 👇
Evergrande won breathing room to strike a restructuring agreement with creditors: BBG
Winding-up Hearing in Hong Kong Adjourned to Jan. 29
SEC faces sanctions in crypto case- lawyers may have lied to a judge to get a temporary restraining order: Fortune | JEFF ROBERTS
"A federal judge rebuked the Securities and Exchange Commission on Thursday over its treatment of a crypto firm, expressing concern the agency had made “materially false and misleading representations” in order to freeze millions of dollars in assets belonging to the project."
Spot Bitcoin ETFs official decision dates: [Potential Approval]: James seyffart
Either Monday Jan 8, 2024
Tuesday Jan 9, or
Wednesday Jan 10.
[officially window Jan 5th to Jan 10th]
Mark 🗓️ 🫡
Decrypt: Coinbase Has No Plans to Launch Base Token: CEO Brian Armstrong
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BBG:Tiger Global slashed valuations for multiple portfolio companies:
OpenSea by 94%,
BAYC by 69%,
DuckDuckGo by 72%,
Superhuman by 45%
And Also Coatue slashed its internal valuation for OpenSea by 90%.
[Opensea Revenue:
January 2022: $387M
November 2023: $1.9M]
TESLA CYBERTRUCK HAS STARTING PRICE OF $61K EXCLUDING SAVINGS
WITH PROBABLE SAVINGS STARTS AT $49K.
"Hall Of Shame" list by Forbes
The 10 Most Dubious People
Ever To Make Forbes 30 Under 30 List:
Sam Bankman-Fried
Caroline Ellison
Charlie Javice
Nate Paul
Martin Shkreli
Cody Wilson
James O'Keefe
Phadria Prendergast
Steph Korey
Lucas Duplan
In early 2022, Polygon Labs announced an "important adoption milestone" for its tech infrastructure: DraftKings would begin running one of its network validators, "marking the first time a major publicly-traded firm has taken an active role in blockchain governance."
What Polygon neglected to disclose at the time: It was paying the sports-betting company millions of valuable MATIC tokens to do it: Coindesk
⚠️ Identity provider [Password authenticator] Okta Says Hackers Stole Data for All Customer Support Users. Okta had earlier said breach affected about 1% of customers.
Okta has around 18k customers including 1Password, Zoom, Cloudflare, OpenAI, Andreessen Horowitz and T-Mobile.
Okta says that none of its government customers are affected by the breach, and said its Auth0 support case management system was not impacted: TechCrunch
*[A huge Wave of phishing attempts will be coming 4 you, be safe guys]
FTX Approved to Start Selling $744 Million in Grayscale Assets: BBG | 🌲 news
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Wally Adeyemo, deputy secretary of the Treasury: "We cannot allow dollar-backed stablecoin providers outside the United States to have the privilege of using our currency without the responsibility of putting in place procedures to prevent terrorists from abusing their platform"
*Treasury also sanctioned crypto mixing service Sinbad.
Saudi Arabia strikes ⚡
Saudi Arabia's energy minister says his country won't support a COP28 agreement to phase down fossil fuels
OPEC+ oil output cuts can "absolutely" continue past the first quarter if needed, says Saudi Energy Minister Prince Abdulaziz bin Salman
Russia's Putin to visit UAE, Saudi Arabia this week
Eric Balchunas: Rumor: SEC will allow only cash creates ETFs in first grouping. [Many issuers ready for both (if BlackRock wins over SEC many will do in kind as well].
[cash creates: respective party have to hold cash equivalent of BTC that backs their ETFs.
In-kind creates: are better for investors due to spreads and tax consequences]
Fantom Foundation Launches Sonic Labs Accelerator Program with Andre Cronje as Mentor
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Gold ATH at $2146
BTC at 40k
[*Gold doesn't just arbitrarily rip on a Sunday like this unless it means something: HORSE]
[gold rips to ATH with a candle of 3.4% 🤯]
[BTC logged its 7th straight weekly gain 🤯]
POWELL: FED POLICY RATE IS 'WELL INTO RESTRICTIVE TERRITORY'
POWELL: FED PREPARED TO TIGHTEN MORE IF IT BECOMES APPROPRIATE
"Powell points to how the Fed’s past tightening moves will continue to have an impact on the economy -- the full impact hasn’t been felt yet. If anybody thought the Fed wasn’t finished raising rates, his prepared remarks today sure put a fork in it. They are done." - BBG | Zerohedge
Binance's 'VIP' traders were forewarned of $4 billion settlement penalty: Bloomberg | TheBlock
The settlement was reportedly discussed at a private dinner for some of Binance’s biggest traders, who were attending a conference in Singapore this September.
"The assembled traders pressed Binance officials on how much the firm would pay the US Justice Department and other American authorities to settle, including raising the likelihood of a $4 billion penalty. After conversations with company representatives present at the dinner, some VIP guests were left convinced that the firm would pay that sum — an amount Binance could easily afford"
Starknet Foundation confirms the Airdrop Page leak and said that draft plans still under development.
Also clarified that the eligibility cutoff date for the airdrop has been set, and no further user actions can affect this: TheBlock
Cardano Founder, Charles Hoskinson Rails Against SEC for Going After Altcoins While Giving Bitcoin "A Pass"
and after dis, Adam Back and Hoskinson started debate Over ICOs:
Adam Back:
Bitcoin did no ICO, so is not a security
Most cryptos like Cardano and Ethereum clearly meet Howey test for securities.
Charles Hoskinson:
There was no Cardano ICO
[wanna see entire conversation btw both ? check comments section👇]
Auri: Starknet's Airdrop related pages appeared on the official domain but then taken down.
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OPEC+ Agrees On 1 Million Bpd Additional Oil Supply Cut, Alongside Extension Of Saudi 1MMb/d Cut
RUSSIA’S DEPUTY PM NOVAK: THE BASELINE FOR 1Q 2024 OIL EXPORT CUTS IS THE MAY-JUNE 2023 AVERAGE.
Total voluntary cut for q1 2024 is 2.184 million bpd
MICROSTRATEGY ACQUIRED ABOUT 16,130 BITCOINS FOR ~$593.3M CASH
Average buy price: 36.7k
Kyber hacker issued demands to take over operations and assets of kyber. The note offers employees double salaries and token holders a "new cryptographic project." It threatens to make tokens "worthless" if demands aren't met by Dec 10.
Summary:
• Demanding complete executive control over Kyber
• Temporary full authority over KyberDAO governance to make changes
• Wants all documents related to company formation, operations, finances, assets etc.
• Demands surrender of all Kyber assets - both on-chain and off-chain
• Offers to buy out executives at fair valuation if demands met
• Promises to double employee salaries under new leadership
• Employees who don't want to stay under new leadership will get 12-month severance
• Says will transform Kyber into entirely new crypto project
• Offers 50% rebate on losses to LPs
• Threatens to make Kyber tokens worthless if demands not met by Dec 10
• Can be contacted on Telegram as "Kyber_Director"
"This is my best offer. This is my only offer"
Full Message in comments 👇
FTX Approved to Start Selling $744 Million in Grayscale Assets: BBG
[$70M Grayscale ETH Trust
$417M Grayscale BTC Trust
$6 Million Across: Grayscale
ETC, LTC & Digital Large Cap]
*All values as of August 31, 2023 Pricing
*The motion states FTX does not yet have a buyer. The assets will be sold via open exchange and OTC by a third party.
SpotifyWrapped2023 has arrived 🎧
[Shapeshifter >< narrativeshifter: bear/bull/sidelined]
Sei blockchain to add Ethereum Virtual Machine support in V2 upgrade: TheBlock
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