Fastest Breaking Markets Updates Crypto • Finance • Technology • War
CME BTC futures OI has breached 100k BTC for the first time ever.
Читать полностью…$MINA going wild 👀
Binance Spot: $0.77
Binance perp: $0.64
Upbit: $2
Funding rate: -2% [adjustment in 36min]
CHINA EVERGRANDE EXTENDS DECLINE TO AS MUCH AS 21%
Читать полностью…Public funds saw a $43m inflow into bitcoin today, that's 10% of the YTD total in one day. h/t
Читать полностью…COURT FINALIZES GRAYSCALE WIN IN CASE AGAINST SEC WITH FORMAL MANDATE FILED - THE BLOCK
Читать полностью…[Capo on his way to put a bounty on deadlier, infinityhedge and Cointelegraph intern, 😂, We literally changed the whole vibe of the market frm bearish to bullish lol fk yeah 😤💪]
Читать полностью…Bill Ackman: "We covered our bond short. There is too much risk in the world to remain short bonds at current long-term rates"
"The economy is slowing faster than recent data suggests".
Worldcoin to pay orb operators in WLD rather than USDC. TheBlock
WorldCoin Foundation gave an update on the WLD token's circulating supply, which has reached over 1% of its total supply of 10 billion tokens. Of the approximately 134 million WLD issued, 100 million were given as loans to market makers while 34 million have been distributed to users and orb operators in the form of grants.
With the loans set to expire on Oct. 24, Worldcoin announced that the agreements would be renewed until December 15 of this year with a reduced amount of 75 million tokens; the market makers will return or, alternatively, purchase some or all of the remaining 25 million as part of the agreement.
https://www.npr.org/2023/09/15/1197954055/axie-infinity-north-korea-ronin
Читать полностью…According to Jeremy Hogan [Partner at Hogan & Hogan]
Ripple v. SEC case is over and SEC has a 14.2% chance of winning on appeal. [SEC has indicated that it will appeal].
Hayden [Founder of Uniswap] owned 99.99% of supply of $hay, now he has burned the entire amount.
"Hayden deployed Hay 5years ago to test Uniswap" according to his tweet*.
He wants no future involvement with Hay and he thinks speculating on it is unwise.⚠️
*Hay was created by johnpalmer.eth
The SEC has voluntarily dismissed the case against Ripple senior execs.
This means they can proceed to appeal the Ripple decision much sooner--otherwise they would have had to wait until the conclusion of that trial in the late spring- Katherine Kirkpatrick
BINANCE’S UK CHIEF DEPARTS AS REGULATORY PRESSURE MOUNTS - THE BLOCK
Читать полностью…NVIDIA PLANS TO MAKE ARM-BASED PC CHIPS FOR WINDOWS: REUTERS
Читать полностью…US Court confirms Grayscale ruling, says SEC must re-review bid for spot bitcoin ETF
Читать полностью…FINAL MANDATE ON GRAYSCALE SEC APPEAL GIVES NO FURTHER INSTRUCTIONS TO SEC: FILING
Читать полностью…According to Ram Ahluwalia: The NYAG complaint is Civil in nature. But the complaint alleges Barry Silbert and execs broke multiple criminal laws.
What the NYAG ask?
(1) Prohibit DCG from running a securities & commodities business.
That forces DCG to spin-off Grayscale. DCG would not be able to raise VC money.
(2) The NYAG requests that Defendants pay damages, and Restitution and Disgorgement of profits.
Why the NYAG's request will force a sale of Grayscale 👇full thread
https://twitter.com/ramahluwalia/status/1716218498341597430
This Week [23-29 Oct] | @infinityhedge
Crypto:
⌞ ~$400M worth of DOT tokens are expected to be release to crowdloan contributors by Acala, Moonbeam, Astar, Parallel Finance & Clover Finance on 24
⌞ Binance Loans (Flexible Rate) will close all outstanding BUSD loan & collateral positions on 25 at 08:00 (UTC). Users are advised to repay any impacted loans by 7:59 (UTC) to avoid potential losses
⌞ Bloomberg's documentary about SBF & FTX collapse premieres 6pm ET on Bloomberg TV, 8pm ET on Bloomberg Originals on 25
⌞ Floki staking program and two key roadmap items (Project TL+Mystery Project) to go live on 27
⌞ ~$2.4B Notional Value BTC options to expiry on Deribit on 27
⌞ ETHMiami Event from 27 - 29
Macro:
⌞ Powell speaks at Moynihan Lecture on 25
⌞ BOC Interest Rate Decision on 25
⌞ US Q3 GDP on 26
⌞ Fed Governor Christopher Waller speaks on 26
⌞ US Core PCE Price Index (MoM) (Sep) on 27
Earnings: [After Close]
⌞ Microsoft and Google on 24
⌞ Meta on 25
⌞ Amazon on 26
Cliff Unlocks: of Cir. Supply
⌞ $YGG 6.8% unlock on 27
⌞ $DYDX 3.2% unlock on 24
Linear Unlocks:
⌞ $WLD 2.37% of Cir. Supply [daily]
Whole Week/Month:
⌞ DYDX v4 launch
⌞ Israel-Hamas War: US deploys warships to Middle East amid escalation concerns.
⌞ Major and Monthly Unlocks
⌞ Economic Calendar & Weekly Earnings Calendar
10 days ago, TrueUSD's private deployer/admin account deployed $TEURO but TrueUSD X handle stated that they have zero affiliation with $TEURO 👀 [interesting].
According to ChainArgos: "Given that TrueUSD has admitted being hacked at the latest 2023-09-18 and given that $TEURO was deployed 10 days ago it seems like there is only one explanation here:
1) Someone has some of TrueUSD's private keys.
2) Which means that TrueUSD may not have told the whole truth about the extent of the hack.
3) The whole situation is especially dodgy given that someone (Justin Sun) managed to mint $850mm $TUSD 3 days before the acknowledged hack date"
https://twitter.com/ChainArgos/status/1716263349455900771
Research on Rollbit - by ASXN [must read if you are interested in Rollbit economics]
Summary by infinityhedge:
Rollbit operates casino, sportsbook & crypto futures trading. Analysis shows estimated annual revenues of $333M, $64M, and $103M respectively. RLB token launched Nov'21 with 5B supply, now 3.1B circulating due to significant burns (37% of initial supply gone). Burns come from protocol revenue share (10-30% across products). RLB provides utility like rakeback up to 10% and reduced trading fees. DCF analysis suggests RLB should be 52% higher at $0.247. Competitor P/S analysis shows undervaluation. Catalysts include new products, marketing, mobile app. Risks include regulations, hacks, market competition.
[if I were an SEC staffer the funniest thing would be to leak the ETF decision to infinityhedge [deadlier] but tell nobody else]- foobar+
Читать полностью…⚠️ ⚠️ Fed’s Bostic: I Don’t Think Fed Will Cut Rates Before Middle of Next Year
Читать полностью…More than two dozen ex-employees sued Lubin, accusing him of leaving workers with worthless shares in a Swiss holding company called Consensys AG by shuffling assets including crypto wallet provider MetaMask out of the unit- Bloomberg
Читать полностью…*At the same time, the SEC’s withdrawal from the case preserves its resources for bigger lawsuits it has filed against crypto giants Coinbase and Binance.
The SEC could file another appeal of Judge Torres’s decision after she rules on the fines Ripple should pay for its $728 million in sales to institutional investors- wsj