Phew, you survived Friday the 13th! 😅
But SBF’s trial is starting to feel like a sinister soap opera. I wonder how long it will take Netflix to make a show 😂
Here’s your weekend crypto round-up so sit back and enjoy the show.
Here’s what’s in today’s issue:
- My portfolio updates.
- Rebecca shares her thoughts on SBF ending the bull market, US inflation updates, some big players are betting big on BTC and ETH, Mastercard’s move into wrapped CBDCs and a new player in the ETH L2 battle.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on the new crypto game “Big Time”.
- Sam has a report for you on NFT artist, Refik Anadol.
- In case you missed it by Rebecca.
For any crypto related questions please comment on the website.
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Buys and Sells
Nothing new this week.
Current Farming/DeFi Positions
- Maker’s Summer App Loaned ETH to borrow USD DAI.
- Trader JOE: ETH/USDC on Arbitrum
- Syncswap: ETH/USDC on ZKsync
- Horizon: ETH/BUSD on Linea
- Baseswap BSWAP/ETH on BASE
- Quickswap QUICK/USDC on Polygon zkEVM
- Linea Bank ETH supply on Linea
- Lendle supplying USDC on Mantle
- Radiant Capital LP RDNT on Arbitrum
- Jedi Swap ETH/USDC LP on Starknet
- Dackie Swap ETH/USDC on BASE
- Mantis USDC on Polygon zkEVM
- Eralend ETH on zkSync
- Prisma Finance on ETH Mainnet staked cbETH
- Prisma Finance on ETH Mainnet mkUSD/FRAX pool
- Claystack on ETH Mainnet staking ETH
NOTE – Most of these positions are very small
😱 SBF Trial: Mr. And Mrs. Fraud Ended The Bull Market?
Collusion, bribes, and strippers. That just about sums up week 2 of Sam Bankman-Fried’s trial.
Oh, and it seems SBF could have been the reason Bitcoin never made it to $100K.
Enter the ex, Caroline Ellison. She’s taken to the stand this week to give the tell-all about her love affair with FTX. It’s juicy!
It turns out Caroline was the fudger. She said SBF made her prepare 7 alternate Alameda balance sheets to hide the truth from lenders.
You see, Genesis wanted their loans repaid. But the reality was Alameda had borrowed $10 billion from FTX and had $5 billion in loans to execs and entities.
That’s when they used customer funds to pay back lenders instead.
FTX was already insolvent. Perhaps even during the bull market.
Caroline also exposed $150M in bribes made to Chinese government officials to unfreeze funds trapped on exchanges. And even resorted to using trading accounts by Thai strippers to get access to funds.
Then FTX found themselves manipulating the market by selling customers Bitcoin if the price was over $20K. This story is WILD!
💸 US Inflation Is The Real “Higher For Longer”
“Higher for longer!” says the Fed. But is that for inflation or interest rates? I can’t tell anymore.
Well, inflation data is in for the US and annual CPI ain’t budging. September’s CPI came in at 3.7%, in line with August but higher than the expected 3.6%. Ouch!
Core CPI which strips…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
