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ROLLUP: 3rd Week of November, 2022
November 18, 2022
MARKET

Introducing: Bitcoin Miner Sell Pressure.
A free, open-source indicator which tracks on-chain data to highlight when Bitcoin miners are selling more of their reserves than usual.


Total ETH/USD (or stables) volume:
Binance: ~$1.9b
Uniswap: ~$1.1b
Coinbase: ~$0.6b

Uniswap has more volume on ETH than any centralized exchange last 24 hours?
Only one above $1B. https://t.co/JEXncWlDLw

What matters is doing the best I can.
And doing everything I can for FTXโs customers.

How bad were FTXโs internal controls?
Here are the worst examples

This is an AMAZING insight into the mentality of people who think theyโre doing way better than they are. Letโs dive in.
1/12

<div class="tweet" data-attrs="{"url":"https://twitter.com/kadhim/status/1593222595390107649","full_text":"THE FTX FIRST DAY DECLARATION\n\nNew CEO John Ray is scathing about Sam Bankman-Fried's management.\n\n\"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.\"\n\npacer-documents.s3.amazonaws.com/33/188450/0420โฆ ","username":"kadhim","name":"kadhim (๏ผพ๏ฝฐ^)ใ","date":"Thu Nov 17 12:40:42 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FhxDbC7X0AEZ5Kg.png","link_url":"https://t.co/Bd3Pjg4s7L","alt_text":null}],"quoted_tweet":{},"retweet_count":2861,"like_count":10752,"expanded_url":{},"video_url":null,"belowTheFold":true}โ>






Not only does the withdrawal halt lead to more balance sheet impairment, but the lack of new loan origination going forward will lead to a financing crunch for debtors.


<div class="tweet" data-attrs="{"url":"https://twitter.com/TheBlock__/status/1592169646568144897","full_text":"Multicoin Capitalโs third VC fund has exposure of more than $25 million to FTX\ntheblock.co/post/186631/muโฆ","username":"TheBlock__","name":"The Block","date":"Mon Nov 14 14:56:39 +0000 2022","photos":[],"quoted_tweet":{},"retweet_count":10,"like_count":83,"expanded_url":{},"video_url":null,"belowTheFold":true}โ>

theblock.co/post/186631/muโฆ