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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 FTX’s customers.
How bad were FTX’s internal controls?
Here are the worst examples 👇
This is an AMAZING insight into the mentality of people who think they’re doing way better than they are. Let’s 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/33/188450/0420… ","username":"kadhim","name":"kadhim (^ー^)ノ","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}”>
New CEO John Ray is scathing about Sam Bankman-Fried’s management.
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information.”
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 Capital’s third VC fund has exposure of more than $25 million to FTX\ntheblock.co/post/186631/mu…","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}”>
theblock.co/post/186631/mu…