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Coming To Terms With Binance And Crypto
All the defi, crypto, web3 news you need in one scroll
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Binance Blocked Dollar Withdrawals
Binance.US paused dollar withdrawals, retail sales rose by 0.7% in September, Nvidia stock fell on news of US restrictions on AI chip exports, GM is delaying its all-electric truck production at Michigan plant, Airbnb faces curbs in Canada, and protests in Guatemala are closing roads.
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Goldman Wants Out of Consumer Lending
Bezos passed Arnault on the list of world’s richest people, home sales are on track for their slowest year since housing bust, Goldman wants out of consumer lending, the MBA job market is slow, big tech could benefit from Jim Jordan as House speaker, and Linkedin announced ~700 layoffs.
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Pump Fake
All the defi, crypto, web3 news you need in one scroll
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Consumers Aren’t Loving EVs
The US is further cracking down on China’s access to chip technologies, oil prices continue climbing due to uncertainty in the Middle East, Taylor Swift’s Eras Concert is the highest-grossing domestic concert film ever, Biden might visit Israel, car buyers aren’t falling in love with EVs, and Xi’s crackdown on finance in China hit its two-year mark.
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SBF: A Bad EX-ample
All the defi, crypto, web3 news you need in one scroll
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Adam Aron Got Catfished
AMC’s CEO Adam Aron got blackmailed, the US is holding off on disbursing $6B of oil money in Iran, Scalise dropped out of the US House race, Americans failed to pay a record $668B in taxes, theaters are showing Taylor Swift’s concert, and Europe gave TikTok’s CEO 24 hours to respond about Israel – Hamas misinformation.
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Microsoft’s Fat Tax Bill
The IRS says Microsoft owes $29B in back taxes, China’s State Fund is buying shares in bank stocks, the Fed is divided on more rate hikes, Israel and Egypt want to create a safe passage for Americans stuck in Gaza, Hollywood suspended talks with actors, and YouTube passed Netflix as the top video source for teens.
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Caroline Snitched on SBF
Caroline Ellison testified against her former boss/boyfriend, Biden confirmed that Americans are being held hostage by Hamas, higher interest rates are likely to persist for longer, PE deal flow is slow, banks are benefiting from rising rates, and Deloitte is expanding in the Maldives and Sri Lanka.
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Betting Against Obesity
Ozempic risk has become a short thesis for restaurant stocks, stakes are rising in the Israel/Palestine fighting with new Hamas hostage threats, major airlines are suspending flights to Israel, Texas offices are vacant, Hollywood writers ratified their new contact with studios, and Robert F. Kennedy is running as an independent.
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Hacking Away 🪓
All the defi, crypto, web3 news you need in one scroll
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Heartbreaking Weekend in Israel
Hamas attacked multiple Israeli towns this weekend, Iran likely helped plot the attacks, oil prices climbed due to Middle East uncertainty, some investors are willing to bet on Argentina, Wall Street can’t handle all of Washington’s bonds, and distressed debt anxiety is rippling through emerging markets.