The Crypto Library Alpha Newsletter — 9 November 2022

The Crypto Library Alpha Newsletter — 9 November 2022

💵 Macro

2023 macro might look a lot like 2001 - here is why and what it implies for markets

Alf @MacroAlf

History doesn't repeat, but it often rhymes. 2023 in macro might look a lot like 2001 - here is why and what it implies for markets. A thread. 1/

📰 Crypto News

Binance signed a non-binding LOI, intending to fully acquire FTX

CZ 🔶 Binance @cz_binance

This afternoon, FTX asked for our help. There is a significant liquidity crunch. To protect users, we signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch. We will be conducting a full DD in the coming days.

SBF's letter to investors

GURGAVIN @gurgavin

FTX CEO SAM BANKMAN JUST SENT THIS TO HIS INVESTORS WHO LOST BILLIONS CAUSE OF HIM IN THE LAST 1 DAY.

The likely reasons why FTX chose a Binance buyout

wassielawyer @wassielawyer

1/ Ok so just processing this out loud because I am pretty mindblown that FTX chose - of all options, a buyout from Binance. These were the options open to SBF: (a) seek emergency debt financing, (b) seek new money investment, (c) liquidate assets and/or (d) buy time...

FTX liquidity crunch in 10 charts

Ignas | DeFi Research @DefiIgnas

1/ FTX liquidity crunch in 10 charts: • Asset withdrawals • Outflow destinations • Liquidations and more 🧵

The unlikelihood of a successful deal with FTX

Sonali Basak @sonalibasak

Coinbase CEO on the unlikelihood of a deal with FTX: "I had a number of conversations with people over the last 24 hours, & there's reasons why that would not make sense & we're not quite at liberty to share the details right now... it'll probably all come out eventually"

wassielawyer @wassielawyer

1/ Had some time to think things through more thoroughly so here are some further thoughts on the current state of play, factors influencing whether the Binance acquisition of FTX will be completed and what happens if it doesn't.

Thoughts on the events today

Avi @AviFelman

A few thoughts on the events of today. (1) The fallout will be long and unseen. There are likely further losses yet discovered, lending desks, etc. (2) Faith in crypto will be shaken for some time. Many people had FTX as their sole entry into the space

Yano 🟪 @JasonYanowitz

Random thoughts from one of the craziest days in crypto history 🧵

Cobie @cobie

Arthur can’t do show today, am going back to bed. In my decade of crypto, think this exchange rug is by far the worst ever. Almost no time to react and lots of long-term and smart crypto ppl impacted by it.

Coinbase and Kraken are audited

sassal.eth 🦇🔊 @sassal0x

I continue to be so thoroughly impressed with Coinbase and @brian_armstrong Coinbase was founded in 2012 and has so far survived every single major crypto crisis (many of which involve CEXs) Brian also very much understands and truly believes in the crypto mission Kudos!

Tether (USDT) has zero exposure to FTX/Alameda

Paolo Ardoino 🍐 @paoloardoino

To be clear: #Tether does not have any exposure to FTX or Alameda. 0. Null. Maybe is time to look elsewhere. Sorry guys. Try again. https://t.co/1bRNUGrttr

Wu Blockchain @WuBlockchain

Circle and Tether should disclose more of their financial relationship with FTX Alameda to let users know if it's a risk. @jerallaire @paoloardoino We are seeing a lot of assets move from Circle to FTX; there are also reports that Alameda is the second largest issuer of Tether.

Bitmex is launching a token

BitMEX @BitMEX

Most of you guessed right. $BMEX starts trading on 11.11.22…countdown: 🔛 Know more 👇 blog.bitmex.com/bmex-trading-i…

Su Zhu coming out of the woods

Zhu Su 🔺 @zhusu

There I was, surfing the wave of waves, next moment wiped out, board broken, rocks reefs everywhere The sudden pain of business failure and loss of purpose, as a golden child of the industry + biz cycle more broadly, was as difficult as the ensuing ostracization and demonization

Nomura to launch institutional Bitcoin and crypto trading platform through new subsidiary, Laser Digital

Bitcoin Magazine @BitcoinMagazine

Laser Digital, Nomura’s #bitcoin and crypto focused unit, will reportedly launch an institutional trading platform by the first quarter of next year. @Fall_Of_Fiat covers the news:

bitcoinmagazine.comJapanese Banking Giant’s Subsidiary To Launch Bitcoin, Crypto Trading In 2023: ReportLaser Digital, Nomura’s bitcoin and crypto focused unit, will reportedly launch an institutional trading platform by the first quarter of next year.

📊 DeFi News

10 strategies for the next run

Lady of Crypto @LadyofCrypto1

I started #crypto with $5,109 in 2019 and in 2021 I achieved complete financial freedom. I did it using these 10 strategies. This thread will help you do the same next run 👇 1/12

📝 Protocol Threads

Curated list of notable projects in the StarkNet ecosystem

M6 Labs @M6Labs

These days, the crypto community has a split opinion about the future of #StarkNet Some call it our savior, while others say it’s #NGMI Here’s a curated list of notable projects in the StarkNet ecosystem 🧵👇

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