Financial Virgin - Issue 33
Hey everyone, and happy Friday. The market gapped up and got after it this week. 🙌 The Nasdaq stormed 3.03% higher and erased all of last week’s losses. Crypto is struggling a little, but we hang tight.
📈 The numbers are in
Last weeks market “crash” to those new in Crypro, burp to the veterans. We seen $1.3 billion in long positions liquidated on this dump from $51k to to $42k. Keep in mind this number is likely undercounted because of Binance and Bybit limiting liquidations data. First massive liquidation in a while.
Total Liquidationd of $2.09 billion the green bar in the image above. This tends to be a much better proxy for liquidations because exchanges now massively limiting liquidations data. Binance a clear culprit.
Bitmart revealed details of the hack and will compensate victims. The other day was hacked BitMart crypto exchange, hot wallets BSC and Ethereum withdrew more than $ 150 million. BitMart CEO Sheldon Xia reported that attackers managed to steal private keys of wallets of exchange, after which the hacker was able to withdraw funds. Dont forget to store your coin in a COLD wallet, I personally use Trezor.
🤖All the feels for Kyle this week
Amazon web service went down earlier this week and it disrupted services all over the US and abroad. This from Kyle the cat Dad.
—My cats’ automatic feeder stopped working due to the Amazon Web Services’ outage this week, I had to feed my cat manually. 😅
Intel announced its intent to take Mobileye, its self-driving car unit, public next year. The move will allow Intel to retain majority ownership of the unit, which could be valued at more than $50 billion.
💰FTX plans to raise $1.5 billion with a valuation of $32 billion
FTX CEO Sam Bankman-Fried plans to raise $1.5 billion in investment for FTX and the US platformFТX.US. The new round of financing could bring the company's valuation to $32 billion andFТX.US to $8 billion. In October, FTX closed an investment round of $420.69 million at a valuation of $25 billion from 69 investors, including BlackRock and Tiger Global.
🤔 Trouble with SushiSwap.
The Chief Technology Officer of decentralized exchange (DEX) SushiSwap tendered his resignation on Wednesday amid an ongoing scandal involving the DEX. Two of $SUSHI.X‘s largest holders submitted a proposal to SushiSwap governance indicating their desire to restructure the project. Its creators, Alex Woodard and Dean Eigenmann, hope it will establish a formal entity for SushiSwap and “establish further checks and balances between the various teams developing under Sushi and the Sushi community.” Read the proposal (and feedback) on Sushi.com.
🧠 Enjin Assembles All Star Team of 70+
A group, led by Enjin, are involved in 70+ projects to establish the decentralized infrastructure for the metaverse, as tech giants including Meta and Microsoft move to capture and centralize the nascent sector. Enjin’s Efinity engine (scuse the pun) is among the first batch of bids in Polkadot’s parachain auction and promises to create a ‘cross-chain NFT superhighway’ to service the development of Web3.0 It is estimated that the value of the sector could hit $30 trillion within the decade.
Lululemon beat earnings and revenue estimates set by analysts in a thrilling earnings performance.
| Earnings per share: $1.62 adjusted, +40% YoY (analysts expected $1.41)
| Revenue: $1.45 billion, +30% YoY (analysts expected $1.41 billion)
Oracle ripped 9.7% after beating on the top and bottom line. The company claimed former CEO Mark Hurd’s employment had a negative impact on earnings.
| EPS: $1.21 (vs. $1.11 expected)
| Revenue: $10.36 billion (vs. $10.21 billion expected)
The 19-Year-Old Who Ran a $500,000 Ponzi
DID YOU KNOW?
FIFTEEN FIRSTS OF 2021
The World Trade Organization was led by an African woman
A purely digital artwork sold at auction for millions
A human brain was wirelessly connected to a computer via a transmitter device
Mexico elected its first transgender lawmakers
The world’s first 3 D printed school opened in Malawi
Rain is recorded at the highest point of Greenland’s ice sheet.
El Salvador became the first country to make Bitcoin a national currency
NASA’s Perseverance rover made oxygen on Mars
National Geographic cartographers recognized the Southern Ocean as the world’s fifth ocean
SpaceX launched the first all civilian crew into space
Sales of zero emission vehicles surpassed diesel sales in Europe
A Dutch museum permanently featured women artists for the first time.
The world’s largest jewelry brand releases its first lab created diamond collection.
Tibet debuts its first bullet train on an electric railway line.
An ocean drone captures the first footage inside a major hurricane.
*shout out to Josie for the 15 firsts
LINKS THAT DONT SUCK
Thanks for reading and hope you all have a great weekend!