Weekly Crypto Cheat Sheet

12/6/22

Below is the weekly cheat sheet. Crypto majors traded higher over the week, with BTC up 3% (trading at $16.9k), while ETH was up 3% (trading at $1,258). It appears the worst of FTX’s related contagion is behind us, so macro may take more importance over the coming month, and here are the key remaining dates to watch out for:

• 12/13 - November CPI Data

• 12/14 - next FOMC meeting

💰Smart Money Flows:

👀 7-Day Largest Inflows (chainEDGE):

• ETH: $32mm

• aUSDC / USDC: $27mm

• BUSD: $13mm

• USDT: $9mm

• BNB: $4mm

• CHZ: $2mm

👀7-Day Largest Outflows (chainEDGE):

• WETH: -$18mm

• wBTC: -$11mm

• MATIC: -$7mm

• LDO: -$4mm

• DAI: -$2mm

• LINK: -$2mm

• APE: -$1mm

👀7-Day Largest Arbitrum Inflows (chainEDGE):

• GMX: $700k

• MAGIC: $145k

• VSTA: $44k

• UMAMI: $40k

• rDPX: $16k

📰 This Week’s Crypto News:

• Maple severs ties with Orthogonal

• NEXO Phasing out of the US

• Creditor groups in negotiation with Genesis currently account for $1.8 billion of loans

• Genesis owes $900 million to Gemini customers

• Three Arrows Capital liquidators begin taking control of failed hedge fund's assets

• BlockFi has $355 million in digital assets ‘frozen’ on FTX

• Trader Joe coming to Arbitrum

• Goldman Sachs sees crypto investment opportunities after FTX fiasco

• FTX’s Collapse Was a Crime, Not an Accident

• FTX Contagion Spreads as Orthogonal Trading Gets Default Notice for $36M Debt on Maple Finance

📖 Weekend Reads / Watches:

• fintechfrank x @SBF Episode

• FTX Contagion Chart

• NFT x DeFi via Dopex

• A comparison of Optimism and Arbitrum flagship protocols and ecosystems

• Adam Cochran on SBF

• Intern notes on the latest STG Community Call

• Intern notes from SBF’s interview Dealbook Summit

• DeFi Options — Mapping Hype to Reality