Weekly Crypto Cheat Sheet

10/31/22

Hello all. Below is the weekly cheat sheet. Monthly whale watching will be out for paid subs in a few hours - I delayed it a few days to pick up more of the degen flows given we have seen risk come back on.

ETH is up 19% over the past week, trading at ~$1,598 at writing, while BTC was up 6% at $20.6k. This compares to the S&P which was up 1.9% over the week, and the NASDAQ which was flat. FOMC meeting is Wednesday so expect some volatility.

💰Smart Money Flows:

7-Day Largest Inflows (Nansen):

• aUSDC: $8mm

• MKR: $7mm

• FTM: $7mm

• XMON: $1mm

7-Day Largest Outflows (Nansen):

• cUSDC: -$50mm

• cDAI: -$44mm

• cETH: -$42mm

• USDT: -$14mm

• wBTC: -$12mm

• APE: -$1mm

📰 This Week’s Crypto News:

• Elon Musk completes deal to acquire Twitter + DOGE Surges

• a16z’s largest crypto fund down 40% in first half of 2022

• Major crypto miner Core Scientific may file for bankruptcy

• NEAR’s USN Stablecoin to shut down

• Reddit NFTs Surge

• SUSHI Approves Restructuring

• Twitter Will Allow Users to Buy and Sell NFTs Through Tweets

📖 Weekend Reads / Watches:

• Global Coin Research Q3-22

• VCs are quiet quitting

• a16z Crypto Regulatory Roundup

• Token Value Accrual

• FAN TOKENS: Tokenizing Fandom and Onboarding Millions of Sports Fans to Web3

• Mega Thread on Airdrop Opportunities

• Do DeFi Protocols need a Token to work

• Rethinking DeFi Tokenomics

• Thread on SPA

• Real World Assets: Finance’s Bridge to Crypto

• The Man Behind a $100 Million Dollar Trading Strategy...or Hack?