Weekly Crypto Cheat Sheet

11/6/22

Hello all. Below is the weekly cheat sheet. Tomorrow morning I will have a post out on upcoming catalysts / narratives, along with a paid post later tomorrow on some small cap ideas.

ETH is flat over the past week, trading at ~$1,575 at writing, while BTC was up 2% at $20.9k. This compares to the S&P which was down 2.9% over the week, and the NASDAQ which was down 5%. Some of the recent softness in crypto could be related to concerns about SBF/FTX’s solvency. Key events this week will be midterm elections on 11/8 and CPI data on 11/10.

💰Smart Money Flows:

7-Day Largest Inflows (Nansen):

• wBTC: $44mm

• cWBTC: $17mm

• WETH: $16mm

• MKR: $7mm

• xSUSHI: $4mm

• XMON: $1mm

7-Day Largest Outflows (Nansen):

• USDC: -$98mm

• cUSDC: -$50mm

• cETH: -$24mm

• DAI: -$21mm

• SHIB: -$12mm

• CHZ: -$2mm

📰 This Week’s Crypto News:

• Binance / FTX Drama

• Meta to layoff thousands of employees this week

• New York Fed completes experiment using on-chain digital dollar

• Developers of pNetwork bridge drain $4.3 million from PancakeSwap in 'white hat' attack

• Fidelity turns its attention to retail investors with new crypto offering

• Deribit loses $28mm in hack

• Steph Curry files trademark for the Curryverse, where players earn NFTs

• FTM Pumps because Andre is back on twitter

📖 Weekend Reads / Watches:

• Turning $7,500 -> $225,000 in 3 weeks

• Web 3 Credentials Primer

• The Case for $15,000 ETH

• Current State of the NFT Market

• Opsec Resources

• Rage Trade’s Delta Neutral Vaults

• Web3 Gaming News

• How to turn $120k into $6mm via Arbitrage