Week 46 | 11/14/22 - 11/19/22
By Matthew BrienenNews Flash
Tuesday 11.15.22: Circle has now made a new announcement extending its support for Apple Pay. With the new support, customers can easily make payments and checkout using their mobile devices privately and safely. The new integration, according to Circle, will be beneficial for crypto-native businesses. It will also help customers buy cryptocurrencies using Apple Pay on their preferred exchanges.
Wednesday 11.16.22: On Wednesday morning, Genesis announced to clients that it would pause withdrawals from its lending arm, citing "unprecedented market turmoil" due to the now-bankrupt crypto exchange FTX. Genesis reported $12.5 billion active loans outstanding and processed over $130.6 billion loans in 2021.
Thursday 11.17.22: El Salvador will start buying bitcoinevery day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury.
Friday 11.18.22: At least some of the millions of dollars in FTX customer fundsmysteriously moved off the exchange last week were moved at the direction of regulators in the Bahamas. That assertion was made in a new filing by the embattled company and confirmed late on Thursday by the Securities Commission of the Bahamas itself. It wasn’t the first time the accusation had been leveled at the island nation, which previously denied it. But this time, Bahamanian regulators reversed course.
CryptoCharged Live Show Recaps
Monday 11.14.22: Brian Decker discusses a timeline of the FTX collapse, seven cryptos affected by the FTX crisis, and exchanges that may be exposed to FTX. Dan Habib summarizes all of the layoffs that have occurred in 2022, as well as shipping costs and an analysis of the most recent on-chain analytics. Dan provides a technical market analysis as well as a macro-outlook for Bitcoin in this bear market.
Tuesday 11.15.22: Matthew Brienen shares that inflation is decreasing, funds with FTX exposure have 7% to 12% of assets under management trapped, Circle adds support for Apple Pay, and BlockFi is preparing to file for bankruptcy.
Wednesday 11.16.22: Matt breaks down the latest Sam Bankman-Fried comments regarding FTX, Genesis suspending client withdrawals for lending arm citing 'FTX impact,' Ripple announcing a new partnership, and how many times Bitcoin has "died." The team gives a brief technical analysis of the markets and recognizes that Bitcoin has some meandering to do.
Thursday 11.17.22: Habib discusses the Fed and James Bullard's comments, initial jobless claims, retail inventories, and signs of a recession. Matthew Brienen describes El Salvador's decision to begin purchasing Bitcoin on a daily basis, a Twitter DM conversation with Sam Bankman-Fried, and the weekly USDC reserves breakdown. Matthew also provides a technical analysis of the markets and shares the potential best buying opportunity if you are looking to buy Solana.
Friday 11.18.22: Brienen cites how Bahamas regulators have now confirmed that they directed SBF to move assets, how BofA is neutral on Coinbase, and how many people are confusing Ripple and XRP. Decker discusses the basic fractional reserve banking cycle and the flaws in our current monatary system. Matthew provides a technical analysis of the markets and demonstrates a massive buying opportunity with Algorand.
