GCR (GCRClassic)

Buying $ETH Currently, and Bought 5k in last 30minutes. (7m) .. Could be just converting funds in eth.

USDC > Back to 0.98.

congrats if someone played this from yesterday, bought the lows, or engaged in any arbitrage. I hope you liked the research/findings I sent since yesterday.

would suggest taking action and preserving your capital:
Time and tide wait for no man.
https://twitter.com/gcrclassic/status/1634654479931920390

The Federal Deposit Insurance Corp. and the Federal Reserve are weighing creating a fund that would allow regulators to backstop more deposits at banks that run into trouble following Silicon Valley Bank’s collapse.

Regulators discussed the new special vehicle in conversations with banking executives, according to people familiar with the matter. The hope is that setting up such a vehicle would reassure depositors and help contain any panic, said the people. They asked not to be identified because the talks weren’t public.

2008...

UK government seeks to use Middle East funds to buy UK subsidiary of Silicon Valley Bank...

Another Big Week Ahead (with the release of CPI and Core CPI data)

Next Week macro and Unlocks Calender. 13/17 | 2023

latest comments from US Treasury Secretary Yellen on the SVB collapse.. *expect some volatility by Monday

U.S. HOUSE SPEAKER MCCARTHY SAYS BIDEN ADMINISTRATION HAS THE TOOLS TO HANDLE THE SVB SITUATION / really?

march cumulative returns of tokens, having unlocks next week; (from calendar)...

Binance Futures Will Launch USDⓈ-M USDC Perpetual Contract with Up to 30x Leverage

$USDC

Regarding $APT (APTOS) unlocks

The upcoming unlocks are not very significant.

Until the 12th of November 2023, about one year after TGE.

Investors & core contributors will be able to claim their first unlock, creating a 12.3% supply shock if all those tokens enter into circulation.

Pain in crypto land.

Change in users over the last 24 hours across different crypto projects and platforms abroad. (counts onchain users)

tether txs chng ~ -30%
uniswap txs chng ~ -23%
usdc txs chng ~ -60%

opensea txs chng ~ +60%

the FED is currently in discussions regarding a potential bailout for the funds affected by the recent bank collapse.

This indicates that the FED is stepping in to provide liquidity, which may be the reason why the crypto market is stabilizing after the recent sell-off. We can expect to learn more about this situation within the next 24 hours.