🍿👀 #BUSD Summary

- As a result news traders moved their stablecoins in and out of the asset. BUSD price decreased. This is something to keep an eye on if the SEC litigation really starts to gain momentum.

- The surge in supply of BUSD on exchanges has seen its current ratio, 58.9%, returned to its highest level since December 22, this usually happens when the crowd has the intention to get rid of the asset.

- Addresses containing between 1,000 and 10,000,000 BUSD have dropped $602.38 million in aggregate since Dec. 13. In the last day the news broke, they dropped $207.49 million. This is an astonishing level when the other three stablecoins (#USDT, #USDC, #DAI) are showing large accumulations of holders.

- Binance Coin (#BNB) was also hit hard, dropping 8.2%. BNB is currently experiencing the most negative week of crowd sentiment since July 2021. #in focus

🇺🇸👀 Initial Jobless Claims 194k

Philadelphia Fed Manufacturing Index (Feb) -24.3(pre -8.9)

Producer Price Index (PPI) (MoM) (Jan) +0.7% (before -0.4%)

#in focus

🍿🇺🇸 #in focus in 5 minutes:
GDP in 4Q 2022

Initial Jobless Claims

🍿🇺🇸 Q4 2022 GDP +2.7% (exp. +2.9%)

Initial Jobless Claims 192 thousand

#in focus #macro

⚠️🍿 Today at 16:30! Nonfarm payrolls (number of non-agricultural jobs in the US) and unemployment rate.
#in focus

🍿👀 #SIVB SVB is one of the top 20 banks in the US (-80% in the last 3 days) that offers crypto services to various venture capitalists such as Sequoia and a16z

93% of SVB deposits of $161.9 billion not insured

The 4 largest US banks lost $52 billion in capitalization after the fall of Silicon Valley Bank shares by 60%.
wsj.com

Investors sell shares of US banks due to Silicon Valley problems
ft.com

SVB was considered one of the fallback options for industry participants affected by the Silvergate collapse.
coindesk

CNBC: Wall Street finds it unlikely that SVB troubles will spread widely across the banking system

JPMorgan: Some of the services provided by Silvergate will be migrated to Signature Bank, Provident Bancorp, Metropolitan Commercial Bank and Customers Bancorp.
coindesk

Shares of Signature Bank fell 12%. The banking sector as a whole fell another 4% today

#in focus

🥳👀 Several top venture capitalists jointly stated: In case SVB will be acquired and appropriately capitalized, we will provide strong support and
we will call on our portfolio companies to resume banking relations with them. #in focus

🍿👀 #COMP Due to #USDC Compound v2 volatility, Pause Guardian has temporarily disabled USDC supply transactions in Compound v2. Users can still borrow, redeem and withdraw USDC normally. Compound v3 has an updated risk management engine and runs smoothly. #in focus

👀 Bank of London is considering acquiring a subsidiary of SVB UK.
#in focus

Since 2022, the Fed has been pumping out cash reserves from small banks faster than from large banks.

Small banks have already returned to the cash levels they achieved during the repo surge in 2019, but the big banks have not yet.
#in focus

🏦🇺🇸 Fed and FDIC discuss support measures to keep SVB savers safe and allay contagion fears: Source
#in focus cnbc

🍿👀 Signature Bank was transferred to the management of the US FDIC, all depositors will be compensated coindesk

👀 Coinbase: $240 million cash in Signature

👀 Paxos: $250 million in deposits at Signature Bank, deposit insurance in place
twitter #in focus

🍿👀 tZERO: Signature has no business impact, FDIC has transferred all Signature Bank deposits to Signature Bridge Bank, NA, a full-service bank to be managed by the FDIC. #in focus
twitter

🏦👀 First Republic Bank (#FRC) said it has further strengthened and diversified its financial position through access to additional liquidity from the Fed #in focus
businesswire

📉 Deutsche Bank plunged 15% today after a spike in credit default swaps with other European banks including Commerzbank and Barclays, which fell by about 8%.
#in focus

🇺🇸👀 Reporting season, today:

#SQ Block - 23:05 Moscow time
#COIN Coinbase - 23:10 Moscow time
#AAPL Apple - 23:30 Moscow time

Morgan Stanley: Apple is expected to announce during today's quarterly report that it is adding $90 billion to its buyback program and increasing its quarterly dividend by 5% to $0.24 per share. #in focus

🇺🇸 #macro #in focus Today's financials after the close of trading in the US:
#GOOGL Alphabet 23:00 Moscow time
#V Visa 23:05 Moscow time
#MSFT Microsoft 23:05 Moscow time

🇺🇸 #macro Today's reports #in focus:

#MA Mastercard at 15:00 Moscow time
#INTC Intel at 23:00 Moscow time

🇺🇸 Data:
Initial Jobless Claims at 15:30 Moscow time
KC Fed Manufacturing Index (July) at 18:00 Moscow time
GDP (Q2) (prev) at 15:30 Moscow time
Fed balance sheet at 23:30 Moscow time

🍿👀 #ETF #macro Busy week:

According to Bloomberg Intelligence, The US SEC is expected to respond to ETF filings from Bitwise, BlackRock, VanEck, WisdomTree and Invesco right before Labor Day weekend. Regulators may reject, approve or defer. The Bitwise application will be reviewed by Friday, and the rest should be reviewed the next day.

Potential Solution Grayscale vs. SEC #GBTC

🇺🇸👀 As well as important macro events.
Today: The number of open vacancies in the JOLTS labor market (July) at 17:00

Wednesday: ADP Nonfarm Employment (Aug) at 3:15 pm
GDP (Q2, prev) and PCE Prices (inflation, Q2, prev) at 15:30

Thursday: Initial Jobless Claims and PCE Price index (inflation, July) at 15:30

Friday: Non-Farm Payrolls and Unemployment for August at 15:30

#in focus

🥳 #Comp #PERP #UXLINK #IN COINBASE International Exchange 🛡️: OUR #Comp- #PERP, #UXLINK- #PERP, And #ath- #Perp Markets Will Enter Halt Mode on Coinbase International Exchange and Coinbase Advanced. Users Cance and Cancel Limit Orders, But There Will Be No Matches. The Markets Will Remain In Halt Mode for a Minimum of 1 Minute. Twitter #announcement @CryptoAttackBot #Coinbase