Probably the craziest weekend in crypto.
Here are 10 charts to visualize it:
1. Record-breaking DEX trading volume:
$27B on Solana, leaving ETH's $5B well behind.
Hey @cryptocom what's the hold up? 2 hours per attempt and the fail reason is "This user's withdrawal request has been failed directly on chain without incurring a fee." No response from support. ???
COINGECKO DATA BREACH - 1,916,596 CONTACTS STOLEN - WERE YOU AFFECTED?
- Following June 5th reports from @CoinGecko and @tether of a major data breach involving an email marketing company…
- … CoinGecko has now released an official security notice on the incident.
- The notice confirms that the breach arose from the ‘GetResponse’ email marketing platform.
- The breach originated from the compromise of a GetResponse employee’s account and a whopping 1,916,596 contacts were stolen from CoinGecko specifically.
- Though no phishing emails were sent from CoinGecko’s domain, a full 23,723 such emails were sent from another GetResponse client’s account.
Compromised Information:
- Users’ name (if provided during sign-up)
- email address
- IP address and
- Location of email opens
- account sign-up date
- subscription plan
“CoinGecko user accounts remain secure, and no passwords were compromised.”
- CoinGecko further clarified that affected users have been alerted of their compromised information via email.
Image: CoinGecko
BREAKING: Unrealized losses on investment securities for banks jumped to $517 BILLION in Q1 2024.
This is $39 billion higher than the $478 billion recorded in Q4 2023.
The surge was driven by higher residential mortgage-backed securities losses held by banks due to rising mortgage rates.
Q1 2024 also marked the 10th consecutive quarter of unrealized losses, an even longer streak than during the 2008 Financial Crisis.
As “higher for longer” returns, unrealized losses are likely to continue rising.
Did the banking crisis ever really end?
The US Economy Now Has:
1. 63 banks on the brink of default according to the FDIC
2. Over $500 BILLION of paper losses held by banks
3. Declining GDP growth with rising inflation
4. Over 50% of Americans believe we are in a recession
5. Lowest mortgage demand in over 30 years
6. A record $17.7 trillion in total household debt
How is this a "soft landing?"
Do less, profit more.
Most of you are trading way too much.
1. Journal your next 50 trades
2. Isolate the most profitable set up
3. Ruthlessly cut the rest and only focus on those
I promise. It WILL help.
The US bailing out Japan in an attempt to prevent them from dumping their US treasuries is a signal that you should be paying attention to.
https://t.co/fkfhHEQE2n
Challenging books make you smarter.
Tough problems make you more creative.
Hard drills make you more confident.
Difficult situations make you wiser.
Ambitious goals push you forward.
I bet 99.9% of people don't realize the Federal Reserve lent big banks $152 billion in March 2023 to postpone another banking crisis/recession because it was too soon.
The amount they lent was more than 2008 & 2020 combined.