Dropping my most extensive research piece on Worldcoin to date. With insider unlocks just 8 days away, I encourage you all to give it a read and stay informed.
BREAKING: WeWork, $WE, has officially filed for bankruptcy.
Less than 5 years ago, WeWork was worth nearly $50 billion and one of the hottest IPOs of all time.
The stock is now down 99.8% since its IPO and is officially below $1/share.
What a wild ride.
EVERYTHING IMPORTANT THAT IS HAPPENING THIS WEEK ( ALL TIMES IN ET )
MONDAY
NOTHING REALLY
TUESDAY
4:00 PM GOOGLE EARNINGS 💰
4:05 PM MICROSOFT EARNINGS 💰
4:05 PM VISA EARNINGS 💰
4:10 PM SNAPCHAT EARNINGS 💰
WEDNESDAY
7:30 AM BOEING EARNINGS 💰
10:00 AM BANK OF CANADA RATE DECISION 🇨🇦
10:00 AM NEW HOME SALES 🇺🇸
4:05 PM FACEBOOK EARNINGS 💰
4:35 PM JEROME POWELL SPEECH 🇺🇸
THURSDAY
8:00 AM MASTERCARD EARNINGS 💰
8:15 AM ECB RATE DECISION 🇪🇺
8:30 AM Q3 GDP NUMBERS 🇺🇸
4:00 PM AMAZON EARNINGS 💰
4:00 PM INTEL EARNINGS 💰
FRIDAY
6:15 AM CHEVRON EARNINGS 💰
6:30 AM EXXON MOBIL EARNINGS 💰
8:30 AM PERSONAL SPENDING DATA 🇺🇸
10:00 AM CONSUMER SENTIMENT 🇺🇸
Balancer Defi liquidity protocol UI has been phished.
Do not interact with https://t.co/mXh6MGJgxb until further notice. The URL has been phished.
How is a website phished? Lets unpack.
1. Web2 front ends are unsafe, period. When you click on a Web2 URL you are being directed to a webserver by DNS, or Directory Name Service. This open protocol is 30 years old and is easily hacked to send you to a "wrong" webserver. Newer Web3 onchain DNS is on the way which will solve this and store paths on chain. False DNS entry attached below. This entry directed users to the hackers version of the UI and is still in effect.
2. The hacker makes a user interface that looks exactly like the one you expect to see, in this case Balancer. However, their version. of the UI is malicious, and it pops up a message, "Need to switch networks, please approve transaction" in your Metamask. This is literally one line of Web3 code.
3. When you click consent, you are acctually consenting to have your funds sent to the hackers wallet.
How do we know if a Web2 UI is the real UI?
Short answer: Not easily. Unless the project like Balancer has implemented products or code to verify the DNS is correct every time, you cant tell. This is why you integrate monitoring for security reasons as best practice.
What do we learn? NEVER CLICK CONSENT on a transaction you did not initiate.
Hacker address : 0x645710Af050E26bB96e295bdfB75B4a878088d7E
Funds stolen to date:
https://t.co/zom3bjV9wW
#balancer
#phishingAttack
#DeFi
15 years ago today, $680 billion asset manager Leham Brothers collapsed, triggering a recession in the US known as the 2008 financial crisis.
To this day, it remains the largest bankruptcy filing in US history.
Update on FTX Bankcrupcy:
@GalaxyDigital is handling OTC sales of @FTX_Official assets as we speak. Here are a few $MATIC sales yesterday to Coinbase and Kraken.
2m $MATIC sold to @coinbase
1m $MATIC sold to @krakenfx
Coinbase paid in $1m of $USDT to FTX.
Kraken paid in 500 $ETH to FTX.
Im following every transaction as we go through the liquidation. No assets will hit the open market. Stop the FUD.
OTC stands for Over The Counter. This means the exchanges are trading the inventory between each other and it does not go through order books and influence the market.
Look at the algos in $PERP right now. See the flush wick to clear all the 100x 50x and 25x longs. The pools are cleared. Price is controlled by the algos.
Mortgage applications to buy a house are now lower than back during the post real estate recession GFC time period of 2009 to 2015.
That impacts many different job categories. Real estate agents, home inspectors, mortgage brokers, all of the loan processing employees and many other job that are now in a deep recession.
I saw one stat that there are more real estate agents with active licenses than there are listed properties on the market. I am not sure if that one is true, but it wouldn't surprise me.
Credit on the chart to Reventure Consulting.