le block-iste

$LDO claims 15% of all $ETH supply is being staked. Dune Analytics says 31% of all staked $ETH has been done through the $LDO protocol, $STETH. Other LSDs on the $ETH mainnet include $rETH by #RocketPool #SETH2 by $SWISE. Add to that $FRAX's #sfrxETH and $COIN's #cbETH.

@richfalkwallace The Man Who Solved the Market, How Jim Simons Launched the Quant Revolution by Gregory Zuckerman and Jack Welch the GE Way by Robert Slater could be on this impressive list.

The best business biographies of all time: “Invention” (James Dyson) “Sons of Wichita” (Koch Brothers) “The Everything Store” (Amazon): “Elon Musk: Tesla, SpaceX” “Alibaba: House Jack Ma Built” “The Prize” (Oil) “Steve Jobs” (Isaacson) “Wizard of Menlo Park” (Edison) “Chip War” (Semis industry) “Titan: The Life of Rockefeller” “Grinding it Out” (Ray Kroc) “Sam Walton: Made in America” “Man Who Solved Mkt” (Simons) “The House of Rothschild” “Call Me Ted” (Ted Turner) “Amazon Unbound” “Andrew Carnegie” “Only Paranoid Survive” (Grove) “Dream Big” (3G founders) “Business Adventures” “Power Play” (Tesla & Musk) “Walt Disney” “Shoe Dog” (Phil Knight) “New New Thing” (Jim Clark) “Empire” (Howard Hughes) “American Rascal” (Jay Gould) “Man Who Owns News” (Murdoch) “Bloomberg by Bloomberg”

Crypto giant Binance resumes withdrawals and spot trading after glitch caused outage tcrn.ch/3lCaCJg via @techcrunch

Market laggard $IWC is losing the battle here, could see a fresh leg lower for micro caps. On the other end tech vs financials $XLK / $XLF ( growth vs value) reveals tech leadership rebounds to Nov 2020 levels.

So forward guidance: "members no longer anticipate ongoing rate increases will be appropriate...now anticipate some additional policy firming may be appropriate." Dot plots confirm one and done. Mkt reacting to possible regulatory supervision change and Yellen walk back.

"Heightened financial market volatility has not altered the Fed's resolve to hike in December," said Ellen Zentner, $MS chief US economist of Nov 2018 Fed decision to leave rates unchanged. Treas. Sec. Yellen's small bank backstop may have helped the fed put on this go round.

@richfalkwallace Burton G Malkiel's A Random Walk Down Wall Street and Ashvin B. Chhabra's The Aspirational Investor could make this list, on a " alternatively.... "

The best hardcore investing & finance books: “Distressed Debt Analysis” (Moyer) “The Snowball” (Warren Buffett) “Competitive Strategy” (Porter) “The Alchemy of Finance” (Soros) “Outsiders” (CEO value accretion) “Fooling Some of…” (Einhorn) “The Vulture Investors” “The Most Important Thing” (Marks) “Damn Right” (Charlie Munger) “Fatal Risk” (AIG history & downfall) “Investment Valuation” (Damodaran) “House of Cards” (Bear Stearns) “Red Notice” (Bill Browder) “Margin of Safety” (Seth Klarman) “Stock Market Genius” (Greenblatt) “One Up on Wall Street” (Lynch) “Principles” (Ray Dalio) “King of Capital” (Blackstone) “More Money Than God” (HF history) “Barbarians at the Gate” “The Big Short” “When Genius Failed” (LTCM) “The House of Morgan” (JPM) “Too Big to Fail” (Sorkin) “The Smartest Guys…” (Enron) “King of Oil” (Marc Rich / Glencore) “Hedge Fund Mkt Wizrds” (Schwager)

How Finma milked Credit Suisse’s CoCos to close UBS deal risk.net/7956301

New York Community Bank Will Acquire Signature — But Not Crypto Holdings blockworks.co/news/new-york-… via @blockworks

Banks and bank holdings (Russell 3000 Index) total assets >20B best return on avg assets. (15yrs) $AXP $DFS $OZK $RJF $SF $HOMB $PB $USB $CBSH $COF

$gold above 2K $USD/OZ $BTC solidly above 28K. Asia stocks fall after $CS arranged takeover, oil futures sink. Rolling bank failure risk persists. Fed decision function will have to account small and mid banks are 60% residential lending 80% commercial and 46% consumer lending.

US regional banks hold smaller proportion of high quality assets risk.net/7956239

Runs and Panics: Lessons from The Past investoramnesia.com/2023/03/19/run…

Hard pivot higher on the 10-2s spread. Fastest pace since the GFC. Pressure on stocks(overall) would historically take place once spreads widen again. Mkts expecting benchmark rates up to 5.25%- 5.5% next week. It's financial conditions driving the bus now, not data dependency

Bitcoin Mempool Surges Point to New Life for World’s First Blockchain blockworks.co/news/bitcoin-m… via @blockworks

EU financials follow US bank stocks down after having held up reasonably well, $CS announced it finds "Material weakness' in financial reporting for '22 and '23 will not have subsided the pressure on the sector.

Crypto bank Silvergate's 'collywobbles' could add to industry's woes tcrn.ch/3TiniBH via @techcrunch

For startup competition, SVB’s nightmare is a win and a dare tcrn.ch/3Fe7ZUO via @techcrunch

As US equities close out a down week, Euro stocks have fared rather well for some time now. All things equal ( monetary policy alignment), it seems the $USD might be a factor over here.

Discord updates its bot with ChatGPT-like features, rolls out AI-generated conversation summaries and more tcrn.ch/3J5DjWC via @techcrunch