UnfazedBlob 🏴☠️
159 posts
@sternumETH
Ξ Eveyone's asking where's the lamb sauce but no one ever asks how's the lamb sauce... Ξ Just up 🌚 Bing bong 🇨🇭
Trump’s tariff equation is nonsense, says @johnauthers. Here’s why 🎥
The new ‘Loopring Vault’ product releasing shortly will launch Loopring to being a real CEX-alternative for users who want to remain self-custodial + secure (not having to deposit funds to a centralized exchange) Imagine trading margin/leverage + going long or short on all sorts of tokens that are normally available on CEXs, but not normally available on Ethereum (BTC, BNB, SOL, XRP, ADA, DOGE, AVAX, WLD, anything really) Imagine being able to do this through your self-custodial wallet (baked into Loopring mobile wallet or connect your EOA to the Loopring DApp on web) Imagine having the exact same liquidity on all of these coins that you’d get on a top CEX, but getting it served to you instead through self custody on Ethereum Imagine it being available on every network on ethereum (multi-network) - wherever users are This is the new Loopring Vault and it’s coming very soon to Loopring L2 and then every other Ethereum network after as we go Multi-network Now in internal testing on web and mobile Stay tuned🫡
Morgan Stanley was just fined $249M by the SEC: They were leaking information about pending block trades, resulting in higher profits for the bank and poor execution quality for the institutions executing the blocks. It reminded me of this study done by Liquidnet back in 2015 or 2016: While Liquidnet focused on Canadian block trading it's clear that the same thing holds true in the US based on this Morgan Stanley case. Look at the difference when executing a block on Liquidnet Canada versus brokers like Morgan Stanley: This extremely large table includes Morgan Stanley and shows clearly that they're not alone in disadvantaging block trades. Are there more enforcement actions to come from @SECGov? Let's hope - this one included barring the main guy from the securities industry, so not just a cost of doing business here, along with criminal referrals to SDNY (although those resulted in deferred prosecution agreements).
BREAKING: U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading.
Credit Suisse Group rating downgraded by S&P reut.rs/3wlPLg3?slideI… via @Reuters My thoughts after the Archegos Scandal (and the 99999 other scandals Credit Suisse has been in): @UBS will absord (M&A) @CreditSuisse in the near term. You heard it here first
Looks like SVB held $120b in securities but basically didn't hedge their interest rate exposure. That's totally crazy. No wonder they failed.
@LynAldenContact Bullish on bank stocks ? Really ? Might want to have a listen at the @FDICgov Systemic Resolution Advisory Committee held on November 9th 2022: European Clearing Counterparties at risk of going under. If so, contagion will be unstoppable.
