#330

New York is up to its old tricks

19 October | by

🚔 Hey Moni Maker

Today, in 1987, was Black Monday. It was the day of the most significant drop in the Dow Jones Industrial Average in its history, 22.6%. The exciting thing is that there was no apparent reason for the collapse, and the news background was relatively calm...

That's because there was no Digest in 1987. After all, Digest is watching the world very closely to tell you about it. Let's go!


1

NYAG. WaTaF*ck?!

Here we go again

New York Attorney General Letitia James ordered two “unregistered crypto lending platforms” in the state to cease all operations, while demanding that three others hand over information about their operations to her office.

“Cryptocurrency platforms must follow the law, just like everyone else, which is why we are now directing two crypto companies to shut down and forcing three more to answer questions immediately,” James said in a press release.

The New York Attorney General did not name the crypto lenders in the release, and the names of the companies were redacted in the accompanying letters. However, one of the letters bears the filename “Nexo Letter” while the other is called “Celsius Letter,” suggesting that Nexo and Celisus Network are two of the companies being targeted by the NYAG. At the moment, it remains unclear which other three crypto lenders are being investigated.

So what?

Leticia was one of the iconic figures in the case against Tether. After all, it was with her arrival that the pressure on USDT intensified. Good luck, guys!


2

Stablecoins rock the ship!

rebels!

Fitch Ratings, a credit rating agency and one of the “Big Three” credit rating agencies—flanked by Moody’s and Standard and Poor’s S&P—has warned that stablecoins may affect the securities markets.

“Fitch Ratings believes stablecoins that approach a systemically important scale could come to play an important role in short-term securities markets, such as commercial paper, while bringing new risks to these markets,” Fitch Ratings said today.

Fitch Ratings went on to add that “stablecoin-related turbulence” could disrupt the commercial paper market, as well as “transmit shocks to other market participants.”

TURBULENCE. Please ask passengers to put masks on themselves first and then on their brokers!


3

Glassnode, interest +107%?!

HODL is my world

As bros from Glassnode report, Bitcoin Options volume and open interest have exploded higher over the month of October.

Open interest is up an incredible +107% ($6.3B) since the September lows.

To.The.MOON.


4

I trade with ETF. I am cool thank you

ProShares yeeah

ProShares will launch a bitcoin futures exchange-traded fund (ETF) that will start trading on the New York Stock Exchange tomorrow, the company confirmed in an SEC filing on Monday.

This Saturday we were happy the SEC approve the first Bitcoin ETF.

Btw, Dan Morehead, the CEO of Pantera Capital thinks ETF can be in the way of bull run...

Ladies and Gentlemen, any ideas?


5

Success Story: From $2k to $48m

What about your portfolio?


User 0xd0n decided to share his success with the Twitter streets.

1) "Started with $2k in 2020

October 2021: $ 48M"

2) "2016-2017 - I earned less than $800 a year

2017-2019 - I could earn $1500-2500 per year

2020-2021 - Thanks to this market, I earned 48M in a year"

So what?

Let's discuss this topic in the chat? Share your success cases! Or your failures. No matter :)


6

Glossary word

Learn, learn, learn!

Ledger is a hardware physical wallet for storing bitcoins and other cryptocurrencies.

And more you can find in our Glossary!


7

Meme of the Day

ha-ha-ha!

And you...buy Bitcoin! (it's a good time!)


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