242 Exchange Invest Weekly Podcast April 27th, 2024
This week in the parish of bourses and market structure:
CBOE Flings A Gauntlet,
Is Blue Ocean The Tide Towards 24-Hour Trading?
And DB1 Posts a Good Q1
Another One Bites The Dust
“Another One Bites the Dust” from the legacy exchange world as a great victory for the crypto kiddies but I fear it underlines the view of ICE’s Chris Edmonds last year...
Sorry About The “4:FUD!”
CZ finds himself writing letters of apology to the court. He could motivate a thousand or more braying donkeys to support his view with a de minimis Twitter cri de coeur of “it’s 4:FUD!
Code Isn’t Law (& Other Crackdowns)
...there’s the death of the code defence which is quite a big deal as “code is law” has been a keen argument of exponents of DeFi and / or smart contracts.
Chasing the Celebs
A class action suit is eager to have SBF help them pursue the various celebs/influencers who eagerly grabbed dollars from FTX...
Half-Time Report
So the BTC halving has happened and now the acolytes expect nothing more than a staggering bull market.
Distributed Floods
As a debate rages that it was not coincidence, bad luck or just over zealous cloud seeding which let loose a torrent of rain in the UAE this week, some say it was global warming.
Fundamental Profitability Issues
In the world’s most famous crypto bankruptcy, Cyprus Keeps FTX Europe License Suspended Until September (Cointelegraph) / Another Extension: CySEC Suspends FTX EU's License Until September (TradingView).
FTX’s Toxic Legacy
In a whoops nasty moment: FTX Controversy Derails Top Law Firm's Bid For Binance Role (Bloomberg). Due to the complaints heaped upon it by SBF and thus the risk some of that may stick on appeal. Sullivan & Cromwell have not been given a key Binance oversight role by the US DOJ it seems.
Energy Crunch
Way back when data centres became a pivotal force in managing market infrastructure and indeed broader finance as a whole.
COIN Tries Again
It’s another round of appeals for COIN as the winners in the crypto economy remain the lawyers: Coinbase Asks To Appeal Part Of Case Against US SEC (Reuters) as it seeks to stop the SEC asserting the Howey Test and securities law over, er, securities like cryptocurrencies.
T+1 is Salame’s D Day
Salame (apparently pronounced “Salem” - make of that what you will) will now have his D-Day with sentencing on the day stock markets move to T+1.
240 Exchange Invest Weekly Podcast April 13th, 2024
FEX Global Offer Puts Australia In Play,
NASDAQ Seeks A New Formula For The Cloud, There's Talk Of Approval For An NSE IPO, Gary Gensler’s Green Zeal Is Postponed, LSE Investors Launch An ODD Pay Revolt, & US T+1 Is Looming In <30 Working Days
Back in God Mode
Binance had roots in Malta but as we know when regulation had to be complied with, the exchange was long gone.
Trying to Reset
Vendor Sui Network specifically discusses their work with the Athens Stock Exchange.
