Today's crazy news award goes to:

A teenager who stole a dollar from his neighbor’s truck has been placed on six months’ probation and ordered to perform 50 hours of community service.

Where? Bahamas 😂

Where's that person who screwed million of people and billions of dollars? Bahamas 😂

https://ournews.bs/photo-template-clone-me-2/

There's an interesting saying in banking industry. If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.


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Binance $1B SAFU insurance fund split:

BNB: 44%
BUSD: 32%
BTC: 24%

All sitting on-chain.

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WSJ (Wall Street Journal) trying to show SBF in positive spotlight.

Elon: WSJ giving foot massages to a criminal

https://twitter.com/elonmusk/status/1595889743958798336

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Crypto-Twitter trolling WSJ with meme's.

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Binance taking Proof of Reserves to the next level. They just released PoR system and it definitely is impressive.

If you own BTC on Binance, click this link, input your wallet address and check the 'proof' of funds: https://www.binance.com/en/my/wallet/audit.

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Network Fees -

Bitcoin fees reached their highest since July, with the number of daily active addresses climbing to the second highest level in 2022.

Ethereum fees, on the other hand, dropped to a two month low as market conditions calmed down.

Exchanges Netflows -

$2.1B worth of BTC flowed into exchanges over the past seven days, with Binance recording its highest daily inflows ever on Friday (123k BTC).

Half a billion worth of ETH left CEXs this week, down from $1.5B in the previous week.

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AIP 21 and AIP 22 community proposals set standards for the much anticipated ApeCoin staking. The ApeCoin staking protocol, developed by Horizen labs, will go live on December 5 2022.

https://www.cryptopolitan.com/why-is-apecoin-going-up

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SBF everytime a user deposits funds to FTX.

Prada presents the new Timecapsule NFT Collection. Each drop is linked to both a limited edition physical product and a gifted NFT.

For drop #36, Prada Timecapsule presents a limited-edition sweater that combines fine materials and iconic motifs related to the holiday season reinterpreted with a modern twist. Characterized by a minimal version of the typical Scottish Fair Isle pattern in jacquard, the merino wool design is enhanced by a textured effect that recalls the delicate falling of snowflakes.

https://www.prada.com/hk/hk/pradasphere/special-projects/2022/prada-timecapsule.html

Who's buying?

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Metamask collecting user IP addresses has been a buzz over the past few days.

Joseph Lubin, Founder of ConsenSys and developers of Metamask clears the air in this thread: https://twitter.com/ethereumJoseph/status/1596198718339948552

Tl;dr: MetaMask does not collect IP address but the middleware used by Metamask, Infura, requires this information to process the transaction and communicate back to the transactors. Infura on the other hand is pursuing technical solutions to minimize data collection, including anonymization techniques and complete elimination of data collected.

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CZ: After seeing how some old-school media cover recent events, I am more bullish than ever on Twitter and Crypto.

We bottomed?

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Now you can check which RPCs track your IP on chainlist!

- Green: Doesn't track IP
- Orange: Limited tracking
- Red: Tracks IP
- None: No definitive statement

Example: https://chainlist.org/chain/1

You can hover over the color badges for more information on the exact terms.


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Sam Bankman-Fried, the CEO of FTX, donated over $70 million in customer funds to politicians for midterm elections.

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Goldmansachs 2023 outlook:

US Stocks are Forecast to Have Less Pain but No Gain in 2023.

The Bear Market in Global Stocks is Forecast to Get Deeper in 2023.

2023 Europe Outlook: Milder Recession, Higher Terminal Rate.

Asia Views: 2023 Outlook: Inflation Peaks and Growth Troughs.

Macro Outlook 2023: This Cycle Is Different:
Global growth slowed through 2022 on a diminishing reopening boost, fiscal and monetary tightening, China’s Covid restrictions and property slump, and the Russia-Ukraine war. Goldman Sachs Research analysts expect global growth of just 1.8% in 2023, as US resilience contrasts with a European recession and a bumpy reopening in China.

2023 US Economic Outlook: Approaching a Soft Land:
The key macroeconomic question of the year has been whether inflationary overheating can be reversed without a recession. Analysis from Goldman Sachs Research economists suggests that the answer is yes—an extended period of below-potential growth can gradually reverse labor market overheating and bring down wage growth and ultimately inflation, providing a feasible if challenging path to a soft landing.

Full reports can be read here: https://www.goldmansachs.com/insights/pages/2023-outlooks

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Bitcoin price follows slide in Asia equity markets amid growing China protests against Covid-19 lockdowns.

Reports of civil disobedience, protests and clashes with the police in cities and universities in China are unnerving financial markets in Asia.

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Crypto Lender BlockFi Filing for Bankruptcy and Conducting Major Layoffs as FTX Contagion Claims Another.

https://decrypt.co/115744/crypto-lender-blockfi-files-bankruptcy-ftx-contagion-claims-another

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Texas wants to be the centerpiece of Bitcoin innovation, says Governor Abbott.

Texas Governor Greg Abbott sees value in what Bitcoin means to the entire world, adding that his state “wants to be the centerpiece of that.

https://cryptoslate.com/texas-wants-to-be-the-centerpiece-of-bitcoin-innovation-says-governor-abbott/

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Financial giant Fidelity has officially opened retail Bitcoin and other crypto trading accounts.

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