FTX survivors: who made it out alive

⚖️ FTX survivors: who made it out alive?

Plus: A banana that prices greater than a home

GM. Craving one thing candy? The Each day Squeeze delivers a fruit bowl of crypto updates – all-natural and easily scrumptious.

⚖️ FTX co-founder Gary Wang will get no jail time.

🍌 Justin Solar buys a banana taped to a wall for $6M.

🍊 Information drops: NVIDIA drops their Q3 earnings report, scammers pretending to be Coinbase earn 1000’s each week + extra

🍍 Market taste right this moment

The market’s received that sh*t’s about to go down vibe, and actually? We’re right here for it 😎 The Worry and Greed Index is flexing at 82 – nonetheless in Excessive Greed zone. Bitcoin’s getting tremendous near $100K, teasing us prefer it is aware of it is the focal point.

All eyes are glued to that six-figure line, and let’s be actual – $100K is not only a milestone; it is the headline. If BTC lastly breaks previous it, you already know what’s coming: a flood of recent FOMO. However there is a draw back: when too many individuals pull up chasing the hype, issues are inclined to snap again laborious.

As for now, BTC ETFs are doing the heavy lifting to chill off the sellers, pulling in $773.4M simply yesterday.

And whereas we’re nonetheless ready for that $100K confetti drop, the analysts at Bernstein are already eyeing the following chapter. They dropped a 160-page banger on why they assume Bitcoin’s going to $200K by the tip of 2025.

As Shakira stated, these charts do not lie (or one thing like that, I do not bear in mind too effectively) – huge issues are brewing, and it is only a matter of when, not if 🚀

💀 Horror guidelines, damaged

All my fellow horror film junkies know the golden rule: if you happen to and your folks are partying within the woods and come across some creepy cabin with “Enter if you happen to hate staying alive” written on the door, what do you do?

You stroll in, duh (traditional 9000 IQ transfer), however you just remember to’re not the primary or final one within the line. Center crew at all times has the perfect odds.

In crypto, arguably the scariest film was the FTX collapse. However in relation to the FTX exec authorized saga? That golden rule someway didn’t apply. Lemme break it down for you.

The principle character right here, ex-CEO Sam Bankman-Fried, walked into the court docket first. Massive mistake, bro – he is now gonna spend 25 years in jail.

Then we have the center bunch: Ryan Salame and Caroline Ellison, who scored 7.5 and a pair of years, respectively – not nice, nonetheless method higher than SBF’s destiny.

Nishad Singh, who was fourth in line, walked out with time served and three years of supervised launch. In comparison with the others? Dude virtually received a participation trophy.

However this is the place the horror trope will get twisted: Gary Wang, FTX co-founder and our last-in-line man, fully dodged jail time. That is ‘trigger, apparently, he is been very cooperative with prosecutors and did not know concerning the fraud till method later.

Now that I give it some thought, this aftermath remains to be giving horror film, however extra so the ultimate lady storyline. Besides as a substitute of a operating by way of the woods lined in blood scene, we get Gary Wang quietly strolling out of court docket free.

🍌 Artwork world’s going bananas

Some smaller works by legendary artists like Pablo Picasso, Claude Monet, or Vincent van Gogh may very well be value round $6M.

what different artwork piece is value that a lot? A. F*cking. BANANA. TAPED. TO. A. WALL.

I do contemplate myself considerably of an artwork enjoyer, however man, what kinda Minion stuff is that this.

The artwork piece, known as Comic, was created by Italian artist Maurizio Cattelan. Again in 2021, he claimed that this banana masterpiece is not some sort of joke however “a honest commentary on what we worth,” and that its place within the high-art world feels just like the public sale home is stirring issues as much as “hold the present alive.”

Justin Solar, the man behind Tron, was the one who purchased this piece in a Sotheby’s public sale for $6.2M. His take: “This isn’t simply an art work; it represents a cultural phenomenon that bridges the worlds of artwork, memes, and the cryptocurrency group.” Bro, it is a banana.

And the tomfoolery would not finish there. what Solar additionally stated? He is gonna…

Eat it.

And now I am sitting right here. With at the least two bananas in my kitchen. And I understand that, really, I am the fool – if I might used 100% of my mind, I might be a millionaire now.

So, uh… anybody wanna purchase a sock in a body? It represents loneliness and the heartbreak of dropping a beloved one (the opposite sock within the dryer)… Anybody?.. Please?..

🍋 Information drops

🚀 NVIDIA dropped some wild numbers for Q3 – a 94% year-over-year bounce. Why’s that related? Properly, they’re principally the vibe verify of tech/AI, and the hype might spill over into crypto.

🎬 Netflix is dropping a doc on the notorious Bitfinex hackers, Ilya Lichtenstein and Heather Morgan, known as Largest Heist Ever. Mark your calendars – it will be out on December 6.

🚨 Scammers out right here residing their finest lives, pulling in tens of 1000’s of {dollars} each week pretending to be Coinbase help. Their play? Dropping faux alerts about canceled password change requests and sending dangerous hyperlinks.

🎶 Grammy-winning artist Imogen Heap teamed up with Jen, an AI music platform, to drop two new instruments. One helps you to create tracks infused with the signature vibes of your favourite artist or producer, whereas the opposite is an AI voice mannequin educated on Heap’s personal vocals.