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Crypto Hack
October 7, 2022 | Cryptocurrency exchange Binance temporarily shut down its blockchain network after hackers withdrew 2 million BNB tokens from a cross-chain bridge linking with its BNB chain. A cross-chain bridge is a tool that allows the transfer of tokens from one blockchain to another.
Sovereign Downgrade
October 6, 2022 | Britain’s aggressive package of tax cuts, paired with plans for large-scale borrowing, nearly crashed the country’s debt and currency markets before the Bank of England intervened.
Gimme Shelter
October 5, 2022 | Today, we'll discuss Elon Musk's agreement (for the second time) to buy Twitter, Micron's plans to invest billions in U.S. semiconductor production, Nasdaq delaying its cryptocurrency exchange plans, and our takeaways from Oaktree Capital's quarterly letter.
