🧠 ALERT! The one thing that could send crypto to hell.

GM Seedphrase Nation 👋 Wake up and smell the coffee: we have a whole week of crypto memes to get through. 

Today's Agenda 📓: 

• 🧠 Crypto may get forced down to new lows. 

• 💭 What to expect after Midterm elections on Tuesday. 

• 🤝 Bullish news for SOL over the weekend.

🚨 The one thing that could send crypto to Hell.

If you've been waiting for 10K BTC, this might be your chance. 

HUGE DUMP: Binance is liquidating its entire position in FTX tokens, resulting in $2.1B of $FTT and $BUSD dumped back into the market.

(If you don't fee like reading: watch this video breakdown)

👉 It's because the math is not math-ing.

Almeda Research, a titan trading company owned by FTX, sent investors in a frenzy because of their balance sheet.

It's been revealed they have $14.6B of assets against $8B of liabilities. At least half of their assets are illiquid, meaning they are anything but ca$h money. 

The total market cap of $FTT is $3.35B, and much of their assets are tied to volatile tokens like MAPS, OXY, And FIDA. So half their assets are… 

Almaeda holdings:

$FTT - $3.66b 

$FTT collateral - $2.16B 

$SOL - $292M

Locked $SOL - $863M

USD - $134M

Equity securities - $2B 

If the prices of these coins go down (which they probably will), Almaeda will be left holding a hot bag of sh*t.

CZ speaks. 🗣

Half a billion $FTT was transferred from one wallet onto the Binance Exchange over the weekend. Likely, this was a Binance wallet.

History repeats itself: CZ says this is a risk management strategy after learning from prior mistakes. When the infamous $LUNA crashed, Binance was like Nick Cannon. They didn't pull out. That turned their $1.6B investment to under $3K.

His Official Tweet: 

Whales are withdrawing their funds from FTX like HOT CAKES:

News->Markets 👇

There was a massive dip in $FTT from news of the sell-off.

Remember that all these red flags were similar in another crash. Not too long ago, Celcius had gone insolvent because their money was locked in assets they couldn't sell. 

Smells fishy. 👃🐟

If FTX truly has liquidity issues that lead to bankruptcy, it could crash the whole market. We've had a little hope with the recent pump, but one of the biggest exchanges going under could lead us to sub $15K.

⚜️Golden Nugget: If you're trying to be safe, move your money out of FTX. 

If you're feeling spicy, look for a short position on $FTT. 😉

💭 No politics, just markets.

On Tuesday, November 8th its the democrats vs. the republicans. 

Blah, blah, political talk. Here’s what you actually want to know.

What happens when a side wins? 

🔵 If Democrats take the W: Don't expect much to change in the current state of the markets. They'll remain stagnant as they have had majority in the house and senate. We have seen the result of their policy for the last two years.

🔴 If Republicans take the W: There's a good chance the markets will see a pump in anticipation of a more relaxed monetary policy and loosening rates. 

How elections will affect the markets. 👇

• Historically, stock markets performed better after the midterm elections in the 4th quarter, jumping to 8%.

• Pressure for ease in regulation enforcement, easing their aggressive posture against crypto firms.

📚 This article does a great job of breaking it down. 

⚜️ Golden Nugget: If republicans win, there will be a small pump in the market. 

📈 All the bullish SOL news that happened over the weekend.

Google Cloud became a Solana validator.

• Google cloud computing is running a validator on $SOL and will add features to help Solana Developers and node runners.

• The google Blockchain node engine also provides ETH support already.

• Google Cloud will index $SOL data and add it to its data warehouse, making it easier for developers to access historical data.

• $SOL is getting a massive facelift with this partnership as they have had issues with the network going down.

• With more validator nodes running, they will have a more secure and efficient network.

Beeple bringing NFTs to Solana

• The world's best-selling NFT artists will branch from ETH to SOL via Metaplex and Render Network.

• At Solana's Breakpoint conference in Lisbon, he announced that his collection, the Enfant Terrible, is going on Solana (more details to come).

• The clues dropped to indicate that users can create their own unique NFTS with a Beeple every day and randomize a set of objects and time to create with. 

• ⚜️: Metaplex is a platform that includes on-chain royalty enforcement. In a time where royalties are being bypassed, now there's a platform enforcing the royalties. Also, Beeple is choosing Solana for his next NFT venture, moving from ETH, his main chain of choice. Adds a bolster of conviction onto SOL.

Crypto carrier Helium mobile will power Solana's Saga Smartphone.

• Solana labs upcoming android phone can use Helium's hybrid carrier, which fused its decentralized network with T Mobile 5g network. 

• The Saga phone will be released in early 2023 and will come with a free 30-day trial for Helium mobile.

• This partnership will drive users to the helium network and will encourage Saga customers to have the chance to earn crypto rewards for their cell services.

• It's the first real-world product that incorporates blockchain technology.

Solana Yoots has been released

• Solana NFTs pumped 170% over the weekend as the art was finally released.

• Holders of t00bs can now min a y00t and reveal the artwork after a two-month delay in the reveal.

• DeGods have revealed their plan to remove creator royalties and cited the reasoning behind finding other revenue streams besides secondary sales.

You'd think we were in a bull market with all the good things happening to SOL. Nope, just people building. Sadly, we must face reality and see it as an optimal time to start dollar cost averaging when everything is low. All this news makes out conviction for SOL's success even higher. 

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research