The Gentlemen of Crypto EP – 820

Binance US exchange flash crashed to 8k, forcing alot of traders out of position.

The Gentlemen of Crypto is a daily live cryptocurrency podcast that broadcasts on YouTube. Isaiah Jackson and King Bless provide cryptocurrency analysis across a variety of blockchain news stories.

Subscribe to their cryptocurrency channel here.

Top Gains / Losses (market update) 1:18
  • Solana (+15.16%)
  • Ethereum (+4.93%)
  • Terra (+3.09%)
Binance Bitcoin flash crash to 8k: 4:25
  • Traders are calling it a scam wick (link)
  • Some feel like it was an inside job
  • Plenty of traders got liquidated from Bitcoin dropping that low.
Ethereum nears its own ATH as ETH retakes 4000: 12:14
  • Some suggest ETH could reach 6,500 in Q4 (link)
  • No alt coin has reached their previous ATH against bitcoin
PIMCO to buy more crypto: 19:39
  • CIO Daniel Ivascyn says PIMCO has exposure to crypto-linked securities through hedge fund portfolios (link)
  • PIMCO is worth 2.2 trillion
FTX raises $420,690,000: (25:30)
  • Investors value the exchange at $25 billion (link)
Politician Newt Gingrich Wants Governments to Use Bitcoin as Inflation Hedge: (30:30)
  • Businesses have to provide a service based on demand, and the demand is moving towards bitcoin (link)
  • Going to help countries and banks hold Bitcoin as a hedge against inflation

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