Summary

1. Crypto industry:

 • JP Morgan, Well Fargo, Bank of America potentially exposed to Samuel BankmanFried’s FTX             exchange
 • Genesis Tried (and Failed) to Get $1B Loan to Cover Liquidity Crunch; 

2. Price Action:

 • Bitcoin traded 0.1% higher to US$16,684 in the 24 hours to 8 a.m. in Hong Kong, while Ether fell         1.25% to US$1,200;

3. US Dollar Related:

 • The U.S. dollar rose on Thursday, U.S. Treasury yields rose, and investors focused on hawkish           speeches from Fed officials; gold prices fell, as Fed officials said that U.S. inflation needs to slow         down further, which was interpreted by the market as higher interest rates, leading to a sell-off of         gold overnight;
 

4. Economic Calendar:

 • 16:30 ECB President Christine Lagarde delivers a speech;

 • 23:00 U.S. annualized total number of existing home sales in October

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