Michael Egorov's Debt Positions Under Pressure, FTX Reboot Plan Submitted
Aug 1, 2023
Market Update Equity indices are stalling today, with the $SPX and $NDQ both falling around 0.30%. The $DXY (+0.38%) has continued its strong streak along with U.S. Treasury yields, with the US10Y holding above 4%. Crypto markets are struggling due to concerns about Curve founder Michael Egorov’s huge debt positions and speculation that SBF or Sam Trabucco could be responsible for the $BALD rug. $BTC (-1.43%) has fallen below $29k and $ETH (-1.59%) is approaching $1,800. On a more hopeful note, VolatilityShares has filed for an Ether Futures ETF. Volatility Shares recently received approval