BREAKING: The possible END of crypto

No joke - prices PLUMMET after Binance backs away from FTX rescue ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ With the midterms over, attention turns back to the tech industry. And it was a bloodbath for workers at META. Meta Platforms laid off an astonishing 11,000 workers... And the market was thrilled. META was up more than 5%... but it was a brutal day for a lot of the rest of the market. And that's nothing compared to the earthquake in cryptocurrency. Binance pulled out of the deal to take over FTX - which is creating a massive credibility crisis for the entire cryptocurrency sector. It's no exaggeration to say that the sector is in freefall... And many people may be about to lose everything. An entire sector could be wiped out. The shift since 2020 can't be overemphasized. As "Mr. X" has been saying, what matters now is access to raw materials and the ability to create physical products. The "metaverse" is collapsing in real time. Remember not to trust techno-messianic prophecies about what's inevitable. Follow the tools we provide and trust in the numbers. Keep Moving, [TRADECOMMAND]( perhaps the single greatest weapon ever put in the hands of Main Street investors. THE OFFENSIVE is already underway. [Don't be left behind.]( WORD ON THE STREET Russia Retreats, AZ/NV Counting, META Meltdown - Meta Fires 11,000 Workers - Mark Zuckerberg didn't dress it up. "I've decided to reduce the size of our team by 13% and let more than 11,000 of our talented employees go," he said in a statement. Zuckerberg said Meta is taking steps to become a "leaner and more efficient company" as new figures show overall sales have declined. - "Nothing Is Over!" - "You just don't turn it off!" The vote counting that is. Republican candidates in Arizona trail their Democratic counterparts in the gubernatorial and Senate races, but thousands of votes remain to be counted. No one has conceded and GOP gubernatorial nominee Kari Lake is still predicting victory.  With the Senate race in Nevada also too close to call and the Georgia Senate race heading to a run-off, control of the upper chamber has yet to be determined. Lake has closed the gap as counting goes on PHOTO: [Gage Skidmore/The Star News Network]( - "It's A Trap!" - Or is it? Russian forces claim they are abandoning their position in Kherson, a major regional capital in southern Ukraine. Russia claims it is taking this step to shield civilians from casualties, but the rest of the world sees it as a retreat - except, oddly enough, Ukraine. Sources in Ukraine report Kyiv is cautious, expecting that Russia has left forces behind as a trap. - Banks Boost Layoffs - It's not just tech companies that are letting people go. Citibank laid off about 50 employees and Barclays cut about 200 positions, as the struggling economy has companies everywhere tightening their belts. JP Morgan Chase is also reportedly entertaining reductions in pay and bonuses.  THIS TRADER MADE $64,000 IN JUST ONE WEEK And he never risked more than $10,000 at a time... [No Gimmicks. Just Results. Click Here Now and See For Yourself.]( HOT SPOTS: What's Going on in Geopolitics - Estimate: 100,000 Russian casualties - General Mark Milley, chairman of the Joint Chiefs of Staff, estimated that "well over" 100,000 Russian soldiers have been casualties in the Russian invasion of Ukraine. He also said as many as 40,000 Ukrainian civilians are dead or wounded. The general estimated that Ukrainian military casualties are roughly the "same thing" as the Russian side. - Here We Go Again: Another Lockdown In China – Once again, the production hub of Guangzhou has locked down about five million people due to an outbreak of COVID-19. About 2,555 infections were reported yesterday. It will be another dent in China's economic growth, which is already falling far short of government targets. - Germany Blocks Deals On Chinese Chips - Chancellor Olaf Scholz of Germany blocked Chinese investment into Elmos Semiconductor as the country tries to avoid being too reliant on Beijing. The New York Times reports that Germany also blocked a Chinese investment involving ERS Electronic, a cooling technology company. CUTTING EDGE: What[']( Happening In Tech - Crypto Disaster - Binance backed out of a deal to buy onetime rival FTX, saying the exchange's problems "are beyond our control or ability to help." It prompted a staggering collapse within the entire cryptocurrency sector with BTC dropping below $16,400 and ETH below $1,200. - President Biden Says Twitter Deal Should Be "Looked At" – Progressives have been critical of Elon Musk's takeover of Twitter and now President Joe Biden is speaking out. "I think Elon Musk's cooperation and/or technical relationships with other countries is worthy of being looked at," he said. However, he took care to say that he's not "suggesting" Musk has as yet done "anything inappropriate."  - TSLA Hits Two Year Low - Tesla (TSLA) shares have hit their lowest level since November 23, 2020 after Musk sold almost $4 billion worth of shares. Shares are down 60% since hitting a record high November 4 2021. Needless to say, Cathie Wood is still buying TSLA FOR YOUR CONSIDERATION Just keep this in mind when you hear predictions about an impending crash or recession. Don’t jump watch a video on macroeconomic analysis, then go buy puts that expire in 30 days. small, miss small. Even if you know what direction the market is moving, that doesn't mean you're going to get it right on a specific trade. Chris Hood argues for a short-term strategy... and what you should look at if you are committed to playing the long game. 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