Hello and welcome back to Equity, the Tech Runched podcast, where we unpack the numbers and the nuance behind the headlines.

My name is Alex and it is November 7, 2022, which means that we are somehow, some way, halfway through, more or less, Q4.

I don't know where the time is going, but I'm really, really not ready for 2023.

Anyways, time doesn't care. There's a lot to talk about, so let's dive into the markets.

And we're going to start with stocks.

Shares are up in Asia, up across the board actually, rising in China and South Korea, Japan, and elsewhere.

And it's largely the same story in the EU. Most major indices are up showing a nice spread of green across the board.

And hey, here in the United States, it's the same thing. Forget world peace everybody. the new low last Friday, something that I will write about probably this morning.

But anyways, today's gains come on the back of yesterday's declines.

Leaving behind the equities markets and turning to crypto, well, there is a lot of drama to to report and all of this is still evolving.

I'm going to do my best to break down for you what's been going on on Twitter this weekend and I may

screw up part of it but hey this is the best I can do. Now FTX is a major crypto exchange,

one that has made a good amount of noise and spent money to get its name out there in recent years.

For example, it is a sponsor of the Mercedes F1 team.

And its leader, Sam Bankman Freed, or SBF,

has another company that does trading.

Anyways, SBF has a regulatory stance

that some other crypto folks do not like and do not agree with.

CZ, the founder and leader of Binance, is on the other side of the regulatory question.

And over the weekend, Binance CZ said that he was selling a lot of FTT, the FTS token, that he had gained as part of a prior

divestment of his original stake in FTS. Confused yet? Well, welcome to crypto.

Anyways, the dust up between SBF and CZ over the weekend is notable because it shows sharp differences between major crypto camps.

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