Todays Newsletter
The High Price of Bad Business: Corporate America’s Biggest Settlements
First Read Hits & Takes John Lothian & JLN Staff The OCC says be wary of crypto - the Office of the Comptroller of the Currency that is, not The Options Clearing Corporation. The SEC says public companies should disclose their crypto exposure, assuming they...
John Lothian Newsletter
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John Lothian Newsletter
FTX Founder Sam Bankman-Fried Is Said to Face Market Manipulation Inquiry
First Read Hits & Takes John Lothian & JLN Staff Trabue Bland, SVP, Futures Markets at ICE, has written a paper titled "Why financial participants matter to the commodity markets." The chapter topics of the paper include "How derivatives work" and...
The Cult of the Retail Trader Has Fizzled
First Read Hits & Takes John Lothian & JLN Staff Germany conducted a nationwide raid, thwarting a rightwing, extremist coup plot to overthrow the German government. It is the biggest ever raid targeting right wing extremists, Bloomberg reported. John Lothian...
FIA launches ETD Tracker
First Read Hits & Takes John Lothian & JLN Staff I think this whole Sam Bankman-Fried "against the advice of my lawyers I am doing this two hour interview with you" is a bunch of baloney. It is really part of a larger defense strategy. He is the target of...
FTX Effort to Save Itself Failed on Questionable Assets
First Read Hits & Takes John Lothian & JLN Staff Jay Clayton and Timothy Massad, former heads of the SEC and CFTC respectively, have written an op-ed to The Wall Street Journal titled "How to Start Regulating the Crypto Markets-Immediately." The subheadline is...
FTX Implosion Prompts Call by DOJ Arm for Independent Probe
First Read Hits & Takes John Lothian & JLN Staff The economist and New York Times columnist Paul Krugman has a piece titled "Blockchains, What Are They Good For?" It may be the obituary for blockchain, as Krugman outlines all the firms that have abandoned...
FTX Collapse Draws Senate Hearing Scrutiny as Crypto Oversight in Focus
First Read Hits & Takes John Lothian & JLN Staff If you have not watched Options Discovery with Alex Teng of JLN, you are missing something. This young man, a finance major in his senior year at the University of Illinois at Chicago, is really coming into his...
FTX’s Collapse Validates Gary Gensler’s Crypto Skepticism
First Read Hits & Takes John Lothian & JLN Staff It is a good day and a bad day for the SEC's Gary Gensler. On the one hand, he is being lauded by Bloomberg for his crypto skepticism in the light of the FTX black hole. On the other hand, Virtu decided it can't...
Inequality in Society Drives Stock-Market Performance
First Read Hits & Takes John Lothian & JLN Staff Crypto native publication Decrypt published a story on November 27 about a slip of the tongue made by CME Group's Terry Duffy while he was being interviewed by FOX News' Tucker Carlson. Duffy had been prescient...
FTX’s Collapse Upends Sam Bankman-Fried’s Washington Play
First Read Hits & Takes John Lothian & JLN Staff Thanksgiving is full of family, food and lots of sports on television. My Purdue Boilermakers were very active over the weekend, both in football and basketball. The football team beat instate rival Indiana...
Crypto Firm FTX Landed in the Bahamas With a Bang, and Now the Bahamas Is Picking Up the Pieces
First Read Hits & Takes John Lothian & JLN Staff The Wall Street Journal found an angle of the FTX and Sam Bankman-Fried story that is the anti-Thanksgiving story. The headline is "Sam Bankman-Fried Said He Would Give Away Billions. Broken Promises Are All...
The Silencing of Hong Kong’s Analysts
First Read Hits & Takes John Lothian & JLN Staff Yesterday we published the first part of my interview with CoinDesk Deputy Editor-in-Chief Nick Baker, a former Dow Jones Newswire and Bloomberg reporter and editor who joined CoinDesk in August. Part one...
John Lothian: What to Expect as FTX Debuts Biggest Crypto Chapter 11 in Court; Ethics Watchdog Group Seeks Probes Into Oversight of Officials’ Stock-Trading Conflicts
First Read Hits & Takes John Lothian & JLN Staff CME Group Chairman and CEO Terry Duffy was interviewed by Danny Moses, Guy Adami and Dan Nathan for the "On the Tape" podcast in an episode titled "Cult of Personality with Terry Duffy of CME Group." FIA, Inc....
Europe’s Energy Exchanges Warn Gas Price Cap to Backfire on EU
First Read Hits & Takes John Lothian & JLN Staff Today we have the obituary for my mother, Marjorie Jane Lothian. It is published on John Lothian News, which costs considerably less than the Chicago Tribune. Though I get the Scottish blood from my father, it...
FTX Hammers More Nails Into Crypto’s Coffin
First Read Hits & Takes John Lothian & JLN Staff Longtime CME Group executive David Lerman passed away a week ago. All the services were private. Lerman served as senior director, asset managers client segment, at the time of his death. He had been an...
FTX Was an Empty Black Box All Along
First Read Hits & Takes John Lothian & JLN Staff Cboe Global Markets is looking smarter and smarter for having shut down its bitcoin futures contracts affiliated with the Winklevoss twins, as Genesis Trading is one of the latest firms to be caught up in the...
