Important news from last night and this morning (November 20-21)

Jesse creator tokens were immediately targeted upon launch, with 26% of the supply being bought up in the same block, resulting in a $1.3 million arbitrage profit. Bitcoin whales shorted the tokens and made over $57 million in unrealized profits, while CZ's counterparty, a whale long position, suffered over $32 million in unrealized losses. The Nasdaq fell over 2%, and blockchain concept stocks generally declined.