Happy morning, Munchers! 🙏

Hope you had a great start to the week.

As always, here is your daily dose of the news that matters, from Wall Street to Dalal Street - in 4 minutes and 59 seconds.

Let’s dive in.

What’s hot, what’s not?

Market Commentary

• US stocks zigzagged as traders await some key info from the US Federal Reserve.

• This feels like a make-or-break week for markets. Fr. 💀

• Treasury yields rose slights as investors bet on continued hawkishness.

Story Roundup

1 - US say they would defend Taiwan from a Chinese attack. 💣

President Joe Biden issued a pretty strong warning to Beijing yesterday.

He was asked whether he'd protect Taiwan in a military invasion - to which he responded "Yes, if there was an attack.".

The region is on edge - especially after China held large-scale military exercises in the waters surrounding Taiwan.

In response, China said that they "deplore and reject" Biden's comments.

This powder keg's getting hot. 🔥

2 - UK raises eyebrows at FTX's business. 💸

British financial regulators have warned customers against dealing with FTX.

They said that "the firm is targeting people in the UK" and "not authorised by us".

FTX is one of the biggest crypto derivative exchanges globally - and regulators want two big things with crypto businesses -

a) More oversight and more rules. As most of you will know, crypto is essentially the Wild West.b) A slice of the pie. What's the point of making money if the government can't have some of it? 🤷

3 - World mourns the passing of Queen Elizabeth. 👑

Hundreds of thousands of ordinary people along with tons of world leaders pulled up to the Queen's funeral.

About 10,000 police officers were on duty at the event, along with 1,500 soldiers.

The essential closure of the economy yesterday is set to cost British taxpayers $6 billion.

As Britain mourns their longest-serving monarch, it's interesting to see the kind of people that attended, some being- Joe Biden- Jacinda Ardern - Emmanuel Macron- Sheikh Mohammed- Bear Grylls

4 - South Korean prosecutors issue red notice for Do Kwon. 🚨

After robbing investors of $40 billion - Do Kwon is on the run.

He's the founder of Terraform labs, the guys behind the Luna token that famously went belly-up earlier this year.

The Feds are looking for him - with good reason.

He's said that he's "not on the run", but authorities don't believe him. He was just placed on the Interpol red notice - a call to law enforcement worldwide.

Stuff's heating up. 💀

5 - Instacart preps for IPO in a routed market. 🛒

Instacart wants to go public, and sell employees' shares while doing so.

They don't plan to raise much money from the offering, and are keeping the main focus of the offering to get some liquidity for their employees.

Some of their earliest hires will be able to cash in on the shares they've been accumulating, and Instacart hopes they'll be able to retain that talent too.

Shares will be sold directly to investors at an agreed price.

Gravy train's pulling back in. 🚂

A few nibbles from Cashee.

If you’re a teen in the UAE, listen up. 🗣️

Got no bank account? No problem.

Cashee will hook you up with a digital banking platform and a physical Visa card - all for free.

That’s right. You no longer need to ask Dad before you buy anything on Amazon.

Get access to a new way to save, spend and earn ASAP at this link.

Hope you enjoyed this issue of the Market Munch. If you've got any feedback - good or bad (😏) you can hit reply to this email. Thanks a ton for reading!

You might also wanna follow up on Twitter, LinkedIn, or Instagram.

Cheers, and have a lovely day. 🙏

Aryaansh