ππ #RWA Sentora: BlackRockβs BUIDL fund has seen a notable TVL drop over the past 30 days.
While market conditions play a role, many other RWA assets grew in the same period, highlighting how rising competition in the RWA space is pressuring BUIDL.
While market conditions play a role, many other RWA assets grew in the same period, highlighting how rising competition in the RWA space is pressuring BUIDL.
π #BTC Glassnode: At similar price levels to 21 Nov, BTC 1W put IV spiked to 76%, reflecting aggressive downside hedging. Yesterdayβs move saw only ~63%, showing a more muted risk premium. The market appears less worried, but any further downside could trigger a far sharper repricing.
πΊπΈ #BTC SEC Chairman Atkins: Innovation exemption for crypto firms is set to be implemented in January.
π₯³ #HYPE Sonnet BioTherapeutics Holdings announced shareholder approval of its proposed business combination with Hyperliquid Strategies.
π #ETH Taker Buy Volume just hit 148.7M across all exchanges. A strong signal of aggressive market buying.
π #BTC Glassnode: Despite the recent volatility, the perpetual market remains muted. The hourly funding paid by longs (168h-SMA) has fallen to a new low of $72K/hour, an ~87% drop from the $565K/hour peak in mid-July.
ππ #BTC Santiment notes that the crowd now expects BTC to continue its rise
π½π #FDUSD First Digital: We signed a collaboration agreement with CSLM Digital Asset Acquisition Corp III for a proposed business combination that will bring First Digital to the U.S. public markets.
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πΊπΈπ£ President Trump has announced former Coinbase advisor Kevin Hassett as a potential candidate for the position of Federal Reserve Chair. #macro
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