🥳 #FTT Startup Architect Financial Technologies, founded by former FTX US president Brett Harrison, has received approval from the Bermuda Finance Authority to launch a platform for trading perpetual equity futures. bloomberg
🕵️♂️ #ETH LoC: 2 newly created wallets (likely owned by Bitmine) have purchased 33,948 ETH ($135 million)
🗣 #BNB YZi Labs claim that CZ owns less than 1% of the total BNB supply
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😅 #TON Pavel Durov: Raise your hand, who got scammed via Telegram Mini Apps? Ooh, quite a few hands in the room, unexpectedly. I personally don't know anyone who got scammed. But all my friends got richer.
📊👀 #BTC In October, the market absorbed between 10,000 and 16,000 BTC per day on the sell side. And yet, the price of Bitcoin remains at $113,000. Demand is high.
📊 Glassnode: #BTC Futures are still seeing muted activity following the historic wipeout on 10/10.
Open Interest is still ±30% off the highs, and Funding is close to neutral.
Open Interest is still ±30% off the highs, and Funding is close to neutral.
📈 #SOL CQ: Bitwise now holds 1.358 million SOL, with a substantial 1.098M SOL inflow occurring on October 28. The value of their portfolio is estimated at around $263.8 million, with an average acquisition cost of $198.
📊👀 Lighter has led the way in trading volume of open-ended futures over the past 24 hours
📈🤔 #BTC Total Bitcoin open interest hits an all-time high $94 billion.
Most popular bet right now: $140,000 call option on Deribit.
Most popular bet right now: $140,000 call option on Deribit.
🇺🇸👀 #macro #FOMC The Fed's accompanying letter:
- Announced the end of the balance sheet reduction program effective Dec. 1;
- Only 2 Fed members were opposed to a rate cut;
- Economic activity continues to expand at a moderate pace (while noting increased uncertainty about the economic outlook);
- Employment growth has slowed and the unemployment rate has risen slightly;
- Inflation is still above target.
- Announced the end of the balance sheet reduction program effective Dec. 1;
- Only 2 Fed members were opposed to a rate cut;
- Economic activity continues to expand at a moderate pace (while noting increased uncertainty about the economic outlook);
- Employment growth has slowed and the unemployment rate has risen slightly;
- Inflation is still above target.
🇺🇸👀 #macro Powell:
- Risks to inflation are tilted to the upside, and risks to employment are tilted to the downside.
- December interest rate cut is "far" from certain.
- Risks to inflation are tilted to the upside, and risks to employment are tilted to the downside.
- December interest rate cut is "far" from certain.
🇺🇸👀 #FOMC Powell continues:
- Fed rate now sits within many estimates of the neutral range.
- Some FOMC members believe it’s time to step back and wait one cycle before further moves.
- Powell signaled a more cautious approach amid rising uncertainty.
- Government shutdown could affect the December meeting.
- #AI-related layoffs are emerging, potentially weighing on future job creation.
- AI and data center investments remain strong and less sensitive to interest rates.
- Tariffs expected to rise further, potentially adding 0.2–0.4pp to inflation short term.
- Fed rate now sits within many estimates of the neutral range.
- Some FOMC members believe it’s time to step back and wait one cycle before further moves.
- Powell signaled a more cautious approach amid rising uncertainty.
- Government shutdown could affect the December meeting.
- #AI-related layoffs are emerging, potentially weighing on future job creation.
- AI and data center investments remain strong and less sensitive to interest rates.
- Tariffs expected to rise further, potentially adding 0.2–0.4pp to inflation short term.
🇺🇸💸 #macro During Powell's rant crypto traders liquidated >$300 million.
Meanwhile, the probability of a 25bp Fed rate cut in December dropped from 90% to 71%.
Meanwhile, the probability of a 25bp Fed rate cut in December dropped from 90% to 71%.