📈 #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%.
💳🙋♂ Mastercard poised to acquire crypto startup ZeroHash for nearly $2 billion, sources say: Fortune
📊👀 #BTC Stockmoney Lizards: We are nowhere near the top. The Satoshimeter reads around 7 today, far from the extreme greed levels that marked prior cycle peaks in 2013, 2017, and 2021.
If history rhymes, the final leg of this bull run likely plays out many months into 2026.
If history rhymes, the final leg of this bull run likely plays out many months into 2026.
🇺🇸🦊 Consensys (developer of MetaMask and ETH) has picked JPMorgan and Goldman Sachs to lead its IPO. axios
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🗽👀 #FOMC #BTC Santiment: Many traders had positioned themselves for a dovish message from the Fed and were betting that cheap money would continue into year-end. When Powell pushed back on that idea, those bets began to unwind.
Liquidations across crypto exchanges added to the sell-off, and funding rates are pretty neutral. Ideally, exchanges will start to see a growing amount of shorts, leading to short liquidations that can propel Bitcoin back up to $115K and beyond.
Liquidations across crypto exchanges added to the sell-off, and funding rates are pretty neutral. Ideally, exchanges will start to see a growing amount of shorts, leading to short liquidations that can propel Bitcoin back up to $115K and beyond.
📊🤔 #ETH Ethereum L1 transactions & active addresses are at all-time highs, while gas fees are close to all-time lows.
📉 #ETH Buy/Sell Pressure Delta is negative, and On-Chain Volume is starting to drop - Alphractal
The social disbelief + a slightly negative Buy/Sell Pressure Delta may suggest that ETH’s real euphoria hasn’t even started yet, despite the overall bearish sentiment.
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📈🗣 #BTC Michael Saylor predicts Bitcoin will reach $150,000 by end of this year.
🧐 Bitwise reports, Institutional Crypto Adoption Hits New Heights
— Major banks including JPMorgan, Goldman Sachs, Citi, and Deutsche Bank are now active in crypto trading and custody.
— BlackRock, Fidelity, and Franklin Templeton lead in crypto ETPs and tokenization.
— Visa and Mastercard expand crypto-enabled payment services.
— Wells Fargo, UBS, and BNY Mellon also deepen crypto operations.
Bitwise says the data marks the broadest wave of institutional participation in digital assets yet.
— Major banks including JPMorgan, Goldman Sachs, Citi, and Deutsche Bank are now active in crypto trading and custody.
— BlackRock, Fidelity, and Franklin Templeton lead in crypto ETPs and tokenization.
— Visa and Mastercard expand crypto-enabled payment services.
— Wells Fargo, UBS, and BNY Mellon also deepen crypto operations.
Bitwise says the data marks the broadest wave of institutional participation in digital assets yet.
🇺🇸🇨🇳 Trump and Xi Jinping meeting to discuss trade deal has begun. #tradewars