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The U.S. SEC and CFTC are resuming operations after a 43-day government shutdown. cointelegraph.com
πΊπΈπΉ #RWA The FDIC is developing guidance on "tokenized deposit insurance" to provide clearer regulatory parameters for financial institutions looking to expand into digital assets. bloomberg #regulation
π€ #BTC Bitcoin Archive: BTC closed below $100k for the first time in 188 days.
βοΈ Wintermute released a report noting that the correlation between BTC and the Nasdaq-100 remains high (~0.8). Despite this close correlation, BTC, does not share the strength of the stock market, moving in sync only in moments of deterioration.
Pointed out that historically such negative asymmetry is not observed near peaks, but rather near bottoms.
Pointed out that historically such negative asymmetry is not observed near peaks, but rather near bottoms.
π #POL #RWA R25 backed by Ant Financial launches RWA revenue-generating stablecoin protocol on Polygon. theblock.co
πΈ #BTC Over the last 24 hours, ~$1.02 billion worth of contracts have been liquidated, of which longs have liquidated ~$895 million and shorts ~$126 million.
ππ³ Whale Transactions:
1. Anchorage Digital received 4,094 #BTC ($405 million) from Coinbase, Cumberland, Galaxy Digital and Wintermute;
2. 0xa13C, possibly owned by Richard Hart, received 4978 #ETH ($16.29M) from TornadoCash and sold for $3273;
3. Machi Big Brother closed a #UNI long with a loss of $481k. He still has a $7350.7 #ETH ($23.58 million) long open with a liquidation price of $3039. His total losses exceeded $17.7 million;
4. 66kETHBorrow bought another ~36,400 #ETH (~$104m), bringing his total purchases since Nov 4 to ~421,300 #ETH ($1.30bn) at an average price of $3489, currently with ~$126m in unrealized losses.
1. Anchorage Digital received 4,094 #BTC ($405 million) from Coinbase, Cumberland, Galaxy Digital and Wintermute;
2. 0xa13C, possibly owned by Richard Hart, received 4978 #ETH ($16.29M) from TornadoCash and sold for $3273;
3. Machi Big Brother closed a #UNI long with a loss of $481k. He still has a $7350.7 #ETH ($23.58 million) long open with a liquidation price of $3039. His total losses exceeded $17.7 million;
4. 66kETHBorrow bought another ~36,400 #ETH (~$104m), bringing his total purchases since Nov 4 to ~421,300 #ETH ($1.30bn) at an average price of $3489, currently with ~$126m in unrealized losses.
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ββοΈ Kraken co-founder says they are not planning an IPO in the US. cointelegraph
π€ #BTC CEO CQ: Those who entered Bitcoin 6 to 12 months ago have a cost basis near 94K.
Personally, I do not think the bear cycle is confirmed unless we lose that level. I would rather wait than jump to conclusions.
Personally, I do not think the bear cycle is confirmed unless we lose that level. I would rather wait than jump to conclusions.
ππ #ETH Glassnode: Since late August, as Ethereum pulled back from its new peak, 3β10 year holders have ramped up their average daily spending to >45K ETH/day (90D-SMA).
This marks the highest spending level by seasoned investors since Feb 2021.
This marks the highest spending level by seasoned investors since Feb 2021.
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ππ€ #BTC Glassnode: When downside hedging demand rises, the 25-delta skew spikes. Recent spikes have consistently aligned with short-term lows, signalling elevated fear and heavy short positioning. Useful for low-timeframe traders.
πͺπΊπΉ The European Commission is preparing a reform that would give ESMA direct supervisory powers over cryptoasset service providers across the EU, replacing the current supervision at member state level. The draft is expected next month and would centralize licensing and supervision under a single EU regulator. bloomberg #regulation