🇯🇵🕹️ Japan to tighten oversight of cryptocurrency exchanges. theblock #regulation
👍 Exodus, which specializes in cryptocurrency wallets, buys Baanx and Monavate for $175 million. coindesk.com
🇺🇸 The SEC has issued a "no-action letter" on Fuse, giving its native token "regulatory protection" from enforcement. cointelegraph
🤝 Galaxy Digital is considering a partnership with Polymarket and Kalshi as a liquidity provider. theblock.co
🤔 #BTC TD Cowen says Strategy's premium for BTC continues to fall, approaching lows last seen between 2021-2022. theblock.co
🔍🐳 Whale Transactions:
1. Whale entered 10 million #USDC on HyperLiquid and opened a 5x long for 15,000 #ETH ($44.15 million);
2. Someone created a new wallet and deposited $5.35M on Hyperliquid, opened a 20x short on 495 #BTC ($43.56M). Liquidation price: $98,360;
3. 0x755b spent $1.35M #USDC to buy 37.04M #MON at $0.0364.
1. Whale entered 10 million #USDC on HyperLiquid and opened a 5x long for 15,000 #ETH ($44.15 million);
2. Someone created a new wallet and deposited $5.35M on Hyperliquid, opened a 20x short on 495 #BTC ($43.56M). Liquidation price: $98,360;
3. 0x755b spent $1.35M #USDC to buy 37.04M #MON at $0.0364.
📊 #BTC CQ: the Sharpe ratio for BTC has collapsed to the zero line, a level historically associated with periods of maximum uncertainty and early stages of risk reassessment.
We are now entering the same zone as in 2019, 2020 and 2022, when the Sharpe ratio was at structurally low levels for a while before new multi-month trends formed.
This does not guarantee a bottom will be reached, but it does indicate that the quality of future returns is starting to improve provided the market stabilizes and volatility normalizes.
We are now entering the same zone as in 2019, 2020 and 2022, when the Sharpe ratio was at structurally low levels for a while before new multi-month trends formed.
This does not guarantee a bottom will be reached, but it does indicate that the quality of future returns is starting to improve provided the market stabilizes and volatility normalizes.
👍 #FTT Cryptocurrency venture capital fund activity reached $4.6 billion in the third quarter, the second highest quarterly total since the FTX crash. cointelegraph
📊 #BTC Santiment: The number of wallets holding at least 100 Bitcoin has risen by +0.47% (91 wallets) since November 11th. Meanwhile, small wallets (especially 0.1 BTC or less) have been shrinking in number. Retail capitulation will generally play out well for crypto prices in the long run.
📊 #BTC may have formed a local bottom, supported by a strong rebound and accumulation from:
• 100–1k BTC holders.
• >10k BTC holders.
However, the crucial 1k–10k BTC cohort is still distributing, preventing a full confirmation of trend reversal. cryptoquant
• 100–1k BTC holders.
• >10k BTC holders.
However, the crucial 1k–10k BTC cohort is still distributing, preventing a full confirmation of trend reversal. cryptoquant
💸 #BTC Over the last 24 hours, ~$380M worth of contracts have been liquidated, of which longs have liquidated ~$137M and shorts ~$242M.
🤔 #BTC James Wynn: $67,000 BTC is knocking. I would expect is by end of week, possibly on weekend. Who knows!? Just probabilities, right!
Does make most sense at this point. Lovely support and buy pressure in that zone.
Does make most sense at this point. Lovely support and buy pressure in that zone.
🇯🇵💰 #BTC MetaPlanet has secured a $130 million loan backed by its Bitcoin holdings, with a total credit facility limit of $500 million. The funds will be used for purchasing more Bitcoin, expanding operations, and repurchasing shares when feasible. link
🇰🇷🙋♂️ Naver Financial plans to introduce a local stablecoin wallet as part of its merger with Upbit, according to reports. #stablecoin link