๐ #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.
๐๐ #BTC Santiment notes that the crowd now expects BTC to continue its rise
๐๐ #BTC Glassnode notes that if BTC breaks the $93k level, it will trigger large liquidations of short positions which could be a boost to the upside.
๐ฝ๐ #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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โโ๏ธ Celestia-based Astria Network has announced the discontinuation of its shared sequencer network following a successful funding round that raised $18 million. link
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๐บ๐ธ๐ฃ 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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๐ต๏ธโโ๏ธ A newly created wallet received 18,345 #ETH, worth $55.25M, from BitGo. The wallet belongs to BitMine.
Address: 0xA79dd556f576494CadFabf104c165f4A9bDCe6af
๐ฆ #UNI Uniswap Labs integrated Revolut as a fiat onramp, letting users in 28 countries buy crypto directly in the Uniswap Web App and Wallet.
๐ฎ๐ Chances for a Fed rate cut next week have surged to 91%, according to Polymarket. #macro
๐๐ค #BTC Willy Woo: Historically Bitcoin tops have lead pull backs in global M2.
"But Fed rates are dropping"... i.e. more money printing... leading you to think global M2 will climb.
But if global investors buy USD instead of buying risk-on assets, also called "a flight to safety", then USD strengthens, and global M2 (which is priced in USD) drops.
"But Fed rates are dropping"... i.e. more money printing... leading you to think global M2 will climb.
But if global investors buy USD instead of buying risk-on assets, also called "a flight to safety", then USD strengthens, and global M2 (which is priced in USD) drops.
๐ฅณ๐ #BOB [Market Addition] Added Korean Won Markets for BOB and TRAC feed.bithumb.com #Bithumb #Listing
๐ฉ #BTC CEO Strategy said the company's $1.4 billion reserve can cover about 21 months of dividend payments with the possibility of extending to two years, eliminating the need to sell BTC. bloomberg
๐ฎ CNN will use Kalshi prediction markets in its news programs. coindesk
๐ฐ Kalshi raises $1 billion in funding at $11 billion valuation. cointelegraph
๐ฐ Kalshi raises $1 billion in funding at $11 billion valuation. cointelegraph
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๐ช๐บ EU bank group favors creation of euro-stablecoin by 2027. cointelegraph
๐โโ๏ธ #AAVE Aave DAO considers abandoning "multichain strategy" by ending support for zkSync, Metis and Soneium. theblock.co
๐ค #BTC Coinbase Institutional states that while the end of quantitative tightening and the Fed's return to the bond market has improved liquidity, which theoretically benefits the cryptocurrency market, Bitcoin remains under pressure. BTC has overcome key bull market support, options sentiment has turned bearish, OG kits continue to sell, spot ETFs have seen significant net outflows, and Treasury activity (DAT) has slowed markedly