📌 Top 5 News for 24 Hour:

1. Two Prime sells $BTC worth $274M in a week. → Read full
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2. Pension-usdt.eth shorting $BTC and $ETH, long on oil. → Read full
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3. Changpeng Zhao's net worth reaches $110 billion. → Read full
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4. 32% US Gen Z interested in crypto, sports betting. → Read full
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5. Whale 0x17c3 increases oil short position. → Read full
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🇰🇿🏦 VanEck’s Matt Sigel stated that Kazakhstan has become the first Central Bank to buy Bitcoin. link

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🇺🇸📊 Wells Fargo Files Trademark Application for “WFUSD” - The Block

One of the four largest U.S. banks, Wells Fargo, has filed a trademark application with the U.S. Patent and Trademark Office for “WFUSD.” The application covers service categories related to cryptocurrency, stablecoins, and digital-asset trading, payments, and related software services.

In similar cases, Western Union previously applied for the “WUUSD” trademark and plans to launch a dollar-backed stablecoin, USDPT, on Solana. Meanwhile, JPMorgan’s “JPMD” trademark was ultimately used for a tokenized deposit rather than a stablecoin. #stablecoin link

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🕵️ In 2010, someone could have bought 220 bitcoin for $1, but said "F*ck that shit."

That 220 BTC is $15.5 million today. link

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📊 According to Bloomberg, several prime brokers serving hedge funds and institutional investors are moving to provide clients with access to the prediction-market platform Kalshi. Clear Street expects to clear its first trade later this month, while Marex Group plans to offer access in the coming months. Some institutions remain cautious due to concerns over liquidity, insider-trading risks, and regulatory lawsuits. #regulation link

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🇺🇸👀 US to release 172 million barrels of oil from the Strategic Petroleum Reserve.

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💸 FYI: 77% of Bitcoin treasury companies are currently holding at a loss. link

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😱🤑 Fear & Greed Index for #ETH

🇺🇸🗽 SEC and CFTC Sign an MOU to Coordinate Crypto Regulation and Support New Product Development. #regulation

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🐳 Whale 0x8E34, who bought 44,888 $ETH ($92.97M) yesterday, bought another 18,436 $ETH ($38.36M) today. link

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🇨🇳🔮 Polymarket Launches Weather Prediction Markets for Shanghai and Hong Kong.

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💵 After a month, Tether has minted $1B $USDT on the Tron network. link

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🇯🇵💰 Metaplanet approved two new subsidiaries: Metaplanet Ventures will invest ¥4B into Japan’s Bitcoin ecosystem, while Metaplanet Asset Management aims to build Bitcoin capital markets.

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📈 Brent Crude Oil Rises Above $100 Again.

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🕵️ Oil bear 0x985f deposited another 4M $USDC into Hyperliquid 45 minutes ago to keep shorting oil.

He now holds ~$35M in xyz:CL and xyz:BRENTOIL short positions and is currently down $1.87M. link

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🕵️ As oil prices rise, the largest on-chain oil short (0x17c3) has incurred a loss of $2.93M. He is closing part of his position to mitigate further losses, with a new liquidation price set at $111.85. link link

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🐳 A whale deposited $1M $USDC into HyperLiquid and opened an $CL long position with 20x leverage. link

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😱🤑 Fear & Greed Index for #BTC

🇺🇸📊 Binance Research noted that U.S. midterm election years have historically seen elevated market volatility. Data shows an average peak-to-trough drawdown of about 16% for the S&P 500 and an average decline of about 56% for Bitcoin.

Markets often rebound once election outcomes are clear, with historical data showing average gains over the 12 months after midterms of roughly 19% for the S&P 500 and about 54% for Bitcoin. link

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💳 Mastercard has launched a global partnership program in the cryptocurrency sector, bringing together over 85 companies from the digital assets and payments industry. The initiative aims to collaborate on developing payment and settlement systems based on blockchain. link

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🥷 #BONK Bonkfun, a platform for launching Solana tokens, community-governed and supported by Raydium and BONK, has warned users to avoid its website after hackers compromised the team's account and installed a program on the domain to siphon off cryptocurrencies. link

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