🤯 Netflix Sets Premiere for FTX Drama

Netflix announced the premiere date for the series The Altruists, which depicts the collapse of FTX on November 19. The story centers on Sam Bankman-Fried and Caroline Ellison, two idealists accused of embezzling $8 billion. FTX went bankrupt in November 2022, and Bankman-Fried was arrested the following December.

Julia Garner and Anthony Boyle star as Ellison and Bankman-Fried. The eight-episode series is partly based on articles from New York Magazine.

🗣Crypto Trails Traditional Assets

Since Trump took office, silver rose 123%, gold65%, Nasdaq42%, and S&P 50030%.

Meanwhile, Bitcoin fell 41%, Ethereum45%, and altcoins plunged 80% on average. Trump called himself a “crypto president” and promised to make the US the world’s crypto capital.

🔥Trump May Have Started Altseason

Trump's statements may have triggered the early phase of altseason, CryptoQuant analysts say.

From 19 to 22 August, altcoin market cap rose more than 24%, adding $215 billion. Total2, the crypto market's value excluding Bitcoin, moved back above $1 trillion. Mid- and small-cap coins led gains.

Now, 56% of altcoins trade above their 200-day moving average, up from 15-20%. CryptoQuant calls this a regime shift, but warns the market is overbought and may pause before continuing higher.