For those who woke up to $BTC below $100K:

We're now in a zone of heavy ETF outflows. -$866.70M today already.

• BlackRock's IBIT alone saw -$257M outflow (first major outflow since launch)
• Grayscale's BTC Mini Trust bled -$318M

The "smart money" is de-risking hard.

In fact, the market is repricing the December Fed rate cut probability:

Last week: 85% chance of a cut
Now: Nearly 50/50 (coin flip territory)

Higher-for-longer rates → Stronger USD → Risk assets (BTC, stocks) get crushed. Tech stocks are also tanking (Nasdaq -2.2%, S&P 500 -1.6%) → BTC follows due to high correlation.

This is an amazing piece on airdrop farming from Warhol.

Ngl, it's probably one of the most deep/insightful articles covering the efficiency and strategies of airdrop farming I read this year.

Make sure to give it a read.
Very good.

Agentic commerce is no longer theoretical — x402 processed 3.3M transactions (~$3M) in a single day, with Base capturing nearly 90% of the volume.

The era of autonomous on-chain agents is officially underway.

Variational reached a new all-time high TVL of $73.3M.

The recent market pullback barely slowed deposits, and the Core OLP Vault surged 66% in a single day from $6M to $10M, leading the rebound.

Helium had another explosive quarter: after deciding to burn its MVNO subscription revenue, annualized income hit $18.3M.

Average daily DC burns jumped 196.6% QoQ to $30,920.

The Perp DEX Wars of 2025: Hyperliquid, Aster, Lighter, and EdgeX

Here's the link to my latest article exploring the potential of the big-four of Perp DEXes.

PYUSD isn’t losing momentum — supply grew by another $621.3M in the past week.

It’s now up 592% year-to-date, reaching $3.4B in circulation.

Retail makes up 62% of depositors in automated yield strategies, but just 5.4% of addresses account for 94.3% of the TVL.

Institutions are clearly the ones driving capital flows in this segment.

Over the past five years, major VIX spikes above key thresholds have often aligned with local reversals.

During the October 10 liquidation event, the normalized Z-score caught the volatility surge that the raw VIX missed due to the stock market being closed. These signals don’t guarantee a recovery, but historically they’ve marked local bottoms, and this could be another one.

The market cap of Robinhood’s tokenized securities on Arbitrum One has reached $8.9M.

Around 71.2% is allocated to stocks such as $GOOGL, $BMNR, and $HOOD, while 22.5% sits in ETFs like $VOO. In Phase 2, Robinhood will adopt an app-to-chain model, launching an Arbitrum-based chain that settles on Ethereum.

Crypto’s total market cap is down 13.5% this week, and Bitcoin is close to breaking below $90K for the first time in seven months.

Aside from modest gains by Zcash (+7%), Monero (+5%), and Astar (+10%), major assets have delivered heavy pain to traders.

Prediction markets are quietly becoming one of crypto’s fastest-growing sectors.

Polymarket and Kalshi hit $7.5B in monthly volume, unique wallets are up 400% YoY, and their confirmed token airdrop plus U.S. relaunch have reignited the entire narrative.

Another week of exploring important insights ↓

General
➖ Crypto.com: Alpha Navigator: Quest for Alpha [October 2025]
➖ Binance: Weekly: From Shutdown to Show-Me
➖ Galaxy: Weekly Top Stories - 11/14/25
➖ Galaxy: The State of Crypto Leverage – Q3 2025 

Market
➖ Cryptorank: October Crypto Exchanges Report: Gate Extends Lead in On-Chain Buildout
➖ CoinShares: Market update - November 14th, 2025
➖ CoinShares: Digital asset fund flows | November 17th, 2025
➖ Glassnode: BTC Market Pulse: Week 47

DeFi
➖ Galaxy: Nation State Bitcoin & Uniswap Buybacks

Tokens & currencies
➖ Binance: The Stablecoin Business
➖ Glassnode: Keyrock + Glassnode: Bitcoin and Ethereum as Competing Store-of-Value
➖ Galaxy: The Battle for Bitcoin to Stay Above 100K

UNI, AAVE, and LDO share the same pattern: market caps are down, but fundamentals keep improving.

The gap between price action and network strength is widening.