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Arslan Ahmad01
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๐จ INSIGHT: Large crypto balances moved internally in a routine Coinbase wallet migration.
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๐จ TODAY: Nvidia fell 6% after reports that Meta may shift AI-chip purchases to Google. #Nvidia's #felling
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๐ Catch up on the news over the last 24 hours! โก๏ธ Strategy and Bitcoin supporters call for a boycott of JP Morgan after crypto treasury companies were excluded from major market indexes. ๐ฅ Sui leads stablecoin supply changes over the last 24 hours with $2.4B in inflows, followed by Aptos and Ethereum, per Artemis data. ๐ฅ Wormhole Labs introduces Sunrise DeFi, a one-day listing platform for Solana, with Monad's MON token launching Monday as the first listing. ๐ฅ Tether CEO Paolo Ardoino says Bitcoin will stand the test of time, while organizations attempting to undermine it will fail because they can't stop people from choosing freedom. ๐ฅ Bitcoin dominance surged above 60% in early November, stabilizing around 59% as capital consolidates into BTC during market drawdowns, says NYDIG. โก๏ธ VanEck CEO Jan van Eck questions Bitcoin's encryption against quantum computing, saying his firm will "walk away" if it's "fundamentally broken." ๐จ๐ณ Bitcoin mining is quietly resurging in China, per Reuters. The country now accounts for ~14% of global hashrate. ๐จ Digital asset funds saw $1.9B in outflows last week, pushing the 4-week total to $4.9B, the third largest bleed on record since 2018. ๐ฅ Grayscale $GDOG started trading on NYSE Arca, marking the first Dogecoin ETP in the US. ๐ฅ BitMine Immersion added 69,822 $ETH last week, boosting its treasury to 3.63M ETH. ๐จ MetaMask Mobile launched perps trading of 150+ tokens and select US equities with up to 40ร leverage directly. ๐ฅ Amazon is investing up to $50 billion to boost U.S. government AI and supercomputing systems. ๐จ Arthur Hayes says he does NOT expect $BTC to drop below $80,000. ๐จ CZ denies rumors that Jackie Chan will play him in a Netflix documentary, calling the claim false. ๐จ Total crypto market cap reclaims $3T today, adding approximately $110B. ๐บ๐ธ The SEC issues a no-action letter to Solana-based dePIN project, Fuse Crypto, stating its token isn't a security due to utility-based value, not profit expectations.
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๐บ๐ธ $1 Trillion added to the US stock market today. #S&P500
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๐จ REKT: Over $3.7B in longs were liquidated in the past 7 days.
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๐บ๐ธ BANKS: US banks are sitting on $395B in unrealized losses on Investment Securities for Q2, per the FDIC. #bank #Q2
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