Market Trends & Analysis - BTC fell from $91,000 to $86,000 despite supportive macro factors [1] - The drop was driven by Asia shocks, BOJ's hawkish tone and China's weak PMI [1] - Worries arose after Strategy hinted it could sell BTC if its mNAV breaks [1] Investment & Risk - Focus is now on whether BTC can hold its recent lows [1] - Macro factors such as the end of QT, rising rate-cut odds, and positive ETF flows provided support [1]

Former Citi crypto research lead Joseph responded to Arthur Hayes’ Tether critique, arguing that Tether’s disclosed reserves don’t represent its full corporate balance sheet and that the company also holds significant equity, mining operations, and other assets. He said Tether is highly profitable, earning billions annually from its Treasury holdings and could sell equity to cover any reserve gaps, making insolvency unlikely. https://t.co/xEWRXILGpo ...

Digital asset ETPs recorded US$1.07bn in inflows after four weeks of heavy outflows, helped by hopes of an imminent US rate cut following comments from FOMC member John Williams. Bitcoin, Ethereum and XRP attracted strong inflows, attracting US$464m, US$309m and a record US$289m respectively. https://t.co/FjhhOwWxy3 ...

Arjun Sethi: CEXs and DEXs Will Ultimately ConvergeOn October 30, Kraken Co-CEO Arjun Sethi said in an interview on PondTalk with Blew that CEXs and DEXs are no longer opposing paradigms, but rather different expressions of the same coordination function. He outlined three phases in the evolution of crypto trading: the custody era, the smart-contract era, and the emerging "hybrid era", characterized by unified liquidity, compliance bridging, and on-chain identity systems. Arjun noted that CEXs and DEXs will ...

Bitcoin & Digital Assets Acceptance - The financial world is increasingly accepting Bitcoin and digital assets, despite initial challenges from credit rating agencies, regulators, and Basel regulations [1] - Institutions that once assigned Bitcoin a value of zero have begun to accept it [1] Market Dynamics & Investment Opportunities - MicroStrategy believes that the free market will allocate capital to Bitcoin if it is truly superior to gold as digital capital [1] - Short-term decisions by index managers, insurers, or banks will not change the long-term trend of Bitcoin adoption, but rather create opportunities for other investors [1] Company Perspective - MicroStrategy believes that inclusion in the S&P 500 is not critical to its long-term success [1]

Cryptocurrency Exchange Volume - Global cryptocurrency exchange spot trading volume decreased by 267% from October to November [1] - Global cryptocurrency exchange spot trading volume reached $159 trillion in November, the lowest since June [1] Centralized Exchange (CEX) - Centralized exchange volume totaled $159 trillion [1] Decentralized Exchange (DEX) - Decentralized exchange volume dropped about 30% month-over-month to $39778 billion [1]

According to Nikkei, Sony Bank plans to issue a U.S. dollar-pegged stablecoin in the United States as early as fiscal 2026 for payments within Sony’s ecosystem, including games and anime. The bank applied for a U.S. banking license in October and will establish a subsidiary to oversee the stablecoin business. https://t.co/RLy1K5hClI ...

From Nov. 24 to Nov. 28 (ET), spot Ethereum ETFs recorded a net inflow of $313 million, turning positive after three consecutive weeks of outflows. Spot Bitcoin ETFs saw a net inflow of $70.05 million, ending four straight weeks of outflows. Spot Solana ETFs posted a net inflow of $108 million, marking the fifth consecutive week of inflows. https://t.co/Co2eWipqtd ...

According to The Japan Times, Japan’s two-year government bond yield rose to 1%, the highest since 2008, signaling market expectations that the Bank of Japan (BOJ) is nearing a rate hike. The five-year and ten-year yields climbed to 1.35% and 1.845%, respectively, while the yen strengthened 0.4% to 155.49 against the dollar. Markets now price in a 76% probability of a BOJ rate hike at its December 19 meeting, rising to over 90% for January. https://t.co/TC4dNJj8n3 ...

According to Tokenomist, major one-time token unlocks (over $5 million) in the next seven days include ENA and EIGEN. Linear daily unlocks (over $1 million per day) during the same period include SOL, TRUMP, WLD, DOGE, ASTER, and AVAX, with a total unlock value exceeding $218 million. https://t.co/8qHRa19TW6 ...