X @Santiment

Crypto Market & Investment - Saudi Arabia is entering the Bitcoin mining sector, aligning with a $1 trillion investment in the U S and collaborations on a 500 MW AI supercomputing project [1] - Kraken has confidentially filed for a U S IPO, following an $800 million funding round valuing the company at $20 billion, targeting 2026 [4] - BlackRock has filed for a new staked Ethereum Trust in Delaware and transferred over $800 million in Bitcoin and Ethereum to Coinbase Prime, signaling preparation for a staked ETH ETF [5] Market Dynamics & Sentiment - Bitcoin dipped below a key cost-basis level, suggesting potential bear market conditions, while indices like $SPX and $YM_F show potential upside [2] - Markets are closely watching Nvidia's earnings for its impact on broader market sentiment [2] - The odds of a December Fed rate cut have fallen below 43% due to the cancellation of the October jobs report and delayed November data, causing market volatility [3] Regulatory & Geopolitical Factors - The US Senate plans to vote on a crypto market structure bill in December, adding bullish momentum for Bitcoin [2][3] - President Trump designated Saudi Arabia as a major non-NATO ally, strengthening economic and technological ties [1]