Core Insights - Bitcoin has experienced a significant surge, surpassing $94,000 after a period of flat trading between $88,000 and $92,000, indicating a strong market breakout [1] Group 1: Market Dynamics - Heavy inflows into major institutional and exchange-linked wallets were observed prior to the rally, suggesting that deep liquidity buyers initiated the movement [2] - The rapid breakout indicates that order books thinned quickly as demand exceeded range resistance, leading to a shift in market structure and increased momentum as short positions were closed [3] - Over $300 million in total crypto liquidations occurred within 12 hours, with Bitcoin and Ethereum accounting for over $46 million and $49 million respectively, primarily from short positions [3][4] Group 2: Regulatory and Sentiment Factors - The rally was supported by a policy update from the US Office of the Comptroller of the Currency, allowing banks to engage in riskless principal crypto transactions, which may have encouraged institutional positioning [6] - Anticipation of the Federal Reserve's rate decision is influencing trader sentiment, with expectations of easier liquidity conditions if rate cuts are confirmed [6]

Tell us the rationale here. Why by that part of the business. Yeah.Thank you so much. Great to be here. First, I'd like to lay the foundation for for where we are.And so the first piece is that we're seeing unprecedented levels of regulatory support from the White House, from the DOT, from the FAA, really leaning in. You also have regulators around the world so excited about this new age of aviation. Second is where the job team is.We've been knocking out of the park on certification and really delivering o ...