Bitcoin Nears $84K Max Pain Zone
Bitcoin’s price nears a “max pain” range of $73,000-$84,000, highlighting institutional cost bases for @BlackRock’s IBIT ETF and MicroStrategy as potential deep discount zones. #Update #Crypto $BTC
Ethereum Treasury Offloads 10922 ETH Amid Price Crash
@FGNexus sold 10,922 $ETH for $33M to fund an 8% share buyback, shifting from plans to expand its Ethereum holdings. The stock buyback was at $3.45/share, below NAV of $3.94. #Update #Crypto $ETH
MARS and MERCURY Share Classes Launch Successfully
@Metaplanet has launched Bitcoin-backed preferred shares MARS and MERCURY, aiming to raise $150M. MARS offers adjustable dividends; MERCURY provides a fixed 4.9% annual rate. #Update #Crypto $BTC
Bitcoin Slumps to $86K Discount Zone
@Bitwise analyst André Dragosch identifies Bitcoin’s “max pain” zone between $84K and $73K, with significant ETF outflows signaling liquidity concerns. #Update #Crypto $BTC
Bitcoin Ownership Persists Amid Quantum Threats
Ray Dalio confirms he holds about 1% of his portfolio in $BTC, citing concerns over traceability and quantum computing threats to its adoption as a reserve currency. #Update #Crypto $BTC
Ethereum Launches Interop Layer for Unified Chain
Kraken files for U.S. IPO post $800M raise; Ethereum Foundation unveils Interoperability Layer for unified chain experience. #Update #Crypto @Kraken
Dogecoin Struggles: Key Resistance Zone Blocks Rally
Dogecoin’s price remains in a downtrend, struggling to break the $0.163-$0.167 resistance zone, trading around $0.1566 with continued selling pressure. #Update #Crypto $DOGE
Ethereum: FG Nexus Sells 10,922 ETH
FG Nexus sold 10,922 $ETH in October for its share repurchase program, joining other DAT firms reducing crypto holdings. #Update #Crypto $ETH
Bitcoin Crashes Below $87,500 Triggers $250M Liquidation
Rep. Warren Davidson introduced the Bitcoin For America Act to allow federal tax payments in $BTC without capital gains tax, enhancing U.S. financial security and creating a Strategic Bitcoin Reserve. #Update #Legal $BTC
Bitcoin Breaks Ground with Davidson’s BTC Reserve Act
Rep. Warren Davidson introduces the ‘Bitcoin for America Act’, allowing federal tax payments in Bitcoin, establishing a Strategic Bitcoin Reserve to enhance U.S. digital asset standing and financial stability. #Breaking #Crypto $BTC
USDT Adoption Soars as Tether Backs Parfin
Tether has invested in @Parfin to enhance USDT’s institutional use in Latin America, aiming for on-chain settlements and cross-border payments. Tether’s market cap is $183.73B. #Update #Crypto $USDT
Bitcoin Not Ready for Reserve Role Says Dalio
Billionaire Ray Dalio maintains a cautious view on Bitcoin, holding 1% of his portfolio unchanged for years, citing structural issues and quantum threats as barriers to its reserve currency status. #Update #Crypto $BTC
Securitize Expands Global Asset Reach with Plume
@Securitize is partnering with @Plume to launch institutional-grade assets on its Nest staking protocol, targeting $100 million in capital by 2026. #Update #Crypto $BTC
Avalanche Launches Real-Time Music Royalties
Record Financial uses Avalanche to pay music royalties in USDC, bypassing intermediaries for real-time transparency. Expansion plans include film and gaming. #Update #Crypto $AVAX