Cryptoz

#eth
🐋 Whales buy back Ethereum on correction.

Over the past 2 days, 5 large investors have accumulated 323.523 ETH ($1.12b).

Meanwhile, Bitmine and SharpLink’s total loss on Ethereum increased to $2.57b.

@Сryptoz ₿

📉 CryptoQuant: Bitcoin may drop to $72,000 if it does not hold the $100,000 level.

The reason is weak demand after the largest liquidation on October 10 at $20b.

Since then:
⊹ Spot purchases of BTC are decreasing.
⊹ Outflows continue from crypto-ETF.
⊹ There is a negative premium on Coinbase (BTC is traded cheaper on Coinbase than on other exchanges).
⊹ Bull Score index from CryptoQuant - 20 out of 100, bright bear zone.

Context:
⊹ Bitcoin fell below $100k for the first time since June. ⊹ Other crypto assets are also in the red: «GMCI 30» (TOP-30 largest cryptocurrencies) -9% per day.
⊹ Investors are going to risk-off - they fear new tariffs, a pause of the Fed with the rate and a weak stock market.

At the same time, CryptoQuant and Hashdex believe that the $100,000 level is more psychological than fundamental.

Strong factors remain:
⊹ Record inflows to Bitcoin ETF since the beginning of the year.
⊹ Corporations continue to increase Bitcoin on balance sheets.
⊹ Completion of the Fed’s #QT can return liquidity to the markets.

@Сryptoz ₿

🧸 Welcome to the bear market...

Twitter is already trumpeting that Bitcoin has officially entered the bear market stage, having collapsed by 20% since the peaks of October 6.

@Сryptoz ₿

😂 Trader Machi Big Brother was liquidated again...

His HyperLiquid account has a miserable $1718 left.

He once earned more than $44,000,000 - but now all his profit has turned into $15,000.00 in losses.

@Сryptoz ₿

❌🇺🇸 Donald Trump said that SNAP program benefits will be issued only after the U.S. government resumes its work.

More than 40,000,000 Americans rely on the SNAP program - monthly benefits are about $8,200,000,000 (now payments are frozen).

The decision may affect low-income families, pensioners and recipients of social benefits, for whom SNAP is the main source of food support.

@Сryptoz ₿

#breaking
😐 Marketmaker DWF Labs hid the hack for $44,000,000 - ZachXBT/tanuki42

In September 2022, the hacking group AppleJeus, associated with North Korea, stole assets of $44m from DWF Labs - mainly #USDC and #USDT.

The market maker has never publicly commented on this incident.

@Сryptoz ₿

🤯 Traders are actively betting on the decline of #BTC and #ETH - they are short (liquidation card)

➤ With a sharp increase in ETH to ~$4000, the volume of liquidations of SHORT-positions will exceed $5,700,000,000.

➤ With a sharp increase in BTC to ~$117,600, the volume of liquidations of SHORT positions will exceed $10,290,000,000.

@Сryptoz ₿

👏 #ZK The founder of ZKsync proposes to update the tokenomics of the project - twitter

The main idea is that all income generated by the network should be directed to the redemption and burning of ZK tokens, staking and financing of the ecosystem.

@Сryptoz ₿

💀 DeFi feverish - another $285,000,000 is under threat...

➠ Stream Finance reported a loss of funds of $93m.

➠ YieldsAndMore analysts believe that Stream Finance’s problems carry a potential risk for $285m assets in the DeFi ecosystem.

➠ Stream funds were distributed over many DeFi protocols - Elixir, TelosC, MEV Capital, Morpho, Silo, Euler and others.

➠ Money passed through synthetic tokens #xUSD, #xBTC and #xETH, which were used as collateral on different platforms and repeatedly redistributed between them.

➠ Most under the sights are: TelosC - potentially can lose $123.6m, Elixir - $68m, MEV Capital - $25.4m.

➠ Elixir’s situation is particularly alarming - about $68m, or 65% of their stablecoin deUSD reserves, are placed in Stream Finance and are now blocked. Refunds are suspended while legal review is underway.

➠ The risk map is incomplete, new points of infection may appear as items are liquidated and contracts are audited.

➠ The Stream incident was the third major blow to DeFi in a week

@Сryptoz ₿

🔽 Money outflows from American Bitcoin and Ethereum ETF (SV) continue

Net outflow for yesterday:

▪#BTC = -$186,510,000.
▪#ETH = -$135,760,000.

@Сryptoz ₿

#onchain
😐 CryptoQuant: In 24 hours, short-term holders sold 28,600 BTC ($2.98b) at a loss.

@Сryptoz ₿

#ftt
⚖️ FTX changed their minds to deprive customers from Russia, Ukraine and China of payments.

The exchange withdrew its petition, according to which customers from «problem countries» (China, Russia, Ukraine, Pakistan, Saudi Arabia, etc.) could lose their money.

Context:
FTX planned to introduce a special procedure - if it is difficult to pay funds in a particular country due to laws or sanctions, then:
• The country is recognized as «restricted».
• Creditors are given 45 days to challenge the decision.
• If there are no objections, their claims are written off, and the money is returned to the general trust.

After the pressure of creditors (including 300 Chinese who sued) - the exchange withdrew this plan.

@Сryptoz ₿

🤯 Coinglass: The whale on the HTX exchange liquidated the LONG position at $34m with one order (in the BTC/USDT pair)...

@Сryptoz ₿

🇧🇷🇭🇰 #LINK Chainlink provides cross-border settlements between the Central Bank of Brazil and Hong Kong - announcement

The Central Bank of Brazil, Hong Kong Monetary Authority, Banco Inter, Chainlink, Microsoft Brazil, 7COMm, Standard Chartered and GSBN have completed the first successful test of cross-border settlements using #CBDC and CCIP Chainlink infrastructure.

@Сryptoz ₿

🎉🇺🇸 #XRP Ripple launches a brokerage platform for trading digital assets in the United States - announcement

Ripple Prime is a new service that allows institutional clients to make OTC transactions with dozens of tokens, including #XRP and #RLUSD. Includes spot trading, derivatives, currency transactions and swaps.

The launch followed the completion of the acquisition of prime broker Hidden Road, whose solutions are now integrated under the Ripple Prime brand.

@Сryptoz ₿

🔥 Michael Saylor bought 397 BTC ($45.6m) - announcement

Purchase price: ~$114,771.

Now on the Balance Sheet Strategy 641,205 BTC ($69b).

@Сryptoz ₿

❌🇺🇸 #TON Nasdaq Exchange sent an official letter of reprimand to TON Strategy for violation of listing rules - document

➤ «The company made important decisions without the necessary approval of shareholders».

➤ If TON Strategy does not correct the violation, the company may face delisting.

➤ Now TON Strategy balance sheets store TON tokens worth almost $500,000,000.

➤ Recall that earlier the company was called Verb Technology, and 110 institutional and crypto investors took part in the formation of the TON reserve.

@Сryptoz ₿

🧐 SV: Net inflows / outflows of funds in spot ETFs for the past week.

⊹ Bitcoin ETF (#BTC) = -$798,950,000.
⊹ Ethereum ETF (#ETH) = +$15,960,000.
⊹ Solana ETF (#SOL) = +$199,210,000.
⊹ Hedera ETF (HBAR) = +$44,390,000.
⊹ Litecoin ETF (#LTC) = +$719,970.

@Сryptoz ₿

😐 Robert Kiyosaki again prophesies a «large-scale collapse».

THE MASS COLLAPSE BEGINS. Millions of $$$ will be destroyed. Protect yourself. Bitcoin, Gold and Silver will save you.

According to Grok, in the last year alone, Kiyosaki mentioned the word «crash» in at least 32 Twitter posts.

@Сryptoz ₿

#Calendar
⚡️ Calendar of key events for this week:

Monday, November 3:
🇺🇸 USA - S&P Manufacturing PMI (oct) - 17:45
🇺🇸 USA - ISM Manufacturing PMI (oct) - 18:00

Tuesday, November 4:
🔥 USA - number of open vacancies in the labor market JOLTS (Sep) - 18:00

Wednesday, November 5:
🇺🇸 USA - The Supreme Court will consider the legality of Donald Trump’s duties
🇺🇸 USA - ADP Nonfarm Employment (oct) - 16:15
🇺🇸 USA - S&P Services/Composite PMI (Oct) - 17:45
🇺🇸 USA - ISM Services PMI (oct) - 18:00

Thursday, November 6:
🔥 USA - Nonfarm Payrolls (Act) - 16:30
🔥 USA - Unemployment level (oct) - 16:30
🇺🇸 USA - Initial Jobless Claims - 16:30

Friday, November 7:
🇺🇸 USA - Consumer inflation expectations (oct) - 17:00

P.S. U.S. macro data may not be released due to the suspension of the U.S. government.

@Сryptoz ₿