Market is red! 🩸

Over $1.50 trillion was wiped out from the US stock market today. S&P 500 is down 2.95% in the last 24 hours 📉

More than $660 million was liquidated from the crypto market during the last day 🫡

During the FOMC Federal Reserve Chair Jerome Powell says the Fed is "not allowed to own Bitcoin."

He also said it might take 1-2 years for inflation to reach 2%, which is not bullish 😔

✅ Hawkish Fed chief's speech spooked market, fears of easing policy slow down send prices down and bond yields rising 🕯

Daily Digest:

🔸 Solana did more transactions than combined activity on all other blockchains hitting a new ATH in daily transactions

🔸 Wyoming Senator has declared 2025 to be 'the year for Bitcoin and digital assets'

🔸 The Federal Reserve cut rates by 25 basis points as expected ✅

🔸  The Fed's PCE inflation expectation for 2025 rose to 2.5%, a bearish sign

🔸 Europol seized $26 million in crypto from nine drug traffickers 👮

🔸 Deutsche Bank has announced that it's launching its own Ethereum layer 2 blockchain

🔹 Prices:

🥇 Bitcoin - $99,326 (↓0.5%)
✨ Ethereum - $3,574 (↓1.1%)
🧪 S&P 500 - 5,872 (↓2.95%)
🕗 DXY - 108.03 (↑1.15%)
🌉 Gold - 2,610 (↑0.94%)

How to check your crypto airdrops 🔍

Airdrops are free token distributions. They can appear months after you’ve used a certain protocol or held a specific NFT, easily slipping under the radar 👁

For instance, one user discovered $1,000 worth of tokens in an old wallet they rarely checked, all thanks to simple scanning tools designed for this purpose 👇

🪂 Checkdrop by Byzantine is very good if you have no idea which airdrop you are eligible of receiving. This service only supports EVM wallets.

🪂 Checker by DiligenceDAO offers a similar service but it's more useful if you need to check many different wallets. This checker supports more networks, for example Solana and Grass.

📌 Save this post for later

#FAQ

BTC's attempt to hold the $100k level doesn't look successful 😐

Are you buying this dip? Vote with reactions:

Yes, I'm buying — 👍

No, waiting — 🫡

Someone just paid 8.1 BTC transaction fee for a BTC transfer 🤬

That's around $791,000 in fees for a single transaction on the Bitcoin blockchain 😅

In the past 24 hours more than 302,000 traders were liquidated, the total liquidations come in at $1.03 billion 😮

Late longers suffered the most, with $859 million of long positions getting liquidated during the last day 📊

✅ Today, bitcoin fell below $96,000, building on Wednesday's market-wide selloff spurred by Federal Reserve Chairman disappointing investors with his comments on expectations for U.S. interest rate cuts next year 🇺🇸

Daily Digest:

🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court 👮

🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin 

🔸 10% of Ethereum validators are signaling support for raising the gas limit which could result in up to 33% reduction in transaction fees 🪙

🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO

🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"

🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin

🔹 Prices:

🥇 Bitcoin - $97,193 (↓3.2%)
✨ Ethereum - $3,411 (↓6.1%)
🧪 S&P 500 - 5,867 (↓0.09%)
🕗 DXY - 108.48 (↑0.07%)
🌉 Gold - 2,597 (↑0.11%)

Well, he really did 👍😇

Good morning, the market is nuking, BTC dropped below $93k, ETH is testing $3,100 support 🔽🐻

If we will bounce back to $100k more than $3.5 billion in Bitcoin short positions will be liquidated 📊

This will fuel likely fuel a pump to the new all-time highs 🤔

On the prediction market platform Polymarket there were bets on whether Jerome Powell would say the word “Bitcoin” during the FOMC press conference 🗳

The odds for YES and NO were 1:10, but he did say the word. However, this only happened as a response to a question asked from an Axios news website reporter 🤔

On the Polymarket platform, it can be seen that the biggest “Yes” bet was made by an account named “Axios” 🤣

Genius insider trading, or did someone decide to troll a news website?

BlackRock, the largest asset manager in the world, has released a video ad about Bitcoin. This is a major sign that the biggest financial players now recognize Bitcoin as worth understanding 🤑

For new investors, this is huge. Bitcoin is moving from a fringe idea to something even the most traditional institutions are explaining and embracing 👍

This should bring more trust and confidence. It can encourage more people to consider Bitcoin as a long term investment, not just a passing trend 💰

✅ The crypto market went on a roller coaster ride, at one point Bitcoin fell to $92,000, followed by a 5.8% pump to almost $98k 🕯

Daily Digest:

🔸 Global neobank Revolut listed the BNB coin

🔸 Canadian biopharmaceutical company Quantum BioPharma has added Bitcoin and other crypto to its balance sheet

🔸 BlackRock posted a Bitcoin explainer video, which added a disclaimer that there’s no guarantee that the 21M max supply rule won’t be changed 🤔

🔸 A lawmaker in South Korea faces six months in prison for allegedly refusing to report $4 million in crypto

🔸 Rumble is in a deal for a $775 million strategic investment from stablecoin issuer Tether

🔸 Crypto liquidations have hit $1.4 billion over the past 24 hours 😨

🔸 Co-founder of Tornado Cash wants charges against him to be dropped after sanctions against his software were dropped

🔹 Prices:

🥇 Bitcoin - $97,419 (↓0.1%)
✨ Ethereum - $3,468 (↑1.3%)
🧪 S&P 500 - 5,930 (↑1.09%)
🕗 DXY - 107.82 (↓0.55%)
🌉 Gold - 2,623 (↑1.1%)

Here is what happened today when bears started celebrating 10% BTC dump 👍☝️

What is OI? 🛫

Open Interest (OI) represents the total number of outstanding futures or options contracts that haven’t been settled yet 🕯

For each buyer of a futures contract there must be a seller. From the time the buyer or seller opens the contract until the counter-party closes it, that contract is considered 'open'.

↗️ Right now, Bitcoin-denominated open Interest (orange line) sits lower than in the last bull run, revealing more subdued leverage usage.

👀 Traders appear cautious, entering fewer high-risk futures bets. This signals a shift from peak speculation toward steadier, possibly more institutional-driven activity.

This more balanced stance can reduce the likelihood of sudden price collapses driven by mass liquidations (like last time in 2022) 🐻

#FAQ

One whale bought more than 340,000 Ethereum coins in the last 4 days worth over $1 billion dollars 🛫

Does he know something we don’t? 👀

Is this the key to understanding crypto market cycles? 🔍

On the chart you can see the previous two and the current market cycle. Each previous one lasted approximately 47 months (almost 4 years).

↗️ The bull market phase in the previous two cycles lasted for 1065 days (almost 3 years), after which a bear market began.

If things repeat once again, we are in for the end of the bull market in October 2025 📆

📌 Save this cheat sheet for later

Remember Richard Heart? The founder of PulseChain, known con artist and clown, is now wanted by both Interpol and Europol for committing tax fraud and assault 👮

✅ Bitcoin fell 8.5% for the week and Ethereum fell as much as 15.6%, liquidating billions of dollars in long positions in the process of the market correction 📉

Weekly news digest:

💎 Crypto

🔸 European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve

🔸 Representative of Ohio filed a bill to create a strategic Bitcoin reserve for the state

🔸 Deutsche Bank has announced that it's launching its own Ethereum layer 2 blockchain ⛓️‍💥

🔸 Hut 8, one of North America’s largest Bitcoin miners, has announced a $100 million purchase of Bitcoin

🔸 10% of Ethereum validators are signaling support for raising the gas limit which could result in up to a 33% reduction in transaction fees

🔸 $PENGU memecoin was launched, check this post for more info about the airdrop, you might be eligible

🔸 Ripple launched US dollar-backed RLUSD stablecoin

🏦 Crypto Exchanges

🔸 Global neobank Revolut listed the BNB coin

🔸 Exodus Movement has been approved for listing on the NYSE American by the SEC

💵 Finances and Economy

🔸 Rumble is in a deal for a $775 million strategic investment from stablecoin issuer Tether
 
🔸 The Federal Reserve cut rates by 0.25% 🇺🇸

🔸 Tether has invested in Malta-licensed stablecoin firm StablR

🔸 The Fed's PCE inflation expectation for 2025 rose to 2.5%

⚖️ Law and Order

🔸 Fake Satoshi Craig Wright was given a one-year suspended sentence for contempt of court
 
🔸 Investors filed a lawsuit against several entities involved in the launch of the Hawk Tuah memecoin
 
🔸 Europol seized $26 million in crypto from nine drug traffickers

🔸 Nearly 800 people were arrested in Nigeria in connection to crypto romance scams

🔸 CyberKongz NFT collection has received a Wells Notice from the SEC

🔸 Interpol has issued a "Red Notice" for Hex founder Richard Schueler

 🗣 Personalities

🔸 Mo Shaikh, co-founder of Aptos Labs, announced that he's stepping down as CEO
 
🔸 Senator Lummis says Bitcoin “will continue to grow, where the US Dollar will continue to decline in value"
 
🔸 Donald Trump met with Crypto.com CEO Kris Marszalek to discuss the nation’s crypto policies

🚀 Best performers of the week:

MOVE - $0.78 (↑27.3%)
Bitget Token - $4.13 (↑26.1%)
Hyperliquid - $29.35 (↑8.0%)