FTX’s recovery starts

Plus: Is China controlling folks with nano chips?

GM. Feeling squeezed by the market immediately? Allow us to serve up the juiciest tales, no pits, no pulp, all taste.

💰 FTX begins repayments.

🍋 Information drops: China’s thoughts management, Grok 3 flexing on different AI + extra

Btw, only a fast heads-up earlier than we begin – I’ll be shortly off, recharging and gathering recent fruits (aka nonetheless interested by crypto).

Don’t fret tho’, you received’t be left hanging! Whereas I’m on trip, I am going to ship you quick & snappy updates anyway.

Slightly breather means coming again stronger, so count on additional candy takes and even juicier insights quickly! 😏

🍍 Market taste immediately

The market immediately feels kinda like unhappy, store-bought bread (NOT the bakery type; these truly slap). It is wonderful. It exists. I positively would not write a poem about it.

However in response to Bernstein analysts, this flavorless part received’t final eternally. They imagine Bitcoin’s bull run continues to be on – and the reason being establishments.

Bernstein factors out that Trump’s crypto process drive is engaged on the concept of a US Bitcoin reserve. If that truly occurs, different international locations might really feel the stress to do the identical = a world FOMO race for Bitcoin as a reserve asset.

And it’s not simply governments. Banks, hedge funds, and large firms are additionally warming as much as Bitcoin. If this retains up, BTC might actually change into gold’s largest rival.

In the meantime, ETH is lastly exhibiting indicators of life – it briefly bounced again above $2.8K and outperformed most altcoins.

However the true bullish sign? The availability shock taking place behind the scenes.

In line with Santiment, Ethereum is leaving exchanges at an insane tempo. Solely 6.38% of ETH’s complete provide continues to be on buying and selling platforms – the bottom stage since Ethereum was created.

Why does that matter? As a result of when fewer cash are on exchanges, it normally means individuals are shifting them to chilly wallets as a substitute of on the point of promote. That’s a powerful indicator of confidence in Ethereum’s future.

Might this be what ETH must shake off its flop period? If the broader market picks up, it simply would possibly.

Solana is kinda beefing with the market rn, and it’s all due to its affiliation with memecoins – fixed rug pulls on Solana-based tokens have left buyers feeling traumatized.

Brief positions on SOL at present outweigh longs at a 4:1 ratio. In plain English, meaning for each dealer betting on SOL’s value to rise, 4 are betting it’s going to drop. Not precisely screaming confidence.

Not everybody’s bearish, tho’. In line with dealer Xremlin, short-term ache is probably going, however Solana nonetheless has some main strengths:

Greatest neighborhood in crypto;

Most user-friendly blockchain;

Good advertising methods;

A few of the most proficient devs;

And a possible SOL ETF.

So whereas SOL may not hit new highs this cycle, it is nonetheless obtained sturdy fundamentals protecting it within the prime ranks.

🥝 Memecoin harvest

Some folks guess on shares, others on sports activities… after which there are these printing positive factors on no matter these are:

Information as of 09:15 AM EST.

Take a look at these memecoins and lots extra right here.

It is 2060. You are in the lounge together with your grandson, each of you having fun with the silence. Out of nowhere, he asks, “Hey, what was November 2022 like?”

You stare into the void for a second. Then, with a critical look, you say, “November 2022, child… was the month that constructed my character.”

That was when FTX crashed, dragged over 130 subsidiaries down with it, pushed BTC all the way down to $16K, and triggered the longest crypto winter ever.

Quick ahead to immediately, and there is lastly some excellent news. FTX Digital Markets (the Bahamian arm of FTX) is paying again $1.2B to its first group of collectors – these owed lower than $50K.

And this is not simply good for the collectors. Give it some thought: a bunch of crypto lovers are about to get their palms on some recent money. Everyone knows what meaning – again to crypto it goes, child! 😎 (That is me manifesting, btw.)

Plus, this would possibly elevate investor sentiment by exhibiting that the business is bouncing again from the FTX catastrophe.

On the similar time, the repayments are primarily based on 2022 costs. And that… hurts a bit.

Bitcoin alone has elevated over 370% since then, so whereas getting paid is good – it is best not to consider how rather more it might’ve been.

That stated… a win is a win?

Now you are within the know. However take into consideration your mates – they in all probability do not know. I’m wondering who might repair that… 😃🫵

Unfold the phrase and be the hero you might be!

🍋 Information drops

🤨 A thriller coder named Hu Lezhi despatched $2M in ETH to WikiLeaks. Together with it got here a wild declare – China’s army is utilizing nano chips to manage folks. Both we’ve obtained a real-life sci-fi plot unfolding, or somebody’s been watching an excessive amount of Black Mirror…

🤖 Grok 3 simply sh*tted on ChatGPT, Gemini, and DeepSeek in a blind neighborhood check. It outscored them by not less than 10 factors in math, science, and coding.

😐 Argentina’s president, Javier Milei, insists he didn’t promote the Libra token – he simply “unfold the phrase”… lol what? “Your honor, I didn’t begin the combat – I simply created a live-action demonstration of gravity.”

👋 Ben Chow, co-founder of Meteora, resigned after getting hit with insider buying and selling allegations. His departure follows months of poor decision-making as mission lead.

💊 The founding father of Pump.enjoyable stated he was disgusted by the LIBRA memecoin drama. He added that he now desires stricter guidelines for token launches.