Crypto markets are jittery today, with fear spreading from Wall Street into digital assets. Traders are watching for a bounce, but the mood is cautious and everyone is waiting for the next shoe to drop.
🚨 Nvidia CEO Jensen Huang resigned and exited the board, sending shares sharply lower. The selloff spilled into crypto as Bitcoin ETFs logged five straight sessions of outflows, and stablecoin supply fell $14.2B in its biggest 30-day drop since June 2022.
🔴↓ Initia confirmed its second exploit in three weeks, with $3.27M stolen in the latest attack. Ouch. The token got hammered, and the community is asking hard questions about security audits.
🟢↑ TON Strategy reported $13.1M in Q3 revenue from GRAM staking, but a $24M net loss kept the headlines mixed. Still, GRAM bounced, showing some traders like the staking story.
⚠️ Aave founder Stani Kulechov warned about immutability risks in DeFi. His point: code that can't be changed is great until a bug shows up. Expect a loud debate about upgradeability versus trust.
🔐 SafePal users are getting targeted by phishing letters after a customer data breach. If you hold assets there, double-check every message and never share your seed phrase, no matter how official it looks.
🤖 Anthropic's pre-IPO perp closed at $103.93, 33% above its filed range. AI hype is clearly still alive, even as public markets wobble.
Top movers after news:
🔴↓ INIT -56.09%
🟢↑ GRAM +9.58%
🔴↓ AAVE -8.10%
Is Huang's exit a buying opportunity or a warning sign for AI-linked assets? 🤔
Did Initia's second hack make you rethink young chains? 👀
Would Stani's immutability warning change how you pick DeFi protocols? 💬
Follow me for tomorrow's digest 🔔