币圈荒木

Came across this about Germany’s biggest bank in the middle of the night 😮

Deutsche Bank, ticker symbol DB
Its crypto custody service for corporate and institutional clients
officially went live for paying clients today

It supports BTC and ETH
as well as USDC, EURC, and EURAU
The bank manages your wallet and private keys
Retail clients aren’t included this time

It submitted paperwork to regulators in June 2023
and the process took about 41 months
The license now covers around 30 European Economic Area countries
Today, it also signed a digital asset partnership memorandum with its asset management arm
Asian financial centers will have to wait until 2027

A major bank is turning custody into a corporate service
I’ll keep DB on my radar

Waited until 21:30
The numbers are out

U.S. October CPI rose 0.4% month over month
Above expectations of 0.3%
Core CPI rose 0.3% month over month
The forecast was 0.2%
No year-over-year figure this time
The government shutdown last year left no comparable data

They just said this afternoon
If core CPI comes in at 0.3% or higher
A 50-basis-point hike still needs to be considered
This time it landed right on that threshold

Markets moved lower at first
Nasdaq 100 futures fell about 1%
S&P 500 futures fell about 0.4%
The 2-year Treasury yield rose to around 4.70%
Up about 15 basis points from earlier

A 25-basis-point hike in December is now fully priced in
The probability of a 50-basis-point hike is around 13.6%

BTC dropped to around 73,800
Just note the numbers for now

I was going to lie down and wait for the 9:30 p.m. CPI release
But Waller spoke first

The Fed governor spoke in London today
He said that even if October CPI is a little better than September’s
he’d still lean toward supporting a 25-basis-point hike in December
If core CPI comes in around 0.3% month over month or higher
we’d also have to consider going straight for 50 basis points

As soon as he said that
Nasdaq 100 futures slipped about 0.3% to 0.5% in the short term
Spot gold fell below 4,090
down about 1.2% on the day
Silver was down about 2%
The 2-year Treasury yield briefly climbed to around 4.599%

BTC is still hovering around 74,500
The market had already largely priced in a 25-basis-point hike in December
Now there’s the option of 50 if needed

Tonight’s numbers aren’t out yet
But let’s keep this comment in mind

Scrolling at night and saw another update on Tom Lee’s ETH holdings 😅

Bitmine BMNR
Bought another 9,587 $ETH last week
For roughly $20.3 million

Total holdings now stand at around 6,070,092 ETH
About 4.97% of the circulating supply
Roughly 40,000 ETH short of their stated “Alchemy of 5%”

Around 5,227,037 ETH have been staked
A staking rate of about 86%

The company says its total assets, including crypto and cash, are worth around $14.3 billion
It also holds 216 BTC

From 4.97% to 5%
Just one final step to go
Let’s note the numbers for now

I came across this news about a major U.S. bank in the middle of the night 😮

PNC Bank, ticker PNC,
is piloting USDC payments
for corporate and institutional clients

Payments are made on Ethereum
and automatically converted to U.S. dollars at a 1:1 rate
then deposited directly into a designated PNC account

The service is powered by Coinbase’s payments product
(ticker: COIN)
and is initially available to eligible clients on a pilot basis
The bank has around $410 billion in assets

The bank is integrating stablecoin payments into its treasury workflows
to streamline cross-border and corporate settlements
I’m keeping an eye on this one

Scrolling on my phone in the middle of the night and came across this 😮

Cosmos and the Interchain Foundation officially announced
that they’re contributing the IBC cross-chain protocol to the Linux Foundation
where it’ll be hosted under LF Decentralized Trust
with neutral governance

IBC has been running in production since 2021
processing over $50 billion in transaction volume over five years
across hundreds of networks
and the code is still open source and free
Initial maintainers are Cosmos Datachain and OpenZeppelin

Someone from Google Cloud was watching too
The idea is to make it a more neutral, open interoperability standard
to make it easier for banks and institutions to come on board

Institutions want neutral standards
So the protocol is moving into a foundation
Noted

Just came across Schwab’s post 😮

Charles Schwab ticker: SCHW
Schwab Crypto accounts
now support trading three more coins

$SOL
AVAX
LINK

BTC and ETH were already available
Now you can buy all five
Fees are about 0.75% per trade

U.S. retail brokerage clients can use it
on Schwab’s website, mobile app, and thinkorswim
It’s not available in some states and regions yet

A traditional brokerage adding crypto to its accounts
I’ll make a note of that

Scrolling through the news about tokenization and the NYSE last night 😮

Ava Labs announced
that Avalanche will provide core ledger technology
to the clearing arm of a digital ATS affiliated with the NYSE

It’s still awaiting regulatory approval
but it’s designed for 24/7 trading, clearing, and settlement

The platform can support stock tokens on multiple blockchains
Avalanche handles the bookkeeping and settlement

Dennis Lee, head of digital issuance at the NYSE, said
the right technology needs to be chosen for each use case
The settlement ledger needs to be fast and reliable
with controlled access and predictable costs

AVAX moved with the news
rising about 8% over the past 24 hours

Wall Street’s tokenization race is already heating up
Nasdaq and DTCC are also laying the groundwork
This time, the NYSE side named Avalanche
Let’s just note the facts for now

I came across Citi’s portfolio adjustment note last night 😅

Ticker C
The strategists cut US equities from overweight to neutral
Global tech was also cut to neutral
European tech was likewise moved to neutral

On the other hand,
European equities ex-UK were upgraded to overweight

The reasoning is pretty straightforward:
AI sentiment is starting to fade after the midterms
And positioning is crowded
The Nasdaq (NDX) may have another roughly 5% to fall
before positioning actually turns bearish

They’re still constructive on AI over the medium term
They just want to wait for positioning to clear out first

Last Thursday, the Nasdaq briefly lost around $2.3 trillion in market cap
Risk appetite for US stocks was already weak
Crypto was subdued too

For now, I’ll just note the bank’s positioning changes
No need to rush into calling the direction

I just came across some pretty significant regulatory news

The U.S. OCC has upgraded Coinbase’s trust charter
from conditional approval in April
to a full federal trust bank charter. $COIN

Basically, this means its custody and payments business
can finally operate under the federal trust bank framework.
It’s not a full-service bank that takes deposits and makes loans, though.

Since the GENIUS stablecoin bill passed,
this kind of charter pathway has been accelerating.
Ripple also just received a full trust charter last month.

The market is still hovering around 74k today,
but the regulatory narrative just got a serious endorsement.
Noted.

I checked my phone first thing this morning
After the Democrats’ big midterm win,
prediction markets got called out too 👀

This Politico piece pulls no punches
It calls out Kalshi and Polymarket directly
Senator Jeff Merkley
and Representative Maxine Waters
are both criticizing the same thing:
that sensitive events like elections, wars, and assassinations
can also be turned into markets for betting
And they’re preparing legislation

Trading volume for election-related contracts this cycle
has already topped about $3 billion
Kalshi alone accounts for roughly $2.5 billion or more

The markets were pretty accurate, though
Kalshi priced the Democrats’ chances of winning the House
at around 93% to 94.5%
and their chances of winning the Senate at around 73.5% to 76%
Both outcomes came through
According to Kalshi’s own data,
of the first 487 races with decided outcomes,
the market favorite won 479

The Chinese-speaking crowd probably didn’t catch up until around 8 or 9 in the morning
The markets may be accurate,
but how regulators will step in is another matter
For now, just keep the numbers in mind

I was jolted awake a little after six this morning 😅

Checked the market:
$BTC plunged straight through 74,000
and bottomed out around 73,510
ETH also broke below 2,125

In just ten or twenty minutes,
liquidations across the market totaled roughly $700 million to $1 billion
with most long positions getting wiped out

I was just thinking,
after trading sideways all night,
then this hit during the morning rush
Leverage really doesn’t let you sleep

Now it’s drifted back to around 74,700
ETH is a little above 2,130
Let’s just note down the numbers for now
No need to start making up a story

Scrolling on my phone on a weekend morning
Nvidia's board issued a statement

They’re launching an independent investigation
to determine whether founder and CEO Jensen Huang
has become a target of a foreign intelligence operation

The investigation will be led by an independent committee of directors,
with outside independent counsel brought in to help review the matter
The statement was carefully worded:
There is currently no reason to believe
that U.S. national security or company secrets have been compromised,
but all the information available will be reviewed

Huang emailed employees on Sunday,
admitting he had been unfaithful to his wife and apologizing
He also said he would cooperate with the investigation
A company spokesperson said
he would continue serving as CEO without interruption

NVDA is already closely tied to the AI narrative these days
For now, just read the statement carefully before the market opens on Monday

I came across the ZetaChain governance vote results last night
They almost put me to sleep, then suddenly woke me up 😅

Proposal 2, also known as on-chain Proposal 70, passed
About 313.6 million ZETA voted in favor
Only around 400 votes against
The approval rate was roughly 99.99%

Around December 9
The snapshot will be taken near block 20755000, and the network will shut down
Once L1 stops, it won’t restart

ZETA will migrate 1:1 to native Solana SPL
Same ticker
Minting authority revoked
No third-party bridge

ZetaHub will open claims that day
Sign a message with your old wallet to link your Solana address
No fees and no SOL required
Don’t hand over your seed phrase
You’ll need around 10 or more to claim

Staked and unbonding balances as of the snapshot will count
Most exchange balances will be swapped automatically
Coinbase (COIN) will also have a separate window to convert ZETACHAIN to ZETA

About 55 million in unissued emissions will be burned monthly through 2027
ZetaLabs’ private AI will also launch on Solana that same day

Mark the big migration on your calendar
No need to keep shouting about it

Added up this week’s spot Bitcoin ETF flows
The numbers are a little eye-watering 😅

As of Friday, U.S. Eastern Time,
U.S. spot Bitcoin ETFs
saw about $1.28 billion in net outflows this week
— their biggest weekly net outflow in nearly 19 weeks

Another $411.9 million flowed out on Friday alone
BlackRock’s BLK IBIT
saw about $403 million leave in a single day
shouldering nearly all of it

Fidelity’s FBTC, by contrast, saw about $43 million in net inflows that day
The lone one in the green really stood out

$BTC is still hovering around 76,000
That’s how the weekly ledger looks for now
No rush to draw conclusions

Came across this NYT article over the weekend
Nvidia (NVDA) is caught up in export scrutiny again 😅

Apparently, the Commerce Department approved around 24 Chinese companies to handle H200 chip assembly or procurement
A reporter visited the sites
New Matrix’s registered address was an empty factory building
with wires still hanging from the ceiling
Maginfra’s office was empty too

Shareholders were also alleged to have ties to a fund linked to the Entity List
The list also includes big names like Baidu, BYD, and Tesla Shanghai
Their quotas are pretty large
but reportedly, actual shipments haven’t yet reached the full amount

Trump had previously cleared H200 sales to China
and the US was also set to take around 25%
The chips are still piled up in Hong Kong
and Chinese import approvals are slow too

The AI narrative doesn’t take weekends off
I’ll just note NVDA and the export scrutiny together for now
Not chasing the hype

Saw this about Aave today
They’re filling in another piece of the lending puzzle 😅

The team says
They’ve acquired the Avon team and technology
Fixed- and variable-rate lending
Plus an on-chain order book
The amount wasn’t disclosed

At first, they’ll focus on fixed rates
Serving institutions, fintech companies, and everyday people
About $33 billion in deposits
About $13 billion in active loans
This is already a sizable market

I’ve been burned by variable rates over and over
And finding a way to lock in a rate in DeFi always seemed difficult
Now even the giants are starting to push fixed rates as a serious product

Whether rates can really be locked in
Still depends on how things roll out
I’ll make a note of it for now—not getting caught up in the hype

I just came across this post from Keplr
Another one-click login fiasco 😅

The team says
some wallets created by signing in with Google or Apple
have had unauthorized transactions
Both social login options have been suspended for now
They’re investigating with Web3Auth

The good news is
wallets restored with a recovery phrase
and hardware wallets
appear unaffected based on the initial assessment

If you created your account by tapping “Sign in with Google/Apple”
don’t add any more funds to it
and don’t rush to import it elsewhere and recreate it
Treat any unofficial recovery links as scams

Convenience and keeping the keys out of your own hands
will always be a toxic pairing
I’m putting social-login wallets on my blacklist

Came across this Hong Kong news at noon:
The SFC is tightening the rules around names again 😅

The consultation has wrapped up
and they’re preparing to amend two ordinances.
Unlicensed firms won’t be able to casually use
combined terms like “crypto exchange” or
“virtual asset trading platform.”

Using “crypto” on its own may not necessarily count,
but pair it with “exchange,” “trading platform,” or “clearing house,”
and people could easily think the firm is licensed.
That line needs to be clearly drawn.

It still has to pass the Legislative Council,
then there’ll be a six-month grace period.
It doesn’t take effect tonight.

Hong Kong’s approach
is starting to look more and more like nailing the doorframe shut first,
then discussing who gets to come in.
I’ll just make a note of it for now—no rush to read it as bullish or bearish.

Just made instant noodles for lunch and came across Strive ASST’s Q3 earnings report 🍜

Q3 net profit: about $509 million
My first reaction was, this company makes a ton of money
Then I looked closer: revenue was only $2.7 million
Nearly all the profit came from about $534 million in unrealized gains on Bitcoin

They picked up another 15,124 coins in October
Bringing their total to 43,124 BTC as of October 30
Just 877 coins behind the second-largest Bitcoin holder among publicly traded companies

The awkward part is
The average purchase price for the Q3 batch was about $78,885
Now $BTC is hovering around $75,800
They’ll probably have to give back some of this quarter’s paper gains next quarter

Earnings reports from companies that hoard Bitcoin
Are, at the end of the day, just a reflection of the coin’s price
I’ll wait and see if they buy more next month