LATEST: ๐บ๐ธ CFTC Chair Michael Selig told CNBC he's "absolutely disappointed in Congress" for failing to pass the CLARITY Act, adding, "we've got statutory authority and we're going to use it."
๐ฏ Spot #ETFs in the U.S. lost $156 million in a single day
โ๏ธ Data as of October 5.
๐ #bitcoin -ETF ๐ Net outflow: $89.90 million across 12 funds.
๐ค#Ethereum -ETF ๐ Net outflow: $50.76 million across 11 funds.
๐ Other ETFs
๐#NEAR โ inflow of $539,64 thousand (1 fund) ๐#HYPE โ outflow of $2.71 million (3 funds) ๐ZEC โ outflow of $3.57 million (1 fund) ๐SOL โ outflow of $9.25 million (9 funds) โก๏ธXRP, LINK, BNB, HBAR, AVAX, TRX, DOGE, LTC, and DOT โ no flows
#C98 1D TF FULL CHART REVIEW โ WATCH THIS BEFORE TAKING AN ENTRY!
$C98 (Coin98/USDT) is approaching one of the most critical structural inflection points on its Daily chart. After a long multi-month double-bottom accumulation phase between $0.01227 and $0.01400, price is coiling right under the major 200-day EMA and $0.0183 breakdown origin!
$DOGE is moving up from a multi-year support zone and has broken above a multi-year downtrend line. DOGE pumped more than 500% from this level in 2024.
Hyperliquid Labs is pulling 3.75M HYPE out of staking - that's around $329M
This is the team's October payout, and the whole batch is going to a single institutional investor via OTC - a private deal, off-exchange. Nothing hits the open market
The core team is reportedly 11 people. Do the math and it's almost $30M per person - for one month ๐
To be fair, this isn't a "salary" - it's vested tokens the team earned years ago, unlocking in monthly chunks. But the scale is still insane
On top of that, the team reportedly skipped the September payout, so this is basically two months going around the order book at once
But the important stuff wasn't disclosed: who the buyer is, at what price, and whether there's any lock-up on selling
Here's the useful part: unstaking on Hyperliquid takes 7 days. So any big move by the team shows up on-chain a full week before the tokens actually become liquid