U.S. chip stocks plunged across the board overnight, and crypto got dragged down with them—over $800 million in liquidations in 24 hours. The wildest part? SanDisk perpetuals even saw more liquidations than XRP. Stock traders are coming to crypto to trade futures and bet on memory chips. I have to hand it to this plot.
But $ETH has some genuinely good news: Interactive Brokers (IBKR) has launched ETH staking, bringing stocks, options, futures, and staking together in one account. A major brokerage with more than 40 years of history opening its doors to you is a lot more tangible than empty promises. The catch is that custodian Zerohash takes 30% of the rewards—that's a hefty cut—but you can't deny the reach of the platform.
$PYTH's Q3 report was solid too: ARR reached $11.49 million, up 86% quarter over quarter, and 94.4% of RWA perpetual trading volume ran on its oracle. The DAO is using 100% of its revenue for buybacks. In the oracle sector, cash flow is actually translating into results.
The Middle East is still stoking tensions, Brent is at $106, and ten supertankers turned around and fled Fujairah. Macro sentiment hasn't let up, so $BTC is still likely to be at the mercy of macro forces in the short term. Keep your positions small, don't get reckless, and focus on staying in the game.
NFA DYOR
#BTC #ETH #PYTH #RWA #cryptocurrency
But $ETH has some genuinely good news: Interactive Brokers (IBKR) has launched ETH staking, bringing stocks, options, futures, and staking together in one account. A major brokerage with more than 40 years of history opening its doors to you is a lot more tangible than empty promises. The catch is that custodian Zerohash takes 30% of the rewards—that's a hefty cut—but you can't deny the reach of the platform.
$PYTH's Q3 report was solid too: ARR reached $11.49 million, up 86% quarter over quarter, and 94.4% of RWA perpetual trading volume ran on its oracle. The DAO is using 100% of its revenue for buybacks. In the oracle sector, cash flow is actually translating into results.
The Middle East is still stoking tensions, Brent is at $106, and ten supertankers turned around and fled Fujairah. Macro sentiment hasn't let up, so $BTC is still likely to be at the mercy of macro forces in the short term. Keep your positions small, don't get reckless, and focus on staying in the game.
NFA DYOR
#BTC #ETH #PYTH #RWA #cryptocurrency