The most annoying thing this morning isn’t the new story—it’s US stocks making a violent recovery while Bitcoin isn’t even giving us the appearance of a rebound. Someone wrote that AMD was up over 12%, and the Nasdaq has risen for three straight days and is nearly back to break-even. On the timeline, @hellosuoha, @0xTaiBai, and @IamRamenPanda are all complaining that $BTC isn’t following along. Meanwhile, the news is still covering the fallout from it dropping below its roughly 50-week moving average and flashing down to around $73,000 over the weekend. The Jensen Huang saga keeps growing: old photos of the woman in Shanghai have spread across Chinese-language circles (@_FORAB); @PhyrexNi says the Republican chairs of three House committees want him to brief them behind closed doors about his dealings with Megaspeed; and this morning, @Cointelegraph reported that shareholders are suing after the stock fell more than 4%. On the macro front, rumors of US-Iran peace talks are stirring up oil prices, and US October CPI is due today.
On-chain, $ETH has been more volatile than Bitcoin. @PhyrexNi wrote that spot ETFs saw net outflows of around 41,200 coins on 11/6, bringing cumulative outflows to around 280,000 coins over the past seven trading days. A pre-mined address that had been dormant for more than 11 years transferred out 2,155 coins. Around $31 million in HYPE also flowed into FalconX, and Elysium (a Hyperliquid L2 built by Kinetiq) launched its mainnet on 11/9. The NYSE’s selection of Avalanche for 24/7 clearing of tokenized stocks is still making the rounds, and CZ reposted that BSC had around 4.86 million active addresses over 24 hours, ranking first among chains.
Over in the speculative-coin corner, @chartexpt is watching UAI: the foundation wallet made its first transfer of 25 million tokens to a distribution address, and after someone accused him of shilling, he denied it. Some smaller circles are pushing the BITS post-quantum wallet narrative; an old post about #牛逼 is being recirculated, and the FOREVER “Ferrari” meme coin has bounced back. On another front, Binance’s hack-related aftermath saw daily net outflows drop from around $6.1 billion to around $458 million. CZ reiterated that people holding their own private keys won’t sell their data. Galaxy (Galxe) is reportedly shutting down, and the airdrop-farming community is saying goodbye. For reference only; not investment advice.
On-chain, $ETH has been more volatile than Bitcoin. @PhyrexNi wrote that spot ETFs saw net outflows of around 41,200 coins on 11/6, bringing cumulative outflows to around 280,000 coins over the past seven trading days. A pre-mined address that had been dormant for more than 11 years transferred out 2,155 coins. Around $31 million in HYPE also flowed into FalconX, and Elysium (a Hyperliquid L2 built by Kinetiq) launched its mainnet on 11/9. The NYSE’s selection of Avalanche for 24/7 clearing of tokenized stocks is still making the rounds, and CZ reposted that BSC had around 4.86 million active addresses over 24 hours, ranking first among chains.
Over in the speculative-coin corner, @chartexpt is watching UAI: the foundation wallet made its first transfer of 25 million tokens to a distribution address, and after someone accused him of shilling, he denied it. Some smaller circles are pushing the BITS post-quantum wallet narrative; an old post about #牛逼 is being recirculated, and the FOREVER “Ferrari” meme coin has bounced back. On another front, Binance’s hack-related aftermath saw daily net outflows drop from around $6.1 billion to around $458 million. CZ reiterated that people holding their own private keys won’t sell their data. Galaxy (Galxe) is reportedly shutting down, and the airdrop-farming community is saying goodbye. For reference only; not investment advice.