The latest news: a few developments worth keeping an eye on. Let’s sort through them by topic.
First, a sharp market move: $ZEC took a hit. On Hyperliquid, $ZEC slid from $1,199.20 to $965.79, a drop of about 19.5%. More than 90% of long-position whales are now in the red, and several whales have been liquidated repeatedly. Takeaway: the bulls thought they were surfing, but the wave was headed down. Time for another lesson in position management.
Things are unsettled on the flow front, too. CryptoQuant data shows that US $BTC spot ETFs saw cumulative net outflows of $969 million over the past five trading days, while the related metric fell by $766 million over the past week. Takeaway: when ETF wallets tighten their belts, BTC tends to lose some of its fire. The correction may not be over yet.
On the institutional front, Deutsche Bank has officially launched its digital asset custody service. Initially, it will serve fee-paying European institutional and corporate clients, supporting the custody of assets including BTC and ETH. Takeaway: traditional banks have finally moved from the “watching from the sidelines” seats to the “entry point.” It’s a slow move, but a steady one.
AI and payments are buzzing, too. Bittensor has launched Gamma Tokens, a native payment system that lets users and AI agents pay for subnet services directly with a Bittensor wallet. PayPal has joined the x402 Foundation as a premier member, helping advance an open standard for autonomous payments by AI agents. Takeaway: AI agents haven’t learned how to spend money yet, but they’ve already learned “how to get paid.” The infrastructure is getting ahead of them.
Also, investment in the Anthropic VIP round through Bitget IPO Prime has topped $100 million, with 2,166 participants. The deadline is 16:00. Meanwhile, if MSCI removes Strategy from its index, passive funds could sell as much as $2.8 billion worth of shares. Takeaway: some are rushing to get in, while others may be shown the door. The market’s fortunes don’t always align.
One last question: in this wave of ZEC liquidations, do you think the whales were too greedy, or was the market too brutal?
First, a sharp market move: $ZEC took a hit. On Hyperliquid, $ZEC slid from $1,199.20 to $965.79, a drop of about 19.5%. More than 90% of long-position whales are now in the red, and several whales have been liquidated repeatedly. Takeaway: the bulls thought they were surfing, but the wave was headed down. Time for another lesson in position management.
Things are unsettled on the flow front, too. CryptoQuant data shows that US $BTC spot ETFs saw cumulative net outflows of $969 million over the past five trading days, while the related metric fell by $766 million over the past week. Takeaway: when ETF wallets tighten their belts, BTC tends to lose some of its fire. The correction may not be over yet.
On the institutional front, Deutsche Bank has officially launched its digital asset custody service. Initially, it will serve fee-paying European institutional and corporate clients, supporting the custody of assets including BTC and ETH. Takeaway: traditional banks have finally moved from the “watching from the sidelines” seats to the “entry point.” It’s a slow move, but a steady one.
AI and payments are buzzing, too. Bittensor has launched Gamma Tokens, a native payment system that lets users and AI agents pay for subnet services directly with a Bittensor wallet. PayPal has joined the x402 Foundation as a premier member, helping advance an open standard for autonomous payments by AI agents. Takeaway: AI agents haven’t learned how to spend money yet, but they’ve already learned “how to get paid.” The infrastructure is getting ahead of them.
Also, investment in the Anthropic VIP round through Bitget IPO Prime has topped $100 million, with 2,166 participants. The deadline is 16:00. Meanwhile, if MSCI removes Strategy from its index, passive funds could sell as much as $2.8 billion worth of shares. Takeaway: some are rushing to get in, while others may be shown the door. The market’s fortunes don’t always align.
One last question: in this wave of ZEC liquidations, do you think the whales were too greedy, or was the market too brutal?