The OG crypto fell to around $107K last night, sitting roughly 9% lower than where it was a week ago. The Fear and Greed Index? It dropped to 28, firmly in “fear” territory, not the panic-selling kind, but the “everyone’s suddenly cautious” kind. The culprit? Trade war headlines and ETF money walking out the door. So what else is happening while Bitcoin takes a breather?
Bitcoin Just Lost Half a Billion in Minutes
Bitcoin slipped under $110,000 Thursday morning, triggering over $524 million in liquidations. Most major altcoins followed Bitcoin down, with losses ranging from 0.9% to 5.3% across the board.Traders are loading up on bearish bets, with over $1.15 billion flowing into put options at strike prices between $104,000 and $108,000. What is actually triggering this wave of liquidations now? Read more.
A16z’s Massive Bet on Solana Infrastructure
Andreessen Horowitz wrote a $50 million check to Jito in a private token sale. Jito runs critical infrastructure for Solana, their liquid staking token JitoSOL has over $3.2 billion in market cap. What’s the upside for JTO holders after this funding round? Read more.
Your Burger Now Comes With a Bitcoin Logo
Steak ‘n Shake launched a burger with Bitcoin’s logo literally stamped on the bun. Five months ago, they started accepting Bitcoin payments. Since then, same-store sales jumped by double digits in both Q2 and Q3. The company credits the Bitcoin community for part of that growth. Is this just clever marketing or a genuine Bitcoin adoption play? Read more.
Ripple Drops a Billion on Corporate Treasury Play
Ripple acquired GTreasury for $1 billion, a company that handles treasury management for Fortune 500 companies. GTreasury manages cash, foreign exchange, and risk for some of the world’s biggest corporations still stuck on legacy systems. How much is Ripple really spending on its acquisition strategy? Read more.
BlackRock’s Silent Move Into Stablecoins
BlackRock restructured one of its money market funds to serve stablecoin issuers under the new GENIUS Act. The $13.5 trillion asset manager already manages reserves for Circle’s USDC. Now they’re positioning to capture more of the market as stablecoin issuance is projected to explode from $280 billion today to $4 trillion by 2030. What’s the goal behind BlackRock’s new fund? Read more.
Meme News: BNB Chain Airdrops $45M Relief to Meme Traders, Bonk.Inc Launches Meme News: BNB Chain Airdrops $45M Relief to Meme Traders, Bonk.Inc Launches
Flash crash hangover brutal: $19B wiped from leveraged traders! BTC below $112K, Fed rate cut hopes couldn’t save alts! Meme sector taking the sharpest hits! Read more.
