Singapore Exchange will launch BTC and ETH perpetual future
Saylor expected announce another BTC purchase (at 91k?)
Tue:
Alibaba earnings
MegaETH Pre-Deposit Bridge: USDC on ETH→ USDm on Mainnet (Frontier), $250M cap.
U.S. Sept. retail sales, PPI
Wed:
U.K. budget (expected tax rises)
Fed’s Beige Book
Thu: Thanksgiving
Fri:
International Buy Nothing Day
Black Friday
TBA/Whole Week: Zelenskiy-Trump Potential Meeting (U.S. tells Ukraine: Take the peace deal - or else will cut off intelligence sharing and weapons supplies); US Supreme Court hears arguments on Trump’s tariffs (IEEPA) continues; December rate cut odds back above 60%; China vs Japan diplomatic war continues; Naver expected to confirm its plan to acquire Dunamu (operator of Upbit), Upbit to pursue Nasdaq IPO after merger; Claude Opus 4.5 release
What Happened:
Investors have pulled $3.5 billion from the US-listed Bitcoin ETFs so far in November, almost equaling the previous monthly record for outflows of $3.6 billion set in February; Retail Investors Hold Majority of Spot-Bitcoin ETF Assets; Realized Loss of Short-term Holders Highest Since 2022 Collapse; Decline in value across Bitcoin’s worst months since November 2018
The short-term correlation between Bitcoin and Nasdaq 100 hit a new high
OCC says banks can hold certain cryptocurrencies to pay gas fees in latest guidance
Vitalik Buterin unveils Kohaku, a privacy-focused framework for Ethereum
Investigators have sought to assess whether Bitmain Technologies’ products pose risks of espionage or sabotage, according to people familiar with the matter. The company says they don’t.
Michael Saylor’s Strategy faces the risk of being dropped from benchmark indices such as MSCI USA and Nasdaq 100. A decision on index inclusion is expected by Jan. 15, with as much as $2.8 billion potentially exiting if MSCI moves ahead with exclusion. MSCI is proposing to exclude from the MSCI Global Investable Market Indexes companies whose digital asset holdings represent 50% or more of their total assets.
Cardano experienced a temporary chain partition today after a malformed transaction triggered a bug in an underlying software library. “What is fascinating about yesterday’s event is how Cardano recovered from a minority chain and got rid of the symptom while preserving most of the history and progress since the incident. around 60-70% ran node B (bug)......Eventually A became the longest chain and fork B was resolved, yet most of the history and progress was preserved and the malformed transaction removed. The network recovered and self-healed”
Paul Tudor Jones-Backed Numerai Nabs $500 Million Valuation; The deal comes months after JPMorgan Asset Management committed as much as $500 million to Numerai’s investment portfolios.
Crypto exchange Kraken raises $200 million from Ken Griffin’s Citadel Securities to notch $20 billion valuation; Kraken Files Confidentially for IPO Next Year
HSBC to Offer Tokenized Deposits to US and UAE Clients
Samourai Wallet developer William Lonergan Hill has been sentenced to 48 months in prison, 3 years on probation and a $250,000 fine in a New York
Jump Trading has become active on prediction markets like Kalshi, making markets on event contracts that allow users to bet on various events.
Swiss precious metals giant MKS PAMP SA is relaunching a gold token to capitalize on growing interest in digital bullion, six years after an initial attempt faltered.
Google launches Gemini 3, most advanced foundation model with state-of-the-art reasoning, ‘generative UI’ for responses, & record benchmark scores; Google also announced a new image-generation and editing model called Nano Banana Pro that can produce better visuals with precise and legible text in multiple languages.
S&P 500 Reporting Highest Revenue Growth in 3 Years
Morgan Stanley economists said on Thursday they no longer expected the Fed to ease in December but they project three cuts in 2026.
Bloomberg Economics: Labor-market conditions bottomed during the summer, then improved gradually until the government shutdown began — which led to some renewed weakness in spending and hiring. Firms are mostly seeking ways to cut costs by adopting technology and trimming hiring. Altogether, we believe the Fed can and probably should cut rates in December to sustain the fragile recovery that began during the summer.
Ed Yardeni says gold is the best safe-haven play and ‘the new bitcoin’; Elliott builds stake in gold miner Barrick; China Added 15 Tons to Gold Reserve in September: Goldman
Japan’s cabinet approves lavish stimulus as markets fret over Takaichi’s fiscal policy; BOJ policymaker leans towards rate hike despite government pushback
BlackRock Private Credit CLO Fails Tests as Bad Loans Mount
Citadel Securities Launches AI Bond Trading Baskets for Hedging
Citadel’s Rubner Sees S&P 500 Rebounding to 7,000 After ‘Healthy’ Pullback
Oracle Default Risk Flares to Near Three-Year High
Large-capacity microSD cards are now regularly out of stock in Japan as storage crunch claims another victim — high-capacity HDDs are also vanishing
Jeff Bezos reportedly returns to the trenches as co-CEO of new AI startup, Project Prometheus
US has issued a new NOTAM on Sat. covering the entirety of the Venezuelan, The advisory cites a potentially hazardous security environment due to a deteriorating situation and increased military activity in and around Venezuela.
Charts:
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