Orbit Post Sitemap
Semiconductor violent rebound: a bottom-fishing opportunity or a window to escape?
After continuous panic selling, the Philadelphia Semiconductor Index has launched a strong counterattack. SanDisk, Micron, SK Hynix, and Western Digital all rallied together, while AMD, Nvidia, and Broadcom also strengthened simultaneously. The sentiment across the entire AI hardware industry chain has clearly warmed up.
✅ Factors supporting the rebound
There are three main points behind this round of gains: First, AMD's earnings exceeded expectations, with Q3 revenue at $13.38 billion, up 45% year-over-year; data center revenue surged 97% to $8.5 billion, and Helios rack orders materialized, providing concrete evidence of computing power demand; second, the previous large declines caused panic selling pressure in the memory sector to concentrate and release, with short covering driving technical recovery; third, the uncertainty of the midterm elections has settled, leading to a phase of risk appetite recovery.
⚠️ Reasons why the rebound is difficult to sustain smoothly
1. Fundamental disagreements remain unresolved: the market still worries about the slowing price increase slope of NAND, the peak of the memory cycle having passed, and doubts whether AI manufacturers' capital expenditures can maintain rapid expansion.
2. Macroeconomic pressure persists: U.S. Treasury yields remain high, the Fed's hawkish expectations have not dissipated, and high-valuation growth stocks continue to face valuation pressure.
3. Regulatory risks loom: expectations of AI computing power export restrictions fluctuate; once tightening signals materialize, the entire industry chain will reprice risk discounts.
📌 Conclusion
This looks more like an oversold rebound rather than a trend reversal. Only if capital volume expands during the rebound to reclaim key resistance levels and U.S. Treasury yields fall simultaneously is a shift possible; if the rally is on low volume and quickly falls back, beware of a secondary bottom test. $SNDK Three separate accounts, don't mix them up (๑•̀ㅂ•́)و✧
$XRP: Don't directly treat on-chain transfer amounts as buying volume. The XRPL minimum burn is about 0.00001 XRP, payment costs are too low, so transfer amounts do not equal real buying volume. Whether it can hold steady around 1.30 depends on usage frequency, retention, and adoption continuity; burning is just circumstantial evidence, not the main account (￣▽￣)
$XAU: After rising from 3925.45 to 4059.49, it increased 2.7% in 24h, but only 0.1% in the last 6h, indicating a slowdown in high-level advance. Don't force news explanations for every fluctuation; first see if the pullback expands; as long as the main gains are not given back and there is still volume at high levels, respect the market outcome (•̀ᴗ•́)و
$RENDER: The core is the closed loop of computing power payment. Users burn tokens to exchange for work quotas, nodes provide GPU services to earn rewards, and both task payments and reward distributions must be operational. A 4.3% rise in 24h shows attention, but the real question is the volume of paid tasks; AI narratives must translate into orders for the accounts to be clear (๑•̀ㅂ•́)و✧
Summary: XRP looks at usage, gold looks at pullbacks, RENDER looks at orders. Three separate accounts, keep them separate~#美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 #美国新旧国会交接或影响美伊局势 Buy CRCL in batches, don't bet on funds flowing back from a US stock market crash
Binance stock limit orders have a rule: the buy price must be within 10% of the current price. Last night, taking advantage of CRCL's drop, I placed a limit order to buy CRCL at 60 USDC per unit. The first batch was bought at 80 USDC, planning to buy the second batch at 60, and the last batch at 40. As for further drops after buying at 40, that’s just up to fate.
However, despite the US stock market plummeting yesterday, native tokens and concept stocks actually held up fairly well, with declines within expectations and not as scary as anticipated. I don’t believe that after an AI stock crash or US stock market crash, funds will flow into crypto—that’s pure fantasy. Essentially, only when the big river is full can the small river have water. If the US stock market continues to fall sharply, Bitcoin definitely won’t hold up; it will only fall more, faster, and more violently.
Key points
Limit orders are constrained by the 10% rule; buy CRCL in batches at 80/60/40, and don’t try to guess the bottom after the last batch. Don’t treat a US stock market crash as a positive for crypto; when the big river dries up, the small river can’t fill either. #Anthropic11月IPO计划或面临变数 Latest news: Anthropic, which originally clamored to launch its IPO in November, may now have to cancel those plans. Why? Because investors think the previously touted $1.5 trillion valuation is simply outrageous and unrealistic. Everyone hopes it will offer a big discount, and there are even rumors that the fundraising scale might shrink to $80 billion. On the market, related tokenized stocks have directly plunged 6.16%. My personal view is: Wall Street's old foxes have finally started "settling accounts" with AI giants. In the past, as long as AI was involved and a big model story was told, investors would blindly throw money at it. Now? Everyone realizes this thing is a complete "money pit." Just like Michael Burry, the prototype from "The Big Short," questioned, Anthropic continues to lose money and carries huge AI computing power procurement commitments. Simply put, you spend hundreds of billions of dollars buying GPUs and renting data centers, but the money you earn back isn't even enough to pay the electricity bills. Coupled with the recent bloodbath in the US AI stock sector and the terrible overall environment, who dares to buy at high prices? This is also what I've been emphasizing to my brothers: traditional capital is not charity; once you fail to prove your ability to commercialize and monetize, they turn their backs faster than flipping a page. What’s the impact? In the short term, it’s definitely a heavy blow to sentiment. The US AI stock sector’s crash dragged down Anthropic’s IPO, and this panic will directly spread toIn the current cycle, I definitely choose time progress. Before, I only cared about the depth of the pullback, always thinking that a 30% or 40% drop was the absolute bottom and rushing in was like picking up money. What happened? SanDisk's price dropped steadily from 1900 to 800, brutally teaching me a lesson. Only then did I understand how painful the guest's phrase "The cycle determines direction, not price" really is.
The cycle model fears "slow failure" the most. In today's market, the depth of pullbacks is often a bottomless pit; the real killer move is the "boiling frog" effect over time. You see the price has dropped deep enough to bottom-fish, but the big players slowly wear you down over time, exhausting your bullets and breaking your mindset. I can still hold on when deeply trapped, but now I can't add to my position anymore—that's true despair. I'd rather spend time waiting for the right side to stabilize than guess the bottom on the left side.
#交易之声：你的经验值得被听到
$BTC $ETH $SKHYNIX Leverage is back before conviction is. After a 5.1% slide in 24 hours from 80,315, $BTC bottomed at 75,511 and has since moved sideways, yet perpetual futures positioning has already risen 6% and funding has reset to 0.01% with no basis premium at all. That combination is the tell: traders are rebuilding exposure, not rebuilding appetite. Volume has collapsed to roughly one-seventh of prior levels, and 76,155 now stands as the immediate short-term support that will decide whether this is accumul$BTC has returned to just above 75,000, ETH dropped to 2226, and SOL is holding the 90 mark. The voices of bottom-fishing in the background are intensifying again, but I still say: no rush.
Look at a more honest indicator than price, the funding rate. A true oversold rebound rally is often accompanied by the funding rate being pushed to deep negative values, with shorts extremely crowded and a short squeeze providing the fuel. But the current funding rate is still mildly positive, showing neither panic nor capitulation.
In other words, this looks more like a pause in a volume-shrinking downtrend, not the kind of pattern a bottom should have. Bottom-fishing is not about who acts fastest, but who can wait the longest. Without the fuel in place, I'd rather stay on the sidelines and watch.Three famous meme coins, only a prolonged decline remains after the 100x myth 🤔
$LAB: Peaked at 24, then declined for nearly half a year, occasionally rebounding by a few dozen points before continuing to drop. Currently, about $310,000 worth of long positions are trapped, with no obvious signs of a pump.
$RIVER: After two pump waves, it consolidated around 6, then sharply dropped, steadily declining to start with 0, basically no hope of another pump.
$RAVE: Occasionally spikes to stop out short positions, then continues to decline. I've lost quite a bit on this coin anyway, and currently see no clear signs of a pump.
Summary: Most 100x meme coins are one-wave plays; after a surge, they often experience a long decline. Occasional rebounds do not mean a reversal, and blindly bottom-fishing can easily lead to deeper losses Gold has been quite interesting these past two days. Many people instinctively think: with the Middle East still at war and Kyiv in Ukraine experiencing consecutive explosions last night, the risk-off sentiment should have pushed gold prices to the sky. But as soon as the non-farm payrolls came out, gold was slammed down.
The reason is not complicated: the non-farm data exceeded expectations, Federal Reserve officials collectively turned hawkish, and the US dollar index surged 0.74% in one day. Regarding the war, the market no longer prices it as "risk-off" but as "inflation → rate hikes." Once rate hike expectations rise, non-yielding gold is the first to get hit.
So stop using the old intuition of "buy gold when there is war" to place orders. First, watch where US Treasury yields and the dollar are headed; that is the real anchor for gold prices. A piece of news more worth watching than the rise and fall of chip stocks: OpenAI's new round of financing has just received the first 11 billion USD, but the tone of this round is "shrinking," with the valuation cut from the originally planned 1.4 trillion and over 30 billion raised, down to 1.25 trillion and a scaled-down amount.
Lately, I've been focusing on AI, not on which chip is making money or not, but on whether the financing chain fueling this arms race is still smooth. Even the leader itself has started to lower its expectations, and those players relying on leverage to take over data centers will only face tighter times ahead.
Money is the fuel for this machine. When the fuel needs to be conserved, no matter how sexy the story is, the pace has to slow down. To start with the conclusion: The rise of $BTC to $75,747 is not because money is buying everywhere, but because it's lining up in just one place.
I've been watching the order book for quite a while. Coinbase spot buy orders have piled up to $24,939,400, while the sell orders on the other side are only $9,236,500, a difference of $15,702,900 — this gap doesn't look like it's made up by retail investors piece by piece. The monitoring from ChainCatcher forwarded by Liquid247.xyz uses the same standard and looks quite reliable.
Binance spot market naturally has thicker buy orders and thinner sell orders, but the thickness difference is a whole level below Coin, so the dominance isn't there.
So for some market moves, I'd rather not understand them than get involved: on exchanges with thin order books, a single large order can slam the price down and create a pit. The recent inexplicable spikes in $ETH and $ZEC retraced faster than they rose. You can follow the shakeouts, but if you mistake the volatility for buying pressure, you're just digging a hole for yourself.On Friday, semiconductors collectively rebounded after an oversell; AMD surged 11 points in one day, and Micron and SK Hynix also recovered slightly. The long positions I hold in semiconductors saw some relief on the books.
But let me be clear: this is a tactical rebound from overselling, not a reversal of conviction. To use a poker analogy, this move is more like passively calling a small bet on the river to grab a bargain, not a heavy value bet. On Thursday, there was a systemic deleveraging, with the Philadelphia Semiconductor Index dropping ten points in a single day; on Friday, it bounced three points due to technical overselling. Elasticity never equals a trend.
When it reaches the exhaustion zone of the rebound I recognize, it will turn bearish as expected. For the long positions I have, I’ll reduce them once they recover, no attachment to the fight. What do you think about this semiconductor wave? Is it a true bottom or just a breather?A 10x leveraged long position losing 10% means it's completely wiped out.
The long position in $SOXL was stopped out this week, losing 810,000 U in seven days.
Total assets were cut down to 480,000 U.
How leverage is calculated:
10x means if the price moves 10% against you, your principal is zero.
It's not that it becomes dangerous at a certain price level; there is no margin for error from the start.
Others think that when the support breaks, it's time to buy the dip:ZKC, MMT, and AERO have unlimited total supply with perpetual inflation. No matter how impressive the market cap is, it will gradually lose support and the coin price will face pressure under continuous issuance.
RVN, Celo, and Ronin currently have small market caps but have a hard cap on total supply locked, creating scarcity that accumulates over time, offering long-term appreciation potential.
RVN uses a pure PoW mechanism and cannot be manually rolled back or intervened after theft; Celo builds lightweight mobile finance; Ronin forms a self-contained gaming ecosystem.
ZKC has an annual inflation of about 5.5%, MMT about 7.8%, and AERO about 4.8%. Each year, newly issued tokens continuously flow into the market, diluting the value of existing tokens. It's only been two days since the election results came out, and side effects have already surfaced: 76% of voters oppose building data centers in their communities, and Meta has openly admitted that building new data centers in the future will be more difficult. AI used to be criticized for burning money, but now it's directly being blocked from construction—public opinion has become a new variable. This has caused a split in the US stock market: cloud service providers are rising, data center stocks are falling; under the same AI narrative, some are getting hit while others are profiting. This divergence is worth watching. It indicates that the bottleneck in AI trading is shifting from "whether there is enough computing power" to "whether it can be implemented," and the cost of implementation is being re-priced by public opinion. For the crypto market, this is not a bystander situation—the transmission of risk appetite never distinguishes between markets. Looking back at our side, $BTC is quoted at 76237, with an overnight low touching 75200; $ETH is quoted at 2244, showing a soft trend. The pressure hasn't eased: interest rate expectations are still suppressing, AI regulation is intensifying, buying power is weak, and these three mountains are pressing down together. This is not a single bearish factor but a weak structure under multiple constraints. How will the short term go? Tonight's 9:30 PM non-farm payroll report is the referee. If the data is strong, rate hike expectations will heat up, and 75200 might be tested again, with some even calling for 73000; if the data is weak, there might be a bounce, but don't take it as a reversal—the bad news now is not a single thread but a bundle of ropes. So my view is: don't rush to take sides before tonight. Betting on the data is the least profitable trade; wait for it to land and see clearly before making a move. The real question is not whether the non-farm payroll will save the day, but whether it will be the last straw to break the camel's back. $BTC funding rates are positive on more than 16 exchanges, the market has not completely turned bearish
In a weighted snapshot of 18 exchanges, $BTC has positive funding rates on 16 of them, with an OI-weighted rate of about +0.0050%/8h. The price still fell about 5% in 24 hours. This divergence indicates that long positions have not fully exited. If the funding rate later returns to neutral and OI decline slows, it would more likely indicate risk release completion rather than just a rebound masking crowding.
#VanEck与富兰克林推出含BTC配置的新型ETF #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 CHZ, KAIA, and XPL have no supply cap, with continuous issuance that never stops. No matter how high the market cap is, it cannot withstand the constant influx of new tokens, causing the coin price to be diluted in the long term.
RVN, Celo, and Ronin currently have small market caps but have a fixed total supply cap, creating scarcity that gradually accumulates over time, offering long-term appreciation potential.
RVN relies on proof-of-work consensus, with rules that cannot be altered arbitrarily; Celo focuses on inclusive cross-border payments; Ronin is tailored for GameFi's high-frequency, small-value transaction scenarios.
CHZ has an annual inflation of about 5%, KAIA about 6%, and XPL about 6.2%, with fixed yearly issuance, continuously diluting the value of existing tokens. A pot of high-quality broth simmered for three hours, the guests smell the aroma and order like crazy, but the flame under the stove was quietly turned down one notch—this is the first impression Circle's quarterly report gave me.
Let's start with the main course. Revenue plus reserve income surged 17% to 865 million, exceeding expectations; net profit from continuing operations rose 5% to 226 million. What about turnover rate? USDC on-chain transaction volume jumped 49%, indicating the kitchen's serving speed and customer throughput are fully maxed out, the dining hall is running nonstop. But here's the problem: more guests, yet the average spend per customer is dropping. Reserve income fell 8% against the traffic, down to 658 million, and the reason is clear—the yield on reserve assets is declining.
What do I call this? It's the same pot, the same broth, but fewer chicken bones given. Your broth isn't made by repeatedly adding water; it's made by simmering real ingredients. A decline in reserve yield means the firewood at the stove center is getting wetter, the broth color still looks fine, but the concentration is getting thinner day by day. Restaurants with higher turnover rates fear this most—because they rely on volume to fill plates, once the base broth collapses, the bigger the scale, the more obvious the dilution.
So where did this quarter's growth really come from? Presales. They tied a token presale to the newly launched Arc blockchain, bringing in 182 million, almost supporting the entire increase in "other income." In kitchen terms: these are presale meal vouchers sold on the new store's trial opening day, the cash flow looks good, the books look good, but presale vouchers aren't dishes—they have to be redeemed plate by plate in the future.
This is the real test of timing. You sold out the vouchers today, but can the kitchen serve dishes worthy of those vouchers tomorrow? If yes, that's the new store's grand opening success; if not, it means you've prepaid next year's kitchen workload on this quarter's books. So I see this item not simply as "positive" or "negative," it's more like a pot being preheated—the oil temperature is a bit low, and once you add ingredients, everything sticks.
Then there's XCRCL in the US stock market shaking along. This kind of asset's relationship to the raw material is like the menu photo versus the actual dish served: no matter how good the photo is, it can't replace the taste. The parent company's report is bright, presale income is large, on-chain volume is up; these things mixed in one pot, the cooking is complex, no single indicator can judge the broth's reduction status.
So here's how I plate this quarter for you: the main course is stable, the transaction volume side dish is served beautifully, the aroma is strong; but the broth concentration is quietly thinning, and the remedy spoonful of umami comes from the presale voucher seasoning—it can enhance flavor but can't be the staple food eaten every day.
What really makes me frown isn't the numbers, but the ratio. A kitchen increasingly relying on one-time presales for revenue growth while core reserve yields decline is like shifting the stove's load onto the kitchen's temporary shelf. Guests in the front hall only see the lights and plating, not the increasingly strained beam in the back kitchen. Having worked in this field for twenty years, I know one thing best: the night when turnover is maxed out is precisely the night most prone to accidents—because everyone is busy serving dishes, no one looks back at that circle of fire. #circleq3usdcvolumeup49%The high turnover rate of USDC is worth noting, but on-chain transaction volume does not equal payment scale
Circle
Q3 disclosed an average USDC circulation of $73.3 billion and on-chain transaction volume of $13.9 trillion; company presentation materials estimate a quarterly turnover of about 190 times. High turnover may include trading, clearing, and repeated transfers, and cannot be directly equated with consumer payments. The long-term value of $USDC depends on real settlement scenarios, compliant channels, and redemption stability.
#Stripe stablecoin payments cover more than 160 markets #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 The Senate timer is still running, and the pawn in the center of the board that is being restrained hasn't moved for three turns—the "Clear Act" is stuck in the midgame, with neither side willing to make the first move, because whoever moves first will expose their pawn chain structure.
From my perspective, the real deciding factor has never been the immediate move, but the moment the opponent changes their strategy. The midterm elections mark the countdown in time control: once the seats change, the evaluation of the entire shifting tree is recalculated, and what was originally a draw line calculated to the fifteenth move suddenly becomes an endgame that must be fought.
Now the House Democrats are setting a new pattern backstage: shifting some of the referee power from the Commodity Futures Trading Commission to the Securities and Exchange Commission. This is not a simple piece exchange; it’s like forcing your fortress bishop from an open file to a closed square—no loss of material, but the mobility is drained. Then three layers of blockade come down: tighter decentralized finance rules, enhanced investor protections, and restrictions on officials holding tokens themselves. The first two are blockades, the last is a preventive move, specifically targeting the "dual-role king" who acts as both player and referee.
The most critical point: the official text has not yet been finalized. Don’t rush to calculate twenty moves ahead when the map isn’t complete. The professional habit is to first confirm whether the opponent’s pawn chain has weak squares before discussing piece exchanges—now even the square coordinates are shifting, so any long calculation is just speculation in thin air.
Look again at that tokenized US stock target. Essentially, it’s a hanging pawn: one line is restrained by "who will referee," and the other line is restrained by the volatility of the US stock itself. The most dangerous piece on the board is not a strong piece, but the kind that looks flexible but must ask the referee for permission before every move—its freedom is borrowed and can be revoked at any time. In the midgame, restrained pieces do not participate in the attack, only in the countdown.
I have seen too many players make the same mistake in this situation: misreading "rules not yet determined" as "no rules." The former is an empty board; the latter is a hidden reef.
Before the rules are settled, all the elegant calculations about this token are just counting squares on a board without coordinates—and I only place my hand on the pieces on squares I have personally confirmed. #cryptoregulationwatch#比特币承压，ETF近7日净流出约11亿美元
Bitcoin ETFs have seen a net outflow of approximately $1.12 billion over the past 7 days, equivalent to 14,117 BTC, marking five consecutive trading days with outflows exceeding $1 billion. Bitcoin briefly dropped below $76,000, retreating nearly 6% from above $80,000, hitting a seven-week low.
The sequence is crucial: it’s not that the coin price fell first causing people to flee, but rather tech stocks first slashed valuations, institutions reduced risk exposure, and ETFs, being the easiest instruments to enter and exit, became the first outlet for the flood. On November 5, the Nasdaq dropped 5.52%, Bitcoin ETFs saw a single-day outflow of $430 million, with Fidelity’s FBTC alone losing about $200 million. ETF outflows then triggered on-chain leverage liquidations exceeding $1 billion within 24 hours, nearly 90% of which were long positions, accelerating the price decline.
Traders are currently watching the $77,000 level: Bitcoin must reclaim this level and see ETFs return to consistent net inflows to prove that buying demand has truly returned; if U.S. stocks continue to fall, $75,000 may face another test.$BTC $ETH $SNDK 127.5%—When this number hit the market, my first reaction wasn’t the financial report, but radar echoes: a precipitation band far stronger than the model expected is rapidly moving northward along the data center’s moisture channel, with the core echo area already showing purple.
Setting records for six consecutive quarters is typical of a sustained heavy rainfall process in meteorology, not an isolated convective cell. A single thunderstorm comes and goes quickly; only a stable circulation pattern can fill the rain gauge six times in a row. More importantly, net profit turned positive on a GAAP basis—this is like the cloud base finally rising after days of gloom, visibility recovering from less than one kilometer to over ten kilometers, stability shifting from unstable to weakly stable, and the subsiding inversion overhead being broken.
Breaking it down by segment, data center revenue grew 254.2% year-over-year to 156 million, which is the main rain band, not scattered showers. The capacity expansion of 800G and 1.6T optical modules I interpret as upstream reservoir expansion: the reservoir capacity has increased, but flood discharge capacity, yield, and delivery rhythm must keep pace; otherwise, when the flood season arrives, water will be held back midstream, and downstream will still not receive effective runoff. The 270 million in Q3 is actual observation, while the 385 to 420 million in Q4 is my most conservative extrapolated forecast. Members of the ensemble forecast have already begun to diverge; the disturbance source lies in the slope of capacity ramp-up and customer concentration. At this point, relying on a single deterministic forecast is risky; what matters is the probability density.
Looking at linked assets, tokenized US stock data is in the downstream confluence area. Heavy rain upstream in the mountains does not immediately cause a flood peak downstream; there is a phase lag—the moisture must first fill the river channel’s storage capacity. This lag is on the order of one to two trading days, and the final flood peak height depends not on upstream rainfall itself but on the entire pressure field, i.e., the market’s risk appetite and liquidity gradient. If the overall situation is dominated by strong high pressure and subsiding airflow, no matter how much it rains upstream, downstream may only see dry thunder.
I will issue only one judgment: the main rain band has entered the local upstream area, the shear line has not yet moved east, the flood peak arrival window remains unchanged, and the magnitude still depends on the downstream river channel’s flood discharge capacity. #aaoiq3revenueup128%Five little-known facts, each of which can explain why you lose money.
1. 100x leverage does not mean liquidation only after a 1% drop, but liquidation occurs after a 0.5% drop.
100x means a 1% margin, but there is also maintenance margin and fees. BTC's maintenance margin rate is about 0.4%-0.5%, so the actual liquidation price is around -0.5%.
The same applies to 20x: it's not actually -5%, but about -4.5%.
2. Fees will eat up half of your principal in a year.
Assuming you use 10% of your funds each time with 10x leverage, the nominal position equals your entire principal. The one-way fee is 0.05%, so opening and closing a position once costs 0.1%.
Two trades a day equals 0.2% daily. Over 250 trading days, 50% of your principal goes to the exchange.
You lose to fees before you even lose to the market.
3. Funding rate is an invisible holding cost.
0.01% every 8 hours, three times a day, about 11% annually.
Long-term longs pay an 11% "position tax" per year. Even if the market doesn't move, you still lose.
4. Adding to a position with unrealized profits raises your average cost.
Buying 10,000 U at 10U, then adding 10,000 U at 20U, the average price becomes 15U.
If the price pulls back 25%, your unrealized profit turns into an unrealized loss.
Adding to a position amplifies both gains and costs simultaneously; it does not amplify gains for free
#美国10月非农超预期，12月加息押注升温 #Stripe稳定币付款覆盖160多市场
I believe the strategic significance of this news is huge, even more noteworthy than some DeFi protocols launching new features.
But first, a point that is easy to misunderstand needs correction:
Stripe's focus this time is on expanding stablecoin cross-border payouts, not enabling merchants in over 160 global markets to directly accept stablecoin payments.
On October 16, 2026, Stripe officially announced the expansion of Global Payouts, allowing businesses to send stablecoins to recipients in more than 160 markets. In early November, a public preview for external crypto wallet receipts was opened to eligible U.S. businesses.
I think this is the most important part of the whole matter to study.
What problems do ordinary businesses need to solve if they want to do stablecoin payments themselves?
Wallet infrastructure
Multi-chain compatibility
Stablecoin exchange
On-chain transaction fees
KYC, KYB, and anti-money laundering
Fund custody and security
Cross-border payment compliance
This is very costly for ordinary businesses.
Stripe's approach is to package these capabilities into a unified financial API.
Businesses only need to integrate with Stripe to use related fund management and payment capabilities.
This actually reveals a trend:
The large-scale commercial application of blockchain in the future is likely not that users actively use blockchain, but that users are using traditional financial products whose underlying operations are already running on blockchain.$BTC
The 500 euro threshold doesn't sound high, but what really made me stop is how "swaps" are recognized in this Greek tax law. Once the annual net income exceeds the threshold, reports say it may be taxed at 10% on the entire income; staking, lending, and DeFi liquidity income are separately taxed at 15%.
BTC will of course be involved, but the hardest thing to judge now is not the tax rate, but whether operations like swapping BTC for ETH and then for stablecoins will be considered a taxable disposition. The wording of the bill still leaves room for interpretation, and the government has said it will provide implementation guidelines later.
I don't see this as a short-term negative. Before the rules are detailed, don't directly apply the 10% in the headline to every transaction; the scope of cross-currency swaps is what really needs to be watched going forward.
#美国10月非农超预期，12月加息押注升温 💥SNDK Long Position Review: Boss Eleven's 10x Full Position Long Loss and Exit
Monitoring shows that Boss Eleven's $SNDK perpetual long positions have all been closed. This position was a 10x full position long, opened in the early hours of November 3rd and fully closed by the evening of November 5th.📉
Opening average price was 1096.6, closing average price was 894.5, with a maximum holding of 4223.72 SNDK, all positions eventually exited. A loss of 863,947.53 USDT was realized, with a return rate of -186.52%, a notably severe drawdown.😮💨
From the results, the long direction was completely opposite to the market trend, with continuous decline combined with high leverage significantly amplifying the losses. Even choosing to hold the position waiting for a rebound did not bring the expected recovery, forcing a stop loss exit.⚠️
For someone accustomed to swing trading, this is undoubtedly one of the heavier recent drawdowns. Contract leverage leaves very little room for error, and the risk of holding against the trend is extremely high. This trade serves as a warning to everyone.📉#美国10月非农超预期，12月加息押注升温 #美国新旧国会交接或影响美伊局势 The underlying financial components of DeFi have become relatively mature, but the overall commercialization and user growth of DeFi have not matured in sync. Currently, DeFi seems to have entered a phase of growth stagnation, capital redistribution, and business model selection.
From the perspective of ordinary users' experience, saying that DeFi development is stagnant is not an illusion.
Binance Research's semi-annual report released in July 2026 points out:
In the first half of 2026, DeFi TVL dropped by 38.7%
Active lending volume decreased by 38%
There were 207 security incidents in the entire DeFi industry, resulting in losses of approximately $972 million
General-purpose Layer 2 user operations declined by about 77% from January to June 2026
These data indicate that DeFi is facing not just a simple price decline, but simultaneous pressure on capital, lending activity, and user engagement.
Most DeFi products currently still revolve around several core businesses:
Collateralizing assets to lend stablecoins
Providing liquidity to earn fees
Staking assets to earn yields
Using leverage to amplify capital efficiency
I believe what is truly lacking is a new type of financial product that can break through the original crypto-native user circles.
For example, why should ordinary users use DeFi instead of directly using banks, brokerages, or centralized exchanges?
This question has yet to be adequately answered
$UNI $AAVE #US October Nonfarm Payrolls Exceed Expectations, December Rate Hike Bets Heat Up
Big players' positions turn green! Triple positions simultaneously see floating profits decline.
$BTC, $ETH, $SOL triple positions simultaneously show narrowing floating profits; the previously dominant short combination begins to face a rebound test, and market sentiment shifts from "trend acceleration" to "capital repricing."
📊 Position Status
✅ BTC | Short | 30X Full Position
Position: -482.74 BTC
Position Value: $36.7437 million
Unrealized P&L: +$84,700
Funding Fee: +$3,095
Entry Price: $76,290.4
Mark Price: $76,274.1
✅ ETH | Short | 25X Full Position
Position: -3,464.69 ETH
Position Value: $7.7516 million
Unrealized P&L: +$200,000
Funding Fee: +$18,200
Entry Price: $2,295.01
Mark Price: $2,234.17
✅ SOL | Short | 20X Full Position
Position: -57,500 SOL
Position Value: $5.1509 million
Unrealized P&L: +$309,000
Funding Fee: +$16,400
Entry Price: $95.024
Mark Price: $90.64I've always been puzzled by something: the crypto community eagerly awaits favorable policies every day, but the U.S. pushes legislation whose stated purpose is, among other things, to "restrict Trump's crypto policies."
In other words, this bill is half about setting rules for the industry, and half about the two parties fighting and using crypto as a battleground.
For those of us holding $BTC, we don't even count as supporting characters in this narrative; we're just a backdrop.
Rules themselves are a good thing, but when they come, they're handed over after others have negotiated the terms.
So don't rush to call a bull market; first see clearly who is writing the rules. U.S. Representative Maxine Waters said that the Democratic Party is pushing for legislation related to Bitcoin and cryptocurrencies. This statement seems plain, but unpacking it reveals significant information.
The first layer is the preemptive claim of legislative power. One of the bill's goals is to restrict Trump's crypto policies—crypto regulation here is no longer a technical question of "whether to regulate," but a political battlefield where both parties compete to set the rules. Whoever writes the framework into law first will hold the operational space for the next administration.
The second layer is that the other half of the bill is about setting rules for legitimate businesses and protecting consumers. This half is a tangible benefit for the industry. In recent years, the most costly factor for U.S. crypto companies hasn't been taxes but uncertainty: doing business requires guessing whether regulators will turn hostile. Clear rules turn these costs into calculable expenses.
The third layer, in terms of mechanism, is clear: the legislation protects "legitimate businesses," not "all projects." The moment the rules are defined, boundaries are drawn. Exchanges, custody services, and other clearly definable businesses will gain a moat; those surviving in gray areas will be squeezed out.
Regarding assets, mainstream tokens like $BTC and $ETH are the primary beneficiaries; they don't need new narratives, just for the rules to stop changing.
One point worth pondering: the industry has been calling for "clear regulation" for years, and now that it has arrived, the cost is that crypto is thoroughly politicized. Certainty is not free; the price is giving up a part of oneself.The community is spreading the rumor that "Trump's media has liquidated 99.99% of Bitcoin," so I verified it:
The transfer is real. On November 5, Arkham marked a wallet labeled DJT "2028 convertible bond collateral" that transferred 4,259 BTC (about $330 million) to Crypto.com in two batches, leaving only about 1.3 BTC in the original address. At the address level, it is indeed considered emptied.
But "liquidation sale" is not confirmed. Crypto.com acts as both an exchange and a custodian. This company had similar transfers in May and August, which were explained as custody management at the time. Misinterpreting the transfer as a market dump is just one step away from spreading rumors.
What really needs attention is November 30: these coins are collateral for a $1 billion convertible bond, and SEC documents show that note holders can request repayment of about $1 billion starting that day. Even if all these coins are sold, they are only worth $330 million. If refinancing fails, that might then become real selling pressure.
#BTCNon-farm payrolls are over, $BTC is still grinding around $75,900. It hasn't moved far, nor broken through.
Within the day, it ranged from about $74,888 to about $76,416. The 50-week moving average at about $75,552 is below. The strategy cost at about $75,451 is also below. The 200-day moving average at about $76,475 is above.
Liquidity is thin over the weekend. Today, there are 5,512 Deribit expirations. The max pain point is around $78,000. Polymarket gives today's median at about $75,978. Half of the outcomes fall between about $74,795 and $76,920.
I'll stick with it for now. First, let's see if the weekly close can hold above $76,475.$ADA is making progress, but this isn't a mainnet breakthrough yet.
Cardano's DijkstraNet has moved to protocol version 12. Developers can now test nested transactions and Plutus V4 before these features reach mainnet.
That's useful progress for wallets and DeFi apps.
But Full Linear Leios isn't there yet, and Node 11.2 still lacks mainnet clearance.
The real test now is whether wallets can reliably build and sign these transactions. That's what matters.$ZEC has lower capital congestion than $BTC, yet its price is more resistant to decline
KARDVANE 04:08
In the UTC sample, ZEC congestion percentile is P80, while $BTC is P95; in the same snapshot, ZEC fell about 2.2%, BTC fell about 5.8%. This indicates that ZEC's bullish sentiment is relatively less extreme, and its price is more resistant to decline. If spot trading continues to support, an independent trend has a foundation; single-day relative strength is still insufficient to confirm a trend.
#VanEck与富兰克林推出含BTC配置的新型ETF #美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 On-chain activity is a bit twisted this week: Ethereum's daily average DEX trading volume is still around $4.95 billion (almost flat week-over-week), while Solana's daily average has dropped to about $2.57 billion, down roughly 7% week-over-week. When risk appetite tightens, money withdraws first, and on-chain data reflects this faster than words.
Why it matters: Everyone checks coin prices daily, but what truly reflects "willingness to play on-chain" is turnover. The cooling trading heat on the SOL side doesn't mean the narrative is dead, but it indicates short-term speculative positions are shrinking; on the ETH side, volume hasn't collapsed, suggesting there's an additional layer of settlement demand beyond spot/futures.
Confidence level: Medium (media aggregated from DefiLlama/weekly report standards, week-over-week data may fluctuate; inflows ≠ selling, volume drop ≠ guaranteed price crash). Do you trust "DEX volume as a leading indicator" more, or "volume returns as soon as risk appetite comes back"? Feel free to discuss.
$SOL $ETH Relatable — $BTC really did hold the line all day. $75,000 hasn't cracked, even after $1.17B in liquidations and a week of red.
'Can't hold on anymore' is exactly the feeling that marks local bottoms... or the last warning before a break.
Do you think $75,000 holds into the weekend?
#BTC #Bitcoin #CryptoTonight's 21:30 non-farm payroll data is being priced by the market as a "double thunderclap": the data is highly likely to far exceed expectations, unemployment rate won't rise, wages are still increasing, and rate hike expectations are heating up again. But what really deserves attention is not the data itself, but the nature of last night's drop—it looks more like a "sell-off ahead of expectations" rather than the end of a trend. There is an easily overlooked mismatch here: the negative news hasn't landed yet, but prices have already fallen in advance as a sign of respect. The bill has just been proposed, the AI narrative is still advancing, and the market's first reaction is always to cut the artery first, then slowly negotiate. In other words, the pricing of bad news often runs ahead of the bad news itself. While everyone is focused on "whether the data will explode," the real variable is "how much selling pressure remains after the explosion." This forms the strongest current market narrative: it's neither a recession trade nor a dovish trade, but a game of "all the bad news is out." $BTC, as the sentiment anchor, has already digested part of the rate hike panic in last night's pullback; $ETH followed the risk appetite contraction but did not show structural breakdown; high-beta assets like $SOL are most sensitive to liquidity expectations, and the amplified volatility precisely indicates that funds are repricing rather than withdrawing. The common point among the three is—the fall is in expectations, not fundamentals. What most people underestimate is equating "strong data" directly with "continued decline." But if strong data has already been traded in advance, its release may instead trigger a reversal. Large funds turning around never need a fully sufficient reason, only chips cheap enough. The real signal confirming this logic is not the data release itself"The three layers are not aligned, so don't take sides yet"
The most glaring aspect of the market isn't the ups and downs, but the conflicting directions: liquidation-side shorts account for 64.2%, with short chasers still taking hits; options-side bullish positions stand at 58.35%, showing a paper bias to the long side; institutional CME positions total $7.52 billion, up 5.79%, making the first move. Each of the three layers tells a different story, making it tough for anyone to follow.
Looking at the four coins separately, the activity is also layered. $BTC positions remain unchanged over 24 hours, like an anchor, with everyone waiting for its signal. $ETH positions increased by 4.02%, with volume up 30.59%, the only real increase and the hottest in the market. $SOL positions rose only 0.54%, following the trend without conviction. ZEC positions increased 0.47%, but volume shrank 21.90%, indicating cooling turnover. ZEC's upgrade is progressing by block and expected in early November, which is a long-term catalyst, not an immediate reason.
Bullish bets pile up on paper, but positions don't follow—this is the "misalignment." My approach is simple: wait. Wait for options and positions to align, wait for CME to act and transmit momentum to the whole market. No leverage before alignment; let positions show their stance first. Better to miss out than chase mistakes.🔒#美国10月非农超预期，12月加息押注升温 #美股遭大幅抛售：费城半导体指数创2020年3月以来最大单日跌幅 #美国新旧国会交接或影响美伊局势 $VELO
Coinbase has reopened the sending and receiving functions for AERO and VELO, and token swaps have also been completed. My first reaction is that the liquidity channel has been restored, not that a sudden batch of buyers appeared. The transfer demand accumulated during the suspension may be released, but the actual net inflow still depends on on-chain and exchange data.
VELO spot price is reported at $0.003606, with a 24-hour low of $0.003504 and a high of $0.003675, daily trading volume about 18.23 million tokens, equivalent to approximately $65,500. The trading pool is not large; a few orders can push the short-term price quite noticeably. I don't take 'resuming sending and receiving' as a direct reason for a price increase; first, I want to see if the trading volume can sustain, rather than just the reaction in the few minutes after the announcement. The channel is open, but the funds still have to come in on their own.
#美国10月非农超预期，12月加息押注升温 The non-farm payroll data is out: 165,000 new jobs added, while the expectation was only 65,000, and the unemployment rate dropped to 4.1%. Logically, this data is quite hawkish, and the bets on a December rate hike are heating up.
But what about the market? It quickly pulled back after hitting 74,887. Bitcoin is now at 75,770, and semiconductors are even stronger—SOXL jumped 13 points directly. Despite the bad news, the market couldn't be pushed down, which is interesting.
There are two ways to interpret this: one is that the bad news has been fully priced in, so if it doesn't fall, it means someone is buying at the bottom; the other is a technical rebound after a big drop. In a bear market, these rebounds are the most deceptive. Honestly, I can't tell right now, and I don't want to pretend I understand.
But one thing is certain: expectations for a December rate hike are rising, which is like a knife hanging overhead. So, I see the rebound as just a correction, not a reversal.
There are still many events next week. After the Democrats took both chambers, how AI regulation will be handled is a big issue. 76% of voters oppose building data centers, which is no small matter. The handover between the old and new Congress might also affect the US-Iran situation, so the news flow won't be quiet.
My approach is to wait until it stabilizes at 77,000 or 78,000 before considering entry. If 74,887 breaks, then it's a different story. Chasing the rebound now is just gambling on luck.
What do you all think? Has the bad news been fully priced in, or is this just a last gasp?
#美国10月非农超预期，12月加息押注升温 $BTC $ETH $SNDK $XRP I'll be straightforward, the order book for XRP is giving me a headache. Outside it's as quiet as a graveyard, but inside the order book it's dog-eat-dog, fiercely so. The 1.1771 level was forcibly pushed up by capital, damn it, isn't this obviously a trap? 🚀
The candlestick volume is shrinking while price creeps up, a total volume-price divergence mess, a classic pump-and-dump scheme by manipulative whales, shaking out retail investors who are left stunned. There's heavy selling pressure from 1.19 to 1.20 above, chasing longs at this level is just handing your head to the whales.
My view is simple: you can lightly short around 1.1771, set stop loss above 1.1880, target first 1.15, if broken then look at around 1.13. Don't be greedy, take profits when you can.
For how to place orders and watch the market, click the token market card below to check the order book yourself. Whether to follow or not is your own risk 💀
👇👇👇$BTC
The 401(k) proposal does not set a market value threshold for digital assets. I have a somewhat positive view of this news, but I wouldn't count it as an immediate buy signal for BTC. Experts expect related crypto options to possibly appear starting in 2027. Before funds truly come in, there are several steps including product design, employer selection, and regulatory implementation.
BTC spot is quoted at $75,863.7, with a 24-hour low of $74,887.9; perpetual positions are about $2.644 billion, with a funding rate of 0.01%. The price is still near the intraday low, and leveraged longs are still paying fees. Policy discussions can be considered for mid-term observation; right now, I trust trading volume and support more. The proposal is not a capital inflow, so don't celebrate the market prematurely.
#美国10月非农超预期，12月加息押注升温 Combining Binance hack + anti-quantum risk + institutional withdrawal: In-depth ultimate Bitcoin bear market price point simulation (detailed full version)
Core overall logic (this round of major decline is completely different from all previous bear markets)
In the past, Bitcoin declines were only due to liquidity, contract leverage, and macro interest rate hikes.
The major drop at the end of 2026 is the first since Bitcoin's inception: a fourfold ultimate bearish resonance of foundational belief collapse + asset security collapse + technological obsolescence expectation + collective institutional flight.
This is why:
All supports fail, all rebounds are traps, whoever buys gets stuck, whoever catches loses.
Four unprecedented catastrophic bearish factors
1. Binance hacked by state-level hackers, BTC cannot be frozen or recovered, asset security faith completely destroyed
2. Rapid iteration of AI + quantum computing, BTC's elliptic curve foundation completely outdated, long-term zeroing risk re-priced by the market
3. Trump's media, US institutions, ETF funds historically shift from only buying to continuous liquidation
4. Market-wide buying power exhausted, retail investors dare not bottom-fish, institutions continuously withdraw, incremental funds drop to zero
Four-stage precise price point deep simulation (from current 75,000 market gradually crashing)
Stage 1: Mild breakdown 60,000–65,000 (inevitable)
Core reasons for decline
1. After breaking 80,000, all moving averages resist, above are all dead locked positions
2. Hacker zero-cost BTC chips, smash the market on any rebound, no sustained recovery
3. ETF daily continuous net outflow, mechanical passive selling never stops
Market characteristics
- Each small rebound of 1,000–2,000 points instantly smashed back
- Market completely loses bullish sentiment, bulls all lie flat
- Belongs to the first wave of stealthy main sell-off, almost no resistance
Positioning: a downward consolidation, not a bottom
60,000 absolutely cannot hold, just a mid-way pause.
Stage 2: Intermediate main drop bottom 50,000–55,000 (core must-reach range this round)
Why must 50,000 break, the core pivot of this sell-off?
1. Institutions completely turn to sellers (historic turning point)
Previously institutions were the only support force, now:
- Trump's media liquidates 99.99% BTC
- US listed companies stop hoarding BTC, start cashing out
- Spot ETFs continuously redeem, institutional funds gradually withdraw
The market's largest buyers have completely disappeared.
2. Binance hack aftermath permanently changes market logic
Investors finally realize:
BTC held on exchanges is not yours, can be stolen anytime by state-level hackers, and cannot be recovered.
Resulting in:
- Whales continuously withdraw coins and exit
- Retail investors dare not hold overnight
- Long-term coin hoarding faith completely collapses
3. Quantum obsolescence expectation continues to ferment (largest hidden bearish factor)
Market previously only speculated on price moves, now speculates on foundational technology survival:
BTC's underlying secp256k1 elliptic curve
= Future quantum computers can directly crack private keys
= High probability of technological obsolescence after 2030
An asset with long-term obsolescence risk cannot maintain a high price of hundreds of thousands.
Market performance
Once 50,000 is touched, it will trigger:
- Chain liquidation of all longs across the network
- Panic selling stampede
- Network-wide wailing, complete cooling off
50,000 is the first truly terrifying bottom of this bear market.
Stage 3: Deep super bear market bottom 40,000–45,000 (high probability ultimate bottom)
Trigger conditions (currently gradually being met)
1. Global continuous quantitative tightening, interest rate cut expectations indefinitely delayed
2. Continuous exposure of breakthroughs in quantum computing and AI technology
3. Ongoing panic over exchange security, continuous capital flight
4. All small and medium institutions completely liquidate and exit
Why is 40,000 the ultimate value bottom?
1. BTC has completely lost the "digital gold" narrative
Gold cannot be stolen, cannot be cracked by quantum, cannot go to zero
BTC now simultaneously has three fatal weaknesses:
- Can be stolen
- Can be cracked by quantum
- No national credit backing
2. Vacuum in technology transition between old and new eras
Current market:
Old coins (BTC/ETH) expose foundational vulnerabilities
Emerging anti-quantum coins (STRK) not yet fully implemented⚡ AI regulation pressure + leverage liquidation: BTC falls below 76,000, $1.1 billion liquidated
Post-election gains evaporated overnight, the market shifted from "policy euphoria" back to "risk pricing."
Breakdown of the decline:
1. Sudden hash rate regulation: After the Democrats took both chambers, data centers faced public opposition—NBC survey shows 76% oppose community data centers, 33 out of 45 local referendums impose restrictions; Meta warns of stricter environmental reviews, Goldman Sachs cuts tech giants' spending pace to 2027. Tech stocks fell first, crypto followed.
2. Election trade retreat: The previous "Trump crypto bonus" was prematurely priced in, regulatory uncertainty repressed valuations, institutions reduced positions accordingly.
3. Leverage-induced long liquidation: $1.12 billion liquidated across the network in 24 hours, $990 million longs, 210,000 forced liquidations; price dropped from 78,767 to 75,986 in one hour, stop-loss orders trampled each other.
4. Macro deleveraging in sync: Nasdaq broke below the 200-day moving average, oil prices rebounded, real interest rates did not fall, risk assets contracted simultaneously.
Support: 75,700 → 73,000
Resistance: 79,100–79,600 → 81,200
Assessment: This is not the end of the bull market, but a composite pullback driven by "AI regulation expectations + election pricing shift + high leverage cleansing." The hash rate narrative cools short-term, AI altcoins bear the initial pressure; BTC has institutional support but 80,000 is a temporary ceiling, recovery above 79K is needed to talk about a rebound.
Tech stocks worry about delayed hash rate deployment, crypto market fears the leverage chain breaking.Starting from the first time crossing above this line during each repair phase:
September 2015, after 【57 days】 reached the phase high, about $500.
April 2019, after 【85 days】 reached the phase high, about $13,868.
January 2023, after 【88 days】 reached the phase high, about $31,050.
August 2026, 【78 days have passed】, phase high about?
The green line represents: Bitcoin's realized price UTXO age segment, simply put, the estimated average cost of BTC whose last on-chain movement was 3–6 months ago. I have recalibrated this on-chain cost line for Bitcoin.
This round crossed above on August 21, which is close to my idea of switching from short to long starting August 23. Counting to today, November 7, that's 78 days.
At this point in time, I will start paying attention. If I had to estimate, I would think that within 【100 days after crossing above, a phase high might appear】. I won't guess the exact rise, just watch quietly, be patient, and continue holding spot.
But don't just short directly on the 100th day. Time can only be a reference, no need to be rigid. Ultimately, watch the market for weakness or shorting structures.
【Enter spot in batches, watch structure for contracts.】 After all, the current downtrend has not yet been confirmed to reverse.
According to the order book I saw tonight, the buy wall of over 20 million near 75k on Binance has all been filled. Whether it rebounds or reverses afterward, I think this position has a chance to move upward for a while.
So for the spot notifications tonight, if you missed it or didn't get in, you can still consider entering in batches during tomorrow daytime and the weekend. If price and structure change, I will adjust accordingly.⚡ Funding Rate Crowd Check
$BNB: Funding Rate +1.00 bps | 24h +0.17%
$XRP: Funding Rate -0.22 bps | 24h -5.31%
$SPCX: Funding Rate +0.00 bps | 24h +7.13%
$BNB has the most extreme funding rate in this group, indicating that longs are paying the highest fees for leverage.
$BNB $XRP $SPCX
#TraderDesk #Crypto
⚠️ NFA — Manage risk and do your own research. #BerkshireQ3CashOutlook September 2015: 78 days after BTC broke above the green line to the peak of the bull market recovery phase
April 2019: 85 days after BTC broke above the green line to the peak of the bull market recovery phase
January 2023: 85 days after BTC broke above the green line to the secondary peak of the bull market recovery phase
August 2026: 75 days since BTC broke above the green line The assets in the picture $NVDA $SNDK $MU
If you usually trade with #okx Dual Currency Win, you can now trade directly with options.
Highlight: The minimum trading unit is not 1 lot (100 shares), which is very friendly for small funds. FTX sues Binance and Zhao Changpeng, seeking $1.76 billion in damages — Kevin O'Leary subpoenaed.
FTX Recovery Trust is suing Binance and Zhao Changpeng, seeking the return of at least $1.76 billion related to Binance's 2021 sale of FTX shares.
FTX claims this payment was a fraudulent transfer using funds from customer assets.
New development on November 5, 2026: Binance and CZ have issued subpoenas to Kevin O'Leary ("Shark Tank"), author Michael Lewis, and several other related parties to collect documents and testimony needed for the lawsuit.
Notably, O'Leary has publicly accused Binance of being one of the causes of FTX's collapse.
Kevin O'Leary is not a defendant. The lawsuit is against Binance and Zhao Changpeng by FTX. There is no final judgment yet. $BNB $XRP Damn it! This XRP pump is ridiculous, no news at all, just pure manipulation by the whales. I've been watching the 1.1765 level for a long time, volume can't keep up, the upper shadows are getting longer and longer, clearly a bull trap. Don't be greedy, this kind of rise without fundamental support will fall faster than anything. I've placed a short order, stop loss set above 1.19, target first at 1.14. If you want to follow, check the order book on the card below, don't chase the high, wait for it to reveal itself. 🔥⚠️
The above is just my personal opinion, not investment advice. Cryptocurrency is highly volatile, please make decisions cautiously, profits and losses are your own responsibility.
👇👇👇