Tom Lee points to the stock market’s steep drawdowns, despite strong progress in recent times, as a sign that Bitcoin could still see 50% declines in the future.
Solo Bitcoin miner scores $347K — ‘pure self-soverignty in action’
A solo Bitcoin miner has solved block 920,440, mining it entirely on their own and cashing in a huge reward for themselves.
Hopes rise for altseason, but the signals aren’t there yet
Crypto analysts believe the altcoin season could be arriving soon as liquidity shifts to risk assets, but altseason indicators currently stand at bear market lows.
Bets on Sam Bankman-Fried’s pardon surges to 12% on Polymarket
Former FTX CEO Sam Bankman-Fried’s odds on Polymarket of being pardoned by US President Trump have more than doubled to around 12% after Changpeng Zhao was pardoned.
Bulls dominate as Bitcoin options open interest soars to $63B
Bitcoin options open interest reached a record $63 billion, with bullish strike prices at $120,000 to $140,000 dominating.
Trader who made $190M shorting crash also apparently bet on CZ’s pardon
While some onchain sleuths called it “obvious insider knowledge,” others argued that Trump’s pardon of Changpeng Zhao was expected.
Crypto traders brace for Friday’s delayed US inflation report
September’s inflation data, which has been delayed by the government shutdown, is expected to be high at 3.1% but it is unlikely to stop momentum for Fed rate cuts.
DeFi perps volume explodes past $1T in a record month so far
Hyperliquid, Aster and Lighter have pushed decentralized perps trading volume to over $1 trillion in October, beating August’s tally with a week to spare.
Trump on CZ pardon: I’m told ‘what he did is not even a crime’
Following the pardon, CZ said he would do “everything we can to help make America the Capital of Crypto and advance Web3 worldwide.”
Traders see BNB going ‘up only’ after Trump’s CZ pardon
The sharp rise in BNB’s price also has crypto traders speculating that altcoin season could be on the horizon.