If we look at DEXs’ 1-year average monthly fees vs FDV — the numbers tell an interesting story:
• Uniswap generated $104.2M in fees, trading at $8.5B FDV
• Cake generated $51.6M, trading at $900M FDV
• Jupiter generated $95.2M, trading at $2.4B FDV
• Raydium generated $79.6M, trading at $880M FDV
While, Meteora generated a massive $136M, yet trades at just $521M FDV
Meteora is the highest fee-generating DEX in the Solana ecosystem, yet its FDV is 2-3x lower than peers.
Something doesn’t quite add up 👀
• Uniswap generated $104.2M in fees, trading at $8.5B FDV
• Cake generated $51.6M, trading at $900M FDV
• Jupiter generated $95.2M, trading at $2.4B FDV
• Raydium generated $79.6M, trading at $880M FDV
While, Meteora generated a massive $136M, yet trades at just $521M FDV
Meteora is the highest fee-generating DEX in the Solana ecosystem, yet its FDV is 2-3x lower than peers.
Something doesn’t quite add up 👀
❤21
Market Watch
Bitcoin dumping ahead of the govt shutdown vote mostly due to profit-taking, ETF outflows & macro jitters. If the vote goes well, dip may be short-lived. Fear & greed Index dropped to 26
Trend line support intact at $98k.
Top Headlines
• SEC Chair Paul Atkins Reveals Which Crypto Tokens He Thinks Are Securities
Altcoin Update
• Bybit reveals 16 major blockchains have hidden code that can freeze user funds.
• Sui launching USDsui stablecoin.
• Zcash got its Saylor moment -
Zcash Treasury Company Cypherpunk Technologies backed by Winklevoss purchased 203,775 $ZEC
Bitcoin dumping ahead of the govt shutdown vote mostly due to profit-taking, ETF outflows & macro jitters. If the vote goes well, dip may be short-lived. Fear & greed Index dropped to 26
Trend line support intact at $98k.
Top Headlines
• SEC Chair Paul Atkins Reveals Which Crypto Tokens He Thinks Are Securities
Altcoin Update
• Bybit reveals 16 major blockchains have hidden code that can freeze user funds.
• Sui launching USDsui stablecoin.
• Zcash got its Saylor moment -
Zcash Treasury Company Cypherpunk Technologies backed by Winklevoss purchased 203,775 $ZEC
❤14
President Trump has signed a temporary funding bill, officially ending the longest government shutdown in U.S. history.
This stopgap deal keeps the federal government running and ensures most agencies stay funded until January 30, 2026.
This stopgap deal keeps the federal government running and ensures most agencies stay funded until January 30, 2026.
🔥17❤7
hey everyone shared a thread:
After tracking the macro + on-chain shifts this week, I’m low key scared to say this…
but bullish momentum actually looks more likely from here
A thread on why i think we might see a reversal from here: 🧵👇
https://x.com/axel_bitblaze69/status/1988941851400048754
After tracking the macro + on-chain shifts this week, I’m low key scared to say this…
but bullish momentum actually looks more likely from here
A thread on why i think we might see a reversal from here: 🧵👇
https://x.com/axel_bitblaze69/status/1988941851400048754
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
After tracking the macro + on-chain shifts this week, I’m low key scared to say this…
but bullish momentum actually looks more likely from here
A thread on why i think we might see a reversal from here: 🧵👇
but bullish momentum actually looks more likely from here
A thread on why i think we might see a reversal from here: 🧵👇
❤8🔥3
Market Watch
Btc is falling even after the government shutdown ends. Reason? combination of macroeconomic uncertainty & liquidation in Tech stocks.
Employment, CPI, non-farm payrolls, a bunch of data is either missing or delayed, the market can't price it in, which means investment expectations are gone, and the pricing foundation has been pulled out from under it.
Top Headlines
• $1.2 Trillion has been wiped out from the U.S. Stock market today.
• Dubai Court Issues Worldwide Freeze of $456 Million Tied to Justin Sun's Stablecoin Bailout
Altcoin Update
• $7 Billion USDe supply wiped out in last 30 days since 10/10 Liquidation event.
• Solana active addresses fall to 12-month low as memecoin trend fades
Btc is falling even after the government shutdown ends. Reason? combination of macroeconomic uncertainty & liquidation in Tech stocks.
Employment, CPI, non-farm payrolls, a bunch of data is either missing or delayed, the market can't price it in, which means investment expectations are gone, and the pricing foundation has been pulled out from under it.
Top Headlines
• $1.2 Trillion has been wiped out from the U.S. Stock market today.
• Dubai Court Issues Worldwide Freeze of $456 Million Tied to Justin Sun's Stablecoin Bailout
Altcoin Update
• $7 Billion USDe supply wiped out in last 30 days since 10/10 Liquidation event.
• Solana active addresses fall to 12-month low as memecoin trend fades
❤18👌2
On the weekly, BTC is sitting on two key supports, the trendline and the 50 EMA.
Historically, BTC has broken the 50 EMA only twice, and both times it wicked below, tapped the trendline, and closed back above the 50 EMA.
This time the trendline is gone, but we still have 2 days left for the weekly close.
If BTC reclaims the 50 EMA by weekly close, it sets up the same bullish reversal structure we’ve seen before.
Historically, BTC has broken the 50 EMA only twice, and both times it wicked below, tapped the trendline, and closed back above the 50 EMA.
This time the trendline is gone, but we still have 2 days left for the weekly close.
If BTC reclaims the 50 EMA by weekly close, it sets up the same bullish reversal structure we’ve seen before.
❤23🔥8👍2
Bitcoin ETFs have recorded $869.9M in outflows, the second-largest on record. The biggest single-day outflow was on February 25, 2025.
The market's biggest uncertainty right now is lack of information
For the past two weeks, major U.S. economic data releases have been delayed, creating a highly unusual information vacuum. And interestingly, this isn’t the first time something like this has happened under a Trump administration.
Both of the two largest government shutdowns in U.S. history happened during Trump’s terms. Is it just a coincidence… or does the chaos of a shutdown conveniently create conditions to manipulate market?
The 42-day shutdown in Oct 2025 looks very similar to the 35-day shutdown in 2018. Back in 2018, data delays triggered major uncertainty and heavy outflows from equity ETFs.
During the 2018 shutdown peak (Dec 2018–Jan 2019):
U.S. equity mutual funds & ETFs saw -$35.1B net outflows in Jan 2019. December 2018 alone recorded -$24.7B, nearly 11× larger than this months -2.4B Bitcoin ETF outflows (ofcourse because equities are much larger market).
In 2018, crypto wasn’t a regulated asset class yet, so the shutdown impact on crypto was limited. But once data clarity returned, markets adjusted and we eventually saw a strong recovery.
Now, with CPI and employment numbers still pending, the next data releases will likely decide the market’s next major move.
The market's biggest uncertainty right now is lack of information
For the past two weeks, major U.S. economic data releases have been delayed, creating a highly unusual information vacuum. And interestingly, this isn’t the first time something like this has happened under a Trump administration.
Both of the two largest government shutdowns in U.S. history happened during Trump’s terms. Is it just a coincidence… or does the chaos of a shutdown conveniently create conditions to manipulate market?
The 42-day shutdown in Oct 2025 looks very similar to the 35-day shutdown in 2018. Back in 2018, data delays triggered major uncertainty and heavy outflows from equity ETFs.
During the 2018 shutdown peak (Dec 2018–Jan 2019):
U.S. equity mutual funds & ETFs saw -$35.1B net outflows in Jan 2019. December 2018 alone recorded -$24.7B, nearly 11× larger than this months -2.4B Bitcoin ETF outflows (ofcourse because equities are much larger market).
In 2018, crypto wasn’t a regulated asset class yet, so the shutdown impact on crypto was limited. But once data clarity returned, markets adjusted and we eventually saw a strong recovery.
Now, with CPI and employment numbers still pending, the next data releases will likely decide the market’s next major move.
❤23😁1
Nearly 150,000 BTC has been flushed out at a loss under $100K, pure panic selling.
But remember: weak hands leaving the market is how strong bottoms are built
But remember: weak hands leaving the market is how strong bottoms are built
🔥42❤5
Shared some thoughts on edgeX.. A perp dex that im farming actively..
https://x.com/axel_bitblaze69/status/1990476599805030542
https://x.com/axel_bitblaze69/status/1990476599805030542
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
Some thoughts on @edgeX_exchange A perp dex im farming actively these days..
I see it as a "dark horse” that deserves way more attention.
Interestingly, it
• survived 10/10 without a scratch
• eLP printed during the chaos
• pulled in $38M revenue in October…
I see it as a "dark horse” that deserves way more attention.
Interestingly, it
• survived 10/10 without a scratch
• eLP printed during the chaos
• pulled in $38M revenue in October…
❤8
With U.S. jobless claims data rise to 232,000 higher than expected, the probability of a Fed rate cut has climbed back above 50%.
Next is inflation data, if it stays under control or moves further down toward the 2-2.5% range, the chances of a rate cut could increase significantly potentially reaching 70-80% or even higher.
Next is inflation data, if it stays under control or moves further down toward the 2-2.5% range, the chances of a rate cut could increase significantly potentially reaching 70-80% or even higher.
🔥16❤2
Market Watch
Crypto market sentiment has stayed in “extreme fear” for 7 straight days, with the index remaining below 20 for an entire week.
Meanwhile, whales are aggressively buying the dip, while short-term holders continue panic selling.
Historically, Bitcoin tends to rebound when traders’ realized-loss margin drops below -12%.
Right now, it’s at -16%.
TOP HEADLINES
• Mt. Gox transferred 10,423 $BTC ($936M) to Fresh Wallet
• New Hampshire Launches First Bitcoin-Backed Municipal Bond
Altcoin Update
• Ethereum unveils Ethereum Interop Layer, EIL
Crypto market sentiment has stayed in “extreme fear” for 7 straight days, with the index remaining below 20 for an entire week.
Meanwhile, whales are aggressively buying the dip, while short-term holders continue panic selling.
Historically, Bitcoin tends to rebound when traders’ realized-loss margin drops below -12%.
Right now, it’s at -16%.
TOP HEADLINES
• Mt. Gox transferred 10,423 $BTC ($936M) to Fresh Wallet
• New Hampshire Launches First Bitcoin-Backed Municipal Bond
Altcoin Update
• Ethereum unveils Ethereum Interop Layer, EIL
❤18
Has market really topped ? shared a quick analysis.
must read!
https://x.com/Axel_bitblaze69/status/1991177967905714629
must read!
https://x.com/Axel_bitblaze69/status/1991177967905714629
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
Is the top really in ?
I compared this cycle to 2017 and 2021 and the signals are…. interesting to say the least. 🧵👇
( must read )
I compared this cycle to 2017 and 2021 and the signals are…. interesting to say the least. 🧵👇
( must read )
🔥7❤2
Market Watch
Nvidia shattered expectations with a massive $57B Q3, triggering a strong risk-on rally across global markets.
AI-linked tokens reacted instantly ALCH (+40%) and STRK (+22%) led the surge.
Now, Bitcoin must break and close above the critical $93K resistance to maintain upward momentum and confirm a bullish continuation.
TOP HEADLINES
• The U.S. Treasury has less than 20 days left to submit its Bitcoin reserve plan
• INDIA TO LAUNCH RUPEE-PEGGED Stablecoin “ARC” IN Q1 2026
Altcoin Update
• Ondo secured FMA approval to offer tokenized US stocks and ETFs across 30 European countries.
• Two Bullish catalyst for Eth:
- BlackRock files iShares Staked Ethereum Trust
- Fusaka upgrade drops Dec 3
Nvidia shattered expectations with a massive $57B Q3, triggering a strong risk-on rally across global markets.
AI-linked tokens reacted instantly ALCH (+40%) and STRK (+22%) led the surge.
Now, Bitcoin must break and close above the critical $93K resistance to maintain upward momentum and confirm a bullish continuation.
TOP HEADLINES
• The U.S. Treasury has less than 20 days left to submit its Bitcoin reserve plan
• INDIA TO LAUNCH RUPEE-PEGGED Stablecoin “ARC” IN Q1 2026
Altcoin Update
• Ondo secured FMA approval to offer tokenized US stocks and ETFs across 30 European countries.
• Two Bullish catalyst for Eth:
- BlackRock files iShares Staked Ethereum Trust
- Fusaka upgrade drops Dec 3
❤26