💀 DeFi feverish - another $285,000,000 is under threat...

➠ Stream Finance reported a loss of funds of $93m.

➠ YieldsAndMore analysts believe that Stream Finance’s problems carry a potential risk for $285m assets in the DeFi ecosystem.

➠ Stream funds were distributed over many DeFi protocols - Elixir, TelosC, MEV Capital, Morpho, Silo, Euler and others.

➠ Money passed through synthetic tokens #xUSD, #xBTC and #xETH, which were used as collateral on different platforms and repeatedly redistributed between them.

➠ Most under the sights are: TelosC - potentially can lose $123.6m, Elixir - $68m, MEV Capital - $25.4m.

➠ Elixir’s situation is particularly alarming - about $68m, or 65% of their stablecoin deUSD reserves, are placed in Stream Finance and are now blocked. Refunds are suspended while legal review is underway.

➠ The risk map is incomplete, new points of infection may appear as items are liquidated and contracts are audited.

➠ The Stream incident was the third major blow to DeFi in a week

@Сryptoz ₿

👏 #ZK The founder of ZKsync proposes to update the tokenomics of the project - twitter

The main idea is that all income generated by the network should be directed to the redemption and burning of ZK tokens, staking and financing of the ecosystem.

@Сryptoz ₿

🤯 Traders are actively betting on the decline of #BTC and #ETH - they are short (liquidation card)

➤ With a sharp increase in ETH to ~$4000, the volume of liquidations of SHORT-positions will exceed $5,700,000,000.

➤ With a sharp increase in BTC to ~$117,600, the volume of liquidations of SHORT positions will exceed $10,290,000,000.

@Сryptoz ₿

#breaking
😐 Marketmaker DWF Labs hid the hack for $44,000,000 - ZachXBT/tanuki42

In September 2022, the hacking group AppleJeus, associated with North Korea, stole assets of $44m from DWF Labs - mainly #USDC and #USDT.

The market maker has never publicly commented on this incident.

@Сryptoz ₿

❌🇺🇸 Donald Trump said that SNAP program benefits will be issued only after the U.S. government resumes its work.

More than 40,000,000 Americans rely on the SNAP program - monthly benefits are about $8,200,000,000 (now payments are frozen).

The decision may affect low-income families, pensioners and recipients of social benefits, for whom SNAP is the main source of food support.

@Сryptoz ₿

😂 Trader Machi Big Brother was liquidated again...

His HyperLiquid account has a miserable $1718 left.

He once earned more than $44,000,000 - but now all his profit has turned into $15,000.00 in losses.

@Сryptoz ₿

🧸 Welcome to the bear market...

Twitter is already trumpeting that Bitcoin has officially entered the bear market stage, having collapsed by 20% since the peaks of October 6.

@Сryptoz ₿

📉 CryptoQuant: Bitcoin may drop to $72,000 if it does not hold the $100,000 level.

The reason is weak demand after the largest liquidation on October 10 at $20b.

Since then:
⊹ Spot purchases of BTC are decreasing.
⊹ Outflows continue from crypto-ETF.
⊹ There is a negative premium on Coinbase (BTC is traded cheaper on Coinbase than on other exchanges).
⊹ Bull Score index from CryptoQuant - 20 out of 100, bright bear zone.

Context:
⊹ Bitcoin fell below $100k for the first time since June. ⊹ Other crypto assets are also in the red: «GMCI 30» (TOP-30 largest cryptocurrencies) -9% per day.
⊹ Investors are going to risk-off - they fear new tariffs, a pause of the Fed with the rate and a weak stock market.

At the same time, CryptoQuant and Hashdex believe that the $100,000 level is more psychological than fundamental.

Strong factors remain:
⊹ Record inflows to Bitcoin ETF since the beginning of the year.
⊹ Corporations continue to increase Bitcoin on balance sheets.
⊹ Completion of the Fed’s #QT can return liquidity to the markets.

@Сryptoz ₿

#eth
🐋 Whales buy back Ethereum on correction.

Over the past 2 days, 5 large investors have accumulated 323.523 ETH ($1.12b).

Meanwhile, Bitmine and SharpLink’s total loss on Ethereum increased to $2.57b.

@Сryptoz ₿

🔽 SV: Money outflows from American Bitcoin and Ethereum ETFs continue (5 red trading days in a row).

Net outflow for yesterday:

▪#BTC = -$577,740,000.
▪#ETH = -$219,370,000.

@Сryptoz ₿

#onchain
😐 CryptoQuant: In 24 hours, short-term holders sold 45,700 BTC ($4.6b) at a loss.

@Сryptoz ₿

🎉 #ASTER Aster Exchange plans to launch its own private blockchain with zero commissions - AB Kuai.Dong

CEO Aster noted that in the future DEX will be able to trade tokenized traditional assets (shares, futures, etc.)

In addition, the project plans to launch a premarket of futures for new projects in partnership with Buidlpad.

@Сryptoz ₿

🇻🇳 #USDT Tether and the government of Vietnam - announcement

Tether has signed a memorandum of understanding (MoU) with the People’s Committee of Da Nang (Vietnam).

➤ Goal: joint development of blockchain infrastructure, digital management and innovative fintech models.

➤ Plans: research and implementation of blockchain solutions for transparent and effective city management, support in the development of policies and regulations in the field of digital assets and tokenization of real assets, educational programs on blockchain, AI and P2P technologies for universities and specialists, creation of a sustainable ecosystem of digital payments.

@Сryptoz ₿

🍬 #MON The launch of the Monad token (TGE) will take place on November 24 - announcement

@Сryptoz ₿

🤝 #XRP Ripple - partnership with Mastercard (announcement)

Ripple, Mastercard, WebBank and Gemini are testing a system for credit card payments on XRP Ledger using stablecoin RLUSD.

The green light is expected from American regulators in the coming months - then the phased introduction of #RLUSD into the Mastercard, WebBank and Gemini settlement system will begin.

@Сryptoz ₿

🇭🇰 Franklin Templeton launches Hong Kong’s first tokenized money market fund (original)

This is the first step within the framework of the «Fintech 2030» strategy presented by the Hong Kong Monetary Authority.

The plan includes more than 40 initiatives. Among them:
• Introduction of artificial intelligence into finance.
• Creation of a full-fledged tokenization ecosystem.
• Launch of a settlement system based on tokenized deposits and the future digital currency of the Central Bank (CBDC).

The project is implemented together with HSBC (one of the largest banks in the world) and OSL Group (a licensed crypto broker and custodian in Hong Kong) - they test almost instant settlements between the banking system and the blockchain.

@Сryptoz ₿

#tradewar
🇺🇸 The U.S. Supreme Court is 71% likely to recognize Donald Trump’s trade duties as illegal (based on Kalshi rates)

@Сryptoz ₿

🫧 The Fed is inflating the bubble again, and capital flows into Bitcoin and Gold (Ray Dalio)

✦ The Fed is preparing to complete #QT and return to the printing press (#QE). Officially - a «technical measure», but Dalio considers it the beginning of a new cycle of debt easing and monetization.

✦ If the Fed’s balance sheet begins to grow against the background of a rate reduction, a record budget deficit and the growth of the stock market, it is not a salvation of the economy, but a pouring of gasoline into the overheated market.

✦ At the same time, the economy is not in recession:
• Indices at the maximums.
• Unemployment ~4%.
• Inflation is above the target.
• AI-actions are inflated to the point of madness.
That is, it’s not «QE for the sake of salvation», but QE in the midst of the bubble.

✦ According to the classics of the Great Debt Cycle, it looks like:
• A sharp increase in the supply of public debt.
• The Central Bank buys it out by printing money.
• The Treasury reduces the terms of bonds.
• And inflation is being ignored for the sake of elections and economic growth.

✦ Dalio believes that this is no longer just a technical step - it is the final stage of the cycle: stimulation, debt monetization and overheated markets.

✦ As in previous cycles, capital goes to limited assets: Gold, Bitcoin, etc.

Ray Dalio is a billionaire and founder of the world’s largest hedge fund Bridgewater Associates.

@Сryptoz ₿

📈 Santiment: There is a sharp increase in activity in the XRP Ledger network - 21,595 new wallets have been created in 48 hours (maximum in 8 months).

At the same time, the #XRP token increased by 12% per day.

@Сryptoz ₿