Bitcoin dips to ~$67.6k amid geopolitical tensions & 4th week of ETF outflows. Fear index at "extreme fear." Analysts eye $60k support as a shadow trader shorts for $7M profit.
finixyta
npub17gec...742j
The world of financial markets, blockchain, and digital currencies. https://www.patreon.com/c/NexusFinance
The "SaaSpocalypse" refers to a $300B sell-off in SaaS stocks triggered by AI agents threatening the per-seat pricing model. This capital rotation toward AI also pressures crypto as investors de-risk from both high-growth sectors.
CryptoQuant CEO says Bitcoin needs to hit ~$55k or consolidate for months to recover. Selling pressure overwhelms new capital as institutions unwind. Altcoin outlook is even bleaker.
Wall Street moves into prediction markets: Bitwise, GraniteShares, & Roundhill file for election-outcome ETFs. This mirrors the early crypto ETF wave as prediction market volumes hit a record $15.4B in January.
$1.28T wiped from gold & silver as Lunar New Year thin liquidity amplifies a sharp correction. Silver falls nearly 40% from its high. Analysts see a volatile consolidation phase after a powerful rally.
Bitcoin is down ~22% YTD, its worst Q1 since 2018. A recent 9% bounce was fueled by leverage, increasing downside risk. Key support at $66k; a break could target $58k.
At Consensus HK, the thesis solidified: crypto is the currency for AI agents. From Hong Kong gov't endorsements to deployed enterprise tools, the AI-crypto convergence is moving from hype to infrastructure build-out.
Japan's Metaplanet reports 738% revenue surge from Bitcoin business, but a $667M valuation loss from BTC drop leads to net loss. The firm holds 35k BTC at $1.35B unrealized loss.
Nicki Minaj joins Trump's World Liberty Financial forum at Mar-a-Lago on Feb 18, alongside Wall Street & crypto leaders. Her latest step into Trump's political & crypto orbit after a White House endorsement.
Strategy says it can cover $6B in debt even if Bitcoin drops 90% to $8k. But below that, covenant breaches & forced selling create real survival & market contagion risks.
Ethereum dips 7%, but Coinbase CEO notes retail investors are "buying the dip" & increasing holdings. "Diamond hands" could stabilize prices despite macro headwinds.
CZ details the Binance-FTX split: from 2019 investment & SBF's "badmouthing" to the 2021 exit. He denies exiting due to inside knowledge, stating it was a strategic move long before the collapse.
Ray Dalio warns the post-WWII global order is breaking down, entering a "Stage 6" great power conflict cycle. For crypto, this means potential long-term gains from financial fragmentation, but short-term volatility spikes.
Binance denies a report claiming it found $1B in Iran-linked USDT transactions & fired compliance staff who raised concerns. The exchange says no sanctions violations were found and no one was fired for reporting.
Sens. Warren & Kim demand Treasury probe into Trump's World Liberty Financial over a $500M UAE investment days before inauguration, citing national security risks & foreign influence.
US investors are rotating out of Bitcoin & Ethereum ETFs and into international equities. Sustained outflows signal a major capital shift amid higher Treasury yields.
Russia reconsiders its stablecoin ban, launching a feasibility study for a domestic coin. Pressure from US/EU digital currency advancements & sanctions may be driving the strategic pivot.
Ethereum Foundation appoints Bastian Aue as interim co-Exec Director, shifting focus to long-term "cypherpunk" survival over short-term trends. ETH reclaims $2k but is down 36% quarterly.
X will integrate stock & crypto trading directly into user timelines via "Smart Cashtags." A major step in Elon Musk's plan to build an "everything app."
Coinbase urges the Fed to let non-banks access special payment accounts to cut costs & reliance on intermediaries. Warns current "restrictive" terms could make accounts commercially unviable.