ilqdty daily2 min readRead the latest
ledger confirmed a hardware implant inside a wallet sold through a reseller, with losses estimated above $86M
Source@Cointelegraph
check where you bought yours before you do anything else today.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 82,934 | -0.0% | -4.1% |
| $ETH | 2498.1 | -0.3% | -8.4% |
| $SOL | 109.3 | -0.7% | -10.1% |
| BTC.D | 59.7% | ||
| F&G | 61 greed |
01Crypto4 stories
- bain capital crypto led $37.5M into meanwhile, a bitcoin life insurer.Decrypt
- kalshi is investigating $173 of bets that pay $9,600 on trump's press secretary pick.The Block, citing the Wall Street Journal
- a french committee voted to tax stablecoin swaps at 31.4%, then rejected the whole budget 31 to 3.Decrypt
- robinhood chain's daily transactions fell from 10.8M to 6.2M since mid-september.@CoinDesk
02Macro2 stories
03Trends3 stories
- polymarket's us venue collected $19.5M of fees over seven days and passed hyperliquid's perp exchange at $17.1M. over 30 days hyperliquid is still bigger, $85.0M against $77.2M.DefiLlama fees
- papertrade turned on 1000x perps on hyperevm, hyperliquid's own chain, and traders lost $18.6M within hours.Crypto Briefing
- the coins trending on solana are small and fast. $Altai is doing $18.0M of volume on a $0.6M market cap, up 17470%, while $CLAUDIA is the biggest of the group at $8.4M and up 128%.
04Week ahead4 dates
- mondaythe cash treasury market is closed for columbus day and no federal data lands, while stocks and futures trade.
- tuesdayjpmorgan, goldman, citi and wells fargo report, the first read on credit after the bank index fell 9% in a month.
- wednesday 8:30 ETseptember cpi, consensus 3.6% headline and 2.5% core, the last inflation print before the fed meets on october 27.
- thursday 8:30 ETppi, retail sales and tsmc's earnings call, the cleanest check on ai chip demand.
05My view
the businesses under all this kept paying. pumpfun is routing 77% of its revenue to token holders now against 28% over its whole life, and hyperliquid's perp exchange sent holders $69.5M in 30 days. that is fee money from people actually trading, and holders are taking a bigger cut of it than the lifetime average.
the ledger story breaks the other half. holding your own coins means holding the device, and a chip planted in a reseller's box takes the device without touching the chain at all. the dated risk is wednesday's inflation print, with the ten-year having ended friday at 5.24%. a hot number drags hike talk back into the fed's october meeting, and long-duration assets reprice first.
what would change my read is new money. stablecoin supply sits at $311.0B and went nowhere over seven days, so this month's buying came from dollars already inside crypto. that figure turning up is what makes dips get bought faster, and it is the thing i care about most this week.
rest today. banks tuesday, cpi wednesday, chips thursday. monday we lock tf in.