ilqdty daily2 min readRead the latest
korea's main stock index fell 8% at the open and trading stopped for 20 minutes
SourceKorea JoongAng Daily
bitcoin barely moved overnight, and that's the part i care about going into the jobs report.
| Markets | Level | 24h | week |
|---|---|---|---|
| $BTC | 76,154 | +0.1% | -1.5% |
| $ETH | 2242.2 | +0.2% | -0.1% |
| $SOL | 90.4 | +1.3% | -6.1% |
| BTC.D | 59.9% | ||
| F&G | 28 fear |
01Crypto4 stories
- samsung wallet added USDC dollar accounts on solana for 82 million US galaxy phonesThe Block
- 54 of 62 companies, apple now among them, object to the NYSE owner's plan to put their stock on a blockchainFortune
- moscow's main exchange, under US sanctions, opens bitcoin trading on december 1Bitcoin Magazine
- trump media moved 4,259 bitcoin to the exchange cryptocomCoinDesk
02Macro2 stories
- the bank of england raised its rate to 4%, its first hike since 2023. the czech central bank hiked to the same level (Bank of England, Czech National Bank)
- democrats won congress, and that sets up a debt ceiling fight over tariffs and the warCNBC
03Trends3 stories
- on base, the denim upgrade went live and blocks now land every 200 milliseconds instead of 2 seconds (The Block). clanker, the app people use to launch coins on base, earned $41.7K a day, up from $1.4K last weekendDefiLlama fees
- on robinhood chain, the coin launch site pons passed GMGN, a big trading app, in weekly fees: $1.47M to $1.45MDefiLlama fees
- on bsc, $GM, launched on the flap launch site, ran nearly 13x to $6.9M in a dayDexScreener
04Today2 stories
- 8:30am ET: the US jobs report for october. forecast is around 59,000 new jobs with unemployment at 4.2%. it's the last big number the fed sees before deciding on a december hike
- bitcoin's daily close against $75,446, what strategy paid on average for its bitcoin
05My view
US stock futures were down 4.29% this morning and the fear index dropped 22 points. bitcoin ended the night about where it started. when stocks get hit like that and crypto holds, there are buyers on the crypto side.
the slower news is good too. samsung is putting dollars on solana inside phones people already own, and solana labs shipped leap, its own app for stocks and crypto, the same week (Decrypt).
the risk is the jobs report. monday's read still holds: a strong number makes a december hike almost certain. stablecoin supply shrank again over the week to $293.7B, so no fresh money has come in to soak up a bad print. the second risk is a bitcoin daily close under strategy's average price.
im still bullish. bitcoin held up on a day stocks didn't, and that matters more to me than one jobs number.
payrolls first thing, then the daily close. lock in.