Stablecoins
Macro
Destroying demand: Fed will keep hiking interest rates longer than you can stay solvent
The $1.7 trillion in savings will allow households to spend in a way that keeps demand strong despite soaring rates, which could continue feeding inflation and push the Fed to rise rates even further.
Mining
Bitcoin miner Argo in trouble after failed strategic investment leaves it cashless
If Argo fails to secure another strategic investment, the cash-strapped company could shut down in the coming months.
Research
Research: Public Bitcoin miners show we can expect a second capitulation
With the hash rate expected to grow even further and no end in sight to the bear market, we could see the ongoing miner capitulation continue until the end of the year.
Research
Research: Measuring liquidity with Bitcoin: Why this crisis spells trouble for Rolexes and real estate
A look at how Bitcoin's performance has been front-running all major assets and why luxury items and real estate will be the last ones to crash.
Adoption
MATIC up 23% over past month as addresses spike, coins leave exchanges en masse
A huge rise in adoption has pushed Polygon's price up 23% in the past 30 days, increasing the number of active addresses on the network and draining MATIC from exchanges.
Adoption
Ethereum becomes 50th largest asset by market cap after recent price action
With a market cap of over $188 billion, Ethereum rose to become the 50th largest asset in the world, standing head to head with giants such as Toyota, Disney, and McDonalds.
Payments
Bitcoin transaction worth $500M cost $0.80 in fees
A total of 24,529.85 BTC was sent on the Bitcoin network for a fee of just over 4,000 sats — or roughly $0.83.
Mining
World’s largest Bitcoin mining firm Core Scientific on the verge of insolvency
In an Oct. 26 SEC filing, Core Scientific said its operating performance and liquidity had been severely impacted by rising electricity costs and falling Bitcoin prices.
Price Watch
US and EU lead Bitcoin’s price action
Increased buying pressure in the U.S. and the E.U. pushed Bitcoin's price close to $21,000 as the two regions begin to buy BTC for the first time since August.
Research
Research: Bitcoin mining could help slow climate change
Using methane that would be burned or released into the atmosphere for crypto mining could not only make Bitcoin carbon-neutral, but also help it reduce global emissions by as much as 2%.
Research
Research: This on-chain ratio shows Bitcoin could go lower before final capitulation
Both the SLRV Ribbons and the SLRV Ratio show that BTC could see a further decline from its $19,600 levels before final capitulation.
Analysis
US debt surpasses $31 trillion
Over $11 trillion of the debt was added in the past 10 years alone, with $5 trillion a direct result of the debt spending initiated by the Biden administration.