UPDATE from an insider
China has no quant firms because all the quant talent is working undercover at Binance et al doing b-book internal MM.
For those who don't know, b-book means the internal MM gets the first look at any incoming order. They can fill it (sometimes covering straight away elsewhere) or leave it for the others. If they do the former, nobody has to know - it doesn't even make it to market data.
Checks out.
$700K profit. No gambling. This bot is eating btc micro-windows for breakfast.
Found the wallet kingofcoinflips. At first I thought there were some crazy neural networks and complex hedges there. But in reality it's way simpler.
According to his profile: https://t.co/TudzcMUxcs
The bot just takes money from 15-minute Bitcoin charts. Since August it has made 2144 trades. This bot grew from zero to $700k in 4 months. The profit chart is just a line to the sky with no drawdowns or red zones.
Here's how it makes them.
This isn't reading tea leaves. This is time arbitrage. When Bitcoin on Binance sharply flies in any direction, Polymarket quotes lag by 30-90 seconds.
The bot sees the impulse in reality and places a bet on the "future" that hasn't arrived yet on Polymarket. This is pure speed. Got in at 39 cents, got out at 75, repeated.
A few details for understanding:
The biggest profit from one trade is $69K. In just 15 minutes.
Iron discipline. The bot enters with a fixed amount of $9k. It doesn't care if it lost or won. The next trade will be exactly the same.
His portfolio isn't just Bitcoin. 35% goes to Ethereum, another 15% to Solana. The bot holds up to 9 positions simultaneously, draining liquidity from every crack.
The funniest thing is in his name: coinflips.
Although with 90% accuracy and complete absence of emotions, this doesn't look like a game at all. While everyone argues about rates, the software methodically robs those who didn't update the price in time.
Better not miss this one.
🚨 BREAKING
FED INSIDER WITH 100% WIN RATE JUST OPENED A $75 MILLION BITCOIN SHORT AHEAD OF TODAY’S URGENT ANNOUNCEMENT.
THIS WALLET HAS NEVER LOST A TRADE AND JUST WENT ALL-IN ONCE AGAIN.
WHAT’S GOING ON??
Younger brother came into town for the holidays, we were talking about crypto yesterday.
Trying to figure out why it's been so weak, even with strong equity markets. He threw me a curveball.
"Crypto isn't that cool anymore."
Blew my mind. The kid is 22.
"Prediction markets are better, and stocks too because they don't get rugged 24/7".
I looked much deeper last night...and what I'm observing under the surface is not technical or fundamental.
It's cultural. A social shift. Attention has relocated.
Starts on youtube. Views are down across anything related to crypto.
A crypto youtuber with 139K subscribers said that his viewership had dropped more in the last 2 weeks than anything he's seen in 5 years.
Second point. Attention is shifting from the top. The biggest crypto influencers are publicly "losing interest" in crypto, and switching to stocks (sources attached).
Third point. Crypto has long been a free-spirited, lawless, young man's game.
But with legacy brokerages like Schwab/JPMorgan getting involved + gov't interest, is crypto losing the demographic that made it popular in the first place?
Potentially...as the perception's changed.
Fourth point. Optionality. Every vehicle is becoming more accessible. From $COIN adding stock trading, to $HOOD adding 0DTE options, to prediction markets as a whole...
Everything's right there...without the perceived risk of a rug-pull via the “lawless” crypto landscape that defined crypto’s appeal in the first place.
Question is...does real-world crypto utility generate enough demand to offset a sustained decline in retail participation?
All I'm saying is the divergence of the once highly correlated $BTC - $QQQ pair is highly suspect. And it's only getting wider.
Yes, you can argue some of these things happen in every crypto bear market, but there's new variables & moving parts now (optionality + legacy brokerages participation + gov't interest) that change the game.
Crypto seems to be in a transition phase...from a momentum asset to an infrastructure asset.
Fundamental transitions like this are usually not kind to price in the medium term.
Long term, I'm bullish on the crypto's utility and think it will be everywhere, but the real world utility/adoption (and subsequent growing pains...) is something I'm watching in 2026.
BRAZIL IMPOSES 17.5% TAX ON OVERSEAS CRYPTO HOLDINGS
Brazil enacts a 17.5% tax on foreign crypto assets starting in 2024.
Move represents a growing global trend toward stricter crypto taxation.
Tax-friendly environments for crypto investors are quickly disappearing.
Governments now view digital assets as a key revenue source.
$50 MILLION CRYPTO-TO-GOLD LAUNDERING BUST IN THAILAND
Thai police arrest South Korean national linked to laundering over $50 million in crypto for a call center gang.
Suspect allegedly converted illicit digital assets into gold, enabling cross-border money flows.
Case highlights growing intersection of crypto and traditional assets in international crime.
Authorities stepping up enforcement on crypto-linked financial crimes.
CRYPTO SENTIMENT SURGES TO GREED AS FED SIGNALS RATE CUT
Crypto sentiment flipped back to Greed on Saturday, according to key market trackers.
Bitcoin and Ethereum both rallied following Fed Chair Powell’s speech hinting at a possible September rate cut.
Lower rates historically drive demand for risk assets and may provide further tailwinds for crypto markets.
Investors are watching for sustained momentum ahead of the next FOMC meeting.
$BTC $ETH
JAMES WYNN TAKES AGGRESSIVE 25X LONG AS ETH HITS NEW HIGHS
Prominent trader James Wynn opens a 25x leveraged long position on $ETH after price reaches a new peak.
His simultaneous high-leverage Dogecoin trade shows negative returns.
Wynn’s strategy underscores increased risk appetite among market whales.
All eyes on $ETH as volatility rises.
IRS CRYPTO CHIEF TRISH TURNER RESIGNS AFTER 3 MONTHS
Trish Turner steps down as head of the IRS crypto division just three months after her appointment.
She is the third private-sector executive in a row to leave the role early, with predecessors lasting around a year.
Frequent leadership changes raise questions about stability in the IRS’s approach to crypto enforcement.
BITCOINERS REMAIN SKEPTICAL OF INSTITUTIONAL INVOLVEMENT
Preston Pysh highlights growing concerns about institutions engaging in "institutional-like things" with Bitcoin.
Many Bitcoiners fear traditional finance could reshape Bitcoin’s ethos and utility.
Institutional participation continues to rise despite ongoing skepticism.
Cautious optimism remains as the institutional footprint in $BTC expands.
US LAWMAKERS PROPOSE PRIVATE CYBERCRIME HUNTERS
A new US bill would authorize private actors as "cyber privateers" to combat cybercrime.
Targeted offenses include crypto theft, ransomware, and "pig butchering" scams.
The bill aims to enable faster, more flexible responses to growing digital threats.
An aggressive approach to protecting US digital assets, including cryptocurrencies.
COURT DELAYS COINBASE BIOMETRIC DATA LAWSUIT
US judge grants a brief stay in the Coinbase biometric data lawsuit.
Stay allows time for a related appellate court decision that may impact the case.
Court aims to reduce litigation burden and seek clarity on legal standards.
Attention now turns to the appellate court's upcoming ruling.
$COIN
ETHEREUM SURGES TO NEW ALL-TIME HIGH AS FED SHIFTS DOVISH
$ETH breaks past $4,870, exceeding its November 2021 peak.
Renewed inflows into Ether spot ETFs signal rising institutional demand.
Analysts attribute the rally to the Federal Reserve’s dovish tone and macro tailwinds.
Ethereum eyes the $5,000 mark as institutional adoption accelerates.
$ETH
BITCOIN MINERS FACE NEW TARIFF PRESSURE, WALL STREET SIGNALS BLOCKCHAIN INTEREST
US Bitcoin miners confront over $100 million in new tariffs, tightening margins.
Polkadot advances fresh outreach to Wall Street firms.
SharpLink increases $ETH holdings, while Beijing signals a shift to yuan-backed stablecoins.
Regulatory and macro headwinds remain top of mind for digital assets.
VANECK FILES FOR FIRST SOLANA STAKING ETF
VanEck has filed for a US ETF backed by JitoSOL, a Solana liquid staking token.
This is the first US ETF application targeting staking yield exposure.
Move tests SEC's position on crypto staking and could broaden ETF market access.
Innovative ETF filing signals growing institutional interest in Solana ecosystem.
COURT APPROVES $13M BLOCKFI SETTLEMENT AFTER OBJECTION WITHDRAWN
A US judge has approved BlockFi’s $13M class-action settlement.
The decision follows the withdrawal of an investor’s objection originally filed in February.
Settlement clears a major legal hurdle in BlockFi’s bankruptcy process.
Key step toward resolving creditor claims and closing BlockFi’s bankruptcy case.
STABLECOINS TO REACH TRILLION-DOLLAR MARKET BY 2028, COINBASE SAYS
Coinbase projects global stablecoin market cap will surpass $1 trillion within 4 years.
Report follows rising government focus on stablecoin policy worldwide.
Growing regulatory clarity seen as a catalyst for rapid adoption and innovation.
Stablecoins like $USDT and $USDC may become critical to the future digital economy.
BITCOIN RETIREMENT PLAN ACCESS COULD OUTPACE ETF IMPACT
Bitwise says US 401(k) crypto inclusion may drive greater $BTC demand than recent spot ETF launches
Access to retirement accounts unlocks trillions in potential allocations for Bitcoin
Despite recent declines, long-term upside remains on the table
$BTC