sp.

Macro mind. Crypto grind. Narratives, trends, momentum

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@shxsuiXBT ADL is crazy shit sometimes

[Fifteenmin @Fifteenmin_news]

Pentagon preparing troops for Ground Invasion of Iran

-15min News

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Interesting action in the Strait of Hormuz

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Trump Revives Greenland Plans

According to a high-ranking government official, US President Trump is revisiting ways to bring Greenland under greater US influence during his current term

Several options are being discussed, including purchasing Greenland from Denmark, a Compact of Free Association (formal autonomy but close security and foreign policy ties with the US), and long-term strategic agreements

The White House emphasizes that, given strategic interests, "all options are on the table," including military ones

This is due to Greenland's geopolitical importance, critical raw materials, and the growing presence of China and Russia in the Arctic

What began as an idea has now become a serious geopolitical project

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@mmmatt Can I have your playlist ?

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Paramount Launches $108B Takeover Bid on Warner Bros.

Paramount Skydance has launched a hostile cash bid of $30 per share for Warner Bros. Discovery – a total of $108.4B

This directly challenges the deal between Warner Bros. and Netflix, which was announced just days earlier

Paramount is offering $18B more in cash than Netflix, but both deals face significant antitrust hurdles

The Paramount bid is being financed by, among others, the Ellison family, Middle Eastern sovereign wealth funds, and RedBird/Affinity Partners (Jared Kushner)

Prediction markets now see the probability of a successful Netflix deal at only 16%

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November Sector Performance Recap

November is among the weakest months of the entire cycle this year. Historically, the median is +8.8%, but in 2025, the market recorded one of its worst November performances of the last decade (Image 2)

Bitcoin's drop to the $80k mark dragged down all altcoin sectors significantly, leading to widespread capitulation across the entire market

Sector Performance Overview

- DeFi Sector: -9%

- L2 Sector: -7%

- AI Sector: -18%

- Meme Sector: -25%

- L1 Sector: -27%

- Gaming Sector: -33%

This means that not a single sector is in positive territory – all are heavily down. Speculative segments such as gaming, DeFi, and AI were particularly hard hit, continuing to sell off after the high volatility in October (Image 1)

Open interest (OI) also paints a clear picture

Following the massive wave of liquidations in October, there was no significant recovery

On the contrary, total OI fell by another $8B since the October low, underscoring the continued capital flight and reluctance of market participants (Image 3)

November was thus clearly a capitulation phase – high volatility, widespread risk reduction, and hardly any new inflows

The market structure remains fragile, but the focus is now on December, which is historically often considered the strongest month of the year

Whether the market begins to recover after two consecutive bearish months or definitively enters a bear market will be decided in the coming month

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BlackRock's Bitcoin ETFs Become Major Revenue Driver

BlackRock reports that its Bitcoin ETFs are now the most profitable product line of the entire company

The US spot ETF $IBIT, launched in January 2024, is particularly dominant

The fund reached $70.7B in assets under management in just 341 days – faster than any ETF before it – and is already generating estimated annual fees of over $245M

$IBIT now holds over 3% of the total $BTC supply, fueled by massive net inflows of over $52B in its first year

This is an interesting boom for BlackRock

The company manages over 1,400 ETFs worldwide and $13.4T in assets – yet Bitcoin is now generating the highest revenue

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Nvidia's Huang in a Leaked All-hands Meeting Thursday, According to Business Insider:

Huang: the Market Did Not Appreciate" Its "incredible" Quarter

Huang: If We Delivered a Bad Quarter, It is Evidence There's an Ai Bubble. If We Delivered a Great Quarter, We Are Fueling the Ai Bubble.

Huang: We're Basically Holding the Planet Together

Huang: Nvidia's Work Was Helping the US to Avoid a Recession

$NVDA

-15min News

[Fifteenmin @Fifteenmin_news]

Bitcoin Solana Fund (BSOL) Sees Record Inflows of $417M in First Week of Trading

Bitwise's Solana ETP led all crypto ETPs this week with inflows of $417M – far ahead of the competition

Even industry giant BlackRock's $IBIT lagged behind after a rarely weak week

With this result, BSOL ranks 16th among all global ETP inflows this week – an exceptional start for the still-young fund

The high trading volume underscores the growing interest of institutional investors in Solana-based products and signals that the sector continues to attract fresh capital

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Consensys Prepares for IPO with JPMorgan and Goldman Sachs

MetaMask's parent company, Consensys, is planning an initial public offering (IPO) and has engaged the investment banks JPMorgan and Goldman Sachs for the venture. The company aims to follow the lead of other crypto firms like Circle and Bullish.

MetaMask itself plans to launch several new features, including perpetual futures, a rewards system, and the integration of prediction markets via Polymarket.

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$TAO / one of the few altcoins that didn't suffer losses during the liquidation event / the plan remains the same

$TAO is one of the few altcoins that quickly recovered to its pre-liquidation level, which is clearly reflected in the Open Interest (OI)

The liquidation event caused a drop of more than 75% in OI, but unlike other altcoins, this was quickly bought back, and $TAO soon returned to its pre-liquidation level

But why is this the case with $TAO?

The most important point:

Market makers (MM) had already significantly increased their activity before the liquidation event

Therefore, I can easily imagine that they knew such an event was imminent and used the opportunity to buy up the lower prices – with the goal of subsequently driving the price back up and simultaneously entering the market at a lower price

However, I don't believe that the MM knew exactly that this liquidation event would occur in this specific form

$TAO Halfing Hype

Since the hype surrounding the $TAO halving has increased significantly in recent weeks, I can imagine that many retail investors have entered the market – assuming that a similar situation could develop with $TAO as with the BTC halvings

That alone could have kept interest high at $TAO compared to other Alts, which is why retailers also bought heavily during the dip

Thus, for me, a combination of market maker activity and retail interest explains why $TAO was able to perform so well

My plan, however, remains the same

My limit order is placed in the $232 range and ready to be executed. If we see this level again, I'm very keen to buy

Updates to come

[sp. @SpNarrative]

JPMorgan Launches Tokenization Platform “Kinexys” – Private Equity Goes On-Chain

JPMorgan has tokenized a private equity fund on its Kinexys Fund Flow blockchain platform for the first time.

The transaction was carried out by the wealth management and private banking division in partnership with Citco and marks the beginning of a broader rollout planned for 2026.

With Kinexys, JPMorgan intends to tokenize private credit and real estate in the future

The goal is to enable real-time settlements between fund managers, transfer agents, and distributors – which, according to JPMorgan, should create new sources of liquidity and more flexible portfolio structures.

[sp. @SpNarrative]

Gm

Let‘s rock it Today

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Openai Considering IPO Filing as Soon as H2 2026

-15min News

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Openai Preps for IPO That Could Value It Up to Around $1 Trillion, Sources Say

Openai Aims at Filing as Soon as the Second Half of 2026 and Listing in 2027, Sources Say

Openai Plans to Raise at Least $60 Billion, Sources Say

-15min News

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@CheddarFlow Big Ooofff

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Well done

[SolanaFloor @SolanaFloor]

🚨JUST IN: @Fidelity has filed an amendment to its S-1 registration for a proposed @Solana spot ETF.

[sp. @SpNarrative]

Berkshire Hathaway (BRK.A) – My current Plan

Berkshire Hathaway (BRK.A) continues to trade within a technically crucial range with the chart revolving around the Point of Control at $735

The stock has remained resilient throughout the year, supported by Berkshire’s diversified portfolio and strong cash position

However, with the Buffett Indicator now hovering ~190%, U.S. equities are considered significantly overvalued, which could limit further upside momentum unless we see stronger earnings growth

This overextended macro environment might start weighing on large-cap valuations — including BRK.A — over the next few weeks

If the price manages to hold above the Point of Control ($735), we could see a push toward the local resistance around $800

From there, I expect an initial bearish bounce, as profit-taking could increase near that zone

A clean and sustainable breakout above $800 would, however, shift the structure back into a bullish continuation, leading to a new ATH

If BRK.A fails to hold the POC and breaks below $735, downside momentum could kick in toward the local support at $655

This area might trigger a short-term bullish reaction, but if that zone fails as well, the next strong demand lies at the HTF support around $540, where I expect renewed buying pressure

It’s also possible that we continue to range between $800 and $655, especially given the current market valuation backdrop. Such consolidation would fit a broader market cooling phase following the overextension signaled by the Buffett Indicator

For trade openings, I’ll continue to wait for sustainable breakouts and confirmations before taking any position, as fake moves around the POC are still possible

As always, I’ll keep you updated if I open a trade or continue to monitor

Updates to come

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Fraud Market

GN