🚨 JUST IN: Trump-linked stablecoin USD1 has been scrubbed from UAE-linked prediction market ADI PredictStreet’s website, per Bloomberg.
Onchain data showed the platform actually used USDC for its transactions.
STABLECOIN SUPPLY JUST SHRANK THE MOST SINCE JUNE 2022
Total stablecoin supply fell $14.2 billion in the past 30 days, the fastest drop since the 2022 bear market.
Stablecoins are the dollars traders keep on exchanges to buy with, so less supply means less money waiting to buy Bitcoin.
Glassnode says a return to growth would be the first sign of new money.
🚨 BIG: MSCI will delete Strategy from its Global Standard indexes, including the MSCI USA Index, as of the close of Nov. 30, according to its November 2026 Index Review.
Index funds tracking those benchmarks must sell the shares. Strategy is not required to sell any bitcoin.
JUST IN: 🇺🇸🇨🇳 Commerce Secretary Lutnick reportedly stalled President Trump's efforts to restrict Nvidia $NVDA chip exports to China over fears it would start a trade war.
🤖 INTERESTING: AI agents now account for the majority of web traffic, write over half of online articles, and generate most production code, according to a16z.
🇺🇸 LATEST: Texas cities and counties could invest up to $10 million each in Bitcoin under a newly filed House bill.
HB 815, introduced by Rep. Ron Reynolds, would take effect on Sept. 1, 2027, if passed.
Texas already has a state-level Bitcoin reserve.
Azuria Capital's Tavi Costa on Bitcoin's capitulation setup:
"I think Bitcoin looks very undervalued right now."
"A lot of [former] big supporters have completely given up. That's usually the time to be stepping in." 👀
⚡️ NEW: Cointelegraph Research breaks down MATT and OP_CCV; a Bitcoin covenant proposal that would let contracts carry state across transactions.
Part 5 of our Bitcoin covenants series 👇
https://t.co/aVWPn2H4P3
🚨 INSIGHT: Bitcoin has fallen below its short-term holder cost basis of $75,600, with roughly 65% of recently purchased $BTC now underwater, according to Glassnode.
Stablecoin supply has declined by $14.2 billion over 30 days, the fastest contraction since June 2022, while US spot Bitcoin ETFs recorded $1.6 billion in net outflows over 20 sessions.
Despite weakening demand, wallets holding 100 to 10,000 BTC have begun accumulating.
Glassnode identifies $73,000 as a key support level, warning that a sustained break below it could signal a longer consolidation.