Daniel Phillips

Writer @CoinMarketCap | Exploring crypto beyond the headlines and hype

[CoinMarketCap @CoinMarketCap]

LATEST: 📊 Bitcoin perpetual futures open interest has seen its largest weekly growth since April 2023 as funding rates climb, creating what K33 Research is calling a risky setup that mirrors past periods before further price declines.

[CoinMarketCap @CoinMarketCap]

LATEST: ⚡ Ondo has received EU regulatory approval to offer tokenized stocks and ETFs across 30 European countries, tapping into a potential 500 million investors with regulated access to US markets directly onchain.

[CoinMarketCap @CoinMarketCap]

LATEST: 🐳 The number of Bitcoin whales has grown by 2.2% in three weeks to its highest number in four months, while small-scale retail BTC investors have fallen to a yearly low, according to Glassnode.

[CoinMarketCap @CoinMarketCap]

LATEST: 💰 Bitfury has announced it is pivoting to an investment firm and launching a $1 billion fund for ethical AI and decentralized systems, declaring its mission is to close the gap between innovation and ethics.

[CoinMarketCap @CoinMarketCap]

LATEST: ⚡ Bitcoin mining hardware manufacturer Canaan reported a 104% year-over-year increase in Q3 revenues, driven by large volumes of orders, with the company's shares surging nearly 21% on Tuesday in response.

[CoinMarketCap @CoinMarketCap]

Can't shakeout these diamond hands 💎

[CoinMarketCap @CoinMarketCap]

LATEST: 📊 BlackRock's iShares Bitcoin Trust saw its largest daily net outflow since its January 2024 debut on Tuesday as $523 million left the ETF, surpassing the previous record of $463 million on Nov. 14.

[CoinMarketCap @CoinMarketCap]

What is "Crypto" to you?

[CoinMarketCap @CoinMarketCap]

LATEST: 📊 Arthur Hayes says Bitcoin's latest price decline is due to reduced dollar liquidity rather than waning government support or a change in institutional interest, calling BTC the "free-market weathervane of global fiat liquidity."

[CoinMarketCap @CoinMarketCap]

MSTR is currently trading at ~1x mNAV, delivering BTC exposure with essentially no premium.

It now holds 649,870 BTC, accounting for 60.89% of all BTC owned by public companies.

[CoinMarketCap @CoinMarketCap]

LATEST: ⚡ Michael Saylor dismissed concerns that institutional involvement hurts Bitcoin price stability during a Fox Business interview, saying data shows BTC's annualized volatility has actually dropped from 80% in 2020 to 50% today.

[CoinMarketCap @CoinMarketCap]

CMC Fear and Greed Index has never lasted more than 3 days in Extreme Fear… until now.

We’re currently on day five.

[CoinMarketCap @CoinMarketCap]

🔎 CMC Feature Highlight | Real-World Assets

The line between crypto and traditional markets is gone. Gold, treasuries, and equities now live on-chain—traded, collateralized, and composable inside DeFi.

See what’s tokenized: https://t.co/klhXS0HGIx

[CoinMarketCap @CoinMarketCap]

LATEST: 🏦 The US Treasury's Office of the Comptroller of the Currency has authorized national banks to hold cryptocurrency on their balance sheets specifically for paying blockchain network fees, with Ethereum cited as an example.

[CoinMarketCap @CoinMarketCap]

How it feels rn:

[CoinMarketCap @CoinMarketCap]

🚀 Week in Solana: Spot ETFs Cook, SOL Sinks to 5-Month Low

SOL dropped 16% to $138, hitting a 5-month low! Selling pressure mounts from Alameda unlocking $30M SOL tokens! Despite this, Solana spot ETFs cook! Solana derivatives hit a new ATH in October!

Here's this week's breakdown 🧵

1/6

[CoinMarketCap @CoinMarketCap]

🎯 Performance Highlights:

🔹 The Official 67 Coin (67): +954.52%
🔹 Surge (SURGE): +47.92%
🔹 Zera (ZERA): +46.81%
🔹 Alchemist (ALCH): +25.13%
🔹 Meteora (MET): +13.05%

5/6

[CoinMarketCap @CoinMarketCap]

💡 What You Can Do Now:

🔹 Refine trading systems to align with volatility.
🔹 Monitor SOL spot ETF flows and smart money moves.
🔹 Track macro signals alongside ecosystem updates for early trends.

Stay informed, stay ahead 🌅
https://t.co/J8hLHtk0Kc

6/6

[CoinMarketCap @CoinMarketCap]

Opening the charts...🔻