๐จJUST IN: Forward Industries, the largest Solana treasury company, moved 455,784 $SOL worth $31.87M to Coinbase Prime, sparking fears of a possible sale.
The company now sits on ~$1.13B unrealized loss from its 6.81 million SOL holdings.
JUST IN: ๐บ๐ธ๐ฎ๐ท President Trump says US "will not have anything to do with" what happens to the Strait of Hormuz and will withdraw within 2-3 weeks.
A MASSIVE WEEK FOR MARKETS IS HERE
Hereโs whatโs coming -- and why this week could set the tone for Bitcoin, stocks, and rates heading into year-end:
๐ Monday: Powell speaks, QT officially ends, plus PMI + ISM Manufacturing
๐ Tuesday: JOLTS Job Openings (Sep)
๐ Wednesday: More PMI/ISM data + ADP Non-Farm Employment (Nov)
๐ Thursday: Initial Jobless Claims
๐ Friday: PCE Inflation -- the Fedโs favorite gauge
A lot of macro hits in just five days. Volatility is basically scheduled.
๐ซ๐ท BREAKING: FRANCE TO BUY $48 BILLION IN BITCOIN
French lawmakers introduced a bill aiming to purchase approximately 420,000 BTC equivalent to 2% of the total Bitcoin supply for the nation's reserves. This move positions France among the first major economies to consider $BTC as a strategic reserve asset.
The proposed acquisition would amount to around $48 billion, reflecting France's commitment to integrating cryptocurrency into its financial strategy. This initiative is part of a broader trend where countries are exploring Bitcoin as a means to diversify and strengthen their national reserves.
This legislation could set a precedent for other nations considering similar steps toward adopting $BTC in their reserve portfolios. ๐