Damus

Recent Notes

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US spot Bitcoin ETFs see largest cycle drawdown: balances drop 100,300 BTC since October to 1.26M. Investors face ~20% unrealized losses. Despite outflows, cumulative net inflows remain strong at $53B.
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Tom Lee sees a market pivot ahead. With crypto drawdowns at 80% of previous winter levels, he identifies crypto, MAG 7, and software as high-probability trades for the next rally.
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Metaplanet CEO defends against critics as Bitcoin paper losses exceed $1.2B. Denies misusing funds, cites transparency with live dashboard & 1,694% operating profit surge. Follows MicroStrategy playbook.
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Solana meme coin PUNCH surges 80,000%+ to a $30M market cap, becoming the top daily gainer. But analysts flag potential "coordinated insider control" and "red flags," urging caution.
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Pardoned CZ networks at Mar-a-Lago as Binance now controls ~87% of Trump-linked USD1 stablecoin supply. His return marks a dramatic shift from prison to elite crypto-political circles.
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Pardoned CZ networks at Mar-a-Lago as Binance now controls ~87% of Trump-linked USD1 stablecoin supply. His return marks a dramatic shift from prison to elite crypto-political circles.
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Bitcoin hashrate makes a V-shaped recovery after weather-driven disruptions, now back above 1 ZH/s. Historically, price follows hashrate, but a breakout above $71.7k is needed for confirmation.
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$2.5B in crypto options expire today. While calls dominate, a massive $490M bet on the $40,000 BTC put stands out, signaling lingering deep crash fears despite upside positioning.
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Institutions are buying crypto infrastructure (tokenization, custody, settlement), not speculative tokens. They prioritize Bitcoin, Ethereum, & real-world assets with revenue models, not P/E-less altcoins.
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YZi Labs (Binance Labs) accuses 10X Capital of failing to disclose a >5% stake in BNB treasury firm BNC. The public dispute raises governance tensions as the board seeks to amend its asset deal with 10X.
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Fed minutes show a hawkish surprise: officials discussed potential rate hikes. Bitcoin dropped below $66.5k as markets reacted. This sets up a policy clash with incoming dovish Chair Kevin Warsh.
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Fed minutes reveal a hawkish surprise: officials discussed potential rate hikes, setting up a policy clash with incoming dovish Chair Kevin Warsh. Bitcoin dipped below $66.5k as Asian liquidity returned.