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📅 November 13 · Five AI giants ordered to stop in their tracks
🚨 Today, four U.S. nonprofits filed a class-action lawsuit in San Francisco Superior Court against OpenAI, Google, Anthropic, Meta, and SpaceX’s AI division. Their core demand isn’t money; they’re asking the court to issue an injunction directly halting further development and deployment of these companies’ frontier AI models. The most hard-hitting move in the complaint is using the companies’ own executives’ public warnings as evidence: You’ve all said that super-advanced AI poses civilization-level risks, so why are you still c

📅 November 13 · Hashrate crashes 25%; difficulty set for its biggest drop since June
🚨 Bitcoin’s network hashrate fell from 1,095 EH/s on October 26 to 826 EH/s on November 9, shedding 25% in two weeks. Today’s difficulty adjustment is expected to bring another 6.4% to 7.8% decline, the biggest drop since June. Difficulty currently stands at 148.36T and has remained below its peak for 374 consecutive days, the longest stretch on record.
My take: A sharp hashrate drop is usually interpreted as miner capitulation, but since this one coincides with a price decline, it looks more like miners are

📅 November 13 · $550 billion wiped out, and the real buyers still haven't shown up
🚨 BTC fell to 71,317, ETH dropped below 2,000, and the entire market has lost $550 billion in market cap since October. Liquidations totaled $727 million over 24 hours, with the vast majority being long positions—91.1% of Bitcoin liquidations and 87.7% of Ethereum liquidations were longs. U.S. Bitcoin ETFs saw $2 billion in outflows over three weeks, and stablecoin supply fell by $14.2 billion in 30 days, its biggest drop since June 2022.
My take: liquidation data is just the result. The real problem is that s

📅 November 13 · The market is still betting on 25 bps, but Waller has put 50 bps on the table
🚨 Fed Governor Waller stated clearly on November 10: If core CPI for October comes in at 0.3% or higher, the Fed should consider a 50-basis-point rate hike at its December meeting, rather than 25. October core CPI landed right at 0.3%, with no decline for three consecutive months. The market currently prices in about an 85% probability of a December rate hike, but that figure corresponds to 25 bps. The probability of a 50-bp hike was only 15% at one point. Meanwhile, the U.S. 10-year Treasury yield

📅 November 12 · Bankrupt FTX unstaked 204,000 SOL
🚨 Onchain Lens detected a transaction signed by a BitGo custody account that unstaked 204,044 SOL, worth approximately $16.89 million, and transferred it directly to an FTX/Alameda-linked wallet.
That same day, SOL long liquidations had just been pushed to 91% of the total, and its price action was already among the ugliest in the sell-off. Now there’s another layer of spot supply overhead that could leave the wallet at any moment.
Unstaking doesn’t mean selling, but assets liquidated in bankruptcy ultimately have to be turned into cash to re

📅 November 12 · 81,000 addresses, wiped out overnight
🚨 Indian veteran exchange Unocoin reported on November 9 that its servers had been accessed without authorization and disabled user logins. Today, Arkham data showed that the holdings of all 81,000 addresses it tracks were at zero, while the website returned a 504 error. On-chain investigators are still tracing where the funds went; the method of the attack has yet to be confirmed.
My take: If 81,000 addresses all hit zero at once, either the data was wiped or the assets were moved. Either way, all users can do is stare at their screens a

📅 November 12 · The NYSE puts its settlement layer on Avalanche
🚨 The NYSE has officially selected Avalanche as the settlement layer for its tokenized securities platform, supporting 24/7 trading, clearing, and settlement of tokenized U.S. stocks and ETFs. AVAX surged to $8.60, hitting an intraday high of $8.99, with 24-hour trading volume of $537 million, up 448% from the previous day.
My take: This isn’t just another “partnership announcement.” By entrusting settlement to a public blockchain, the NYSE is endorsing “onchain financial infrastructure” in the most traditional way. AVAX’s surge

📅 Nov 12 · $14.2 billion vanished into thin air, and shorts helped fuel the rebound
🚨 Glassnode data: Total stablecoin supply fell by $14.2 billion over 30 days, its biggest drop since June 2022, bringing the total below $280 billion. Over the same period, U.S. spot Bitcoin ETFs saw net outflows of $1.6 billion over 20 trading days, while the Coinbase premium briefly fell to its steepest discount since February. BTC is currently around $74,000, after briefly dipping to $73,000 in the past 24 hours. The Fear Index is at 28. Short-term holders have an average cost basis of $75,600, and with th

📅 November 12 · Nvidia doesn’t want Jensen Huang anymore; the foundation of the AI narrative is shaking
🚨 Nvidia’s board is preparing to oust Jensen Huang, with a meeting as early as today to consider appointing an interim CEO before looking for a successor. The stock fell more than 10% at one point after hours. Baird downgraded it to Neutral and cut its price target from $500 to $200, while Morgan Stanley removed it from its list of top picks. The chair of the U.S. House China Committee piled on: if Huang doesn’t attend a closed-door briefing, Congress is prepared to subpoena him.
My take:

📅 November 12 · Nvidia hires Wachtell to investigate its own CEO
🚨 Nvidia’s board has formally hired former federal prosecutor Joon Kim and the law firm Wachtell Lipton to conduct an independent investigation into matters involving Jensen Huang. The stock lost about $430 billion in value over two days, and Morgan Stanley removed it from its list of top picks. The investigation has yet to reach a conclusion, but the market has already started pricing in “governance risk.”
My take: This isn’t a rumor—it’s a crack in the pillar underpinning the AI narrative. Every computing-power story told by

📅 November 12 · $810 million, 3 a.m., transferred in one transaction
🚨 At 03:10 on November 12, a transfer of 10,930 BTC, worth approximately $810 million, appeared on the Bitcoin blockchain. The sender starts with 1Pzaqw98, and the recipient starts with bc1qhp7n. Neither is labeled as an exchange—it was purely a wallet-to-wallet transfer.
BTC is currently around $74,000, ETFs have seen consecutive net outflows, and the Fear Index remains low. Holdings of this size weren’t sent to a custodian or an exchange. The transfer took place during the thinnest liquidity window of the day, from one an

📅 November 12 · He shorted a coin that was falling—and still lost $2.8 million
🚨 ZEC fell below $1,000, down 3.7% over 24 hours. Shorts should have been making money. But one address opened a 10x leveraged short on 18,000 ZEC, with a notional value of $17.63 million, and is now sitting on an unrealized loss of more than $2.8 million. Its liquidation price is $895.46, less than 10% away from ZEC’s current price. In the same Coinglass data, short liquidations accounted for 84% of BTC liquidations and 70% of ETH liquidations. Across the market, $97.02 million in short positions were liquidated—

📅 November 12 · Shorts got carried out, with 70% of liquidations coming from short sellers
🚨 Over the past 24 hours, liquidations across the market totaled $139.7 million, with $97.02 million in short positions wiped out—nearly 70% of the total. Bitcoin short liquidations totaled $41.82 million, accounting for 84% of its total; Ethereum short liquidations accounted for 70%. BTC is back at 74,314, and ETH is above 2,075. Prices haven’t risen much, but short sellers are already gone.
My take: This rally wasn’t driven by spot buying; it was a short squeeze caused by crowded short positions. Lon

📅 November 11 · Hacker who stole $26 million buys $3.4 million in ETH
🚨 Lookonchain reports that the hacker behind the TLBL theft bought 1,650 ETH with 3.4 million DAI over the past hour. Three months ago, he stole over $26 million from TLBL. He didn’t rush to launder it—instead, he first converted the stolen funds into ETH.
My take: The hacker chose ETH over stablecoins in a panic. Those who steal money know better than anyone that cashing out at this level might be the real loss. For reference only.
The hacker is buying the dip with stolen funds, while retail investors are panic-selling. W