The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500. Author: Sam Reynolds
Asia Morning Briefing: Asia Wakes Up to an AI BTC-Nvidia Tailwind That’s Already Starting to Sputter
Yesterday’s Amazon-driven risk rally is colliding with a sharp wobble in Nvidia, putting the AI-BTC-beta trade that lifted crypto back under scrutiny. Author: Sam Reynolds
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S. Author: Jesse Hamilton
Anchorage Digital Aims to Pay ‘Rewards’ on Ethena’s Tokens Under GENIUS Act
The U.S. stablecoin law prohibits paying interest on stablecoins, but Anchorage aims to offer a template to distribute yield-like rewards to token holders to stay compliant. Author: Krisztian Sandor
Bitcoin Faces Short Squeeze Risk Above $87K as Funding Rates Hint Local Bottom
Derivatives metrics show rising bearish positioning followed by a sharp reduction in open interest, while price recovery hints at early squeeze dynamics. Author: James Van Straten
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