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Joined May 2010
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๐Ÿ“บ Graph Office Hours #283 is up โœ… REO Step 4 from Nov 17: work scales with stake โœ… Base is next for Studio to Network โœ… Elysium on Substreams โœ… Multi-Gateway Subgraph Service next steps โž• Many more updates from The Graph ecosystem Forum Recap: forum.thegraph.com/t/graph-oโ€ฆ YouTube: youtu.be/G27HIxbsW30
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BTC.D โ†’ 61%, back at the top of the box and above its moving average alt season thesis needs this to roll over past alt seasons started when dominance broke down hard, 2018 and 2021 target on breakdown โ†’ 35% monthly close above the box โ†’ thesis invalidated
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$BTC IS REVERSING ๐Ÿคฏ
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๐Ÿšจ $14.2 BILLION OF STABLECOINS JUST LEFT CRYPTO IN 30 DAYS ๐Ÿ’€ That's the biggest drop since the 2022 bear market. $USDT and USDC alone shed ~$11B โš ๏ธ Total supply now sits just under $280B while Bitcoin hovers near $74K ๐Ÿ‘€ Cash leaving or bottom forming? ๐Ÿค”
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This is UNPRECEDENTED. Bitcoin is gearing up for a HUGE move upwards judging by the rainbow chart. Time to pay attention.
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Now the US10Y is pumping. The markets are gearing up for a WILD movement. I hope you are positioned correctly.
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Russell 2000 wants to go higher. And whenever Russell 2000 rallies, crypto goes parabolic.
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Sentiment is extremely low. People are giving up. This is INCREDIBLY bullish for crypto.
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A healthy correction. The bull run will resume.
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๐Ÿšจ TOM LEE'S BITMINE JUST POSTED A $6.3 BILLION LOSS IN ONE YEAR ๐Ÿ’€ A year ago it made a $348.6M profit. Now ~$6.2B in paper losses on Ether after a 44% slide โš ๏ธ It holds 6.07M $ETH, nearly 5% of all supply, and keeps buying ๐Ÿ‘€ Diamond hands or bag pain? ๐Ÿค”
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๐Ÿšจ WALL STREET NOW PRICES ZERO CHANCE THE FED HOLDS IN DECEMBER ๐Ÿ’€ Odds of a rate hike sit near 100%, with ~11% on a supersized 0.50% move โš ๏ธ Even dove Christopher Waller floated 50bps, and $BTC is stuck near $73.5K at a 12-week low ๐Ÿ‘€ Priced in or more pain? ๐Ÿค”
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๐Ÿšจ 7.12 MILLION BITCOIN NOW SIT WITH PUBLIC KEYS EXPOSED. THAT'S 35% OF ALL $BTC ๐Ÿ’€ Up from 24.8% in 2021, mostly from reused addresses and exchange wallets โš ๏ธ No quantum computer can crack them today. Moving to a fresh address fixes reuse ๐Ÿ‘€ Still reusing addresses? ๐Ÿค”
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๐Ÿšจ YOU CAN NOW BUY ANY SOLANA MEMECOIN STRAIGHT FROM A CASHTAG ON X ๐Ÿ‘€๐Ÿ”ฅ Tap the ticker, hit "Trade on fomo", done. Every $SOL token, scams and copycats included โš ๏ธ ~90% of 829K fomo wallets ended down after fees ๐Ÿ’€ Easy money or easy exit liquidity? ๐Ÿค”
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๐Ÿšจ A BRAND-NEW ACCOUNT FAKED ITS BALANCE AND WALKED OUT WITH $2.23M ๐Ÿ’€ A bug on Arcus, a DEX on Robinhood's own chain, let it inflate its balance and withdraw USDG it never had โš ๏ธ A rate limit stopped $3M more. Arcus covered the hole. $HOOD Genius or criminal? ๐Ÿ‘€
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๐Ÿšจ SAYLOR'S STRATEGY FINDS OUT TODAY IF IT GETS KICKED OUT OF MSCI'S INDEXES โš ๏ธ A removal could force index funds to dump up to ~$2.8B of MSTR stock by Nov 30 ๐Ÿ’€ It holds 850,364 $BTC, now worth less than it paid ๐Ÿ‘€ Kicked or safe? ๐Ÿค”
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๐Ÿšจ GERMANY'S BIGGEST BANK IS NOW HOLDING BITCOIN FOR ITS CLIENTS ๐Ÿฆ๐Ÿ”ฅ Deutsche Bank's crypto custody just went live in Europe for funds, hedge funds and corporates. It covers $BTC, Ether and 3 stablecoins, and the bank holds the keys ๐Ÿ‘€ Smart money or late to the party? ๐Ÿค”
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๐Ÿšจ TELEGRAM'S FOUNDER SAYS GRAM BELONGS IN CRYPTO'S TOP 3 ๐Ÿ”ฅ Pavel Durov called it "ridiculously undervalued" as $GRAM ripped ~9% to $1.19 while Bitcoin and Ethereum bled ๐Ÿ“ˆ It sits at ~$3.4B market cap, rank #29 ๐Ÿ‘€ Top 3 or pure cope? ๐Ÿค”
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๐Ÿšจ XRP'S CO-CREATOR JUST ADMITTED HE WENT FROM ~26M XRP TO ~3M ๐Ÿ’€ David Schwartz says he's also down from ~1,500 BTC to 1 BTC and ~40K ETH to 6 ETH โš ๏ธ His reason: he sells at every new ATH and really hates risk, while $XRP sits near $1.06 ๐Ÿ‘€ Honest or red flag? ๐Ÿค”
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๐Ÿšจ 4 MILLION US SHOPS CAN NOW TAKE BITCOIN AT THE REGISTER โšก๐Ÿ”ฅ Jack Dorsey's Square finished switching on Lightning payments for eligible US sellers ๐Ÿ“ˆ Zero fees through 2026, and shops can keep up to 50% of daily sales in $BTC ๐Ÿ‘€ Would you spend your sats? ๐Ÿค”
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๐Ÿšจ A CRYPTO BRIDGE'S WEBSITE JUST GOT HIJACKED. ~$294K DRAINED ๐Ÿ’€ Hackers social-engineered Namecheap and turned Across Protocol's domain into a wallet-draining phish โš ๏ธ Contracts untouched, and $ACX team says victims get repaid ๐Ÿ‘€ Still trusting bookmarked dApps? ๐Ÿค”
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