Over the last year, crypto markets have seen:
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Yet, $Bitcoin(BTC.CC$ is up 160% this year and just hit $43,000.
This market is incredibly resilient.
1. Collapse of FTX, largest fraud in recent history
2. Collapse of regional banking system
3. $2 trillion bear market, its largest in history
4. Over 500 lawsuits and regulation cases
5. Multiple crypto lender bankruptcies
6. Binance fined a record $4.3 billion by US regulators
7. Increased calls for regulation around the globe
Yet, $Bitcoin(BTC.CC$ is up 160% this year and just hit $43,000.
This market is incredibly resilient.
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Tyler Maltz
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Eli Lilly's Obesity Drug Zepbound Hits U.S. Pharmacies with Significant Market Potential
Details:
$Eli Lilly and Co(LLY.US$ 's new obesity drug Zepbound now available in U.S. pharmacies, priced at $550 a month without insurance coverage.
Zepbound enters a rapidly growing weight-loss drug market, projected to reach $100 billion by decade's end.
Analysts forecast Zepbound sales at about $2 billion in 2024, while Novo Nordisk's Wegovy expected to hit $7.5 billion.
Both Zepbound and Wegovy are GLP-1 agonists,...
$Eli Lilly and Co(LLY.US$ 's new obesity drug Zepbound now available in U.S. pharmacies, priced at $550 a month without insurance coverage.
Zepbound enters a rapidly growing weight-loss drug market, projected to reach $100 billion by decade's end.
Analysts forecast Zepbound sales at about $2 billion in 2024, while Novo Nordisk's Wegovy expected to hit $7.5 billion.
Both Zepbound and Wegovy are GLP-1 agonists,...

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$Bitcoin(BTC.CC$ is now up ~$2,000 in 24 hours and above $41,000 for the first time since April 2022.
This puts Bitcoin +175% higher than it was just over one year ago.
Bitcoin has not had a daily drop of 5% or greater since August 2023.
Upward momentum is by far the strongest we have seen since it hit an all time high in November 2021.
This puts Bitcoin +175% higher than it was just over one year ago.
Bitcoin has not had a daily drop of 5% or greater since August 2023.
Upward momentum is by far the strongest we have seen since it hit an all time high in November 2021.
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If Cathie Wood Is Bullish on Solana, Should You Be Too?
Given the huge price rally for Solana ($Solana(SOL.CC$ ) this year, it's no surprise that investors, traders, and analysts are now rushing to put out fantastic new price predictions for Solana. With Solana up nearly 450% for the year and now trading around the $55 mark, many now suggest that Solana could soon break through the $100 level before regaining its all-time high of $260.
Of course, for that to happen, Solana will need to continue ...
Of course, for that to happen, Solana will need to continue ...
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Why did cryptocurrencies rally in October?
Investors are excited about the potential for bitcoin ETFs in the U.S.
"A spot bitcoin ETF could bring in as much as $50 billion to $100 billion in inflows over the next five years" and "could have an outsize impact on the price of bitcoin," Ryan Rasmussen, analyst at asset manager Bitwise, said Tuesday in an interview with CoinDesk TV.
He said he expects the SEC to green light ETF applications as soon as December, before the holidays. Bitwise is one of ...
"A spot bitcoin ETF could bring in as much as $50 billion to $100 billion in inflows over the next five years" and "could have an outsize impact on the price of bitcoin," Ryan Rasmussen, analyst at asset manager Bitwise, said Tuesday in an interview with CoinDesk TV.
He said he expects the SEC to green light ETF applications as soon as December, before the holidays. Bitwise is one of ...

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U.K. Confirms Plans to Formally Regulate Crypto Industry by 2024
$Bitcoin(BTC.CC$ Key Details:
✅ U.K. government announces intention to introduce formal legislation governing the crypto industry.
✅ Stricter rules proposed for exchanges, custodians, and crypto lending companies.
✅ Andrew Griffith, the U.K. financial services minister, champions the move as positioning the U.K. as a global hub for crypto technology.
✅ The government aims to bring the laws before Parliament by 2024, though sp...
✅ U.K. government announces intention to introduce formal legislation governing the crypto industry.
✅ Stricter rules proposed for exchanges, custodians, and crypto lending companies.
✅ Andrew Griffith, the U.K. financial services minister, champions the move as positioning the U.K. as a global hub for crypto technology.
✅ The government aims to bring the laws before Parliament by 2024, though sp...
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Sam Bankman-Fried testifies lawyers were involved in key FTX decisions
$Bitcoin(BTC.CC$$Ethereum(ETH.CC$$Terra(LUNA.CC$ FTX founder Sam Bankman-Fried testified on Thursday at his fraud trial outside the jury's presence that lawyers at his now-bankrupt cryptocurrency exchange were involved in key decisions at the heart of the case, as he sought to distance himself from responsibility for any wrongdoing.
Bankman-Fried, taking the witness stand hours after the prosecution rested its case pres...
Bankman-Fried, taking the witness stand hours after the prosecution rested its case pres...

5
Tyler Maltz
liked
HSBC upgrades Microsoft to "buy" with $413 price target after strong cost control.
Shares of $Microsoft(MSFT.US$ fell slightly in pre-market trading on Thursday, as tech stocks continued to come under pressure, while HSBC upgraded the tech giant after it reported first-quarter results and guidance that beat expectations. Analyst Stephen Bersey noted that Microsoft's underperformance "is history" as poor Windows, gaming and search businesses have led to growth rates that are about 2 percentage point...

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Tyler Maltz
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The $Bitcoin(BTC.CC$ "god candle" lines up with where dealers got blown out of short positioning ($32k-$33k).
This was a gamma squeeze, not organic.
This was a gamma squeeze, not organic.

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Bitcoin Prices Are Surging as Investors Bet on a Bitcoin ETF
$Bitcoin(BTC.CC$ is surging, and Bitcoin prices rose as high as $35,000 earlier today, causing many crypto-related stocks to rally as well. Despite a small dip, as of 11:40 a.m. Eastern, the crypto was changing hands for $33,485, representing a gain of about 8% on the day. The rally came after investment manager $Blackrock(BLK.US$ listed an application for a Bitcoin ETF on the website of the Depository Trust and Clearing Corporatio...

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