Daily Market Wrap | Nov. 04

Hot Topics

  • Bitcoin falls from $112K to below $106K, sparking $1.27 billion liquidations (90% longs), led by Hyperliquid and HTX, amid thin liquidity and Fed rate anticipation.
  • BitMine Immersion Technologies acquires 82,353 ETH for $294M, boosting holdings to 3.4M ETH (2.8% of supply).
  • Strategy launches euro-denominated Stream (STRE) perpetual preferred stock at 100 euros/share with 10% annual dividend for EEA investors, using proceeds for bitcoin buys post-Q3 earnings.

Market Updates

  • Ripple acquires Palisade to integrate fast wallet tech into Ripple Custody, enhancing institutional crypto payments and custody for fintechs and corporates.
  • DeFi platform Stream Finance suffers $93M loss, halts deposits/withdrawals, and launches Perkins Coie-led probe amid $280M+ loan risks.