MR ICE ☠︎ (opinion arc)

CDN MORNING NUGGET | EDITION 39 Good morning, and happy wednesday to y’all. US inflation came in hotter than expected on tuesday, putting more pressure on markets. Bitcoin fell below its 200-day moving average, stocks dropped, and markets now fully expect a december Fed rate hike. Crypto Market Prices as of around 8:15 AM WAT: $BTC around $73.4k $ETH around $2.06k $SOL around $82.4 $XRP around $1.06 Bitcoin breaks below $73.5k October CPI rose 0.4%, above the 0.3% forecast. Core inflation also came in at 0.3%, against expectations of 0.2%. Bitcoin dropped to an 11-week low near $73,400 and briefly fell below $73k, losing its 200-day moving average. Around $700 million in positions were liquidated, with longs accounting for 82%. Fed rate hike expectations rise Markets are now fully pricing in a December rate hike. Fed Governor Christopher Waller has backed a rate increase and said a 0.5% hike could be considered if inflation worsens. ETF outflows continue Bitcoin ETFs lost $201 million on Monday, while Ethereum ETFs saw another $184.6 million in outflows. BlackRock's IBIT led Bitcoin ETF withdrawals with $213.2 million, its seventh straight day of outflows. Stablecoin supply shrinks USDT's market cap has reportedly fallen by $6.6 billion in 60 days. Lower stablecoin supply and weak spot trading could leave less buying support in the market. Web3 & Policy Nigeria tightens crypto rules The CBN has introduced new capital and licensing rules for virtual asset providers. Foreign-currency stablecoin issuers must hold ₦15 billion in paid-up capital and $10 million in operational liquidity. Naira-backed issuers face a ₦10 billion requirement, while other providers need ₦1 billion. Existing operators have 30 days to register and 180 days to apply for full licences. P2P platforms must also be licensed, with trades linked to BVN-verified bank accounts. Stablecoin issuers cannot pay interest or yield. Nigeria targets crypto tax revenue Nigeria could collect around $75 million in crypto stamp duty in 2027. Exchanges will also be required to submit daily trade reports. West Africa considers bond market reforms Nigeria has proposed changes to make bond trading easier across West Africa and improve funding for regional infrastructure. Economy US stocks fall Following the hot inflation report, the S&P 500 fell 0.94%, the Nasdaq dropped 1.51%, and the Dow lost 0.61%. The 10-year Treasury yield also moved above 5%. October annual CPI figure unavailable The US did not publish an annual CPI figure for October because last year's government shutdown left no matching data for comparison. September's annual inflation rate was 3.7%. What to Watch Today ➛ BTC around the $73k level ➛ Bitcoin's 200-day moving average ➛ Bitcoin and Ethereum ETF flows ➛ Fed rate expectations ➛ Details of Nigeria's new crypto rules ➛ US stocks and bond yields What to Watch Tomorrow ➛ Bitcoin's next support levels ➛ Fresh ETF flow data ➛ Further reactions to US inflation ➛ New Fed signals ➛ CBN guidance on crypto licensing ➛ West Africa's capital market plans The Setup Hot inflation has added pressure to an already weak market. Bitcoin has lost another key level, ETF outflows continue, and rate hike expectations are rising. Watch the $73k level, ETF flows and Fed signals. Stay patient and manage risk. Stay informed. Stay ahead.

CDN MORNING NUGGET | EDITION 38 Good morning, and happy Tuesday to y’all. Bitcoin remains below $75k, even as stocks bounced back on Monday. While Wall Street is recovering, crypto is still facing weak ETF demand and heavy selling. Crypto Market Market prices as of around 9:16 AM WAT: $BTC around $74.7k $ETH around $2.12k $SOL around $86 $XRP around $1.09 Bitcoin loses a key level Bitcoin dropped below its 50-week moving average near $75,488 for the first time since September. Over 170,000 traders were liquidated in 24 hours, with long liquidations topping $1 billion. The next key test is whether BTC can reclaim that level. Crypto misses the stock market rebound The Nasdaq gained nearly 3% on Monday, but major crypto ETFs ended lower. IBIT fell 1.31%, FBTC dropped 1.34%, and ETHA lost 4.51%. Bitcoin also found buyers below $74k for the second session in a row. Altcoins remain weak Cardano whales have reportedly sold around 50 million ADA since November 4. ADA is trading near $0.175 and remains below its major moving averages after five straight weekly losses. Web3 & Policy Charles Schwab expands crypto access Charles Schwab has opened crypto trading beyond Bitcoin and Ethereum, giving customers access to more digital assets. Ethereum delays Hoodi upgrade Ethereum has postponed its Hoodi testnet upgrade due to gas-related concerns. Developers need to address the issue before moving ahead. Quantum risks enter Bitcoin discussions A Bitcoin developer has proposed “quantum landmines”, a way to trap future quantum-powered attackers who try to steal coins. The idea adds to the growing discussion around quantum risks to crypto security. Binance CFO exits Binance's CFO has left after five years to pursue opportunities in AI and tokenisation. The exchange has also restored HYPE and APT withdrawals following reports of large reserve outflows. Economy US inflation report takes the spotlight Tuesday's US inflation report is the main event this week. After Friday's stronger-than-expected jobs report, markets are pricing in about an 80% chance of a December Fed rate hike. Oil extends its decline WTI fell 4.38% to $86.85, while Brent dropped 5.85% to $92.57 on Monday. Easing tensions helped lift market sentiment. China's inflation sends mixed signals China's consumer inflation slowed to 0.7% in October, while producer prices rose 5.7%, above expectations. Naira weakens slightly The naira closed Monday at ₦1,349.34 per dollar at the official market, down from ₦1,346.80 on Friday. It also weakened to around ₦1,425 on the parallel market. External reserves stood at about $55.06 billion as of November 6. Naira remains stronger year on year Despite the recent decline, the naira has gained around 6.26% against the dollar over the past year. Analysts expect it to stay below ₦1,400 per dollar through the festive season, supported by diaspora inflows and CBN support. What to Watch Today ➛ US consumer inflation report ➛ Whether BTC can reclaim $75k ➛ Bitcoin and Ethereum ETF flows ➛ Further liquidations and altcoin weakness ➛ Oil price movements ➛ Naira and external reserves What to Watch Tomorrow ➛ Market reaction to US inflation data ➛ BTC's position around its 50-week moving average ➛ Institutional demand for crypto ➛ Fed rate expectations ➛ Updates on Ethereum's Hoodi upgrade ➛ China's economy and oil prices The Setup Stocks bounced, but crypto stayed weak. Bitcoin is still below a key level, ETF demand remains weak, and liquidations are adding to the pressure. The inflation report could shape the next move. Until then, watch the flows and stay patient. Stay informed. Stay ahead.