Good Night Legends! 🔥
Before my GN, today’s crypto highlights:
- Jerome Powell steps down as Fed Chair today. Kevin Warsh becomes the first pro-crypto Fed Chair in history tomorrow.
- Bitcoin just dropped below $80,000 after $700 billion was wiped from the US stock market at the open.
- $1,500,000,000,000 has been wiped out from Gold and Silver in the last 24 hours.
- Abu Dhabi sovereign wealth fund Mubadala bought more of BlackRock's Bitcoin ETF. They now own over $565 million of it.
- Bit Digital now holds over 155,000 ETH worth roughly $327 million. The company is moving away from Bitcoin mining and is betting big on Ethereum staking and AI infrastructure.
- Gemini shares jumped 25% after the Winklevoss twins put $100 million in Bitcoin into the exchange.
- Strategy is on track for record Bitcoin buys in 2026. They announced a $1.5 billion convertible notes buyback.