Title: Soooo… Another “Totally Normal” -29% Bitcoin Dip. Everyone Doing Okay?Well folks, it finally happened. Bitcoin decided it was tired of pretending to be stable and yeeted itself under not one but two price floors this week. First it slipped under $91k for the first time since April, then dipped below $90k for the first time in seven months. Congrats to everyone who said “there’s no way we see sub-90k again.” Your certificates are in the mail.We’re now looking at a neat little ~29% drawdown from the October 6 ATH. Love that for us.Altcoins? Also Dying, But In Their Own Unique WaysETH chilling at $2,990 like it’s trying to convince itself everything is fine.XRP holding $2.15 while doing the crypto-equivalent of deep breathing exercises.BNB hovering around $899, clearly evaluating its life choices.TRX, DOGE, ADA — all red. No surprises, only pain.Liquidations: The Market Wanted Blood, and It Got $5B WorthLeverage bros got sent to the shadow realm this week with over $5B liquidated. Roughly $1.2 trillion in total market cap evaporated in the last 42 days. It’s like someone hit Ctrl+Z on the entire market, except the undo button doesn’t work.“Bitcoin Has Survived Worse” — Yes, But My Heart Hasn’tThe Kobeissi Letter reminds us that since 2017, Bitcoin has seen:• 10+ drops of 25%• 6 crashes of 50%• 3 absolute meltdowns of 75%Basically, volatility is the only guaranteed utility Bitcoin offers. But hey, historically it does recover… eventually.Winklevoss Says This Might Be the “Last Chance Below $90k”Which either means this really is the bottom… or we’re about to see $89,999, $88k, and emotional breakdowns across the community. Hard to tell.Outlook: Bullish Hopium vs Macro DoomCoinbase and Glassnode think BTC could run above $130k in the coming months.Inflation and central banks think: “lol no.”But ETF demand, long-term holders, and institutions are still showing up like responsible adults at a college party, so there’s that. Anyway, how’s everyone’s portfolio looking? Personally, I’m just sitting here watching my bags shrink and telling myself it’s all part of the “market cycle.”

 Well, fellow degenerates, looks like the adults in the room (aka ETF investors) spent Nov. 13 doing what they do best: panic-flipping the sell button like it’s a new memecoin presale.Spot BTC ETFs clocked $866.7M in net outflows, the second-worst day since launch. Grayscale’s Mini Trust alone unplugged about $318M, BlackRock tossed $257M, and the rest of the TradFi squad chipped in just to make it a party. And Bitcoin? Naturally, it dipped below six figures again because why wouldn’t it. Slipped under $100k on the 13th, then face-planted all the way to $94,890 the next day—its first time in the $94k zone since early May. Ah yes, the sweet smell of nostalgia. Apparently this is all part of a lovely three-week, $2.6B de-risking wave, because markets decided the U.S. government finally un-shutting itself means the Fed won’t cut rates in December. So folks are rotating into cash, bonds, gold—basically anything that doesn’t move 5% during your morning coffee. Also, remember those super chill piles of leveraged longs stacked up after BTC hit ~$126k in October? Yeah, those got wiped. Around $190M in BTC longs evaporated, over $300M across crypto, and ETFs got dragged into the waterfall when institutional risk alarms started screaming. Meanwhile, the first XRP spot ETF launched the same day and somehow pulled $250M in inflows. So yes, we’re in the timeline where people are dumping BTC to rotate into XRP. Solana got some love too. ETH? Also bleeding. Before anyone starts screaming “ETF system broken” like it’s 2021 again: structurally, everything worked fine. Redemptions cleared, liquidity held, no fires. BTC ETF AUM still sits above $80B, and the $2.6B outflow is ~3% of holdings—basically a macro-driven shrug. But now BTC’s chilling around $94k, a clean 25% drawdown from the highs, sitting right on a support zone that decides whether we get: a classic capitulation bottom, or multi-week boredom consolidation where we all stare at a line going sideways. In summary:ETFs dumping.Bitcoin sliding.XRP ETF pumping.Macro vibes cursed.But hey, at least the ETFs didn’t break. Just our spirits.

 Well, folks, another day in crypto where all the numbers go up and down at the same time, and somehow we’re supposed to know what that means.According to CryptoSlam, NFT buyers shot up a casual 989% to 222k, sellers jumped 714% to 189k… and yet total transactions fell 21%. So apparently everyone showed up, looked around, and said “nah.”Meanwhile Bitcoin decided $96k was too luxurious and slid right down, dragging the whole market cap from $3.48T to $3.26T. Ethereum also slipped under $3,200, doing its best impression of someone missing a stair.But the real circus is in the collections:Algebra Positions NFT-V2 exploded into first with a microscopic 807,352% surge. Totally normal. Nothing to see here. Just $7.8M in sales from 742 transactions.DMarket fell slightly to $6.67M, doing its best to pretend it’s still stable.Pudgy Penguins faceplanted 36% to $2.79M. Cute penguin, not a cute chart.Guild of Guardians and Courtyard are both down.Panini America randomly 4x’d like it found pre-workout in the kitchen.CryptoPunks did $1.95M on 17 transactions, because apparently Punk holders only sell during lunar eclipses.As for blockchains:Ethereum still king at $33.7M (+4.68%), with a spicy $2.67M in wash trading just to keep things interesting.BNB Chain up 28%, taking second place like it trained for this.Bitcoin NFTs down 15.5%, probably because everyone is too busy panic-refreshing BTC charts.Polygon down 28% but still doing $6.6M in wash trading because… reasons.Anyway, NFT sales overall dropped 5.4% to $79M while the entire market looks like it’s been left in the sun too long. Buyers are piling in, sellers are piling in, prices are dropping, and volume’s dipping. Classic. So yeah, everything’s totally normal in crypto.

 Here’s a Reddit-style post with a slightly sarcastic crypto-trader tone: Title: We Built All These Fancy Crypto Yield Pipes… and Institutions Are Still Stuck at the Faucet So apparently crypto has spent the last few years building every yield widget imaginable—staking on ETH/SOL, yield-bearing stables, DeFi lending, tokenized Treasuries—you name it. The pipes are all there, humming along, spitting out APYs. And yet only 8–11% of the entire crypto market is actually generating yield. Meanwhile, TradFi (you know, those guys still sending faxes somewhere) has 55–65% of its assets earning yield. Not because they have better products, but because they have… wait for it… disclosures. Risk ratings. Stress tests. Prospectuses. All the fun bedtime reading. RedStone drops the numbers: ~$300B–$400B in yield-bearing crypto assets versus a $3.55T market cap. And that’s before you subtract all the double-counted ETH that gets staked, wrapped, deposited, rehypothecated, and yeeted across six protocols before ending up as “TVL.” The big takeaway: crypto doesn’t have a product issue; it has a “please tell me what I’m actually risking” issue. Regulation Helped… Kind Of The GENIUS Act finally gave stablecoins a grown-up framework—full reserves, BSA oversight, no more regulatory purgatory. Boom: yield-bearing stablecoins grew ~300% YoY. But does the Act force anyone to disclose meaningful risk metrics? Of course not. It just solves the “are we allowed to exist?” question, which is apparently enough to get institutions to move from “nope” to “okay, now show me the actual risk, please.” Crypto vs TradFi Risk: Not Even the Same Sport TradFi has risk buckets, ratings, standardized disclosures. Crypto has: APY leaderboards TVL dashboards Vibes A 5% yield on staked ETH ≠ a 5% yield on a stablecoin backed by T-bills. One has slashing, liquidity freeze risk, smart contract exposure; the other has interest-rate risk and maybe issuer shenanigans. But there’s no universal way to compare that. No risk score. No standardized collateral map. And nobody’s labeling the oracle dependencies like: “This entire pool implodes if two guys running servers in their garage go offline.” The Transparency Gap RedStone nailed it: “The barrier to institutional adoption at scale is risk transparency.” Right now: No consistent risk scoring across products Asset quality disclosures are inconsistent or incomplete Rehypothecation is a choose-your-own-adventure Oracles/validators are black boxes Double-counting makes everything look bigger than it is Everything is “on-chain,” but turning that firehose into something a treasury desk can model? Not happening yet. Closing the Gap: No New Toys Needed We don’t need new DeFi Ponzinomics 3.0. We already have: Staked blue-chip assets Yield-bearing stablecoins Tokenized Treasuries The next phase is boring but necessary: standardized disclosures, credible third-party audits, consistent treatment of leverage and rehypothecation. TradFi isn’t winning because it’s safer—it’s winning because its risks are measurable. Crypto’s yield penetration (8–11%) doesn’t mean yield is scarce. It means the risk behind those yields is illegible to anyone managing actual institutional money. Until crypto can answer the most TradFi question in existence—“What am I risking for this yield?”—the big money stays sidelined, and the APYs keep getting farmed mostly by us degenerates who read smart contract audits at 2 a.m. and call that “due diligence.”

Forkast yeets Ronin, speedruns to Arbitrum. CGX holders left holding… well, nothing So Forkast — the gaming/sports/crypto prediction market that popped up on Ronin back in Feb ’25 — just announced they’re migrating to Arbitrum. And honestly, can you blame them? If you’re running prediction markets where every millisecond matters, maybe don’t live on a chain where block times feel like dial-up. Arbitrum Gaming Ventures is tossing them a strategic lifeline too, which probably didn’t hurt the decision. The whole pivot is being framed as a “push into the wider streaming ecosystem,” which is code for: streamers are about to turn your degeneracy into a revenue stream. Apparently Arbitrum’s 250 ms block speed means streamers can spin up USDC prediction markets in real time. Imagine watching a streamer whiff a headshot and instantly betting on whether they’ll rage-quit the match. Peak internet. Forkast says the move unlocks more liquidity — not just from retail gamblers like us, but also from bigger players (MMs, hedge funds, and other alphabet-fund entities who live for yield). They’re rolling out a daily incentive program too, so expect a wave of “I made $17 today farming Forkast” threads any second now. Their CEO basically said: prediction markets are only as good as their speed and liquidity, and Arbitrum has both. Real-time markets across everything from the World Cup to “what’s BTC’s price tomorrow” — sounds fun until you lose three days of sleep because you couldn’t stop betting on streamer fail comps. AGV’s venture folks are hyping Forkast as the next-gen way to turn “passive viewing into active participation,” which is a polite way of saying: we’re about to monetize your attention span until it squeals. Oh, and in classic “bear market vibes,” Forkast is nuking its CGX token. Burned it. Gone. It had collapsed anyway, so RIP to anyone still bagholding from the Ronin days. At least now you can’t check the price and cry. If you want to see what the new setup looks like: Forkast.gg.

Alright, fellow degenerates and diamond-handed asset hoarders, gather ‘round. MSquared (yeah, the UK infrastructure folks tied to Improbable) just dropped something called Mash, and it’s basically a gen-AI toybox where you can spin up 3D assets from text prompts. Think “I typed ‘angry cyber-ferret with a jetpack’ and suddenly Blender has a new problem.” The twist? It’s all community-remixable, so your masterpiece can immediately be turned into a cursed meme object by someone with zero shame and a GPU. And because everything exports in GLB, you can yeet these assets straight into Roblox, Unity, Blender, or, for the truly chaotic, Garry’s Mod. Only static 3D assets for now, but they swear animations, SFX, and full 3D characters are coming. Translation: soon the internet will drown in procedurally generated abominations, and honestly I’m here for it. Here’s where things get very “web3 startup pitch deck”:Mash is plugged directly into the Somnia EVM blockchain, and asset generation costs SOMI tokens (or fiat if you’re feeling normie today). There’s a subscription model on the way too, because of course there is. But hey, creators get royalties every time their content is remixed. So if someone repeatedly spawns 47 variations of your “angry cyber-ferret,” you get paid. Everything’s under Creative Commons, which is bold, chaotic, and probably the only way this works. CEO Rob Whitehead says this whole thing puts “the human back in the loop,” which is a poetic way of saying the AI still needs us to babysit it. Also he calls it a “living, collaborative universe,” which is what every crypto project has claimed since 2017, but this one at least ships actual files. TL;DR:New AI hub lets you make and remix 3D assets, pays you royalties when others remix your stuff, runs on SOMI, exports to real tools, and might finally give us a reason to stop yelling “wen utility.” Not financial advice, but if this thing takes off, your low-effort meme prop might become passive income. Or it might become a cursed object in someone’s virtual basement. Either way, vibes look strong.

So, EVE Frontier (yeah, the fully on-chain one that just hopped over to Sui) is hosting its Winter Classic PVP Tournament on Dec 6–7, and team sign-ups are open until Nov 24. The setup: 5v5 or 10v10 matches in a 50 km arena. You get 50 loadout points total for your team. Spend them wisely — the Maul cruiser eats 25 points, while a Recurve corvette is just 5. Win by deleting the other team or racking up more kill points in 10 minutes. Rewards:🥇 1st Place: 5 tickets to EVE Fanfest 2026 + 10,000 Grace (split among the team).🥈 2nd: 5,000 Grace split.🥉 3rd: 2,000 Grace split.(Grace = in-game currency, not divine favor, in case you were confused.) Oh, and the devs are about to nuke everyone’s progress again with Cycle 4 in December — bringing base building 2.0, tribal structures, character systems, and clone testing. Translation: another “totally worth it” wipe for your hard-earned ships. Honestly, it’s giving Web3 EVE meets Hunger Games. You grind, you lose it all, you sign up again. But hey, maybe those Grace tokens will cover the emotional damage. Who’s entering? I need five degens who don’t mind exploding in 10 minutes for blockchain glory. 

 So, turns out almost 37% of MapleStory N’s player base has been yeeted into the void — that’s 640k bans out of 1.75M lifetime accounts. Nexpace (Nexon’s web3 arm) proudly says this cleanup dropped shady activity by 82%. Translation: more bots than humans, but hey, at least they’re efficiently banning them now. The irony? They introduced KYC reverification to stop people from buying pre-verified accounts. Out of 28,000 flagged, only 155 actually completed verification. Guess the rest didn’t have a “valid” credit card — or a conscience. Still, credit where it’s due — the daily active wallets are steady around 60–70k, which means there’s a real community sticking it out through the digital plague. TL;DR: Web3 gaming remains a bot-infested experiment. Nexpace is banning fast and verifying faster. Credit card KYC might finally separate “play-to-earn” from “play-to-bot.” Honestly, if your NFT pet in MapleStory N survives this purge, you’ve probably earned it.

Alright, folks — Forward Industries, yes that old-school med device manufacturer turned “Solana treasury powerhouse,” just went full crypto degen corporate. They announced a $1 billion share repurchase program, approved November 3rd and running through 2027. So, the company that used to make gadget cases for glucose monitors is now the self-proclaimed largest Solana treasury company in the world... and they’re using traditional finance tools to flex their on-chain conviction. Love the crossover episode. They also filed a resale prospectus with the SEC — basically letting prior PIPE investors offload shares from a 2025 placement. But the real attention-grabber? That $1B buyback authorization. It’s their way of saying, “we’re so bullish on our Solana exposure, we’ll literally buy ourselves back.” Kyle Samani (yep, the Multicoin guy) said this “reflects confidence in Solana’s ecosystem.” Translation: SOL to the moon, or at least to the balance sheet. Forward’s partnered with Galaxy, Jump, and Multicoin to manage its Solana treasury — consolidating their bags like it’s 2021 again. The new program gives them flexibility to buy shares via open market, private deals, or whatever structured buyback they can dream up. So now we’ve got a once-forgotten NASDAQ microcap reinventing itself as a Solana-native treasury, slapping a $1B buyback on top. Either genius timing before the next bull run… or the most expensive “we believe in the chain” tweet ever made. TL;DR: Forward Industries: ex-medtech, now “Solana treasury” firm $1B buyback authorized (through 2027) Filed resale prospectus for PIPE investors Partners: Galaxy, Jump, Multicoin Market translation: TradFi cosplay meets crypto hopium Let’s see if this turns into a Solana ETF in disguise or just another treasury story that bought the top.

 Title: Gas Fees at 0.067 Gwei – Did Ethereum Just Forget It’s Supposed to Be Expensive? Alright, ETH traders, it finally happened — gas fees have hit 0.067 Gwei. Yes, you read that right. Swapping tokens costs roughly $0.11, selling an NFT about $0.19. The same network that used to charge the price of a small dinner for a Uniswap swap now costs less than a cup of gas station coffee. So what’s behind this miracle? The combo platter of reduced congestion, the Dencun upgrade, and Layer-2 dominance. Etherscan data shows gas dropped below 1 Gwei and stayed there since mid-October. The big boys (rollups like Arbitrum, Optimism, Base) are offloading most of the action, leaving the mainnet looking like a quiet museum. It’s great for traders — we’re swapping, testing contracts, bridging assets like it’s 2019 again. But here’s the catch: Ethereum’s base layer revenue just tanked. With 99% of potential fees going to L2s, validators aren’t exactly rolling in ETH. Binance research basically said, “Enjoy your cheap gas while it lasts — the network’s gotta eat too.” TL;DR: Gas = 0.067 Gwei (historically low) Swaps ≈ $0.11, NFT sales ≈ $0.19 Layer-2s soaking up activity → fewer mainnet fees Great for users, questionable for long-term network economics So yeah, enjoy the cheap trades and flex those on-chain moves while they last. Ethereum’s having its clearance sale moment — let’s see how long before the gas gods remember rent’s due.