Block Earner Bulletin: Sleeping with one eye open

Let’s put the market to one side for now, the support we received at Aus Crypto Con was incredible. From overflowing theatres to lines at our booth, it's clear lending is trending and we’re so grateful for the support you showed us. Thank you!

BTC is up 12% from its recent lows showing that extreme movements are not only to the downside. Unfortunately, it does bring about rumours of manipulation from large players... at the end of the day the crypto market is still smaller and more concentrated than equities, making it a prime target for such activity. Periods like this emphasise the need for solid risk management (like a BE loan that gives you a 30-day notice to cure your loan).

Quantitative tightening ends on Dec 1 in the US, with rate cuts anticipated, the only unknown is the jobs data which interestingly was omitted from unemployment figures last time around… sleep with one eye open on that front.

Here for you, as always.

Thanks to all of those who came to visit us at our ACC booth! Check out our highlight reel here.

Check out our very own James Coombes’ feature in CFOTech on the evolution of BTC.

Read our latest write-up on how businesses across Australia are using Block Earner to expand ops and manage their crypto investments.

Despite a sharp $55 billion decline in total value locked since October, the DeFi sector remains structurally strong, with rising DEX activity and steadily growing protocol fundamentals. The decentralized finance (DeFi) sector has shed $55 billion in total value locked (TVL) since the beginning of October, falling to $123 billion from $178 billion, but the sharp drop is far less ominous than it appears.

Cathie Wood’s ARK Invest pushed deeper into the crypto sector this week, adding another wave of purchases across several beaten-down digital-asset-linked stocks. ARK disclosed new purchases in Block, Circle Internet Group, Robinhood, Coinbase and its own ARK-21Shares Bitcoin ETF. The ARK Invest portfolio, $14.7 billion, aims to focus on innovative and disruptive companies, that could define future financial and technological infrastructure.

According to onchain analytics firm CryptoQuant, the total number of bitcoin transferred to exchanges reached 9,000 BTC on Nov. 21, with 45% of that volume coming from large deposits of 100 BTC or more — a level it described as unusually high. The average bitcoin deposit size on Binance, increasing from 12 BTC at the beginning of November to as high as 37 BTC in recent days.

Disclaimer: The information contained in this blog is general in nature and is provided for informational purposes only. It does not constitute financial, legal, or tax advice, and should not be relied upon as such. Block Earner does not guarantee the accuracy or completeness of any information presented. You should consider your own personal circumstances and seek professional advice before making any financial or investment decisions. Past performance is not indicative of future results. All investments carry risk.