Coin & Candle

Melius downgrades $NVDA to Hold from Buy. The move hits the AI-chip bellwether, a stock that often sets the tone for tech and broader risk appetite, including crypto.

702 $BTC (~$51.1M) moved from Coinbase Institutional to an unknown wallet, on-chain data shows. Transfers out of institutional custody can signal a custody shift or accumulation, but the purpose and recipient are unconfirmed. #Bitcoin

Trump threatens to immediately double tariffs on Mexico unless it stops migrant caravans, demanding action now. No current rate or timeline was given. Trade-policy escalation is a risk factor for equities, crypto and the dollar.

UNCONFIRMED: UPDATE: UNCONFIRMED: Nvidia's board is reportedly weighing whether to remove CEO Jensen Huang, and social media claims ~$1T has been wiped from its market value. No company statement yet. Follows Sen. Cramer's resignation call. $NVDA

JUST IN: Wall Street analysts hit $NVDA with a wave of downgrades. Bernstein SocGen, Oppenheimer, William Blair and Evercore ISI cut ratings; Stifel, Citi, RBC and BofA lowered targets. Mizuho, UBS and Piper Sandler stayed bullish. 📉 📲 More on Telegram – link in bio

UPDATE: $BTC has dropped below $73,000 and now trades near $72,750, extending the slide that followed October's hotter-than-expected CPI print. The level was the support zone flagged in our earlier analysis. #Bitcoin

🚨 JAPAN'S YEN-TO-CRYPTO BANK LINK COULD HINGE ON ONE LICENSE DECISION – NO DATE SET YET The reason: Backpack signed an MOU on Nov 12 with Minna no Ginko, the digital bank of Fukuoka Financial Group. They will explore yen deposits and withdrawals on Backpack's planned Japan platform. It only moves ahead if Trek Labs Japan gets exchange registration. Gradual, not binary: an MOU first, a license later. The number: Fear & Greed is 28 (Fear). It was 50 a week ago. IF registration is granted: • Crypto: could add a bank-linked yen on/off-ramp via the bank's BaaS offering. Tokenized deposits and onchain finance are named as possible next steps. • Regulatory channel: a clear path from bank to exchange may support institutional adoption in Japan. • AI/tech stocks: no direct link. Any effect would come only through broader risk appetite. • Oil: no direct link in the sources. IF registration stalls: • Crypto: the deal may stay an MOU, and bank integration could slip. • Regulatory channel: slower approvals may mean slower access to yen rails. • AI/tech stocks: no direct impact expected. • Oil: the energy channel (oil -> inflation -> rates) may matter more for risk assets than this deal. What's priced in: sentiment is fearful (28, yesterday 29). $BTC trades at $73,108, -1.17% in 24h. A regional MOU is unlikely to be the main driver. Our sources have no positioning data, so we can't say whether shorts or longs are more exposed. What to watch (72h): • Any Trek Labs Japan update on registration status • Fear & Greed: does 28 hold or slide further • BTC around $73,108 Bigger picture: banks and crypto platforms are moving closer, and tokenized deposits are named as a possible next step. Not financial advice.

UNCONFIRMED: Over $1.1T reportedly wiped from gold and silver market value in 24 hours, according to a single social media source. The figure has not been verified against market data. Bitcoin trades near $73,400.

JUST IN: 🇯🇵 Backpack signed an MOU with Minna no Ginko, the digital bank of Fukuoka Financial Group, to explore linking yen deposits and withdrawals to its planned Japan exchange. Deal depends on Trek Labs Japan securing exchange registration.

$SOL logged $84M in tokenized NVDA stock volume, more than all other chains combined, per on-chain data. Which chain do you use most for tokenized stocks? 📲 More on Telegram – link in bio

JUST IN: 🇨🇳 China's Foreign Ministry urges the U.S. to stop using a "Chinese spy" narrative as grounds for tech curbs, citing the Nvidia CEO controversy. Beijing says it is in contact with Washington ahead of a planned leaders' meeting.

A week ago the Crypto Fear & Greed Index stood at 50. Today it reads 28, still in Fear, after a 1-point dip from yesterday's 29. The 22-point weekly drop is the bigger story. 🧊 A sentiment gauge only, not advice.

Five days of outflows now for both: US spot BTC ETFs -$299.8M on 11 Nov, ETH ETFs -$144.8M. IBIT (-$269.7M) and ETHA (-$129.8M) were the largest single-fund exits. 📉 #Bitcoin

$750M is the most the U.S. Treasury is set to buy back today in its own debt. Buyback operations like this are meant to support Treasury market liquidity, a key backdrop for rates and risk assets, including crypto.

NOV 11 LEDGER: October CPI rose 0.4% vs 0.3% forecast as Bitcoin slipped below $74K. Roughly $3B in crypto positions were liquidated this week, about 90% longs. Strategy expects MSCI exclusion; JPMorgan estimates about $2.8B in selling. 📊 #Bitcoin

Bitcoin Core disclosed three patched flaws: one high-severity, two medium. The high-severity bug, a mempool inconsistency during reorgs, could stop miners getting valid block templates until a restart. Fixed in 29.2+ and 30.0+. #Bitcoin

$64.35B is the most Anthropic could raise in its IPO. It is marketing 825M shares at $70–$78, implying a $1.25T–$1.4T valuation. Q3 revenue was nearly $17B, but it posted a $567M operating loss. Pricing is expected the week of Nov 16.

About $3B in crypto positions have been liquidated this week, roughly 90% of them longs, as $BTC trades near $74K. Market commentary calls it one of the biggest long flushes of the past year. #bitcoin

$BTC is down about 15.3% year to date, trading near $74,000. Unless it rallies to roughly $87,000 by year-end, 2026 will close red for a second straight year, which would be the first back-to-back annual loss on record. #bitcoin

833 $BTC (~$61.7M) moved from an unknown wallet to Kraken, on-chain data shows. At current prices the same coins are worth about $61.6M, almost unchanged since the transfer. Exchange deposits don't confirm intent to sell. #bitcoin 📲 More on Telegram – link in bio