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- BTC ignored the rally again. Should we worry? š
BTC ignored the rally again. Should we worry? š
PLUS: Nvidia blows out earnings, stocks snap back, BTC stays stuck under $92K. WLFI wallets frozen, XRP bleeds post-ETF, and quantum fears hit center stage again.
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Global markets snapped back on Thursday as Nvidiaās earnings blowout reignited the AIātrade. Stocks rallied, tech got its mojo back and even Bitcoin-linked mining stocks rebounded.
Bitcoin, by contrast, remains mired below $92,000, refusing so far to follow riskāassets higher.
That divergence is raising eyebrows.
For undercurrents, the crypto marketāappears increasingly stressed:
More than 580,000 BTC moved onto exchanges in November, the largest monthly inflow since a market-drivenāspike in early 2018 and an unmistakable sign of investor jitters.
Q3 leverage spiked to a record high as tradersāmoved heavily into DeFi perps and options, with spot liquidity drying up.
And U.S. data is not coming to the rescue, September added just ~50,000 new jobs, suggesting an economy thatās suddenly losing steam.
But hereās the part, whatever, everybody willābe whispering about today:
Is the AI super-cycle taking over from the crypto cycle we were meant to be having?
TheāAI boom āhas a lot more ways to go,ā says Nvidia CEO Jensen Huang.
And Wall Street is voting in billions.
Crypto? Itās barely moving.
Some traders are now saying that theācapital inflow that has historically gone into Bitcoin in times of macro uncertainty is being sucked up by AI hardware and model-training boom, a āsuper-cycleā with real earnings and demand.
š POLL: Do you think the AI boom is delaying the next crypto cycle? |
š Market Watch

1ļøā£ Trumps WLFIātoken is hit before launching.
World Liberty Financial, associated with Trump, froze 272 wallets after phishing and leaked seed phrases enabled attackers to empty user accountsābefore WLFI went live.
The team burnt 166M token ($22M) to ensure that compromised wallets are neutralized and is reallocating the fundsāonly after rigorous identity checks.
2ļøā£ Nvidiaās money-loop powered AI gets weirder I
Nvidia isāspending billions on A.I. companies ⦠that in turn spend billions buying Nvidia chips. Anthropic raises $10B, commits to purchase $30B of Azure compute (much of which will be comprised of Nvidia hardware).
OpenAI? Nvidia invested $6.6B, then OpenAI signed up toāuse 10 gigawatts worth of Nvidia systems. Even the skeptics are wondering:āIs Nvidia financing its own demand?
Wall Street doesnāt care. Nvidia beat earnings again and the stock popped +8% after hours.
3ļøā£āTrump to meet NYC's new mayor after months of insults
Trump to meet NYCāsāincoming mayor Zohran Mamdani at White House on Friday, in surprise twist after calling him a ācommunistā and threatening to cut funding.
Itās a high-stakes sit-down between two men who spentāthe year attacking each other but are now finding it impossible to avoid cooperating as voters clamor for economic relief.
š Chart our Analyst is watching
Canary Capitalās XRPC launched with a first day volume of $58M and net inflows totaling over 250M USD, but market price went down to $2.14 soon after as whales were discreetly selling their initial 200M XRP.
The chart to watch: $2 support: lose it and momentum breaks; hold it and ETF inflows might rhyme with Bitcoinās post-launch trajectory (initial selloff ā accumulationāā breakout).
š¤ Top Tweets
Here are Cryptopolitanās top picks:
š Culture Watch
Vitalik just hammered home the biggest āwhat ifā of 2019 in BuenosāAires, cautioning that Quantum computers could break Bitcoin and Ethereum as soon as 2028, stating categorically: āelliptic curves are going to dieā.
Googleās recentāquantum breakthrough and Microsoftās quantum-ready chip havenāt helped, moving the discussion from sci-fi to real technical risk. It is a ālive possibilityā that before the 2028 U.S. election weāwill see a fault-tolerant quantum machine running Shorās algorithm, researchers like Scott Aaronson now say.
š Quick Explainer: Elliptic Curves & Shorās Algorithm
Elliptic Curve Cryptography (ECC)
This is the math that secures Bitcoin, Ethereum, and most wallets today.
It works because normal computers canāt easily reverse a private key from a public key, it would take longer than the age of the universe.
ECC = secure because the math is hard to undo.
Shorās Algorithm (Quantum Attack Tool)
Shorās algorithm is a quantum technique that can break ECC instantly once quantum hardware is powerful enough.
Instead of guessing for billions of years, a fault-tolerant quantum computer can crunch the key patterns in minutes or hours, exposing wallets, signatures, and old addresses.
This is why Vitalik, researchers, and cryptographers are suddenly treating quantum as a real, near-term threat, not a theory
Poll: Do you think crypto will adapt in time for the quantum era? |
Headline picks by our Intern

Fed chair candidate Kevin Hassett backs Trumpās $2000 tariff stimulus idea
Big win for crypto ETFs as SEC approves Bitwise 10 listing on NYSE Arca
U.S. cancels October jobs report, making Fedās December rate cut odds surge
Circle stock retreats despite 50% revenue surge in Q3 as investors hunt for profit proof
IBM expects to hit quantum advantage in 2026 as Nighthawk chip hits users this year
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