While the overall market just WIPED OUT close to 20 BILLION over the past 24 hours, f(x) Protocol worked flawlessly, without any human intervention. The protocol just underwent the biggest stress test any leverage protocol has ever faced and has proven, once again, to be strong and resilient. Zero hard liquidations happened on f(x). Z E R O. Instead, there were 78 rebalance transactions for wstETH, 9 rebalance transactions for wBTC. Zero liquidation. And remember, these are all smart contracts; no entity to trust, your funds are yours. Just algorithms that work. Slept well? Yes, if you were trading on f(x)! Zero Stress Leverage. The ticker is $FXN. fx.aladdin.club/v2/trade/

JUST IN: Deutsche Bank to launch crypto custody

JUST IN: $13 trillion Charles Schwab fully launches Bitcoin & Ethereum trading to its 40 million eligible retail clients.

You can get rich by being calm when everyone else is emotional

BREAKING: The stock market Fear & Greed Index has just entered "extreme fear"

🚨 NASDAQ 100 has now crashed about 6% in the last 10 days Here is why tech is selling off: FIRST, INTEREST RATES. Inflation came in higher than expected this week. CPI was 3.7% and PPI was 6.3%. Markets now think the Fed could raise rates again. The 10-year yield hit 5.34% this month, the highest since 2007. Even after falling this week, it is still above 5%. Higher rates make borrowing more expensive. Data centers are built with borrowed money, so they are the first to be hit. On Wednesday, CoreWeave fell 9.5%, Nebius fell 15.1% and Oracle fell 7.2%. All three rely on borrowed money to build data centers. SECOND, AI VALUATIONS. Reuters reports that some investors now see Anthropic's IPO at $1.5 trillion, not $2 trillion. Anthropic made $16.8 billion in Q3, up 45% from Q2. In Q2, its revenue more than doubled from Q1. That is still strong, but growth is slowing. At this size, investors pay for growth. When the company leading the AI boom gets a lower valuation, it shows investors are less sure how fast AI revenue will grow. THIRD, NVIDIA. It is down more than 10% from its high. The chip index has also fallen 8 days in a row, the longest losing streak since 2008. So money is getting more expensive, and AI companies now have to show faster growth to justify their prices.

BREAKING: The Nasdaq 100 extends losses to over -2% on the day as US oil prices surge above $100/barrel and inflation worries mount. The Nasdaq 100 is now down -7% from its high seen 10 days ago.