It's So Over (Again)

Marketwide sell off today with the S&P down 2% and the NASDAQ down 3%. BTC was down 3% while ETH & SOL were down 4%. Only notable alts with any signs of strength were RDNT and SUI.

While the market was falling apart, it was also a pretty heavy news flow day including:

SEC charging Galois Capital regarding custody failures

Trump is launching a DeFi project which is tied to the previously hacked Dough Finance

Penpie was exploited for $16mm+

NVDA gets a DOJ subpoena

Trump’s Polymarket odds have the former president at a 4% lead over Kamala

$16bn of FTX payouts are expected to be paid in Q4