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Crypto ETFs hit by massive outflows!

  • Bitcoin ETFs: Recorded $1.28B in net outflows, marking 6 consecutive sessions of withdrawals. BlackRock alone reportedly saw $1.3B in Bitcoin outflows this week.

  • Ethereum ETFs: No buying support in sight, with 6 straight weeks of outflows, totaling $365M.

Other crypto ETFs also recorded negative flows across the board. $BTC ( ▼ 1.15% ) briefly crashed to $74K before quickly bouncing back to the $76K level. Is this just a temporary shakeout?

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Here’s what we got for you today:

  • 👀 Crypto ETF sell-off just deepens

  • ⭐ NVIDIA's CEO triggers BTC crash?

  • ⭐ FBI agent stole $2.47M in crypto

  • 🔥 Burning hot takes for the road

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Why Overseas Producers Can't Undercut Atlas Salt, Even for Free

Cities are already running short on road salt, and winter hasn't even started. Some supply bids are going unanswered, prices have nearly doubled in parts of the market, and the backup plan is two weeks away by boat. Here's why Atlas Salt (TSXV: SALT | OTCQX: SALQF) can get salt to the people who need it most, faster and cheaper than anyone shipping from overseas: 

• Three days by ship to Boston, not fourteen

• Shallow deposit that's cheaper and faster to mine

• Projected C$188M a year in free cash flow

• Export Development Canada interested in lending C$150M

• Early supply deal with top U.S. salt distributor

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🚨 DID NVIDIA CEO SPY SCANDAL TRIGGER BITCOIN’S $3000 CRASH?

NVIDIA CEO Jensen Huang has admitted to an extramarital affair, while the company has launched an independent investigation into allegations that he was targeted by Chinese intelligence.

At the same time, BTC experienced a sharp sell-off, and U.S.–Iran negotiations showed signs of further deterioration.

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1. What happened to NVIDIA CEO Jensen Huang?

On November 8, Jensen Huang sent an internal email to NVIDIA employees acknowledging that he had been unfaithful to his wife. He apologized to his family, colleagues, and NVIDIA's shareholders.

According to reporting by The New York Times, U.S. intelligence officials believe Huang had a relationship with Alice Huang, a Chinese businesswoman previously associated with Singapore-based company Megaspeed.

Who is Alice Huang?

  • Chinese businesswoman and former executive at Megaspeed.

  • Megaspeed purchased significant quantities of NVIDIA AI chips.

  • U.S. authorities reportedly identified her as a Chinese intelligence asset.

  • Suspected activities: Gathering information and potentially influencing access to advanced NVIDIA chips for China.

U.S. authorities have also scrutinized Megaspeed over suspicions involving shipments of restricted AI technology to China.

NVIDIA's response: The board has launched an independent investigation, but says it currently has no reason to believe national security or company secrets were compromised. Huang will continue serving as CEO during the investigation.

2. U.S.–Iran negotiations are also deteriorating

U.S. Secretary of State told reporters that diplomatic negotiations with Iran were making little progress. He described Iranian demands as "outrageous and ridiculous" and warned that a diplomatic agreement might not be possible under current conditions.

The comments raised concerns about renewed geopolitical tensions and potential disruptions to global markets, creating another possible source of selling pressure on risk assets, including cryptocurrencies.

3. Bitcoin crashes as liquidations exceed $1 billion

According to CoinDesk's November 8 report, crypto markets faced massive sell-offs across key metrics:

  • Bitcoin intraday low: Approximately $73,761

  • Total crypto liquidations: Over $1 billion in 24 hours

  • Long liquidations: Approximately $913 million

  • BTC liquidations: Approximately $272 million

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CoinDesk reported that the market reacted to both the NVIDIA investigation and stalled U.S.–Iran negotiations.

Crypto markets trade continuously, meaning investors can react to weekend developments before traditional stock markets reopen. The sell-off also triggered forced liquidations of leveraged positions, accelerating the decline.

4. How did NVIDIA and Nasdaq futures react?

NVIDIA-linked perpetual futures and overnight stock trading showed the company's shares trading around $180.30, approximately 3.4% below Friday's Nasdaq closing price of $186.64.

However, the broader U.S. stock market showed signs of recovery during early Monday trading:

  • S&P 500 futures gained approximately 0.6%.

  • Nasdaq-100 futures gained approximately 0.7%.

  • NVIDIA-linked perpetual futures faced continued selling pressure.

So far, there is no public finding that Jensen Huang knowingly assisted an intelligence operation.

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Executive Order #14330 Could Impact Your Retirement Account

Your 401(k) may be about to change in a way most Americans haven't heard about.

President Trump's Executive Order #14330 is pushing a major shift in how retirement plans can invest.

Get the full story and see how your retirement could be impacted.

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🧨 EX-FBI AGENT GUILTY OF EMBEZZLING $2.47M CRYPTO FROM 35 INVESTIGATIONS

A former FBI agent has officially admitted to stealing $2.47 million in crypto by abusing internal government databases. The stolen funds were taken directly from at least 79 crypto wallets linked to 35 separate federal investigations.

1/ Key Facts of the Case

The offender is a 37-year-old Patrick Steven Yaroch from Ashburn, Virginia. On November 5, Yaroch pleaded guilty in the U.S. District Court for the Eastern District of Virginia to two federal felony counts: wire fraud and money laundering.

$2,474,380.66 was stolen via approximately 100 unauthorized wire transactions. Where the money came from:

  • Wallets owned by criminal suspects under investigation.

  • Wallets tied to two hostile foreign nation-states (identities remain classified).

→ At least 10 transactions took funds directly from victims of criminal cases being investigated by the FBI. Internal undercover wallets created and operated by the FBI itself.

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2/ How He Carried Out the Theft & Laundering

Yaroch did not hack smart contracts or bypass complex security protocols. He used his insider position to drain the funds.

He searched internal FBI file systems to pull credentials, private keys, and seed phrases collected during active cases. Transfers ranged from tiny test transactions of $0.81 to massive single sweeps of over $580,000.

He funneled stolen funds into his personal Bitcoin wallet, then obfuscated the trail by swapping tokens across privacy networks:

  • Bitcoin (BTC) ➔ Monero ($XMR ( ▼ 0.72% )) ➔ Solana (SOL) ➔ Sui Network (SUI) ➔ Kraken Exchange.

Between November 25, 2025, and January 13, 2026, he moved $93,082 into his personal TD Bank account to pay off debts, including $30,176 in credit card debt and $20,000 for a Lexus installment payment.

3/ Personal Debts, AI Advice & Portugal Escape Plan

Before turning to crime, Yaroch was facing severe financial stress, having taken out over $100,000 in personal loans in 2024 and racking up $45,000 in credit card debt.

On June 4, Yaroch even asked ChatGPT how to invest around $1 million to move his family to an EU country and buy a 2-to-5-hectare vineyard in Portugal.

Just 11 days later, he authorized two Portuguese lawyers to register him with tax authorities, obtain a personal tax number, and open financial portal access. He planned to fly to Portugal in September 2026 to buy the vineyard.

His plan collapsed when he was fired by the FBI and arrested in late July 2026.

4/ The Cover-Up & Seized Assets

When he self-reported to Department of Justice officials on July 29, Yaroch claimed he only made 10 to 12 transactions totaling under $1 million. Investigators quickly uncovered roughly 100 transactions totaling $2.47 million.

On-chain investigators tracked $1.02 million deposited into the Suilend lending protocol on the Sui network. Authorities have recovered around $925,426 so far.

Under his plea agreement, Yaroch must pay at least $2.4 million in restitution. Forfeited assets include:

  • 17,990.67 USDC

  • ~1.38 million SUI tokens

  • Balances across TD Bank, Charles Schwab, Kraken, and BloFin accounts.

He must surrender all future earnings from books, movies, articles, or interviews about his FBI work or the case, and all publications must undergo FBI pre-clearance. Yaroch faces up to 20 years in federal prison. Sentencing is set for March 4, 2027.

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🔥 BURNING HOT TAKES FOR THE ROAD

Elon Musk is relentlessly trolling ex-Binance CEO CZ after the recent hack, editing green CZ memes red. Is it just pure shade? Read more

The US Department of Labor just submitted a proposal to let 401(k) retirement funds invest in crypto for long-term capital. Read more

South Korean crypto exchange GOPAX completely froze deposits and withdrawals following a cyber attack threat. Read more

After Binance’s hack, major crypto exchanges are rushing to disclose cold storage reserve ratios to reassure worried users. Read more

🤡 SPICY MEME

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If you know you know 🌚

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⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.

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