🧟 CZ's Listing Zombie Coins Again

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$BTC.X ( ▼ 5.05% ) closes a brutal November with -17.67% loss… and December just starts even worse.

Even though BTC managed to bounce back above $90,300 at the monthly close, recovering from that sharp dip to $80,600, the optimism didn’t last long.

Just a few hours into Dec 1st, BTC dumped over 4%, falling back to around $86K. That wiped out most of the gains from earlier this week, just like that.

Deadcember, pls don’t come!

Here’s what we got for you today:

• 👀 BTC leads, alts bleed, smart money repositions

• ⭐ Why did the market crash so hard today?

• ⭐ Is CZ testing the meme market again?

• 🔥 Burning hot takes for the road

If you look behind the panic, there’s a quieter, but maybe more meaningful, shift going on. Institutions and market‑makers seem to be repositioning toward safety and liquidity.

In today’s post, we’ll walk you through:

• Why BTC is holding up while most alts are stuck

• What smart money is doing differently right now

• The tiny % of alts that are actually worth watching

🔻 WHY DID EVERYTHING CRASH TODAY?

If you're wondering why the crypto market just took a major hit, you're not alone. The sell-off was intense, BTC dropped 3–5%, ETH down 5%, and over $370M in longs got liquidated in an hour.

It was a storm of negative news and context colliding all at once.

1. The Yen Carry Trade is Unwinding

For years, hedge funds borrowed Japanese yen at near-zero rates, swapped it to USD, and threw it into high-yield assets like U.S. stocks or crypto. That’s the yen carry trade.

But now Japan’s central bank is raising rates. The 10-year bond yield just hit 1.84%, highest in 17 years.

→ That makes borrowing yen more expensive. So what do funds do?

They sell their risk assets (including BTC/ETH) to repay yen loans. That’s probably the core reason for today’s sell-off.

2/ MicroStrategy Might Sell Bitcoin?! (No, Really)

This was unexpected.

MSTR CEO Phong Le said they might sell BTC, but only if absolutely necessary. Like if their stock drops below NAV and they can’t raise more funds, they’d consider it a “math decision” to protect BTC yield per share.

He said it’s a last resort, but still, this hits hard because the whole narrative around “Michael Saylor will never sell” just cracked a little.

3. Tether FUD Comes Roaring Back (Thanks, S&P + Hayes)

Just when things were calming down… S&P downgraded USDT to the lowest tier, calling its peg strength “weak.”

Then Arthur Hayes jumped in saying that if BTC or gold drop 30%, Tether’s entire equity could be wiped out, raising the threat of theoretical insolvency.

The FUD cycle ignited fast. But Tether responded right away:

• BTC/gold are just bonus profit drivers

• The core reserves are still $112B in U.S. Treasuries

• They’re earning $440M+/month, and already paid out over $10B in dividends this year

He believes Tether is making a huge interest rate bet, buying BTC and gold expecting the Fed to cut rates. If they’re right, it works.

4/ China Repeats Its Anti-Crypto Message

It didn’t help that China just repeated its hardline stance on crypto over the weekend.

They called crypto illegal, said trading and stablecoins pose money laundering risks, and promised stronger crackdowns.

Nothing new, but when the market is nervous, even old headlines hit harder.

If this is just the first wave, there may be more aftershocks ahead.

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🐸 IS CZ BRINGING MEME COINS BACK?

Binance Alpha just came back into the spotlight after listing 2 long-forgotten meme coins - $BNBHOLDER.X ( ▼ 8.24% ) and 恶俗企鹅 (Vulgar Penguin).

These tokens first popped up over a month ago during the launch of the Meme Rush campaign led by CZ and Yihe.

• BNBHolder was hyped hard during its launch, with speculation it might get a full Binance listing

• It once hit $160M market cap, with volumes around $100–150M/day

• But now? It’s down to just $1.4M market cap, and the team has gone silent. Volume hovers between $200K–$300K

1/ Is CZ Testing the Meme Market Again?

These coins had been “dead” for weeks. Binance hadn’t listed any meme token on Alpha for over a month. So this came out of nowhere.

It wouldn’t be the first time Binance used Alpha as a testing ground for high-risk meme tokens.

• Binance Life went from $5M cap to $500M ATH, only to crash back to $1M

• Palu, the Binance mascot token, had a similar run, spiked to $15M, fell to $3M, then listed on Alpha

Most of these follow the same pattern: Hype → spike → dump → silence → surprise relist. So listing “dead” tokens isn’t new for Binance Alpha.

But for us, that means two things:

• These low-cap tokens can still spark short-term waves

• But they also carry massive risk. Most won’t survive unless a narrative or tweet revives them

2/ Community Reaction: Hype or Skepticism?

The listings triggered mixed emotions. A lot of the debate focused on:

• Can CZ still “move the market” with a tweet like before?

• Are these listings real signals or just noise?

• Can we even trust meme coins with dead communities and $1M caps?

To be fair, meme coins have short lifespans. Even if they had ATHs before, they usually crash fast. And without active teams or narratives, they stay down.

3/ Is Binance Alpha Still Worth It?

Alpha used to be a goldmine. You farmed points, waited for listings, and boom, airdrop, trading comp, quick wins.

But now, it’s different.

• Alpha is just a distribution machine, not a money printer

• When the market’s hot, it works. But in this cycle, hmm, not so much

• Projects get listed, pump, fade… then disappear. Price tanks 90%+

Take $DEGENAI.X ( ▼ 9.83% ) as an example, it pumped +750% when first listed. But after getting delisted a few months later, price dropped 90–95% back to its pre-listing level.

So it’s worthy only if you know what you’re doing.

If you’re just farming points without a trading plan, your net gains will likely fall below your time cost and risk.

But if you’re skilled, can read markets, manage risk, and act fast, Alpha can still be a decent side income. It’s not passive, not easy but it’s doable.

Alpha’s not dead. But it’s no longer a playground for everyone.

🔥 BURNING HOT TAKES FOR THE ROAD

S&P sparked FUD by calling $USDT.X ( ▲ 0.01% ) "weak," but the CEO Paolo Ardoino fired back & highlighted $7B in excess equity & $500M monthly profits. Read more

Arthur Hayes is doubling down on his wild $250K BTC prediction for 2025. But which year are we talking about, 2026 huh? 😂 Read more

Yearn Finance suffered a critical exploit targeting its yETH product. Hackers minted infinite tokens to drain 1,000 $ETH.X ( ▼ 7.89% ) . Read more

$SAHARA.X ( ▼ 8.2% ) dropped 50% overnight, yet zero hack, zero unlock, zero team sell? Whoever dumped… better come explain themselves. Read more

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