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#The Kobeissi Letter

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Single Wall Street Session Erases More Value Than Entire Crypto Market as ‘We Are Still Early’ Trend Resurfaces
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Single Wall Street Session Erases More Value Than Entire Crypto Market as ‘We Are Still Early’ Trend Resurfaces

Key Highlights: The S&P 500 and Nasdaq experienced an aggressive, relentless sell-off, failing to log a single positive one-hour candle despite five intraday bounce attempts. Market analysts at The Kobeissi Letter attributed the sharp drop to technical factors and record retail leverage following roughly $15 billion in October leveraged ETF inflows. The single-session loss of ...

Elon Musk Comments on Binance Attack: “Every Day is Day Zero”
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Elon Musk Comments on Binance Attack: “Every Day is Day Zero”

Key Highlights Elon Musk spotlighted digital platform vulnerabilities and amplified reports regarding a recent cyberattack on cryptocurrency exchange Binance. Market analysis outlet The Kobeissi Letter reported that an estimated $5.7 billion in funds moved out of Binance following the incident, calling it the largest cyberattack in cryptocurrency history. Analysts note that the full $5.7 billion ...